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Topic: When is it useful to borrow bitcoin? - page 19. (Read 78989 times)

hero member
Activity: 644
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July 06, 2016, 01:54:16 PM
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.

Its just useful when you really need money for something, but for other things you should not do it, I think its not worth it to do it if you are not in problems.
Be sure to be sure of the fact you are gonna do it because it has some risks of course.
hero member
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July 06, 2016, 09:39:16 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.
legendary
Activity: 1092
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July 06, 2016, 12:31:29 AM
The question when is the borrow of bitcoins the best moiment i dont think there will come a new moment when borrow bitcoins is just profitable im sorry.

It can be profitable but not right now because if you are just holding your bitcoins right now you already will make profit and get some cash.
Due to that holding is now better than borrowing..

Another question is why borrow now?  Are you going to invest it? Would it be profitable this time that the price of bitcoin is rising?  What if you didn't even reached break even with what you have borrowed and have to pay what you owe with interest?   What's even worse is borrowing for gambling purposes.  That can ruin lives should you lose.
hero member
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July 04, 2016, 09:13:59 PM
The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rising moments.
what? it's not true, borrow is always having the best moment because from borrow you a limited time with they to pay off. borrow not giving a discretion for me, every time only giving a doubt to myself because you only have several time to pay off them with the interest. just not recommended to borrow. better for tou to searching th ebitcoin from little amount than to borrow bitcoin from someone.

Just always remember that it is useful to borrow bitcoin if you really need it. And just borrow the amount that you afford to pay.
Because borrowing bitcoin is not just all about the amount but also the reputation you are getting.
hero member
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July 04, 2016, 08:50:11 PM
The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rising moments.
what? it's not true, borrow is always having the best moment because from borrow you a limited time with they to pay off. borrow not giving a discretion for me, every time only giving a doubt to myself because you only have several time to pay off them with the interest. just not recommended to borrow. better for tou to searching th ebitcoin from little amount than to borrow bitcoin from someone.
hero member
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July 04, 2016, 06:18:10 PM
It is useful when you need Bitcoin urgently

Yeah that's true, but the question is on what use you are going to use that bitcoin urgently. I think it is much better if you are going to put some reasons on why you need bitcoin urgently.
And for me it is useful if you need it for using it on an investment. But make sure you are going to grow it.
full member
Activity: 161
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July 04, 2016, 05:40:56 PM
It is useful when you need Bitcoin urgently
legendary
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July 04, 2016, 05:37:50 PM
The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rise moments.

But i dont think thats the best choice since we know price higher rising will be occur if theirs halving we can wait for but in normal days i dont think its the best choice because you cannot really accumalate profits with it the only you get is your debt will be more higher and thats bad barrowing choice since you dont get any benifits from it.

When you really need the money and you cannot find another way you can borrow, I must say there is mostly always a other method and I also would use another method.
I think borrowing is not good and one of the baddest options you could have take if you are doing this, its risky too.

It depends on people where he want to use his barrowed money and if he just use it for nonsense thing just to have money to spend in some wasteless matters well thats very bad but if the people are wise using his barrowed money so he can earn more money from it i think barrowing is not bad if the mindset of people is to earn and thats why barrowing money have sense and never been bad if people are wise.
sr. member
Activity: 350
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July 04, 2016, 05:01:03 PM
When you really need the money and you cannot find another way you can borrow, I must say there is mostly always a other method and I also would use another method.
I think borrowing is not good and one of the baddest options you could have take if you are doing this, its risky too.
sr. member
Activity: 271
Merit: 250
July 04, 2016, 09:23:34 AM
The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rise moments.
hero member
Activity: 602
Merit: 500
July 04, 2016, 09:06:31 AM
Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

I dont think the borrower will be scam because they are holding the money theyll high chance to scam the lender instead the risk their is if they dont spend wisely their barrowed money and just do it just for gambling and any other nonsense thing that instance is the risk of borrowing money.

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

Nah i dont agree for borrowing money just to save for this halving because your barrowed money will be the same for months pass and your debts will be bigger thats why you never be a winner if your mindset is that.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin

Borrowing of bitcoins or even any currency should not be done to make profits or for investment purpose. I think borrowing should only be done if you really in need of money to fulfill your very urgent need.
sr. member
Activity: 294
Merit: 250
July 04, 2016, 08:51:04 AM
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 think borrowing isnt actually worth it but it is my opinion.
Anyway it is useful to borrow if you are a really good trader and your insight shows you that btc should rise.
It is also useful when if u can find trustworthy btc casino where you can invest-the problem is % of interest rate of the loan.
If its bigger than getting profit from invest,it is not worth it of course ...
sr. member
Activity: 336
Merit: 250
July 04, 2016, 08:19:29 AM
When is it useful to borrow bitcoins i think the best tme to do it is right after a break or you can call it a drop off course. There are allot of people investing into the bitcoin
after the drop came. Than the price of the bitcoin is really low and you can buy allot of them and make more profit out of it,
full member
Activity: 210
Merit: 100
July 01, 2016, 08:16:27 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.
That's right. So It's not good to borrow if the price is increasing but for the lenders they will take this as a good time to lend so they will profit to with the price increase that we're currently facing.
hero member
Activity: 3234
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July 01, 2016, 06:56:27 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.

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.

This is the most brief explanation on when it is really useful to borrow bitcoin. Simple as that.
Borrow if you can afford to pay for it. But if you borrowed when the price is low and the present price is high then you are really going to pay the bitcoins amount same to the borrowed amount.
hero member
Activity: 1764
Merit: 505
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July 01, 2016, 01:33:56 AM
Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

I dont think the borrower will be scam because they are holding the money theyll high chance to scam the lender instead the risk their is if they dont spend wisely their barrowed money and just do it just for gambling and any other nonsense thing that instance is the risk of borrowing money.

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

Nah i dont agree for borrowing money just to save for this halving because your barrowed money will be the same for months pass and your debts will be bigger thats why you never be a winner if your mindset is that.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin

I dont agree for borrowing money just to have balance stake for this price rise event happening today, because it happens that your barrowed money is never increasing although the price will soar high and yet you will pay high to since theirs  loan interest will bust you.
And thats really a bad choice for borrower because you just barrowing for nothing
legendary
Activity: 1372
Merit: 1005
June 30, 2016, 01:52:12 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.

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
legendary
Activity: 3234
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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.
full member
Activity: 224
Merit: 100
June 29, 2016, 04:34:55 AM
Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

I dont think the borrower will be scam because they are holding the money theyll high chance to scam the lender instead the risk their is if they dont spend wisely their barrowed money and just do it just for gambling and any other nonsense thing that instance is the risk of borrowing money.

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

Nah i dont agree for borrowing money just to save for this halving because your barrowed money will be the same for months pass and your debts will be bigger thats why you never be a winner if your mindset is that.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin
full member
Activity: 238
Merit: 100
June 29, 2016, 04:27:23 AM
Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

I dont think the borrower will be scam because they are holding the money theyll high chance to scam the lender instead the risk their is if they dont spend wisely their barrowed money and just do it just for gambling and any other nonsense thing that instance is the risk of borrowing money.

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

Nah i dont agree for borrowing money just to save for this halving because your barrowed money will be the same for months pass and your debts will be bigger thats why you never be a winner if your mindset is that.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.
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