Would you lend in cryptocurrency?

[rmhuntley]

no because in my opinion lending cryptocurrency will be able to harm either the borrower or the person giving the loan. because cryptocurrency is very volatile it can go up and down suddenly. for example, I lend btc when the price is 1 btc = $ 4k, then next month when the btc price falls, it will be $ 3k, I will lose. I'd better use fiat money if I would lend people money.

Now it is easier for people to borrow capital with this online crypto savings and loan service. Everyone who wants to borrow, in my opinion, must be because they want to fund something that they hope can benefit. It is very unlikely someone who borrowed it just for safekeeping. So I dont think fluctuations are a good enough reason not to borrow.
Lets say you borrow 1btc from someone at a time price of $7900 and you will use it to invest in another altcoin so you will benefit from the investment. The profit you can say exceeds the amount of BTC you previously borrowed, for example $10,000. When you will repay the loan at a price of BTC $8400, how much btc do you have to pay?
Arent we still lucky? The point is that people will borrow because there are reasons and goals, without the goal it might only make it bear the loss.

[1715258035]

1715258035

[1715258035]

1715258035

[1715258035]

1715258035

[1715258035]

1715258035

[Serco]

no because in my opinion lending cryptocurrency will be able to harm either the borrower or the person giving the loan. because cryptocurrency is very volatile it can go up and down suddenly. for example, I lend btc when the price is 1 btc = $ 4k, then next month when the btc price falls, it will be $ 3k, I will lose. I'd better use fiat money if I would lend people money.

using fiat in our lending will give simple calculation.just calculate interest for each month and we will know how much total amount that we have to pay.no value volatility that could make us pay more in future as you described above.but overall crypto currency give us another benefits in economic side.

[Insomnia family]

I personally do not have a plan to lend or borrow cryptoqurrency assets to anyone, regarding this matter I think anyone can also assess how risky it is to cryptoqurrency lending, and to avoid undesirable things much better you don't have such plans.

[Free1bitco.in]

I just remembered the story of lending money in crypto form, and I thought I would never do it again. this happened in 2017, someone borrowed some ethereum from me. however, after entering 2018, the price of ethereum dropped dramatically, and he returned my ethereum. Well, in terms of nominal, of course, I suffered a loss. because of that, I prioritize lending cash compared to cryptocurrency to people I know.

[SistaFista]

I would not lending my money in cryptocurrency because the value of crypto is volatile.
Lending $100 worth of BTC can return $80 worth later, or return $120 which is not certain.
Maybe lending $100 worth of stable coin like USDT is a good idea, it gives fixed profit.

[asus09]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

I will loan or borrow using bitcoin only, I think bitcoin have stable coin than other coin like eth. for Libra I think is not have price now because still an issue with Libra coin today, will accepted by investor or not. Loan using bitcoin give positive effect for borrower and lender where both them not lost money, we give bitcoin and they will pay using bitcoin with price keep stable like first he borrows.

[zidanw]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

[Zionatin]

I would lend in any currency as long as I got collateral that was of equal or greater value. The risk then is if the price of the currency you lend out goes up while you have it till lent out. However, it can work both ways and the currency you are given as collateral could change too. Overall I believe it will be worth it in the long run and the risk is small. YOu might lose a few times but the lending % is so high it will soon take care of that.
The reason I do not do any of this is that there are no sites I trust so far.

[ololajulo]

I have seen people borrow money even on this forum, and those tag members carry are prove of trust and sincerity in some cases with lenders. Not everyone is a scam though have not lent nor borrow from anyone in the forum or outside but have a level of sincerity in people. The choice of cryptocurrency depends on time and volatility of coin, cant lend out stable coin in bear market.

[sirminesalot]

yes in this forum there is a cryptoqurrency loan service in the form of bitcoin, but as long as I am here I have never been interested in or lent cryptoqurrency to anyone. not because I don't trust the service, but it's better to just be safe and not want to risk borrowing or lending cryptoqurrency.

true that you submit at this time there is no loan with crypto currency for several reasons one of them is trust and legality issues there is no legal force that governs the development of crypto currencies and all is a matter of confidence and trust may in the future save and borrow with crypto currency can be in the future realize if crypto currencies can be recognized as fiat currencies in circulation

[wxa7115]

This is also my thought, If he borrowed 0.05 he should return 0.05, but we should also give him a limit such as "should be only 1 week" or else he would have added interest so that we will not lose if its value falls.

I saw it too in the Market place and the value didn't matter to them even when it dropped, Because they want to increase their BTC and not the value, Maybe they are longterm holders.

Those lending bitcoin are definitely long term holders since for what I can see they always ask for the the loan to be repaid in bitcoin, and while I wish them well we must recognize how risky it is what they are doing, we are living in an economy based on debt and it is difficult to understand how an economy based on bitcoin could work without it but for a very long period of history only those with lots of resources, reputation and a productive idea or business could get access to loans.

