Cryptocurrency Exchange In Japan Is Offering Bitcoin Loan

[0t3p0t]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

This could be a very good start as an exchange that offers Bitcoin for loan purposes. This will also help those investors that has no enough capital to get deeper into crypto trading.I know that this kind of business will become more popular in the near future and hopefully will be adopted here in my country. Though loans are risky but still it will be that effective way of helping crypto enthusiasts.

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[atariguy]

This is a very interesting idea, have long thought that soon will be the next:) the Future is coming:)))

[CrimBit]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

I think it's a good idea to attract more people into bitcoin and also to be more involved in bitcoin. Logically in real life, you will borrow capital to start your business, while lending bitcoin to start an online business or trading that can help you a lot.

[ned.ryerson]

I think this is not the most profitable loan that can be, because its price changes every day and if a person took a loan when he stood at$ 6,000 and he suddenly grows to$60,000.

[fuer44]

it is a good and efficient step to increase investor interest both in small or large amounts to start investing in bitcoin. but my question is, exchange rate problems. for example, someone borrows bitcoin when the exchange rate to the dollar is $ 6000, then he can return in the next few months but the price of bitcoin has risen to $ 7000. then what must be returned is the estimated value of the dollar, or the estimated value of the bitcoin?

thanks for your answer.

[sidodadii]

i dont know, i never check it before. but its good if someone want to trade but he dont have any fund. its the best way to promote bitcoin itself. many people.can try it, but i dont know if someone loss their fund and maybe the can loss too.

[WalletPlus]

I think loans are pure evil and how will I pay it back, I mean what if I took 1 BTC loan for a year and the price drops heavily what amount do I payback? the bitcoin amount or the USD dollar amount

[AAKODI]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

It is great and I really like the concept but if you consider bitcoin's high volatility it is a major problem that we should think twice when applying a loan  because in a way it maybe convenient for crypto community members but during price increases there is a high risk involvement when paying back the received amount so I think there are both cons and pros in the above

[xbossJ]

This is an institution that believes in what $Bitcoin should, can and would be! this is a welcome development for bitcoin! I just hope people won't abuse the opportunity! I also hope the have the right mechanism in place to ensure lenders repay when they should, because some people might want to take this opportunity to mean free bitcoin gift! I also hope to see upcoming and existing exchanges without this service, tow the same path! People can take advantage of this offering to gain money for their other investments that find financing difficult.

[realcrypto]

Naturally I don't like taking loan, I leave within the limit of my income. It sounds simply to have a bitcoin loaning platform, making it effective and realistic will be difficult due to the fluctuation in price.

[raymond013]

 I think that's a good sign. Japan is the best country in the world, other countries should follow suit. This is a good news for this electronic money will definitely make many people aware of bitcoin and this will definitely help bitcoin prices. It is a welcome development, but the loan conditions seem too strict and may become a bottleneck for those interested in borrowing money.

[rosemary4u]

I think that's a good sign. Trust in bitcoin is growing, even banks began to use it in their activities, which means bitcoin is developing and it has a great future.

Loans in cryptocurrency is relative since you might end up buying more or less than the amount you originally took. Due to the volatile nature of cryptocurrencies, it would be very difficult for most individuals to make use of the lending and borrowing system with such initiatives.

[nicko122]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

The idea is interesting and innovative in the field of cryptocurrency, but it is not entirely clear how such a loan can be calculated taking into account the constant change in the price of Bitcoin.

[Mondinic]

wow! is this going to be a good start for BTC, hopefully so more countries will start new programs related to bitcoin, maybe it will make the price of bitcoin go up in the market for now and so on, I hope the good news will continue to come instead of news bad about btc and other altcoins. still hold your coin bro, don't be consumed by the ambition to sell it too early. 

[automaticmoney]

This is positive news regarding cryptocurrency industry loan is kind of trust every financial business need hopefully these kind of services may get added in most of the countries

[Escf4]

Even what form of business that is affiliated to bitcoin and cryptocurrency ,we will be glad to hear about this because it is still a kind of promotion which is part of the cryptocurrency , and it is good for the cryptocurrency organization worldwide.

[Sandus_Cryptolover]

This is a great idea towards development of the cryptocurrency community. With such wonderful innovations, we are closer to the expected dream.

[kotwica666]

It's very nice that we have another financial instrument on the market, but I can not imagine that someone would be so irresponsible to take a BTC loan at the moment. In such an unpredictable market, taking such a loan is more risky than playing in a casino.

[bitfocus]

Creative and exceptional idea!

[bvg96634]

That’s interesting idea. What is really good about it that they are about to include other crypto currencies, not just btc.