Would you borrow in cryptocurrency?

[jossiel]

Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.

Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying.

You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.

[Beyerd17]

Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.

Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying.

You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.

Fluctuation risks could be at least somewhat mitigated by borrowing in a stablecoin or a basket of stablecoins. Maybe stablecoins are the future for cryptobanking. Who knows.

[jossiel]

Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.

Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying.

You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.

Fluctuation risks could be at least somewhat mitigated by borrowing in a stablecoin or a basket of stablecoins. Maybe stablecoins are the future for cryptobanking. Who knows.

Yeah you can mitigate it that way but we are all in crypto because of the volatility, usage and the potential profit that we may get from accepting the risk of being volatile.

What would be the purpose of investing with borrowed or your very own money if you will just by stable coins? their value never change and you are likely to get exact amount with what you invested.

[Levyathan]

What you mean? You asking for a loan? I dont think anyone would give you a single token even though it is not worth it. 

[Matthias K.]

When I borrow, I usually borrow for long terms. And then why would I borrow crypto, which on long term should increase in value, when I can borrow in fiat, which value decreases in time?
So no, I don't borrow crypto, it's bad business.

[playboy654]

I don't have the confident about borrowing something will not came to our life for a long time because it will not been involved any type of work from our side that's why I don't trust it anymore.

[Caladonian]

Crypto is not unpredictable in short term, so if you would like to borrow, then better to look for s long term like a year or two.

Before borrowing, think of it that the money you will use for buying crypto can swing from time to time. And as much as possible, not just a long term like around those years but you should be able to understand on what you are buying.

You mitigate the risk and you are dedicated with that decision because once the market dip, you may never know on how long you need to wait and when it will start to recover. These are the few points before borrowing and actually there are plenty of it.

Fluctuation risks could be at least somewhat mitigated by borrowing in a stablecoin or a basket of stablecoins. Maybe stablecoins are the future for cryptobanking. Who knows.

Yeah you can mitigate it that way but we are all in crypto because of the volatility, usage and the potential profit that we may get from accepting the risk of being volatile.

What would be the purpose of investing with borrowed or your very own money if you will just by stable coins? their value never change and you are likely to get exact amount with what you invested.

I don't see any good reason taking the risk without any expected outcome benefits, most of us if not everyone are aiming for potential profits so it's really about making money with your investment or even with the lend money that you will be investing inside this market, if you really believe and you have passions to learn more about this industry, borrowing money for the sake of much better results can be performed.

[Pet240]

Instead of borrowing from any cryptocurrency platform, why don't you think of ways through which you can start small and build on what you have through trading and investment.
The resultant effect of borrowing is not always encouraging.

[2Kool4Skewl]

I somehow do not see the point.  Why borrow if you can trade and at the same earn.  As it is not a very smart decision.

[judyrob]

Borrowing tokens is not a good decision to make, the level of risk that we do may be greater if we are unable to manage it.
It is better to avoid borrowing tokens.

[niisarearning]

I personally not believing borrowing using crytpo currecny because of price volatility if it is like some tether stabel currency i would consider . there lots of lending platfroms . Ethlend is one of the famous among them . Currently i am not interested on borrowing crypto currency.

[Ochakemaput]

I personally not believing borrowing using crytpo currecny because of price volatility if it is like some tether stabel currency i would consider . there lots of lending platfroms . Ethlend is one of the famous among them . Currently i am not interested on borrowing crypto currency.

borrowing crypto is almost the same as an investment for me. but all depends on how the calculation, if calculated in the amount of fiat I think the calculation will remain the same. but if the calculation is the amount of crypto loaned, it can be an investment tool, where the value does not become a calculation but the quantity of the assets we borrow is considered.

[nwosuchristabe2]

It's definitely not a good idea to borrow in cryptocurrency due to the inherent nature of the market and the fact that the amount borrowed could be difficult to repay. I remember bitcoin ones traded at $20,000 and some persons were expecting the value to increase above $50,000. Imagine, if someone has borrowed at the rate of $20,000 expecting the value to increase, so he can pay his creditors only for the value to be on constant decline since that period. In cryptocurrency industry, its best to only invest what you can afford to loose.

[Huntler1993]

Due to the high anonymity state in the crypto space you should always be careful with the things you involve in. Borrowing and lending might not be bad if we were all to be sincere to ourselves but how can we ensure that, so to prevent any misunderstanding just don't go for it.

[julius caesar]

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 am borrowing my initial funds needed whenever there comes a time that projects are entering the market and I see it promising. But considering the fact that there is no borrowing platform that I can trust, I rely on my friends, ask for their help and they are immediately sending me bitcoins and I repay them based on my profit.

[Mila52]

 A loan'c service is a voracious pit. I think that at this stage a cryptocurrency loan will not bring any profit to either the lender or the borrower. Let me give you an example of fiat:in the countries with unstable economies  it isn't recommended to take a dollar loan even in banks.

[charlop24]

Borrowing in cryptocurrency could be very risky considering the volatility of the market and the fact that you will have to pay interest on the amount borrowed which may be compounded, depending on the agreement. My advice is to only use your extra funds or an amount you don't need for a long time.

[kidoseagle0312]

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?

Whenever I never borrow any crypto and Bitcoin in this business industry. It is too risky if you do it here, they will ask for sure a collateral
from you which is not good. So if I were you don't you ever try do it, due to it can wreck you in the end believe me on that things mate.

[trudovik]

A lot will depend on how much volatility there is, because there are opportunities to simply take money in time and then not give anything back, because cryptocurrency has risen in price. This is very cool.

[Thermytee]

I don't think borrowing is a new thing. Currently a coin does that though more like loans. I will only borrow BTC or ETH as they are major indicators. For NExo giving out crypto loans, you'll need to deposit all your tokens with them and you'll borrow a loan that's within the worth of the total sum of your crypo portfolio.