When is it useful to borrow bitcoin? - page 11.

Icathia

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Quote from: DomesticTrader on September 15, 2016, 10:21:08 AM

Borrowing any kind of money is never super useful and efficient cause it always costs money aswell setting you back etc.
If you a running a business and need a little bit more capital with a sure return of profit then borrowing is great cause it makes you able to take the oppurtunity which you couldnt take otherwise.

Yep borrowing bitcoin or any money for that matter is never the most smart decision just if you really need it.
I'd remember the option only borrow when there's is completely no other option left. Borrowing cost money and gives stress for paying it back.

JeanMcCoy

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It is useful to borrow bitcoin only when you are for example a startup company and need a bigger capital. But then it's better to offer to invest in you as your return won't be quick and you probably can't pay back quick making the rent high.

Ybalevia

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when is it usefull to borrow bitcoins i dont understand why people are asking things because you can borrow bitcoins all the time but you should borrow them on the lowest price off course otherwise profit is far away.

jossiel

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Quote from: yopix on September 18, 2016, 10:17:20 AM

If there's a great opportunity available for an investment, it would be a good situation to borrow for.

Well this is really good to consider if you really need bitcoin for some opportunities that you can see that you are going to be productive.

And you don't have enough fund for investing to it, so that is going to be a good choice if you are going to borrow bitcoin.

But make sure that you are going to be profitable with it because once you failed with your investment for sure you are going to have debts and it is really going to put you in depth because of its interests.

Fatanut

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I think it would be most useful when you borrow Bitcoin to use it as a capital or maybe as an additional to the capital that you already have. But you should avoid it as much as possible because there's a possibility that what you borrowed today is much more valuable at the time of repayment. For example, you borrowed 10BTC at 611$, then that's 6110$. But at the date of repayment, 10BTC costs 700$, then that's 7000$ in total. You just lost 890$ just because you repaid in a bad time.

nejibens

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I am not sure if it is useful to borrow Bitcoins, anytime. Sometimes we need to borrow because we haven't another solution, but i think it should being always our last solution

yopix

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If there's a great opportunity available for an investment, it would be a good situation to borrow for.

Hellacopter

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I think you haven't to borrow bitcoins anytime unless you need it urgently for emergeny purposes. Thats my advice because you dont know if you will be able to repay in time or not, so better to avoid borrowing bitcoins

HarryKPeters

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Quote from: virusasog on September 18, 2016, 08:17:01 AM

Quote from: Prettygirl01315 on September 18, 2016, 01:28:15 AM

If you want to borrow bitcoin. Lending section is the most legitimate section I would suggest to you. But first you have a collateral account so that persons of interest will acknowledge your borrowing and earn trust from them. Keeping your account a good poster makes it better and also keeping your account have a signature campaign is an advantage to approve your loan.

I don't think it would be best advice because there are many scammers running around us here. If you want to borrow or start lending check the sites accept bitcoin lending service like btcjam.

The lending business indeed is risky. They are scammers and honest people but it is hard to know which one is who. If you need money just save money and buy it.
Having debts is a thing you should avoid at all time.

virusasog

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Quote from: Prettygirl01315 on September 18, 2016, 01:28:15 AM

If you want to borrow bitcoin. Lending section is the most legitimate section I would suggest to you. But first you have a collateral account so that persons of interest will acknowledge your borrowing and earn trust from them. Keeping your account a good poster makes it better and also keeping your account have a signature campaign is an advantage to approve your loan.

I don't think it would be best advice because there are many scammers running around us here. If you want to borrow or start lending check the sites accept bitcoin lending service like btcjam.

Prettygirl01315

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If you want to borrow bitcoin. Lending section is the most legitimate section I would suggest to you. But first you have a collateral account so that persons of interest will acknowledge your borrowing and earn trust from them. Keeping your account a good poster makes it better and also keeping your account have a signature campaign is an advantage to approve your loan.

Doamader

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Quote from: jossiel on September 16, 2016, 11:34:19 PM

Quote from: DuckKeeper on September 16, 2016, 04:12:37 PM

Quote from: lionheart78 on September 16, 2016, 01:47:30 PM

I think it is useful to borrow bitcoin if you saw a one in a lifetime bitcoin investment opportunity but lack the bitcoin to invest in it. You can't say when you need money because if that is the point then why not borrow money from your relatives or your friend. Basically it is wise to borrow bitcoin if you think that the thing you will use this borrowed bitcoin will give you big profit.

It can be good but I think its not worth it because you always need to pay more back and simply for that its not smart at all.
People are mostly doing this if they do not have money available for a moment, sometimes its also good to not have this by the way.

For me as long as you don't need it, then you don't have to borrow bitcoin for me borrowing is just going to be useful if there's an emergency.

But I am thinking after borrowing the consequence of it is going to be paid with the interest that you are going to shoulder.

That is what I am considering that as long as you don't need to borrow, don't borrow..

At this forum the most loans requests are for gambles make their sport bets, or invest into some altcoin that is getting a great volume, besides that some people force the account sell dumping the accounts for almost any value you offer as a loan to them.

jossiel

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Quote from: DuckKeeper on September 16, 2016, 04:12:37 PM

Quote from: lionheart78 on September 16, 2016, 01:47:30 PM

I think it is useful to borrow bitcoin if you saw a one in a lifetime bitcoin investment opportunity but lack the bitcoin to invest in it. You can't say when you need money because if that is the point then why not borrow money from your relatives or your friend. Basically it is wise to borrow bitcoin if you think that the thing you will use this borrowed bitcoin will give you big profit.

