Topic: Would you borrow in cryptocurrency? - page 6. (Read 42465 times)
Yeah, I would borrow crypto currency. I have a lot of friends in crypto community and I can lend money for some activities. So I sometimes do it , but only liquid crypto
I am not interested in borrowing cryptocurrency as long as I can still buy it or exchange it for real money to have a cryptocurrency currency.
I don't want to take risks if I can't replace it and that will make me not feel calm.
I don't want to take risks if I can't replace it and that will make me not feel calm.
Depends on the cryptocurrency.
Most are too risky to be borrowed and held. I'd probably borrow Bitcoin and ethereum.
Volatility or not, I would still borrow. All I need is good quality project.
Most are too risky to be borrowed and held. I'd probably borrow Bitcoin and ethereum.
Volatility or not, I would still borrow. All I need is good quality project.
It is not a good thing to borrow crypto, I think that is a detrimental thing, because if Crypto experiences an increase we will return cryptically what we borrow but with a nominal price that is already high. this is something we must avoid
all depends on our strategy in seeing and predicting market capabilities. if the downtrend might be good. if in an uptrend it might be detrimental to us because of different values. but if for a trading capital I think we can make the assets we borrow increase, not for long-term investments.
At the moment, I would pay attention to such a coin. But until today's market situation, I would not take the risk. Since I have a very bad understanding of trading. Today you can buy absolutely any coin and you have a very high probability will increase in price. But low volatility indicates the futility of the project and the product.
It is not a good thing to borrow crypto, I think that is a detrimental thing, because if Crypto experiences an increase we will return cryptically what we borrow but with a nominal price that is already high. this is something we must avoid
I trade on leverage almost every day, so basically im borrowing cryptocurrencies to trade, or in other words to bet on cryptocurrency rise in price.
Thanks God that I do not need borrowed money for living, I do not need new car, nor house at least for now. I am trying to live without debt.
Borrowing in cryptos could be risky thing, because your investment have to outperform cryptos wich you borrow.
I consider borrowing (for investing) in stable coins only.
Thanks God that I do not need borrowed money for living, I do not need new car, nor house at least for now. I am trying to live without debt.
Borrowing in cryptos could be risky thing, because your investment have to outperform cryptos wich you borrow.
I consider borrowing (for investing) in stable coins only.
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 you said it. You said the reason why I should not borrow money in cryptocurrency. For the reason of the price volatility. Your .001 BTC loan is 8 USD by now but tomorrow it could be 20 USD. So think twice if you want to take a loan. Loan if you only need. If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
Volatility will always be part of cryptocurrency and there is no exception about it and borrowing crypto is not wise acts and if lost the risk will increase doubled because you have to pay your debts and you also will lost and i personally will answer no
No I buoy never take in cryptocurrency as it buoy be a as well dicy to adopt in cryptocurrency, In a crypto marketplace cost always move up and consume, whether you appropriate and he cost of the crypto got extremely big in forthcoming so how desire you pament accept.
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?
Difficult to barrow crypto currency who can trust and believe to me borrowing token without any collateral or showing my identification. For sure in lending there have so many requirements need to provide before they can get aprove to borrow crypto currency. So in short I don't like the idea borrowing.
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 had an experience once I borrowed some units of ETH from a friend, a few days later ETH did a remarkable thing and pumped about the USD value I borrowed. The funny thing is I had to pay back more than what I had borrowed in USD value it's sickening to borrow in cryptocurrency as you don't know what will happen next. If a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
There are people who would borrow. One of the project I know wouldn't borrow individuals who maybe wants to borrow loans for personal purpose like buying a house or cars. Borrowing in cryto are for bigger investors and firms who borrow for business purposes
A larger investment can be borrowed for cryptocurrency invest. If you have some money, you can use it as an investment tool. For example, this method works for projects that use the proof of stake method. I've been doing this for a long time for Veil.
Already crypto has carryed revolutions and it has actually achieved superlative peaks.The primary work has always has been crossing - borderline defrayals.With so even low charge arrangement compared to those usual banking organizations and above each deal are even many protected and firm.This is what crypto is. Fetching planet unitedly in a usual program and composing modern revolution. Item are gonna modify representing even many great in approach forthcoming at littlest far-away greater than whatever rescript (which is analyzed to hardbacked up close to golden or whatever additional affair ).
You lent at a rate. The market is always updated every moment. So how can it be sure to exchange. I am not lenient to lend. Because the market is not always the same.
If you are really in need of the crypto and you have someone that can lend this out to you, then by all means do borrow.
We know volatility is one big crypto problem but if volatility is to reduce to acceptable levels then more services would easily start to use this because they get to not worry about any lost money based on this.
We know volatility is one big crypto problem but if volatility is to reduce to acceptable levels then more services would easily start to use this because they get to not worry about any lost money based on this.
I don't like to borrow or anything. I would not advise to do this, because the cryptocurrency is volatile, can fall in price, and I think who will lend will tie the rate to $.
If it is still low, I will also dare to borrow the currency resulting from cryptocurrency to increase the business opportunities in this so that it can be more clearly compared with other things which are at very low token values
I have been doing cryptocurrency for a long time and I'm tired of doing it. I want more and more coins and investments. I like working here. I do not see anything bad.
working and doing the best will be better, and avoiding the word borrowing may make you more calm and can do it well.borrowing currency on Crypto will be complicated because the movement is not necessarily good and the loan name must be returned.
just do it like running water and face it calmly and patiently maybe you will avoid things that can make you bad.
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