When is it useful to borrow bitcoin? - page 16.

Zadicar

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Quote from: boyptc on August 29, 2016, 11:17:31 PM

Quote from: Oceriw on August 29, 2016, 08:17:13 AM

Quote from: yeponlyone on August 03, 2015, 05:24:00 PM

Quote from: mindrust on August 03, 2015, 07:10:19 AM

If your estimated gain is more than the lender's interest rate, you can say it is a very useful situtaion to borrow bitcoins.

But then borrowing bitcoins or borrowing money from bank is no different than each other, while except this forum is full with scammers, banks are usually safe.

Tldr; I wouldn't borrow or lend any btc's in this forum. Too risky.

I'd say the same. Unfortunately, it is very rare such a situation comes up due to the insane interest rate. If it wasn't for something real special where I was prepared tp lose money, I'd go to a fiat bank instead and buy BTC.

There are allot of moments when you need to buy your bitcoins and that is offcourse on the best moment when the price if that low. But i dont think allot
of peopel are searching for that moment and me neighter because you just need to know when to invest into it and not just waiting for the most commend moment.

That is going to be useful if you are going to borrow bitcoin and you are going to use it for buying bitcoins as you want to get profit when the price of bitcoin is going to increase. But always remember no matter what the price of bitcoin is going to be as long as you have borrowed the same amount. You need to re-pay it with exact amount plus the interest.

Thats is correct if you borrow a certain amount then you should repay that to the said due day because if you borrow and wait for the price increase of bitcoin for sure it would really took a long time and thats a really bad idea when you borrow just to buy bitcoin and hoping for the price increase soon. lol

boyptc

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Quote from: Oceriw on August 29, 2016, 08:17:13 AM

Quote from: yeponlyone on August 03, 2015, 05:24:00 PM

Quote from: mindrust on August 03, 2015, 07:10:19 AM

If your estimated gain is more than the lender's interest rate, you can say it is a very useful situtaion to borrow bitcoins.

But then borrowing bitcoins or borrowing money from bank is no different than each other, while except this forum is full with scammers, banks are usually safe.

Tldr; I wouldn't borrow or lend any btc's in this forum. Too risky.

I'd say the same. Unfortunately, it is very rare such a situation comes up due to the insane interest rate. If it wasn't for something real special where I was prepared tp lose money, I'd go to a fiat bank instead and buy BTC.

There are allot of moments when you need to buy your bitcoins and that is offcourse on the best moment when the price if that low. But i dont think allot
of peopel are searching for that moment and me neighter because you just need to know when to invest into it and not just waiting for the most commend moment.

That is going to be useful if you are going to borrow bitcoin and you are going to use it for buying bitcoins as you want to get profit when the price of bitcoin is going to increase. But always remember no matter what the price of bitcoin is going to be as long as you have borrowed the same amount. You need to re-pay it with exact amount plus the interest.

Trustme2016

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Personally I don't recommend such doings, but you cant really avoid that so before taking a loan and use that for gambling , just make sure you're not going to promise to repay if you'll earn profit with gambling. Repay with your own money from your salary

Oceriw

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Quote from: yeponlyone on August 03, 2015, 05:24:00 PM

Quote from: mindrust on August 03, 2015, 07:10:19 AM

If your estimated gain is more than the lender's interest rate, you can say it is a very useful situtaion to borrow bitcoins.

But then borrowing bitcoins or borrowing money from bank is no different than each other, while except this forum is full with scammers, banks are usually safe.

Tldr; I wouldn't borrow or lend any btc's in this forum. Too risky.

I'd say the same. Unfortunately, it is very rare such a situation comes up due to the insane interest rate. If it wasn't for something real special where I was prepared tp lose money, I'd go to a fiat bank instead and buy BTC.

There are allot of moments when you need to buy your bitcoins and that is offcourse on the best moment when the price if that low. But i dont think allot
of peopel are searching for that moment and me neighter because you just need to know when to invest into it and not just waiting for the most commend moment.

Zadicar

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Quote from: dinda22 on August 26, 2016, 10:22:01 AM

Quote from: RealPhotoshoper on August 24, 2016, 09:21:32 PM

Quote from: elyas772 on August 24, 2016, 01:00:23 AM

Quote from: dEJAVU95 on August 24, 2016, 12:15:42 AM

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.

IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.

but in reality, bitcoin prices are difficult to predict, so we do not know the exact time when the price of bitcoin will rise or fall. but good if bitcoin prices so low it was the right time to borrow and buy as much as possible. I mean the lowest prices under $400.
I myself might borrow when I saw there was the potential profits are really convincing. because when it I was able to return it and not worry.

But still a risky thing to do since you wont even know or guarantee that bitcoins price would rise easily or on a short period of time. How about to your promised loan to someone? how would you pay that if you rely on the bitcoin price movements. FOr sure you would have a hard time.

adibe

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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.

agustina2

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Quote from: dunfida on August 26, 2016, 10:05:25 AM

Interest rates are the thing are holding me to borrow or having a loan to someone because you might not able to pay if they pile up big interest on your loaned amount. Like as other said you wont know what would happen tommorow it might be good or bad and it may affect that you may not pay those loans and they continue to grow overtime which is a really bad situation.

