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Topic: Have you ever borrowed fiat to get btc? - page 15. (Read 1742 times)

sr. member
Activity: 1914
Merit: 328
February 10, 2018, 03:05:36 AM
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.
You should not get scared of debts and loans. They are a great help for starting a business and investment. Bill Gates and all the other tycoons had borrowed money from banks and so in order to create their respective business empires. Bitcoin will definitely help the holder to clear all the debts. You don’t need to worry about the borrowed money as far as bitcoin is standing by your side.
full member
Activity: 378
Merit: 100
February 08, 2018, 03:17:10 AM
Until now I've also never bought a fiat because the current situation is not supportive and still need big capital to buy all the equipment.For that I am still trying my hardest in collecting income every month if you want to do business in the future.
member
Activity: 146
Merit: 10
February 08, 2018, 02:24:13 AM
No' I did not barrowed fiat money to get bitcoin, luckily someone gave me a small amount of btc so its now on my wallet and i'd never spend it until i earn more btc to get more investment. If i want to be a good investor i will do it in my own way from small capital but can earn more profit. So i cannot lost a large amount of money if i failed in this industry.
full member
Activity: 196
Merit: 100
February 08, 2018, 02:11:48 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'm sure that there are some members here that already tried that. But as an investor, I would not recommend for everyone to do it. Investments are just an option for all of us to "earn" extra money not to have "debt." There's a saying that you should only invest the amount of money you can afford to lose which means borrowing money form investments is not really ideal and a bit risky for you. Though we are a bit ensured that bitcoin will probably increase its value after some time, we still don't want to risk certain amount of money that we don't even have.
newbie
Activity: 210
Merit: 0
February 08, 2018, 02:06:06 AM
No, I haven't barrow money to buy Bitcoins, I started here in Bitcoin with very minimal Bitcoins, bought it with my own money, then I joined and participated on bounty campaigns where in I can earn Bitcoins, that's how my Bitcoin started growing and growing. For me, I will never barrow money to buy Bitcoins, one of the things I believe in is that, I only invest the money I can lose.
member
Activity: 336
Merit: 14
February 07, 2018, 11:07:23 PM
Nope. Bad idea. There are other ways to get money to invest in bitcoins. Work overtime, sell some unimportant stuff, limit your expensive coffee intake, postpone that travel goal...but never borrow money. I read about people in other threads who even want or have their houses mortgaged or sold. I wonder how they’re doing right now that the market is down.
sr. member
Activity: 728
Merit: 250
February 07, 2018, 10:54:30 PM
If you’re in the position where you have to borrow money to invest, you’re probably in more dire straits that need immediate attention. Investing, whether in cryptos or conventional stocks, is not the lottery. Or maybe it is? Not everyone is a winner and a vast majority are losers. The saddest thing I can think of is someone at the end of their rope and borrowing money they can’t afford to pay back to invest as some kind of “hail mary” to try to turn their circumstances around.
True investing is for those that have their finances in order already, you cannot think of investing money when you cannot pay your rent, I know this can be bad news for some since bitcoin is I think the biggest opportunity of our lives but that is why we must always try to be ready so we can take advantage of the opportunities that life give to us.
sr. member
Activity: 638
Merit: 300
February 03, 2018, 02:35:53 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 didn't try to borrow fiat or money inorder ro invest in cryptocurrency or bitcoin. I know that we cab earn or make profit by investing money in bitcoin but I also know how risky it is to invest your money into this world in which cyrptocurrency is volatile. it may dip really down or it might also make your money double. so my technique is joining into campaigns and the coins I got from their Invested it to the coins that have a possibiliyy to pump .
newbie
Activity: 154
Merit: 0
February 03, 2018, 02:15:49 PM
better to loan fiat and get btc why because bitcoin is an increase in value but fiat decrease in value day by day
member
Activity: 162
Merit: 10
February 03, 2018, 01:59:20 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.
sr. member
Activity: 588
Merit: 256
February 02, 2018, 01:06:27 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 will not do that.
my advice, that you should not do that to borrow money just to do mining activities that I do not think you will get from the mining results you will produce. That's what I'm worried about is going to happen, if you can not produce anything unless you pile up the debt you're doing because of the loss you're experiencing. Because in terms of mining, of course you should have a good detail about the cost you will spend.
sr. member
Activity: 728
Merit: 250
January 31, 2018, 09:52:36 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.
That seems like a terrible idea to me, I do not like borrowing for any reason, that is just a tool the banks use to enslave people, they say slavery is illegal but I see slaves everyday, people that have to work in a job they hate so they can pay all the stuff they paid with easy credit of the banks.

