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.
Repaying $3.4k in just 8 months with a 2.8k loan means you will have to pay interest at 32% APR. This can be called a very high interest rate. You will never get a specific profit guarantee from crypto or Bitcoin at a specific time. If you want to take such a loan for trading purposes, then this will be the biggest stupidity for you. Because you will never be able to do anything good by trading. Unless you are an expert. And if you want to hold, then it will require a very long time where just 8 months is not enough. So I think you should never invest in Bitcoin or any other crypto coin with such a high interest rate loan.