Would you borrow in cryptocurrency?

[maxitdev]

Why borrow cryptocurrency when you can earn it for yourself?  I dont think i can ever borrow cryptocurrencies, so i dont even have an idea as to how people does that. Several avenues has been crrated f9r crypto l9vers like us to earn these cryptocurrencies free of charge and they are; through bounty, airdrops, moderation and mining

How many people can get a serious amount of cryptos in bounties, airdrops or mining?

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[nitin8263]

No I can never borrow in cryptocurrency because it can be a too risky to borrow in cryptocurrency, In a crypto market price always get up and down, if you borrow and  he price of the crypto got very high in future so how will you pay borrow.

[aji567]

I have borrowed a cryptocurrency, because I was in desperate need of investment and withdrawal. if I experience the same thing at this time then I will not borrow again, because cryptocurrency is now slowly starting to improve and continue to increase.

[Xenrise]

I know that it is possible for you to borrow cryptocurrency but I guess that it is not good for the long run. Since we know that bitcoin is very volatile and what if you borrowed let's say .05 btc and the repayment for that is .055. What if bitcoin got high the right time you just received the money? Then it continues to go up still? Then it'll be your lost in the long run.

[bestpikka]

I think all depends on the needs of each and I choose not to borrow crypto because it is very risky and if we are wrong in calculating then our funds will be drained with more severe losses.

[ceetoo224]

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?

Is there any available platform where you can execute what your are thinking right now about borrowing tokens? If there is so then it will be good since it is regulated, but if you are just going to contact your friends to say, may I borrow, then it is unfavorable, you might have some conflicts if the market price of the particular coin goes so high.

[livingfree]

If it's about investing in cryptocurrency, I would do such actions like borrowing for it. I've learned that it's a bad decision to borrow money if you're going to buy crypto's, you can never estimate the volatility of that coin. If you want a coin and you badly needed it, use your spare money for that.

[maxitdev]

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?

Is there any available platform where you can execute what your are thinking right now about borrowing tokens? If there is so then it will be good since it is regulated, but if you are just going to contact your friends to say, may I borrow, then it is unfavorable, you might have some conflicts if the market price of the particular coin goes so high.

We are developing a peer-to-peer lending platform MaxiCredit, its currency Maxit, and a commercial platform borrowed money can be used
https://www.maxicreditcompany.com/
https://www.maxicreditcompany.com/whitepaper.pdf

I am curious about the opinions as part of the validation of the project.

[VIP BTC]

The token borrower concept is a new innovation in the world of cryptocurrency, I see here we can get capital to trade, but I also see that there are still many things that need improvement in crypto borrowing, such as regulating procedures for receiving assistance or how to verify honest borrowers with dishonest ones.

[BuNga_cute]

Previously it had never occurred to borrowing coins or tokens with credit, maybe this is a new thing, actually it is very interesting for those who are happy to borrow because it can help you get capital to trade

[mcTether]

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 once borrowed cryptocurrency from a friend precisely DGTX. But it wasn't a good experience. I borrowed the coin last year when the price was just 3 cents. But I regrettably paid back at 7 cent rate as it was the current price during payback time which was a great loss to me.

[JCviggen]

I wouldn’t do that because cryptocurrency is not widely used now and those people who are now investing in it mostly just want to make money

[maxitdev]

The token borrower concept is a new innovation in the world of cryptocurrency, I see here we can get capital to trade, but I also see that there are still many things that need improvement in crypto borrowing, such as regulating procedures for receiving assistance or how to verify honest borrowers with dishonest ones.

Read our White paper:
https://www.maxicreditcompany.com/whitepaper.pdf

We are building a credit score system to verify honest borrowers,

[sandgluenick]

Previously it had never occurred to borrowing coins or tokens with credit, maybe this is a new thing, actually it is very interesting for those who are happy to borrow because it can help you get capital to trade

It is true that the existence of a loan system certainly helps investors to start trading, but I am not sure it will have a good impact on market stability because it is possible for people to continue to borrow. If that's good, I won't mind and always support it.

[Dervish doff]

this is a loan concept in the future, in my opinion, if there is a program like the one written above, there will be a new event in the crypto world. it means that if crypto has the relevant price, okay, we will work together, but if a crypto is not valuable on the market and has no influence at all, so our income or capital will suffer losses, if it is worth eating I will borrow, if not, then I will turn away.

[naufals4]

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 might not borrow cryptocurrency because the main reason is that cryptocurrency prices are unstable, sometimes they are expensive, sometimes they are cheap and that happens in a fast time. besides that, such loans must have an interest rate and that would be very not good to us. so my advice might be don't borrow cryptocurrency

[maxitdev]

I wouldn't do that because cryptocurrency is not widely used now and those people who are now investing in it mostly just want to make money

What if you can use your borrowed coins to pay your bills or buy services and goods?

[royalfestus]

I think only the stable coin should be preferred when borrowing any coin. In a bullish market it might be a struggle to make profit when bitcoin is borrowed and the price keeps going up. Most altcoins trade at that time might not be bullish enough to make profit. Moreover, interest is still awaited

[jakelyson]

If ever there comes a need for it, I will borrow in cryptocurrency. I mean, it does not matter if the price fluctuates because you are still paying them back in cryptocurrency. I earn crypto, so I can borrow crypto and payback in crypto.

[jerrison]

borrowing in cryptocurrency is like selling tomorrow today, when you borrow in cryptocurrency is actually putting a log of challenges much more than you consider solving but people unconsciously do not consider this and they just go ahead and borrow and later they find out that it was worse than what was intended.