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Topic: Would you borrow in cryptocurrency? - page 7. (Read 42465 times)

jr. member
Activity: 560
Merit: 3
May 23, 2019, 05:34:14 PM
dollars are very dangerous to borrow, not to mention the cryptocurrency. Theme now begins to rise in prices, and you can take for cheap, and then how to give several times more. I think a cryptocurrency loan is very dangerous
sr. member
Activity: 672
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
May 23, 2019, 12:19:04 PM
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.
newbie
Activity: 53
Merit: 0
May 23, 2019, 12:17:38 PM
I desire not draw crypto disdain an danger, I greater keep off it and take it causes it a hard action to create a profits. Whether you refer to it turns big and panic many than misplacing.
sr. member
Activity: 630
Merit: 250
Glad to see you
May 23, 2019, 12:08:54 PM
I have been working in cryptocurrency for two years now and I will be engaged in the future.  Because I really like it.  I believe in cryptocurrency and its progress in the future.  I think that this is a worthy technology to implement it.
member
Activity: 713
Merit: 15
May 23, 2019, 12:04:55 PM
Borrowing in cryptocurrency might be a little difficult because of the volatile nature of the market except the lending and borrowing is done with stable coins. Imagine someone borrowing 1BTC when the price of Bitcoin was $3500 and have converted to the coin to fiat to use for his purpose, considering the price of bitcoin is now $7900 paying the loan would be very difficult because the price of bitcoin have increased by 100%, except if he will pay back that amount in dollar value which is very unlikely. so crypto loan can only work if it is done with stable coin.
full member
Activity: 868
Merit: 104
May 23, 2019, 11:39:34 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?

Definitely my answer is no. Crypto coins and markets are still not regularized and stabilized. Suddenly one day it will go to zero or go to moon. If we have bad luck, thats it.
full member
Activity: 812
Merit: 101
May 23, 2019, 11:37:31 AM
Cryptocurrency is ideal for additional money to earn money.  I am very sorry that I did not do it before.  And then I plan to develop it and do it.
For now, I suggest to trade crypto, because that can make you really understand cryptocurrency. trading is also more profitable than getting and developing other crypto assets. try to start your trade.
sr. member
Activity: 644
Merit: 250
May 23, 2019, 11:31:29 AM
Cryptocurrency is ideal for additional money to earn money.  I am very sorry that I did not do it before.  And then I plan to develop it and do it.
jr. member
Activity: 168
Merit: 2
Bcnex - The Ultimate Blockchain Trading Platform
May 23, 2019, 11:08:56 AM
If the cryptocurrency had lost its volatility over time, I would still be working on it, because it is possible to make money not only from the volatility in the cryptocurrency
newbie
Activity: 31
Merit: 0
May 23, 2019, 09:21:27 AM
whether you wish to longtime aloof purchase a low-priced coin and mastery on your concavity, so this be greater possibly require 2-5 yr first from instantly, on the other hand whether you fortunate aloof require 1 yr and so you got big profits.
newbie
Activity: 31
Merit: 0
May 22, 2019, 09:26:27 AM
I assume 't actually recognise how that effort and what sort of model place in position to expedite adoption of Crypto and whether at each its loss to exercise it desire be many logical with steady currency similar bitcoin and ethereum or bitcoin money
member
Activity: 355
Merit: 10
A p e S w a p ///$BANANA Farms
May 20, 2019, 10:53:45 PM
frankly, I don't know about loans in cryptocurrency, because what I fear is where our loan money has more interest, because the value of cryptocurrency has a fluctuating value, where the value goes up and down. depends on the increase and decrease in borrowed altcoin prices. which will be a burden on the borrower.
jr. member
Activity: 322
Merit: 2
May 20, 2019, 06:47:28 PM
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?
Borrowing in cryptocurrency would be too risky as you would always be expected to pay back with the same quantity of the token you borrowed. What if the price skyrocketed after you have already borrowed, paying back may be a challenge.
sr. member
Activity: 1330
Merit: 291
May 20, 2019, 05:55:35 PM
There are section where you can find loan services but bottom is that you must a good collateral before the loan can be given to you. Even if you other form of collateral that may be cover the loan I don't think your rank will any allowed any of the people issue the such services to give you loan.
full member
Activity: 686
Merit: 100
May 20, 2019, 04:59:18 PM
yeah, I would borrow crypto currency but only for high price. It is like I make a short position, I owe crypto for high price and pay back for low price. As a result I earn on this deal

Maybe everyone will do the same to borrow a Bitcoin at a high price because if the price returns is low it will be an advantage for you to return it.
sr. member
Activity: 1274
Merit: 267
May 20, 2019, 04:37:30 PM
yeah, I would borrow crypto currency but only for high price. It is like I make a short position, I owe crypto for high price and pay back for low price. As a result I earn on this deal
This is genius answer  Grin
You can always borrow crypto just for short selling and make profit from them, But how would you deal with the interest? It's okay if you always know where your crypto will move, but if you don't.. you will just make it worse.
full member
Activity: 482
Merit: 117
May 20, 2019, 04:10:08 PM
 I wonder what problems will be more in this area of legal or economic. After all, it is necessary to form a whole project and a plan for giving loans with a flexible interest system.
jr. member
Activity: 62
Merit: 1
May 20, 2019, 08:36:32 AM
Adoption cryptocurrency? I get never victimized it. In truth, I assume 't similar to adopt cash from trusts. I assume 't wish to obtain cash. I assume 't wish to obtain cash to cipher. Search at the animadversion, I did not have various humans to be similar me.
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
May 18, 2019, 06:47:50 PM
yeah, I would borrow crypto currency but only for high price. It is like I make a short position, I owe crypto for high price and pay back for low price. As a result I earn on this deal

What he means is that the best time to borrow Bitcoin was after December 2017 until February 2019 which meant you will be paying with around 80% discount. Now the opposite is true, the worst time to borrow is probably the last two months.
member
Activity: 630
Merit: 10
May 18, 2019, 06:43:28 PM
yeah, I would borrow crypto currency but only for high price. It is like I make a short position, I owe crypto for high price and pay back for low price. As a result I earn on this deal
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