When is it useful to borrow bitcoin? - page 18.

@prashant

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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.

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

boyptc

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Quote from: Strongkored on July 17, 2016, 12:25:21 AM

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Quote from: Strongkored on July 17, 2016, 12:06:43 AM

yeah i know we have to be very clever to analyze before we invest there. but in my opinion it's better to invest the money that is ready to disappear, in other words if the money is gone you will be ready and unencumbered. Because we know even if we can minimize the risk, but in the investment world still big risks. And I think if you invest with borrowed money it is still wrong, because the loan money is not money that is ready to disappear. Thank you

Well, it's your perception about investment and borrowing your capital, and I think it means you are not yet ready to invest or have been rubbed by those investment scams or haven't tried getting a loan and tried to invest it and earn a profit..

but it's good, that way you are free from debts and being scammed.. Wink

yeah dude, because I am relatively new in the world bitcoin so do not dare to try to borrow money and use it to invest. And you are right I try to avoid such crimes. But thanks

If you can avoid borrowing bitcoins early as you can and that is better. Because for me borrowing is a matter of trust. And if you are not sure that you are going to pay it on time so it is better that not to borrow at all.
It is just useful if you are really in need.

Jmild1

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Quote from: Jmild1 on July 15, 2016, 11:01:37 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

You can also borrow bitcoin when on it's high price so once the price dropped. You can pay it with lower price making you pay a little than what you should be paying.

That's right, if you know when it was at its peak and you know that it is just an artificial growth, then better borrow and wait for the price to subside, that way you're going to pay lesser, but now, I do notice that some investors compute what you borrow in dollars...

Quote from: Strongkored on July 16, 2016, 07:02:26 PM

yeah dude, I think if you know the ins and outs of investing that will follow then borrow money to invest I think it could be tried. But I think it is too risky, and even if it is done to be a lot of considerations about the reserve investment income if we did not run smoothly because of the above debt remains a debt, right?

That is why you have to look for those reputable investment schemes or those that has a good feedback from the community...That way, you know that the risk is lower...

It is like trading but because you don't have the funds to trade you just take a loan and pay it with low value. But just as what you said, the rate should be in dollars.

Strongkored

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Quote from: Strongkored on July 17, 2016, 12:06:43 AM

yeah i know we have to be very clever to analyze before we invest there. but in my opinion it's better to invest the money that is ready to disappear, in other words if the money is gone you will be ready and unencumbered. Because we know even if we can minimize the risk, but in the investment world still big risks. And I think if you invest with borrowed money it is still wrong, because the loan money is not money that is ready to disappear. Thank you

Well, it's your perception about investment and borrowing your capital, and I think it means you are not yet ready to invest or have been rubbed by those investment scams or haven't tried getting a loan and tried to invest it and earn a profit..

but it's good, that way you are free from debts and being scammed.. Wink

yeah dude, because I am relatively new in the world bitcoin so do not dare to try to borrow money and use it to invest. And you are right I try to avoid such crimes. But thanks

Strongkored

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Quote from: Jmild1 on July 15, 2016, 11:01:37 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

You can also borrow bitcoin when on it's high price so once the price dropped. You can pay it with lower price making you pay a little than what you should be paying.

That's right, if you know when it was at its peak and you know that it is just an artificial growth, then better borrow and wait for the price to subside, that way you're going to pay lesser, but now, I do notice that some investors compute what you borrow in dollars...

Quote from: Strongkored on July 16, 2016, 07:02:26 PM

yeah dude, I think if you know the ins and outs of investing that will follow then borrow money to invest I think it could be tried. But I think it is too risky, and even if it is done to be a lot of considerations about the reserve investment income if we did not run smoothly because of the above debt remains a debt, right?

That is why you have to look for those reputable investment schemes or those that has a good feedback from the community...That way, you know that the risk is lower...

yeah i know we have to be very clever to analyze before we invest there. but in my opinion it's better to invest the money that is ready to disappear, in other words if the money is gone you will be ready and unencumbered. Because we know even if we can minimize the risk, but in the investment world still big risks. And I think if you invest with borrowed money it is still wrong, because the loan money is not money that is ready to disappear. Thank you

gilangIDR

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when you get some money loan then you should use it wisely. used for investment in the world bitcoin and investments in the real world. choose the investments that suit your skills.

Strongkored

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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

yeah dude, I think if you know the ins and outs of investing that will follow then borrow money to invest I think it could be tried. But I think it is too risky, and even if it is done to be a lot of considerations about the reserve investment income if we did not run smoothly because of the above debt remains a debt, right?

Jmild1

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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

You can also borrow bitcoin when on it's high price so once the price dropped. You can pay it with lower price making you pay a little than what you should be paying.

diegz

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Quote from: lienfaye on July 15, 2016, 01:02:30 AM

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

Yes if you badly need the money for something that is important and you are capable to pay it then it is the right time to borrow. there were times that i needed money because of emergency so i borrowed to my friend and paid it in time.

That's the right reason, if you are capable of paying what you borrowed and during emergencies but definitely not because you just want to buy something that you really want and you can't sleep if you can't buy it.. That would bury you in shame and in debts if you keep buying things which is out of the budget and not necessary..

lienfaye

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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

Yes if you badly need the money for something that is important and you are capable to pay it then it is the right time to borrow. there were times that i needed money because of emergency so i borrowed to my friend and paid it in time.

enhu

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if you are sure you can repay the amount before the due date then i guess it will be good regardless of how useful the amount to you.
If you just borrow to gamble then you shouldn't at least borrow from soome instead. you should just directly sell your account after all this is what most of those who take loans use for collateral.

