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Topic: Have you ever borrowed fiat to get btc? - page 10. (Read 1741 times)

sr. member
Activity: 994
Merit: 257
Best Bitcoin Casino www.coinsaga.com
February 23, 2018, 10:07:00 AM
Nope I never did ,But to be honest there were times when I was about to borrow some money to invest in bitcoin,
But thankfully when I told them about my plan they think that it was great but they don't have spare money to give.
And turns out my plan was a total disaster I was about to buy a alt-coin because I thought it would pump up but it ended up dropping down.
member
Activity: 378
Merit: 10
February 23, 2018, 10:03:27 AM
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
Due to volatility of this crytomarket It will be good choice not to borrow fiat money for investing in bitcoin. I follow the hard way in getting my bitcoin by joining some signature campaign and airdrops that will be a good way for me to learn the cryptoworld.
full member
Activity: 137
Merit: 100
February 23, 2018, 09:59:50 AM
No, I have no idea to borrow fiat to buy bitcoin. Because I think it can be trouble maker for me. I think if I borrow fiat and then buy some bitcoin, and for the unpredictable the price of bitcoin down, what I can do if this thing happen? I just minimalize the risky that I can got.
member
Activity: 322
Merit: 10
February 23, 2018, 09:51:48 AM
One of the main rules in investing is never borrow money. Not at the Bank, not friends. Investments are associated with risk, and if you risk on someone else's money, you can drive yourself into a corner. I do not advise to start with this method.
copper member
Activity: 455
Merit: 0
February 23, 2018, 09:47:35 AM
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.

I have never borrowed money to buy bitcoin, I just bought bitcoin from my savings. I think loan money is too risky if to buy bitcoin.
member
Activity: 354
Merit: 11
February 23, 2018, 09:44:42 AM
I did not borrowed fiat to buy bitcoin because, first its to hard to borrow money and use in investment and second i have my own money if i want to invest on bitcoin. But my income on this is enough for me to earn bitcoin maybe i need to hold until i have a good reason to sell it.
newbie
Activity: 23
Merit: 0
February 23, 2018, 09:43:40 AM
I’ve just found myself wondering that I didn’t borrow even a dollar, at least for last ten years. Maybe it is because I hate to be a debtor, maybe because I can afford myself not to be one.
Anyway, it isn’t wise to invest money, that isn’t actually yours, so you can’t afford to lose it if anything goes wrong.
sr. member
Activity: 308
Merit: 267
February 23, 2018, 09:38:17 AM
Nope, first thing is that I'm a student and of course no one's gonna lend me money because they think i can't pay them and so i made a goal in my mind which is to earn without buying any bitcoin through fiat or to borrow money to buy bitcoin. I started with a simple signature campaign and earn after i earned profit i divide it into 3 parts

•   Investment to ICO's
•   Investment to trading
•   Savings
And after some time i managed to have some investments and savings and right now i just circulating my profit, from the profit i've earned to investment and from investment to savings and yes it works for me until now. The thing here is that you don't need to borrow money or to buy bitcoin you can just work through forums, freelance site that pays bitcoin and use your profits and knowledge to invest to projects, ICO's and even trading.
jr. member
Activity: 112
Merit: 2
February 20, 2018, 10:43:23 PM
i borrow from credit card companies. i get points. then pay them when it's due. win win if btc goes up as well.
newbie
Activity: 65
Merit: 0
February 20, 2018, 10:40:16 PM
Nope! I would never borrow fiat money for the purpose of investment. Cause that would be counterproductive, that would then be liability and not asset.
One should invest if they don't have the capacity to do so.
Or at least if it is me.
member
Activity: 70
Merit: 10
February 20, 2018, 09:59:32 PM
Yes, I did. I borrow fiat from... my wife, part of our saving account (she's the boss you know).
The idea of borrowing fiat from banks or relatives to get btc never cross my mind. It's still a big risk that we took and there's always a chance that we wake up tomorrow and realize that somebody found a way to break the blockchain.
sr. member
Activity: 728
Merit: 250
February 20, 2018, 09:48:13 PM
i don't want to dare borrow fiat just to put in btc. Maybe other does especially in mining. I'm scared to have debt. And  for me the reason why i joined in btc forum is to earn. Maybe i just save money from what i've eraned here then afterwards thats the money i will use in investing in mining.
And you should be, being in debt is one of the worst things that can happen to a person, I have seen the effects myself, I have known people that were very happy about their lives being completed depressed about the huge amounts of debt they are carrying and that they are probably going to carry until the end of their lives.
full member
Activity: 196
Merit: 100
February 20, 2018, 06:11:46 AM
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
No, I personally haven't tried it. Bitcoin's price is very volatile, it changes from time to time quickly. No one can predict if bitcoin's price will go up or down. And that's what makes it very risky for bitcoin as an investment. As a wise investor, I will never consider borrowing money to use it for investment or trading. I'd rather use my own money that to do it, I think just like what they say, Invest only the money you can afford to lose.
newbie
Activity: 56
Merit: 0
February 20, 2018, 06:09:59 AM
No, I haven't borrowed any FIAT to buy btc. Regardless of how much I might support it, still the same rule applies to investing in btc - only invest what you can afford to lose.
If you have to borrow, you don't even have it, let alone can afford to lose it.
sr. member
Activity: 459
Merit: 251
February 20, 2018, 06:07:22 AM
I borrowed $100 dollars to invest in btc in november.
member
Activity: 378
Merit: 10
February 20, 2018, 05:36:19 AM
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
I did not borrowed fiat I'm using my savings to buy 1,000,000 Satoshi out of my curiosity to know how it works as a beginner's in crypto. I want to fell the difference in having a funds as the volatility occurs. I realized that it's a good investment, the price is now climbing at $11k. Now, I will focus on my signature campaign in hoping that I can gain additional funds for my bitcoin.
sr. member
Activity: 574
Merit: 251
February 20, 2018, 05:18:15 AM
never ever...i prefer to make small investment each time i can cause this world is just taxes and debt for me pretty much. so for me is gonna be a long road but ill try my best
Maybe in a way like that would make us wiser and more calm and not panicked if bitcoin price drop, I am afraid borrow money for bitcoin investment because bitcoin price is hard to predict so I only use about 30% monthly salary to invest bitcoin.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
February 20, 2018, 05:08:42 AM
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.

I tried to sell some of my assets before when in order to have capital on investing in cryptocurrency, i get a lot of profit but it really takes time since the market is volatile and we never know when will be the highest pumping will occur, you always need your patience if you want to earn a lot of profit in this industry.
member
Activity: 574
Merit: 10
February 20, 2018, 04:48:36 AM
I never borrowed and also never sold anything I have, because I with little capital for us there is no problem investing in bitcoin, so I do not need to borrow money.
If you want fast with little capital, for me a good way to get bitcoin with your trading would be nice to get a faster profit.
member
Activity: 392
Merit: 11
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February 20, 2018, 04:40:23 AM
I have tried this and for some reason it is working for me. My only advise is to borrow fiat from a friend and there should be no interest or collateral. I hope you have a friend who was willing to sacrifice their own money for your own good.
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