When is it useful to borrow bitcoin? - page 3.

TastyChillySauce00

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Quote from: benjaminmason on October 11, 2016, 06:21:51 AM

when you know you can make a profit from it

well actually if you don't really need money and still have saving there's no point to borrow money even we can manage to make profit out of it
the interests will actually took our profit and the result we got such a small amount of profit with risking to have a loan and can't pay it back,not worth it

benjaminmason

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when you know you can make a profit from it

newcoins1978

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Definitely for emergency purposes and if you need just a small amount. i've been on such scenario several times like i want to buy something online with bitcoins but i am short of funds, there comes borrowing will be useful

praprata

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When is it useful to borrow bitcoin? Well, when you have cashbacks on primedice or some other very good deal where you can get a very good deal in something like gambling, and you have a 50 percent chance to double your money and then make a net profit of like 90%

phreaky

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Borrowing bitcoin is not so useful because borrowing costs money like with fiat. The same values you have with fiat you can apply to bitcoin.
So for example when would you borrow with fiat is the same question because money is money.

milewilda

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Quote from: bitlancr on October 10, 2016, 10:32:55 AM

Quote from: romero121 on October 06, 2016, 11:25:15 AM

When one think of borrowing bitcoin, he needs a scheduled plan to retain a profit to repay the interest for the borrowed amount. If this doesn't work he should have an alternate plan to pay it back else borrower is the sufferer.

Indeed the scary part about borrowing is you don't have that money else you wouldn't borrow and you need to pay that money back plus more so without a plan you can fail and failing means losing a lot of money most likely since rent will stack up on it.

That is why I don't find borrowing is very helpful to me. Because I'm thinking the negative part of it, even though I can say that I'm able to pay the whole borrowed bitcoin plus the interest rate. But still I don't want to see people earning with my bitcoins by just lending it to me. I don't know, that is what I'm feeling.

There are really people dont like to borrow money even if they have the capability to repay it in no time, it depends on their mindset and feeling . In your case you just dont want other people to earn bitcoin then you are selfish somehow. lol. But there are really times that we should need to borrow especially on emergency situations.

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Quote from: ronaldo40 on October 10, 2016, 10:39:19 AM

Quote from: Doamader on October 10, 2016, 07:28:49 AM

Quote from: Hallseplex on October 10, 2016, 03:52:29 AM

The most usefull time to buy bitcoins is at the bottom of the coin off course why borrow bitcoins right now when the price is to high i dont understand people who are buying bitcoins right now
you have to wait when the price is at his lowest point for now ant than you can buy them.

Look i do believe you read wrong, the thread its about borrow not buying, sure some people plays the btc buy and sell, but those arent enought to make the fee from the loans repayment. Some people do ask for lending when the price is low and wait it get bigger to sell, like the halving sure some people used it to make an extra income.

I think what is meant by him is when bitcoin prices fall to low levels it is a useful time to borrow and buy bitcoin. because the guarantee for increasing again that's for sure. I think it's a great idea and really useful time to borrow.

how can you indicate that it usefull to borrow if you want to earn by its flactuation? and what happened if the price will not bounce back at the moment and became stable? i am pretty sure that you can be broke by that or you lose since the percentage of your money lended is still there but the profit you want is still undefined so thats why i don't really consider that it is the good time to borrow money since the profit for that scheme is unknown.

ronaldo40

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Quote from: Doamader on October 10, 2016, 07:28:49 AM

Quote from: Hallseplex on October 10, 2016, 03:52:29 AM

The most usefull time to buy bitcoins is at the bottom of the coin off course why borrow bitcoins right now when the price is to high i dont understand people who are buying bitcoins right now
you have to wait when the price is at his lowest point for now ant than you can buy them.

Look i do believe you read wrong, the thread its about borrow not buying, sure some people plays the btc buy and sell, but those arent enought to make the fee from the loans repayment. Some people do ask for lending when the price is low and wait it get bigger to sell, like the halving sure some people used it to make an extra income.

I think what is meant by him is when bitcoin prices fall to low levels it is a useful time to borrow and buy bitcoin. because the guarantee for increasing again that's for sure. I think it's a great idea and really useful time to borrow.

bitlancr

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Quote from: romero121 on October 06, 2016, 11:25:15 AM

When one think of borrowing bitcoin, he needs a scheduled plan to retain a profit to repay the interest for the borrowed amount. If this doesn't work he should have an alternate plan to pay it back else borrower is the sufferer.

