When is it useful to borrow bitcoin? - page 27.

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Quote from: Bitcoinbee on May 26, 2016, 05:48:01 AM

borrowing bitcoins would be useful if you will invest using it. And investing would be at the right time that may be good enough to have a nice ROI. Since borrowing what will be yours is the gains minus the interest. If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit. But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

Yeah, borrow only if you are going to use it for investment, because if you are going to use that only for personal use only. I think higher chance
of paying your borrowed money is lower and you are at risk, you must able to create an income for the money you borrowed.

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borrowing bitcoins would be useful if you will invest using it. And investing would be at the right time that may be good enough to have a nice ROI. Since borrowing what will be yours is the gains minus the interest. If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit. But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

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Quote from: AsaroUk on May 25, 2016, 10:32:45 AM

It is only useful to borrow a Bitcoin when you are for sure that the price is rising slowly so you can earn some more profit later in the future and that would be really nice for you.
But that can be risky for you if you are losing a lot of money with it if the price is reducing but that is the risk that you should take.

It doesn't matter on the price of bitcoin you are going to borrow or the quantity of it as you are going to pay it that right.
What matters most on how your are going to use it and how going useful it is to you.
Don't just borrow if you are going to use it for buying nonsense thing.

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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.

it's will be useful if haven't to borrow some bitcoin. My suggest you can try to search bitcoin with you don't think to borrow, you have skill man you can think way to get bitcoin. try to be a independently person. don't be rely with borrow it.

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It is only useful to borrow a Bitcoin when you are for sure that the price is rising slowly so you can earn some more profit later in the future and that would be really nice for you.
But that can be risky for you if you are losing a lot of money with it if the price is reducing but that is the risk that you should take.

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Quote from: bitlancr on May 23, 2016, 10:11:42 AM

Quote from: InsideBjorn on May 23, 2016, 10:03:33 AM

The most useful time to borrow the bitcoins is your decision because it depends about how many profit you want to make out of it. So dont focus on the price of the bitcoin and start today with the borrow.

You should not just start with it, its very risky and you can lose a lot by scammers and its also that its hard to really prove to who you are borrowing it to.

focus at the bitcoin price is the first imortant thing, because we will repay use bitcoin too. and if we can repay the bitcoin we will lost our collateral.

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Quote from: Amph on August 03, 2015, 06:24:20 AM

i would simply take their account as a collateral, account business is very accepted at present because of signature campign, so it's very safe to take it as a collateral

and for this reason i find lending here more safe than on some sites like btcjam where even A++ users will not pay some time

That sounds like a good idea, also since the account itself has value from what I have read. I just wonder why people loan such little at times ? Why not just ask a friend you know IRL for $5-$10 ??

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The most useful moments are the moments when the price of each bitcoin is that low that you can make a nice profit out of it after a big rising. Thats what evrybody does dont buy them just for having coins buy them with a plan or go home.

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Quote from: bitcoinhopper on May 24, 2016, 09:40:07 AM

It would be not the smartest thing that you can do because there are still a lot of people that is hoping that the value of Bitcoin is going to be more worth but we cant control it and that is bad.
But borrowing can be a bit risky because you can also lose some money if the price of Bitcoin is reducing.

Yeah, if you borrow bitcoin at high price then you need to pay the price right with the interest indicated to your contract with lender.
And we, the price goes down, you still need to pay that price but bad thing that price becomes low.

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It would be not the smartest thing that you can do because there are still a lot of people that is hoping that the value of Bitcoin is going to be more worth but we cant control it and that is bad.
But borrowing can be a bit risky because you can also lose some money if the price of Bitcoin is reducing.

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Quote from: bitlancr on May 23, 2016, 10:11:42 AM

Quote from: InsideBjorn on May 23, 2016, 10:03:33 AM

The most useful time to borrow the bitcoins is your decision because it depends about how many profit you want to make out of it. So dont focus on the price of the bitcoin and start today with the borrow.

You should not just start with it, its very risky and you can lose a lot by scammers and its also that its hard to really prove to who you are borrowing it to.

Yeah your right its very risky but if you area accepting valid collateral and to use escrow you are far in any scammers.. honestly i never start to lend my bitcoin but i can see more member here are accepting loan if you have a valid collateral that you can sell if the loaner defaulted..

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Quote from: InsideBjorn on May 23, 2016, 10:03:33 AM

The most useful time to borrow the bitcoins is your decision because it depends about how many profit you want to make out of it. So dont focus on the price of the bitcoin and start today with the borrow.

You should not just start with it, its very risky and you can lose a lot by scammers and its also that its hard to really prove to who you are borrowing it to.

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The most useful time to borrow the bitcoins is your decision because it depends about how many profit you want to make out of it. So dont focus on the price of the bitcoin and start today with the borrow.

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It will be only useful when you are for sure that you can make some money with it otherwise you are losing a lot of money and that must not happen.
But to earn money you need to be risky otherwise it will be not possible to you so that is bad.

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Borrow if you will going to use that for investment or business but if you are just going to use that for your personal use.

Better to save bitcoin and what for the right time you can buy your personal wants.

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Its very useful when you need the money for something, but if you just want to do this to have some money its stupid because it has a lot of risks.

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Quote from: rekinthis on May 22, 2016, 02:04:30 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.

i don't think that it is ever useful to borrow bitcoin from someone as you will have to give money back anyway so you won't get anything , you will only lose your money

borrowing bitcoin is same as borrowing money in real life, and when you will borrow you will lose money so if you can live without that extra money you shouldn't borrow

It will be only useful when you are for sure that you can make money with its hard to know so you must take some risks if you want to make profit.
But borrowing will be not always that nice and that is because it is risky so there is a chance that you also can lose some some.

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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.

i don't think that it is ever useful to borrow bitcoin from someone as you will have to give money back anyway so you won't get anything , you will only lose your money

borrowing bitcoin is same as borrowing money in real life, and when you will borrow you will lose money so if you can live without that extra money you shouldn't borrow

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Quote from: martinacar on May 13, 2016, 08:11:52 AM

Quote from: senyorito123 on May 13, 2016, 06:08:13 AM

Borrowing bitcoin is not really bad if you intended to use it in good ways like investing on program where you can see you can earn big money, but if your borrowing for nothing and just wasting well its really very bad because it can ruin you and you had big debts and you cannot pay it.

You need a good program for it and also some trusting people, if you cannot trust the people you will get scammed for sure.
I think its way better to gain money that you need or something on another way.

You would need a very good program, there are these days a lot of scammers and because of this fact its not smart to borrow coins in my eyes like people already said.

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It is useful when you use it in a good way, because others they want to borrow only for their funds to gamblig site. What if you borrow and you lose it. I know all who borrow always they use it in gambling site and sometimes they dont pay they debt and run. They risking their money for the sake of their enjoyment and others dont oay because they loose. So for me Borrow if you can pay it. Dont borrow if you cant pay.

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