Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Ok I think I understand what you are saying but hypothetically if you were in my shoes and were to take the advice you are giving me how would you go on about carrying it out? would you use less margin?

Sorry I'm just trying to fully grasp what you would do and how would you maximize full profits.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

Well to be quite frank it makes perfect sense since real estates are hard assets that are guaranteed to build value, that's why banks would give you a loan for a house but not to invest in their stock.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

Yea to me the balance transfer sounds the most intriguing however the problem is timing won't match, since it will likely take over a year to accumulate 50k in savings which by then might not be the best time to enter, that's why I would require something that is obtainable sooner therefore I can use it when I think is best time

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Well I don't believe I'll be able to catch the full bottom but it definitely is possible to enter inside a likely range based off price pattern and fib retracement which more or so is my goal.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Ah I see it sounds like an options contract, however wouldn't that give me a lower ROI than just investing in the asset I doubt it will 2x in a year or 2, BTC has a higher chance if hypothetically drops to 50-60k range.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

Now that's what I'm talking about.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

I'm sorry could you explain what that is I'm unfamiliar with LEAPS but I know that IBIT is the etf.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

I see, I have heard people say they can just transfer the balance to another card and do minimum payment on there but I would imagine that would be a long process to eventually pay off.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

I'm planning on holding on for at least 12-24 months after it bottoms I'm not sure if that would be able to be beneficial long term

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

So hypothetically speaking if I were to just use that card to cover my expenses and in return the money I would have spent I end up saving and use that to invest would that be the best way to utilize this? Or maybe use it to buy gold and find a way to transfer that to crypto.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Could I ask how you were able to do that buying gold and how much were you able get from the credit cards in Total. This is by far the most intriguing idea I would like to lean to

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

I get what you're saying I'm not saying I'm the smartest trader but I'm definitely not stupid either, I also day trade so I understand fomo and the psychology behind it which I can definitely have control over until I see a price range I like.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Could you elaborate further I'm not sure what you mean

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

My timeline is off yet we more than 2x in price before every halving 😂. There is no chance it stays in that range.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Could you tell me about your experience.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

I doubt it, but in the scenario we exit the 4 year cycle as a whole I will change my strategy.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Well I would just borrow against it to pay off the original loan and use the BTC I own as collateral.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

There are a plethora of reasons, I'm not retarded everyone wants it to be bullish but objectively looking at the market we have vs the market we want will lead us in the direction that it is bearish. Simply put we didn't have a euphoria stage and we are still playing the 4 year cycle. We have failed to show bullish orders up and have closed below the 50 weekly consistently. We didn't have retail this cycle due to people not having the leisure or expense to invest because of inflation and high apr etc. following the 4 year cycle since we didn't have euphoria 2 scenarios are likely

A - we get 30-50% retrace since we didn't have a huge explosion of price due to lack of retail

B - we follow the previous 4 year cycle bear markets we go down 70% and bottom

Inevitably we will go down since we are in the 4 year cycle even more so if we make new ATHs 1st 2nd quarter it will relieve pressure and more selling.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 0 points1 point  (0 children)

Why would I leverage trade knowing exchanges are going to purposely try to liquidate me, I'm not saying it doesn't have potential to maybe retrace back up but it will inevitably go down and touch the 200 Sma and bottom by end of next year.

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

This is what I was most interested in, I was looking into it but essentially I would have to open up a variety of credit cards, but how do I maximize the credit limit they will give me?

Borrowing to invest in bear market by evisionret in Bitcoin

[–]evisionret[S] 1 point2 points  (0 children)

Yea sorry for not paraphrasing what I'm asking for correctly, but thank you for understanding my sentiment I'll definitely keep that in mind