It is never useful to borrow money or bitcoins as you have to give back more
There are very specific circumstances in which borrowing is useful and that is if you want to engage in a productive activity but you don’t have the cash in hand, in this day and age people borrow money just for the Lulz, but in the past this was the only valid reason to borrow. Well you are right with it, it is going to be useful to borrow if you are going to use it for your profitable activity. And you just need to make sure that you are going to make it real and get good some profits out of it. Because if you are not going to get good profit out of it then you are just going to work to pay your borrowed bitcoin with interest. At bitcoin lending i doubt the profitable activity is a need, we do lend our bitcoins to get some interest, something i consider less risked then invest into some altcoin, has i made in the past and lost several coins. Soo lending is something that may bring you profit, as long you work with colateral, otherwise you may be donating bitcoins instead lending. But the title itself says if you are going to be borrower not a lender, we all know that lending is a good source of income if you are going to enter that industry and just to make assurance that your borrower is going to pay we need to have something in return by means of collateral. But having a collateral is not literally means that you have assurance that you are going to earn because sometimes it is hard to sell that and it takes time. So thats why you make sure that the collateral you collected is more valuable or most buyable ones so if the barrower defaults his loan well you can sell the collateral immediately with a huge income will coming unto you, and i think all lenders think that to surely have an strategy for thereselves so they will not be fooled by those scammers or loan defaulter and to have an assurance to earn with this scheme. That is certainly true, all those who lend money will certainly be more careful in giving loans to those who are not yet known. But if they have a warranty or something to convince the borrower then they will certainly be happy to provide such loans. Because sometimes there are just scammers looking for opportunity For me, if you are going to borrow money just make sure you are going to be trusted by the lender too and building up a good relationship to your lender is going to be useful for you. And once you have good record to your lender, what you can do is that borrow money from him again and again because you both trust each other. |
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You can try investing in mining if that is profitable in your country. Also make sure to stay away from HYIP, Ponzi and Magic doublers. Stay clear of cloud-mining sites and other such scam. Also mining altcoin and then exchanging to bitcoin is a good method - in other words Trading.
Investing in mining does really need to have big amount of capital before you are able to have good profit with mining. You need to burn your wallet first or your bank account, but many are saying that mining is not profitable when your country is not having a free source of electricity. Because mining consumes too much of electricity. |
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At the moment the best way for me is signature campaign, less time and effort than other earning ways. But I'm looking for alternatives with higher rewards.
For me signature campaign is a good way to get bitcoin but it is not the best way for me as I am just earning few with bitcoins. That is why I am working from a lot of sources like trading, ptc's, freelancing. But trading is giving me a lot of income with bitcoin, so I would probably going to say that trading is the best way. |
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It would be really nice if Bitcoin become more popular and used in that year, but the hard thing is that it may still take a long time for Bitcoin to achieve price stabilization. The first steps need to be taken anyway.
Bitcoin is gaining popularity but its really difficult to expect a price stability in it, and if price gets stable then traders won't like it as it will never allow them to make regular profits. True, indeed fluctuations bitcoin heavily utilized by the traders. Because they will certainly benefit from the price fluctuations. But I hope that in 2017 many use bitcoin so it will be easier to use. Yeah for sure it is going to be easier to use if many people are already using bitcoin and as well as there are going to be a lot of stores that do accept bitcoins as payment. This is going to have a big impact for next years economy if this is going to happen. I am hoping that more fluctuations,increasing fluctuations are going to happen for next year. |
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I was a student , and it is very regrettable that in my school seemed like only a few children who know what it bitcoin for the future .. I hope bitcoin can be known by many people..  I know what you feels regarding the popularity of bitcoin in our own places. I can rely myself to your situation as I am also a student. Being few to know bitcoin for me is going to be a good advantage, because there is going to be small competition for bitcoin earners. I just want to make the adoption first to happen to local stores. |
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We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
The strong level now of bitcoin is cannot be measure. For what is happening everyday in bitcoin community its continue growing and the investors is multiplying also, that's is only shows that bitcoin is getting more stronger from time to time. I would say that bitcoins strength today is really great and it comes to the point that I am thinking that the price of bitcoin is going to reach the price of $1,000 before the end of the year. And I am believing that is going to happen even though there is a chance that it is not going to happen, but I believe one day it will. |
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Share with us what's your main reason for buying bitcoins?
No I'm not buying bitcoin, I always earned bitcoin and get it by simply joining in the signature campaign which has a potentials ico. and sometimes I applied bouty translation of language. There are many people who are only earning and not buying, but to take bitcoin's price to higher level we need to invest our money in it by buying for the better future of bitcoins. You are right with it, just like me. Even though I really want to buy bitcoins badly but with my situation I need to set that first on the side and need to focus more on the other payments that needs to have complete attention. But hopefully when I am done with these expenditures, I am going to buy bitcoins and I will just going to do nothing but holding it. |
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I am using it mainly for online transfer and on trading sites, as that is the place where I can more coins by trading and it also gives me profits on daily basis.
