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Topic: Would you borrow in cryptocurrency? - page 27. (Read 42441 times)

copper member
Activity: 966
Merit: 14
April 07, 2019, 02:05:22 PM
#55
I hardly borrow with fiat let alone cryptocurrency. I think borrowing with cryptocurrency isn't a good call owing to its price instability or volatility.
jr. member
Activity: 192
Merit: 1
Sovryn - Brings DeFi to Bitcoin
April 07, 2019, 01:32:26 PM
#54
I have not been interested in borrowing in crypto because of the nature of volatility and I think it will be risky, and I prefer to use my own capital.
full member
Activity: 532
Merit: 100
April 07, 2019, 01:22:05 PM
#53
In my own opinion, borrowing in cryptocurrency is a NO NO. This space is highly volatile, unstable price etc, you never can tell what will happen in the next minute. In as much as I can't do it, I can't encourage anyone to do either.
jr. member
Activity: 266
Merit: 2
April 07, 2019, 01:18:18 PM
#52
Oh well, if the conditions are right and everything is done is a sincere, transparent and secure atmosphere then why wouldn't I? After all crypto is meant to be accessible, free and accommodating to all who need help. I think with the right facilities, it could be a great way to further promote crypto adoption.
sr. member
Activity: 585
Merit: 251
April 07, 2019, 01:18:02 PM
#51
borrowing should always be done in stable asset , only it is not advisable to borrow to take borrow in gambling asset .there are some project which are working who offer loan but it should not be taken or you should taken only in condition if they borrow amount is taken in fiat amount not in respective crypto amount.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
April 07, 2019, 01:08:36 PM
#50
I used to borrow in terms of bitcoin from my friends. As of now this isn't common as people aren't much known to the same. In later years can expect financial services with the borrowing access in cryptocurrency. Already we've got similar services with perfect collateral on cryptocurrency and tokens.
newbie
Activity: 42
Merit: 0
April 07, 2019, 01:05:01 PM
#49
And the sense to take those tokens that are practically worthless for a long time seems to me the slightest fluctuation of the market will simply devalue this token and you will lose your money.

read about the concept of Maxit:
https://www.maxicreditcompany.com/whitepaper.pdf
newbie
Activity: 42
Merit: 0
April 07, 2019, 12:55:22 PM
#48
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?

the question, why you borrowing in cryptocurrencies ? tell me the reason,
because i never have a plan for that,, i started with a little money in crypto and slow but sure now my portofolio growing,,

What if I get my salary in some crypto? Then getting a loan in fiat will be risky for me.
full member
Activity: 579
Merit: 102
April 07, 2019, 12:52:43 PM
#47
And the sense to take those tokens that are practically worthless for a long time seems to me the slightest fluctuation of the market will simply devalue this token and you will lose your money.
full member
Activity: 952
Merit: 107
April 07, 2019, 12:48:38 PM
#46
No I can never borrow in cryptocurrency because it can be a too risky to borrow in cryptocurrency, In a crypto market price always get up and down, if you borrow and  he price of the crypto got very high in future so how will you pay borrow.
I agree. Crypto price is very volatile and fluctuates every time that is why I prefer to borrow with fiat. Borrow on fixed amount so only interest will make it higher and you know exactly how much you are going to pay. Though crypto is really acceptable, I wont take the risk to borrow it, mich better to work and be paid with crypto.
sr. member
Activity: 1039
Merit: 250
BabelFish - FISH Token Sale at Sovryn
April 07, 2019, 12:43:25 PM
#45
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?

the question, why you borrowing in cryptocurrencies ? tell me the reason,
because i never have a plan for that,, i started with a little money in crypto and slow but sure now my portofolio growing,,
newbie
Activity: 42
Merit: 0
April 07, 2019, 12:34:07 PM
#44
What if, when a cryptocurrency's price won't be volatile and its price will be predictable?
Leo
member
Activity: 620
Merit: 10
Trident Protocol | Simple «buy-hold-earn» system!
April 07, 2019, 12:03:20 PM
#43
It's highly risky mehn to borrow and invest in cryptocurrency,  you can only do that you have an inside news about a coin that's gonna pump hard then you can borrow if you don't have but if not its highly risky to borrow and invest in cryptocurrency
newbie
Activity: 42
Merit: 0
April 07, 2019, 11:54:26 AM
#42
Check our project:
https://www.maxicreditcompany.com/

If you need money, would borrow it with our project's the conditions?
full member
Activity: 476
Merit: 100
April 07, 2019, 11:37:55 AM
#41
Previously it had never occurred to borrowing coins or tokens with credit, maybe this is a new thing, actually it is very interesting for those who are happy to borrow because it can help you get capital to trade
But it is a great risk to take a coin on credit or debt, because nobody gives a guarantee that a person will succeed, in case he loses everything and has to pay off something with a loan
full member
Activity: 1442
Merit: 106
April 07, 2019, 11:31:25 AM
#40
borrowing in cryptocurrency is like selling tomorrow today, when you borrow in cryptocurrency is actually putting a log of challenges much more than you consider solving but people unconsciously do not consider this and they just go ahead and borrow and later they find out that it was worse than what was intended.
legendary
Activity: 2240
Merit: 1069
April 07, 2019, 11:02:13 AM
#39
If ever there comes a need for it, I will borrow in cryptocurrency. I mean, it does not matter if the price fluctuates because you are still paying them back in cryptocurrency. I earn crypto, so I can borrow crypto and payback in crypto.
hero member
Activity: 2464
Merit: 519
April 07, 2019, 10:58:59 AM
#38
I think only the stable coin should be preferred when borrowing any coin. In a bullish market it might be a struggle to make profit when bitcoin is borrowed and the price keeps going up. Most altcoins trade at that time might not be bullish enough to make profit. Moreover, interest is still awaited
newbie
Activity: 42
Merit: 0
April 07, 2019, 10:55:10 AM
#37
I wouldn't do that because cryptocurrency is not widely used now and those people who are now investing in it mostly just want to make money

What if you can use your borrowed coins to pay your bills or buy services and goods?
member
Activity: 574
Merit: 11
April 07, 2019, 10:49:16 AM
#36
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 might not borrow cryptocurrency because the main reason is that cryptocurrency prices are unstable, sometimes they are expensive, sometimes they are cheap and that happens in a fast time. besides that, such loans must have an interest rate and that would be very not good to us. so my advice might be don't borrow cryptocurrency
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