We live in a very particular age in which everything can be purchased with debt even food and I think it will not last long as we are reaching the limits of what an economy based on debt can achieve.

[supercanada1]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.

There is nothing bad in lending your coins to others. This way the practical use of crypto currencies will increase and people will start adopting them for their daily uses. I definitely would not mind giving my cons to someone who is great in day trading and earning a certain amount of percentage from him just by sitting home idle.

[BRODIN]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.

There is nothing bad in lending your coins to others. This way the practical use of crypto currencies will increase and people will start adopting them for their daily uses. I definitely would not mind giving my cons to someone who is great in day trading and earning a certain amount of percentage from him just by sitting home idle.

actually it's a good plan, by lending cryptoqurrency to your clients you will benefit from the initial percentage of interest or clients who are late paying returns beyond the agreement deadline. I also often observe how someone is lending or borrowing in the form of BTC in this forum.

[gabbie2010]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.

There is nothing bad in lending your coins to others. This way the practical use of crypto currencies will increase and people will start adopting them for their daily uses. I definitely would not mind giving my cons to someone who is great in day trading and earning a certain amount of percentage from him just by sitting home idle.

actually it's a good plan, by lending cryptoqurrency to your clients you will benefit from the initial percentage of interest or clients who are late paying returns beyond the agreement deadline. I also often observe how someone is lending or borrowing in the form of BTC in this forum.

I once borrowed ethereum from a lender and paid with some little interest even after not meeting up with the agreed date the guy extended the date plus additional interest which was quite reasonable BTC and ETH are the major cryptocurrencies that he lends out so far he had no issues with his clients while he might asked for collateral if the needs arises.

[Denreal]

There are individuals who provide lending service, because they have TD fund that can be given out to those who want to borrow from them. So if I have enough fund for that, why can't I. At least, in a way, I will be of help to others. Although I have never borrowed, but that does not mean I cannot lend out.

[Raymzopai]

No, i wouldnt want to lend or borrow in cryptocurrency because of its volatility.For example,  I can lend out a 300$ BTC to someone and might end up being 250$ when he or she is paying such to me back so i don't condone lending cryptocurrencies as the volatility is just too high

[Ucy]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.

There is nothing bad in lending your coins to others. This way the practical use of crypto currencies will increase and people will start adopting them for their daily uses.  I definitely would not mind giving my cons to someone who is great in day trading and earning a certain amount of percentage from him just by sitting home idle.

.

Such service probably exist. I have seen many members advertise them here... Whether they are real/safe or not, I don't.

In my opinion, don't handover your Bitcoin to strangers just like that.

It should be possible to deposit your Bitcoin on a safe platform and still have totally control over it while  your paid trader trades on your behalf through a shared interface.

[sapnu]

Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion

What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.

There is nothing bad in lending your coins to others. This way the practical use of crypto currencies will increase and people will start adopting them for their daily uses. I definitely would not mind giving my cons to someone who is great in day trading and earning a certain amount of percentage from him just by sitting home idle.

actually it's a good plan, by lending cryptoqurrency to your clients you will benefit from the initial percentage of interest or clients who are late paying returns beyond the agreement deadline. I also often observe how someone is lending or borrowing in the form of BTC in this forum.

I once borrowed ethereum from a lender and paid with some little interest even after not meeting up with the agreed date the guy extended the date plus additional interest which was quite reasonable BTC and ETH are the major cryptocurrencies that he lends out so far he had no issues with his clients while he might asked for collateral if the needs arises.

Yes of course, why not lend my money here if cryptocurrency can help me to earn money with my own. I am actually thankful that I knew bitcoin because when I have something to buy that I need in school or expenses in the house I can buy it with my own money, my mother dont even giving me money because I said I can support myself financially, I can help my family too in terms of expenses especially bills. Water bills and current bills. Most importantly the internet because this is all I need to access cryptocurrency, for me to be able to surf, I need internet, it is the most important thing for me to access different sectors with regard to cryptocurrency, also my gadgets. In this forum, I am making my own money by supporting some project and doing my tasks properly and making it on time so that the manager will pay me according to the works I have done.

[GideonGono]

Of course bitcoin, why? Because I can offer on how amount of bitcoin he want but he would give interest but he pay was the bitcoin too. The price of bitcoin was volatile and it is hard to become a shitcoin so I am like to do investment on fair or winning.

[m0Ray]

I do not understand the procedure for granting a loan. Do you have to provide your personal information? If so then after that you and all your wallets will be in danger. Why do I need to take money from strangers and risk my anonymity? If personal data is not needed, who will protect the borrower?