Would you borrow in cryptocurrency?

[integrity42]

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

But it is a great risk to take a coin on credit or debt, because nobody gives a guarantee that a person will succeed, in case he loses everything and has to pay off something with a loan

[maxitdev]

Check our project:
https://www.maxicreditcompany.com/

If you need money, would borrow it with our project's the conditions?

[Leo]

It's highly risky mehn to borrow and invest in cryptocurrency,  you can only do that you have an inside news about a coin that's gonna pump hard then you can borrow if you don't have but if not its highly risky to borrow and invest in cryptocurrency

[maxitdev]

What if, when a cryptocurrency's price won't be volatile and its price will be predictable?

[cryptofirm]

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?

the question, why you borrowing in cryptocurrencies ? tell me the reason,
because i never have a plan for that,, i started with a little money in crypto and slow but sure now my portofolio growing,,

[Naughty Princess]

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.

I agree. Crypto price is very volatile and fluctuates every time that is why I prefer to borrow with fiat. Borrow on fixed amount so only interest will make it higher and you know exactly how much you are going to pay. Though crypto is really acceptable, I wont take the risk to borrow it, mich better to work and be paid with crypto.

[elitemobb]

And the sense to take those tokens that are practically worthless for a long time seems to me the slightest fluctuation of the market will simply devalue this token and you will lose your money.

[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?

the question, why you borrowing in cryptocurrencies ? tell me the reason,
because i never have a plan for that,, i started with a little money in crypto and slow but sure now my portofolio growing,,

What if I get my salary in some crypto? Then getting a loan in fiat will be risky for me.

[maxitdev]

And the sense to take those tokens that are practically worthless for a long time seems to me the slightest fluctuation of the market will simply devalue this token and you will lose your money.

read about the concept of Maxit:
https://www.maxicreditcompany.com/whitepaper.pdf

[Ayiranorea]

I used to borrow in terms of bitcoin from my friends. As of now this isn't common as people aren't much known to the same. In later years can expect financial services with the borrowing access in cryptocurrency. Already we've got similar services with perfect collateral on cryptocurrency and tokens.

[Forbiddenone]

borrowing should always be done in stable asset , only it is not advisable to borrow to take borrow in gambling asset .there are some project which are working who offer loan but it should not be taken or you should taken only in condition if they borrow amount is taken in fiat amount not in respective crypto amount.

[Invigorated]

Oh well, if the conditions are right and everything is done is a sincere, transparent and secure atmosphere then why wouldn't I? After all crypto is meant to be accessible, free and accommodating to all who need help. I think with the right facilities, it could be a great way to further promote crypto adoption.

[axel2078]

In my own opinion, borrowing in cryptocurrency is a NO NO. This space is highly volatile, unstable price etc, you never can tell what will happen in the next minute. In as much as I can't do it, I can't encourage anyone to do either.

[Dikarama7]

I have not been interested in borrowing in crypto because of the nature of volatility and I think it will be risky, and I prefer to use my own capital.

[aemma]

I hardly borrow with fiat let alone cryptocurrency. I think borrowing with cryptocurrency isn't a good call owing to its price instability or volatility.

[pedpedped101]

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?

Why should I borrow cryptocurrency in the first place? Any platform that would offer such service, would not do it free. They will want to get something in return, which sometimes might not be favourable, most especially when you are to pay back.

[maxitdev]

Why would anybody borrow in cryptocurrency?
Because if you borrow in a coin which price is stable then it can be done with a lower interest rate as in fiat, cause there is no need to third parties like a banks.

[Okity21]

I would borrow up cryptocurrency.
I think cryptocurrencies are a very good way to make money.
Cryptocurrency market gives a chance to all participants to make a profit if you make the effort and knowledge.

[Flezy]

I don't think I can risk that, it is way too risky. This space is filled with risk already owing to price volatility, now borrowing in cryptocurrency will be another issue on its own.

[Boombull]

I don't interest to borrow any cryptocurrency or to lend someone any of it. It is just like borrowing people's money which most times, it is not always easy to get your money back. Also another thing that does not make lending in crypto attractive is the issue of volatility.