When is it useful to borrow bitcoin? - page 15.

Doamader

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Quote from: senyorito123 on September 04, 2016, 05:06:19 AM

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Quote from: Sontoloyo on August 31, 2016, 04:39:12 AM

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes, and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

There would be still equal but the lender would have the advantage since the borrower pays with his debt with interest which is normal in these kind of lending business. It doesnt matter about the inflation and fluctuations of bitcoins price as long their agreement if being followed.

No i think theres no equality to that state if the barrower doesn't give some collateral to the lender and suddenly flee, and theirs so many existing issue that scenario is happening in lending section so totally a big risk for barrowing some money is on lender, and surely they doesn't care about flactuation because mostly lenders doesn't have any TOS on that regarding to their service offered.

Well i can talk to myself i do loans based on the bitcoin ammount and not the value it has, being 500 or 700 dollars, for me makes no interest in the begining as i do charge in bitcoins, and as long my coins keep growing i wont be pissed is its worthing less then before.

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Quote from: Zadicar on September 02, 2016, 06:58:39 AM

Quote from: ultrloa on September 02, 2016, 02:48:34 AM

Quote from: chaser15 on August 31, 2016, 11:05:50 PM

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Quote from: Sontoloyo on August 31, 2016, 04:39:12 AM

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes, and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

There would be still equal but the lender would have the advantage since the borrower pays with his debt with interest which is normal in these kind of lending business. It doesnt matter about the inflation and fluctuations of bitcoins price as long their agreement if being followed.

No i think theres no equality to that state if the barrower doesn't give some collateral to the lender and suddenly flee, and theirs so many existing issue that scenario is happening in lending section so totally a big risk for barrowing some money is on lender, and surely they doesn't care about flactuation because mostly lenders doesn't have any TOS on that regarding to their service offered.

electronicash

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Quote from: btcdevil on September 04, 2016, 01:48:42 AM

Quote from: electronicash on September 04, 2016, 01:42:50 AM

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.

like borrowing bitcoin inorder to invest to a coin which you know can skyrocket in a week.
and then payback with interest after you withdraw and profit. opportunities like these are suppose to be grab. If I only knew monero will go that high before a week ago, i might just sold the rest of my XAURUM and LTC to invest to it.

Ya for that you can do as this will be good, but what if that coin dont skyrocket and it fell below the purchase price, so their is always both side. If you want to borrow or get loan, then you should also have a valid collateral then only the lender will give you the loan as he also need the security.

That is why i said "IF I only know".. which means you would have to have inside information and to what is gonna happen in the next few days.
Let's say the Asian countries will soon be fighting over a disputed territories and war is almost going to happen in days. This is going to be an indication that JPY might just drop again and so the traders will soon go short on USD/JPY.

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Quote from: electronicash on September 04, 2016, 01:42:50 AM

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.

like borrowing bitcoin inorder to invest to a coin which you know can skyrocket in a week.
and then payback with interest after you withdraw and profit. opportunities like these are suppose to be grab. If I only knew monero will go that high before a week ago, i might just sold the rest of my XAURUM and LTC to invest to it.

Ya for that you can do as this will be good, but what if that coin dont skyrocket and it fell below the purchase price, so their is always both side. If you want to borrow or get loan, then you should also have a valid collateral then only the lender will give you the loan as he also need the security.

electronicash

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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.

like borrowing bitcoin inorder to invest to a coin which you know can skyrocket in a week.
and then payback with interest after you withdraw and profit. opportunities like these are suppose to be grab. If I only knew monero will go that high before a week ago, i might just sold the rest of my XAURUM and LTC to invest to it.

José Arcadio Buendía

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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.

Labumi

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Quote from: carlfebz2 on September 02, 2016, 08:18:10 PM

Quote from: Doamader on September 01, 2016, 07:16:25 PM

Quote from: adibe on August 26, 2016, 10:43:51 AM

For me, the usefull to borrow bitcoin is when you confident and sure the price of bitcoin will increase. Like me, i already predict the price of bitcoin will increase when the halving come and i borrowed 0.1 bitcoins and it's give me profit.

Also you taked a high risk lending your coins before the halving, soo lets say the bitcoin went from 400 to 1200 dollars and the collateral if any has were worthing 50 dollars, you risked to loose your coins doing such thing.

For sure the borrower would be happy since he gain profit with the amount he borrowed but if the borrower dont intend to pay then the lendor would have the disadvantage as you said because it doesnt even equal to the collateral that he gave. This situation might happen but its a rare situation.

Well that is what comes to my mind that is why I really don't do borrowing of bitcoin unless I am pretty sure that the price is stable at all.
Because if there is going to be a small fluctuation of the price and you have borrowed that value at the price of $500 then suddenly the price became $600 then you are still able to pay that.

