Would you borrow in cryptocurrency?

[jossiel]

Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.

Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying.

You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.

Fluctuation risks could be at least somewhat mitigated by borrowing in a stablecoin or a basket of stablecoins. Maybe stablecoins are the future for cryptobanking. Who knows.

Yeah you can mitigate it that way but we are all in crypto because of the volatility, usage and the potential profit that we may get from accepting the risk of being volatile.

What would be the purpose of investing with borrowed or your very own money if you will just by stable coins? their value never change and you are likely to get exact amount with what you invested.

I don't see any good reason taking the risk without any expected outcome benefits, most of us if not everyone are aiming for potential profits so it's really about making money with your investment or even with the lend money that you will be investing inside this market, if you really believe and you have passions to learn more about this industry, borrowing money for the sake of much better results can be performed.

It's a good idea if you are borrowing an amount that you can pay or afford to lose just to learn the market.

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[Tyoks]

Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.

exactly... for example, we borrow 1 Bitcoin when Bitcoin is priced at $ 2000 then the price of Bitcoin rises to the price of $ 5000, indeed our debt is only 1 Bitcoin but the value is far different, so I think borrowing in cryptocurrency is a bad idea.

I also think that borrowing from cryptocurrency is not a good idea and later there will definitely be a problem at the end when you want to return it, it's better if you want to borrow real money and then buy crypto coins for investment.
so when you want to return it there will be no problem, because we return it with real money only.

[adekogbe]

Borrowing in cryptocurrencies is not feasible because a person can borrow or loan a coin that is going to increase in price in the nearest future unless the borrowing is done with stablecoins.

However when borrowing is done in cryptocurrencies what will your collateral will be used to stand in case of you forfeiture of the this means that there has to be a relationship between crypto assets and real life assets for this type of transaction to be possible.

Additionally there are still not regulations in place to allow this to be possible so there is still a very long way before borrowing in cryptocurrencies can be possible.

[giletto]

It is shear delusion. How can you borrow to invest in a market you hardly can control its movement. Cryptocurency is highly volatile and it is advised to always invest in it with spare funds

[dimastegar]

I did not recommend crypto coin borrowing, except for small things. For example, your friend needs a little ETH for transaction fees. And at that time you have ETH with the right amount to send.
It would be better if you borrow in the form of other USD or stable coins, as long as there is no interest.

[Catmurs]

I do not lend in Fiat money , not that in cryptocurrency , it is better not to lend in cryptocurrency , as it is fraught that you just do not return the money

[Capt00]

Borrowing in crypto has pros and cons because when the value of bitcoin drop you can buy it with a low cost but when in high value maybe your debt was doubled too when it comes dollar value. That really not good idea but if you don't have any choice then you can lend bitcoin and close your eyes for possible losses.

[LUCKMCFLY]

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?

If you are going to make a loan it is not good to do it in cryptocurrencies, because really at this time it is very likely to go down in price and when you go to pay it will be very difficult to do it since it will demand many more coins and it will be more difficult to find them ..

Now if the loan is long term, to years if you can borrow, because due to the current market that is in the accumulation phase, by spending a good time is likely to have reached the bullish trend stage.

[letyouearn]

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?

Borrowing in crypto.. why not? In fact if you are margin trader, you are doing just the same, while trying to short-trade, right? So, the idea is not new, it's quite common.

[Beyerd17]

Borrowing in cryptocurrency is a very bad idea and I cannot do it, it is the same thing as borrowing to invest. This is wrong because you are not in control of the price of any coin or tokens you want to invest in and if any unforeseen circumstances happens then you are doomed. And also when the payback period of the loan or money borrowed is due, you might have not made returns from the money borrowed which will make you to start sourcing for other means to repay the money back.

exactly... for example, we borrow 1 Bitcoin when Bitcoin is priced at $ 2000 then the price of Bitcoin rises to the price of $ 5000, indeed our debt is only 1 Bitcoin but the value is far different, so I think borrowing in cryptocurrency is a bad idea.

It's the same problem 3world countries have when they borrow in dollar terms, then their local currency tumbles and they owe the same amount of dollars, but a lot more in their local fiat currency.

[martychubbs]

We are still far from being confident in our digital currency. The market is oversaturated with bank offices ready to give you fiat so there’s a long way to go for borrowing in crypto.

[Galley]

While the cryptocurrency will have high volatility, loans in it are subject to too much risk. Lending loves peace and quiet, and not a roulette, which will lead you nowhere. Lenders still set to receive stable profits.

[Chika08]

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?

I have heard about  many projects and exchanges offering means of offering loan to people. I really don't know how it works although I would like to try it out though.

[allohha]

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?

I have heard about  many projects and exchanges offering means of offering loan to people. I really don't know how it works although I would like to try it out though.

I used to always pay attention to those projects that should be in high demand in the cryptocurrency market.  I believe that the cryptocurrency market should evolve and will continue to develop. That is why always participate in the Bounty trading platform companies.  But today, apparently, their relevance has changed dramatically, since some projects even even close sites.

[trash321]

If necessary, people will use this and I do not think that this is a bad idea, this is a normal idea, as far as I remember there was a project called MoneyToken, there’s about the same meaning, but I don’t know if people began to take loans

[Redemption59]

Even in fiat currency, I hate borrowing and how much more in cryptocurrency. what is the authenticity that the lender will be paid back? people are already behind the world of cryptocurrency and talk of borrowing or lending in it. will you even borrow from a coin with no proper or special volume? only the top 5 maybe and even with that, how many people will be interested. to me, I wont borrow in cryptocurrency.

[Marine8]

Borrowing would have been a good thing in the crypto community, but the question is, who will borrow the tokens out? And if he does it, how is he going to track those who have borrowed and dont want to pay back. Some people will just borrow huge sums, and exit.

[efxtrader]

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?

I will not borrowing cryptocurrent because the price very high volatile and there is no regulation yet. Its about interest rate and i am believe as long there is no regulation, the rates must be very high. Beside that, with market condition right now, i think its not good borrowing crypto, better buying with our own money because the price very cheap

[siena23]

I think it's good, it's the same as we borrow gold. So it's very lucky if we borrow at a high price and return at the lowest price. And also must be able to choose a good coin to borrow.

[Yutikas_11920]

Borrowing would have been a good thing in the crypto community, but the question is, who will borrow the tokens out? And if he does it, how is he going to track those who have borrowed and dont want to pay back. Some people will just borrow huge sums, and exit.

when you trade with the capital money from the loan, it will make you become depressed and not experience calm when you trade will make you feel very depressed and the cryptocurrency price movements also do not always experience price increases so you have to be careful when borrowing money only for trading.