Topic: Is it possible to use bitcoin as a medium for collateral? (Read 417 times)
Yes bitcoins can be used as a collateral and there are more possibilities for the price of bitcoins to increase 2000% more than the current value before the next halving which will be by 2020 causing for the rise in the price of bitcoins in the cryptocurrency world. May be in the future the bitcoins will be accepted as a means of collateral like gold when banks accept bitcoins.
If someone will offer me this I'll definitely be going to accept it, bitcoin will always go up and this is for me the best collateral much better than gold or gadgets I hope there will be an application like this, where people can make a loan and use Bitcoin as collateral.
I think no one use Bitcoin to collateral because this seems to be quite risky because bitcoin is an asset that can increase prices very quickly and strongly, and with our greed and understanding, I don't think we will return the bitcoin that others use to collateral, especially when the price of bitcoin increases, everyone will definitely sell all collateral and become a scammer. Even if they don't have scams, everything is still inconvenient, so if this service appears, I don't want to use it either. 
I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
other banks nowadays are now teamed up with crypto therfor its safe to say that these kind of banks are also accepting bitcoin as colateral . bitcoin is a currency a legal currency that has a big value , so how can they manage to ignore it ? they dont think that bitcoin is a scam but they think that bitcoin is rival to their business .
will take place after more new investors showing up, bitcoin already have its own identity and the value already gained attentions around the
world, so for sure it will be a good collateral.
If someone will offer me this I'll definitely be going to accept it, bitcoin will always go up and this is for me the best collateral much better than gold or gadgets I hope there will be an application like this, where people can make a loan and use Bitcoin as collateral.
I think, it is possible but i may not do that because it not a fix price. What if the price appreciate or what if it depreciate. All this should be considered .
Lending services were available around the forum, but those were in exchange of bitcoin submitting collateral. Bitcoin too will be considered as a collateral, but people who has got some amount in bitcoin to give as collateral will never go get from lending services as they itself have funds.
I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
other banks nowadays are now teamed up with crypto therfor its safe to say that these kind of banks are also accepting bitcoin as colateral . bitcoin is a currency a legal currency that has a big value , so how can they manage to ignore it ? they dont think that bitcoin is a scam but they think that bitcoin is rival to their business .
I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.
Yes, we can certainly use Bitcoin as a medium for collateral but I don't think that we have a better solution to do it in an automated way. As of now, we can execute it manually if we are expecting effective execution of the entire transaction. I don't have much trust in the stable coins because the value of a good coin should be determined based on the law of demand and supply.
..I think it is probably possible when the right time comes..if it will be implemented now, i think this would become very tricky to the two parties because the volatility of Bitcoin value is inevitable..if Bitcoin will going to have a stable price, then there were no problem arise..Bitcoin is purely investment,if it is used as collateral,,then there were thorough discussions between the lender and and the borrower.
Perhaps, it will certainly be possible. If the borrower and the lender agreed upon each other. But if i were the lender and bitcoin's situation right now is not good, then I think I will give think twice before accepting it as a collateral.
bitcoin is available as collateral, ofcourse also because each of us has his own opinion and for me why not, if the price of a bitcoin is stable and besides many people who do not believe and know about a bitcoin, except for those who know it. in those circumstances for me I would accept that if a bitcoin is just comfortable and I can use it in any way so I can try bitcoin not only available in one exchange but also be used as a collateral way.
Yes it is obviously possible to use bitcoin as a medium of collateral but I must suggest there should be a need to employ the services of a very trusted escrow
Stable coins are nothing but scam coins, centralized coins are what people refer to as stable coins which
Are nothing but scam mate, exchanges make their own centralized coins to do exactly what you intend to
Do, to take money from people and giving them something with no value, true value is what Bitcoin has
Not the stable coins like what you mentioned. using Bitcoin as collateral is not a wise decision to make.
The value of Bitcoin or what people are used to call it as the price is not stable in a manner to make it
Feasible for a long term contract. maybe if the borrower could consent to have his or her fiat based money
Change value as the price of Bitcoins held in a collateral contract to also change value, yes of course
That could work.
Are nothing but scam mate, exchanges make their own centralized coins to do exactly what you intend to
Do, to take money from people and giving them something with no value, true value is what Bitcoin has
Not the stable coins like what you mentioned. using Bitcoin as collateral is not a wise decision to make.
The value of Bitcoin or what people are used to call it as the price is not stable in a manner to make it
Feasible for a long term contract. maybe if the borrower could consent to have his or her fiat based money
Change value as the price of Bitcoins held in a collateral contract to also change value, yes of course
That could work.
it is possible, but only if this system uses only cryptocurrency and there is no other coin involved
It is possible to use bitcoin as collateral if the following is obtainable:
1. bitcoin is stable to a reasonable extent.
2. If the keys to the wallet is secured
3. Acceptability of bitcoin in certain countries
4. Technology behind bitcoin is well understood by the parties involved.
5. etc.
1. bitcoin is stable to a reasonable extent.
2. If the keys to the wallet is secured
3. Acceptability of bitcoin in certain countries
4. Technology behind bitcoin is well understood by the parties involved.
5. etc.
1. most of the times bitcoin is either stable or rising slowly
2. when you use bitcoin as collateral you send it to the other party, you don't give them a wallet with the keys!
3. that is no required at all because bitcoin is decentralized and it is supposed to work without needing "acceptability"
4. in order to use or accept bitcoin you don't need to understand the technology behind bitcoin just like you are using a million different things in your life that you don't understand the technology behind them.
I believe so because it has value. Anything that has value cv an be accepted it just depend on the location it the country is friendly to use of cryptocurrencies
bitcoin is very likely to be a collateral fund now because the value of bitcoin is promising even though it is still vulnerable to falling prices and bitcoin has its own price for fund owners like other valuable assets
It is possible to use bitcoin as collateral if the following is obtainable:
1. bitcoin is stable to a reasonable extent.
2. If the keys to the wallet is secured
3. Acceptability of bitcoin in certain countries
4. Technology behind bitcoin is well understood by the parties involved.
5. etc.
1. bitcoin is stable to a reasonable extent.
2. If the keys to the wallet is secured
3. Acceptability of bitcoin in certain countries
4. Technology behind bitcoin is well understood by the parties involved.
5. etc.
And on the contrary, I think that it is quite possible if both parties to the contract agree that the electronic currency has unstable value and accepts this risk. Another thing is that if one of the parties decides to violate the terms of the contract, then it is practically impossible to force it to fulfill its obligations.
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