Have you ever borrowed fiat to get btc? - page 14.

arbelian

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Activity: 89

Merit: 10

Quote from: A.Delaney on January 05, 2018, 10:36:09 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.

I did not borrow fiat just to buy bitcoin and other crypto currency. I used some of my savings to invest and the rest i had been working on the different campaigns to earn coins.

halenephthys

jr. member

Activity: 98

Merit: 3

I haven't borrowed fiat just to get btc. As they are many ways to earn bitcoin other than buying and it will be a risk. Bitcoin price is volatile. It may change from time to time. You will either earn more or lose what you have. You may not be able to return what you borrowed. But if you are willing to take this risk to earn more, then you are free to do it. Just be careful. And be wise.

Tenderino

full member

Activity: 336

Merit: 103

I generally do not borrow fiat money, because I think if I have small money I have to try living with it. But if I would have known few years ago how bitcoin or crypto currencies in general will grow, I would have taken all credits I was able to get.

I think now it is too late to borrow fiat money to invest in bitcoin and if I have the money, I would rather invest in some promising altcoins.

sirkings0003

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Activity: 252

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Telegram: https://t.me/ViolaAI

I have done that once. I borrowed a few dollars to buy bitcoin when it was around $8,000. I am meant to pay with little interest anyway. Man got to this for my passion. I love the idea behind bitcoin.

jonas5222000

member

Activity: 476

Merit: 10

Student Coin

yes i do. some of exchanger has a minimum deposit and withdrawal so i need to get reach the minimum withdrawal to payout bitcoin i borrowed to my friend and pay him after payout.

aoluain

legendary

Activity: 2436

Merit: 1362

This is one of the feasons why south korea for instance are introducing a
degree of regulation in crypto. Some people were loosing the run of
themselves on the run up to BTC high price of almost $20,000.

The regulation is in a way to protect the users of crypto, that was the
reported news anyway.

Borrowing fiat to invest in crypto is dangerous, only use what you are willing to loose!

Roukawa

member

Activity: 546

Merit: 10

Nope! Not yet, I will not risk to loan just to make it an investment in cryptocurrency. I do not assure if crypto is really profitable and real because I did not see it in physical world. If I will borrowed money, I will invest it in real world. I can wait till I do have enough money to put in cryptocurrency. Better to wait than to suffer from stress that will link to depression.

MarkThief

newbie

Activity: 193

Merit: 0

Are you insane? We cant have trust on the voltile btcs. I would never ever invest in them.

jhonnydeep87

full member

Activity: 378

Merit: 100

For me, when it's time to buy bitcoin and now it's a huge profit enough to save money and save right now. Holding bitcoin as the best strategy and all the bitcoin I've bought at that time that I hold will be sold for $ 50,000 whenever the price reaches that price. Cool

fileo

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Activity: 658

Merit: 10

Rangers Protocol

Quote from: nightxglow on January 06, 2018, 09:39:45 PM

No, i have not done that. I don't know if i'll do that in the future, but i prefer earning bitcoin freely rather than using my real money though.
But maybe if there's condition where i need to use my real money for bitcoin, and it'll gain me many profits, i'll consider that and start to do so.
Since i haven't got a job yet too, so it'll be hard for me to ask for a loan or something since they won't give us if we don't have a proper job and promising salary.

Your right.
Also the proper things to do is not by borrowing fiat without any kinds of assurance that you will succeed. Don't pull the trigger without bullets. Too risky to borrow. It will be your whole life forever to pay the price. You are lucky if the owner of the money won't put you in the jail. Patient is a virtue. Don't too rash and don't too quick to decide without thinking hundred times. Safer things is to wait for your time, when you have enough money and bitcoin price in red drops go buy without any double minded. You own it.! That's yours.

1C6fV5DtakfKANLJ8GUV7hCaA

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Activity: 462

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Crypto Marketer For Whales

Yes I did but I don't recommend it. You never know when the price of a certain coin will go up or down. It's more like gambling.

Ashe-J

newbie

Activity: 82

Merit: 0

Yeah i did on early 2015 when i bought 2BTC .. But after a while they scamed me on "Cloud mining website"

YoungMaster

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Activity: 462

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MYCRYPTOBANK.IO

Quote from: A.Delaney on January 05, 2018, 10:36:09 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.

I once planed to borrow fiat with my uncle to buy 1-2 BTCs when bitcoin was going to fork (as we know the fork was Bitcoin Cash), but I cancelled my intention because I was a bit worried what if bitcoin prices were going down on that time.

btcrut2017

member

Activity: 406

Merit: 11

Quote from: A.Delaney on January 05, 2018, 10:36:09 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.

Nope, i have not borrowed fiat to buy bitcoin. I purchase bitcoin by small amount whenever i have extra money from my salary. The amount of money that i allocated for bitcoin is not that huge because if ever bitcoin fails, i would not be stressed out.

Nissan-GTR

full member

Activity: 339

Merit: 102

The Exchange for EOS Community

Quote from: A.Delaney on January 05, 2018, 10:36:09 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.

Not yet, but I am open with this situation, but I have witnessed someone borrowed Bitcoin and paid it with cash which is kind unfair to me cause someone is gaining Bitcoin yet you are buying some, and we can say that bitcoin havent stable price which is kinda tricky for someone to agree with.

jeanpadel14

full member

Activity: 210

Merit: 100

I have not yet borrowed money to buy bitcoin and i will never do that because in crypto world we all know that it has big risk and we do not know what could happen to bitcoin. Maybe I can only advise those who borrow money to invest in bitcoin you do not have to do this because you can have a bitcoin that does not need the help of others. maybe if the bitcoin cost is lower then you can buy bitcoin.

Fnrecana

jr. member

Activity: 262

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M E D I C H A I N ¦ The Medical Big Data Platform

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.

Ms Emi

jr. member

Activity: 109

Merit: 1

Complete transparency on your charitable donations

Nope at first, I was curious how much BTC it would be if I used my food allowance to put in on my digital money so I convert my allowance to money online then turn it to BTC, there I have my 00.00012 BTC. That's how I get my BTC point.

TheManofBTCs1

newbie

Activity: 41

Merit: 0

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.

ace09

newbie

Activity: 294

Merit: 0

I never been experienced this kind of situation yet, where in I will have to borrowed fiat currencies from someone for buying BTC. But I think time will come and I will may encounter a situation like this.

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