When is it useful to borrow bitcoin? - page 20.

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Quote from: Bitcoinani on June 28, 2016, 01:15:42 PM

According to me borrowing bitcoin from unknown person is like get scammd as you font know but its good if you know a person and you can borrow btc when its prices are slashed down

How you are going to get scammed if you are the borrower. Tendency of getting scam from borrowing is the lender itself who lends the money.
And if he doesn't know the borrower then that's the tendency he would get scammed.

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Quote from: chaser15 on June 28, 2016, 06:26:14 AM

Quote from: ?? on ??

Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Going through all of these replies, this one made the most sense to me. It seems as thoug signature spammers are just posting here to get paid.

On topic, I think it's best to borrow Bitcoin when the price is high. To make things fair, it is best if bitcoins were loaned with a 1:1 ratio; no comparisons to the USD. That was the question I asked all those months ago and in my opinion, when there is a dump, then is a time to borrow Bitcoin. Convert to fiat, then use the profit to pay back the debt several months later.

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Quote from: Xenophoto on June 28, 2016, 08:30:36 AM

Quote from: chaser15 on June 28, 2016, 06:26:14 AM

Quote from: ?? on ??

Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Let me explain it to you using the worst case scenario so most people would easily get it. Supposed that you borrowed 20 BTC @12$ each. The price doesn't seem to go up because the bitcoin was just starting. And then suddenly, when the payment date was approaching, the bitcoins price shoot up! It went from 12$ to 120$ each. Congratulations, you have to pay 10 times what you have borrowed + the profit of the loaner. I think at this point you should get the point and I don't have to explain further. Just imagine how much of a difference is that. From 12$ x 20 BTC to 120$ x 20 BTC:)

I know that thing but I will explain it to you too.

Borrowed money has terms on when you will pay it. There's a duration of time which is not that long. What if in that duration of period price won't go the way you want? You are just adding the risk here plus your borrowed money also has interest so you are expecting a high price in that period of time.

Also if you borrow 1btc you must pay it in 1btc regardless of what the bitcoin price is.

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According to me borrowing bitcoin from unknown person is like get scammd as you font know but its good if you know a person and you can borrow btc when its prices are slashed down

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Quote from: veleten on June 27, 2016, 04:24:47 PM

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you

especially with the forthcoming halving

That useful tip for borrowing bitcoin. But for me the best time to borrow bitcoin is only if you need it.
And if your reason for borrowing is for the upcoming halving that's a useful thing also.

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Quote from: chaser15 on June 28, 2016, 06:26:14 AM

Quote from: ?? on ??

Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Because some other people sees some oppurtunity where they can earn more but they dont have money to invest thats why the barrowing option is the best thing to do that, and thats the reason why mostly of people barrow some money to grab that oppurtunity but their are lazy people barrowing bitcoin just for nothing basis and spending for nonsense thing like betting in gambling.

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Quote from: chaser15 on June 28, 2016, 06:26:14 AM

Quote from: ?? on ??

Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Let me explain it to you using the worst case scenario so most people would easily get it. Supposed that you borrowed 20 BTC @12$ each. The price doesn't seem to go up because the bitcoin was just starting. And then suddenly, when the payment date was approaching, the bitcoins price shoot up! It went from 12$ to 120$ each. Congratulations, you have to pay 10 times what you have borrowed + the profit of the loaner. I think at this point you should get the point and I don't have to explain further. Just imagine how much of a difference is that. From 12$ x 20 BTC to 120$ x 20 BTC:)

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Quote from: ?? on ??

Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

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Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I am sure you know nothing.. 650$ is not great price to buy bitcoin. the right time for borrow bitcoin was 3 months ago when bitcoin price what under 400$.
now it is very expensive and you can't even know that if you borrow bitcoin today, then will you get profit or not? or may be bitcoin price drop again at the halving... everything can be possible,
although chance of its price increase is high but if I were in your place I will never borrow bitcoin at this price. now it is your call to take risk or not..

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Quote from: HilbillyFred on June 27, 2016, 09:36:26 PM

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.

How you are going to get scammed if you are the one who is going to borrow? The lender has the risk of getting scammed. I don't know how you are going to get scammed in borrowing. Because the lender doesn't have assurance that he can get paid by the borrower.

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Quote from: HilbillyFred on June 27, 2016, 09:36:26 PM

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.

Quote from: veleten on June 27, 2016, 04:24:47 PM

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you

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.

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Quote from: HilbillyFred on June 27, 2016, 09:36:26 PM

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.

Yup Its useful to borrow bitcoins bitcoins only if you in real need of them because otherwise you should just buy them right away. Borrowing has a lot of disadvantages, and the lending fee is one of the disadvantages that is the biggest problem if you are borrowing it. I think you can better just not do this because it has risks.

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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.

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Quote from: veleten on June 27, 2016, 04:24:47 PM

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you

especially with the forthcoming halving

yes halving is the right time. return with the dollar. you borrow money in the bank and then buy bitcoin. you will benefit greatly for halving occurs. borrow money from now.

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Quote from: DavidoAlto on June 27, 2016, 10:01:18 AM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say today is not the right time to borrow bitcoin, because the price today is somewhat low. So whenever for the next days,
the price will just pump and you are able to pay that amount also on the value of bitcoin that time plus interest.

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i think it is still useful to borrow bitcoin. if some one is ready to borrow you bitcoin then you are a lucky person, because to me it is the most perfect time to invest in bitcoin. because the halving is approaching and the rate is still very below i think even below the expectation. but the price can fly at any instant so i suggest you to borrow bitcoin as much as you can and invest it. hope you will get a good profit before halving.

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the best time to borrow bitcoins
is when you can find anyone willing to lend them to you

especially with the forthcoming halving

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IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

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yes i think it is the best time to borrow bitcoin and hold them for the price increase. because it is expecting that in coming days the rate of bitcoin will cross the 900 USD limit. therefore it is the best option to borrow bitcon if some one really ready for that.

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What people already said if you really need the money it can be worth it but if you do not need any money why would you do this..
Borrowing has a lot of risks and there can go a lot of things wrong.

Bitcoin will not going down soon and that is because you have to take a look at it, you can now see that the value of Bitcoin will be more worth so that would be really nice for people who already have Bitcoin.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.

You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.

Interesting to borrow with the purpose of speculation. Normally you lend money and earn with interest. Problem is what to do when the price is going up, Stop lending?
Tell me did this kind of borrowing worked well for you?

I guess lending with bitcoin is very risky kind of service here. Unlike lending in the fiat money, there is a stable procedure and value of money.
Unless you have agreement to signed online to work out it to both of you. And for borrowers, it is useful if you are going to borrow bitcoin for
building up your website, paying up services or for trading.

Lending someone online is totally risky as you don’t have the sufficient knowledge on who that person is.

If you are wanting to borrow bitcoins, I guess the best way is to borrow flat money and then convert it to bitcoins which I think is way easier to do so. These online agreements by scammers are mostly just made up and you shouldn’t trust any of them.

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