Well there are situation that people needs to face the high interest loan to take care of that emergency problems. It is really a common cases in every part of the globe especially for the poor ones.

That is really part of some families experience worldwide and we are not in the position to give some strong advices since we don't know the feeling of being there in their standard form of life.

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Quote from: RealPhotoshoper on August 24, 2016, 09:21:32 PM

Quote from: elyas772 on August 24, 2016, 01:00:23 AM

Quote from: dEJAVU95 on August 24, 2016, 12:15:42 AM

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.

IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.

but in reality, bitcoin prices are difficult to predict, so we do not know the exact time when the price of bitcoin will rise or fall. but good if bitcoin prices so low it was the right time to borrow and buy as much as possible. I mean the lowest prices under $400.
I myself might borrow when I saw there was the potential profits are really convincing. because when it I was able to return it and not worry.

dunfida

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Quote from: JeffBrad12 on August 21, 2016, 11:19:00 AM

Quote from: shane on August 19, 2016, 02:41:47 PM

Quote from: Anon_7716 on August 19, 2016, 12:47:30 PM

Quote from: JeffBrad12 on August 19, 2016, 05:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 03:01:25 AM

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.

although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

~~yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.~~

That's my personally reason for avoiding the loans from everyone because I think the interest is always high, and you don't predict what will happen in the future, whether you will pay back you loans or nothing. just take a decision with low risk in the future.

Interest rates are the thing are holding me to borrow or having a loan to someone because you might not able to pay if they pile up big interest on your loaned amount. Like as other said you wont know what would happen tommorow it might be good or bad and it may affect that you may not pay those loans and they continue to grow overtime which is a really bad situation.

RealPhotoshoper

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Quote from: elyas772 on August 24, 2016, 01:00:23 AM

Quote from: dEJAVU95 on August 24, 2016, 12:15:42 AM

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.

IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.

elyas772

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Quote from: dEJAVU95 on August 24, 2016, 12:15:42 AM

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.

dEJAVU95

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I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

Vhern

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When it is useful to borrow BTC I think oneself could consider borrowing money if s/he is sure that he can pay the BTC earlier than the given time, cause borrowing money is convenient if you will use it to a right purpose.

A man before BTC was less than 150 per each he borrowed money from a bank and pay it ever since then he sell the BTC when the price tripled his money.

JeffBrad12

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Quote from: shane on August 19, 2016, 02:41:47 PM

Quote from: Anon_7716 on August 19, 2016, 12:47:30 PM

Quote from: JeffBrad12 on August 19, 2016, 05:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 03:01:25 AM

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.

although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

~~yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.~~

That's my personally reason for avoiding the loans from everyone because I think the interest is always high, and you don't predict what will happen in the future, whether you will pay back you loans or nothing. just take a decision with low risk in the future.

virasog

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Quote from: Ryan Dugan on August 21, 2016, 01:11:54 AM

Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.

I dont agree borrowing should be done on seeing an opportunity . I think borrowing should be avoided and should only be done if you need urgent money and you dont have it at the moment.

virusasog

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Quote from: Ryan Dugan on August 21, 2016, 01:11:54 AM

Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.

If do high interest loan They might cheat you also because people from the loan community mostly they do this only. If you do loaning means purchase one trusted account from the loaning site and use it.

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Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.

Zadicar

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Quote from: ?? on ??

Quote from: dunfida on August 20, 2016, 12:06:32 AM

Quote from: shane on August 19, 2016, 02:41:47 PM

Quote from: Anon_7716 on August 19, 2016, 12:47:30 PM

Quote from: JeffBrad12 on August 19, 2016, 05:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 03:01:25 AM

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.

although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.

It depends on how you balance those situation and on how you handle them. Making loans would depend if you really need it incase of emergencies either in your business or on personal financial problems. Its really a hard choice if you borrow or not because of those high interest rates which causes you to loan more just for paying on interest of other loans. which is a hard situation.

Emergencies and for investment purposes are the only acceptable reason on when it is going to be useful to borrow bitcoin. But as you borrow you should not to forget your duty for being a borrower and your trust is being borrowed by the owner so that you can already fix your problem with it.
So, just borrow if you have stable price too.

AS a borrower you shouldnt forget your duties on to pay those amount you loan on your agreement the the owner because if you are a hard payer for sure they wouldnt give you a loan nextime because they know already your ways on how hard do you pay your loan.

dunfida

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Quote from: shane on August 19, 2016, 02:41:47 PM

Quote from: Anon_7716 on August 19, 2016, 12:47:30 PM

Quote from: JeffBrad12 on August 19, 2016, 05:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 03:01:25 AM

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.

although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.

It depends on how you balance those situation and on how you handle them. Making loans would depend if you really need it incase of emergencies either in your business or on personal financial problems. Its really a hard choice if you borrow or not because of those high interest rates which causes you to loan more just for paying on interest of other loans. which is a hard situation.

shane

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Quote from: Anon_7716 on August 19, 2016, 12:47:30 PM

Quote from: JeffBrad12 on August 19, 2016, 05:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 03:01:25 AM

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.

although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.

Topic: When is it useful to borrow bitcoin? - page 16. (Read 78951 times)