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Topic: Have you ever borrowed fiat to get btc? - page 3. (Read 1741 times)

sr. member
Activity: 552
Merit: 250
I don not suggest that you borrow fiat money for buying crypto currencies, because thats very risky decision and could cause many financial problems for you. It is better that you invest from your pocket even small amounts, or keep working and investing your time until you collect good amount of BTC. The market is actually down and we dont know exactly when it will go up again.
full member
Activity: 518
Merit: 100
Now I have an idea to borrow money to buy bitcoin and ethereum while such low price. But I still thinking about it. Undecided

Better do not do it. You can sell some stuff that you do not need and get a mining farm. However, miners of ETH will get less profit now. Do not borrow fiat.
full member
Activity: 369
Merit: 106
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 think borrowing fiat to buy cryptocurrency is a ridiculous thing. it's very risky and we never know when will profit from crypto because of unstable prices. I myself to get bitcoin and crypto by following the bounty program and airdrop. I think it's more effective
newbie
Activity: 182
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.


Nope i never borrow fiat just to purchase btc, because i know in the first place this kind of investment is very risky due to the volatility of the price, there are many ways on how to start without money involve, me i do some bounties and campaigns just to earn and its worth it.
member
Activity: 294
Merit: 34
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 just set aside some part of my monthly salary and invest it in bitcoin as i believe that borrowing isn't a good financial decision. Bitcoin is rather a very risky investment, I won't invest money I can't afford to lose. It is a long way to build my bitcoin wealth, but I will save it for my brighter future.
newbie
Activity: 53
Merit: 0
I have taken loan in the bank to buy some btcs this gone week as I want to trade badly in the dip Sad but had no money
hero member
Activity: 798
Merit: 501
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, cannot do that because i have a family. It is very hard to borrow money and put it into investments in bitcoin since the value is very volatile. What i did i had get a percentage on my savings for the investments and hoping that i could make it bigger someday or at least i can have a little profit that i can earn also.
Yes that is a good decision, we should never borrow fiat for buying bitcoin, we should invest only such amount of money that we can afford to lose, because if you will borrow money from someone and if you lose the money that you have borrowed from someone, it will create problem for you, you will then find it difficult to return the loan you have borrowed. Therefore we should only try to use our own money that he have in our pocket for investment.
member
Activity: 182
Merit: 12
NEVER EVER SPECULATE WITH BORROWED MONEY! This will make your life a mess. Work hard, earn money and invest the part you do not need for anything else. Simple as that.
member
Activity: 238
Merit: 10
I never bowwoed fiat to buy cryptocurrencies and i will never do. Im the guy, i just spend money on things when i have it. So im no like all those people out there who take a credit to buy a nice car just to show off. So i always work for my own money. ANd i can look for my money, i can calculate how much i need to live and how much i can spend on useless stuff. So thats something very important, to leanr to handle money. If you borrowing money to invest in cryptocurrencies, you risk to lose someone else money which you cant give him back. Dont do this!
copper member
Activity: 301
Merit: 2
yes, i did that. the first time I knew Bitcoin, I borrowed money from my friend who taught me about Bitcoin. but once I know the risk from Cryptocurrency is that we can lose money, I do not dare to borrow money to buy Bitcoin. and right now I set aside my work money to buy Bitcoin, and I also follow a bounty program to earn money.
member
Activity: 210
Merit: 10
Nope, i haven't try because this market is totally unpredictable, so it means borrowing money for buying coins or Bitcoin is super risky which could destroy your real life . Specially when it's in the huge drop at present and we couldn't know which is the right bottom price to buy at all. Just wait and chill out.
full member
Activity: 283
Merit: 100
Cryptocurrency is a very unstable investment, and you can plan to pay off the debt in one term, but in fact will be quite different. So this is quite a big risk.
full member
Activity: 364
Merit: 100
I didn't borrow money. Especially in order to buy my first bitcoin, I was saving money from my salary. This is the surest way to start your activity in the cryptocurrency.
member
Activity: 406
Merit: 10
I would never risk borrowing money to invest in the crypto market. I only risk what I can afford to lose, but there are people who do not really analyze the risks involved
member
Activity: 322
Merit: 10
I am absolutely not jealous of the people who got into debt for bitcoin. Unfortunately, it is very unpredictable, and your debts can turn you very negatively.
member
Activity: 406
Merit: 11
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, cannot do that because i have a family. It is very hard to borrow money and put it into investments in bitcoin since the value is very volatile. What i did i had get a percentage on my savings for the investments and hoping that i could make it bigger someday or at least i can have a little profit that i can earn also.
full member
Activity: 350
Merit: 109
Actually. The cost of the bitcoin is so expensive. I realize that if you want bitcoin came from your wallet. I wish to beholder and trader the bitcoin. No decision I borrowed fiat from my parents. I tell them all about bitcoin. Following a four-month, I officially paid my parent to obligation. There is nothing incorrectly borrowed fiat important as long as you pay your debt.
member
Activity: 266
Merit: 17
I'm planning to borrowed before but my friend told that I can actually earn without money involved at first I don't believe him but after he told to joined in this forum and joined to the bounty program, signature campaign and social media campaign I can get a reward. Then after getting a reward I can start investing and trading.
full member
Activity: 242
Merit: 100
“Blockchain Just Entered The Real World”
I do not dare to borrow fiat money to get the bitcoin is too uncomfortable. cryptocurreny can not be counted for income. I think rather than borrow money better we collect the coin through signature campaign programs and bounty is memamng takes time but more secure and not at risk.
newbie
Activity: 30
Merit: 0
Yes I once borrowed but not fiats, just some btcs to make a payment that's it Wink
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