When is it useful to borrow bitcoin? - page 5.

agustina2

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Quote from: el kaka22 on October 06, 2016, 05:21:10 AM

Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Loans are too good for business purposes even in short term. I have experience in both bitcoin loans and physical loans, both were very much handy to solve my emergency needs.

But going for loan for gambling or other similar purposes is not recommended as you will need to pay back with some interest from your salary/other income source. It means you are throwing out some money for the need of your entertainment. It is very bad.

My small business of sari sari store came from a loan. The terms are not that long and I already able to pay back + interest on time.

We must take loans if we really need it not just on self interest. For business purposes we must put seriousness on that business so that we can able to pay back on time.

milewilda

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Quote from: South Park on October 06, 2016, 03:53:43 PM

Quote from: dunfida on October 06, 2016, 02:20:28 AM

Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those kind of borrowing money would be very useful and wise thing to do because you use it for business purposes and you could able to gain profit with it. Borrowing money for the sake of gambling then as you said its really a shit thing to do and you make yourself put into a big problem in the future,

Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money for gambling is not a good idea on any way because it would put you into deep debt on long run especially when you are using it for gambling and as we all know that gambling would definitely lose up our money and doesnt guarantee sure profits.

South Park

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Quote from: dunfida on October 06, 2016, 02:20:28 AM

Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those kind of borrowing money would be very useful and wise thing to do because you use it for business purposes and you could able to gain profit with it. Borrowing money for the sake of gambling then as you said its really a shit thing to do and you make yourself put into a big problem in the future,

Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

arseaboy

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Quote from: serjent05 on October 06, 2016, 11:03:32 AM

Quote from: romero121 on October 06, 2016, 10:25:15 AM

When one think of borrowing bitcoin, he needs a scheduled plan to retain a profit to repay the interest for the borrowed amount. If this doesn't work he should have an alternate plan to pay it back else borrower is the sufferer.

WWell this is given if the one who loan can't pay the money or bitcoin on time. That is why there is a penalty charged for delayed payment. It is also given that when you loan,there is this list of the mode of payment the borrower have to choose. Then, when all is settled and both parties agreed on the contract then it is executed releasing the loan and the payment schedules.

the aggrement will tie both parties i guess it the best ways to practice loan services, we can do that in times that we really needed btc, i will barrow btc when some good alt coin project was showing good movements that the best time to barrowed for investment and re pay after earnings.

serjent05

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Quote from: romero121 on October 06, 2016, 10:25:15 AM

When one think of borrowing bitcoin, he needs a scheduled plan to retain a profit to repay the interest for the borrowed amount. If this doesn't work he should have an alternate plan to pay it back else borrower is the sufferer.

WWell this is given if the one who loan can't pay the money or bitcoin on time. That is why there is a penalty charged for delayed payment. It is also given that when you loan,there is this list of the mode of payment the borrower have to choose. Then, when all is settled and both parties agreed on the contract then it is executed releasing the loan and the payment schedules.

raven7886

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Quote from: Bitcoinbro on October 06, 2016, 06:02:14 AM

Borrowing bitcoin is as dangerous as borrowing money never do it unless you have to do see a good chance you can make money with.
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract.

in bitcoin world usually people borrow or try to borrow bitcoin for gambling purposes. I saw in lending section so many newbies and low ranked users ask for money and don't have any valid collateral and proof of repayment.. if anyone of them reading my post I suggest them never borrow bitcoin for gambling because you have to pay back the money and if you loose the money you'll be in trouble in repayment.

romero121

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When one think of borrowing bitcoin, he needs a scheduled plan to retain a profit to repay the interest for the borrowed amount. If this doesn't work he should have an alternate plan to pay it back else borrower is the sufferer.

Doamader

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Quote from: el kaka22 on October 06, 2016, 05:21:10 AM

Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Loans are too good for business purposes even in short term. I have experience in both bitcoin loans and physical loans, both were very much handy to solve my emergency needs.

But going for loan for gambling or other similar purposes is not recommended as you will need to pay back with some interest from your salary/other income source. It means you are throwing out some money for the need of your entertainment. It is very bad.

At this forum in the general people do request the loans for gambling purposes, just a few 5% really needs those loans for something more serious like pay a bill or emergency funds to cover some issue.

Bitcoinbro

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Borrowing bitcoin is as dangerous as borrowing money never do it unless you have to do see a good chance you can make money with.
Be careful when borrowing out money aswell cause it's very easy to get scammed always research the person first and make a contract.

el kaka22

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Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Loans are too good for business purposes even in short term. I have experience in both bitcoin loans and physical loans, both were very much handy to solve my emergency needs.

