When is it useful to borrow bitcoin? - page 9.

boyptc

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Quote from: maydna on September 26, 2016, 01:08:24 AM

i think if we are really sure that the rate will be increase so high, then we can borrow some bitcoin into our friends and when the rate is reach the highest rate, then you can give what you borrow with your friends and you still have bitcoin in your wallet and you make a good profit that.

That is not a good idea and for sure your friends aren't going to agree that you are going to borrow without interests rate. And if your purpose is just like that for holding then don't borrow bitcoin. Better if you are going to buy a lot of bitcoins if your purpose is just going to wait for the price increase in able to get some profit.

Doamader

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Quote from: CryptoBjorn on September 26, 2016, 05:33:01 PM

Quote from: martinacar on September 26, 2016, 06:15:15 AM

It is useful to borrow bitcoin when you have a plan and need funds for that plan. But beware that if this plan fails you have money to pay back and also rent.
You always need a backup plan when borrowing money cause if you don't pay back quick rent can stack and you can lose alot of money.

You are right about that, if you need the money for something this can be an option you can take but I think its not smart.
The fact is that borrowing means also you have to pay it back and its also that its not smart because you most likely have to pay monthly for it too.

Usually people do ask loans here to gambling, and some of them are able to make a good profit with their bets, i do believe they bet at sports anyway sure only if need should require a loan.

CryptoBjorn

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Quote from: martinacar on September 26, 2016, 06:15:15 AM

It is useful to borrow bitcoin when you have a plan and need funds for that plan. But beware that if this plan fails you have money to pay back and also rent.
You always need a backup plan when borrowing money cause if you don't pay back quick rent can stack and you can lose alot of money.

You are right about that, if you need the money for something this can be an option you can take but I think its not smart.
The fact is that borrowing means also you have to pay it back and its also that its not smart because you most likely have to pay monthly for it too.

martinacar

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It is useful to borrow bitcoin when you have a plan and need funds for that plan. But beware that if this plan fails you have money to pay back and also rent.
You always need a backup plan when borrowing money cause if you don't pay back quick rent can stack and you can lose alot of money.

abayan

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Quote from: daniahya on September 25, 2016, 05:54:00 PM

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Quote from: coynedterm on September 25, 2016, 12:23:04 AM

borrowing btc is never a good idea . because we further need to give back plus with its interest for borrow . it is better to earn own and remain in your earning limit instead to get made for money by using other .

Yes that is also a risky thing so my opinion borrowing bitcoin is not useful at all. Whether you are going to have good purpose for borrowing. For me borrowing bitcoins is just the same and not to be good as borrowing in fiat money. That is just going to put you in debt and as well as going to remove the trust of people you if you have failed to pay it.

It's true you better not borrow bitcoin because it would be useless if you don't have a strategy to manage the bitcoin you borrow

Exactly because borrowing is just going to make you something to think of before you are going to sleep. And when you don't have source of getting bitcoin and you have borrowed it to a lender that is going to be big problem for you. So if you don't want to have another problem it is better if you are just going to stop borrowing.

But the only problem is if you dont borrow you can't pay you stuff or the purpose why you borrow bitcoin and you always thinkingbwhat will you do but also you are right after you borrow thats the problem how will you pay you dept if you dont have source of funds. Borrow if you can pay

maydna

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i think if we are really sure that the rate will be increase so high, then we can borrow some bitcoin into our friends and when the rate is reach the highest rate, then you can give what you borrow with your friends and you still have bitcoin in your wallet and you make a good profit that.

Doamader

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The best and the worse thing is to handle people, with their support we can build and keep any business, but its hard to preditc who will repay the loan, even being senior or hero, there are scammers whith acces to such accounts, as well people selling their accounts.

daniahya

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Quote from: coynedterm on September 25, 2016, 12:23:04 AM

borrowing btc is never a good idea . because we further need to give back plus with its interest for borrow . it is better to earn own and remain in your earning limit instead to get made for money by using other .

Yes that is also a risky thing so my opinion borrowing bitcoin is not useful at all. Whether you are going to have good purpose for borrowing. For me borrowing bitcoins is just the same and not to be good as borrowing in fiat money. That is just going to put you in debt and as well as going to remove the trust of people you if you have failed to pay it.

It's true you better not borrow bitcoin because it would be useless if you don't have a strategy to manage the bitcoin you borrow

20kevin20

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You should only borrow Bitcoin if you REALLY need it ASAP. If you don't, try to earn through other methods: signature campaigns, services, e-jobs.

NordicRanger

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I find it never usefull to loan any more. For me getting through life is the most important thing I have to do. Waking up and thinking you have a debt is terrible. I just hope that you make a wise decision before you get yourself in debt.

coynedterm

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borrowing btc is never a good idea . because we further need to give back plus with its interest for borrow . it is better to earn own and remain in your earning limit instead to get made for money by using other .

daniahya

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Quote from: carlfebz2 on September 24, 2016, 10:43:29 PM

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Quote from: dunfida on September 24, 2016, 09:22:53 AM

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Quote from: Newcoins2020 on September 23, 2016, 09:42:09 AM

Maybe if you really need the money its worth it but overall I do not think its worth borrowing something like that, its not just something you can do simply.
I think that borrowing bitcoins is very risky.

I agree borrowing bitcoin is very risky because there are some lenders and as well as borrowers that are tend to be scammers. So it is not a good thing if you are going to borrow bitcoins but if you badly needed it for something profitable like trading. Then that is the only way to make borrowing useful for everyone.

You are right , lending business is a risky thing since you wont know who would be the potential scammer between on your transaction and also you dont know too much of the person that you would lend your money or to lend you money. Borrowing money would be the last resort if you see a situation or assure your self that you could able to pay your debt in no time.

Sure isnt the best area to try to earn bitcoins, lendings might end bad as the scammers always search an opportunity to take our bitcoins for them, dumping their account as colateral. But there are many lenders at this forum, each one with their own rates, but in the end we are trying all to make something good with bitcoins, being lending to someoene be able to bet and repay, or anything else.

Thats why lending services is also and investments since theres a risk and there are people do engage with this business and they are managing the risk involved especially on this field because the chance of being scammed is high but still they are persistent to sustain about this business in the sake that they are already earning bitcoin with this way.

borrow bitcoin I feel a bad way because what many once who commits fraud except those who borrow have guarantee

carlfebz2

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Quote from: Doamader on September 24, 2016, 10:40:55 AM

Quote from: dunfida on September 24, 2016, 09:22:53 AM

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Quote from: Newcoins2020 on September 23, 2016, 09:42:09 AM

Maybe if you really need the money its worth it but overall I do not think its worth borrowing something like that, its not just something you can do simply.
I think that borrowing bitcoins is very risky.

I agree borrowing bitcoin is very risky because there are some lenders and as well as borrowers that are tend to be scammers. So it is not a good thing if you are going to borrow bitcoins but if you badly needed it for something profitable like trading. Then that is the only way to make borrowing useful for everyone.

You are right , lending business is a risky thing since you wont know who would be the potential scammer between on your transaction and also you dont know too much of the person that you would lend your money or to lend you money. Borrowing money would be the last resort if you see a situation or assure your self that you could able to pay your debt in no time.

Sure isnt the best area to try to earn bitcoins, lendings might end bad as the scammers always search an opportunity to take our bitcoins for them, dumping their account as colateral. But there are many lenders at this forum, each one with their own rates, but in the end we are trying all to make something good with bitcoins, being lending to someoene be able to bet and repay, or anything else.

Thats why lending services is also and investments since theres a risk and there are people do engage with this business and they are managing the risk involved especially on this field because the chance of being scammed is high but still they are persistent to sustain about this business in the sake that they are already earning bitcoin with this way.

Doamader

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Quote from: dunfida on September 24, 2016, 09:22:53 AM

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Quote from: Newcoins2020 on September 23, 2016, 09:42:09 AM

Maybe if you really need the money its worth it but overall I do not think its worth borrowing something like that, its not just something you can do simply.
I think that borrowing bitcoins is very risky.

I agree borrowing bitcoin is very risky because there are some lenders and as well as borrowers that are tend to be scammers. So it is not a good thing if you are going to borrow bitcoins but if you badly needed it for something profitable like trading. Then that is the only way to make borrowing useful for everyone.

You are right , lending business is a risky thing since you wont know who would be the potential scammer between on your transaction and also you dont know too much of the person that you would lend your money or to lend you money. Borrowing money would be the last resort if you see a situation or assure your self that you could able to pay your debt in no time.

Sure isnt the best area to try to earn bitcoins, lendings might end bad as the scammers always search an opportunity to take our bitcoins for them, dumping their account as colateral. But there are many lenders at this forum, each one with their own rates, but in the end we are trying all to make something good with bitcoins, being lending to someoene be able to bet and repay, or anything else.

purebitco

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It is never good to borrow bitcoins, in fact: it is never good to borrow any kind of money since you will have to give much more then you got. avoid it if possible

Labumi

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Quote from: Sarthak on September 24, 2016, 09:29:44 AM

When you don't want to spend cash and you need to pay your phone bills, then you can ask for a loan to recharge your phone credit. At least thats what I use it for, sometimes.

Yeah that is true, but I think it is one of the things that really isn't necessary. because we can certainly do it all without having to borrow a BTC or cash, because the funds must be removed I think it is extremely cheap compared to our lifestyle

Sarthak

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When you don't want to spend cash and you need to pay your phone bills, then you can ask for a loan to recharge your phone credit. At least thats what I use it for, sometimes.

dunfida

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Quote from: Newcoins2020 on September 23, 2016, 09:42:09 AM

Maybe if you really need the money its worth it but overall I do not think its worth borrowing something like that, its not just something you can do simply.
I think that borrowing bitcoins is very risky.

I agree borrowing bitcoin is very risky because there are some lenders and as well as borrowers that are tend to be scammers. So it is not a good thing if you are going to borrow bitcoins but if you badly needed it for something profitable like trading. Then that is the only way to make borrowing useful for everyone.

You are right , lending business is a risky thing since you wont know who would be the potential scammer between on your transaction and also you dont know too much of the person that you would lend your money or to lend you money. Borrowing money would be the last resort if you see a situation or assure your self that you could able to pay your debt in no time.

Newcoins2020

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Maybe if you really need the money its worth it but overall I do not think its worth borrowing something like that, its not just something you can do simply.
I think that borrowing bitcoins is very risky.

dunfida

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Quote from: Supercrypt on September 23, 2016, 04:28:06 AM

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Quote from: JITENDERPAR3 on September 22, 2016, 09:24:18 PM

Quote from: Antesth on September 20, 2016, 05:49:25 AM

It is never so useful to borrow bitcoin cause borrowing bitcoin means you have to pay it back plus the rent too.
Only borrow when you really have to borrow and need to use it.

you are right , but here the matter is about need of borrow btc and save from scamming . if we are in profit with taking borrow of btc amd after return then there is no problem we should take btc loan at suitable interest .

both of you right , but here i will suggest to everyone that always borrow loan at btcjam because there you can get bet offers and trusted person . here you need to beg but there you will find at you bidding .

No need to beg whenever you are having proper collateral for your loan requirement. But when people are going for the loans without proper reputation with their rank and without proper collateral, might be facing problems. But that must be most needed actions in order to get rid of scammers.

Having a strong collateral would somehow assure yourself that you would definitely get a loan from someone as long you set a particular amount that is lesser to the value on your collateral because most lendors would like to accept collaterals which value 120%-140% to your desired loan amount.

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