Topic: If you were in desperate need for money.... - page 132. (Read 209030 times)

gambling will surely not make you any decent money in my opinion, i would just sell all my bitcoins i have right now and in this way make some good money out of that in my opinion

If you were in a desperate need for money,

the answer for this question varies to how you need it and its length and span of time you require to have it.

If you desperately need money as soon as possible due to urgent financial requirement. I would say, go to the nearest Loaning/Lending firm and try to settle with the least interest rate on their terms. Investment proposals is not the best option for this problem.

If you desperately need money in order to become wealthy in the future. This requires Skills, Knowledge, Ability, Strategy, Financial literacy, and sometimes Luck, Enough amount of Capital in order to Invest in profitable Business. Employment is not the best option for this problem though.

If you desperately need money which relates to BTC cryptocurency in order to gain more profit on you investment. I would say, Invest yourself in learning more about trading, it's pros and cons, it's do's and dont's. Basing on the opinion of most of the people here in BITCOINTALK i would say, Many have been successful in trading, but it requires profound knowledge on which alt coins will be profitable in the future and which is best for your trade. Gambling is not the best option, as to its risk is very high, Unless you are oriented on its algorithms and hacks which only few has the knowledge.

I would rather steal money than play in gambling at my desperate time. I don't trust my luck that hard and I cannot trust gambling in desperate times.

With gambling you may win once or twice but you cannot expect the same in long run and you cannot depend only on gambling in case of any emergency as there is no guarantee of winning everytime.

You were lucky enough to win coins but it's not a method to get coins in case of an emergency. I prefer taking loans as a collateral rather than gambling and there aren't always cases where we need bitcoins urgently for buying stuff or paying bills or other payments.

Either bitcoin or fiat its never easy to earn money, it will require hard work and no one will give you it for free, and if you borrow from someone then he will only lend you money if you are trustworthy and hold a good image in society.

This is my opinion too. At this age I would realy feeling embarrassed to ask money from my parents.
Extra earning is always the best option but sometimes is not possible. By the way, do you think that is easier to earn Bitcoins or fiat money?

Borrowing from parents is the first option that comes to a mind, but the fact is after certain age limit you cannot afford to ask money from them, as it would be really insulting at both the ends.

The user means that you can apply for a loan in the bank but they usually only provide loans with a valid collateral and you need to mortgage your house or assets for the loan which may be very risky.

Even when you ask a friend for a loan, you have to keep your trust intact and return the money on the given date.
It's only if you need money urgently, you can choose to sell your assets rather than ask for a loan.

haha It's okay probably to borrow from your parents but don't do that with people who you don't know well. Bitcoin is a good long term investment but in a span of several months you might lose big investing in it.

I will borrow money to my parents and promising to pay within a month then i just buy bitcoin and wait to have a profit because i see that bitcoin will give more profit in halving

well there are some people who are holding their bitcoins for a long time and if they would be in real need of money i think they could sell the bitcoins they already have

to be honest i would most probably take a loan and buy some bitcoins, then i would just wait, there would be two possible outcomes, i would either make a lot of money or i would be in even much deeper shit

If I am desperate need of money then I will prefer to swap my credit card and get cash in return, no doubt I need to pay higher interests on it but I can afford to pay if I am in need of money desperately.

I would do any decent job just to earn some profit especially if I am desperately in need of it just like what I am doing right now but I am just doing a sideline and job online just to earn btc because It is very helpful to earn extra money , sometimes I can use it if ever I really need money to pay my bill on my college .

Do you mean borrow? because you can only lend money to the bank when you are bigger than banks. For your information, bank do lend money in world bank or any bigger banks that would give them a little interest as they also loan out the money they lend.

I think i will lend money to the banks and i will invest in bitcoin in short term and if i see i earn profit i think i just trade bitcoin to fiat and pay my credit and i will start in my profit to invest it again.

If I were in desperate need for bitcoins I will gamble everything that I have in dice games. It is a very risky move but at that moment luck was my side and I won 0.1 in one go in 5 minutes of crazy bets started with low capital of 1 million satoshi which is all i have at that moment.  It helped me a lot but today when i tried to do it again luck was no longer on my side and I lost everytime but at least I have a stable source of bitcoin right now so theres no need to worry.

I will earn decent money with works hard,I will do everything except scam people for money

I would go breaking bad mode and start a meth lab  but seriously I would probably take extra jobs and cut back on all unnecessary expenses

I think if you ask for help banks to borrow money for you. i think you should be warned if they provide great interest fpr you. fo course it will be harm to you. better ask the help of your friend maybe your friend will provide relief to give the loan without interest