i think crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto.
Lending in bitcoin is not a myth, or just another dystopia from greedy investors and financiers. Cryptocurrencies are the future of the entire financial system, which has already come and our task is to implement it in all spheres of human life. 
Topic: Hello crypto! Bye bye credits? - page 6. (Read 3144 times)
i think crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto.
That will be very soon in the future. But right now we have to face the truth that still not many stores, shops and restaurants are accepting crypto as a payment. Crypto is better than credits as its faster to send money globally. But its less secured because one has to take care of his own money not the banks.
if crypto is used as a material for loans, I think it will be difficult because there is no controller, there is no guarantee that can be accounted for, and even if Cripto is popular I think it will be difficult to get rid of debt or credit, because it has become a culture that is inherent and difficult to change
I think that these two systems will merge into one because it is unlikely that we will move away from loans etc.
I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?
If all the assets like land title and properties are already under blockchain technology, crypto loan is already easy and more convenient. All they have to do is to verify all your assets in blockchain and you will have your loan instantly. To take a crypto loan I think it is also like banking but it is very difficult because crypto does not have a stable price, and national banking will always run for the needs of the national community.
The benchmark may be when borrowing Cryptocurrency at the current price.
All of them must have an initial agreement between the money giver and the debt requester.
Hopefully in the future there will be even better things for this matter.
Loan in cryptocurrency would only be advisable if it stablizes in price but I don't see it happening for the next 5 years. We still would do loan with banks and credits too. That possibility is still very far before it becomes reality because of many complications.
There are not so many complications. If we briefly analyze, there are two main problems: ananimity of the owner of the cryptocurrency, as well as strong volatility. It's worth it to explore that
Loan in cryptocurrency would only be advisable if it stablizes in price but I don't see it happening for the next 5 years. We still would do loan with banks and credits too. That possibility is still very far before it becomes reality because of many complications.
Saying that fiat banking system will vanish, truly is a thing that would not occur this isn't on the grounds that fiat managing an account framework is utilized to dominant part nor is it in light of the fact that bitcoin can not really surpass the bank. Indeed bitcoin doesn't really need to supplant the bank to proof it's matchless quality.
The risks and benefits are comparable, with this uncertain price is very potential with a very high risk especially if someone doesn't have enough knowledge. The solution from me is to play with your own capital even if just a bit.
i have never considered about loan in crypto, seem like difficult and hard to process.
its really hard to determine how much value you will pay in future. Crypto is not really good and not fit for loan. But many project are trying to make a loan in cryptocurrency real. Maybe in future it would be possible. When developments look very fast a while ago then we dare say goodbye to credit cards, but when the market continues to drop like now then we have to wait even longer to declare the credit card disappear.
You know for sure that the market of Fiat currencies from time to time there are defaults and currency depreciates. Any economic model has periods of decline and this is normal. The cryptocurrency is the same.
Big Banks and governments are now aware about threat from Bitcoin and blockchain. They are still preparing to adopt change. Today, banks like JPMorgan and Goldman Sachs are experimenting with blockchain technology and cryptoassets. The core problem of these large-scale attempts to reproduce the power of the distributed ledger is that it might be too little, too late. The model of a new world of banking and credit is already revealing itself.
When developments look very fast a while ago then we dare say goodbye to credit cards, but when the market continues to drop like now then we have to wait even longer to declare the credit card disappear.
For my conclusion is somewhat hard to make credits in crypto, in light of the fact that the cost of coins is never the same or shaky. Perhaps it could be given a crypto credit in the event that you tie the advance sum into a solid authority cash and pay in like manner on an equivalent advance. In any case, it can happen, I'm the one content with that, cause I'm worn out with credit.
That's right. It is best that any cryptomonet blya is tied to any Fiat resource - for example, to the dollar or, for example, a gold bullion. You can also use such as oil or securities. They are more confident to stay in the market. I think credit will always exist, look at this bear market for example. Now there are companies giving out crypto loans to crypto holders so they can put up their Bitcoin or ETHER as collateral and take out loans so they can survive without having to liquidate all their holdings. I am also in this situation whereby I might have to take out a loan to be able to survive the next few months in order not to liquidate the small holdings I have left that are now almost non existent. So crypto will now also have a lending system in place, just like normal banking instruments do.
It is not clear how this system will regulate the moment of cryptocurrency volatility on exchanges and markets. You can take a loan and tomorrow the price of the coin will fall several times and then there will be many questions and problems with the loan repayment. I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?
Crypto currency has started to be used in other transactions like in the payment systems. If we talk about loan in crypto currency, I think it is a bit difficult since almost all of us here are using pseudonym. There is no guarantee if credits will be paid.I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?
Yeah it is better than credit or even paypal i guess for it will just create a good and cheaper transaction fee. This is why that getting a good system like cryptocurrency will make other system look bad so this one is an example that having cryptocurrency system will take other people to turn away their heads on credits. No matter how big cryptocurrency goes in the future time and tries replacing the bank sector, it won't be able to do it because the banking sector would always remain in the scene because people always require loans and various things for various things so what would happen is that the banking sector would adapt to the use of CryptoCurrency. That's what has to be done to survive, adapt. But giving loans through cryptocurrency would require some higher authorities to regulate it I suppose.
Of course, banks are the main institution of any financial system (except cryptocurrency of course) and the only way to survive in the world of developing technologies is full and timely adaptation. No other options. Jump to: