When is it useful to borrow bitcoin? - page 14.

saiha

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Quote from: darklus123 on September 06, 2016, 11:19:22 PM

If you have a good trading skills then it can leads you to earn decent amounts

but come'on mate this is really not advisable because instead of getting your profit you just go to a much worse situation and i've seen a lot.

Yeah if you are going to borrow and you are going to start trading then your profits are just going to be paid for the interest of the amount that you have borrowed.

But if you really badly need bitcoin and you think that you are going to earn more than the amount of total borrowed money plus interest.

Then that is going to be useful for you as long as you can still have profit.

darklus123

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If you have a good trading skills then it can leads you to earn decent amounts

but come'on mate this is really not advisable because instead of getting your profit you just go to a much worse situation and i've seen a lot.

Doamader

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Quote from: martinacar on September 06, 2016, 10:10:25 AM

It is useful to borrow bitcoin same way it is useful to borrow fiat. If you really need to borrow the bitcoin then you borrow it. Some people use it to profit so they borrow it and they turn it into much more then they pay back and are left with the profit. So it depends if you need it for a capital or for other cause.

Borrow bitcoins its something more risked then real fiat, as you can lend to a people whic you know, with bitcoin you give some trust into other person asking a small interest on it.

Btcjam and others similiars are far away to bring something into bitcoin besides the huge potencial to scam others.

virusasog

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Quote from: elDano on September 06, 2016, 02:21:16 AM

It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

I think to lend a money It's all upto situations only no need to price value or something. I have that in btcjam is the one of the best place to borrow the bitcoin when in the need of business or for personal.

martinacar

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It is useful to borrow bitcoin same way it is useful to borrow fiat. If you really need to borrow the bitcoin then you borrow it. Some people use it to profit so they borrow it and they turn it into much more then they pay back and are left with the profit. So it depends if you need it for a capital or for other cause.

Altynbekova

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Quote from: José Arcadio Buendía on September 04, 2016, 01:16:25 AM

Why you should borrow w bitcoin? For the same reason that you borrow fiat, you should take a loan if you have an idea for a productive activity but you don’t have the bitcoin at hand.

This is the right way to think you borrow it for the same reason as you would borrow fiat so if you have a plan to make some kind of money with it then you should borrow but dont borrow without a plan or just for a reason because borrowing will always cost money aswell so check how much return you will have before you do it.

dothebeats

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Quote from: elDano on September 06, 2016, 02:21:16 AM

It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

Do you mean lend your own bitcoins to others? It might be another way to grow your own holdings, but of course you must ask for a collateral if in case the borrower defaulted, you'll have something that is worth the same value of the coins you lent. As for borrowing, I don't think it would ever be useful to the borrower. It might be if the borrower really needed the money for emergency purposes and can repay it however if he cannot and he gave no collateral, he would be in deep and serious trouble.

Zadicar

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:19:28 PM

It is never useful to borrow money or bitcoins as you have to give back more

But there are events that borrowing is going to be useful at all. Just like if you are a trader and you don't have enough bitcoins to your wallet address.
And you are still waiting for your earnings and there is an ICO that you want to invest some bitcoins. Then what you are going to do is going to borrow because you know that you are going to earn with it.

Well thats a good intention too when its useful to borrow bitcoin but still it has risk even you are relying on ICO you wont know on what would be the price when it launches when you are lucky or that crypto would sell high then you would benefited and can repay your loan in no time but if not then you would pay add up some amount to the borrowed money.

elDano

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It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

shinratensei_

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Quote from: hero1111 on September 04, 2016, 04:39:57 PM

When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.

Well, I need a certainty I think you can explaining your explanation with more detailed like how many chances for me for a certainty the price of bitcoin will increase and never getting a down. and I can make more of bitcoin. Shocked

Doamader

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I do lend bitcoins based on the ammount of bitcoin, i dont lend bitcoins based on the dollar price like, i wanna 50 dollars in btc and will repay 55 dollars in bitcoins. I do lend just 0,08btc and take 0,085btc, but i saw some people asking for such loans already. There is nothing worse to you lend and the person run away leaving an account to you handle or some other colateral.

daniahya

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Quote from: chaser15 on September 05, 2016, 01:51:38 PM

Quote from: hero1111 on September 04, 2016, 04:39:57 PM

When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.

Don't considering loan just to take advantage of the price fluctuation. Loans have terms and take note of the price volatility. Also I doubt there will a be a lender that will allow a long term loans.

Also if you borrowed bitcoin you will return it as bitcoin no matter the current exchange rate is.

true, we must also guarantee if we borrow a bitcoin, and if you are wrong in managing bitcoin may not be the results that you get even a loss

chaser15

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Quote from: hero1111 on September 04, 2016, 04:39:57 PM

When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.

Don't considering loan just to take advantage of the price fluctuation. Loans have terms and take note of the price volatility. Also I doubt there will a be a lender that will allow a long term loans.

Also if you borrowed bitcoin you will return it as bitcoin no matter the current exchange rate is.

(o)(o)ilikeboobs(o)(o)

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It is never useful to borrow money or bitcoins as you have to give back more

bitcoin-hunter

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Quote from: gentlemand on August 03, 2015, 04:32:18 PM

I truly do not understand why anyone would take a loan or provide one in BTC. I can only assume that nine times out of ten it's for gambling or attempted scamming these days. It defies the laws of logic unless someone has left the banking system completely behind or is involved in a BTC only deal for a miner or something.

Maybe once upon a time it was a potential money maker if the price moved radically. That's not really the case at present.

Getting a loan on here should be as hard as humanly possible. It's not as if this scene has a great track record for honesty from the newest poster on here up to the most established heavyweights of the whole shebang.

Borrow bitcoins would be verry useful when the price of the bitcoin is really low as you all know the price of the bitcoin rises allot the last view days now he is up to the 600 dollar each so that is nice for us all.

Altynbekova

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It's useful to borrow bitcoin when you have a plan which is safe in terms of profit return.
Borrowing cost money but if a small investment is all you need to make more $ then it's worth it.

Braeron

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I dont think it is really useful to borrow bitcoins right now because the price if really high for the bitcoin right now so what i would do if i was you should wait a couple of time off course because the price will drop a bit.

Dadabong

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For me borrowing bitcoin as same as we give our interest to lender which mean we loss. So make sure that the time is precise when you decide to borrow bitcoin or you'll get trouble when you did not repaid the debt

hero1111

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When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.

deepaksharma

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This is easy + difficult question.Obviously you should buy bitcoin when price is low.But no body knows that the price will go up or down next day.

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