Increasing your DHT levels will not cause you to go bald unless you are already predisposed to losing your hair from MPB (male pattern baldness). In which case, you're going to lose your hair eventually either way. Men suffering from MPB are sensitive to even normal levels of DHT [1992].
Whether increasing your DHT levels will accelerate hair loss remains to be seen and cannot be answered at this time.
Why we Bald
There are 4 phases of hair growth: Anagen (growth) → Catagen (transition) → Telogen (resting) → Kenogen (death).
Our findings suggest that the old concept of hair miniaturization as the sole possible cause of baldness is hardly tenable. In fact, baldness is an ambiguous term that includes two distinct phenomena: the progressive hair softness ladies complain of when they have their hair done, and the areas of hair rarefaction (lessening of density). If hair miniaturization explains the first feature, the kenogen (death phase) hypothesis seems more likely to explain the second. The increased duration and frequency of kenogen are the real mechanism through which the scalp hairs rarefy.
Both frequency and duration were greater in the patient in whom Androgenetic Alopecia (AGA) was more severe. The prevalence of kenogen (death phase) hairs increased in parallel with the growing number of vellus hairs and the diminished number of normal hair cycles, features that both mark the AGA aggravation. In balding males, kenogen was observed to last 4–7 months and to affect 80% of all hair cycles.
Over time, with progressing Androgenetic Alopecia (AGA), the number of hairs that go “on vacation” (kenogen phase) increases, probably even years, causing a small area of hair rarefaction (lessening of density) to develop. Ultimately, the confluence of such areas produces human baldness. [2019]