Would you borrow in cryptocurrency? - page 4.

Prompyboo

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Quote from: ganeshramk on June 14, 2019, 09:58:44 AM

Quote from: maxitdev on April 07, 2019, 08:53:42 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?

My straight forward answer is no.. As of now and also in the near future, cryptocurrency is just for fun trading or for just extra free money. Definitely, life should not be dependent on crypto.

it all depends on how much you believe in the industry and if your faith is strong and you understand that the cryptocurrency did not come here for 1 year, then you can connect your life with crypto

hohuan101

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Quote from: maxitdev on April 07, 2019, 08:53:42 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?

This is an interesting question. If you are, would you accept to use it?
I personally see this as a double-edged sword. Put the case after you borrow, the value of the money goes up. You will face the challenge of how to buy them and pay them back?
If it goes down, that's great. You will have an extra profit about it

ganeshramk

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Quote from: maxitdev on April 07, 2019, 08:53:42 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?

My straight forward answer is no.. As of now and also in the near future, cryptocurrency is just for fun trading or for just extra free money. Definitely, life should not be dependent on crypto.

mammoniter

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Quote from: maxitdev on April 07, 2019, 08:53:42 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 can consider borrowing from crypto but only those who are already proven over time like bitcoin and ethereum. I not rely on some random altcoins out there because most of them are worthless. Borrowing bitcoin and ethereum are good for long term goals and investments.

Roukawa

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There's already a big player that's offering loan worldwide using crypto or bitcoin. Bitbond is running since 2013,you can ask for a loan for your small business and you pay the interest via btc

danipay

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Debt for investment is the beginning of many problems. This is the reason for many financial crises. People think their investment value will go up, but when they go down, they can't pay their debts. If enough people do this, and they cannot pay the debt of the money they use to buy coins, the lender will be affected by this, and can have a spiral effect on the system.

zee11225

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Quote from: dainoran on June 02, 2019, 04:08:29 PM

I never borrowed or gave loans to other people, because I did not know how the system was used in borrowing and lending, because I was afraid that I would be deceived by someone else. I'd better use crypto to capitalize on another project.

The use of crypto money in a borrowing system is something new that has not been used much. Even there are still many who do not understand how it works, because the crypto currency changes so fast that if there is no exchange rate agreement, at the time the return can go bankrupt. For example, because the value of the borrowed crypto currency rises very high.
Therefore I am not interested in borrowing in crypto currencies, for me it is very risky. It is better to trade with your own capital, although a little, but can accumulate a lot if you diligently make transactions, especially short-term transactions.

Ezio_Auditore

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My friend and I have been practicing this method for a long time. Several times borrowed from each other is cryptocurrency for withdrawal to fiat. They also gave in cryptocurrency, and it does not matter what the cost was at the time of the loan and at the time of repayment of the loan.

bibop555

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Hey minhkhoa can you sent me a mess
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Butpow

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The irresoluteness is a superlative issue representing crypto adoption. Various P2P websites went away of occupation later any age when they unsuccessful to control their acceptable.Bitbond is instantly the just trustworthy P2P bitcoin loaning website which is furthermore active toward steady currencies. Newer stand similar Astronomer and NEXO are as well advocating representing steady money as it would be even many fulfilling to both investors and borrowers.

Centriril

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I desire obtain in cryptocurrency just whether I wish change it to ORDER. I wouldn't similar to refer to cryptocurrency in additional to adorn in a propose, as the distinct possibility of me forming a immense release is jolly big.

coin-investor

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Quote from: maxitdev on April 07, 2019, 08:53:42 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?

You did not mention any name of the coins, but if it is a low volatility coin, no it's not preferable and you will eventually lose with that transaction, if you are going to lend Cryptocurrency better go for a top coin like Eth, Bitcoin or Ripple, because the price is going up and you will have profit on it.

joromz1226

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Quote from: maxitdev on April 07, 2019, 08:53:42 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 you shouldn't do that dude, if you have at least any amount of capital to buy altcoins much better to do it, rather than to borrow crypto
currency. Because, most of the articles or community testified that borrowing crypto is not good, therefore the review was not advisable who are planning to borrow crypto, according to my opinion.

Jatawneh

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I never borrow and I dislike the idea, How many one is in profit, I am in a lose and holding, Crypto is high volatile with high risk, when i first invest in Crypro, i invested the thing that I can afford only lose.

hrunya102

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Theoretically, you can use stable coins, depending on what your goal is, once I was looking for such an opportunity, but in the end I considered it not a reliable option.

kleshovab7

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Exactly, it sounds out plumb extremely alluring. On the other hand the hazard are furthermore extremely big. Hither, various humans address almost the irresoluteness of cryptocurrencies, and, of line, we should listen to the more than half conclusion. It is not always equitable to capture a credit in Decree, on the other hand all the more many so to capture hazard and capture cryptocurrency. I am always cramped whether I be in debt to individual. Largely whether the marketplace is all at once growth, and my obligation is accelerando. Then, it is greater to trust on your assets and be extremely deliberate with advance.

Inendth

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I get never borrowed cash in the formation of cryptocurrency as I was not fascinated in behavior it, crypto is hard to speculation, possibly thither is a complex principle whether you wish to refer to cash in crypto, I anticipate it's greater to appropriate cash over a deposit

Nuadalanim

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I get not borrowed in cryptocurrency earlier on the other hand I anticipate when the require arises, its not poor to adopt in cryptocurrency. That's the work of existence an investor in cryptocurrency.

Ryan Dugan

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I have always wanted to borrow and loan crypto for a profit but the problem is it will take a long time to break even and if you don't break even and the website you use goes away or is not there one day you try to login then you have a problem. Most sites do not tend to stay open for very long and we have seen these so-called investment sites are no more the elaborate Ponzi schemes. If there were more surety and trust then I would definitely want to earn interest on my crypto holdings.

cryyppton1

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As for now i will not borrow in cryptocurrency, the market is not stable enough to encourage borrowing.

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