Bitcoin is currently an investment and like every investment never invest money that you cannot loose.
Eventhough in the last year it was a great investment one setback can put you in a whole heap of troubles.
Topic: Have you ever borrowed fiat to get btc? - page 19. (Read 1741 times)
Loan for bitcoin is so risky. i will never take risk like this.
be save better that take big risk like this. only invest amount that can be lost
be save better that take big risk like this. only invest amount that can be lost
Yes i have borrowed Fiat from many people in early days when i started bitcoin trading and i had no money at all.At the start people refuse to give their money as they were not sure what the bitcoin is like and what he do with that.Than i promise each one to return them with interest which probably no one would have given.Eventually they agreed and i return them their money in very short span too.Now they are always like please invest it but i don't wanna take their money.Trading from borrowed money is right you can do that but for that you need to have big heart to gain profit from that money.
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.
maybe some people do it, but for me personally never think like what you say. basically I already have knowledge of basic computer science, when bitcoin does not exist yet. so I try to search for various information and knowledge, only then I am ready to engage deep in bitcoin.
I never borrow money to anyone to buy bitcoin or altcoin. my trading or investment needs allocate funds from my personal savings. I do not use family savings for investments, but I use my small funds that I collect little by little to get the capital to buy bitcoin. daily necessities will not have an impact because I have allocated these funds. my advice for trade or investment would be better if we use idle funds. it would be better if we could calculate the daily funding needs and family needs. so it does not affect family or personal needs. that is my opinion.
my friend just did it, he borrow some amount of money to buy alt coin. and now his nett profit is kinda legit too. i think it is based on your luck in borrow and buy coin. kinda risky, but it will help you gain some more money that starting with small amount of money.
Yes even I give a fiat to my different friends to buy bitcoin because when I join bitcoin so I buy bitcoin with my real money and now I’m doing investment here and I earn a lot of money from it and I’m sure that bitcoin is very committed in profit so bitcoin make me rich in a very short time and now I’m inviting my friends to join bitcoin and if they don’t have money to invest do I’m giving them to invest here. 
no, I think it's a bad idea to do, it would be better if we use our own money for bitcoin investments, what I fear is when we use other people's money then we cutloss and we do not have something when billed, it will be that is embarrassing
I once thought about doing the exact thing but in the end, I decided against doing it because it can bring about a lot of undue pressure on you especially when the value of bitcoin doesn't rise in the said time and the person that you borrowed money from is on your neck trying to recoup the money that you borrowed. 
Yikes. I'd never borrow money for anything less than a life or death emergency, much less to "invest" into crypto. Forget all you've heard and seen about Bitcoin, nothing is ever worth a gamble like that. What's the best case scenario? You borrow, invest and make a lot of profit. You pay back and if your lender finds out he could have had more, there's going to be bad blood. Worst case scenario? You lost investments, possibly friendships and family ties.
Earn money as you would, set aside something each time your salary comes in to buy some Bitcoin. It's a long hold anyway so there's no rush. Or, try a hand at self-employment. More and more companies pay out in Bitcoin and alts now.
Earn money as you would, set aside something each time your salary comes in to buy some Bitcoin. It's a long hold anyway so there's no rush. Or, try a hand at self-employment. More and more companies pay out in Bitcoin and alts now.
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.
Going by the fact that these technologies and markets are still evolving, a handful of uncertainties along the way are not unlikely, so having to borrow money that would attract interest would need a second and thorough thought, so that worse case scenarios can be factored into the final decision making. Folding one's alms is however not a choice, because nothing venture, nothing gain!
no, I think it's a bad idea to do, it would be better if we use our own money for bitcoin investments, what I fear is when we use other people's money then we cutloss and we do not have something when billed, it will be that is embarrassing
I never have borrowed flat to get Bitcoin. I dare not to because I personally do not like having debts and I've found a way to earn Bitcoins without having to spend how much I have. I chose to work on signature campaigns to earn Bitcoin because as a student it is the most beneficial way for me to do so, I won't spend a penny and I will gain knowledge also experience in what I am doing and going to do. In my opinion, borrowing money to make an investment in not a good practice especially if done frequently for your profits might just serve as payments for your debts and it can through time if your investment takes time to grow and if it fails.
I agree with you. I do not like having debts too. I always try hard to earn money from many ways in bitcoin. If I we borrowed money for bitcoin we will never feel the struggle and the challenge to get success. Everything will more exciting and pleasure if we do it by our own money.
I never have borrowed flat to get Bitcoin. I dare not to because I personally do not like having debts and I've found a way to earn Bitcoins without having to spend how much I have. I chose to work on signature campaigns to earn Bitcoin because as a student it is the most beneficial way for me to do so, I won't spend a penny and I will gain knowledge also experience in what I am doing and going to do. In my opinion, borrowing money to make an investment in not a good practice especially if done frequently for your profits might just serve as payments for your debts and it can through time if your investment takes time to grow and if it fails.
Exactly, I also find myself not liking having debts, it is just a burden. Many people say, by having debts you will work even harder because you have bills to be paid. But definitely no from me, particularly borrowing money to buy highly volatile asset as bitcoin. I prefer use my letfover salaries and earn it from campaign.
No. If you’re not liquid, there are other ways to get funds to invest in bitcoins. Try joining campaigns, sell some stuff on eBay or get a part-time job.
I never did it. but I heard lots of people did that to invest in bitcoin.
I think it may ok, if you are investing in ICO otherwise, it is very risky.
I think it may ok, if you are investing in ICO otherwise, it is very risky.
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 prefer to buy bitcoin from the rest of the monthly wage. I think it's very risky to buy bitcoin from borrowed money.
Seldom does any of the investors manage to make a profit with the help of a loan. Only real professionals can afford it. And there are no such units on the market.
I never have borrowed flat to get Bitcoin. I dare not to because I personally do not like having debts and I've found a way to earn Bitcoins without having to spend how much I have. I chose to work on signature campaigns to earn Bitcoin because as a student it is the most beneficial way for me to do so, I won't spend a penny and I will gain knowledge also experience in what I am doing and going to do. In my opinion, borrowing money to make an investment in not a good practice especially if done frequently for your profits might just serve as payments for your debts and it can through time if your investment takes time to grow and if it fails.
Thats exactly my mentality too, i just use money that belongs to me and that i can afford to loose if my investments fail. Its not that much that i can afford to invest since i'm a student too, but i would never try to ask my parents for money just to put it in crypto.
I never have borrowed flat to get Bitcoin. I dare not to because I personally do not like having debts and I've found a way to earn Bitcoins without having to spend how much I have. I chose to work on signature campaigns to earn Bitcoin because as a student it is the most beneficial way for me to do so, I won't spend a penny and I will gain knowledge also experience in what I am doing and going to do. In my opinion, borrowing money to make an investment in not a good practice especially if done frequently for your profits might just serve as payments for your debts and it can through time if your investment takes time to grow and if it fails.
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 actually borrowed $50 from my mom to buy bitcoins. I paid her back and when I made around $200 worth. Lucky for me, when I bought the bitcoins, it spiked so much that I even got to buy my parents things like new clothes and we ate out. Best $150 spent last 2017.
Only from my credit card, but that was to purchase BTC and resell it the same day for an extra 15%. I mean, who wouldn't do that? That's safe and secure (as in paxful / localbitcoins style, if you know what you're doing you won't get screwed or at least have minimal chances of that happening)
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