Strongkored

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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

hermanhs09

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You may borrow bitcoin when you have some really nice investing plan,but you have to payout the loan pretty fast.
Borrowing may be a good idea for trading,if you are almost sure that something is going to happen,but you need bigger btc quantity to get a decent profit.

ultrloa

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Quote from: senyorito123 on July 06, 2016, 09:26:20 PM

Quote from: boyptc on July 06, 2016, 09:05:25 PM

Quote from: bitcoinhopper on July 06, 2016, 04:09:49 PM

Why would you even borrow bitcoins on these days, I do not think its smart at all due to the fact of the worth.
I really think that you should not do this at all, I do not recommend you this!

It is not useful to borrow bitcoin if you already have. But if you think that bitcoins price is going to increase then it is going to be useful if you are going to borrow and just store it to your wallet.
But the thing is that you need to pay for the interest for the amount of bitcoin that you have borrowed.

Well literally borrowing bitcoins is the worse thing that cross in mind to people but i think if his barrowed money are used gor her own good and he can get more in returns well in that matter barrowing is good, but if you intend to barrow just to do nothing well thats bad since it can make the life of the barrower miserable and his debts will be more larger if he dont pays on time.

This is I don't want to do, to borrow bitcoin. As long as I'm able to have enough bitcoin and able to manage it.
I really don't have debt or borrow bitcoin.
But if there's a time or emergency or investment that I want I'm going to borrow one and that's a useful thing of borrowing.

Yes because if we dont have choice and we see some better program to earn money with this and we didnt have capital why dont we borrow money? if we can make sure we can get more benifits for this doing and that is the best thing we can do and all successfull man doing it also, thats why its better to borrow to have capital so we can earn lots of money with this.

Quote from: Maesters1- on July 07, 2016, 05:16:29 PM

i am not personally in favour of borrowing bitocin at any stage. but if you still willing to borrow it then i can suggest you to buy it in the preset time because i am sure the after halving the price will raise to 1000 USD and you can get a good profit. but after reaching this limit you have to sell the bitocin so that you can book the profit.

Im not really a fun guy of borrowing money because i treat it as curse since barrowing money is not very advisable to people who still have pending debts emclimbing to his nerves, but what if we can see some oppurtunities then we dont have capital to put up on it? Well that barrowing well enter the scene and so by that our barrowed money have sense since we used it in valuable ways.

Quote from: Piltover on July 07, 2016, 04:44:32 PM

Right now its not even useful in my eyes because of the fact that the bitcoin is rising so why would you borrow it.
I think borrowing is not good at all right now and you should not do it.

Its not usefull if you have not plan on anything about it and its better not to lend really

Maesters1-

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i am not personally in favour of borrowing bitocin at any stage. but if you still willing to borrow it then i can suggest you to buy it in the preset time because i am sure the after halving the price will raise to 1000 USD and you can get a good profit. but after reaching this limit you have to sell the bitocin so that you can book the profit.

Piltover

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Right now its not even useful in my eyes because of the fact that the bitcoin is rising so why would you borrow it.
I think borrowing is not good at all right now and you should not do it.

senyorito123

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Quote from: boyptc on July 06, 2016, 09:05:25 PM

Quote from: bitcoinhopper on July 06, 2016, 04:09:49 PM

Why would you even borrow bitcoins on these days, I do not think its smart at all due to the fact of the worth.
I really think that you should not do this at all, I do not recommend you this!

It is not useful to borrow bitcoin if you already have. But if you think that bitcoins price is going to increase then it is going to be useful if you are going to borrow and just store it to your wallet.
But the thing is that you need to pay for the interest for the amount of bitcoin that you have borrowed.

Well literally borrowing bitcoins is the worse thing that cross in mind to people but i think if his barrowed money are used gor her own good and he can get more in returns well in that matter barrowing is good, but if you intend to barrow just to do nothing well thats bad since it can make the life of the barrower miserable and his debts will be more larger if he dont pays on time.

boyptc

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Quote from: bitcoinhopper on July 06, 2016, 04:09:49 PM

Why would you even borrow bitcoins on these days, I do not think its smart at all due to the fact of the worth.
I really think that you should not do this at all, I do not recommend you this!

It is not useful to borrow bitcoin if you already have. But if you think that bitcoins price is going to increase then it is going to be useful if you are going to borrow and just store it to your wallet.
But the thing is that you need to pay for the interest for the amount of bitcoin that you have borrowed.

bitcoinhopper

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Why would you even borrow bitcoins on these days, I do not think its smart at all due to the fact of the worth.
I really think that you should not do this at all, I do not recommend you this!

chaser15

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Quote from: MFahad on July 06, 2016, 09:39:16 AM

Quote from: romero121 on June 29, 2016, 11:24:27 AM

Users who have borrowed bitcoin few weeks back could have returned back the borrowed bitcoin with good profit in hands. Now too its good to borrow with the hope of price variation on halving.

Yes, most of the people borrow the bitcoins with the vision to get the short term profit and then return the original amount to the owner. Although it is risky as loss can also occur but they still take the risk of borrowing.

That was more risky than any other risky methods around to earn bitcoins. If people is really serious to loan such amount and will gonna use it for expecting a price rise, make it as a decent amount so that they can feel the profit and asked for a long term one. Price fluctuations are unexpected. In your duration of loan period, there are chances that price will not increase so it's more problem to you since you also have to pay the interest of your loan.

That's why Im not recommending anyone to have a loan and will just use it for expecting a price increase. It sounds easy for others but you may ttry if for yourself and see if that is really easy to be done.

Topic: When is it useful to borrow bitcoin? - page 18. (Read 78989 times)