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Topic: Would you borrow in cryptocurrency? - page 11. (Read 42465 times)

newbie
Activity: 36
Merit: 0
May 11, 2019, 01:47:44 AM
I harbor 't still, on the other hand I approach over any much utility which allows to you accept cryptocurrency, and normally irresoluteness doesn't thing as in nearly casings measure doesn't numeration in usd designation. Similar add, any servicing desire consecrate you 0.15 btc credit and you get to reward 0.16 btc ( credit measure + involvement ).
full member
Activity: 491
Merit: 100
May 11, 2019, 12:52:51 AM
With the volatility in cryptocurrency at the moment its totally wrong to borrow money and invest in it, as you could loose a huge Chunk of it in the case of an unexpected bear market
member
Activity: 1204
Merit: 38
May 10, 2019, 10:11:22 PM
I am interested in opinions about borrowing in cryptocurrency.
If a cryptocurrency will have low price volatility, then would you borrow in that token?

If not please tell why?
no I am not doing that and I also not interested on that because everyone had a wish to becoming rich but my thoughts are always going to live better life not about rich that's why I don't have the interest about borrowing the money.
member
Activity: 403
Merit: 10
May 10, 2019, 08:54:57 PM
As far as I have been in crypto , I have not heard or encountered  that there are peoples who are offering loans in crypto currencies. If indeed that there are people like this who offer loans in crypto currency then this is a great breakthrough because it can provide capital to those financial is limited.
jr. member
Activity: 837
Merit: 1
May 10, 2019, 06:36:26 PM
Like you rightly stated, volatility. Volatility is one of the issue limiting the crypto space from reaching mass adoption. Since this is pertinent in the crypto space, in my own opinion it is not right borrowing in cryptocurrency as it is very risky.
full member
Activity: 826
Merit: 103
May 10, 2019, 05:13:20 PM
I am interested in opinions about borrowing in cryptocurrency.
People rarely borrow a crypto currency because of its crazy volatility, many tokens are vulnerable to unpredictable price fluctuations, it is too risky to borrow in a crypto market.

Imagine if you borrow in a certain cryptocurrency that is quite illiquid, and that just before the due payment date someone decide to pump it hard, resulting in you owing a lot more and getting burned.
hero member
Activity: 2128
Merit: 520
May 10, 2019, 02:00:19 PM
I am interested in opinions about borrowing in cryptocurrency.
People rarely borrow a crypto currency because of its crazy volatility, many tokens are vulnerable to unpredictable price fluctuations, it is too risky to borrow in a crypto market.
With that volatility you can't predict how your barrow crypto will be in returned, but not to convert it into fiat value it's still the same amount of crypto that you lend and you need to repay, if you'll going to use it to something that profitable like trading or investing to good project chances to grow that lend money is always possible.
hero member
Activity: 1460
Merit: 573
May 10, 2019, 01:27:43 PM
I am interested in opinions about borrowing in cryptocurrency.
People rarely borrow a crypto currency because of its crazy volatility, many tokens are vulnerable to unpredictable price fluctuations, it is too risky to borrow in a crypto market.
sr. member
Activity: 938
Merit: 250
May 10, 2019, 01:15:54 PM
Borrowing is a turn off for me; so why borrow ?

Crypto currency at large offers so much more than just borrowing
We need to recognize that borrowing to invest is a bad decision
Borrowing is a turn off for me; so why borrow ?

Crypto currency at large offers so much more than just borrowing
We need to recognize that borrowing to invest is a bad decision
the choice and mind of a person is different, borrowing in cryptocurrency in my opinion is not a problem as long as we are optimistic and able to return it. surely if we don't have anything and want something one way is to borrow.
jr. member
Activity: 377
Merit: 1
"AMANPURI●ultimate exchange"
May 10, 2019, 01:15:49 PM
I think Crypto coin loans are not effective for making profits. I better use my own capital to buy Crypto coins. So if the price of the coin I bought rose and got a profit, of course, this is my pride. Trade requires a good strategy so you must be able to take advantage of every opportunity that exists.
jr. member
Activity: 546
Merit: 4
May 10, 2019, 12:46:54 PM
Borrowing is a turn off for me; so why borrow ?

