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Author Topic: When is it useful to borrow bitcoin?  (Read 78116 times)
Blue_Tiger73
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January 03, 2016, 11:49:26 AM
 #101

Only if you need to pay of a loan quickly. Otherwise buy Bitcoin.
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January 03, 2016, 12:07:50 PM
 #102

when you are sure that you will multiply that ,, and you have no risk to pay the amount back



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January 03, 2016, 07:49:37 PM
 #103

when you are sure that you will multiply that ,, and you have no risk to pay the amount back

When are you sure? 70%, 90%.

I for one would never borrow be it bitcoin or fiat. In life certain things (bets, investments) seem to be a 100% go but then blow up in your face.
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January 03, 2016, 11:34:20 PM
 #104

Why I prefer to borrow bitcoin? Simply because banks scam me over 38.000 euro: I borrowed 50.000 euro and used as collateral 80.000 of lower tier bond issued by the same bank. Some months ago I repay my loan by selling collateral @50% of their price: I was lucky for sell bond @ 50% too, because last month bank defaulted and the same bond worth Zero!!!!  Bank issued is Banca Etruria.

So i prefer to borrow BTC for no more than 50% of amount of each orders I'm going to do for my shop. Then if possible I prefer to link my loan to a Fiat currency ( last loan I done this) for cover risk to pay more in case BTC price goes up.
bitlancr
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January 04, 2016, 08:47:52 PM
 #105

when you are sure that you will multiply that ,, and you have no risk to pay the amount back

When are you sure? 70%, 90%.

I for one would never borrow be it bitcoin or fiat. In life certain things (bets, investments) seem to be a 100% go but then blow up in your face.

Well said. Having a loan is a burden. Because you have to pay it back else you lose more money (collateral or even a make a fine payment).
Avoiding loans should be your main concern.
James100t
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January 28, 2016, 03:11:12 PM
 #106

For business purpose it is useful to borrow bitcoin.Other wise not.I think one man can borrow bitcoin only for his business. Naturally bitcoin is the digital invest method for digital goods.

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January 29, 2016, 09:12:33 AM
 #107

it depend when you will need it or for your business purpose it's good for borrow but do not ever borrow for gambling capital because if you did it it's very difficult to refund your borrow

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HarryKPeters
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January 29, 2016, 10:15:12 PM
 #108

Honestly I would never loan bitcoins from a stranger.
If i don't have the money I don't spent it. So for me it's never good to loan bitcoins or money.

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January 31, 2016, 09:16:07 PM
 #109

When you find a investment which is very good you should borrow money.
But make sure not to pay too much interest. Some guys here really overcharge it

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February 01, 2016, 02:51:51 PM
 #110

when prices bitcoin are falling down !! , but you will be quite a long wait. because bitcoin has increased and decreased unpredictable. so a good option is to use your money, and do not borrow.


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martinacar
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February 03, 2016, 04:32:45 PM
 #111

Its useful on this moment, the bitcoin is low at the moment.
But the bitcoin will rise to a higher price so we just need to wait for its price rise.
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February 03, 2016, 04:45:12 PM
 #112

Here it's possible to get a loan if you can keep your account as a collateral but if you are in an emergency and need a huge amount, the only possibility is to get fiat from a bank else borrow money from a friend. Getting bitcoins in an emergency is not always possible unless you have a regular exchanger who can lend you funds anytime. You can try localbitcoins but there as well you will need to exchange money to get bitcoins.


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February 04, 2016, 03:27:03 PM
 #113

I think its never useful. Because Bitcoin has now a low price, very low. Its better to have you own Bitcoin.
If you have you Bitcoin you can sell it later and wait for it is more worth. So you need patience.

bitlancr
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February 04, 2016, 08:30:00 PM
 #114

Its can by handy if you borrow them for later, the future of the bitcoin is pretty good and the halving is also coming. I think you need to borrow them for later mate.
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February 04, 2016, 08:31:10 PM
 #115

I think its very useful.

You can store them and make profit later.

Just think like a long term invest.
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February 05, 2016, 08:51:26 AM
 #116

Its useful to borrow when you think the bitcoin will rise to a high price.
In my opinion the price will rise to a high amount in the future months, we just need to wait.
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February 05, 2016, 08:53:46 AM
 #117

It's useful to borrow Bitcoins if you see that there's an opportunity for a good returns when converted back to fiat. A good example is if someone is selling an item and accepts only Bitcoins but you see that the price is very cheap and an opportunity to sell at higher price, I would borrow.
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February 05, 2016, 10:17:19 AM
 #118

Only if you need to pay of a loan quickly. Otherwise buy Bitcoin.

I think its useful on a long term, the bitcoin will rise in the future so that's a good thing.
I think we just need to wait till the price will go to a high number, just hold your BTC.
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February 05, 2016, 11:32:52 AM
 #119

Only if you need to pay of a loan quickly. Otherwise buy Bitcoin.

I think its useful on a long term, the bitcoin will rise in the future so that's a good thing.
I think we just need to wait till the price will go to a high number, just hold your BTC.

You could also borrow btc to repay later if you base your exchange on fiat!  Grin

Like: "I borrow 1000$ in btc and will repay 1100$ in 6 months in btc"
if btc go up enough, you'll profit from btc rise by repaying less btc than what you borrowed :3

bitlancr
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February 05, 2016, 03:50:56 PM
 #120

I think that now is not a good idea. Bitcoin namely now has a quite low price and I think the later is going to rise. But if it is going to rise then I think it will take very long.
Because he does not rise as fast as I think.
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