the only time I would borrow Bitcoin would be to short it.
On Poloniex it does that automatically, so I wouldn't ever go around asking to borrow Bitcoin, but I would technically be borrowing Bitcoin if I did that.
Otherwise I would just buy bitcoin if I ever needed it in a hurry.
Topic: When is it useful to borrow bitcoin? - page 33. (Read 78951 times)
Well at this forum people ask for loans to invest ,but and gambling,soo if they dont pay the colateral should be sold instant soo its a good option and a good market .
I think its useful to borrow bitcoins if you really need money, I think you should only consider this if it is really needed for as a example paying your rent.
For just borrowing I would not recommend you to do this because there can happen a lot and it also be very risky.
For just borrowing I would not recommend you to do this because there can happen a lot and it also be very risky.
My short answer to this is: You borrow money at X interest rate when you know you can use that money to make a return greater than X. Like the banks do. With bitcoin you of course have to be careful and the interest rates tend to be high.
yes,its also being problem for me,i'm afraid to borrow bitcoin,i'm avoid the interest rate,in this forum people dont want lend their money without interest,its have no benefit for them,i suggesting everyone to not borrow bitcoin if that not urgent conditions. It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
Wrong, if we borrow it when the price is low. Then we need more Bitcoin to borrow, because the price is low.
example:
~You need $400/1BTC(Bitcoin rate $400/BTC)
~You spend the $400/1BTC
~Bitcoin price goes high ($500/BTC)
~You pay the lender with 1BTC/$500 which is more than you borrowed
You know that soon the halving moment several people will ask for loans here ,atleast i expect that is going to happen,to play with the market,but they will change one thing just they will ask the loan to be funded in usd instead bitcoin,soo they will keep the difference for them.Some users protect their loans doing that,i personally wont lend based into dollars,i work with bitcoin if i wanna to work with fiat i would.With all my lendings i believe this isnt a good way to grow portfolio,as i had almost all loans defaulted and in the middly i lost 0,03 because my computer burned,and took with it my wallet electrum;besides those i were able to sell the accounts i had from the loans for a higger value that the loan costed to me,in general im at green but its getting risky to lend ,as the most purpose of the people is forcing the sell,always use colateral people.
My short answer to this is: You borrow money at X interest rate when you know you can use that money to make a return greater than X. Like the banks do. With bitcoin you of course have to be careful and the interest rates tend to be high.
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...
All of that depends to each people who do that. I agree if looking for bitcoin and get it for free is really good idea. But if we very need bitcoin and don't have any bitcoin or less to some important thing, no problem borrow bitcoin but we should certain can get back it.
it's never safe to borrow money from anyone, you should avoid loans all together if you know whats best for you.
Yeah and if you are not in a hurry why are you taking loan if you can earn what you want in a short peiod of time mate.Avoid taking loan even you have a collateral.
it's never safe to borrow money from anyone, you should avoid loans all together if you know whats best for you.
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...
if you are 101% sure bitcoin will go down 
what?its pro trader who said like that 
i'm expecting as your plan,i will borrow bitcoin when i know bitcoin price will raise up so high,and then i will pay it when the price going low again,is that wrong?
Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it
But if you find someone will lend you for 0 interest you can go for it
From my opinion bitcoin can be borrowed at this time provided with a low interest because in a short term you will get assured return of high profits.
Well said, for the assured returns that can be got on a few months holding through halving borrowing is profitable and can be done before halving.
It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
Wrong, if we borrow it when the price is low. Then we need more Bitcoin to borrow, because the price is low.
example:
~You need $400/1BTC(Bitcoin rate $400/BTC)
~You spend the $400/1BTC
~Bitcoin price goes high ($500/BTC)
~You pay the lender with 1BTC/$500 which is more than you borrowed
borrow bitcoin can be useful if you have a 100% safe investement and you need more bitcoin to have more profit and you can refund back the money that you borrow.
but it is not useful if you will use it in gambling or somethink risky.
i you are thinking that is a good idea don't ask for borrwing because you will not have money to pay back.
but it is not useful if you will use it in gambling or somethink risky.
i you are thinking that is a good idea don't ask for borrwing because you will not have money to pay back.
It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
Well im getting some good results as the loans defaulted and repaid are allowing to keep my balance up ,even with the defaulted loans,where i make auctions and recover with interest,isnt a huge ammount but worths my time for sure.
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 am sure that all people that loan some bitcoin is for useful purpose,and everytime is good and useful for borrow bitcoin,it depending what will you do with that loan,for invest,gambling or just buy some goods,its good time to borrow. 
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.
Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it
But if you find someone will lend you for 0 interest you can go for it
From my opinion bitcoin can be borrowed at this time provided with a low interest because in a short term you will get assured return of high profits.
Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it
But if you find someone will lend you for 0 interest you can go for it
If the altcoin price rises, it is not good to borrow the coin and short it. If it drops, it is OK to borrow, short and buy back.
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