Topic: Would you lend in cryptocurrency? (Read 2549 times)
Too complicated. believe that for loans using crypto even though now it has reached an agreement but in the future if the price has increased or decreased we as the borrower or who provide loans will definitely experience problems when wanting to pay off. as a result of the price of bitcoin rising or falling. it is better if you want to borrow using dollars or other currencies that do not experience a large increase or decrease
I would only lend some cryptocurrency if the person who will lend to me is a trusted one and if i know him/her personally. I wouldn't risk lending my crypto to strangers, i would lend any kind of crypto from btc to eth etc to the person i trust and in need of it.
Would you give a loan to borrowers in cryptocurrency?
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
You can research on loan site, probably you can get several site. If rumors is right than I would like to buy DCEP. China to launch own cryptocurrency, called it "DCEP". I'm not interested to invest in any stable coin without my money frozen. Still have some interest in Libra coin. If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
I do not understand the procedure for granting a loan. Do you have to provide your personal information? If so then after that you and all your wallets will be in danger. Why do I need to take money from strangers and risk my anonymity? If personal data is not needed, who will protect the borrower?
There is not much to understand, lending in cryptocurrencies works in a way very similar to a pawn shop, when you ask for a loan in a pawn shop you need to bring something valuable that can be sold in the case you default the loan, the object you bring needs to exceed the value of the loan you ask and in the case you want it back you have a limited set of time to pay your loan with the agreed interest.Lending cryptocurrencies works in exactly the same way, it may seem rudimentary but this way of lending has been around for a long time and it is the most honest way to lend money since you are not taking advantage of those that cannot pay you back like banks do.
Yes, I will. There are some good lending platforms in the space now and are having good time even some in the bear market. As for the assets I will considered, BTC and most of the top tokens in the space will make my list. This lending market to me is going to be a very big market with time
I will avoid lend in cryptocurrency because this will indeed bring many problems in the future. Believe me, it's better to
stay away from things like this, moreover this cryptocurrency volatility coins will hurt one of the parties if a loan agreement
occurs. Not to mention that lend in cryptocurrency often happens scams. Better to buy coins with money that we can afford
to lose, advise from me to avoid smelling loans.
stay away from things like this, moreover this cryptocurrency volatility coins will hurt one of the parties if a loan agreement
occurs. Not to mention that lend in cryptocurrency often happens scams. Better to buy coins with money that we can afford
to lose, advise from me to avoid smelling loans.
Definitely stablecoin.
While bitcoin looks quite attractive, let's not forget how toxic it would feel if you were to lend in bitcoin and the price were to drop drastically before the loan is repaid.. you might end up losing instead of making profits... Stablecoin is the safe way and I am a very safe investor.
While bitcoin looks quite attractive, let's not forget how toxic it would feel if you were to lend in bitcoin and the price were to drop drastically before the loan is repaid.. you might end up losing instead of making profits... Stablecoin is the safe way and I am a very safe investor.
it's safe to lending people using stablecoin but many people want to make a profit and you can see an example on this section lending
currently, there are 20++ people on bitcointalk that became a lender to help people while getting profit from it.
Definitely stablecoin.
While bitcoin looks quite attractive, let's not forget how toxic it would feel if you were to lend in bitcoin and the price were to drop drastically before the loan is repaid.. you might end up losing instead of making profits... Stablecoin is the safe way and I am a very safe investor.
While bitcoin looks quite attractive, let's not forget how toxic it would feel if you were to lend in bitcoin and the price were to drop drastically before the loan is repaid.. you might end up losing instead of making profits... Stablecoin is the safe way and I am a very safe investor.
I think that cryptocurency lending can bring you much profit in the future. This is a potential market, I believe that in the next few years the market will be stable and prices will increase. I only recommend lending to cryptocurrencies with good potential, this will reduce your risk. I suggest you lend TRON, Tether, Ethereum and Bitcoin.
I am sure that the person who will be engaged in lending in the cryptocurrency will have very good profits in the future, especially considering the forecasts and hopes of each user to see a bull run in the cryptocurrency market. But you just need to take into account the fact that for every person who will take a loan in cryptocurrency, the risk increases several times in comparison with a loan from a bank. 
