When is it useful to borrow bitcoin? - page 31.

arwin100

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Quote from: electronicash on May 01, 2016, 01:42:31 AM

its useful to borrow bitcoin when you're ready to lose your collateral.

its most useful if you borrow for a good purpose like you need to buy something very much needed than gambling it.

Yeah agree, but i think loan is usefull if you really use it in good ways , you loan because you want to invest your money so you can earn big with it or you loan because you see longterm program and you can earn passive money if you participate and invest the bad thing for taking a loan is you badly use it for nothing and you use it in gambling where there is no assurance you can earn with it.

sirohige

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when I will benefit assured, I will borrow, for example. trading, when the coin is a dump I try to buy and then sell.

electronicash

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its useful to borrow bitcoin when you're ready to lose your collateral.

its most useful if you borrow for a good purpose like you need to buy something very much needed than gambling it.

zerocharisma

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It's useful if you are in need of bitcoin. Maybe something like emergencies?? or you just really need it for use.
Don't borrow or get a loan if you just want to gamble it or invest on some ponzi. It's not worth it to risk what you borrow.

arwin100

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Quote from: DuckKeeper on April 29, 2016, 11:19:59 AM

Quote from: richjohn on April 28, 2016, 09:50:09 PM

Quote from: quintiilieo on April 28, 2016, 09:34:39 PM

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

It will be useful when you can make some profit with it otherwise it would be bad for you and you are losing some money and that is not nice if that happens to you.
So please be for sure that you can make profit with it and than it will be also worth to borrow it otherwise not.

Its really usefull to lend money if your intention is to use it to invest so you can earn money in return sometimes borrowing money is nice choice if you see some program that you cam benifit with it but you dont have money to invest, but id your borrowing money and dont have idea wherr you will spend it well its useless because its totally your loss and you will be sorry if the payment time comes because you might pay big and didnt get profit for your loan money.

DuckKeeper

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Quote from: richjohn on April 28, 2016, 09:50:09 PM

Quote from: quintiilieo on April 28, 2016, 09:34:39 PM

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

It will be useful when you can make some profit with it otherwise it would be bad for you and you are losing some money and that is not nice if that happens to you.
So please be for sure that you can make profit with it and than it will be also worth to borrow it otherwise not.

thend1949

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Quote from: richjohn on April 28, 2016, 09:50:09 PM

Quote from: quintiilieo on April 28, 2016, 09:34:39 PM

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

Yup it is not useful to borrow if you use it in wrong or if you invested in hyip.. But it is useful when you need it in emergency situatuion like accident.

diegz

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Quote from: lemipawa on April 28, 2016, 09:58:14 PM

I guess everyone will borrow money once or more in their lifetime. Borrowing in Bitcoin is the same but I will make it a rule to my self that I'll borrow in Bitcoin only when needed or its the last resort. Bitcoin rate fluctuates and if borrowed at rate of 1BTC - $446 today, after a week it maybe 1BTC - $456 thats a double whammy for the borrower since borrower will pay for interest together with the increase of exchange rate.

Yeah, that's right.. borrow only when really needed and when in an emergency situation...Loaning bitcoin just to buy what you want is not a good idea, interest and price fluctuation would really be a burden in paying...

lemipawa

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I guess everyone will borrow money once or more in their lifetime. Borrowing in Bitcoin is the same but I will make it a rule to my self that I'll borrow in Bitcoin only when needed or its the last resort. Bitcoin rate fluctuates and if borrowed at rate of 1BTC - $446 today, after a week it maybe 1BTC - $456 thats a double whammy for the borrower since borrower will pay for interest together with the increase of exchange rate.

richjohn

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Quote from: quintiilieo on April 28, 2016, 09:34:39 PM

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

quintiilieo

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It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

Ulloa

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Quote from: BombayChicken on April 11, 2016, 04:36:44 AM

Quote from: avw1982 on April 04, 2016, 03:42:02 PM

Quote from: ivanst776 on April 03, 2016, 09:33:19 AM

borrowing bitcoin is not useful ever. I think you should think about how to earn bitcoin. and how to get bitcoin for free. but if some one give you bitcoin for 0% interest and you can't help it to borrow it. then you can borrow it.

Not like that bro! when we need money that time we use to lend the money, we have to as it is. Because bitcoins are also money. People can use bitcoin to lend and they can pay back also check the websites BTCjam, BTCpop to get a loan...

It is only useful if you are for sure that the value will rise in the future and than it is worth enough to borrow it, otherwise it is not good and you will lose money and that is bad.
So the best thing is that you are going to do it when the price is rising so you are for sure, but it is hard to know when it will rise and that is the problem of Bitcoin.

It is hard to know when you must borrow a Bitcoin and that is hard because you never know what will happen with the currency itself so you should to take some risks also.
Without risks you cant also make money so taking risks will lead you to earn money and you need also have a smart mind.

n0ne

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Quote from: delliaerd on April 27, 2016, 05:53:54 AM

Quote from: Krayshock on April 27, 2016, 01:21:02 AM

Quote from: Mumbeeptind1963 on April 26, 2016, 09:53:53 PM

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.

That's good, but after borrowing you should never give up or go down in the process of growing the borrowed bitcoin. Only then you can pay the interest and grab a small profit.

AsaroUk

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Quote from: delliaerd on April 27, 2016, 05:53:54 AM

Quote from: Krayshock on April 27, 2016, 01:21:02 AM

Quote from: Mumbeeptind1963 on April 26, 2016, 09:53:53 PM

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.

It is only useful when you are for sure that you can make profit with it otherwise you are going to lose some money and that would be bad for you.
So if you see that the price is rising than it would be nice that you are going to borrow it so you can make later even some profit with it and that would be also nice for you.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

It is useful if you use it in right way. But if you invest it in hyip you should not borrow bitcoin because you risking your not money, you cant pay it with that tactics.

Doms

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Borrow only that which you can return. If you are not sure what your reason for borrowing is, then there's no point in doing so. If your purpose is clear and you have a game plan that will yield you enough earnings to cover the principal and interest, then go ahead and borrow. But, don't ever steal, just borrow.

delliaerd

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Quote from: Krayshock on April 27, 2016, 01:21:02 AM

Quote from: Mumbeeptind1963 on April 26, 2016, 09:53:53 PM

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.

Krayshock

member

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Quote from: Mumbeeptind1963 on April 26, 2016, 09:53:53 PM

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

right, right
no to hyips, they suck terribly

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

Krayshock

member

Activity: 84

Merit: 10

it will be useful if youre trying to start a business or if youre just merely into trading since the value of bitcoin continues to rise
just dont put it into gambling, you might fail miserably

Topic: When is it useful to borrow bitcoin? - page 31. (Read 78951 times)