Would you borrow in cryptocurrency?

[hrunya102]

Theoretically, you can use stable coins, depending on what your goal is, once I was looking for such an opportunity, but in the end I considered it not a reliable option.

[Jatawneh]

I never borrow and I dislike the idea, How many one is in profit, I am in a lose and holding, Crypto is high volatile with high risk, when i first invest in Crypro, i invested the thing that I can afford only lose.

[joromz1226]

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 think you shouldn't do that dude, if you have at least any amount of capital to buy altcoins much better to do it, rather than to borrow crypto
currency. Because, most of the articles or community testified that borrowing crypto is not good, therefore the review was not advisable who are planning to borrow crypto, according to my opinion.

[coin-investor]

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?

You did not mention any name of the coins, but if it is a low volatility coin, no it's not preferable and you will eventually lose with that transaction, if you are going to lend Cryptocurrency better go for a top coin like Eth, Bitcoin or Ripple, because the price is going up and you will have profit on it.

[Centriril]

I desire obtain in cryptocurrency just whether I wish change it to ORDER. I wouldn't similar to refer to cryptocurrency in additional to adorn in a propose, as the distinct possibility of me forming a immense release is jolly big.

[Butpow]

The irresoluteness is a superlative issue representing crypto adoption. Various P2P websites went away of occupation later any age when they unsuccessful to control their acceptable.Bitbond is instantly the just trustworthy P2P bitcoin loaning website which is furthermore active toward steady currencies. Newer stand similar Astronomer and NEXO are as well advocating representing steady money as it would be even many fulfilling to both investors and borrowers.

[bibop555]

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[Ezio_Auditore]

My friend and I have been practicing this method for a long time. Several times borrowed from each other is cryptocurrency for withdrawal to fiat. They also gave in cryptocurrency, and it does not matter what the cost was at the time of the loan and at the time of repayment of the loan.

[zee11225]

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.

The use of crypto money in a borrowing system is something new that has not been used much. Even there are still many who do not understand how it works, because the crypto currency changes so fast that if there is no exchange rate agreement, at the time the return can go bankrupt. For example, because the value of the borrowed crypto currency rises very high.
Therefore I am not interested in borrowing in crypto currencies, for me it is very risky. It is better to trade with your own capital, although a little, but can accumulate a lot if you diligently make transactions, especially short-term transactions.

[danipay]

Debt for investment is the beginning of many problems. This is the reason for many financial crises. People think their investment value will go up, but when they go down, they can't pay their debts. If enough people do this, and they cannot pay the debt of the money they use to buy coins, the lender will be affected by this, and can have a spiral effect on the system.

[Roukawa]

There's already a big player that's offering loan worldwide using crypto or bitcoin. Bitbond is running since 2013,you can ask for a loan for your small business and you pay the interest via btc

[mammoniter]

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 can consider borrowing from crypto but only those who are already proven over time like bitcoin and ethereum. I not rely on some random altcoins out there because most of them are worthless. Borrowing bitcoin and ethereum are good for long term goals and investments.

[ganeshramk]

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?

My straight forward answer is no.. As of now and also in the near future, cryptocurrency is just for fun trading or for just extra free money. Definitely, life should not be dependent on crypto.

[hohuan101]

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?

This is an interesting question. If you are, would you accept to use it?
I personally see this as a double-edged sword. Put the case after you borrow, the value of the money goes up. You will face the challenge of how to buy them and pay them back?
If it goes down, that's great. You will have an extra profit about it

[Prompyboo]

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?

My straight forward answer is no.. As of now and also in the near future, cryptocurrency is just for fun trading or for just extra free money. Definitely, life should not be dependent on crypto.

it all depends on how much you believe in the industry and if your faith is strong and you understand that the cryptocurrency did not come here for 1 year, then you can connect your life with crypto

[Fadhil Pahlawadi]

I do not dare to borrow and I am not interested in borrowing in crypto currencies, even though crypto currencies have low price volatility.

[indriasyifa]

tokens that have low volatility Despite having guarantees, I don't think there will be many enthusiasts, because using the price of this token will not move up significantly, this guarantee will not mean that the asset will accumulate on one of the tokens.

[Fred3030]

As far as I know there are some crypto project that are platform concerned with given out loans to those that needs it. Nexo for example is a project that give you fiat as load while your collateral with them is crypto. If the market is experiencing an uptrend I think it beneficial to go for crypto backed loans as you collateral seems to appreciate
In value through the period you loaned the money. But during a down trend the reverse is the case as you will stand to loose you crypto collateral due to liquidation .

[lizaangel321]

What kind of borrowing can we talk about? If volatility is small, it is impossible to borrow, because if the price rises, it will be a failure, to lend only with high volatility.

[qomariah95]

I still don't know about crypto loans. It is interesting for me if there is a place for a loan in crypto. But what I'm confused about is when we want to borrow. What guarantees should we give? Do you have to do KYC first or have other conditions?