make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum
Topic: When is it useful to borrow bitcoin? - page 42. (Read 78989 times)
its anytime,yes anytime its a good day to borrow your bitcoin,and nowdays is a good day,bitcoin price is raise up,and will be take profit when tommorow that price is higher.
make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum
make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum
When you're using it for a purpose which intends to make profits more than the Rate Of Interest you're ready to pay for the loan amount.Its often we come across loan situations in an extreme emergency ,mostly to buy something very helpful or maybe in rare cases to short term invest.Care should be taken that you don't end up paying a lot of interest to the lender as you know he will likely end up earning more in the long run.
Usually, people take loan when they need it to start a new business.
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
Loans here on forum were usually not that big, mostly they only take loan when they need something to buy online urgent, some also take loan for gambling reasons. But most of the times, people ask loans for private reasons
Usually, people take loan when they need it to start a new business.
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
The most loans here are quite low. I would never held my hand out to a stranger and beg for money.
If you are really in need of money, find a job and postpone your financial obligations.
I couldn't agree more. There is no need to borrow 5 bucksunless you need it for food (survival).
To borrow 5 bucks or start another micro loan is a waste of time for all parties involved (my opinion).
If you need money for a business go to a bank. They have educated advisors that will turn your business plan up and down, checking if it will profitable.
If you need money to buy some new jeans. Wait till you have collected enough money and buy it. Don't spend money you don't have.
If you need money to buy some new jeans. Wait till you have collected enough money and buy it. Don't spend money you don't have.
Usually, people take loan when they need it to start a new business.
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
The most loans here are quite low. I would never held my hand out to a stranger and beg for money.
If you are really in need of money, find a job and postpone your financial obligations.
Usually, people take loan when they need it to start a new business.
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it
It can be useful if you really need it for the time being
But you also gotta think about when you're going to pay it back and for how much you're borrowing for
But you also gotta think about when you're going to pay it back and for how much you're borrowing for
Don't take a loan if you're not sure you can pay back with intrest
I personally wouldn't barrow bitcoin from anyone
Why would you need to barrow anyway?
I personally wouldn't barrow bitcoin from anyone
Why would you need to barrow anyway?
When is useful to borrow what ever?! Just when u are sure u can return it. I think like that but also I didn't invest big, so sometimes if worth to try if u believe in something and u need some extra money to finish job.
Well, I got a loan from my friend, where he gives me 0.5 BTC (then worth $100) and I pay him back $110 in BTC. xD it just so happened that bitcoin jumped up two hundred bitcoin the next day
Some people speculate when Bitcoin price has a highly volatility. For example the price jumps from 200$ to 400$ as recently At 200$ a user borrows 1 BTC for one month for 0.5% a day. He speculates the price jumps and sells at $400. So, he made a good gain. i know two people which are doing business in this way. Risky but also worth the risk. Sometimes
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.
MARGINZ When you have no intention of paying it back?
Haha you got a point, its really useful and that makes you a scammer
But I doubt anyone can't get a loan easily without providing any collateral. So if you have no intentions of paying back, you'll probably don't get a loan. 
When you have no intention of paying it back?
Well, without reputation, loans on Bitcoins are very hard to get. If you have collateral, that would be an insurance against defaults. Hence, planning to default from the start is never a choice. 
When you have no intention of paying it back?
I don't think people should borrow bitcoin at all.
For me borrowing bitcoin as same as we give our interest to lender which mean we loss.
So make sure that the time is precise when you decide to borrow bitcoin or you'll get trouble when you did not repaid the debt
So make sure that the time is precise when you decide to borrow bitcoin or you'll get trouble when you did not repaid the debt
You need to borrow bitcoins when the need arises. However, you need to be careful when doing the borrowing since you may end up paying back more than double the amount of bitcoins you borrowed. Of late, bitcoin prices have been fluctuating due to the fact that most people have ventured into this business. With this in mind, there is need to carefully know your limits. Borrow bitcoins when all the possible alternatives have been tried and haven't produced fruits. You know the whole idea of borrowing is not always a good practice and should always be avoided at all cost.
Just borrow money when you really on need. Like to pay some bill or for medical issue.
And before borrowing some money, you need to find a way for pay them back with interest.
If it is not so important, don't take a loan.
That's true, for some case bitcoin is not suitable for lending platforms. That's why we better not take a loan both in BTC or fiat currencies.
And if someone take a loan from BTC, either the BTC price going up or down, they need to pay the loan money back + interest with BTC again. Never make loan with 'lock rates or price' contract. Believes me, it will make you loss. Beware of loan whale.
well, the whale wan to loan you is becuz they wan to gain benefit from you. that is why they want to get the most out of you. so you really have to know what are the terms and conditions otherwise you will realise you will be heavily in debt and difficult to pay back.
You need to borrow bitcoins when the need arises. However, you need to be careful when doing the borrowing since you may end up paying back more than double the amount of bitcoins you borrowed. Of late, bitcoin prices have been fluctuating due to the fact that most people have ventured into this business. With this in mind, there is need to carefully know your limits. Borrow bitcoins when all the possible alternatives have been tried and haven't produced fruits. You know the whole idea of borrowing is not always a good practice and should always be avoided at all cost.
Just borrow money when you really on need. Like to pay some bill or for medical issue.
And before borrowing some money, you need to find a way for pay them back with interest.
If it is not so important, don't take a loan.
That's true, for some case bitcoin is not suitable for lending platforms. That's why we better not take a loan both in BTC or fiat currencies.
And if someone take a loan from BTC, either the BTC price going up or down, they need to pay the loan money back + interest with BTC again. Never make loan with 'lock rates or price' contract. Believes me, it will make you loss. Beware of loan whale.
well, the whale wan to loan you is becuz they wan to gain benefit from you. that is why they want to get the most out of you. so you really have to know what are the terms and conditions otherwise you will realise you will be heavily in debt and difficult to pay back.
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