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Topic: Have you ever borrowed fiat to get btc? - page 13. (Read 1741 times)

full member
Activity: 254
Merit: 100
Blockchain with solar energy
February 18, 2018, 10:01:26 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.

Borrowing for crypto is a very wrong move. Crypto market s very unpredictable so its very hard to project your earnings. If you don't have the capital to buy btc the n first read and learn what is crypto and do campaign sigs. Then slowly grow your portfolio and lewrn trading. It may take a while but it is the most efficient way i know.
member
Activity: 190
Merit: 11
February 18, 2018, 09:59:08 AM
Not yet, But this scenario is running in my mind. maybe someday when bit is really value then have a potential to grow fast. In bitcoin its easy to gain more profit if you are observing this past years you will know when to buy and when to sell. but we all know that future is unpredictable we will not know what happens next. Also investing is risky.
full member
Activity: 162
Merit: 100
February 18, 2018, 09:45:21 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.
Never. I have never been borrow a money just to invest in bitcoin. There are a lot of ways to earn bitcoin and it is up to you where you will get it. In my own experience, all the bitcoin I got came from this forum by just posting a constructive post and I am so glad that my nephew introduced to me this forum.
sr. member
Activity: 1918
Merit: 370
February 18, 2018, 09:39:33 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 bothered anyone just to borrow money for my own investment, because i believe that the investment you have done is worth more if the money that you used in it is your own, because if the money that you invested in that investment flourishes the amount of happiness you will get is much more satisfying than using the money of other people.
full member
Activity: 518
Merit: 100
February 18, 2018, 09:35:11 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 never buy crypto currency for loan money. This is too risky investments and in the event of a sharp drop in prices, I can stay at a loss, but still have to give credit money.   
member
Activity: 490
Merit: 12
February 18, 2018, 07:54:28 AM
I have never contemplated of borrowing fiat to get bitcoin I belief this will amount to taking a risk that is not worth taken, there are other ways to earn bitcoin and Hodl although the earned btc might not be enough but it is rather better than borrowing money to get  the btc.
sr. member
Activity: 742
Merit: 329
CryptoTalk.Org - Get Paid for every Post!
February 18, 2018, 07:50:40 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 didn't dare to borrow fiat just to invest in bitcoin. I believe that if we want something we must work hard for it. We all know that bitcoin is volatile and might drop down it's price unexpectedly so it would be hard to take the risk of borrowing. Better use our own earnings to invest rather than borrowing.
jr. member
Activity: 252
Merit: 9
February 18, 2018, 07:49:08 AM
my friend did that
he pawned his home certificate to invest with bitcoin, initially I forbid because in my opinion it is a crazy thing
but he still insisted on doing that, and I am also grateful he can make a profit and redeem a certificate he has mortgaged
but if for example he fails, it will make him very frustrated of course. and I as a friend will also be affected
and I suggest, not to invest bitcoin from borrowing.
newbie
Activity: 56
Merit: 0
February 18, 2018, 07:42:06 AM
No i didnt because borrowing fiat may prove valueless when it comes to price fluctuations of bitcoins. If it falls we cant even return the interest amount to t
member
Activity: 350
Merit: 11
February 17, 2018, 11:46:30 PM
We are constantly discussing the issue that taking loans for investment is a bad idea, as this is a big risk.  And to invest is better only those means that you are not afraid to lose.  But still there are people who take large sums on credit.  I'm happy for those who managed to make a profit and pay off debts.  But I also have many examples of those who could not repay the debt.  And now they are disappointed in themselves and in the crypto currency.
full member
Activity: 363
Merit: 100
February 17, 2018, 11:27:47 PM
Me, i am not yet doing that because borrowing money now has also an interest. When i am newbie here and have no bitcoin yet i just buy bitcoin of how much i have, and until my first earning on this and i just hold my bitcoin and wait to increase the price of bitcoin.
member
Activity: 372
Merit: 12
February 17, 2018, 11:08:58 PM
Yes I've borrowed some amount of fiat and I invested last 2 weeks ago for btc because I felt and I am sure that it will return a big benefits and this could make me seat in my financially freedom soon...
full member
Activity: 420
Merit: 100
February 17, 2018, 10:23:55 PM
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.
It is a plan that i am thinking for the past few days. I am going to borrow money from my sister in law who is into bitcoin also. But im thinking to start small and go big if ever i would succeed.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
February 17, 2018, 10:18:58 PM
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.

