Topic: When is it useful to borrow bitcoin? (Read 78965 times)
It would be useful to borrow bitcoin if it's borrowed because you really need it and then you don't have any other way to get some money or bitcoin and it's for useful purposes. Bitcoin is like money also so any consequences in borrowing money will apply also to bitcoin. There is such thing as good debt and bad debt. Good debt means that the amount you borrow will be use in gaining something like when you borrow for investment and the returns you will received from it will be bigger than what you borrow so it would be an advantage for you while bad debt means that the amount you borrow will be use in other things that will possibly not benefit you if you are not lucky like gambling. You should borrow not because you want it but because you really needed it.
If you need it urgently, go ahead and borrow some. But you need to return some extra BTC with it for sure. I'd rather get money through campaigns than this.
i do not think that it is ever useful to borrow Bitcoin because you will have to pay it back so it is not yours, I never like borrowing because I want something to be mine.
And also never borrow Bitcoin and gamble with them because you will lose them.
And also never borrow Bitcoin and gamble with them because you will lose them.
Special advice from me. it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it.
But if you find someone will lend you for 0 interest you can go for it.
Even on 0 interest as long you dont know on what to do with your borrowed money for sure you would still suffer debts . Its better not to borrow at all as long you have the money to invest or put o. Borrowing money is only for last resort if there no other thing or choice that you could make.
Special advice from me. it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it.
But if you find someone will lend you for 0 interest you can go for it.
Borrowing is always risky. Lot of users with the hope and dreams of earning through gambling borrow bitcoin. It involves two major factors the difference in value of bitcoin at the time of borrowing as well while repaying the borrowed bitcoin. Its better to borrow bitcoin or money to promote business to the next level, which is already running successfully.
For me when it is needed in my financial in my life because you have savings in this industry that is why it is very useful to use it when times of needed. After all you can earn as much as you want because you have stable income in there industry like trading, investing, faucet, forum and gambling. Too many opportunity by this matter.
Borrowing is always risky. Lot of users with the hope and dreams of earning through gambling borrow bitcoin. It involves two major factors the difference in value of bitcoin at the time of borrowing as well while repaying the borrowed bitcoin. Its better to borrow bitcoin or money to promote business to the next level, which is already running successfully.
Borrowing bitcoin is never so useful. Borrowing money always costs money so if you talking about efficiency it's only efficient if you can make alot of money with the money you borrowed somehow.
There are some cases that borrowing bitcoin is going to be useful and that is going to be helpful to those traders that badly needs to add and cover up some capital. That is why they are borrowing bitcoins but for me, I don't borrow bitcoin and even fiat money. I don't want to pay with interests rate, I will just going to work for it if I need it.
If I better not borrow because every business that we undertake risks, there is definitely a fear after we borrow and we don't get any profits will be puzzled to pay
Borrowing bitcoin is as dangerous as borrowing money never do it unless you have to do see a good chance you can make money with.
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
I agree and i am also not in favour of borrowing any kind of money weather its a bitcoin or fiat money,yes it is dangerous.There can be no good time to borrow bitcoins because it always get you trouble,increasing interest and taking another loan to repay that,just gonna increase your debt and problems. Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
Borrowing bitcoin is never so useful. Borrowing money always costs money so if you talking about efficiency it's only efficient if you can make alot of money with the money you borrowed somehow.
The interest and the day of payback are becoming the worst thing for using the borrowed amount in this time, and too many people never think about that and always using that way for getting some amount and in my mind, that is not an effective way.
Borrowing bitcoin is never so useful. Borrowing money always costs money so if you talking about efficiency it's only efficient if you can make alot of money with the money you borrowed somehow.
the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.
I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.going to buy new coins or not you know.
Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.
Borrowing money for putting up into a investment is not a bad idea at all because you could able to make profits with it and you must really assure that because if your investment would give you negative profits then you would surely suffer much more problem on the long run.
Here in my country there is a practice like that , people borrows momey for business purposes.
But it has to be sort of effective business and demand here like food business etc. where the profits is sure for long term.
Thats great idea loaning money for business purposes is really a great one, since we can make sure that we are going on right side for barrowing it since we can possibly make our loaned money turn to millions. But it will go bad if the business type you will made is illegal and unsured experimental ones since we might gonna lose our money for that certain matter and we can surely compromise for just one wrong move we gonna make.
