borrow money from teh bank.. then inject it straight to BTC. - page 2.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: DeadCoin on October 17, 2014, 05:25:32 AM

Quote from: cbeast on October 17, 2014, 05:20:14 AM

Quote from: Mervyn_Pumpkinhead on October 17, 2014, 05:04:21 AM

The soulless hyenas of the bitcoin community are getting extremely desperate and are actually recommending people to borrow money.
People should take loans, so they would channel it to the pockets of others, by making their coins worth more.
Disgusting..

Like nobody ever took out a loan to invest in anything before. Are you a communist?

What has investing to do with bitcoin? Someone who borrows to buy bitcoin has a gambling problem.

Only people that lose investments say that.

petersiddle98

sr. member

Activity: 272

Merit: 250

Quote from: hollowframe on October 17, 2014, 05:22:07 AM

i heard of a guy who took a risk and put all his life savings £50,000 into bitcoins. 1 year later, his a millionaire now but don't think the same thing will happen to you!

No risk no gain, he deserve it

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Quote from: cbeast on October 17, 2014, 05:20:14 AM

Quote from: Mervyn_Pumpkinhead on October 17, 2014, 05:04:21 AM

The soulless hyenas of the bitcoin community are getting extremely desperate and are actually recommending people to borrow money.
People should take loans, so they would channel it to the pockets of others, by making their coins worth more.
Disgusting..

Like nobody ever took out a loan to invest in anything before. Are you a communist?

What has investing to do with bitcoin? Someone who borrows to buy bitcoin has a gambling problem.

hollowframe

sr. member

Activity: 266

Merit: 250

i heard of a guy who took a risk and put all his life savings £50,000 into bitcoins. 1 year later, his a millionaire now but don't think the same thing will happen to you!

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: Mervyn_Pumpkinhead on October 17, 2014, 05:04:21 AM

The soulless hyenas of the bitcoin community are getting extremely desperate and are actually recommending people to borrow money.
People should take loans, so they would channel it to the pockets of others, by making their coins worth more.
Disgusting..

Like nobody ever took out a loan to invest in anything before. Are you a communist?

SquallLeonhart

legendary

Activity: 2324

Merit: 1101

Getting loan for BTC is a good idea as long as the loan you are getting charge really low interest. Best if it is 3% and below..

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Mervyn_Pumpkinhead on October 17, 2014, 05:04:21 AM

The soulless hyenas of the bitcoin community are getting extremely desperate and are actually recommending people to borrow money.
People should take loans, so they would channel it to the pockets of others, by making their coins worth more.
Disgusting..

The worst part is they were so very serious...

so sad...I am appalled

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

The soulless hyenas of the bitcoin community are getting extremely desperate and are actually recommending people to borrow money.
People should take loans, so they would channel it to the pockets of others, by making their coins worth more.
Disgusting..

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Quote from: Elwar on October 17, 2014, 04:07:23 AM

I borrowed last night from a guy named Vinnie in my neighborhood to buy bitcoins. I am sure this will work out.

Vinnie Jones?

http://www.youtube.com/watch?v=X2P9gGElMB4

TonyT

full member

Activity: 210

Merit: 100

Quote from: wamatt on October 17, 2014, 12:44:07 AM

Courage wolf has taken out a second mortgage on his family's home, and now using full leverage to margin trading at Bitfinex

The wolf will be at his door then...pun intended.

In defense of speculation however, a study once found that multi-millionaires became such by simply assuming more risk. For every multi-millionaire that's praised however, there's an even greater number of risk takers (due to the nature of risk/reward) that you never hear about because they went broke.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

Quote from: Elwar on October 17, 2014, 04:07:23 AM

I borrowed last night from a guy named Vinnie in my neighborhood to buy bitcoins. I am sure this will work out.

Sounds like a nice guy.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I borrowed last night from a guy named Vinnie in my neighborhood to buy bitcoins. I am sure this will work out.

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

Quote from: phillipsjk on October 17, 2014, 02:46:19 AM

Quote from: seljo on October 17, 2014, 02:43:49 AM

If we all, I mean literally all did this and just ignored payments to the bank and let the bank take our houses and cars... we would be filthy rich and they would be left on a pile of used cars and other shit. Grin

Ya, but where you store your private keys with no house/car?

Did you read the filthy rich part? Brainwallet?

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

Quote from: seljo on October 17, 2014, 02:43:49 AM

If we all, I mean literally all did this and just ignored payments to the bank and let the bank take our houses and cars... we would be filthy rich and they would be left on a pile of used cars and other shit. Grin

Ya, but where you store your private keys with no house/car?

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

If we all, I mean literally all did this and just ignored payments to the bank and let the bank take our houses and cars... we would be filthy rich and they would be left on a pile of used cars and other shit. Grin

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

Quote from: Omikifuse on October 17, 2014, 12:38:08 AM

Then I will be at loss and maybe with debits, so maybe worse than at the beginning Sad

Debts.

It is a real risk. Last October/November, I resisted the urge to take out a loan to buy Bitcoin. This was despite my confidence that the price would not drop below $300 if it ever surpassed $300. I still doubt Bitcoin will drop much below $300. If true, that would mean you would lose at most half of your investment. There is also a non-0 chance that Bitcoin will become worthless as well. The chance of that happening actually drops every year as Bitcoin matures.

tpiardi

newbie

Activity: 12

Merit: 0

At least here where I live the interest rate of banks is too big...
I'm trieying to get money in other forms to invest...

av123

member

Activity: 98

Merit: 10

I took advantage of a 0% offer for 12 months. I only had to pay 2% of the total advanced. Kind of a no brainer really. Will pay off the balance over 12 months before the interest rate resets. Everyone's situation is different of course.

wamatt

member

Activity: 85

Merit: 10

Courage wolf has taken out a second mortgage on his family's home, and now using full leverage to margin trading at Bitfinex

Omikifuse

legendary

Activity: 1750

Merit: 1009

Quote from: phillipsjk on October 17, 2014, 12:33:32 AM

Quote from: Omikifuse on October 17, 2014, 12:30:43 AM

What if something bad happens and I need the money before we reach moon?

sell Bitcoin.

It is not the end of the world if you do that.

Being able to do that requires the ability to secure said Bitcoin. Cold-storage helps: even against scammers pressuring you to "sell" your whole stash (ask me how I know).

Then I will be at loss and maybe with debits, so maybe worse than at the beginning Sad

Topic: borrow money from teh bank.. then inject it straight to BTC. - page 2. (Read 3442 times)