Would you borrow in cryptocurrency?

[Burogh]

I am interested in opinions about borrowing in cryptocurrency.

People rarely borrow a crypto currency because of its crazy volatility, many tokens are vulnerable to unpredictable price fluctuations, it is too risky to borrow in a crypto market.

With that volatility you can't predict how your barrow crypto will be in returned, but not to convert it into fiat value it's still the same amount of crypto that you lend and you need to repay, if you'll going to use it to something that profitable like trading or investing to good project chances to grow that lend money is always possible.

I think this is like margin trading, we using leverage to buy more coin with small amount of money. If this is right, i think need more regulation because there is should be central office to process this transaction. Better use our own money we can afford to lose rather than borrow.

[Snowworker]

I foul achieve not look the location. Reason accept whether you buoy commerce and at the equivalent gain. As it is not a extremely smartness choice.

[Beyerd17]

I am interested in opinions about borrowing in cryptocurrency.

People rarely borrow a crypto currency because of its crazy volatility, many tokens are vulnerable to unpredictable price fluctuations, it is too risky to borrow in a crypto market.

With that volatility you can't predict how your barrow crypto will be in returned, but not to convert it into fiat value it's still the same amount of crypto that you lend and you need to repay, if you'll going to use it to something that profitable like trading or investing to good project chances to grow that lend money is always possible.

I think this is like margin trading, we using leverage to buy more coin with small amount of money. If this is right, i think need more regulation because there is should be central office to process this transaction. Better use our own money we can afford to lose rather than borrow.

I would advice against borrowing in cryptocurrencies. The fluctuation risks are just too high. It's a shot in the dark at best. It's always a smart move to try to minimize the risk of borrowing, especially if it's a large amount.

[Ayiranorea]

Unlike the price fluctuation I will prefer borrowing in terms of cryptocurrency. I haven't borrowed tokens, most of the time the borrowing takes place between me and my friend. Here we borrow in terms of bitcoin, and while returning I used to return it in terms of bitcoin. Upon this even if there is some form of price variation there isn't any change in value. The same won't be that effective when it comes to business related borrowing.

[Teawhalee]

It depends although it’s not Good to borrow to invest in any coin. But it’s a risk that some people have to taken with great research before making final decisions. Personally I can borrow to buy a coin maybe top coins and not  new Ico tokens.

[siglesias]

Of course not, I will never borrow money in any form. There is no reason for me to borrow money and or crypto. Besides that, living full of debt will only burden me.

[Teknisi88]

Of course not, I will never borrow money in any form. There is no reason for me to borrow money and or crypto. Besides that, living full of debt will only burden me.

The words of debt are indeed unpleasant to read, especially if we have them, so it's better to live modestly without debt than we live in luxury while we are always chased by debt, and it would be great if you really want to avoid the debt .

[No One]

I really do not know how to borrow in cryptocurrency. I am however interested in it. In fact, I am in short of money, but want to buy some coins like binance coin, kucoin shares and prepayway coin. I have heard that coins can be borrowed. But how to make it? Can I get profits by borrowing coins? What are the ways to borrow? If you guys know let me know.

[manismanja]

Of course not, I will never borrow money in any form. There is no reason for me to borrow money and or crypto. Besides that, living full of debt will only burden me.

The words of debt are indeed unpleasant to read, especially if we have them, so it's better to live modestly without debt than we live in luxury while we are always chased by debt, and it would be great if you really want to avoid the debt .

besides that the risks that will be faced will be very large as far as possible stay away from loans from Crypto.
indeed, the need  nobody knows and sometimes requires suddenly so that sometimes someone makes a bad decision by taking actions that can make us lose.

[kangkilokang]

borrowing Crypto currency, it will have a big risk so that before you borrow it you think well.
In my opinion, we may not need to borrow despite the shortcomings, because borrowing us will be uncomfortable because it will definitely make us think of returning money. while Crypto can change at any time so we think about it.

[Galley]

Being engaged in lending with such huge volatility, which is subject to cryptocurrency is a very adventurous occupation that serious people simply will not engage. The risks are too great.

[nerlial]

I would not borrow a cryptocurrency. In general, crypto is highly volatile and I think that it is not a good idea to borrow crypto.

[olamidey]

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?

As a borrower you would really tend to borrow up tokens/crypto that is mostly on the top rank yet we do see the volumes of it.BTC ETH and other top coins might do but
for the rest then i dont think someone would really be interested.

As a lendor then you will always target out profitable coins for you rather than choosing low price tokens.

In borrowing in crypto, you have to be very careful. I for one will only advise you to borrow in tokens that are guaranteed not some random shitcoins. If you borrow in BTC and the price goes up, you're paying back in a higher USD value. Same goes for Eth and that's the problem in borrowing. 
I know nexo does some form of borrowing but you have to have some crypto portfolio which it's total value is what will be used to determine how much you can borrow. It's a risky venture to me.

[MikeyVeez]

It depends on terms of the loan, if you have to pay off debt in cryptocurrencies or in fiat currencies.
Imagine that you borrow in cryptocurrencies and pay for a mobile phone, then bull market comes and you have to pay for the mobile 5 times more  .

[Beyerd17]

It depends on terms of the loan, if you have to pay off debt in cryptocurrencies or in fiat currencies.
Imagine that you borrow in cryptocurrencies and pay for a mobile phone, then bull market comes and you have to pay for the mobile 5 times more  .

Things like that would act as a deterrent for people to borrow cryptocurrencies. The only way that would be viable is if you make a deal for a set/fixed exchange rate BTC/fiat, so that one could avoid paying x times more (or less).

[Pet240]

~

Every borrowing is accompanied with an interest, which is the reason I do not like doing that.
If I must borrow, which I have never done before, then I would have to put a lot of things into consideration.
That not withstanding, I will advise not to borrow, but find good ways in which you can earn.

[Beyerd17]

~

Every borrowing is accompanied with an interest, which is the reason I do not like doing that.
If I must borrow, which I have never done before, then I would have to put a lot of things into consideration.
That not withstanding, I will advise not to borrow, but find good ways in which you can earn.

You would have to pay interest to borrow, that goes without saying. Why else would anyone take the risk and borrow you any money. How high interest is another discussion though, what would be a fair interest rate?

[PedroCrypto]

Now? Yes, it is good timing to buy some good alts. I have 50% my investment on BTC and ETH, and other 50% on BTT, HTA, NEW, XMR, XRP. Also a lot of shitcoins from airdrop and bounty, hope any of them can also bring me something...

[zauna35]

never) borrow money in a cryptocurrency that means signing a sentence for yourself .. just imagine, today you borrowed one ETH, which cost $ 100, and woke up the next day and it turned out that you already owed $ 3000 as the rate went up) I do not argue, maybe on the contrary, but there is also a "law of meanness" that will definitely play against you) so it is very dangerous to occupy a cryptocurrency

[Andthis]

Possibly the assembly already had analogous juts, as thither was a extremely big exact representing much utility, on the other hand instantly I cannot add that thither are much proposals, as various tasks just unsuccessful and achieve not add anything almost themselves