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Author Topic: Would you borrow in cryptocurrency?  (Read 42370 times)
ofKJVb
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May 28, 2019, 02:23:35 PM
 #481

I wouldn’t achieve that as cryptocurrency is not extensively victimized instantly and those humans who are instantly investment in it largely aloof wish to create cash
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Script3d
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May 28, 2019, 02:54:34 PM
 #482

Borrowing cryptocurrency is risky, you might end up paying much more compare to your loan amount, fiat is the way to go if your borrowing money, and if you borrow with cryptocurrency the amount you loaned might go down compare to the original amount you loaned, it would be a pain paying off your loan.
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May 28, 2019, 03:30:13 PM
 #483

I assume 't actually similar adoption so I won't accept all the more though thither are coins that get dropped in measure as they are as well bad, as it causes me dolorous investment.
logicgate
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May 28, 2019, 10:29:08 PM
 #484

I assume 't actually similar adoption so I won't accept all the more though thither are coins that get dropped in measure as they are as well bad, as it causes me dolorous investment.
 Even then it think one should not borrow because it is not good and no one will be agree as well in crypto currency everyone want to get profit being a single investor with no shares, so the same ways I think it is not profitable to borrow for shares in profit but if your investment is all yours then you can borrow.
ccryptopark
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May 29, 2019, 12:27:13 AM
 #485

I think it's a worthwhile use case for sure. I would like to borrow for a small amount in comparison to what I have in my bank account. I just worry about the volatility at this moment in time.
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May 29, 2019, 12:45:54 AM
 #486

I've come across projects that make borrowing crypto possible but it's necessary to take the volatility of crypto into consideration before taking any loan. A coin might be worth a dollar today but when you're expected to pay back it will be worth 10 times that. So be careful.

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franciscoDC
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May 29, 2019, 05:14:57 PM
 #487

I will go on to my own capital to invest my money and not borrowing in crypto because as you‘ll know it has interest so for me this thing will be more hard because you will pay it with interest unlike if you will work for money there‘s no chance to pay any interest.

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May 29, 2019, 07:40:50 PM
 #488

Lending in cryptocurrencies is not easy. You need to have some collateral, without that, nobody will lend you.
Is it good? It is because people are borrowing more than they can afford.

Yup, my friend, without collateral there won't be any party that will lend it except your family or close friends. Again, crypto tends to be a decentralized coin and this must be hard to trace when there is abuse. And of course when the concept of crypto borrowing is done, the crypto crime rate is increasing, this will worsen the crypto image.

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Mata Kripto
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May 29, 2019, 08:03:44 PM
 #489

I have absolutely no sense of wanting to borrow funds in the form of cryptoqurrency because I feel that it is more risky, in the event of a refund, later it can consume a larger interest and it will also drain my pocket later if I have no funds to pay back.

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uray
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May 29, 2019, 11:15:24 PM
 #490

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 would never dare to borrow in cryptocurrency simply because of the high volatility of the market, if you look back at this forum there were people who loaned some huge amount in bitcoin when the price was really low and he took it for the long period and during that time the price has risen to a level that was never expected and hence the lender has to change the terms in order to accommodate that but if he was adamant he would have being doomed in that situation, i will gladly accept the loan in a stable coin and not in any other crypto.
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May 30, 2019, 04:54:48 PM
 #491

It is dicy hither. You told whether the irresoluteness is little. On the other hand thither is whatever currency that presents assure of minimal irresoluteness. All the more lead buoy bead consume. It is potential.
Jushura
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June 02, 2019, 07:41:02 PM
 #492

Adoption coins is not a great choice to create, the equivalent of danger that we achieve ballplayer be bigger whether we are unqualified to cope with it. It is greater to keep off adoption coins.
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June 02, 2019, 08:08:29 PM
 #493

I never borrowed or gave loans to other people, because I did not know how the system was used in borrowing and lending, because I was afraid that I would be deceived by someone else. I'd better use crypto to capitalize on another project.
gendang_cinta
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June 02, 2019, 08:30:07 PM
 #494

I never borrowed or gave loans to other people, because I did not know how the system was used in borrowing and lending, because I was afraid that I would be deceived by someone else. I'd better use crypto to capitalize on another project.
indeed it is very risky if we borrow or lend money in crypto currency because the value changes so we can experience losses.
so it's better to invest with what we have, we don't need to be too rash to make us borrow.
Docbee
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June 02, 2019, 09:21:38 PM
 #495

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?
Yes, i will borrow in crypto if it less volatile, just like you know volatility is one of crypto characteristics which we can't do without, therefore it wil be risky borrowing in cryptocurrency.
cryyppton1
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June 02, 2019, 09:40:51 PM
 #496

As for now i will not borrow in cryptocurrency, the market is not stable  enough to encourage borrowing.

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Ryan Dugan
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June 02, 2019, 11:34:02 PM
 #497

I have always wanted to borrow and loan crypto for a profit but the problem is it will take a long time to break even and if you don't break even and the website you use goes away or is not there one day you try to login then you have a problem. Most sites do not tend to stay open for very long and we have seen these so-called investment sites are no more the elaborate Ponzi schemes. If there were more surety and trust then I would definitely want to earn interest on my crypto holdings.

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June 03, 2019, 03:59:34 PM
 #498

I get not borrowed in cryptocurrency earlier on the other hand I anticipate when the require arises, its not poor to adopt in cryptocurrency. That's the work of existence an investor in cryptocurrency.
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June 03, 2019, 04:13:36 PM
 #499

I get never borrowed cash in the formation of cryptocurrency as I was not fascinated in behavior it, crypto is hard to speculation, possibly thither is a complex principle whether you wish to refer to cash in crypto, I anticipate it's greater to appropriate cash over a deposit
kleshovab7
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June 03, 2019, 04:27:45 PM
 #500

Exactly, it sounds out plumb extremely alluring. On the other hand the hazard are furthermore extremely big. Hither, various humans address almost the irresoluteness of cryptocurrencies, and, of line, we should listen to the more than half conclusion. It is not always equitable to capture a credit in Decree, on the other hand all the more many so to capture hazard and capture cryptocurrency. I am always cramped whether I be in debt to individual. Largely whether the marketplace is all at once growth, and my obligation is accelerando. Then, it is greater to trust on your assets and be extremely deliberate with advance.
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