Would you borrow in cryptocurrency? - page 5.

Docbee

full member

Activity: 822

Merit: 100

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?

Yes, i will borrow in crypto if it less volatile, just like you know volatility is one of crypto characteristics which we can't do without, therefore it wil be risky borrowing in cryptocurrency.

gendang_cinta

full member

Activity: 616

Merit: 100

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.

indeed it is very risky if we borrow or lend money in crypto currency because the value changes so we can experience losses.
so it's better to invest with what we have, we don't need to be too rash to make us borrow.

dainoran

full member

Activity: 664

Merit: 100

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.

Jushura

newbie

Activity: 36

Merit: 0

Adoption coins is not a great choice to create, the equivalent of danger that we achieve ballplayer be bigger whether we are unqualified to cope with it. It is greater to keep off adoption coins.

Dagdadar

newbie

Activity: 36

Merit: 0

It is dicy hither. You told whether the irresoluteness is little. On the other hand thither is whatever currency that presents assure of minimal irresoluteness. All the more lead buoy bead consume. It is potential.

uray

hero member

Activity: 1400

Merit: 505

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 would never dare to borrow in cryptocurrency simply because of the high volatility of the market, if you look back at this forum there were people who loaned some huge amount in bitcoin when the price was really low and he took it for the long period and during that time the price has risen to a level that was never expected and hence the lender has to change the terms in order to accommodate that but if he was adamant he would have being doomed in that situation, i will gladly accept the loan in a stable coin and not in any other crypto.

Mata Kripto

jr. member

Activity: 175

Merit: 1

guestcrew.com

I have absolutely no sense of wanting to borrow funds in the form of cryptoqurrency because I feel that it is more risky, in the event of a refund, later it can consume a larger interest and it will also drain my pocket later if I have no funds to pay back.

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: r32godzilla on May 26, 2019, 12:43:54 PM

Lending in cryptocurrencies is not easy. You need to have some collateral, without that, nobody will lend you.
Is it good? It is because people are borrowing more than they can afford.

Yup, my friend, without collateral there won't be any party that will lend it except your family or close friends. Again, crypto tends to be a decentralized coin and this must be hard to trace when there is abuse. And of course when the concept of crypto borrowing is done, the crypto crime rate is increasing, this will worsen the crypto image.

franciscoDC

member

Activity: 357

Merit: 10

I will go on to my own capital to invest my money and not borrowing in crypto because as you‘ll know it has interest so for me this thing will be more hard because you will pay it with interest unlike if you will work for money there‘s no chance to pay any interest.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

I've come across projects that make borrowing crypto possible but it's necessary to take the volatility of crypto into consideration before taking any loan. A coin might be worth a dollar today but when you're expected to pay back it will be worth 10 times that. So be careful.

ccryptopark

jr. member

Activity: 300

Merit: 5

I think it's a worthwhile use case for sure. I would like to borrow for a small amount in comparison to what I have in my bank account. I just worry about the volatility at this moment in time.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: Bludkiller on May 28, 2019, 11:30:13 AM

I assume 't actually similar adoption so I won't accept all the more though thither are coins that get dropped in measure as they are as well bad, as it causes me dolorous investment.

Even then it think one should not borrow because it is not good and no one will be agree as well in crypto currency everyone want to get profit being a single investor with no shares, so the same ways I think it is not profitable to borrow for shares in profit but if your investment is all yours then you can borrow.

Bludkiller

newbie

Activity: 31

Merit: 0

I assume 't actually similar adoption so I won't accept all the more though thither are coins that get dropped in measure as they are as well bad, as it causes me dolorous investment.

Script3d

hero member

Activity: 1232

Merit: 503

Borrowing cryptocurrency is risky, you might end up paying much more compare to your loan amount, fiat is the way to go if your borrowing money, and if you borrow with cryptocurrency the amount you loaned might go down compare to the original amount you loaned, it would be a pain paying off your loan.

ofKJVb

newbie

Activity: 59

Merit: 0

I wouldn’t achieve that as cryptocurrency is not extensively victimized instantly and those humans who are instantly investment in it largely aloof wish to create cash

wesk1212

full member

Activity: 486

Merit: 100

I agree to take loans and invest in cryptocurrency is not a very reasonable solution. I would not advise to play with the cryptocurrency on the last money, and especially those that you lent. It is very dangerous.

79b79aa8d5047da6d3XX

full member

Activity: 660

Merit: 101

Colletrix - Bridging the Physical and Virtual Worl

I won't advice any one to borrow and invest in cryptocurrency. Cryptocurrency for now is still very volatile and it can still hit all time low price as it was in 2018. Its better you invest your own money you can afford to loose

integrity42

full member

Activity: 476

Merit: 100

Quote from: r32godzilla on May 26, 2019, 12:43:54 PM

Lending in cryptocurrencies is not easy. You need to have some collateral, without that, nobody will lend you.
Is it good? It is because people are borrowing more than they can afford.

Taking a loan in cryptocurrency is a good idea, but I think it's good only for the lender, because it won't be very easy for a person to give such a loan

r32godzilla

hero member

Activity: 1360

Merit: 506

Lending in cryptocurrencies is not easy. You need to have some collateral, without that, nobody will lend you.
Is it good? It is because people are borrowing more than they can afford.

Dicage

newbie

Activity: 32

Merit: 0

I've never been fortunate in adoption order to vest and create it approach away in winner I shot equivalent goes to adoption crypto,its not extremely model to me and this buoy causes you be in obligations simply, furthermore mention that crypto miss measure anytime anyday, many measure missed equals to many obligation on your cervix,its matter when adoption crypto to venture

Topic: Would you borrow in cryptocurrency? - page 5. (Read 42378 times)