Topic: When is it useful to borrow bitcoin? - page 21. (Read 78951 times)
Right now borrowing is not good at all, I would not recommend you to do this because the bitcoin is gonna rise and due to that its not smart at all.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.
Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.
But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.
I guess that's KIND of true but i dont recommend borrowing money to have any chance at losing it, borrowing is suppose to be when you really need it not when you want to make that money into more money, that isnt what borrowing is for.
Normally people borrow money or bitcoins when they really needs money. Borrowing is not a good thing and is like a begging if you really dont need it to fulfill your urgent need.
Borrowing to invest to get more money is insane idea and it would not produce good results.
Yes i completely agree borrowing money is for the sole purpose of YOU NEED IT and you cannot change what you need, never borrow money to gamble or invest because it will end up screwing you over.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.
Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.
But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.
I guess that's KIND of true but i dont recommend borrowing money to have any chance at losing it, borrowing is suppose to be when you really need it not when you want to make that money into more money, that isnt what borrowing is for.
Normally people borrow money or bitcoins when they really needs money. Borrowing is not a good thing and is like a begging if you really dont need it to fulfill your urgent need.
Borrowing to invest to get more money is insane idea and it would not produce good results.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.
Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.
But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.
I guess that's KIND of true but i dont recommend borrowing money to have any chance at losing it, borrowing is suppose to be when you really need it not when you want to make that money into more money, that isnt what borrowing is for.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.
Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.
But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.
When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.
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.
Any time it could be "useful" if you really need the money but it isn't "profitable" because btc can drop in an instant while the Dollar value is more stable to the country but that is just my insight.
btc is a great way to lend money although it is dangerous to loan it.
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..
I don't think its for profit or anything, Its just useful on anytime because everyone has sometimes problems with their monthly payments or something.
And if you than borrow your bitcoins you can pay them, its not always good to do but it can be good as well.
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.Borrowing has a lot of risks and there can go a lot of things wrong.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
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.
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.Borrowing has a lot of risks and there can go a lot of things wrong.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
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?
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..
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.
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.
You have to keep in mind that payments from a borrowed money should be paid in just an exact duration of time.
What if the price won't rise in the duration of your loan? Borrow bitcoin if you really need it rather than takes it as an opporunity to make profits.
Also on the other hand, 1btc is 1btc. If you borrow 1btc you need to pay 1btc + interest. So where is the profits there even the price will increase?
It is very hard to borrow bitcoin if you don't have back up funds in case that you can't pay your debt.
You have savings in able to pay that amount. It is only useful if you are going to use the borrowed bitcoin for emergency needs.
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.
You have to keep in mind that payments from a borrowed money should be paid in just an exact duration of time.
What if the price won't rise in the duration of your loan? Borrow bitcoin if you really need it rather than takes it as an opporunity to make profits.
Also on the other hand, 1btc is 1btc. If you borrow 1btc you need to pay 1btc + interest. So where is the profits there even the price will increase?
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.Borrowing has a lot of risks and there can go a lot of things wrong.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.
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 loaning is almost the same as buying coins. You borrow when the price is stable and on it's low price. Im not suggesting to borrow this time because we see that bitcoin price is keep changing it's price, it's going up and down very fast.
it is verry useful to borrow bitcoins but not right now because have you seen the price of each bitcoin and that is rising up above the 800 each so i think you should wait.
when bitcoin price rising and altcoin price fail, you can buying some altcoin with your loan, then after altcoin price rising, sell your altcoin and repay the loan.
when you need to buy something important and worthwhile but it has to give you a return on it so I'd borrow bitcoin to start a business I wouldn't borrow it to waste on rubbish crap like ps4's and garden tents.
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