Would you borrow in cryptocurrency?

[Ayobami99]

Personally, I do not subscribe to borrowing. It can be very risky on crypto space to say the least. What if the token peaks,  then returning may be hard for the borrower, if it dumps then the lender looses. Both parties have to decide on the terms, do they want the lending to be based on the value of the tokens or the quantity. I'd rather suggest dealing in stable coins if anyone is considering crypto borrowing

[EdenHazard]

I think it's good, it's the same as we borrow gold. So it's very lucky if we borrow at a high price and return at the lowest price. And also must be able to choose a good coin to borrow.

If you borrow 1 bitcoin then whatever the price high letter then you must pay 1 bitcoin also at that time. So, what do you believe that borrowing bitcoin at a cheap price and paying bitcoin at a high price? It will be the same. Unless, if you borrow money to someone and you buy bitcoin at the lower price and sell it at the high price then you will get a profit.

[tabas]

To be someone that won't have any problem with financial matters, you should avoid borrowing whether its with cash or crypto. And with that said, I won't borrow for now because I think that things are fine on my side and there's no need for me to borrow. What example of those tokens that has low volatility?

[Amalker]

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'm always tried do not to borow anything and to use only your own funds. But for now there are several projects, like Maker DAO, that's looking trusted and on bullish market trend allows to increase your funds and make more profits.

[mardaed]

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 dont think someone wants you to borrow even in single cents or token, crypto is so risky and also its anonymous. I dont believe if there is one person wants you to have or borrow their tokens if have then its must be a scammer.

[Raymondavid47]

I will borrow in cryptocurrency only if I want convert it to FIAT. I wouldn't like to borrow cryptocurrency in other  to invest in a project, because the likelihood of me making a huge loss is pretty high.

[steveabrahams]

I prefer to not borrow for cryptocurrency, because what if something bad happen and the value of tokens that you buy with your money borrowed from someone decreased. It would be mess and in the end you can't pay back what you borrowed. I'm not a fan of borrowing money/coins from others.

[Bitbtc8]

I've never been lucky in borrowing fiat to invest and make it come out in success I guess same goes to borrowing crypto ,its not very ideal to me and this can makes you be in debts easily ,also remember that crypto lose value anytime anyday ,more value lost equals to more debts on your neck ,its trouble when borrowing crypto to invest

[spike420211]

The problem is that you have to be 100% sure that the coin in which you will be able to take debt will grow in the time frame in which you need it, otherwise your debt may greatly increase the potential for a very volatile market and the risks will be high.

[Gheka]

I prefer to not borrow for cryptocurrency, because what if something bad happen and the value of tokens that you buy with your money borrowed from someone decreased. It would be mess and in the end you can't pay back what you borrowed. I'm not a fan of borrowing money/coins from others.

I also don't like to borrow cryptocurrency because, as you say, it can create a lot of problems if we fail, and the principle of an investor and a trader, that is to always invest what we can lose, should not exceed the limit and consider this work is gambling then reckless. In addition, the borrowing process is not as easy as we think when this is a cryptocurrency loan, we need something guaranteed before we want to borrow, and if we cannot achieve the right conditions, borrowing process will definitely be canceled, too troublesome and many problems, not participating is the best

[shiming]

Borrowing cryptocurrency? I have never used it. In fact, I don't like to borrow money from banks. I don't want to borrow money. I don't want to borrow money to encrypt. Looking at the comments, I did not expect many people to be like me.

[memed97]

I've never been lucky in borrowing fiat to invest and make it come out in success I guess same goes to borrowing crypto ,its not very ideal to me and this can makes you be in debts easily ,also remember that crypto lose value anytime anyday ,more value lost equals to more debts on your neck ,its trouble when borrowing crypto to invest

Never make a debt for investment in crypto because there is nothing in crypto that guarantees we will succeed even though many have succeeded, but we must know that in the world of crypto, every risk is our own, so my advice is better not to owe crypto.

[bolshojkush]

Borrowing would have been a good thing in the crypto community, but the question is, who will borrow the tokens out? And if he does it, how is he going to track those who have borrowed and dont want to pay back. Some people will just borrow huge sums, and exit.

I think that in this case, you can not do without verification of identity, otherwise you can say goodbye to your cryptocurrency forever.

[last7minutes]

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?

Crypto loans are very popular now, but I would never deal with it. The volatility of the cryptocurrencies market is great, and it is hard to guess whether you can get a profit or lose everything.

[asepsetiawan1990]

loan funds we sometimes need. But if it is unsecured it will result in a very high risk. We must be more careful and consider the risk of borrowing in cryptocurrency.

[max6575]

the service might helps of client as qualifying with use of personal strategics to appeals of movement on drawing with the price on chart as use with the financing service to goes on terms as the plan on running scheme with the offers from company.

[GreenStox]

loan funds we sometimes need. But if it is unsecured it will result in a very high risk. We must be more careful and consider the risk of borrowing in cryptocurrency.

indeed by using loan money you can do whatever you want but when you borrow money for trading then it will have a very large risk, the price of the cryptocurrency has an unstable price movement so the profits will not be guaranteed.

[e@symode]

Perhaps the forum already had similar projects, because there was a very large demand for such services, but now I cannot say that there are such projects, because many projects simply failed and do not say anything about themselves

[Kocret02]

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 have never borrowed using cryptocurrency. but maybe if there is a cryptocurrency loan program it might be used well and it can be used for other things that can provide profit.

[Uju4real]

There is a popular saying that he who goes a borrowing goes a borrowing. Borrow in Crypto for me a big Capital NO. and if per chance I don't have any other alternative than to borrow then deep research is very necessary to know the risk involved