It seems to me that you have made an important decision by deciding to buy 1 bitcoin despite not having enough money initially. I understand that you had a fixed deposit of $6,000 in the central bank, but what a surprise that the bank gave you a loan for $10,000 in such a simple way, they almost always tend to be tedious and never end up giving the loan but good for you, do This type of investment carries many risks in itself and even more so when you made a double loan, I don't know whether to tell you if you made a good decision or not since I like the idea of investing in BTC but I don't really like the idea of loans …although if all goes well you could easily pay off your debts, including 18-19% average interest over 2 years, averaging around 9% APR. The future is uncertain and I somewhat disagree that Bitcoin will reach stratospheric prices in 2 years
That being said, I wish you the best in your decision and I hope you can achieve your financial goals. Always remember to do a thorough analysis daily and be aware of any adversity I hope you achieve your goal.
Your bravery inspires me. Borrowing to invest in Bitcoin is brave. You've borrowed to make a big profit. I respect your daring, imprudent choice.
However, tread cautiously. Bitcoin has traditionally generated high returns but is very speculative and unpredictable. No surprise, right? If you borrow at a given interest rate, you're betting that Bitcoin will climb quicker. You're racing against time.
Market trends should guide your judgments, not your emotions. Follow BTC market developments, research, and adjust your strategy. Its your money, after all
