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Topic: When is it useful to borrow bitcoin? - page 29. (Read 78951 times)

sr. member
Activity: 322
Merit: 250
the best way to borrow them is to wait and wait till he reach one of the lowest points.
Then wait maybe a little invest or just holding them and sell your coin at a top price that's the best way of getting
the most useful borrow moment.
sr. member
Activity: 370
Merit: 250
Forza Italia
borrow bitcoins is never useful the only thing that's useful is to invest them.
There are several things you could do with a bitcoin but just borrow them don't make any good profit. So you could
better invest them.
sr. member
Activity: 364
Merit: 250
The most people are hoping that the value will be more worth so you must borrow it when you are for sure that the value is going up.
Because if the value is going to reduce after you borrow it than you are losing some money and that is bad.

So that must not happen to you and it is indeed quite risky.
sr. member
Activity: 448
Merit: 250
Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.

Yeah, buying and selling of a profit is a good thing to put your borrowed money, it is also good I think if you are going to lend the money that you borrowed and you are going to put also an interest to it. This is the easiest way to earn money without doing any effort and without putting up a capital for that.
I am learning the hard way that borrowing money only leads you to trouble. i can't imagine trusting any newbies asking for a loan for this site, but if you're starting a business and need initial capital then I can see it being useful.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.

Yeah, buying and selling of a profit is a good thing to put your borrowed money, it is also good I think if you are going to lend the money that you borrowed and you are going to put also an interest to it. This is the easiest way to earn money without doing any effort and without putting up a capital for that.
legendary
Activity: 1344
Merit: 1006
Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
The only time I would use the bitcoin to borrow is when I really need money, other than that I do not think it will be useful and even risky to be honest.
There in my opinion just too much risks involved with this.

That's right you must borrow in times of you are really in need, not just you are going to buy something you want. People are borrowing bitcoin for running before the halving happens.
They want also to get profit before it happens.
sr. member
Activity: 476
Merit: 250
The only time I would use the bitcoin to borrow is when I really need money, other than that I do not think it will be useful and even risky to be honest.
There in my opinion just too much risks involved with this.
sr. member
Activity: 350
Merit: 250
It will be only useful when you are for sure that you can make some profit with it otherwise it will be sin and that would be bad if you are losing some money with it.
But you need to be risky if you want to earn some money with it and that is nice or it can be also bad.
hero member
Activity: 560
Merit: 500
It will be only nice if you are going to borrow one when you are for sure that you can make some profit with it and that would be nice if that is possible for you.
But it is of course hard to know that from before so you need to take some risks if you want to make profit.

Some members here just lend to senior and ranks above that usually has a lot to loose ,usually their accounts and some of them their image ,something that has no value this days is honesty ,soo people lend to those group but usually who ask for loans are full member and seniors usually,the most of them default they force the account to get sold.
sr. member
Activity: 364
Merit: 250
It will be only nice if you are going to borrow one when you are for sure that you can make some profit with it and that would be nice if that is possible for you.
But it is of course hard to know that from before so you need to take some risks if you want to make profit.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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 good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.
Usually people ask for loans to invest and try to grow their project as well their service,others ask to buy new clothes or shoes,or to travel,the thing is the credit is very easy to get when you have a job a regular job,soo some people use and abuse of this.For those who lend without colateral its a huge risk,but well can be a profitable are to try atleast here there is always searching for some money and risking accounts or others altcoins ,some people able to make around 1 btc monthly with lending but there is too many lenders at the moment.

I think there is no one that is going to offer you loans without collateral. Because lenders now are wise, and they are thinking
if the borrower won't pay their debts of course they have something to pay in for that loan they got.
hero member
Activity: 560
Merit: 500
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 good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.
Usually people ask for loans to invest and try to grow their project as well their service,others ask to buy new clothes or shoes,or to travel,the thing is the credit is very easy to get when you have a job a regular job,soo some people use and abuse of this.For those who lend without colateral its a huge risk,but well can be a profitable are to try atleast here there is always searching for some money and risking accounts or others altcoins ,some people able to make around 1 btc monthly with lending but there is too many lenders at the moment.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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 good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.
hero member
Activity: 658
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
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 good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Borrowing is good when you are with a shortage of amount for a particular investment which is to give you a valid return within a short time. Else just borrowing without prior plan leads to loss.

I agree with you, just borrow if you are in short. Don't borrow if you have exact amount.
Just remember that borrowing also is the same as gambling. Why? Borrow what you afford to pay.
sr. member
Activity: 363
Merit: 250
I think its useful when you need money and there is no other option, of course I do not recommend you to do this because there are some big risks.
So also be sure to do it on a safe way.
It is useful if you need money and you dont have any option. But if you use it in hyip site or gambling site this is not useful anymore. This is your last option if you use it in emergency like accident.
It is only useful when you really need it and that can be risky because you never know what is going to happen with the value of Bitcoin so losing money will be there also.
So you have to borrow it when you are for sure that the price is going to rise.
sr. member
Activity: 476
Merit: 250
Why would you borrow bit coins that's the strange thing i have ever heard of.
Coins are worth allot of Dollars or Euro´s why would someone just borrow their coins besides
you can also mine them then you don´t have to borrow them and you will get them for free.

You can do this but mining is much slower if you ask me, due to the fact borrow is easy and pretty fast it can be done.
I honestly would not recommend it, but if you really need it..
sr. member
Activity: 350
Merit: 250
The best moment to borrow your Bitcoin is that you have to do it when you are for sure that you can make some profit with it and that is quite perfect but that is hard to know that from before.
So the things that you have to do is that you must also take some risks and can be bad if it is going wrong.
sr. member
Activity: 363
Merit: 250
Why would you borrow bit coins that's the strange thing i have ever heard of.
Coins are worth allot of Dollars or Euro´s why would someone just borrow their coins besides
you can also mine them then you don´t have to borrow them and you will get them for free.
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