When is it useful to borrow bitcoin? - page 41.

Altynbekova

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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.

absy

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★Bitvest.io★ Play Plinko or Invest!

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

Blue_Tiger73

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

Indrawan77

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I think taking a loan is not a good idea, unless you already know a good investment and make sure that place is not a scam and you must make sure your investment can cover your loan interest

FaucetRank.com

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I think most people borrow bitcoins for alt coin trading ?

nagatraju

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Can I get a Small Loan here? If any one help me in this matter, Please PM me.

XinXan

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Quote from: EdenHazard on November 30, 2015, 06:09:48 AM

Quote from: caliboy37 on November 29, 2015, 07:08:18 PM

Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.

Optimistic boy! I guess its bad idea borrowing bitcoin in long term.
Not many people want to lend out their bitcoin for a long time.

If you have a strong collateral they might but you could just sell the collateral honestly, I don't see any advantage in getting long term loans, in 1 year you would definitely be able to buy bitcoins so why borrow them?

WizKhalifa

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It is useful if you can get a low interest rate and have a way to make more money than you are borrowing - obviously. I don't borrow here but there are lending sites that I like to use for both borrowing and lending. I meet people there that I trust. One good one is LoanBase

Straux

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You take a loan of small interest do pay back a loan of big interest Cheesy

repeat this until your interest is barely anything. Lol.

Some people take loans for gambling, I've tried once and ended up hundreds in debt.

ThePlan

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borrowing bitcoin is considered useful if it helped you in someways that is very important, example is if you need it to renew a domain, renew an account, pay for something that is important to you like utilities or house rent or monthly amortization

Farma

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Leading Crypto Sports Betting & Casino Platform

if according to my experience, I just borrow bitcoin at critical moments, such as at the moment I do not have the money or bitcoin trading and I want to play, at times like that borrowing becomes very important bitcoin Cheesy

PesiHUN

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if u can make a big income fast and pay it back and still have good money

poplolnman

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Quote from: yenxz on December 01, 2015, 01:42:26 PM

You better collect bitcoin than borrow,earn bitcoin as you can,store it,collect it and you will dont have lend.

Borrowing bitcoin sometimes help people when they have a trouble to buy bitcoin with their fiat money and they want to spend bitcoin urgently. Just like what happened to me last week, fortunately so many generous member around here in this forum help me out.

redhack

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I think borrowing Bitcoin has big risks. If price rises too fast you can't pay your debt. I didn't need before but if I have no other choice then I'd never borrow big amounts in Bitcoin currency.

yenxz

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You better collect bitcoin than borrow,earn bitcoin as you can,store it,collect it and you will dont have lend.

EdenHazard

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Quote from: caliboy37 on November 29, 2015, 07:08:18 PM

Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.

Optimistic boy! I guess its bad idea borrowing bitcoin in long term.
Not many people want to lend out their bitcoin for a long time.

quentincole32

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of course when bitcoin price is higher than tomorow,and that time you dont have any bitcoin,and sell it when you think it was a higest price,and when you looking for information,you will get fact that bitcoin will down again.

caliboy37

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Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.

wikenpp

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Quote from: tom555 on November 29, 2015, 01:09:03 AM

1. when you need fast money,and no one lend you cash money,bitcoin will the best option.
2. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
3. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

This is the only legit reason to loan. ALthough it is risky but it could be quite profitable. You don't need much expertise is any field just buy and sell it for higher..

Quite easy right.

tom555

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1. when you need fast money,and no one lend you cash money,bitcoin will the best option.
2. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
3. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

Topic: When is it useful to borrow bitcoin? - page 41. (Read 78989 times)