When is it useful to borrow bitcoin? - page 17.

Anon_7716

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Quote from: JeffBrad12 on August 19, 2016, 04:21:26 AM

Quote from: plpbtc1526 on August 16, 2016, 02:01:25 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

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Quote from: plpbtc1526 on August 16, 2016, 02:01:25 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.

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Quote from: dunfida on August 14, 2016, 05:47:20 AM

Quote from: entrepmind23 on August 14, 2016, 01:19:39 AM

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Quote from: Strongkored on July 15, 2016, 12:07:52 AM

I think the right moment to borrow bitcoin is, if we are in need of money for unexpected needs such as illness. Or purchase goods online, but the goods are really needed and can not be postponed to buy it. for investment I prefer to use my own money

Yeah, that's right, we should borrow money on those emergencies, and purchasing goods that are needed to earn, or if it is part of our workhorse such as memory module of your computer, but I think it is also good to borrow money if we are going into investment, but just make sure that you know the investment very well and the investment has a good record and you know you could pay the money on time and with interest aside from your profit.. Wink

Yes it would be useful to borrow if you use it in something that is really urgent or use it in an investment that you can generate money from and would provide you potential profit . I've read somewhere that using other people's money to generate your own money is one of the qualities of a good investor but being sure that he can repay the money he borrows so that it would be a win-win situation.

If you intend to borrow to someone so that you would have a fund on investing on things but remember you must be wise enough to put in a right investment so that its a win-win situation because if you put it on a wrong place then you would suffer big loss which is a really bad thing.

Well that is really going to be a benefit if you are going to borrow bitcoin for your investment. Just make sure you are going to have good investment and you know that you are going to earn from it. So, it is really going to be useful if you know what you are going to use with the bitcoins that you are going to use.

Barrowing for using as capital on investment is really good but the question is what investment type he will gonna use his barrowed money? because if he barrow just to have money to use in hyip investment well i can say this is ridiculous idea because you cannot gaurantee to earn with this thing, so the better thing we should do so we can use are barrowed money on wiser way is to use it for tradings or any other usefull things that you can benifited the most.

plpbtc1526

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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.

dunfida

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Quote from: entrepmind23 on August 14, 2016, 01:19:39 AM

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Quote from: Strongkored on July 15, 2016, 12:07:52 AM

I think the right moment to borrow bitcoin is, if we are in need of money for unexpected needs such as illness. Or purchase goods online, but the goods are really needed and can not be postponed to buy it. for investment I prefer to use my own money

Yeah, that's right, we should borrow money on those emergencies, and purchasing goods that are needed to earn, or if it is part of our workhorse such as memory module of your computer, but I think it is also good to borrow money if we are going into investment, but just make sure that you know the investment very well and the investment has a good record and you know you could pay the money on time and with interest aside from your profit.. Wink

Yes it would be useful to borrow if you use it in something that is really urgent or use it in an investment that you can generate money from and would provide you potential profit . I've read somewhere that using other people's money to generate your own money is one of the qualities of a good investor but being sure that he can repay the money he borrows so that it would be a win-win situation.

If you intend to borrow to someone so that you would have a fund on investing on things but remember you must be wise enough to put in a right investment so that its a win-win situation because if you put it on a wrong place then you would suffer big loss which is a really bad thing.

entrepmind23

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Quote from: Strongkored on July 15, 2016, 12:07:52 AM

I think the right moment to borrow bitcoin is, if we are in need of money for unexpected needs such as illness. Or purchase goods online, but the goods are really needed and can not be postponed to buy it. for investment I prefer to use my own money

Yeah, that's right, we should borrow money on those emergencies, and purchasing goods that are needed to earn, or if it is part of our workhorse such as memory module of your computer, but I think it is also good to borrow money if we are going into investment, but just make sure that you know the investment very well and the investment has a good record and you know you could pay the money on time and with interest aside from your profit.. Wink

Yes it would be useful to borrow if you use it in something that is really urgent or use it in an investment that you can generate money from and would provide you potential profit . I've read somewhere that using other people's money to generate your own money is one of the qualities of a good investor but being sure that he can repay the money he borrows so that it would be a win-win situation.

JasonXG

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For an investment or business venture I guess . some loan when they in debt but that's a bad idea. I never have taken a loan since I dont like the idea of owing money. There also people who take loans fro gambling and that ia the worst loan you can take or give.

wildan88

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when you believe you can benefit from it, and you can afford to pay back. at least this is a very safe loans.

CryingMidget

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Quote from: praprata on July 26, 2016, 10:43:15 AM

I have to say I find no reason good to invest in somebody's loan. Suppose they run away with your money because it is online, it will be hard to get your money back.
IF you need money make sure to work for it, loaning is a very bad habit..

I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

praprata

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I have to say I find no reason good to invest in somebody's loan. Suppose they run away with your money because it is online, it will be hard to get your money back.
IF you need money make sure to work for it, loaning is a very bad habit..

entrepmind23

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Quote from: senyorito123 on July 26, 2016, 02:18:13 AM

Quote from: boyptc on July 25, 2016, 08:07:01 PM

Quote from: airsounds on July 24, 2016, 09:32:34 AM

Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

i still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

Yes that is really not worth it at all if you are going to borrow bitcoins, you are going to pay the same amount plus interest. So, for me it is not useful if you are going to borrow bitcoins without a valid reason. But mostly people are just borrowing bitcoins in order to satisfy their gambling needs,
so that is really not useful.

