Topic: Would you borrow in cryptocurrency? - page 9. (Read 42378 times)
Well, for me it is a maybe because if I do really to borrow in a specific cryptocurrency, I will make sure that the cryptocurrency or token that I am borrowing had a great features that can make big profit in the future and of course it has a purpose. Doing some research will do it all.
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?
its not a good idea to borrow cryptocurrency because the price is not stableIf a cryptocurrency will have low price volatility, then would you borrow in that token?
If not please tell why?
as long as you dont have a way to make a sure profit in my opinion its not a good idea
Borrowing anything is already very bad. And especially the cryptocurrency which is constantly changing in price. I very rarely borrow and it becomes obsolete.
Of course, to borrow and trade for this money is a violation of all the rules. On the other hand, trade itself is a big risk, who does not risk not drinking champagne.Idk why you guys think that borrowing a money is bad ? Its not bad as you long as you will going to pay on time and as long as you dont use your borrowed money on bad things . borrowing money is helpful becauss sometimes we unexpectedly loose our money it may loose from misplacing or loose because of theft or litterally loose because you spend it . however i think its risky to borrow money using cryptos due to the unstableness of cryptos . you may only loose more for what the price that your paying .
Borrowing anything is already very bad. And especially the cryptocurrency which is constantly changing in price. I very rarely borrow and it becomes obsolete.
I see now big difference on borrowing crypto, it's the same with fiat.
What's important is the purpose, if your purpose in borrowing is just to spend it, then that is bad, but if you have
a good plan to invest or to trade, then I would agree with that.
You have plan it and you believe you will make profit, so it's worth a try, that's what we do here, we predict and then we risk.
Borrowing anything is already very bad. And especially the cryptocurrency which is constantly changing in price. I very rarely borrow and it becomes obsolete.
Of course, to borrow and trade for this money is a violation of all the rules. On the other hand, trade itself is a big risk, who does not risk not drinking champagne. 
Borrowing anything is already very bad. And especially the cryptocurrency which is constantly changing in price. I very rarely borrow and it becomes obsolete.
Borrowing is not good because in the end, you will pay huge interests. It is better you do not borrow at all. Because crypto is volatile, when you borrow money, you might even pay huge amounts later when the prices of the coin shoots up and also pay interests too.
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
Of course not, I will never borrow money in any form. There is no reason for me to borrow money and or crypto. Besides that, living full of debt will only burden me.
Yes it is good to live with what we have in our life because if we will borrow money we will have to pay it back again and in crypto currency it is not good to borrow your bitcoin it is good to keep it safe with you, crypto currency is something super personal things which I think we should not share even with our family, so better keep your bitcoin or any other crypto investment with you and neither borrow not lend. never) borrow money in a cryptocurrency that means signing a sentence for yourself .. just imagine, today you borrowed one ETH, which cost $ 100, and woke up the next day and it turned out that you already owed $ 3000 as the rate went up) I do not argue, maybe on the contrary, but there is also a "law of meanness" that will definitely play against you) so it is very dangerous to occupy a cryptocurrency
I agree with you. Borrowing funds in the form of cryptocurrency should be at a fixed rate at the time of the transaction, otherwise you are at great risk of giving back much more than you borrow.
no i would never borrow altcoins the market is too variable so the risks are too high, at the limit i could take some stable coins to use them in trading...
So far, I have never borrowed in crypto currency. I have also never heard of anyone around me joining this crypto currency lending in crypto currency. In my opinion, borrowing in this crypto currency is very risky because the price of the crypto currency is very volatile whose movements are unpredictable. Unless borrowing in this crypto currency has an insurance system, this might be a breakthrough in the very interesting crypto currency. I am not interested in borrowing in crypto currency because it will only add to my burden. I am also afraid that the coins I borrow will be very volatile. I better work safely without using loans.
Now? Yes, it is good timing to buy some good alts. I have 50% my investment on BTC and ETH, and other 50% on BTT, HTA, NEW, XMR, XRP. Also a lot of shitcoins from airdrop and bounty, hope any of them can also bring me something...
It has become a very good investment to divide all your interests into several other types of coins. I also did the same thing in tense profit.
I think it's a very sensitive matter. Whenever market is very slow.
I believe that the projects that's made this service available mainly focus on individuals or companies who borrow for business operations and not for any other purposes
Possibly the assembly already had analogous juts, as thither was a extremely big exact representing much utility, on the other hand instantly I cannot add that thither are much proposals, as various tasks just unsuccessful and achieve not add anything almost themselves
never) borrow money in a cryptocurrency that means signing a sentence for yourself .. just imagine, today you borrowed one ETH, which cost $ 100, and woke up the next day and it turned out that you already owed $ 3000 as the rate went up) I do not argue, maybe on the contrary, but there is also a "law of meanness" that will definitely play against you) so it is very dangerous to occupy a cryptocurrency
Now? Yes, it is good timing to buy some good alts. I have 50% my investment on BTC and ETH, and other 50% on BTT, HTA, NEW, XMR, XRP. Also a lot of shitcoins from airdrop and bounty, hope any of them can also bring me something...
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Every borrowing is accompanied with an interest, which is the reason I do not like doing that.If I must borrow, which I have never done before, then I would have to put a lot of things into consideration.
That not withstanding, I will advise not to borrow, but find good ways in which you can earn.
You would have to pay interest to borrow, that goes without saying. Why else would anyone take the risk and borrow you any money. How high interest is another discussion though, what would be a fair interest rate?
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Every borrowing is accompanied with an interest, which is the reason I do not like doing that.If I must borrow, which I have never done before, then I would have to put a lot of things into consideration.
That not withstanding, I will advise not to borrow, but find good ways in which you can earn.
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