TonyCallahan
Newbie
 Offline
Activity: 66
Merit: 0
|
 |
August 06, 2018, 06:17:48 PM |
|
Bitcoin does not have any collateral. Collateral are generally given while providing loans for the security of the service. Bitcoin is based on decentralized system. And so, Bitcoin is neither a loan, nor it needs collateral for its security.
|
|
|
|
|
|
|
|
The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
StuartJonson
Jr. Member
Offline
Activity: 83
Merit: 1
|
|
August 08, 2018, 12:10:01 PM |
|
Crypto is now being used as a collateral to obtain loans. One of them that is offering this is Nexo. By pledging the assets of the holders, rather than selling them, crypto holders can obtain immediate money and keep the upside of future value appreciation of their crypto currencies and tokens.
|
|
|
|
|
bluehive21
Newbie
Offline
Activity: 92
Merit: 0
|
|
August 27, 2018, 07:52:24 AM |
|
There is no collateral behind Bitcoin because it is a decentralized digital currency which was bought spending your wealth but there is nothing anymore and the only thing you posses is Bitcoin and the profit you might gain by spending it in the future is it increases in price and if didn't that is you problem too but there is no collateral
|
|
|
|
|
ajuelnah akun
Newbie
Offline
Activity: 140
Merit: 0
|
|
August 27, 2018, 08:41:56 AM |
|
there is no collateral for bitcoin, because when buying bitcoin you only need to have money and not need other conditions, such as when borrowing money at a bank.
|
|
|
|
|
btcluisdiki
Member
Offline
Activity: 448
Merit: 10
|
|
August 27, 2018, 09:02:48 AM |
|
All I know btc is a crypto currency for investment and also used as a payment system. BTC is not like fiat currency that you may able to apply for a loan and has a collateral requirement. It does not work for btc in the current situation and we still don't know in the future what will happen next.
|
|
|
|
|
EoNs_COIN
Newbie
Offline
Activity: 31
Merit: 0
|
|
August 27, 2018, 09:35:02 AM |
|
its a method of payment that cant be inflated and has no central authority whats not to love i believe in the future of btc and blockchain technology
|
|
|
|
|
renggileh
Newbie
Offline
Activity: 280
Merit: 0
|
|
August 27, 2018, 09:59:08 AM |
|
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
no, anonymous bitcoin is just a matter of trust. there is no guarantee to be able to have bitcoin you only need to buy it as long as you have money. |
|
|
|
|
SIDDHI777
Jr. Member
Offline
Activity: 196
Merit: 1
|
|
August 29, 2018, 05:21:02 AM |
|
Nothing collateral can be expect behind a Bitcoin investment or a purchase because unlike a bank load or a property investment the only thing you will have after a Bitcoin investment is some curencies for the amount you used to bought and also there will be no once to guarantee you safety except you which is unlike how normal centralized financial corporations work in the real world
|
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
RingWiki65
Newbie
Offline
Activity: 48
Merit: 0
|
|
August 29, 2018, 05:49:01 AM |
|
Because of their is no fixed value of bitcoin so, there is no collateral behind bitcoin it is totally depend of supply and demand.
|
|
|
|
|
KrishaBitcoin
Member
Offline
Activity: 350
Merit: 11
W12 – Blockchain protocol
|
|
August 29, 2018, 05:56:04 AM |
|
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
There is no collateral that is why there are lot of criticism against this investment like Bill Gates and Warren Buffett in which they said that Bitcoin will not last because it has no collateral for the sake of the investors but Bitcoin already build a deep foundation of trust among the people that even it has no commodity to promote but still the people will pour their investments to this coin. |
|
|
|
CrucialTechnology57
Newbie
Offline
Activity: 70
Merit: 0
|
|
September 01, 2018, 12:14:23 PM |
|
I guess there is no collateral behind bitcoin and the positive thing about it is we can do who we want it to do there is no one whom you have to give answer.
|
|
|
|
|
Nayborksta
Newbie
Offline
Activity: 62
Merit: 0
|
|
September 03, 2018, 02:13:23 PM |
|
It doesn't have any collateral behind it because it's value is fiat. Projects like Tether need a collateral because it's price is pegged to 1$ value, it has to be backed by a real dollar.
|
|
|
|
|
AAKODI
Jr. Member
Offline
Activity: 205
Merit: 1
|
|
September 11, 2018, 06:33:20 AM |
|
No one can consider Bitcoin investment as a bank loan or any other investment action we take in the real world this is very new to the world so I don't think there are any collateral behind Bitcoin or its investments and the investor should accept the profit and the loss both in the same way according to the price variation that will happen after the investment and nothing can be expect more than that
|
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
Atlantic12
Newbie
Offline
Activity: 37
Merit: 0
|
|
September 16, 2018, 02:57:12 PM |
|
Collateral is a property or other assets that a borrower offers to a lender to secure a loan, but bitcoin isn't a loan. Bitcoin is also a decentralized body therefore it isn't controlled by a particular individual.
|
|
|
|
|
|
|
fipper
Member
Offline
Activity: 383
Merit: 10
|
|
September 16, 2018, 03:11:34 PM |
|
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
I think for guarantees and who guarantees the development of crypto currencies does not yet exist and guarantees are our confidence and patience in investing with cryptocurrencies |
|
|
|
|
|
