for them to be able to borrow for futures trading they will have to own some first which means they first have to buy. 😀
This is not about margin borrowing, op talked about futures trading and you need to transfer usdt to start shorting any coin.
the reason why they think its too late to buy is because of the price of BTC. 63k for 1BTC is really heavy for someone. they have not learned about BTC while its cheap or they were confused because they thought BTC was scam since the media made it appear as scam.
Media misrepresented btc everywhere as a ponzi.
Even when scammers took the advantage of crypto, media showed that btc was such type of cryptocurrency that moves out of your wallet without your consent and a scammer can easily scam you as the security is weaker. I don't think it is the btc price that stops anybody to buy, but their inverse mentality. Those traders started thinking since 2011, "Oh my gosh! Btc is $30? This is very high and it will die soon."
"So, crashed? I told you, this won't be in the markets for long time."
Then came traders from 2013, then 2017 and now.
If they will keep thinking and won't take risky decisions, they will not even short due to lack of courage and discouragement from others too about its price and bull run ending and again, a fall. I have a tip (not a financial advice) for traders, either buy and make money this bull run or wait till the next 4 years to get a chance again.