Topic: Have you ever borrowed fiat to get btc? - page 22. (Read 1741 times)
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Until now I have never borrow fiat money to get bitcoin, Because to get the bitcoin we can through the faucet is fairly free, join some bounty in this forum to get bitcoin
I would not recommend borrowing fiat to buy btc. Invest the money you can afford to loose. Do not live in such an uncertainty.
It is not advisable and I never borrow fiat to buy BTC. It is stressful to hold Bitcoin with debts and I think
It is easy to panic when BTC price dipped if I have debts to clear.
It is easy to panic when BTC price dipped if I have debts to clear.
Nope. This is a bad practice. Not only in this scenario but in any way. Borrowing fiat to get something you don't know whether it will become an asset or just a plain liability. It can cause you problems if it doesn't give the outcome that you are expecting. It is always better to work hard to earn something you want.
No, and I won't do this, because btc investment is a risk. If btc value crashes one day, I won't be able to refund the loan I've done to buy btc. It's like people who sell their house or quit their job for btc, it's too risky.
Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.
You say very rational. I think so too. But it is now, I can say that. When I started to join the bitcoin I did not have money to buy coins. To buy rigs for mining coins, I could not. So I had to take Fiat as a starting capital. It was really risky but I did it at the right time and so now have no shortage of money. Sometimes you have to take risks to change your life. Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.
No, and I won't do this, because btc investment is a risk. If btc value crashes one day, I won't be able to refund the loan I've done to buy btc. It's like people who sell their house or quit their job for btc, it's too risky.
Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.
Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.
Well as of now, I havent really borrowed money from anyone. I have my own to compensate for my needs and a little funding for my BTC. But, when it really calls to it like when suddenly bitcoin price goes really down and your money is not enough, I would really borrow then, buy some BTC and store it until its value gets Higher and higher. I will return the money I Borroed ASAP, baecause, I hate having borrowed money from someOne.
No, I have never borrow fiat to invest in Bitcoin. The only “borrowing” I have done is to buy Bitcoin using my credit card. But I paid the bill within the credit period.
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 never did. Borrowing money to buy bitcoin is very risky, I prefer to buy bitcoin from savings, than stored in banks I better use to buy bitcoin.
I borrowed some money from my bank last August and bought BTC at $3k level and have fully paid what I borrowed last December upon selling my BTC at $18k level. There is nothing wrong in borrowing but one must exercise caution with it and know the risks involved. You must have extra income to pay for what you borrowed in case worst things happen. Borrowing money is what big corporations are doing to expand their businesses.
I borrowed $100k to buy into crypto
Dang! That took some guts! I hope it all went well for you.
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 did not borrow it, and I will never do it, because it is very ricocated, especially with bitcoin. This is a non-existent crypto currency, with which you can get both a big plus and a big minus. 
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.
Yes, I have borrowed almost 70% of what I have now just to start investing in cryptocurrency. I have borrowed that money from my mother and promised her that I will be a millionaire someday with this.
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 already did it before. But my simple explanation is that Bitcoin is worth risking your money with. I've risk borrowing money from my friend just to invest in Bitcoin because I know that it is profitable. Good thing is that my money is doubled adter a couple of months due to the vast increase on its value whih made me able to pay the money I borrowed and earn extra profit.I never borrowed to get some bitcoin and will never do it if ever have a chance to borrow. For me borrowing money to someone is more risky than investing in bitcoin because if you failed to pay the borrowed money on time there will be trust issues.
On my experience i didn't borrow yet but. if in the certain situation that i need to borrow fiat to get btc. why no im willing to borrow. 
No i haven't borrowed fiat to buy bitcoin or any other coin. I prefer to earn bitcoins or other coins rather than buying them. Because in earning risk will be minimum. 
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I must admit that back in the day when bitcoin was first rising i did borrow some cash to buy me a few ant miners. Now they did pay off for themselves off in a few months and that was mostly due to access to free electricity. Now i wont ever do that again as it could go badly real quick leaving me with debt that i am not ready to accept just because i acted on a hunch.
not yet and i don't have any plan of doing it.
it will also be best to advise your friends or relative not to do it.
despite the possibility of earning huge with bitcoin i still don't think it is worthy for you to borrow money in order to invest with bitcoin.
spending what you can freely spend/afford to lose.
remember if you ever lose on your investment in bitcoin it will be harder for you to pay your debts.
it will also be best to advise your friends or relative not to do it.
despite the possibility of earning huge with bitcoin i still don't think it is worthy for you to borrow money in order to invest with bitcoin.
spending what you can freely spend/afford to lose.
remember if you ever lose on your investment in bitcoin it will be harder for you to pay your debts.
No, not yet and I don't plan on it. Bitcoin is too volatile to ask a friend/family member for money to buy some or getting a loan from somewhere else. I don't like owing money to someone. I would say work overtime at your job if you can; if you need the extra money to buy bitcoin.
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