A week after the liquidation, do you need a loan? Which banks are good? I don't want to miss the bull market.
The impact hasn't ended; my long position $CFX was liquidated due to being fully invested, with a purchase price around 0.18, and today it rose to 0.26.
I urgently need funds to operate during the bull market, so I contacted several banks. I estimate I need 200,000 RMB, approximately 28,000 USD.
Several banks offered me sufficient credit, with the current interest rate at 6-7%. This means if I borrow 200,000, I will need to repay 1,000 RMB in interest each month. I am located in a third-tier city in Guangdong, and I also have a mortgage and car loan. Adding up, a monthly cost of 1,000 is still acceptable.
🧠 I calculated that I plan to borrow 200,000, which will incur an annual interest of 12,000,
equating to more than 1,000 each month, not counting the principal repayment.
If I face another liquidation, it won’t just be “zero,” but “negative assets.”
I am conflicted:
🔹 Borrow money for a chance, to accelerate during the bull market?
🔹 Invest slowly with my salary, starting from zero to turn things around?
🔹 Or simply… give up on this round of the bull market?
💬 Are there any teachers who have taken loans to trade cryptocurrencies?
Has anyone successfully turned things around slowly with salary investments?
Or are you currently fully invested, just waiting for the rocket to launch?
📌 Seeking advice, seeking experience.
