When is it useful to borrow bitcoin? - page 2.

carlfebz2

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Quote from: chaser15 on October 13, 2016, 04:25:28 AM

Quote from: Zadicar on October 13, 2016, 03:29:05 AM

Quote from: Oilacris on October 13, 2016, 01:35:45 AM

Quote from: JeffBrad12 on October 12, 2016, 08:46:21 PM

Quote from: Cozynunu on October 12, 2016, 03:42:33 AM

the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.

Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.

Borrowing money for putting up into a investment is not a bad idea at all because you could able to make profits with it and you must really assure that because if your investment would give you negative profits then you would surely suffer much more problem on the long run.

Here in my country there is a practice like that , people borrows momey for business purposes.

But it has to be sort of effective business and demand here like food business etc. where the profits is sure for long term.

People are different in any way, either on which country they live and also to their decisions and will. You are right some have plans to loan a money to make businesses which they could assure themselves that they could able to repay the loan hence they have business profits to rely on.

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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.

Probably never, becaause bitcoin is a deflationary market, and if you borrow 1 btc at 200$ market price.

Then you use the 200$ to buy whatever, then if the btc price goes to 1 million $, then you owe 1 million $ which you cant pay from your salary.

Only inflationary currencies are worth using for credits like EUR,USD,JPY, and the rest of the fiat which is devalued and printed like crazy.

Bitcoin's price is volatile. It may be not fit to the large amount of loan. But it is for small amount and short term lending. But it will be different. If the borrowers are invovled in bitcoin business, not expose to the rate flucatuation risk, they may consider it a good option, like IPO, ICO, crowdfunding for bitcoin or altcoins related business.

Sure that one is good. I mean everytime you exchange bitcoin into an altcoin or fiat, you are exposed to exchange risk.

But that is not necessarly a long term investment, its not even a loan, its just a pure short term startup/investment.

But most people take personal loans not business loans, which dont generate money, but generate huge liability after.

Taking those into consideration big loans people usually consider the rating into dollars and not bitcoin soo lets say i lend 1 btc 600 dollars with repayment of 630 in 30 days, if bitcoin price raises you will send me less coins then i sent you, people are smart, this is the way they proceed, but who does lend may ask to get paid into bitcoin and not dollars.

That is smart but if you lend bitcoins I think the natural thing to do for a lender is to want bitcoins back as well after all the lender wants to earn some money out of the trade and choosing a different currency for the repayment of the debt could turn against them.

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Quote from: Zadicar on October 13, 2016, 03:29:05 AM

Quote from: Oilacris on October 13, 2016, 01:35:45 AM

Quote from: JeffBrad12 on October 12, 2016, 08:46:21 PM

Quote from: Cozynunu on October 12, 2016, 03:42:33 AM

the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.

Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.

Borrowing money for putting up into a investment is not a bad idea at all because you could able to make profits with it and you must really assure that because if your investment would give you negative profits then you would surely suffer much more problem on the long run.

Here in my country there is a practice like that , people borrows momey for business purposes.

But it has to be sort of effective business and demand here like food business etc. where the profits is sure for long term.

Zadicar

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Quote from: Oilacris on October 13, 2016, 01:35:45 AM

Quote from: JeffBrad12 on October 12, 2016, 08:46:21 PM

Quote from: Cozynunu on October 12, 2016, 03:42:33 AM

the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.

Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.

Borrowing money for putting up into a investment is not a bad idea at all because you could able to make profits with it and you must really assure that because if your investment would give you negative profits then you would surely suffer much more problem on the long run.

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Quote from: JeffBrad12 on October 12, 2016, 08:46:21 PM

Quote from: Cozynunu on October 12, 2016, 03:42:33 AM

the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.

Agree with you , im somehow quite confused on what he said but lowest point of bitcoin wont happen anytime soon and if that thing would actually come then bitcoin maybe in a crisis or into a big problem. Borrowing money would be useful if you uses it to a certain investment which you could somehow assure yourselve to be profitable on the long run but when you tend to invest on bitcoin the profits would not be good as well and able to repay your borrowed money to someone.

JeffBrad12

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Quote from: Cozynunu on October 12, 2016, 03:42:33 AM

the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

I can't take the main point of your sentences, for buying in the lowest rate of bitcoin are not forever good for us, because we can't expected about the future of rate and can imagine, and like your said, dude.

Doamader

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Quote from: RealBitcoin on September 08, 2015, 10:51:59 AM

Quote from: bazar165g on September 08, 2015, 02:34:37 AM

Quote from: RealBitcoin on August 22, 2015, 03:56:55 PM

Quote from: tommorisonwebdesign on August 02, 2015, 04:31:14 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.

Probably never, becaause bitcoin is a deflationary market, and if you borrow 1 btc at 200$ market price.

Then you use the 200$ to buy whatever, then if the btc price goes to 1 million $, then you owe 1 million $ which you cant pay from your salary.

Only inflationary currencies are worth using for credits like EUR,USD,JPY, and the rest of the fiat which is devalued and printed like crazy.

Bitcoin's price is volatile. It may be not fit to the large amount of loan. But it is for small amount and short term lending. But it will be different. If the borrowers are invovled in bitcoin business, not expose to the rate flucatuation risk, they may consider it a good option, like IPO, ICO, crowdfunding for bitcoin or altcoins related business.

