Topic: Would you borrow in cryptocurrency? - page 16. (Read 42431 times)
If necessary, people will use this and I do not think that this is a bad idea, this is a normal idea, as far as I remember there was a project called MoneyToken, there’s about the same meaning, but I don’t know if people began to take loans
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 have heard about many projects and exchanges offering means of offering loan to people. I really don't know how it works although I would like to try it out though. If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
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 have heard about many projects and exchanges offering means of offering loan to people. I really don't know how it works although I would like to try it out though. If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
While the cryptocurrency will have high volatility, loans in it are subject to too much risk. Lending loves peace and quiet, and not a roulette, which will lead you nowhere. Lenders still set to receive stable profits.
We are still far from being confident in our digital currency. The market is oversaturated with bank offices ready to give you fiat so there’s a long way to go for borrowing in crypto.
Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.
exactly... for example, we borrow 1 Bitcoin when Bitcoin is priced at $ 2000 then the price of Bitcoin rises to the price of $ 5000, indeed our debt is only 1 Bitcoin but the value is far different, so I think borrowing in cryptocurrency is a bad idea.It's the same problem 3world countries have when they borrow in dollar terms, then their local currency tumbles and they owe the same amount of dollars, but a lot more in their local fiat currency.
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?
If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
Borrowing in crypto.. why not? In fact if you are margin trader, you are doing just the same, while trying to short-trade, right?
So, the idea is not new, it's quite common. 
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?
If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
If you are going to make a loan it is not good to do it in cryptocurrencies, because really at this time it is very likely to go down in price and when you go to pay it will be very difficult to do it since it will demand many more coins and it will be more difficult to find them ..
Now if the loan is long term, to years if you can borrow, because due to the current market that is in the accumulation phase, by spending a good time is likely to have reached the bullish trend stage.
Borrowing in crypto has pros and cons because when the value of bitcoin drop you can buy it with a low cost but when in high value maybe your debt was doubled too when it comes dollar value. That really not good idea but if you don't have any choice then you can lend bitcoin and close your eyes for possible losses.
I do not lend in Fiat money , not that in cryptocurrency , it is better not to lend in cryptocurrency , as it is fraught that you just do not return the money
I did not recommend crypto coin borrowing, except for small things. For example, your friend needs a little ETH for transaction fees. And at that time you have ETH with the right amount to send.
It would be better if you borrow in the form of other USD or stable coins, as long as there is no interest.
It would be better if you borrow in the form of other USD or stable coins, as long as there is no interest.
It is shear delusion. How can you borrow to invest in a market you hardly can control its movement. Cryptocurency is highly volatile and it is advised to always invest in it with spare funds
Borrowing in cryptocurrencies is not feasible because a person can borrow or loan a coin that is going to increase in price in the nearest future unless the borrowing is done with stablecoins.
However when borrowing is done in cryptocurrencies what will your collateral will be used to stand in case of you forfeiture of the this means that there has to be a relationship between crypto assets and real life assets for this type of transaction to be possible.
Additionally there are still not regulations in place to allow this to be possible so there is still a very long way before borrowing in cryptocurrencies can be possible.
However when borrowing is done in cryptocurrencies what will your collateral will be used to stand in case of you forfeiture of the this means that there has to be a relationship between crypto assets and real life assets for this type of transaction to be possible.
Additionally there are still not regulations in place to allow this to be possible so there is still a very long way before borrowing in cryptocurrencies can be possible.
Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.
exactly... for example, we borrow 1 Bitcoin when Bitcoin is priced at $ 2000 then the price of Bitcoin rises to the price of $ 5000, indeed our debt is only 1 Bitcoin but the value is far different, so I think borrowing in cryptocurrency is a bad idea.I also think that borrowing from cryptocurrency is not a good idea and later there will definitely be a problem at the end when you want to return it, it's better if you want to borrow real money and then buy crypto coins for investment.
so when you want to return it there will be no problem, because we return it with real money only.
Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.
Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying. You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.
Fluctuation risks could be at least somewhat mitigated by borrowing in a stablecoin or a basket of stablecoins. Maybe stablecoins are the future for cryptobanking. Who knows.
What would be the purpose of investing with borrowed or your very own money if you will just by stable coins? their value never change and you are likely to get exact amount with what you invested.
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?
If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
Cryptocurrency borrowing has long existed. Many exchanges are ready to give you leverage in trading. However, this is a very risky event. In case of unsuccessful trades, you lose both your money and those that the exchange gave you.
Therefore, it is better not to risk and not take credit money. It is better to slowly increase your capital in trading or investing.
Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.
exactly... for example, we borrow 1 Bitcoin when Bitcoin is priced at $ 2000 then the price of Bitcoin rises to the price of $ 5000, indeed our debt is only 1 Bitcoin but the value is far different, so I think borrowing in cryptocurrency is a bad idea.
Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.
Borrowing in cryptocurrency is something that will not be profitable because when they you will be ask to pay back, it may not be at your convenient time.
I don't think crypto is a good loan business with the current market situation. Getting to business with loan is risky and building a business with a crypto loan is very risky too.
Every business is risky and without risks everyone would get into this because the profit would be guaranteed. The thing is loan business is definitely more riskier that most businesses because this is the area where companies lose a lot of money. But as long as you are well organized and know how to manage your clients I don't see why this wouldn't work. Jump to: