Topic: Have you ever borrowed fiat to get btc? - page 18. (Read 1741 times)
I never borrow money, especially to make an investment, even to get Bitcoin. Any investment is a little risky, you never know whether it is worth it or not. It will be very sad to lose the borrowed money because of the wrong investment. I mean investing in Bitcoin it is very smart thing, but with the condition that it is your own money. I just hate to borrow because I'm afraid something will go wrong and I will not be able to return the borrowed money.
Me and my community always has 1 rules: Only put money which you can throw away into crypto 
I know it sound weird, but it actually help you free your mind without any pressure when trading or hodling your cryptos portfolio. I treated them like my savings.
I know it sound weird, but it actually help you free your mind without any pressure when trading or hodling your cryptos portfolio. I treated them like my savings.I also did the same thing. I never borrow fiat to crypto, because I know crypto have a great risk. so I am very worried when lost I couldn't return it. There are still many free ways to earn money in crypto. so try to do things that are safe.
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 not either. I do not borrow money at all, it's a matter of principle. I think that if you decide to invest in something, you need to invest in it your own, not someone else's money. You never know if the investment will justify itself. It's one thing to lose your money and quite another thing to lose someone else's money.
Yeah, I borrowed fiat to buy some bitcoin. There is nothing wrong from it. For me, it is also like trading, we can buy using fiat then convert it into bitcoin with low price and sell it will high price to gain profit.
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.
Even in my dreams I didn't think about borrowing fiat just to have bitcoin. We all know that bitcoin price always fluctuates, and it is a big gamble when it comes to you getting profit or not, you cannot predict when its price will rise or fall. The best choice is to save your own money to have even small capital then buy bitcoin when its price drop down. It is more joyful to earn money with risking your own things than to gamble what's not yours.
Me and my community always has 1 rules: Only put money which you can throw away into crypto I know it sound weird, but it actually help you free your mind without any pressure when trading or hodling your cryptos portfolio. I treated them like my savings.
I know it sound weird, but it actually help you free your mind without any pressure when trading or hodling your cryptos portfolio. I treated them like my savings.
I done that, but I didn't bought Bitcoin. I bought some altcoin and it returned very good. Even it's risky it could be paid of very nicely. Many people borrowed money and bought mining rigs.
Everyone should really do the calculation and research before doing some things otherwise loss is very painful when you lose borrowed money.
Everyone should really do the calculation and research before doing some things otherwise loss is very painful when you lose borrowed money.
Well, crypto is an investment at the moment so it probably isn't wise to borrow money for it. Because that means you are investing more than you can afford and that is mentioned everywhere as to be one of the key rules of investing, not to invest anymore than you can lose.
Haven't borrowed any myself for crypto. Got lucky enough to buy some btc when it was about $150
Haven't borrowed any myself for crypto. Got lucky enough to buy some btc when it was about $150
Personally I've never borrowed money to buy bitcoin! the market is unpredictable for such a risky behavior. I know one country ( Ukraine) there is already officially give out loans to buy bitcoin!
Not yet ... I exclude this to my options on how to have BTC. I think its better to work and when ever there's some extra savings then invest in Bitcoin.
... I exclude this to my options on how to have BTC. I think its better to work and when ever there's some extra savings then invest in Bitcoin. 
I also did not borrow money to buy bitcoin, but I think it was necessary to do this, if possible, having risked this earlier it would have already been reimbursed.
With me asking such questions to me, it looks like I did it.  But I read somewhere, do not remember where, according to a survey about 18% of crypto users are investing using the loan money I myself would not do it, would not risk my loan for some speculative assets I have. will use my current crypto portfolio for reinvestment, I even withdraw my initial capital, so this is all about the benefits I have today.
I actually started my journey in cryptoworld without investing any money, because my friend guide me here and teach me how to make profit without loosing money. But I realize how good bitcoin is, so I push myself to learn more about cryptocurrency and of course more on bitcoin. When I'm confident enough, I finally borrowed some money to my friends because that time the price of bitcoin are dumping at around $3k So i have to take that opportunity very bad, well it pays off more than what I expect to be.
Haven't borrowed fiat for the purpose of buying bitcoin, has borrowed bitcoin for the purpose of gambling. Other than this I've paid my friend in terms of bitcoin the amount which I got from him in terms of fiat. This happened when the price was around $900. If the amount paid was calculated in terms of fiat, the difference is very big.
No haven't ever. Just as a precaution. Now that the btc price is tumbling, how do you return the borrowed money?
I don't believe in borrowing money to invest. No, I never borrowed any fiat nor sold anything to invest in Bitcoin, I just started early.
No I already have some of my funds when I started doing this btc business and I really think that it would be more risky to borrow some fiat just to get bitcoins because what will you return if you have lost your capital.
I joined or entered the world of bitcoin/cryptocurrency for long term investment and i don't have plan to borrowed money from someone else just for investment. For me it is selfishness. What i usually do is to save fiat by not buying a not so importany items so that i can save money to buy bitcoin.
No, i never borrow flat for buy equipment. Especially, bitcoin..
i collected my money to buy my coins..
i collected my money to buy my coins..
Borrowing money is generally a bad practice. And borrowing for the purchase of digital assets such as Bitcoin is generally insane. High-risk investments are uses on the funds that you can afford to lose. Using borrowed funds for such purposes increases the risk and irrationality of such actions in many times.
Jump to: