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. 
Topic: Would you borrow in cryptocurrency? - page 17. (Read 42438 times)
Such platforms are quite interesting because they will find their users anyway. I think that many people would like to use crypto borrowing, so I support such projects.
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.
As long as I join a crypto currency, I have not heard that there are parties offering loans in crypto currencies. If indeed there are parties who offer loans in crypto currency then this is a great breakthrough because it can provide capital to those who have financial limitations. If indeed there is borrowing in the form of crypto currency then I am one of those who will take advantage of this convenience. Besides that, I hope there are also those who offer crypto currency insurance. In this very volatile crypto currency, insurance is an option to guarantee our crypto currency.
What cryptocurrencies would be best suited for such an business? Or would it even matter if you were to borrow in BTC, LTC, ETH or any of the bigger cryptos out there.
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As long as I join a crypto currency, I have not heard that there are parties offering loans in crypto currencies. If indeed there are parties who offer loans in crypto currency then this is a great breakthrough because it can provide capital to those who have financial limitations. If indeed there is borrowing in the form of crypto currency then I am one of those who will take advantage of this convenience. Besides that, I hope there are also those who offer crypto currency insurance. In this very volatile crypto currency, insurance is an option to guarantee our crypto currency.
What cryptocurrencies would be best suited for such an business? Or would it even matter if you were to borrow in BTC, LTC, ETH or any of the bigger cryptos out there.
As long as I join a crypto currency, I have not heard that there are parties offering loans in crypto currencies. If indeed there are parties who offer loans in crypto currency then this is a great breakthrough because it can provide capital to those who have financial limitations. If indeed there is borrowing in the form of crypto currency then I am one of those who will take advantage of this convenience. Besides that, I hope there are also those who offer crypto currency insurance. In this very volatile crypto currency, insurance is an option to guarantee our crypto currency.
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.
Well, lets just think about borrowing in for instance BTC, you invest that borrowed amount in fiat account, BTC drops, you buy back BTC at lower price and pocket the profit.
Crypto is an asset that tends to go up in value. When you borrow something that increases in value you have to pay back more interest.
That doesn't make borrowing crypto to spend it on things you need like cars and houses a good idea but it's still a good idea if you're using it to get more crypto.
There are also great moves like borrowing a shitcoin that goes down in value and using it to buy a better one.
That doesn't make borrowing crypto to spend it on things you need like cars and houses a good idea but it's still a good idea if you're using it to get more crypto.
There are also great moves like borrowing a shitcoin that goes down in value and using it to buy a better one.
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?
there is no need for me till you like the situation is happening but no one will say I don't want money everyone needs money but but the the position and his normal life mein der person to borrow the cryptocurrency. If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
Borrowing itself is pretty risky but as a gambler and lender for it i can tell it can go pretty ugly for both sides on an upward trend in price. For example i had a total of 1000 usd taken as loan which at the 19990 ath was around 30000 usd.
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?
Whenever I never borrow any crypto and Bitcoin in this business industry. It is too risky if you do it here, they will ask for sure a collateral
from you which is not good. So if I were you don't you ever try do it, due to it can wreck you in the end believe me on that things mate.
If the price volatility is actually very low and is almost stable in price, then yeah I guess people won't hesitate to borrow funds using crypto currencies. In fact its going to be extremely easy for them to borrow money in terms of crypto currencies. Just few clicks and it's done. I know trust would be an issue over here, but then again, involving a third party institution means you will be sacrificing financial freedom.
The case would be different if the prices were extremely volatile. The complexity of giving loans would increase.
The case would be different if the prices were extremely volatile. The complexity of giving loans would increase.
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?
Whenever I never borrow any crypto and Bitcoin in this business industry. It is too risky if you do it here, they will ask for sure a collateral
from you which is not good. So if I were you don't you ever try do it, due to it can wreck you in the end believe me on that things mate.
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?
I don't like to borrow in cryptocurrencies even in low prices. I prefer on my own ability rather than borrow for any crypto investment. I have small capital and i depend on it.
Cryptocurrency is a high risk investment, borrowing in Cryptocurrency should be for the learned and very experienced, a lot of persons have burnt up their capital in crypto and if one is very naive and have very little knowledge about this space, such is likely to happen. Personally, I have never done such despite how long I have spent here and the it is similar reason I avoid margin trading in bitmex
I don't think borrowing is a new thing. Currently a coin does that though more like loans. I will only borrow BTC or ETH as they are major indicators. For NExo giving out crypto loans, you'll need to deposit all your tokens with them and you'll borrow a loan that's within the worth of the total sum of your crypo portfolio.
A lot will depend on how much volatility there is, because there are opportunities to simply take money in time and then not give anything back, because cryptocurrency has risen in price. This is very cool.
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?
Whenever I never borrow any crypto and Bitcoin in this business industry. It is too risky if you do it here, they will ask for sure a collateral
from you which is not good. So if I were you don't you ever try do it, due to it can wreck you in the end believe me on that things mate.
Borrowing in cryptocurrency could be very risky considering the volatility of the market and the fact that you will have to pay interest on the amount borrowed which may be compounded, depending on the agreement. My advice is to only use your extra funds or an amount you don't need for a long time.
A loan'c service is a voracious pit. I think that at this stage a cryptocurrency loan will not bring any profit to either the lender or the borrower. Let me give you an example of fiat:in the countries with unstable economies it isn't recommended to take a dollar loan even in banks.
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