Me too I am using my bitcoins in trading sites because I am get addicted into trading and I find it very interesting if I am going to keep on doing it. Even though in reality I'm not a good trader, but still I am trying my best to have good strategy with bitcoins. And the rest of usage of my bitcoins are just for holding purposes. |
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I think bitcoin gives people opportunity to make some good money in the long run, and also in the short term. As the price keeps on fluctuating , the amount that you hold now can be doubled in the next few years , no other currency provides this possibility.
Exactly, and the best thing about it is that you can earn it in different ways if you multiply your source of earning then it will also multiply your outcome in terms of bitcoins. That is going to convince customers if you are going to explain that bitcoin is going to be a good source of income and there's a lot of opportunities to get it. And once they are already using it, they are also going to experience the convenience of using it. Because it is just going to take few minutes just to get confirmed for every transactions. |
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Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin/altcoin cannot help poor countries. But if the people will become open minded into it, there will be a chance to for a poor country to get rid of it to their poverty situation. if they can only build a big bitcoin community into that nation. Why not? I'm from a poor country, bitcoin can help me, and I know there are lots of people from my country also being helped. Well I am going to clarify that bitcoin is helping me since I am from poor country and I am a poor person. When I knew bitcoin it is really helped me a lot. And since I am still in college I am able to do both, trading with bitcoin and does able to study in college and I hope my country is going to realize that bitcoin is going to help a lot of people here. |
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I don't find any problem in using bitcoin at a moment, as I am only using it online and I am very much satisfied with it and if I have to buy something in real world then I don't hesitate in converting it to fiat.
Yes you are lucky not to have problems in bitcoin. I myself have experienced delivery delays in bitcoin so delayed until many days. It was very disturbing me because I badly needed funds in quick time. Maybe it's a matter of bitcoin have ever experienced. I too have experienced it. but today I already know the problem. when the delivery fee which I use very small. it's very influential. and until now I have never experienced a longer delay in delivery. Yes if you add appropriate fees then it will reduce the time of confirmation and it will hardly take 10 to 15 minutes for the transaction to get confirmed and that is not a problem at all. Yeah that is what I am doing one every time I am going to have transactions and going to use block chain. Instead of putting the exact amount to send. I am putting some additional fees because there is an error that you are going to read once you are just going to send all exact amount indicated to your bitcoin wallet address. |
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yes it should be really use it for good as much as possible. Actually we can earn bitcoin here for so many ways in term of as good method of investing in good site we have in bitcoin world.
Even we are going to promote that people must use bitcoin for good but still the fact is that there are certain people that are using bitcoin not for good. But I would say that we must not do the same as what they are doing. Because for me, bitcoin is really created for our own good, convenience so we just need to use it responsibly. |
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Well if by that year the price of bitcoin is going to be $10,000 for sure I am going to sell 90% the total amount of bitcoin that I am holding. I am going to use it for buying some properties or even my own car. And for the remaining amount of bitcoins, I am just going to keep on holding it and going to hope for continuous price increase.
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I want to fill the 1 slot left for full member.
Name: bhadz
Post count: 342
Rank: Full Member
Bitcoin address: 1CqhvS594i4FSsnesa4B2ZqC2f5AcVbCFD
Profile UID: 786113
I will signature code if accepted. Regards!
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Name: bhadz
Post count: 342
Rank: Full Member
Bitcoin address: 1CqhvS594i4FSsnesa4B2ZqC2f5AcVbCFD
Profile UID: 786113
I will signature code and avatar accordingly if accepted. Regards!
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I see there are 2 slots left for full member I want to take one of it.
Name: bhadz
Post count: 340
Rank: Full Member
Bitcoin address: 1CqhvS594i4FSsnesa4B2ZqC2f5AcVbCFD
Profile UID: 786113
Regards!
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I want to join betcoin.ag's signature campaign I hope I am eligible for this. Thank you op.
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I feel sad that IDS Option signature campaign is going to closed. I want to confirm that I have received the payment for this week.
I hope that you are going to comeback soon.
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Hi BIT.AC I want to join your signature campaign. I hope to be accepted. Name: bhadz Rank: Full Member BIT.AC account: bhadz027@gmail.comProfile UID: 786113 Thanks! |
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It is really not going to happen as of these days because bitcoin is still lack of adoption and the people are going to depend and choose more with the fiat money or local currency that they are using. But if this is going to happen it is just going to be possible that it is going to happen in year 2020's+ I guess but still we don't know.
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