What I see about bitcoin is its gonna bounce between 100-110k to 80-90k for a long time (at least until Trump takes over). I have an option to take a 2.8k $ loan from a bank and pay 3.4k $ in 8 months. (I'm gonna start paying it after 2 months so you may assume its 6 months). Should I get that loan and make 3x - 5x margin trades on Bitcoin with this strategy? I really appreciate your help. Take Care.
If you do not have enough capital, you should temporarily step away from trading or gambling and wait until you have the capital to manage. You should never borrow money from anyone or borrow money from a bank at high interest rates to invest or trade.
However, one suggestion is that if you can repay the loan or borrowed money on time, then you can take a loan if you wish, but if you cannot repay the loan on time, then you should definitely refrain from taking a loan.
While we take loan to invest in bitcoin we should likewise consider that bitcoin investment for you to get the profit you're after you'll have to hold for long at least a circle. Because bitcoin investment unlike other type of investments isn't a get rich/profit quick asset.
Therefore, if you're taking a loan it should be that you're planning on paying back the loan within the required period given through another source of income you have because that's the only way you don't get into pressure of selling your bitcoin at a loss because it's not from the profits of the investment you'll lurking on paying back the loan but through your income source.
In other words, if you don't have anything you're doing to make money constantly, don't go taking loan to invest in bitcoin. Only fools do that.