Crypto currency at large offers so much more than just borrowing
We need to recognize that borrowing to invest is a bad decision
member
Activity: 512
Merit: 11
May 10, 2019, 12:40:29 PM
It's better for me to be a bounty hunter than to borrow coins or tokens at low cost and can make me addicted. From what we know that it is better to develop our coins without having to borrow anything because it is still unclear and there is still a lot of fraud. Being vigilant is needed and might help investors to adopt good tokens.
one way or another, nicknameing for their heads earns cryptocurrency by their work, and no extra money is needed.  Perhaps the coins earned in this way are not hard to lose, but this seems only at first glance, only for those who do not respect their work.  but in other ways, for the time being, I don’t risk working in this field.
full member
Activity: 686
Merit: 100
May 09, 2019, 12:03:50 PM
It's better for me to be a bounty hunter than to borrow coins or tokens at low cost and can make me addicted. From what we know that it is better to develop our coins without having to borrow anything because it is still unclear and there is still a lot of fraud. Being vigilant is needed and might help investors to adopt good tokens.
full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
May 09, 2019, 11:44:58 AM
I am interested in opinions about borrowing in cryptocurrency.
If a cryptocurrency will have low price volatility, then would you borrow in that token?

If not please tell why?
Borrowing cryptocurrencies has a sense when price is low. Imagine that you borrow cryptocurrencies now, for example 1BTC. You get 1 BTC and you will have to pay 6000USD in the future. But if Bitcoin price grows, you still have pay only the amount what you borrowed in FIAT.  Smiley
legendary
Activity: 2744
Merit: 1288
May 09, 2019, 11:42:07 AM
I am interested in opinions about borrowing in cryptocurrency.
If a cryptocurrency will have low price volatility, then would you borrow in that token?

If not please tell why?

You always need to borrow in currency in which you are getting income. If your salary is in CHF you should get debt in CHF if it is in Bitcoins you could take debt in Bitcoins.

You can take loan here in USD, but you back it up by crypto: https://coinloan.io/   Bitcoin, Monero, ....
copper member
Activity: 462
Merit: 10
May 09, 2019, 11:02:53 AM
I have been seeing this concept lately but am yet to figure out how it works. Although I joined a new project who have this lending features and they explained that they only lend to business owners and not individuals who want to borrow to buy a car
copper member
Activity: 409
Merit: 0
May 09, 2019, 10:32:50 AM
I have never borrowed, because volatility is very difficult to predict and I don't want risk in the future, and I prefer to use my own capital even though it's not too big.
full member
Activity: 432
Merit: 100
May 09, 2019, 10:29:51 AM
I wouldn't say I wont borrow because sometimes, borrowing  ecomes the last spurce of hope for a purpose. However, I will  borrow only when the amount and the interest will be calculated in dollar equivalent.
hero member
Activity: 1470
Merit: 504
May 09, 2019, 10:28:26 AM
borrowing in crypto cryptocurrency is indeed just like selling your future for the now which may not be the equivalent value. if you borrow in crypto and the value appreciates in the near future. then you start giving regrets. it ain't nice.
this is very risky to make a loan and we do it for investment in cryptocurrency. we do not need to force to invest because of course this is very detrimental to ourselves. we don't know whether it's profitable or not
sr. member
Activity: 644
Merit: 250
May 09, 2019, 10:18:02 AM
I am interested in opinions about borrowing in cryptocurrency.
If a cryptocurrency will have low price volatility, then would you borrow in that token?

If not please tell why?
Of course an important role is played by the percentage under which the debt will be. Perhaps for some people it will be beneficial.
As for me personally, I'm opposed to borrowing. Because any debt must be paid. And in general, I used to rely only on my own strength and resources.
I agree.  You are right you need to rely only on yourself.  In general, in the world of cryptocurrency can not play with credit money.  And borrowing is also not worth it.
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