I am looking to increase my bitcoin holdings and i am looking at taking a crypto backed loan with one of the leading platforms? i would be fine to take this loan out a few months ago but at this stage of the bull run how risky would it be ,i know a loan can be risky to begin with, but am i just playing with fire or is there a good chance it will pay off? it would be a 15000 dollar loan a 50% ltv for more information, thanks
for now I don't know about crypto-supported loans and how the agreement and payment process procedures are, I don't understand about loans supported by crypto. At this point, what I have in mind is that the payment process will be more expensive if the bitcoin price goes up and the installments will go down if bitcoin also decreases, sorry if my opinion is wrong.
I suggest borrowing is better at a government bank because government banks have licenses and we are safer from fraud.