But going for loan for gambling or other similar purposes is not recommended as you will need to pay back with some interest from your salary/other income source. It means you are throwing out some money for the need of your entertainment. It is very bad.

dunfida

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Quote from: chaser15 on October 06, 2016, 12:42:32 AM

Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those kind of borrowing money would be very useful and wise thing to do because you use it for business purposes and you could able to gain profit with it. Borrowing money for the sake of gambling then as you said its really a shit thing to do and you make yourself put into a big problem in the future,

chaser15

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Quote from: South Park on October 05, 2016, 04:15:42 PM

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

ElpadroBitcoin

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Quote from: South Park on October 05, 2016, 04:15:42 PM

Quote from: DomesticTrader on October 04, 2016, 09:15:32 PM

Quote from: RobinHoodster on October 04, 2016, 05:07:22 PM

Quote from: Wandering Soul~ on October 04, 2016, 10:27:33 AM

You should borrow bitcoins when you have a valid reason and do some research of what kind of loan you are going to use and especially the interest. To be honest it's too risky to borrow or even lend bitcoins here, it's just too risky

Indeed when you need it and you got a good reason to do it it would be worth it but if this is only for the cash I would simply not do it at all because it will than be not worth it.

Yes if you are doing it for the reason that you just need money it would not be worth it and even be stupid to do.
If you have an idea that can be profitable and you need to lend money, I would say go for it!

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

I'm thinking the same if you are having a sort of plan to make more money with the money your are borrowing its a good chance but if this is not the point it would not be worth it..

South Park

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Quote from: DomesticTrader on October 04, 2016, 09:15:32 PM

Quote from: RobinHoodster on October 04, 2016, 05:07:22 PM

Quote from: Wandering Soul~ on October 04, 2016, 10:27:33 AM

You should borrow bitcoins when you have a valid reason and do some research of what kind of loan you are going to use and especially the interest. To be honest it's too risky to borrow or even lend bitcoins here, it's just too risky

Indeed when you need it and you got a good reason to do it it would be worth it but if this is only for the cash I would simply not do it at all because it will than be not worth it.

Yes if you are doing it for the reason that you just need money it would not be worth it and even be stupid to do.
If you have an idea that can be profitable and you need to lend money, I would say go for it!

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

Sandroxa

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Borrow bitcoins can best be done at the moment when the price of the bitcoin is at his lowest point you know lot of peopel are not interested into the price while buying but they have to !

Oilacris

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Borrowing money or bitcoin would be useful if you decide to borrow to engage to a new investment which could able to make you profit and you could pay back directly the loan you made to someone.

abayan

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Quote from: tabas on October 04, 2016, 11:45:30 PM

Quote from: Doamader on October 04, 2016, 06:20:24 PM

Quote from: RobinHoodster on October 04, 2016, 05:07:22 PM

Quote from: Wandering Soul~ on October 04, 2016, 10:27:33 AM

You should borrow bitcoins when you have a valid reason and do some research of what kind of loan you are going to use and especially the interest. To be honest it's too risky to borrow or even lend bitcoins here, it's just too risky

Indeed when you need it and you got a good reason to do it it would be worth it but if this is only for the cash I would simply not do it at all because it will than be not worth it.

The most loans requests at this forum are used to gambling and sporting bets, some users do repay early then the period they ask for the repayment. Some people really need the loans and use it to repay for something before they get their payment.

Yeah most of the loaners are going to borrowing some bitcoins for them to cover up their other unpaid loans. And as long as they are able to provide some collateral then the lenders are going to help them for their needs. But I think for those people who are loaning just to gamble even they are paying earlier that is not helpful.

Sort of! almost of the loaners loan because of gambling because if they dont loan then they cant play. They are trying to earn and get back their money or make it more big like making it 2x. But in the end they loose how did they pay their loan? It is okay if they have a lot of income but if nothing?

MaritiJames3

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It is useful to borrow bitcoin when you have a chance to make more bitcoin with the bitcoin you borrowed so you can payback and have a lot of profit left.
For example when bitcoin prices are very low then you borrow some and wait a bit for them to go up so you have a big profit.

sishendaoye

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Quote from: NewInCryptoCurrency on September 12, 2016, 02:20:00 AM

You need to borrow bitcoins at the best moment such as when the price of the bitcoin is at his lowest and that is the only thing i know when it is usefull to borrow the bitcoins.

That doesn't work cause when you borrow 5 bitcoin then they want their 5bitcoin back no matter what the value i would think.
Or maybe you can buy 5 for low price then sell at high and then buy more back and have profit like that.

Cozynunu

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Do you really think that the bitcoin can be bought right now i would never buy bitcoins at a price of 600 dollar because that is to high you can better wait till it drops but we wont know when that will happen off course.

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