Borrowing is dangerous in my opinion and I would always advice against doing so, but sometimes you get a very nice chance to make some money for example. If that chance is a 100% guarantee then I'd borrow money if needed.
Borrowing bitcoin is as dangerous as borrowing money never do it unless you have to do see a good chance you can make money with.
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
Borrowing money means you will receive the money.
Maye you are talking about lending the money since lenders will take the risk of not being paid back. But with a proper collateral that have much worth the value than the amount they lend, everything will be fine and no worries if the borrower goes wrong.
Borrowing bitcoin is as dangerous as borrowing money never do it unless you have to do see a good chance you can make money with.
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract
Thats great idea loaning money for business purposes is really a great one, since we can make sure that we are going on right side for barrowing it since we can possibly make our loaned money turn to millions. But it will go bad if the business type you will made is illegal and unsured experimental ones since we might gonna lose our money for that certain matter and we can surely compromise for just one wrong move we gonna make.
Honestly before I set up my small business, it came uo from a loan. A long term loan which the lender agrees to the term. Yes the interest is quite high but I able to pay it now and now getting continous profit out of it.
So for now, I have a business, a real life job and bitcoin job. Hard work really pays off.
When is it useful to borrow bitcoin? Considering that it is really hard to get a loan here on this forum even with escrow, and the plentiful amount of scammers floating around here, is there really a great reason to even bother getting a loan here? I mean unless you're flat broke I could understand but even still it's an uphill battle. It's way easier to take out a cash advance in an emergency. I suppose if you're dealing with a trusted borrower and trustworthy escrow you may have a chance in obtaining your funds. Other than that, it can be difficult for a scam-less transaction to take place.
Probably never, becaause bitcoin is a deflationary market, and if you borrow 1 btc at 200$ market price.
Then you use the 200$ to buy whatever, then if the btc price goes to 1 million $, then you owe 1 million $ which you cant pay from your salary.
Only inflationary currencies are worth using for credits like EUR,USD,JPY, and the rest of the fiat which is devalued and printed like crazy.
Sure that one is good. I mean everytime you exchange bitcoin into an altcoin or fiat, you are exposed to exchange risk.
But that is not necessarly a long term investment, its not even a loan, its just a pure short term startup/investment.
But most people take personal loans not business loans, which dont generate money, but generate huge liability after.
Getting a loan is too risky because there are consequences that you will going to face if you can not pay the loan that you've asked in time. Let's go back to your question about when it is useful to borrow bitcoin? I think the best time that is useful to borrow bitcoin if you know that it's price is going to go up again, I mean if you have an instinct and you are really sure about it's price that is going up in that day or maybe the other day something like that because if you are right from your expectations, you can get a high profit from it.
Borrowing bitcoins can best be done when you have the price at the lowest point you know lots of people are inveting into the bitcoin when the price
is at lowest becuase when he is going to rise they make more profit.
is at lowest becuase when he is going to rise they make more profit.
Even the price will be on the lowest price I think that is not even going to helpful because as we know the price of bitcoin is very unstable and fluctuation is happening daily. So if you are going to borrow at very low price and the price suddenly fluctuates to higher price then you are going to pay your borrowed bitcoin higher plus interest rates.
It also depends on the situation. But I always see that the growth of the bitcoin will give a positive impact to the users who have good beliefs, indeed all the things that are not necessarily risk we know. But it's all we can eliminate a very positive way or contribute best to the thing
the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.
I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.going to buy new coins or not you know.
Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.
Borrowing money for putting up into a investment is not a bad idea at all because you could able to make profits with it and you must really assure that because if your investment would give you negative profits then you would surely suffer much more problem on the long run.
Here in my country there is a practice like that , people borrows momey for business purposes.
But it has to be sort of effective business and demand here like food business etc. where the profits is sure for long term.
Thats great idea loaning money for business purposes is really a great one, since we can make sure that we are going on right side for barrowing it since we can possibly make our loaned money turn to millions. But it will go bad if the business type you will made is illegal and unsured experimental ones since we might gonna lose our money for that certain matter and we can surely compromise for just one wrong move we gonna make.
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