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.
It's hard to borrow when you know to yourself that you will have difficulty paying it off, it's better to endure than to be stuck in debt when you yourself created your own problem when you shouldn't have a problem, you know what this means.
Although trading is good, but if you are not that broad-minded and you don't have the capability to make passive income from trading, then forget about trading.