You just described my life perfectly. Lol ok it’s not that bad. I have a house and my own business. Neither one are paid off but get closer each month.
Sorry about that but I really hate debt, debt can be useful but now people have gotten used to be in debt for the rest of their lives, in the past loans were only given for productive activities like creating a business, but now most loans are consumer loans.
member
Activity: 812
Merit: 11
January 28, 2018, 06:40:36 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 am better using my saving to get bitcoin. its not good to investing anything with loan money. With using idle money, I am believe i am more comfort with my investment because market can not be predicted
newbie
Activity: 224
Merit: 0
January 28, 2018, 06:34:04 PM
Personally i have not but i know sombody who did. In the end the result paid off for him and he made quite a bit of money. But that takes a lot of guts to use others money for such investment.
newbie
Activity: 29
Merit: 1
January 28, 2018, 06:28:39 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 have not yet borrowed money for buying bitcoins as I had already bought it two years before when it's price was very cheap compared to today's higher price. But today i could see most people borrowing money for buying bitcoins as they don't want to miss the opportunity.

Back in 2018 I was about to perform such a move, but due to my family fear of using our saved money I didn't I regret strongly not making that move.
Probably i won't have such opportunity in life again.
sr. member
Activity: 594
Merit: 250
January 28, 2018, 06:24:21 PM
I borrowed long time ago when i was new here in bitcoin. I only do it to test if bitcoin is real or not and at that time i don't have money to buy btc. I was smiling back then because i'm not the type of person who borrowed. If i have money back then i won't do it because i don't have a assurance that i will earn in the past.
hero member
Activity: 882
Merit: 517
cloverdex.io
January 28, 2018, 06:06:49 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 have not yet borrowed money for buying bitcoins as I had already bought it two years before when it's price was very cheap compared to today's higher price. But today i could see most people borrowing money for buying bitcoins as they don't want to miss the opportunity.
I have also not borrowed money from anyone and started earning bitcoin with zero investments. To get bitcoin or to have bitcoin I joined bitcoin signature campaign because I think it is best to start with earning bitcoin before altcoin. For me, it is a bad idea to borrow money just to start a business or investments, it is better for me to work for the money myself.

I have done it so. Borrowred around few thousands in my local currency and bought less bitcoin last year. Was able to turn over som profits when the vlaue was hih in December 2017. The time has changed now, Waiting for the price to go up no one or the other reasons. I came across many article stating, few countries are going to adapt bitcoin. UK and Korea as well. Lets wait for the pupp.   
hero member
Activity: 641
Merit: 505
January 28, 2018, 05:44:17 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 have not yet borrowed money for buying bitcoins as I had already bought it two years before when it's price was very cheap compared to today's higher price. But today i could see most people borrowing money for buying bitcoins as they don't want to miss the opportunity.
I have also not borrowed money from anyone and started earning bitcoin with zero investments. To get bitcoin or to have bitcoin I joined bitcoin signature campaign because I think it is best to start with earning bitcoin before altcoin. For me, it is a bad idea to borrow money just to start a business or investments, it is better for me to work for the money myself.
hero member
Activity: 714
Merit: 500
January 28, 2018, 05:40:09 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.
No I have not yet borrowed money for buying bitcoins as I had already bought it two years before when it's price was very cheap compared to today's higher price. But today i could see most people borrowing money for buying bitcoins as they don't want to miss the opportunity.
sr. member
Activity: 700
Merit: 260
January 28, 2018, 04:37:02 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.
yea i did it.... to buy small amount of bitcoin. Didnt get any profit from that. I sugested for earning form other way to earning bitcoin.
Borrowing a fiat for btc is very pressure to get profit. So weold be worst if we make a mistake or bad decision on trading or others.
So now i just find a new way to earn bitcoin... no pressure to pay and get a profit.
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