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A HELOC (Home Equity Line of Credit) allows homeowners to borrow against their home equity. Pros include flexibility in borrowing and potentially lower interest rates. Cons include the risk of losing your home if you default and the variable interest rate which can increase. HELOCs are not ideal for those with poor credit or unstable income. In 2024, consider your financial situation carefully before using a HELOC to avoid potential pitfalls.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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