Would you borrow in cryptocurrency? - page 2.

SistaFista

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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 it is ok to borrow money in a form of cryptocurrency.
The problem in cryptocurrency is, the price is volatile. For example you borrow ETH at $260, and 1 month later the ETH price increased to $300,
your debt will be higher than your borrowed ETH. It will be better if we borrow in a form of stable cryptocurrency.

coino.org

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I have done it already, borrowed some bnb just to participate in lottery. You know, it is a hard feeling when you owe money in something fluctuating like this altcoin, it can easily be pumped , then I got recked

djgtr

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Quote from: Baimovic on June 19, 2019, 12:42:12 PM

Quote from: inge on June 17, 2019, 12:32:11 PM

I would not advise anyone and I never borrowed a cryptocurrency because it is very risky and because the cryptocurrency is rather unstable and it’s best to avoid such moments.

but in my opinion sometimes we need to do that because sometimes we have to take risks if we want to succeed.
For example, in our environment, there are many successful entrepreneurs even though they start their business with loan money.

Having loans using crypto has no assurance to sustain because it's more volatile compared to btc. Altcoin has no stable and regular active community, because it was dependent to the top coins exchange like btc and ethereum. These two coins has a good performance with respect to market capacity, that's why if I prefer borrowing I should choose physical money so I could by btc or eth directly.

Yalovtsev

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Generally someone that is to give loans not good,then your money does not get back,or how long you wait,and it's very frustrating,and another Nizwa prices to give the token,and then he grows up,he will tell you that I took on course such and such will give,and you're a profit will lose(

Baimovic

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Quote from: inge on June 17, 2019, 12:32:11 PM

I would not advise anyone and I never borrowed a cryptocurrency because it is very risky and because the cryptocurrency is rather unstable and it’s best to avoid such moments.

but in my opinion sometimes we need to do that because sometimes we have to take risks if we want to succeed.
For example, in our environment, there are many successful entrepreneurs even though they start their business with loan money.

Mezihn

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I would just accept in cryptocurrency whether I would get confirming in crypto furthermore. I you adopt in crypto and that resources goes skyhigh, you essentially be beholden to even many in order. It's similar request would you appropriate in golden.

inge

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I would not advise anyone and I never borrowed a cryptocurrency because it is very risky and because the cryptocurrency is rather unstable and it’s best to avoid such moments.

Bladebinder

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Exactly, I would adopt in crypto, on the other hand I would apply days to dodge hazard. You recognise, crypto is superintendent capricious and it buoy simply increase. Added great instruction is obtain in steady crypto, similar BTC.

fauzan123

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Quote from: cepot9 on June 17, 2019, 11:59:51 AM

borrowing for me is the riskiest because when we borrow, we must also be able to return it, this is even riskier than investing in ICO projects for me.

for me a loan without returning will occur at high risk before borrowing we must have a mind forwards and I will certainly have tough rules so I agree with you that higher risk of loan than ICO investment

Budor

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adoption should always be finished in steady resources, just it is not proper to take to capture adopt in gaming resources. thither are any propose which are excavation who propose credit on the other hand it should not be entranced or you should entranced just in shape whether they obtain measure is entranced in decree measure not in various crypto measure.

cepot9

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Cryptocurrency addict | Invest at your own risk.

borrowing for me is the riskiest because when we borrow, we must also be able to return it, this is even riskier than investing in ICO projects for me.

GreatWhip

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Representing instantly no person like to achieve that. Adoption in cryptocurrency. As what I recognise instantly is loaning cash on-line. As, instantly thither are various situations in the on-line planet. Then thither are various location to refer to cash on-line. I get never seen adoption in the planet of cryptocurrency.

mr_random

legendary

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Quote from: Coroline on June 16, 2019, 05:36:34 AM

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 the price of cheap tokens is not a problem because if you want to borrow the way you want, the token will adjust your loan no matter how much the price of the token

The cheap token will not also give you a good return in the investment but borrowing it is intelligible. The BTC borrowers should pay double amount of whichever amount they get in the hand at first. It is like playing with fire in such a case. The dollar value of Bitcoin doesn't stay at some range, borrowers should think twice.

dobolspeed3

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Quote from: Golstrim on June 16, 2019, 07:40:00 AM

I would borrow crypto, but I would leave a crypto collateral. In this case growth of crypto could compensate me profit.
Also I borrow crypto as a leverage for trading

I am still confused about what crypto is like? Because we want to borrow crypto and the guarantee is crypto. So just been thinking about how it was, when we wanted to borrow but the guarantee was the same as crypto. Can you explain to me how the crypto is guaranteed.

joshy23

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Quote from: shadowdio on June 16, 2019, 07:06:57 AM

me nope, I'm not comfortable borrowing cryptos because it is really risky, what if the price never go up, what if bearish market will happen again so it is bad idea borrowing cryptos.

In what we are seeing right now crypto is keeps moving forward, also a reason why it's hard to barrow crypto as the value can rise higher than the previous lend that you did, you need to pay extra in it's Fiat value especially when you used it personally and not being used to your crypto business.

roosbit

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Random coins :)

Borrowing in crypto is not a problem but the volatility as mentioned makes it an issue as this could get expensive to payback or could be a loss on the lenders side, unless conditions of paying back at the dollar rate that might protect everyone in this transaction.

Quote from: Golstrim on June 16, 2019, 07:40:00 AM

I would borrow crypto, but I would leave a crypto collateral. In this case growth of crypto could compensate me profit.

Rules of surviving the money market, no collateral no loan

Golstrim

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Margin Trader

I would borrow crypto, but I would leave a crypto collateral. In this case growth of crypto could compensate me profit.
Also I borrow crypto as a leverage for trading

zzortyx

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In normal everyday life, I would not borrow in cryptocurrency to pay for ordinary goods and services. Such borrowing is probably relevant for players of crypto-currency exchanges.

shadowdio

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Zawardo

me nope, I'm not comfortable borrowing cryptos because it is really risky, what if the price never go up, what if bearish market will happen again so it is bad idea borrowing cryptos.

goaldigger

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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 have never experienced borrowing a cryptocurrency but i think its based on the contract that agreed upon. Im sure the base fare would be the current crypto value. For example, if i loan $1000 of ETH payable for 3 months, either the value increase or decrease, i would still pay exact amount.

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