Quote from: LUCKMCFLY on April 09, 2021, 04:55:53 AM

Quote from: chikading2016 on April 09, 2021, 03:34:02 AM

Quote from: el malagueno on March 19, 2021, 06:52:25 AM

Hello. I see different platform like nexo, blockifi, etc... that can borrow you crypto or stablecoin. I'm here to ask if you have a strategy for example you borrow btc with an interest rate of 6% and then you use it on defi with 8% APR. Thanks for helpful. Cool

Borrowing something that has an interest is really risky and it is not really advisable. If we are going to invest in crypto we need to study and see how it works because crypto is an investment that is risky because it is high on volatiliy.

This depends on what type of economy you live in, in a country with a fully inflationary economy it is best to borrow with the largest amount of local currency, there is no better business than that, because if you invest it in Bitcoin, the interest will be They pay only with the normal movement of Bitcoin, if the price of Bitcoin falls it is not much the problem because when the conversion is made to local currency the value of bitcoin will be much higher and in profit than that of the interest on the total debt As I say, this is ideal in an inflationary economy, in economies that are more stable, I think conditions change there.

This method is more appropriate for those who are accustomed to making loans with certain agreements who are ready to bear the risks. after all, investing from a loan is not the right decision, especially for cryptocurrencies. before the loan is paid off, of course we will be burdened with the percentage of interest that must be returned, and support those who provide loans to get richer