Would you borrow in cryptocurrency? - page 12.

pant-79

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Quote from: maxitdev on April 07, 2019, 07:53:42 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.

pelumi20

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I don't think it is a good idea to borrow money to invest in cryptocurrency. And this is because every good investor will try to visualize the possible return on his investment and the pay back period for the investment. But the cryptocurrency market is very unpredictable and volatile, which means you cannot predict for sure whether your investment will do well not to talk of the pay back period. So if you go to borrow to invest in crypto and the to repay the loan is up but you have not made anything for the coin you invest in or the coin is doing bad that you can't even sell off, how do you intend to pay the loan back?
You will be in debt and might probably lose your valuable assets.

Beccaman

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Quote from: _Sergo on May 09, 2019, 07:59:41 AM

A cryptocurrency is in itself a very risky business, so if you also buy it with credit money, you can fly in at all without getting out. She has already fallen a year, and now she has been growing slurry for 3 months.

Now we need to be very careful with the cryptocurrency, because the market is very unpredictable, there are still bears on it and of course now you should not buy coins with credit money.

Kezacky

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Quote from: mace15 on May 08, 2019, 05:52:00 AM

Quote from: Kwansimaa on May 07, 2019, 05:12:44 PM

Never, i would not borrow in cryptocurrencies or would advice anybody to borrow money in the form of cryptocurrencies because cryptocurrencies are very volatile and could dump at any point in time.

I agree, cryptocurrency are very volatile and it is hard to borrow money for crypto. It is best to find alternative way that will benefited you in the end. Think many times before doing such action in crypto.

Yes, price fluctuations can be a big risk associated with borrowing crypto money, allowing you to experience large losses when the interest continues. I personally do not dare to take this action, I better borrow funds in the real world.

_Sergo

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A cryptocurrency is in itself a very risky business, so if you also buy it with credit money, you can fly in at all without getting out. She has already fallen a year, and now she has been growing slurry for 3 months.

haseeb ahmed

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It’s not a stable currency borrowing in crypto currency is a risk and luck also matters in this case. If you borrow at high price and then it goes down while returning the loan it’s good but I’d opposite happens than it will be a great difficulty to return money. I will never prefer it

Peruvyn

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It will depends on many factors which includes the terms of the lending, the reason why I desperately need to borrow it and the measure put in place for debt payments. Though I don't like borrowing but if the condition is good, I will surely do.

ininf

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Personally, I achieve not sign to adoption. It buoy be extremely speculative on crypto place to add the littlest. What whether the coin tor, so reverting ballplayer be heavy representing the borrower, whether it empties so the investor releases. Both groups get to decide on the designation, achieve they wish the loaning to be supported on the measure of the coins or the amount. I'd fairly recommend exchange in steady specie whether anyone is taking into consideration crypto adoption

Snowworker

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I assume 't anticipate I buoy danger that, it is method as well wild. This place is abundant with danger already undischarged to cost irresoluteness, instantly adoption in cryptocurrency desire be added matter on its have.

mace15

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Quote from: Kwansimaa on May 07, 2019, 05:12:44 PM

Never, i would not borrow in cryptocurrencies or would advice anybody to borrow money in the form of cryptocurrencies because cryptocurrencies are very volatile and could dump at any point in time.

I agree, cryptocurrency are very volatile and it is hard to borrow money for crypto. It is best to find alternative way that will benefited you in the end. Think many times before doing such action in crypto.

last7minutes

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Quote from: maxitdev on April 07, 2019, 07:53:42 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?

I am not ready to borrow cryptocurrency but I can lend it. If somebody asks me for a crypto loan, I might not refuse the guy. I think we both can get profits from this financial operation.

angrybird3591

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I think it will never. When borrowing a token or alt, do you and the lender trust each other? Why don't you take part in airdrop, bounty campaigns to earn a token. You can also invest in a little to buy alt.

tendenc

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I achieve not advise anyone gives representing cryptocurrency. It's a modern style, on the other hand I'm not fascinated in this pick. To take representing crypto is venturesome representing both you and the borrower as the crypto marketplace is highly fickle, and the cryptocurrency change ballplayer not be friendly. Thither is no appropriate pick representing these allowances. An ad-lib principle affirm you just require to move into crypto as continued as you let yourself to miss.

Kwansimaa

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Never, i would not borrow in cryptocurrencies or would advice anybody to borrow money in the form of cryptocurrencies because cryptocurrencies are very volatile and could dump at any point in time.

jpnl0008

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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.

endogan

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Quote from: nightl on May 07, 2019, 02:26:54 PM

taking loans is not for me at all.
I think we need to manage our own money without borrowing from anyone, especially in cryptocurrency

it's better to manage your own money if you have capital, if you think you don't have money, you have to join the Bounty program, but it requires patience and requires a long process so you have to be patient.
You can do anything and you can choose according to your abilities, so you don't have to borrow money at Crypto because you will have a big risk.

Olatunjex

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Quote from: maxitdev on April 07, 2019, 07:53:42 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?

Volatility is one of the features of cyrptocurrency, i will borrow with crypto has it being it's not highly volatile, i don't have any other reason why i can't borrow with it asides the volatility issue.

Idrisu

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Quote from: maxitdev on April 07, 2019, 07:53:42 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?

I think we can do that and many coins and tokens are into lending and many investors and traders are borrowing to invest. The only thing that I think we actually needs in cryptocurrencies market now is stability. If this markets is stable there is no way we are not going to used it for so many things.

nightl

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taking loans is not for me at all.
I think we need to manage our own money without borrowing from anyone, especially in cryptocurrency

rarkenin

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It is not easy to take a loan in cryptocurrency platforms and I am looking for more conventional options. First of all, collateral is required for taking a loan and it doesn't worth to give something valuable for taking a small amount of BTC.

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