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.
Yeah when is it usefull to borrow bitcoin i think it is not really profitable to borrow them now because the price is to high for now.
Topic: When is it useful to borrow bitcoin? - page 22. (Read 78951 times)
Personally, i more like looking for bitcoin by my self rather than borrow bitcoin. It is right that will take a long time to collect many amount of bitcoin but i more relax than I should have a pressure to pay it back.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.
Me too, I'm avoiding to borrow bitcoin. Because when you have debt to someone you are really forced to pay for it. And your trust will be marked if you aren't able to borrow. It is useful to borrow bitcoin if you just really need it for emergency purpose and investment purposes.
But if you are just going to use it for your pleasures it isn't useful at all.
Personally, i more like looking for bitcoin by my self rather than borrow bitcoin. It is right that will take a long time to collect many amount of bitcoin but i more relax than I should have a pressure to pay it back.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.
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.
Yeah when is it usefull to borrow bitcoin i think it is not really profitable to borrow them now because the price is to high for now.
The best time for you to invest into bitcoins is when the next drop is coming. I think that he will drop not such many as last drop but for sure you will need to invest that time.
I think borrowing is just bad in the overall btc experience in my opinion, if you borrow someone some bitcoins this can have real problems because its not so easy to getting them back if someone is not helping you.I would not recommend you to do this because there are too many risks in my opinion, it can go wrong in a lot of ways...
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.
Yeah when is it usefull to borrow bitcoin i think it is not really profitable to borrow them now because the price is to high for now. 
You have to be for sure that you can make some profit and that is the most important thing and maybe this will be not the right time to do it because the value is rising.
And you have to know that you need some patience for it and that you must not lose any money with it otherwise it is sin.
And you have to know that you need some patience for it and that you must not lose any money with it otherwise it is sin.
I also would not do this, its not even worth it in my eyes you can better now just hold the bitcoin for a while to make some good profits.
Patience is required with every invest of course.
The best time for you to invest into bitcoins is when the next drop is coming. I think that he will drop not such many as last drop but for sure you will need to invest that time.
You have to be for sure that you can make some profit and that is the most important thing and maybe this will be not the right time to do it because the value is rising.
And you have to know that you need some patience for it and that you must not lose any money with it otherwise it is sin.
And you have to know that you need some patience for it and that you must not lose any money with it otherwise it is sin.
Borrow 0.1 worth $70 now, and payback later when the price go down to 0.1 worth $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000
When borrowing the bitcoins, one should not convert it in USD and see whats the difference in Prices.Bitcoin should be borrowed to use directly as bitcoin and should not be converted in FiaT or USD. This way your loss will be minimal . Although you will have to pay interest on borrowing bitcoins.
You are right, or maybe there are some borrowers that borrows bitcoin if the price is still low and they are going to get profit just for holding it.
And after holding and if the price increases they are going to get some profit from it and they are going to pay it.
I think it is somewhat useful.
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.
Seriously think about what you're about to do, as lending is far often definitely not worth the deal you're getting yourself into, consider loaning only if you fit into the following categoriesThe thing you want is only just out of your price range, quite cheap, and the interest rate from the place youre lending it isn't too harsh
I don't think it is ever useful to borrow Bitcoin.
If you borrow from this site, to get anything good, you need to be of a high rank.
At which rank, you can earn a lot more from signature campaign than from borrowing.
You also risk changes in exchange rates and damages to systems that you are using which must be taken into consideration.
If you borrow from this site, to get anything good, you need to be of a high rank.
At which rank, you can earn a lot more from signature campaign than from borrowing.
You also risk changes in exchange rates and damages to systems that you are using which must be taken into consideration.
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.
Honestly, seriously consider not taking a loan unless the item you want to buy is close to the money you currently have and you can pay back almost immediately, to avoid several problems of which i will list a fewFirst off, i personally wouldn't trust this forum at all as no safety checks that banks provide are in place, secondly, the interest rate will be huge so if you can't pay back the SMALL amount immediately you will probably be in a worse state than when you started, please be careful
Well if you're experienced with stock trading, borrowing money is done when you think the market will go down. What you do is borrow Bitcoin and then immediately sell it expecting the price to go down. Then you wait however long until you need to pay back your loan and then buy the Bitcoin back. If the price of it dropped, congratulations you just earned yourself some profit by shorting the market. I do not recommend this. It is at your own risk and never default on a loan. This is for informational purposes only.
Borrow 0.1 worth $70 now, and payback later when the price go down to 0.1 worth $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000
Borrow 0.1 worth $70 now, and payback later when the price go down to 0.1 worth $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
So maybe the correct answer are you may get a loan with high rate and pay it back in less rate.
in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000
When borrowing the bitcoins, one should not convert it in USD and see whats the difference in Prices.Bitcoin should be borrowed to use directly as bitcoin and should not be converted in FiaT or USD. This way your loss will be minimal . Although you will have to pay interest on borrowing bitcoins.
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.
when you need money but you don't want to sell your collateral
Well this is quite somehow a good reason, but the thing is how you are going to use your borrowed money.
It is just useful I guess if you are desperate needed for money.
when you need money but you don't want to sell your collateral
Around this time it will be not that smart if you are going to borrow it now around this time and that is because the value of Bitcoin isnt that low and it keeps rising.
So it will be hard to make profit with it and that is difficult now indeed but maybe later in the future it will be possible.
So it will be hard to make profit with it and that is difficult now indeed but maybe later in the future it will be possible.
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