Post
Topic
Board Economics
Re: Cryptocurrency lending business.
by
Kimonoe
on 05/06/2019, 15:53:53 UTC
Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/
Lending, if it is not concessional, is in itself very risky. Cryptocurrency lending is doubly risky, as the risk of high price volatility of cryptocurrency is added to the usual risks. Before taking a loan in a cryptocurrency, you need to carefully calculate everything and, first of all, you need to anticipate subsequent changes in the cryptocurrency market. I would refrain from getting a loan in cryptocurrency. This is a lottery - here you can win and almost equally lose.
right, crypto loans have a double burden. when we get profit, I suggest to immediately return the debt, so that we can use profits as initial capital. than we are bound by debt, because it can interfere with our psychology