It's something of a challenge for us, If we have something very high intention so all of the things we will do, including by borrowing money to buy a bitcoin and save it after it was sold at a higher price. But if we only rely on things that are not true, then all it will ruin our lives. Stay focused on the purpose of our lives friends

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Quote from: Doamader on September 01, 2016, 07:16:25 PM

Quote from: adibe on August 26, 2016, 10:43:51 AM

For me, the usefull to borrow bitcoin is when you confident and sure the price of bitcoin will increase. Like me, i already predict the price of bitcoin will increase when the halving come and i borrowed 0.1 bitcoins and it's give me profit.

Also you taked a high risk lending your coins before the halving, soo lets say the bitcoin went from 400 to 1200 dollars and the collateral if any has were worthing 50 dollars, you risked to loose your coins doing such thing.

For sure the borrower would be happy since he gain profit with the amount he borrowed but if the borrower dont intend to pay then the lendor would have the disadvantage as you said because it doesnt even equal to the collateral that he gave. This situation might happen but its a rare situation.

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Quote from: ultrloa on September 02, 2016, 02:48:34 AM

Quote from: chaser15 on August 31, 2016, 11:05:50 PM

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Quote from: Sontoloyo on August 31, 2016, 04:39:12 AM

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes, and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

There would be still equal but the lender would have the advantage since the borrower pays with his debt with interest which is normal in these kind of lending business. It doesnt matter about the inflation and fluctuations of bitcoins price as long their agreement if being followed.

ultrloa

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Quote from: chaser15 on August 31, 2016, 11:05:50 PM

Quote from: ?? on ??

Quote from: Sontoloyo on August 31, 2016, 04:39:12 AM

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes, and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

Doamader

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Quote from: adibe on August 26, 2016, 10:43:51 AM

For me, the usefull to borrow bitcoin is when you confident and sure the price of bitcoin will increase. Like me, i already predict the price of bitcoin will increase when the halving come and i borrowed 0.1 bitcoins and it's give me profit.

Also you taked a high risk lending your coins before the halving, soo lets say the bitcoin went from 400 to 1200 dollars and the collateral if any has were worthing 50 dollars, you risked to loose your coins doing such thing.

Snorek

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Quote from: adibe on August 26, 2016, 10:43:51 AM

For me, the usefull to borrow bitcoin is when you confident and sure the price of bitcoin will increase. Like me, i already predict the price of bitcoin will increase when the halving come and i borrowed 0.1 bitcoins and it's give me profit.

If you are so confident that price at some point will increase then why not buy bitcoin instead? All in all price ups/downs are not something that could be predicted easily.

Quote from: ?? on ??

But when do you think it is useful to borrow bitcoin? I would say that it is going to be useful at all if you are really in need of bitcoin. And you are going to use it as a investment for trading and other types of investment except hyip's,gambling and cloudmining. Because if you are going to use it that way then you are not going to be able to pay your debt.

I don't care what do you need borrowed bitcoins. With valid collateral it shouldn't be a problem anyway. I've seen some lenders who actually specialized in lending bitcoins to addicted gamblers.
They knew that these bitcoin will be most likely lost during gambling sessions - but with good collateral it is even better for a lender.

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Quote from: Sontoloyo on August 31, 2016, 04:39:12 AM

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Kalder699

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Its useful if your in a rush need or you can pay what you borrowed

Sontoloyo

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It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

Wong_Djadoel

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Btjam is the best example of something you should follow,there are 90%scamers inside it and 10% honest members being lending or asking for the loan,that said you should avoid it if you wanna some kind of interest on the lending side.Here you can profit from the lending service that is being offered by a group of people,some are making a good income with this ,but taking the lower risk,since they usually works with collateral.

NordicRanger

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Borrowing bitcoins is essentially the same as borrowing money, so you can handle the same rules for both.

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In my opinion borrowing is useful when you've assured return in a short time. There are users who get involved into gambling by borrowing with the hope of win, but when the event fails the loss increases high due to the interest paid for the borrowed amount.

Bitcoin0816

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Borrowing bitcoin is when you need it for something important, but also you must have backup sources to pay your loan..think before doing something usually gambler is not recommended to apply loan. because borrowing bitcoin for gambling sounds not good.

Kolder

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Quote from: subSTRATA on August 03, 2015, 05:58:32 AM

as far when it might be beneficial for you to take a loan, you should weight the cost and benefits; usually loan are taken on the forum when people are either a tad short on a purchase or really want an item immediately; if the value of one getting that item sooner outweighs the cost of the interest, it would be worth to take a loan out i imagine, but only if income is guaranteed in the future.

Yeah i agree with this. you must think first before loaning. Make sure that really need the amount you want to loan and secure the payment for it in due time so that you will not defaulted in your terms. And avoid borrowing when you're purpose is to invest in ponzi/hyip site because you can't assure that the site you invested is safe but if you have reserve btc just like signature campaign bounty, You can do what you want as long you have sufficient money for payment.

Topic: When is it useful to borrow bitcoin? - page 15. (Read 78989 times)