Pelana vreo
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Activity: 744
Merit: 10
Syntrum.com
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June 14, 2019, 05:39:00 PM |
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Loans in the form of tokens may be difficult, I think there will be a loan with Bitcoin but need a pretty strong guarantee like KYC and other guarantees.
Returns on borrowed coins also have high-interest rates, I have never made a loan in crypto because there are still some countries that do not support loans using crypto
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DES_MX
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Activity: 216
Merit: 13
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June 14, 2019, 06:38:49 PM |
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Credit cryptocurrency is actually dangerous, you may wind up having to pay a lot more evaluate for your mortgage quantity, fiat is actually what you want in case your credit cash, and when a person be lent along with cryptocurrency the total amount a person borrowed may drop evaluate towards the unique quantity a person borrowed, it might be the discomfort paying down your own mortgage.
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OlegK41
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Activity: 714
Merit: 10
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June 14, 2019, 07:42:48 PM |
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If one person takes a loan in cryptocurrency, then it is necessary to give in cryptocurrency. It will be honest. To borrow in cryptocurrency, and to give in Fiat is in my opinion not right.
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Raymondavid47
Jr. Member
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Activity: 546
Merit: 3
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June 14, 2019, 08:43:32 PM |
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Borrowing in crypto can actually work for me. The only issue is, what am going to use as a collateral? I don't have any token or coin thats trading that can be used as a collateral. And seeing we are in the brim of a bull run. There is every possibility in the increase in price of the tokens/coins you borrowed. And wouldn't that be a problem?
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andibongkol
Sr. Member
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Activity: 868
Merit: 251
Sovryn - Brings DeFi to Bitcoin
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June 14, 2019, 08:57:46 PM |
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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?
if the thing you say is a reality, there will always be difficult rules before borrowing and I have never found a crypto currency loan until now if anything, I will join in that moment |
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ininf
Newbie
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Activity: 21
Merit: 0
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June 15, 2019, 11:16:25 AM |
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I assume 't get the surefooted almost adoption something desire not came to our being representing a continued age as it desire not been included whatever sort of exercise from our position that's reason I assume 't belief it anymore.
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Tekree
Newbie
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Activity: 32
Merit: 0
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June 15, 2019, 11:18:03 AM |
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It's greatly bad mehn to obtain and put in in cryptocurrency, you buoy just achieve that you get an within information almost a currency that's gonna deliver heavy so you buoy adopt whether you assume 't get on the other hand whether not its greatly speculative to obtain and seat in cryptocurrency
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freedomgo
Legendary
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Activity: 3080
Merit: 1144
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June 15, 2019, 11:32:37 AM |
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Borrowing in crypto can actually work for me. The only issue is, what am going to use as a collateral? I don't have any token or coin thats trading that can be used as a collateral. And seeing we are in the brim of a bull run. There is every possibility in the increase in price of the tokens/coins you borrowed. And wouldn't that be a problem?
It's impossible to borrow without collateral in crypto, at least I never tried it yet. Our chance to borrow crypto is only in the forum, but you need to build your reputation first and you can only borrow as small amount of money. I actually see a lending project in crypto, but I don't bother to apply and check the eligibility requirements. |
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Dicage
Newbie
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Activity: 32
Merit: 0
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June 16, 2019, 09:28:09 AM |
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When you commerce a diminutive spot, you capture a adopt. In the case of a mope you gain. The equivalent in the example of a credit. On the other hand who desire add you when the marketplace is in a descending? Thither were various blockchain credence proposal. On the other hand instantly these designs are kaput from a radian. Is scammers?
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Kigazragore
Newbie
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Activity: 30
Merit: 0
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June 16, 2019, 09:35:19 AM |
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I assume 't anticipate crypto is a great credit occupation with the actual marketplace condition. Deed to occupation with credit is dicy and construction a occupation with a crypto credit is extremely bad as well.
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Coroline
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June 16, 2019, 10:36:34 AM |
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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 the price of cheap tokens is not a problem because if you want to borrow the way you want, the token will adjust your loan no matter how much the price of the token |
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sjbi
Member
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Activity: 770
Merit: 14
www.thegeomadao.com
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June 16, 2019, 11:13:01 AM |
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No I am not interested in borrowing in cryptocurrency at all. But in fact I do not know about it. I have heard about it from one of my friends some six months ago. But I am completely unaware of it. And I want to request those having knowledge about it to give me knowledge about it. So I can get involved in it and benefit from it. Please help me.
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trimulia
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June 16, 2019, 11:15:32 AM |
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No, not good idea and I just think if I borrow 1 Ethereum for example, what if ethereum price growing then I should giveback more high value than before, in other word 'Too Risky'
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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June 16, 2019, 11:22:02 AM |
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No, not good idea and I just think if I borrow 1 Ethereum for example, what if ethereum price growing then I should giveback more high value than before, in other word 'Too Risky'
yes it is indeed very risky because the price of cryptocurrency will never be stable and there is always volatility happening at any time in this market which does not allow this business will not work properly |
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Atang Sulaeman
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June 16, 2019, 11:24:21 AM |
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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?
for me personally I will never spend Cryptocurrency will have a low price volatility, because it will certainly have a higher interest calculation in the end, we better start from the base to start, don't let us have debt or loans on Cryptocurrency. |
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goaldigger
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June 16, 2019, 11:34:07 AM |
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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 experienced borrowing a cryptocurrency but i think its based on the contract that agreed upon. Im sure the base fare would be the current crypto value. For example, if i loan $1000 of ETH payable for 3 months, either the value increase or decrease, i would still pay exact amount. |
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shadowdio
Sr. Member
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Activity: 1876
Merit: 289
Zawardo
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June 16, 2019, 12:06:57 PM |
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me nope, I'm not comfortable borrowing cryptos because it is really risky, what if the price never go up, what if bearish market will happen again so it is bad idea borrowing cryptos.
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zzortyx
Member
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Activity: 588
Merit: 11
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June 16, 2019, 12:16:57 PM |
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In normal everyday life, I would not borrow in cryptocurrency to pay for ordinary goods and services. Such borrowing is probably relevant for players of crypto-currency exchanges.
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Golstrim
Sr. Member
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Activity: 1456
Merit: 253
Margin Trader
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June 16, 2019, 12:40:00 PM |
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I would borrow crypto, but I would leave a crypto collateral. In this case growth of crypto could compensate me profit.
Also I borrow crypto as a leverage for trading
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roosbit
Member
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Activity: 891
Merit: 43
Random coins :)
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June 16, 2019, 12:51:15 PM |
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Borrowing in crypto is not a problem but the volatility as mentioned makes it an issue as this could get expensive to payback or could be a loss on the lenders side, unless conditions of paying back at the dollar rate that might protect everyone in this transaction. I would borrow crypto, but I would leave a crypto collateral. In this case growth of crypto could compensate me profit.
Rules of surviving the money market, no collateral no loan |
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