Have you heard of the volatility of the cryptocurrencies? Cryptocurrency is highly volatile, that is, it is not stable. This instability is what makes borrowing in cryptocurrencies a bad idea.
I wouldn't do it, and won't advice anyone to.
Topic: Would you borrow in cryptocurrency? - page 8. (Read 42378 times)
Until cryptocurrencies become the main part of our daily life (the main means of payment), it is very risky and not reasonable to take a cryptocurrency loan. Especially with such unpredictable volatility.
In an emergency: Yes, why not... But in general and based on todays market and the volatility, I would not go for a long-term crypto loan. Short term is different and yes, I would do that.
Do not forget though - only borrow when you know you will be able to pay back...
Do not forget though - only borrow when you know you will be able to pay back...
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?
Of course. People have been lending and borrowing crypto for a long time. Though the fluctuation in price makes a difference and could be either easier or harder for the borrower to payback if he/she have redeemed the crypto into fiat.
But for crypto traders, the price fluctuations have lesser effect as they work with crypto without converting them into fiat.
The idea is good for a less volatile market, right now even everyone is saying that we on a bull market again, I wouldn't take such decision to jump into borrowing.
Taking into consideration the volatility of this space, I must say it isn't a good idea. Although the crypto space is growing and maybe there will come a time when can borrow but as for now, i won't advice anyone to do such.
I am agree, many factors why i am not interesting on borrowing cryptocurrency. Beside on interest rate, the price very fluctuating and its very risky to borrow crypto from others. There is no fix interest rates on this bussiness and i think need regulation if lending bussiness become reality
Taking into consideration the volatility of this space, I must say it isn't a good idea. Although the crypto space is growing and maybe there will come a time when can borrow but as for now, i won't advice anyone to do such.
If you will ask me if I will borrow money with the value of Cryptocurrency now. Why should I? If that is for a life and death situation, I think I have no choice.
But if it is not, we need to rethink because it has lower value now and anytime we can experience a bull run. There is no such thing as low volatility because volatility is a tremendous change in price and that will really affect you if that happens.
But if it is not, we need to rethink because it has lower value now and anytime we can experience a bull run. There is no such thing as low volatility because volatility is a tremendous change in price and that will really affect you if that happens.
I personally do not really like borrowing cryptocurrency, because the price is fluctuating,
maybe there really are some stable tokens or coins, but still the price tends to rise quickly and also goes down.
and surely one will be harmed later.
maybe there really are some stable tokens or coins, but still the price tends to rise quickly and also goes down.
and surely one will be harmed later.
Representing a currency you buoy 't indeed forecast its execution. Adoption in cryptocurrency marketplace is a fast tag to insolvency. Suit always strive to disburse inside your achieve. Venture what you buoy manage to loosen. Simple!
Borrow in Cryptocurrency? is there any medium or means by which someone can borrow in Cryptocurrency?. Someone one should put me through, I need to know more about this.
Borrowing crypto is just like getting into trouble ,you can easily lose that coins you borrowed ,if the coin is yours and you lose it you will be able to sleep well not if you borrowed it
In borrowing borrowing cryptocurrency is not a good thing, because all of that is not real so it will be very difficult to get back what we have lent more and more if the coin market has experienced a decline, obviously that will be a big problem.Can you imagine borrowing funds in some random shitcoin that maybe fluctuate pricewise down 70%, and then next month up 500%. You will probably be better off with less risk going to your local casino and betting on red.
Borrow in cryptocurrency is a not very good idea as for me. Cryptocurrency is a very volatile, crypto market is very unstable and unpredictable.It can happen your debt will increase in several times. It is like trying get money playing casino. Crypto is a risky field itself no need to increase this risk with borrowing.
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If I was confident in the further growth of Bitcoin, then I would probably decide to borrow money in order to buy Bitcoin. But it is very risky, so before you take any concrete actions, you need to think carefully.
you are not alone, no one has 100% complete confidence, the crypto market is unpredictable, anything can happen, and investing is also work, you have to think about making a choice, take responsibility, it seems to me that you just want easy money
If I was confident in the further growth of Bitcoin, then I would probably decide to borrow money in order to buy Bitcoin. But it is very risky, so before you take any concrete actions, you need to think carefully.
I don't support borrow for anything at all but coming to Crypto, hmmm at times it's a risk that is worth taking especially when you know you are on the right track. I can borrow to buy BTC or Eth but that's all for me
In borrowing borrowing cryptocurrency is not a good thing, because all of that is not real so it will be very difficult to get back what we have lent more and more if the coin market has experienced a decline, obviously that will be a big problem.
but I benefited from what I did. I borrowed money to buy bitcoin at the time of the decline of Bitcoin at the end of last year, and now after half a year making the money I borrowed has returned even with relatively large profits. Borrowing crypto is just like getting into trouble ,you can easily lose that coins you borrowed ,if the coin is yours and you lose it you will be able to sleep well not if you borrowed it
In borrowing borrowing cryptocurrency is not a good thing, because all of that is not real so it will be very difficult to get back what we have lent more and more if the coin market has experienced a decline, obviously that will be a big problem.
Whether it's almost investment in cryptocurrency, I would achieve much activity similar adoption representing it. I've discovered that it's a poor choice to take cash whether you' system loss to purchase crypto's, you buoy never determine the irresoluteness of that currency. Whether you wish a currency and you insufficiently needful it, apply your surplus cash representing that.
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yes I consider too that debts in any kind, it is big risk if you aren't able to trade you don't understand mechanisms of the movement of the market, very risky to take in loans, whether it be the main or just any kind of cryptocurrency
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