Borrowing money to trade cryptocurrencies (non-margin)

NoEmotionTrader said:
I've been trading for the past five years and I have solid track record in cryptocurrencies, stocks, and ETFs. Many prop firms as of late either don't trade crypto or are pushing for Quant Traders (even bucket shops, as unbelievable as it may sound). It seems the only way to go forward is to borrow money. What can I do to achieve this goal?

I see only two ways at the moment:

1. Approach someone for a private loan to pay off my credit cards.
2. Set up a real estate investment company.

Any other grey areas I should be aware of?
More...

Trade on Bitmex, it's leveraged 100x
 
NoEmotionTrader said:
I've been trading for the past five years and I have solid track record in cryptocurrencies, stocks, and ETFs. Many prop firms as of late either don't trade crypto or are pushing for Quant Traders (even bucket shops, as unbelievable as it may sound). It seems the only way to go forward is to borrow money. What can I do to achieve this goal?

I see only two ways at the moment:

1. Approach someone for a private loan to pay off my credit cards.
2. Set up a real estate investment company.

Any other grey areas I should be aware of?
More...

are you serious? you claim "to have 5 years solid track record in trading..and you want somebody to pay off your CC debt and then some more so you can trade with no risk to you...
I think this post itself is Grey to say the list
Set up a Real Estate company to do what? purchase RE / sale? WTF?
 
Laissez Faire said:
Borrowing money to trade cryptocurrencies really says it all.
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Yup ...
5 years ago BTC was 300.
Great trader means over performing buy and hold.
Today it's around 9000 so it's x30 minimum return track record.
If you invested with $1000 which is a little bankroll to begin with for a "trader".
You should at least have 30K into your account right now ! So ... What's the problem ?

You desperately need money because you've blown up your life saving ?
But by magic you found the holy grail that will take you to the moon ?

If you can't manage your own money ...
I don't know why you could manage my own money.

But I've been there.
So I understand.

You just can't say ...
I AM A MASTER and be BEGGING FOR MONEY
You're either one or the other but both propositions are mutually exclusive.
 
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Borrowing money to trade crypto is a very risky endeavor no matter the trading skills as the counter party risk is high unless you plan on trading CME futures?
 
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