When is it useful to borrow bitcoin? - page 40.

Laosai

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Merit: 250

Quote from: bitlancr on February 05, 2016, 10:50:56 AM

I think that now is not a good idea. Bitcoin namely now has a quite low price and I think the later is going to rise. But if it is going to rise then I think it will take very long.
Because he does not rise as fast as I think.

You could take the risk right now!

You borrow btc for the next 6 months and you repay when the price will reach the highest value. It's like trading in fact, just got to have a rather stable value at a point which will be higher than when you borrowed plus the interests. But you might say it's a bit risk in a sense.

MaxTax

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Activity: 322

Merit: 250

I think it is unwise to do so. Because the price now quite clear is very low so you have nothing to.
It is better if you wait and look at the price for the right moment.

Monnt

legendary

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You could profit off a long term loan if you find a legitimate investment that pays out more than the interest the loan is charging you. Free monies ^_^

bitlancr

hero member

Activity: 616

Merit: 500

I think that now is not a good idea. Bitcoin namely now has a quite low price and I think the later is going to rise. But if it is going to rise then I think it will take very long.
Because he does not rise as fast as I think.

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: LarryHocks on February 05, 2016, 05:17:19 AM

Quote from: Blue_Tiger73 on January 03, 2016, 06:49:26 AM

Only if you need to pay of a loan quickly. Otherwise buy Bitcoin.

I think its useful on a long term, the bitcoin will rise in the future so that's a good thing.
I think we just need to wait till the price will go to a high number, just hold your BTC.

You could also borrow btc to repay later if you base your exchange on fiat! Grin

Like: "I borrow 1000$ in btc and will repay 1100$ in 6 months in btc"
if btc go up enough, you'll profit from btc rise by repaying less btc than what you borrowed :3

LarryHocks

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Activity: 350

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Quote from: Blue_Tiger73 on January 03, 2016, 06:49:26 AM

Only if you need to pay of a loan quickly. Otherwise buy Bitcoin.

I think its useful on a long term, the bitcoin will rise in the future so that's a good thing.
I think we just need to wait till the price will go to a high number, just hold your BTC.

lemipawa

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Merit: 1006

It's useful to borrow Bitcoins if you see that there's an opportunity for a good returns when converted back to fiat. A good example is if someone is selling an item and accepts only Bitcoins but you see that the price is very cheap and an opportunity to sell at higher price, I would borrow.

tn211

hero member

Activity: 778

Merit: 500

Its useful to borrow when you think the bitcoin will rise to a high price.
In my opinion the price will rise to a high amount in the future months, we just need to wait.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

I think its very useful.

You can store them and make profit later.

Just think like a long term invest.

bitlancr

hero member

Activity: 616

Merit: 500

Its can by handy if you borrow them for later, the future of the bitcoin is pretty good and the halving is also coming. I think you need to borrow them for later mate.

Pollak

full member

Activity: 182

Merit: 100

Pollak

I think its never useful. Because Bitcoin has now a low price, very low. Its better to have you own Bitcoin.
If you have you Bitcoin you can sell it later and wait for it is more worth. So you need patience.

erikalui

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Activity: 2632

Merit: 1094

Here it's possible to get a loan if you can keep your account as a collateral but if you are in an emergency and need a huge amount, the only possibility is to get fiat from a bank else borrow money from a friend. Getting bitcoins in an emergency is not always possible unless you have a regular exchanger who can lend you funds anytime. You can try localbitcoins but there as well you will need to exchange money to get bitcoins.

martinacar

sr. member

Activity: 462

Merit: 250

Its useful on this moment, the bitcoin is low at the moment.
But the bitcoin will rise to a higher price so we just need to wait for its price rise.

BlackPanda

legendary

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Merit: 1001

when prices bitcoin are falling down !! , but you will be quite a long wait. because bitcoin has increased and decreased unpredictable. so a good option is to use your money, and do not borrow.

chokesir

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Activity: 196

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fastdice.com The Worlds Fastest Bitcoin Dice

When you find a investment which is very good you should borrow money.
But make sure not to pay too much interest. Some guys here really overcharge it

HarryKPeters

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Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

Honestly I would never loan bitcoins from a stranger.
If i don't have the money I don't spent it. So for me it's never good to loan bitcoins or money.

Nahl

legendary

Activity: 1652

Merit: 1000

it depend when you will need it or for your business purpose it's good for borrow but do not ever borrow for gambling capital because if you did it it's very difficult to refund your borrow

James100t

member

Activity: 111

Merit: 10

For business purpose it is useful to borrow bitcoin.Other wise not.I think one man can borrow bitcoin only for his business. Naturally bitcoin is the digital invest method for digital goods.

bitlancr

hero member

Activity: 616

Merit: 500

Quote from: Altynbekova on January 03, 2016, 02:49:37 PM

Quote from: absy on January 03, 2016, 07:07:50 AM

when you are sure that you will multiply that ,, and you have no risk to pay the amount back

When are you sure? 70%, 90%.

I for one would never borrow be it bitcoin or fiat. In life certain things (bets, investments) seem to be a 100% go but then blow up in your face.

Well said. Having a loan is a burden. Because you have to pay it back else you lose more money (collateral or even a make a fine payment).
Avoiding loans should be your main concern.

BitcoinMarketStore

member

Activity: 70

Merit: 10

Why I prefer to borrow bitcoin? Simply because banks scam me over 38.000 euro: I borrowed 50.000 euro and used as collateral 80.000 of lower tier bond issued by the same bank. Some months ago I repay my loan by selling collateral @50% of their price: I was lucky for sell bond @ 50% too, because last month bank defaulted and the same bond worth Zero!!!! Bank issued is Banca Etruria.

So i prefer to borrow BTC for no more than 50% of amount of each orders I'm going to do for my shop. Then if possible I prefer to link my loan to a Fiat currency ( last loan I done this) for cover risk to pay more in case BTC price goes up.

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