Topic: Would you borrow in cryptocurrency? - page 21. (Read 42438 times)
if you want to longtime just buy a cheap token and hold on your pocket, so this be better maybe need 2-5 year start from now,but if you lucky just need 1 year and then you got large profit.
No one can predict the future of cryptocurrency and even a specific token. But I’m sure that it will develop and grow despite government bans. Therefore, I think that no one will give away cryptocurrency loans.
You can't say exactly what will happen in 10 years. But you can predict that USDC price will next week 1$, simply because it is designed that way.
And you can code a token - may be you not, but for example, I can - with mechanisms that limit its volatility.
Read about the concept of Maxit
https://www.maxicreditcompany.com/whitepaper.pdf
https://www.maxicreditcompany.com
Borrow in Crypto I don't think I will do that no matter how desperate I might be but I heard people are actually doing it and they do will provide whatever the render request for to be able to borrow
I would only borrow in cryptocurrency if I would have collateral in crypto also. I you borrow in crypto and that asset goes skyhigh, you basically owe much more in fiat. It's like asking would you borrow in gold.
For now nobody seems to do that. Borrowing in cryptocurrency. Because what I know now is lending money online. Because, now there are many developments in the online world. Therefore there are many places to borrow money online. I have never seen borrowing in the world of cryptocurrency.
It happens mate, you can even check a section of this forum where it’s being done, people are borrowing cryptocurrency for whatever reason they need it for and they get it easily provided they are able to meet up with the collateral that the lender request for.The other one you talk about, people have cryptocurrency and cannot afford to lose it because of their urgent need, so they borrow fiat and use their cryptocurrency as collateral too if it is more than enough to stand as collateral, but me personally, I don’t like such things as borrow, I wouldn’t take any chances.
No one can predict the future of cryptocurrency and even a specific token. But I’m sure that it will develop and grow despite government bans. Therefore, I think that no one will give away cryptocurrency loans.
I have never done this. And also not sure if I will in future.
Even if someone wants to borrow cryptocurrencies, there is no such system available at the moment. Even if it is available, not sure if someone can trust on it. One can borrow from his/her friends but not sure what will be the situation if coin price goes down or high.
There are some exchanges, soon will launch cryptocurrencies loan system.
It will be interesting to watch then.
Even if someone wants to borrow cryptocurrencies, there is no such system available at the moment. Even if it is available, not sure if someone can trust on it. One can borrow from his/her friends but not sure what will be the situation if coin price goes down or high.
There are some exchanges, soon will launch cryptocurrencies loan system.
It will be interesting to watch then.
Actually, you can predict the volatility of a currency - also a cryptocurrency - if you know the forces, which are setting the price of it.
If a cryptocurrency has built-in mechanisms which limit their volatility it can be much easier to predict what will happen with its price.
Read about the concept of Maxit:
https://www.maxicreditcompany.com/
https://www.maxicreditcompany.com/whitepaper.pdf
If a cryptocurrency has built-in mechanisms which limit their volatility it can be much easier to predict what will happen with its price.
Read about the concept of Maxit:
https://www.maxicreditcompany.com/
https://www.maxicreditcompany.com/whitepaper.pdf
One can't predict the volatility of a token. I don't think borrowing in cryptocurrency is a very good idea because of the volatility of the crypto market. However, you can try one.
Do you mean cryptocurrency crediting? If so, then I think the financial market is not yet ready for this, and in private it is not fair to both parties to the loan agreement.
Yes, I mean lending in cryptocurrency, of course in such crypto, which has low volatility.
Why wouldn't it fair to the parties?
Do you mean cryptocurrency crediting? If so, then I think the financial market is not yet ready for this, and in private it is not fair to both parties to the loan agreement.
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?
You can't pre-determine if a token price would be volatile or not, expect it is a Stable coin and I don't think you are talking about stable coin, for now I prefer to borrow in Ether as against Bitcoin because I don't see Ether repeating the 2017 run and expect BTC to outpace it long term. Also remember that volatility is one of the main characteristics of this space
read our White paper:
https://www.maxicreditcompany.com/whitepaper.pdf
a token doesn't need to follow the concept of stable coins to have a stable price
In our project - https://www.maxicreditcompany.com/ - we eliminated the risk of price volatility. So borrowers won't need to afraid of paying more as they expected.
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?
You can't pre-determine if a token price would be volatile or not, expect it is a Stable coin and I don't think you are talking about stable coin, for now I prefer to borrow in Ether as against Bitcoin because I don't see Ether repeating the 2017 run and expect BTC to outpace it long term. Also remember that volatility is one of the main characteristics of this space
Cryptocurrency loan can be very risky because of the high volatility of the ceypto market, I have never involve my self in borrowing before but I hard experience from this forum how the loan and borrowing process goes but I must say it a very risky thing to do at this moment cause you might lost everything and become indebted for life due to market crashed and failure to service your loan which will have accumulate lots of interest.
I wouldn't. It is very volatile and it can reach some amount which i can't afford.
That is a risk no-one should take in my opinion.
World cryptocurrency is a solid risk. Only there are justified rist and not justified. So, it’s really not worth contacting with unjustified risk. That is a risk no-one should take in my opinion.
I wouldn't. It is very volatile and it can reach some amount which i can't afford.
That is a risk no-one should take in my opinion.
That is a risk no-one should take in my opinion.
There are two sides to borrowing in cryptocurrency. These can be either the borrower pays more than what he/she borrowed or pays less than what he/she borrowed if the payment would be done in the same value in the crypto coin he/she took. The volatile nature of cryptocurrency make it not reliable for me to borrow in cryptocurrency.
Borrowing comes with its cost too which I am not ready to take and its quite risky because of the market volatility, I would rather prefer to put in what I can afford to invest or trade with rather than borrowing, but if I am to borrow by all means, I would borrow BTC only from a site who would offer me a very low interest rate loan and also a longer duration that will not put me that much into pressure of whatever it is that I give as collateral and before we can seek a lending assistance out, we need to also look for more information on such lending site too.
Clearly I have no experience on borrowing of cryptocurrency. Straight this market full dump that's defines all token price is volatility low. Some projects offere to borrow cryptocurrency but some coin those was listed on good exchange and also you have pay big amount interest of coin.
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