Sure that one is good. I mean everytime you exchange bitcoin into an altcoin or fiat, you are exposed to exchange risk.

But that is not necessarly a long term investment, its not even a loan, its just a pure short term startup/investment.

But most people take personal loans not business loans, which dont generate money, but generate huge liability after.

Taking those into consideration big loans people usually consider the rating into dollars and not bitcoin soo lets say i lend 1 btc 600 dollars with repayment of 630 in 30 days, if bitcoin price raises you will send me less coins then i sent you, people are smart, this is the way they proceed, but who does lend may ask to get paid into bitcoin and not dollars.

South Park

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Quote from: Doamader on October 11, 2016, 05:18:27 PM

Several people do ask for loan for bettings purpose, they dont need the money at all, they dont wanna wait their payment and they ask for money to make their bets, this way they take a risk, but as i said some users do ask loans to play with fluctuations of bitcoin, and usually they ask for 20 – 30 days for repayment, soo they are able to do everything over those period with those extra coins.

Asking a loan for trading is risky too since you have no guarantee that you will make any money, even the best traders have bad days, weeks and months. So better be careful.

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Quote from: praprata on October 12, 2016, 04:37:15 AM

For it to be useful to borrow bitcoin or any other kind of valuta you need a plan on what you do with it to make it a bigger amount.

Yes for business purposes, one can loan but make sure that they will use it properly in an investment where the returns is possible and the terms deal with the lender is fine by them.

Quote from: praprata on October 12, 2016, 04:37:15 AM

Or you can borrow when you are in very deep trouble but only borrow if you know how your going to pay back in time.

And this is a must. Borrow only when needed not when you want to use it for personal purposes.

praprata

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For it to be useful to borrow bitcoin or any other kind of valuta you need a plan on what you do with it to make it a bigger amount.
Or you can borrow when you are in very deep trouble but only borrow if you know how your going to pay back in time.

Altynbekova

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Quote from: phreaky on October 04, 2016, 10:42:05 AM

Borrow only that which you can return if you are not sure what your reason for borrowing is then there's no point in doing so. If your purpose is clear and you have a game plan that will yield you enough earnings to cover the costs then go ahead.

Always only borrow what you can return obviously cause if you can't return it the rent will stack on you and you will get in a big big debt eventually if you keep not paying.
So only borrow when really! needed else it's not worth it at all.

Cozynunu

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the best time for you to invest into the bitcoins are the lowest points of the bitcoin becuase we need to know what the price will do in the future than we know if we are
going to buy new coins or not you know.

Legasean

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Borrowing bitcoins can best be done when you have the price at the lowest point you know lots of people are inveting into the bitcoin when the price
is at lowest becuase when he is going to rise they make more profit.

Aamir1

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Quote from: benjaminmason on October 11, 2016, 06:21:51 AM

when you know you can make a profit from it

Borrowing money for making profits from somewhere is really not a good idea because not everytime it comes out to be positive but sometimes it goes to negative side, what if you borrowed an amount and invested somewhere and lost it? How will you pay the amount back?

DuckKeeper

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If you want to borrow biutcoins i would not do it right now because if you take a look at the price of one bitcoin you will reghret it because the price of an bitcoin is to high right
now so you have to wait bit longer i think.

Doamader

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Several people do ask for loan for bettings purpose, they dont need the money at all, they dont wanna wait their payment and they ask for money to make their bets, this way they take a risk, but as i said some users do ask loans to play with fluctuations of bitcoin, and usually they ask for 20 – 30 days for repayment, soo they are able to do everything over those period with those extra coins.

South Park

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Quote from: shinratensei_ on October 10, 2016, 12:02:43 AM

Quote from: South Park on October 09, 2016, 10:55:09 AM

Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

While that may seem like a good idea you must remember that there are scams everywhere in the world of bitcoin, if you did that and the casino did not give you your coins anyway you will be even worse than before.

Just needed a second for me losing all of my borrowed capital into the gambling place, and another question from why I can pay back off my loans? Gambling is not a safe way for using your borrowed amont.

I am sorry for your loss dude but that is the world of gambling one day you are up and the next you are down, that is why gambling can be so disheartening since it has such highs and lows.

MaritiJames3

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Whenever you see a good chance at making a lot of money with a guarantee on it but need a bigger capital then it is useful to borrow bitcoin/money.
In any other case it's probably not the right decision cause borrowing money costs money!!

DuckKeeper

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It is usefull to borrow biutcoins on the lowest price off course when the price is at his lowest he will only rise and when you buy right than and selling
further you will make most progit for sure.

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Quote from: TastyChillySauce00 on October 11, 2016, 06:29:01 AM

Quote from: benjaminmason on October 11, 2016, 06:21:51 AM

when you know you can make a profit from it

well actually if you don't really need money and still have saving there's no point to borrow money even we can manage to make profit out of it
the interests will actually took our profit and the result we got such a small amount of profit with risking to have a loan and can't pay it back,not worth it

Totally yes having an unusefull debts is very bad since we can get an headache if we can't repay in the due time period and provabilities that our debt well be more bigger since i think the lender will surely add up some penalty if we cant pay as discuss when barrowing and that could turn to messy things if it will bloat and became bigger, thats why better think for it many times before barrowing money from other people.

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