Its not necessary to use your own money to invest or earn cryptocurrency because you can still work on bounty campaigns here in this forum and earn altcoins after the end of token sale. Most of the people i knew are just preferring to work more than using their own money.

Yes, but by working on these bounties and micro tasks online it doesn't guarantee you a large amount of money to start investing decently. It's surely better than nothing, but if you have an initial amount of fiat to invest since the beginning you will save a lot of time and effort. However I think it's too risky to borrow money to buy BTCs, especially if you are borrowing money with high interest percentage to pay back, very common on banks...

Better to save money and use this amount to invest, but never borrowing money from third party services or people.
Two main reasons to not do this: you will have to pay the money back with interest, BTC's volatility might not help you on short term.
full member
Activity: 434
Merit: 100
February 17, 2018, 10:05:04 PM
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.

Its not necessary to use your own money to invest or earn cryptocurrency because you can still work on bounty campaigns here in this forum and earn altcoins after the end of token sale. Most of the people i knew are just preferring to work more than using their own money.
full member
Activity: 252
Merit: 101
EMMARES – Email as you know it, will never be the
February 17, 2018, 09:58:39 PM
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've never  try it yet but I'm very much curious and lack of knowledge about  borrowing flat
hero member
Activity: 2716
Merit: 552
February 17, 2018, 09:39:44 PM
Nah, its not a good start when you invest in a field with a high level risk. When you start with a debt you will end up with debt as well, its definitely not a healthy investment, trust me. Start with your own wallet no matter how small it is, it'll come back to you a thousand folds in the long run.
hero member
Activity: 2590
Merit: 644
February 17, 2018, 09:17:26 PM
Nope i haven't done that and i would never do that. Investing in cryptocurrency is too risky and i don't want to have debt because of it. I will only invest if i have enough money for it. What i am doing right now is to earn through bounty campaigns. If i succeed in earning from it then that money i earn will be my investment from it.
Wise choice. Never invest what you can not afford to lose. There are many easy ways to get bitcoin if we want to learn and try. Do not sacrifice anything we have for something that is not sure unless we are ready to face the risks of preventive action. Like preparing the right analysis and not putting all the eggs in one basket.
Investing is good as long as you are not risking yourself because putting all of your money in one basket is just like a suicidal act because you will have a lot of problems to expect and it is best for you if you will just invest into good coins in the market and keep it on a safe place and also, always invest the amount that you can lose so you can forget about it temporarily to have an effective way to hold.
full member
Activity: 560
Merit: 102
February 17, 2018, 06:52:55 PM
Nope i haven't done that and i would never do that. Investing in cryptocurrency is too risky and i don't want to have debt because of it. I will only invest if i have enough money for it. What i am doing right now is to earn through bounty campaigns. If i succeed in earning from it then that money i earn will be my investment from it.
Wise choice. Never invest what you can not afford to lose. There are many easy ways to get bitcoin if we want to learn and try. Do not sacrifice anything we have for something that is not sure unless we are ready to face the risks of preventive action. Like preparing the right analysis and not putting all the eggs in one basket.
newbie
Activity: 126
Merit: 0
February 17, 2018, 06:52:02 PM
I think a lot of people have done that!

When the price of BTC is around February 10th, when the price is more than 6000, your purchase means you are making money!

If you want to buy BTC and have no money to buy, you can only borrow money.
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