Post
Topic
Board Lending
Re: If I have collateral why should I ask for a loan
by
actmyname
on 13/03/2020, 19:56:15 UTC
This is a good answer and I see it is right but even though I can do this sell it and making some money and then buy it again. But you know maybe the price won't go maybe go down.

your answer convince me but my opinion is sell it make some money and then buy it again this is better than get a loan while you have money

Thanks
If you take the perspective of an orthodox/conventional loan outside of the forum, some individuals might have assets that are held up or locked in some way. Though collateral requirements here require liquidity, it may be that users don't want to exchange (factors like KYC, convenience, etc. impact this) their collateral or that they simply want to keep coins in their current form for a coin-specific reason. A wild example (but possible) would be that of a PoS coin, wherein a user wishes to deprive the ecosystem of the potential stake amount that they would relinquish if they were to sell it to another user/exchange.