Topic: When is it useful to borrow bitcoin? - page 34. (Read 78951 times)
If we were going to loan money to others just to them make profit,what would be the purpose i lend you 1 btc and you make 1.30 btc with it and repay me 1 btc?This wont happen never,we risk our coins lending them to others soo why would we make a no interest loan?
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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
I believe some people ask money and wait this fluctuation to happen,and the most have funds to repay with this strategy.To who lend always a risk,but being able to get 10% or even 20% within a week or three weeks,i believe the reward are pretty good.
if you are 101% sure bitcoin will go down 
I was thinking about your suggestion, wasn't it the reverse that we should do? If you borrow bitcoin and the price drops, then you have no profit from it, but you can buy bitcoin with fiat in lower price if that's your idea, but I think that's not practical to borrow bitcoin and later on you will invest your fiat just to pay someone..
And the other problem is that you dont know what will happen with the value and that you have to take risks.
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% (200%-110%, which is basically the normal loan repayment rate), and a 50 percent chance to lose only 10 percent of whatever you borrowed. This is a good deal, and has a high profit and low loss rate.
Well some people like to protect themselfes when requesting a loan ,if the money lended were worthing 25 they wanna 27dollars instead to ask the 10% in bitcoins,i like to play with bitcoin being worth more or less i dont care,i would just like to get the bitcoins.
if you are 101% sure bitcoin will go down
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.
well i think that it is never a good idea to borrow bitcoins because i think that you need to give amount in bitcoin not in usd so you can't borrow bitcoins and wait for price rise for profit, if you'll find someone that wants get money in usd then it's useful to borrow for profit
For needy people it is really impossible to get loan here at this forum.
But one of the reason for it is to stay away from scammers.
if it is possible, there should be a system in which the persons will have to sign a government stamp paper in this way no one will scam, as with this government will be responsible to order the rule.
but there is another problem, if a person get loan in bitcoin, and at that time the bitcoin price increase then he will face the lose in form of payng double.
So loan with bitcoin is a risk until the price become stable
But one of the reason for it is to stay away from scammers.
if it is possible, there should be a system in which the persons will have to sign a government stamp paper in this way no one will scam, as with this government will be responsible to order the rule.
but there is another problem, if a person get loan in bitcoin, and at that time the bitcoin price increase then he will face the lose in form of payng double.
So loan with bitcoin is a risk until the price become stable
Well lending bitcoin here may be profitable since you can get some good accounts and resell them even more expensive the loan you gaved,people that force the sale doing this,applying for loans,dont know how to deal with their accounts,as they usually wanna the money instant.
I do prefer to borrow only in the emergency situation. Bitcoins are highly helpful to handle pressureful times. However, one should have a desire to pay it back in time. Otherwise, I won't borrow to trade or gamble.
Shorting bitcoin. Basically when you think the price is about the go down, you borrow some bitcoins and sell them. Then you buy the same amount of bitcoins at lower price and return them to your lender. The difference between the selling price and the buying price is your profit.
borrowing bitcoin may be useful to the borrower if the price dropped after he get the loan. then when he repay he will pay less equivalent in fiat. but it is not possible to predict the price movement accurately
Borrowing can be done to gamble. If you're lucky you will get a good earning else need to pay back with interest for the borrowed money.
For me bitcoin is like money, so when you ask me when is it useful to borrow bitcoins is same like you ask me when is useful to borrow money. Correct answer would be never, I dont know about other but in my city everyone owe money to someone (mostly to banks).
When you borrow bitcoins or money you need to know how will you return that. You need to calculate all possible risks. If you just borrow without any plan how to return that, or to expect how you will make more and then return its a trick. You will just fall in bigger hole.
Yes so the best thing is when you are borrow some Bitcoins that you must know for sure that you can make some profit with it.When you borrow bitcoins or money you need to know how will you return that. You need to calculate all possible risks. If you just borrow without any plan how to return that, or to expect how you will make more and then return its a trick. You will just fall in bigger hole.
Otherwise it wont be good and than you can also lose some more money and that is very bad, but it is better not to borrow.
And just make self an investment.
For me bitcoin is like money, so when you ask me when is it useful to borrow bitcoins is same like you ask me when is useful to borrow money. Correct answer would be never, I dont know about other but in my city everyone owe money to someone (mostly to banks).
When you borrow bitcoins or money you need to know how will you return that. You need to calculate all possible risks. If you just borrow without any plan how to return that, or to expect how you will make more and then return its a trick. You will just fall in bigger hole.
When you borrow bitcoins or money you need to know how will you return that. You need to calculate all possible risks. If you just borrow without any plan how to return that, or to expect how you will make more and then return its a trick. You will just fall in bigger hole.
Well i like poloniex system of lending i got my fee before the user be able to withdraw any pennie from it soo i believe this should had happened before btcjam were we had been scammed more then once,atleast i were.
It will be useful when you are for sure that it will happen soon in the future, but it is hard to know because you never know what will happen with the future for Bitcoin.
So you must take some risks if you want to make some profit with it, the bad thing is that you also can lose some money.
You will lose money if the value is going to fall.
So you must take some risks if you want to make some profit with it, the bad thing is that you also can lose some money.
You will lose money if the value is going to fall.
Well my last lendings has turned into defaulted,these days are getting harder to deal with people really need the loan,usually members and full members accounts are forcing the sell of their accounts,but some of us still being able to profit either lending or selling the accounts from the loans.
Borrowing of bitcoin is needed only at times we have assured return of profit within a fixed limit. Else borrowing would let you pay interest without any use.
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