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?
Well yes if I really need some money and I could only borrow in crypto then why not,
After all it is my only option.We just need to pay it up before the price starts to go higher.
It will not be advisable to borrow crypto in because there might be a very big problem in paying back in the future.
Imagine that you borrowed coin when the value of the coin was about $3000 and when you are ready to make payment, the value of the coin became $6000, you know it would be very difficult to make the payment because it just seems as if you are paying double the amount you have borrowed which is so not cool.
Borrowing in fiat is the best for now, because you have nothing to lose since the value is same.
Well it could alsobe the other way around .
Imagine you borrow the coin at $3000 then when you are going to pay it ,
The value was only around $1,500