Quote from: Febo on Today at 04:14:50 PM

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 to invest in crypto is worst thing that you can do. You can get hacked and lose everything. But you will still have debt to repay. A lot things can happen then just coin price goes up or down. It is way to risky, please stay out of it.

Yes, you should avoid this method because borrowing to be reinvested is very risky if it just disappears because it is hacked or whatever and also if there is a sharp decline you still have to return it.
and it will be a burden in your life that has fatal consequences if your plans do not match expectations, you have to stay away from it and if you want to invest it is better to sacrifice what you have to sell and for capital gradually.