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Topic: Have you ever borrowed fiat to get btc? - page 9. (Read 1742 times)

copper member
Activity: 672
Merit: 270
No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.
I haven't done this thing too, It never ever comes to my mind to borrow fiat either to my brother, my parents and even to colleagues to get bitcoin. It's because of my some sort of pride that whatever may happen atleast there's none who would blame me on my failures, its myself only. And besides I have already a small amount of savings on my own and that's what I've used to get even a single bitcoin.
sr. member
Activity: 1491
Merit: 320
🐪
No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.

It is high risk investment and personally I think it is not clever to make such investments with someone elses money.
hero member
Activity: 3080
Merit: 603
I haven't borrowed money just to invest in bitcoin. I'm not confident if I'll use the money of others to invest for my personal investment or for personal use. I know this strategy works for others and its like they are making money out of the pocket of others but I'm not that type of person and its better to put my own money at risk instead of others. The market is too volatile and there's no assurance if the agreed date of payment will be followed because bitcoin's value is fluctuating most of the time.
full member
Activity: 199
Merit: 100
Presale Starting May 1st
Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
No it's not normal, normal people are not going to borrow money in order to invest in something that is so volatile if you lose your money and the probabilities are high that you will, they you will be in a  worse shape than when they began with no money, no bitcoin and more debts.
You are right, why still have to borrow if you can get bitcoin through rendering your service in exchange for just a couple of your time, you need to work hard here if you want to earn and it is not good habit to always borrow money from other people.
sr. member
Activity: 728
Merit: 250
Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
No it's not normal, normal people are not going to borrow money in order to invest in something that is so volatile if you lose your money and the probabilities are high that you will, they you will be in a  worse shape than when they began with no money, no bitcoin and more debts.
sr. member
Activity: 556
Merit: 250
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 and I don't have any plan to borrow fiat for btc. I believe that if we really want something then we should work hard for it. What we want to get should be something that we must work for. What I earned here in crypto were just my reward for focusing on reaching my goals here. By joining campaigns and trading sometimes. It is just a matter of patience and perseverance.
jr. member
Activity: 182
Merit: 1
No, but I used all mt fiat from my salary to buy laptop for me to used in joining the Bitcoin community, since phone is driving me crazy of it's small screen and at least it has word counter when I encode or type my answers.
jr. member
Activity: 135
Merit: 3
I have never borrowed good capital to any party. because the time before I invested in bitcoin world I already have savings deposits of money. I finally use for bitcoin investment capital
full member
Activity: 378
Merit: 108
no and i don't thing is a nice ideal, because borrow fiat money to invest in bitcoin can cost high blood pressure especially when the people is just new into crypto-currency
full member
Activity: 476
Merit: 108
Yes I had done so numerous times and payed them back with interest afterwards.
It's not just a mere necessity, actually it's quite optional. But in my case when I see
an opportunity to buy coins at staggeringly and surprisingly low prices, I immediately
begin to think immensely of buying or purchasing low and selling high at some point.
It is pure strategy and it's what I've learned from everybody. It's my positive approach
to a negative day in cryptocurrency. And it is risky too, since we can bitcoin as we know
is extremely volatile. Reassurance is the key to borrowing fiat to buy btc, always be a
man of your word.
jr. member
Activity: 301
Merit: 3
DAEFROM.com
No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.
hero member
Activity: 626
Merit: 500
Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
It's not normal ,its risky . you must invest from your earnings, unless those borrowed money is from your parents then it can be but if from friends its like doing gambling, earn that investment.
member
Activity: 252
Merit: 10
Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
yes, personally I am, yes, I believe in bitcoin, even when it was for thousands of bucks I believed that there will be growth and soon it will be more like other coins! buy!))
I already did it before when I need to pay bitcoin for my investment. I converted fiat into bitcoin to make that transaction. But it was not that huge amount. Because as the time goes by I started earning more bitcoin through bounty campaign. It was worth it to be honest because it helps me to start earning bitcoin.
member
Activity: 112
Merit: 12
I thought about it for a long time, I wanted to buy bitcoin for a lower price. But now I understand that I did the right thing, that I didn't buy it
jr. member
Activity: 280
Merit: 2
yes, personally I am, yes, I believe in bitcoin, even when it was for thousands of bucks I believed that there will be growth and soon it will be more like other coins! buy!))
sr. member
Activity: 728
Merit: 250
Nope! I would never borrow fiat money for the purpose of investment. Cause that would be counterproductive, that would then be liability and not asset.
One should invest if they don't have the capacity to do so.
Or at least if it is me.
This is correct the risk is multiplied many times if you borrow money, this is what fueled the mortgage crisis in the US since many people did not had the money to buy those houses and were in fact thinking they will be able to buy the house and then sell it for an higher price to someone else.
hero member
Activity: 959
Merit: 500
February 23, 2018, 10:11:18 AM
I do not think it is a smart thing to buy cryptocurrencies on borrowed money. Let your investment go sideways and you owe somebody money with no idea how to pay it back. Cryptocurrencies are still risky and to me depts are never a good thing. Because of that combination I would never use borrowed money for cryptocurrencies.
staff
Activity: 3206
Merit: 575
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February 23, 2018, 10:10:27 AM
No, I don't think I will ever take out a loan from the banks, friends or relatives just for the purpose of investing into bitcoin, the idea of getting into debt just simply stress me out, so I would rather just invest with the amount of money I can afford, and I would advise everyone to invest with caution due to the huge volatility in the crypto-currencies trading market.
full member
Activity: 420
Merit: 101
February 23, 2018, 10:07:32 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 was working with this signature and earning money with btc. And by that I never tried to borrowed fiat for some investment or trading. I am working with my own to get money. All I need before is to have a load to get an internet connections. Now we have unlimited wifi with the money I received coming from bitcoin.
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