I experience this once in my real business though it is not trading or some online transactions yet I borrowed in Lending to use in my food business but as it progress? the business did not materialize and this leaves me having a debit increasing its percentage each week and it took me at least almost a year to pay off, since then? never that i borrowed any amount for investment but I only borrow for emergency purposed amounting that i can pay back sooner.
I already heard a same case and there are even bigger businesses or loans. Some are fortunate to grow their business even more and they can be able to pay that loan on time while some are just unfortunate. Well, that is life.
We need to try and take risk to see if what will be the outcome but at least you only loan a money which you think you can easily pay once the outcome didn't run well right? This is the important thing that a loaner must follow but the term in your loan is crazy if the interest grows every week. I think that's not fair. I heard that we can be able to report these kinds of lenders to the authorities because they are taking advantage of someone else.
While we can make it like that? loaning money that we can be assured having funds to return or payback yet why need to act like that when you can achieve this by hitting your own money and has no obligation to others?
we also knew that in crypto the volatility is the problem that sometimes hindering us from taking our profit in the future.