It can be good but I think its not worth it because you always need to pay more back and simply for that its not smart at all.
People are mostly doing this if they do not have money available for a moment, sometimes its also good to not have this by the way.

For me as long as you don't need it, then you don't have to borrow bitcoin for me borrowing is just going to be useful if there's an emergency.

But I am thinking after borrowing the consequence of it is going to be paid with the interest that you are going to shoulder.

That is what I am considering that as long as you don't need to borrow, don't borrow..

DuckKeeper

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Quote from: lionheart78 on September 16, 2016, 01:47:30 PM

I think it is useful to borrow bitcoin if you saw a one in a lifetime bitcoin investment opportunity but lack the bitcoin to invest in it. You can't say when you need money because if that is the point then why not borrow money from your relatives or your friend. Basically it is wise to borrow bitcoin if you think that the thing you will use this borrowed bitcoin will give you big profit.

It can be good but I think its not worth it because you always need to pay more back and simply for that its not smart at all.
People are mostly doing this if they do not have money available for a moment, sometimes its also good to not have this by the way.

lionheart78

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I think it is useful to borrow bitcoin if you saw a one in a lifetime bitcoin investment opportunity but lack the bitcoin to invest in it. You can't say when you need money because if that is the point then why not borrow money from your relatives or your friend. Basically it is wise to borrow bitcoin if you think that the thing you will use this borrowed bitcoin will give you big profit.

DomesticTrader

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Borrowing any kind of money is never super useful and efficient cause it always costs money aswell setting you back etc.
If you a running a business and need a little bit more capital with a sure return of profit then borrowing is great cause it makes you able to take the oppurtunity which you couldnt take otherwise.

Zadicar

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Quote from: passwordnow on September 14, 2016, 10:14:33 PM

Quote from: shinratensei_ on September 14, 2016, 08:58:21 PM

Quote from: saiha on September 14, 2016, 08:21:16 PM

Quote from: BingoDog on September 14, 2016, 10:57:46 AM

If you don't have enough coins at the moment and you need it for useful purpose and you are sure that you will be able to repay the loan with interest and don't having problems because of it, then it could be useful to borrow Bitcoins. But I don't think that isw useful to borrow it for gambling.

But for me, borrowing bitcoin is not going to be useful at all because that is just going to add to your debt. But if your reason is to be profitable with that borrowed bitcoin.

Then I guess that is going to be a useful way but don't just hold it, you must going to work for it so that your bitcoin is earning.

Because you have something to pay for the interest and as well as the whole amount.

The mainly amount of loan + interest you are promising at the payback time and that is so weight, it's not only about considering just for borrowing bitcoin but you need for making calculate about if you get your loans and how many you can get a profit for your loans for a day and calculating with the total your loans+interest.

For me borrowing of bitcoin is not going to be useful and must not be done. Because I don't want to work for my debt and going to pay the interest seeing the lender are going to do nothing and going to earn by just lending their money without doing some efforts. I hate that to see the people earning from doing nothing.

Thats the essence on having a lending business which you could actually move your money only without doing anything on physical works. Agree borrowing bitcoin is not necessary unless if theres an emergency and we dont have any choice to borrow from but as long as you cant borrow money from others we must suppose do things that we could actually support our needs on money.

passwordnow

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Quote from: shinratensei_ on September 14, 2016, 08:58:21 PM

Quote from: saiha on September 14, 2016, 08:21:16 PM

Quote from: BingoDog on September 14, 2016, 10:57:46 AM

If you don't have enough coins at the moment and you need it for useful purpose and you are sure that you will be able to repay the loan with interest and don't having problems because of it, then it could be useful to borrow Bitcoins. But I don't think that isw useful to borrow it for gambling.

But for me, borrowing bitcoin is not going to be useful at all because that is just going to add to your debt. But if your reason is to be profitable with that borrowed bitcoin.

Then I guess that is going to be a useful way but don't just hold it, you must going to work for it so that your bitcoin is earning.

Because you have something to pay for the interest and as well as the whole amount.

The mainly amount of loan + interest you are promising at the payback time and that is so weight, it's not only about considering just for borrowing bitcoin but you need for making calculate about if you get your loans and how many you can get a profit for your loans for a day and calculating with the total your loans+interest.

For me borrowing of bitcoin is not going to be useful and must not be done. Because I don't want to work for my debt and going to pay the interest seeing the lender are going to do nothing and going to earn by just lending their money without doing some efforts. I hate that to see the people earning from doing nothing.

shinratensei_

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Quote from: saiha on September 14, 2016, 08:21:16 PM

Quote from: BingoDog on September 14, 2016, 10:57:46 AM

If you don't have enough coins at the moment and you need it for useful purpose and you are sure that you will be able to repay the loan with interest and don't having problems because of it, then it could be useful to borrow Bitcoins. But I don't think that isw useful to borrow it for gambling.

But for me, borrowing bitcoin is not going to be useful at all because that is just going to add to your debt. But if your reason is to be profitable with that borrowed bitcoin.

Then I guess that is going to be a useful way but don't just hold it, you must going to work for it so that your bitcoin is earning.

Because you have something to pay for the interest and as well as the whole amount.

The mainly amount of loan + interest you are promising at the payback time and that is so weight, it's not only about considering just for borrowing bitcoin but you need for making calculate about if you get your loans and how many you can get a profit for your loans for a day and calculating with the total your loans+interest.

mixan

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I think it is beneficial when the price is going up then when you sell you are getting a little bit back.
Then when it goes down you can pay it back to the lender and hopefully the amount that you got from the increase in price is more than the interest that they asked for you to pay back to them at the time the borrowing took place.

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