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And the sense to take those tokens that are practically worthless for a long time seems to me the slightest fluctuation of the market will simply devalue this token and you will lose your money.
read about the concept of Maxit: https://www.maxicreditcompany.com/whitepaper.pdf |
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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?
the question, why you borrowing in cryptocurrencies ? tell me the reason, because i never have a plan for that,, i started with a little money in crypto and slow but sure now my portofolio growing,, What if I get my salary in some crypto? Then getting a loan in fiat will be risky for me. |
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What if, when a cryptocurrency's price won't be volatile and its price will be predictable?
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I wouldn't do that because cryptocurrency is not widely used now and those people who are now investing in it mostly just want to make money
What if you can use your borrowed coins to pay your bills or buy services and goods? |
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The token borrower concept is a new innovation in the world of cryptocurrency, I see here we can get capital to trade, but I also see that there are still many things that need improvement in crypto borrowing, such as regulating procedures for receiving assistance or how to verify honest borrowers with dishonest ones.
Read our White paper: https://www.maxicreditcompany.com/whitepaper.pdfWe are building a credit score system to verify honest borrowers, |
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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?
Is there any available platform where you can execute what your are thinking right now about borrowing tokens? If there is so then it will be good since it is regulated, but if you are just going to contact your friends to say, may I borrow, then it is unfavorable, you might have some conflicts if the market price of the particular coin goes so high. We are developing a peer-to-peer lending platform MaxiCredit, its currency Maxit, and a commercial platform borrowed money can be used https://www.maxicreditcompany.com/https://www.maxicreditcompany.com/whitepaper.pdfI am curious about the opinions as part of the validation of the project. |
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Why borrow cryptocurrency when you can earn it for yourself? I dont think i can ever borrow cryptocurrencies, so i dont even have an idea as to how people does that. Several avenues has been crrated f9r crypto l9vers like us to earn these cryptocurrencies free of charge and they are; through bounty, airdrops, moderation and mining
How many people can get a serious amount of cryptos in bounties, airdrops or mining? |
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Except stable coins, it's really risky to borrow money with cryptocurrencies, because of its unpredictable price movements. The simplest and safest way is still to borrow fiat money, then use it to buy crypto.
I think it is much riskier and time-consuming to borrow in fiat and than buy crypto like BTC. While would you take all the price risk? |
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Not all cryptocurrency has a volatile price.
I am interested in the opinion if the will be stable against USD dollar.
I that case, what are you thinking about borrowing?
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Blockchain technology can handle the risk of not paying, also cryptocurrency can be designed to have low price volatility. Read this white paper: https://www.maxicreditcompany.com/whitepaper.pdfI think bitcoin or ether is now not good for borrowing but stable coins or cryptocurrency designed to have low price volatility are good enough. |
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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?
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Thank you. That sounds good. I will first visit your site and read what you send me.
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Think about, lending in a traditional way contains many types of uncovered loans - credit card, personal and consumer loans. Where the important thing is to predict that the potential debtor will or won't pay back the loan. In blockchain where every transaction is visible, it is much easier to predict who will pay and who won't. Also, a blockchain can register credit score, which is built upon previous credit history - if you build your credit score many years long, you won't it ruin directly. Blockchain also makes it difficult to hide for bad debtors. I know many things mentioned in this white paper https://www.maxicreditcompany.com/whitepaper.pdf will be available only in the next years, but the whole blockchain, smart contract technology is about the future, not about the 0,1% who use it today. If you are really interested in lending via smart contract send me a private message. |
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Now smart contract uses oracles to get data from the real world, like current time.
But it is possible to invent a blockchain which can do this. Maybe it exists already.
Does anyone know about such a project?
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