Topic: When is it useful to borrow bitcoin? - page 6. (Read 78966 times)
I think the best time to buy your bitcoins is absolute not right now because i know for sure that lots of people are going to sell so the price only will go up so and you should buy bitcoins at the lowest price.
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.
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.
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 borrow money for the sake of investments and you saw that you would possibly make profits on it then you should not hesitate to borrow money as long you know that you could able to repay it soon but for those things that are useless and you just want to borrow then its a really bad idea because you would have a hard to to repay it back.
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!
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.
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.
It’s useful for the very same reasons you borrow any other fiat currency in the world, the only problem its adoption and as such you cannot take a loan to buy a car or something, besides one of the problems with borrowing is that people do it for completely unnecessary reasons like buying something they don’t really need or gambling.
The most people here do ask a loan for gambling purposes, soo its a high risk associated, and had becomed essential to all the loans requests has to had a valid collateral, those who ignores this will always be scammed, a lot of accounts being dumped on the last months over the loans requests.If people are just going to borrow bitcoin for their gambling purposes then that is really not going to be a useful way of borrowing. Because how they are going to pay it if they are going to be unlucky as they gamble, even though they have collateral still it is going to be a good reputation if you are going to pay it exact with bitcoins too.
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
Borrow only that which you can return if you are not sure what your reason for borrowing is then there's no point in doing so. If your purpose is clear and you have a game plan that will yield you enough earnings to cover the costs then go ahead.
I usually borrow coins when I need them for an investment, or when I have a really good offer that I simply cannot resist. For example, a really good steam game is on sale for bitcoin, but I haven't got any bitcoins atm, so I borrow some.
We have our own decisions regarding on how we borrow money people for a certain circumtances that might happen unexpectedly. Well borrowing money for the sake of investment would be a good decision to do as long you know that you would make such profits and could able to repay the loan back.
I usually borrow coins when I need them for an investment, or when I have a really good offer that I simply cannot resist. For example, a really good steam game is on sale for bitcoin, but I haven't got any bitcoins atm, so I borrow some.
When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.
In short, when the price is low. That's the right time to borrow when the price immediately rose and you profit from it. That could also be risky if you don't have extra bitcoin, who knows, price might not rise to the level that you are expecting at a given time, for sure you will lose and need to add your bitcoin to what you borrow and pay.
When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.
what do you mean about "good"? that's very risky for borrowing amount for bitcoin in this day. the worst thing you can't need predicting about the condition of the btc in this time and you can't relying your payback into the profit for keep your btc in your wallet. It is useful to borrow BTC when you can pay it back before deadline and still make profit that worthes your efforts. You may also want to consider the advice that you should have a property that you are willing to put into collateral. As a lender, I prefer to loan people who provide fair transparency on their purposes, plans and progress. I always check their history, too.
Yup, that's right, if you could pay it before the deadline..With that said, for sure you earn much, and you will have a good reputation and minus the penalty, that's a big help if you won't be paying penalties... I too, if someone would borrow money if I have a spare, I always ask in where they will use it and if it is really for a worthy cause... Coz if it's just for them to buy what they want, I won't give any...
The most profitable time to borrow your bitcoins is off course on the lowest price of the bitcoin off course there are lots of other ways to earn in other ways but borrowing is not the best.
For me whatever is going to be the price of bitcoin whether it is on low price or high. It is not going to be helpful if you don't have valid reason for borrowing.
But if you are into investments with bitcoin and you are making for a day with bitcoin and you really need to borrow for it.
It is just going to be helpful if you are into trading of alt coins.
It’s useful for the very same reasons you borrow any other fiat currency in the world, the only problem its adoption and as such you cannot take a loan to buy a car or something, besides one of the problems with borrowing is that people do it for completely unnecessary reasons like buying something they don’t really need or gambling.
Most people borrow money because they only want to buy something that they could not buy because they lack money, or they want to gamble then borrowed the money, I think it is a bad idea. it will only hurt them alone, in terms of interest and of course the possibility to loseThats really a bad idea when you intend to borrow money because you want to buy something or spent it on useless things like playing gambling, it would surely put you on trouble when the payday would come unless if you have money to rely on to pay those loan but if not then you would really have a big problem for sure.
It’s useful for the very same reasons you borrow any other fiat currency in the world, the only problem its adoption and as such you cannot take a loan to buy a car or something, besides one of the problems with borrowing is that people do it for completely unnecessary reasons like buying something they don’t really need or gambling.
Most people borrow money because they only want to buy something that they could not buy because they lack money, or they want to gamble then borrowed the money, I think it is a bad idea. it will only hurt them alone, in terms of interest and of course the possibility to lose
It is useful to borrow BTC when you can pay it back before deadline and still make profit that worthes your efforts. You may also want to consider the advice that you should have a property that you are willing to put into collateral. As a lender, I prefer to loan people who provide fair transparency on their purposes, plans and progress. I always check their history, too.
Indeed lending money will always cost you more money than what you are lending due to that I think its in the most cases not a good idea to borrow money or bitcoins.
Its risky and also not very trust worthy because of the fact that it stays the bitcoin right ?
It is useful to borrow BTC when you can pay it back before deadline and still make profit that worthes your efforts. You may also want to consider the advice that you should have a property that you are willing to put into collateral. As a lender, I prefer to loan people who provide fair transparency on their purposes, plans and progress. I always check their history, too.
When the price is good you can borrow from somebody for long term if you feel bitcoin prise will change so much in this term and you can make more bitcoin with bitcoin you borrowed and it will be usefull for you.
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