Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.
Topic: Would you lend in cryptocurrency? - page 3. (Read 2616 times)
Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.This is also my thought, If he borrowed 0.05 he should return 0.05, but we should also give him a limit such as "should be only 1 week" or else he would have added interest so that we will not lose if its value falls.
I saw it too in the Market place and the value didn't matter to them even when it dropped, Because they want to increase their BTC and not the value, Maybe they are longterm holders.
Those lending bitcoin are definitely long term holders since for what I can see they always ask for the the loan to be repaid in bitcoin, and while I wish them well we must recognize how risky it is what they are doing, we are living in an economy based on debt and it is difficult to understand how an economy based on bitcoin could work without it but for a very long period of history only those with lots of resources, reputation and a productive idea or business could get access to loans.I saw it too in the Market place and the value didn't matter to them even when it dropped, Because they want to increase their BTC and not the value, Maybe they are longterm holders.
We live in a very particular age in which everything can be purchased with debt even food and I think it will not last long as we are reaching the limits of what an economy based on debt can achieve.
yes in this forum there is a cryptoqurrency loan service in the form of bitcoin, but as long as I am here I have never been interested in or lent cryptoqurrency to anyone. not because I don't trust the service, but it's better to just be safe and not want to risk borrowing or lending cryptoqurrency.
true that you submit at this time there is no loan with crypto currency for several reasons one of them is trust and legality issues there is no legal force that governs the development of crypto currencies and all is a matter of confidence and trust may in the future save and borrow with crypto currency can be in the future realize if crypto currencies can be recognized as fiat currencies in circulation 
I have seen people borrow money even on this forum, and those tag members carry are prove of trust and sincerity in some cases with lenders. Not everyone is a scam though have not lent nor borrow from anyone in the forum or outside but have a level of sincerity in people. The choice of cryptocurrency depends on time and volatility of coin, cant lend out stable coin in bear market.
I would lend in any currency as long as I got collateral that was of equal or greater value. The risk then is if the price of the currency you lend out goes up while you have it till lent out. However, it can work both ways and the currency you are given as collateral could change too. Overall I believe it will be worth it in the long run and the risk is small. YOu might lose a few times but the lending % is so high it will soon take care of that.
The reason I do not do any of this is that there are no sites I trust so far.
The reason I do not do any of this is that there are no sites I trust so far.
Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
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)
I will loan or borrow using bitcoin only, I think bitcoin have stable coin than other coin like eth. for Libra I think is not have price now because still an issue with Libra coin today, will accepted by investor or not. Loan using bitcoin give positive effect for borrower and lender where both them not lost money, we give bitcoin and they will pay using bitcoin with price keep stable like first he borrows. 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 would not lending my money in cryptocurrency because the value of crypto is volatile.
Lending $100 worth of BTC can return $80 worth later, or return $120 which is not certain.
Maybe lending $100 worth of stable coin like USDT is a good idea, it gives fixed profit.
Lending $100 worth of BTC can return $80 worth later, or return $120 which is not certain.
Maybe lending $100 worth of stable coin like USDT is a good idea, it gives fixed profit.
I just remembered the story of lending money in crypto form, and I thought I would never do it again. this happened in 2017, someone borrowed some ethereum from me. however, after entering 2018, the price of ethereum dropped dramatically, and he returned my ethereum. Well, in terms of nominal, of course, I suffered a loss. because of that, I prioritize lending cash compared to cryptocurrency to people I know.
I personally do not have a plan to lend or borrow cryptoqurrency assets to anyone, regarding this matter I think anyone can also assess how risky it is to cryptoqurrency lending, and to avoid undesirable things much better you don't have such plans.
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. 
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.
Now it is easier for people to borrow capital with this online crypto savings and loan service. Everyone who wants to borrow, in my opinion, must be because they want to fund something that they hope can benefit. It is very unlikely someone who borrowed it just for safekeeping. So I dont think fluctuations are a good enough reason not to borrow. Lets say you borrow 1btc from someone at a time price of $7900 and you will use it to invest in another altcoin so you will benefit from the investment. The profit you can say exceeds the amount of BTC you previously borrowed, for example $10,000. When you will repay the loan at a price of BTC $8400, how much btc do you have to pay?
Arent we still lucky? The point is that people will borrow because there are reasons and goals, without the goal it might only make it bear the loss.
This has a two ways dimension, it either favours you or the borrower but in real cases then both parties need an agreement that can determine the mode of payment which will require that the borrower pays back at a certain rate and unless that agreement is met, its dam a risky gamble
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.
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)
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)
There are already a lot of people lending here and Bitcoin and Ethereum are two of the primary coins they use to lend people in fact we have a section here dedicated to lending, so this answer your question, people will lend in Cryptocurrency because it's profitable.
I have given loans to several if my friends in the past but I always insisted on giving out the loans in stablecoin because that is the only one where the value of my funds remain the same no matter the timeframe is when it is returned, imagine giving 0.2 BTC loan to someone when BTC was worth $10,000 and getting back the loan when BTC is worth $8,100.
Bitcoin's probably the easiest to lend right now. It is the most known cryptocurrency out there and learning how to use it is easy. But of course, I'd only lend to person that I know personally. You really can't trust the cryptocurrency space because of its anonymity and everyone can just create or buy an account and try to borrow money from you. It's the internet so no chance for me to lend it to the community, even if they are trusted by many.
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)
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)
Yes, I would lend in crypto, my rules are pretty straight forward when I do so (to people I trust). I get paid back the equivalent amount of crypto. So if I loan someone 0.05BTC then I expect to be paid back 0.05BTC no matter what the USD value of it is at the time. Same goes for any other currency I lend in no matter the altcoin. If someone wants 5 LTC then they will pay me back 5 LTC.
This is also my thought, If he borrowed 0.05 he should return 0.05, but we should also give him a limit such as "should be only 1 week" or else he would have added interest so that we will not lose if its value falls.
I saw it too in the Market place and the value didn't matter to them even when it dropped, Because they want to increase their BTC and not the value, Maybe they are longterm holders.
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