Borrowing is not solution and it ws just an envy to those people they see another people whos getting a lot of money on their doings and borrowing money is not really good idea since it can make your life miserable without noticing it little by little the only thing good on barrowing when it is fresh and when its gone well people who lend became pathetic and that can turn them down thats why dont borrow money if its not really important.

When there is really a dire need or an emergency that you need funds immediately then I think borrowing bitcoin will be useful. If you are short of some fiat and bitcoin is the only way for you to fill up the lacking amount because borrowing fiat is not possible at the moment then borrowing bitcoin is useful even if you need to pay an interest later on. But make sure that you will have the available bitcoin later on to pay it back.But if you just borrow bitcoin for other purposes to fulfill your wants rather than needs then just forget about it. One example is that you borrow it for gambling because you are sure that you already know the technique to earn but then after some time you lose it all. How can you pay the bitcoin you borrow in this situation?

The better way is just to have some available funds for emergency purposes so that there’s no need to borrow because if you can’t pay people in time you may lose your chance of borrowing again and possibly his trust also.

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Quote from: senyorito123 on July 26, 2016, 02:18:13 AM

Quote from: boyptc on July 25, 2016, 08:07:01 PM

Quote from: airsounds on July 24, 2016, 09:32:34 AM

Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

i still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

Yes that is really not worth it at all if you are going to borrow bitcoins, you are going to pay the same amount plus interest. So, for me it is not useful if you are going to borrow bitcoins without a valid reason. But mostly people are just borrowing bitcoins in order to satisfy their gambling needs,
so that is really not useful.

Borrowing is not solution and it ws just an envy to those people they see another people whos getting a lot of money on their doings and borrowing money is not really good idea since it can make your life miserable without noticing it little by little the only thing good on barrowing when it is fresh and when its gone well people who lend became pathetic and that can turn them down thats why dont borrow money if its not really important.

Borrowing money is okay when it comes that there are emergencies or you really need those fund on important things, that thing would be consider but remember always that you must pay your loan so that you can borrow again to the same person. Dont make your loan big or else you wont able to pay them.

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Quote from: boyptc on July 25, 2016, 08:07:01 PM

Quote from: airsounds on July 24, 2016, 09:32:34 AM

Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

i still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

Yes that is really not worth it at all if you are going to borrow bitcoins, you are going to pay the same amount plus interest. So, for me it is not useful if you are going to borrow bitcoins without a valid reason. But mostly people are just borrowing bitcoins in order to satisfy their gambling needs,
so that is really not useful.

Borrowing is not solution and it ws just an envy to those people they see another people whos getting a lot of money on their doings and borrowing money is not really good idea since it can make your life miserable without noticing it little by little the only thing good on barrowing when it is fresh and when its gone well people who lend became pathetic and that can turn them down thats why dont borrow money if its not really important.

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Quote from: airsounds on July 24, 2016, 09:32:34 AM

Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

i still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

Yes that is really not worth it at all if you are going to borrow bitcoins, you are going to pay the same amount plus interest. So, for me it is not useful if you are going to borrow bitcoins without a valid reason. But mostly people are just borrowing bitcoins in order to satisfy their gambling needs,
so that is really not useful.

gandame

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Quote from: PieCrafted on September 07, 2015, 10:58:17 PM

I don't think people should borrow bitcoin at all.

Just borrow fiat from your bank and fiat to btc.

That is right boss maybe they can make loan in bank or approach people to buy money from them. Trust now is difficult to give in people you did not even know so its hard to borrow bitcoin even you have collateral. So much better borrow money in person that you know or go to bank and ask loan.

Snorek

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Best advice. Stay away from bitcoin lending. It is not regulated at all and open to all kind of abuses.
I can't imagine a real life situation where I would desperately need to borrow a BTC from someone I don't know.
Our lending section is mainly filled with gamblers who lost all their money and desperately need another boost for their gambling activities.

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Quote from: CroSany on July 24, 2016, 11:20:35 AM

I kniw that bitcoin is anonymously cryprocurrency but i think that it should be creating some system which will give acess to police to arrest peoples which take loan and run away and add some bank system to give 100% chance that person who give loan will get money back +%.Like example if deal isnt respected banks can take money from boy which ask for loan and dont want to give back money +%.

in fact bitcoin is not a true anonymously currency, people can trace your transaction, people can see your balance, you must see the fact about bitcoin, read more at here : http://www.bitcoinisnotanonymous.com/ , https://bitcoin.org/en/you-need-to-know

i think take loan at real life in bank is good idea, in my country you can loan $2000 with interest only 5% for 2years, but you must have a bussines and "higher value collateral"

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I kniw that bitcoin is anonymously cryprocurrency but i think that it should be creating some system which will give acess to police to arrest peoples which take loan and run away and add some bank system to give 100% chance that person who give loan will get money back +%.Like example if deal isnt respected banks can take money from boy which ask for loan and dont want to give back money +%.

airsounds

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Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

i still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

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Quote from: tommorisonwebdesign on August 02, 2015, 03:31:14 PM

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.

Well, loans are still being defaulted even they are getting done with help of escrows and good collateral. but the scammers still default the loans because they have to do it.
there are lots of hackers who hack high quality and reputed accounts and take loans with them. and then default the loan,

Quote from: @prashant on July 24, 2016, 08:47:59 AM

If you really want loan then you can ask from legendary ranker or btc company manager here.you will still need
Asset as medium.

not only a legendary ranker. you can ask for laon if you have any type of good collateral. the thing is collateral not the rank of the account.

Topic: When is it useful to borrow bitcoin? - page 17. (Read 78989 times)