Indeed the scary part about borrowing is you don't have that money else you wouldn't borrow and you need to pay that money back plus more so without a plan you can fail and failing means losing a lot of money most likely since rent will stack up on it.

maydna

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Quote from: Friladon on October 10, 2016, 10:04:19 AM

You can better borrow bitcoins not right now becuase as you can see the price of the bitcoin is really high right now and i dont think you will earn that much to borrow allot of coins
right now so wait till the price is going to fall and then you will be happy that you listen to me Cheesy

better to wait for a moment to get low price of bitcoin to buy and you can hold it for next increase price. just wait until the price is reach $617-$618 and then you can buy for small amount first to know if there is really down trend, and if there is really down trend, then you can buy again and hold it in your wallet.

Friladon

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You can better borrow bitcoins not right now becuase as you can see the price of the bitcoin is really high right now and i dont think you will earn that much to borrow allot of coins
right now so wait till the price is going to fall and then you will be happy that you listen to me Cheesy

Doamader

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Quote from: Hallseplex on October 10, 2016, 03:52:29 AM

The most usefull time to buy bitcoins is at the bottom of the coin off course why borrow bitcoins right now when the price is to high i dont understand people who are buying bitcoins right now
you have to wait when the price is at his lowest point for now ant than you can buy them.

Look i do believe you read wrong, the thread its about borrow not buying, sure some people plays the btc buy and sell, but those arent enought to make the fee from the loans repayment. Some people do ask for lending when the price is low and wait it get bigger to sell, like the halving sure some people used it to make an extra income.

Hallseplex

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The most usefull time to buy bitcoins is at the bottom of the coin off course why borrow bitcoins right now when the price is to high i dont understand people who are buying bitcoins right now
you have to wait when the price is at his lowest point for now ant than you can buy them.

Bitcoinbro

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Quote from: elyas772 on June 09, 2016, 11:41:02 AM

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

Indeed only borrow if you are a thousand percent sure that you can pay back the amount you borrowed plus rent on time.
If you borrow without knowing this and you can't pay up then you can get in trouble.

DixieCrayon

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Borrowing bitcoins can best never been done becuase the price of the bitcoin is to high right now so when youi want to borrow bitcoins you have to make sure that
The bitcoin is word nothing than you need to wait a bit to see the price rise and sell them fuirther.

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Quote from: shinratensei_ on October 10, 2016, 12:02:43 AM

Quote from: South Park on October 09, 2016, 10:55:09 AM

Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

While that may seem like a good idea you must remember that there are scams everywhere in the world of bitcoin, if you did that and the casino did not give you your coins anyway you will be even worse than before.

Just needed a second for me losing all of my borrowed capital into the gambling place, and another question from why I can pay back off my loans? Gambling is not a safe way for using your borrowed amont.

Borrowed money would be intend to go gambling is just a dumb thing to do because you wont guarantee yourself to make profits with it on the long run. Gambling is not really safe especially the money you used is just been borrowed to someone. You would really have a hard time to repay that loan.

shinratensei_

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Quote from: South Park on October 09, 2016, 10:55:09 AM

Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

While that may seem like a good idea you must remember that there are scams everywhere in the world of bitcoin, if you did that and the casino did not give you your coins anyway you will be even worse than before.

Just needed a second for me losing all of my borrowed capital into the gambling place, and another question from why I can pay back off my loans? Gambling is not a safe way for using your borrowed amont.

South Park

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Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

While that may seem like a good idea you must remember that there are scams everywhere in the world of bitcoin, if you did that and the casino did not give you your coins anyway you will be even worse than before.

arwin100

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Quote from: Altynbekova on October 08, 2016, 04:46:27 PM

Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

Whenever you use borrowed money you will see it can get you into big problems. That's why I would advice to use your own money to trade or gamble coins.
See it is a risk free way to go though life.

Right because you will surely face some bad consequences regarding for your debts and you might gonna get into a big trouble if the barrower cannot pays the debt in the desired payment time, thats why its very advisable to all of people to not barrow some money if they don't need those one, this barrowing option is right when people really needs money in some emergency situation, and so for that barrowing is not necessary and just be satisfied for what we have to have a great life with less problem.

Doamader

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Quote from: Altynbekova on October 08, 2016, 04:46:27 PM

Quote from: SAMKUSH on October 08, 2016, 12:05:54 PM

There are some sites like trading and gambling sites that have minimal withdrawals, sometimes they can be as high as 0.1 bitcoin, a loan could be used to add enough bitcoin to the account to withdraw everything. This is just one example which would be a good reason to loan bitcoins.

Whenever you use borrowed money you will see it can get you into big problems. That's why I would advice to use your own money to trade or gamble coins.
See it is a risk free way to go though life.

If you are requesting a loan to withdraw your stucked funds you should even try those gambling websites in the first place, and then you will use your balance to repay the loan, but you will loose twice bitcoins. I dont know any trade website that has a minimum ammount to withdraw, anyway the thing is dont gamble and ask for loans with those.

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