I think that cryptocurency lending can bring you much profit in the future. This is a potential market, I believe that in the next few years the market will be stable and prices will increase. I only recommend lending to cryptocurrencies with good potential, this will reduce your risk. I suggest you lend TRON, Tether, Ethereum and Bitcoin.
Would you give a loan to borrowers in cryptocurrency?
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
It can be a business actually, you can double up the payment if ever they borrow to you. For example, in bitcoin, someone borrowed it to you and suddenly the value of bitcoin grows up. They will now need to pay you higher since the value grew up all of a sudden. You should not be so generous with it though even if that's the case because some of them may run and hide to you if ever the value grows to large. Make sure always that those whom you've given the opportunity to borrow is trustworthy enough and not just a normal and complete stranger. If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
as uses with works on scheme as moderating news and technical drawing of chart on table with the trading market, investors to helps as covering supports of confirmation and expecting with the limit on numbers as returns to compete within the terms of plan.
It is a risky decision because you are not sure if the borrowed money will return to you. It is hard to become a creditor where you will lend your cryptocurrencies to others. There is no guarantee of returning and that's why only few people are lending cryptocurrencies.
No I wouldn't do that. If I give a loan in Btc when Btc is trading at $6k, say I give a unit of 0.1 valued at $600, if Btc goes up to $10k in few days time, when it's time for me to be paid back I wouldn't get the exact unit of Btc I gave because the borrower will be interested in paying me just $600 borrowed which leads me to some form of loss which I should've avoided if I hadn't lend the money at the first place.
Lending crypto is not a good idea. Becaise it is very complicated. All we know that crypto price is changing quickly it's price. But I will answer your question. I will choose bitcoin to lend because all we know the power of bitcoin it will stay alive even experienced a low price in a long time so it is better to lend bitcoin so you can use it in long period of time without any worry of coin death.
I will not definitely not lend any amount, not because I do not trust the process but because market is unstable, it is too risky, I will make my budget to tight so that if there is a chance to buy more I can buy it specially when bear market takes place again. We do not know when will be the market goes deeply so do not lend because I think in lending there will be a percentage every month.
I personally have never borrowed or lent cryptoqurrency that I have, on the other hand it is very risky especially in this industry is completely anonymous, but I heard my friend borrowed cryptoqurrency in this forum and said he was safe because there was a third party in every transaction. but my advice if you do not understand about services like this it is better not to borrow or lend your assets to anyone.
no because in my opinion lending cryptocurrency will be able to harm either the borrower or the person giving the loan. because cryptocurrency is very volatile it can go up and down suddenly. for example, I lend btc when the price is 1 btc = $ 4k, then next month when the btc price falls, it will be $ 3k, I will lose. I'd better use fiat money if I would lend people money.
using fiat in our lending will give simple calculation.just calculate interest for each month and we will know how much total amount that we have to pay.no value volatility that could make us pay more in future as you described above.but overall crypto currency give us another benefits in economic side.I give a loan of money not to make a profit. I give loans because I want to help my friends. I do not want to be a happy person above the suffering of others. if I want to make a profit I will invest or trade. I will not ask for payment more than the money I lend.
Lending crypto is not a good idea. Becaise it is very complicated. All we know that crypto price is changing quickly it's price. But I will answer your question. I will choose bitcoin to lend because all we know the power of bitcoin it will stay alive even experienced a low price in a long time so it is better to lend bitcoin so you can use it in long period of time without any worry of coin death.
So far I have never given a loan or borrowed cryptocurrency. because in my opinion it's very risky especially if we lend is coins that have high fluctuations such as bitcoin. it is better to lend using a stable coin like tether because the value will remain the same for a long period of time.
I do not really know the loan service in the form of cryptoqurrency because from the beginning until now I am also not interested or want to lend cryptoqurrency to anyone ... yes of course you can understand my point, especially with risk. . but I've heard in this forum there is a loan service in the form of bitcoin, maybe you can try it but always be vigilant with services like that.
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