Post
Topic
Board Speculation
Re: get a loan and reinvest it
by
EiKaGlaShPriSAThWEl
on 03/05/2021, 07:12:49 UTC
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 Cool

Even thought there are lot of platforms that offers to borrow any promising coin, I think it is still not a good idea. Market is still risky and unpredictable that is why many people lose their money in just one mistake. So even though it is a good coin that they are offering if we cannot handle it, we can't make earning through it. What are we going to use to pay the coin that we borrow if we lose? In addition, it has an interest. As long we are not giving back the coins we borrow, we will be immersed in debt.