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Author Topic: When is it useful to borrow bitcoin?  (Read 77529 times)
Monnt
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February 06, 2016, 10:59:00 AM
 #121

You could profit off a long term loan if you find a legitimate investment that pays out more than the interest the loan is charging you. Free monies ^_^

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MaxTax
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February 06, 2016, 02:29:02 PM
 #122

I think it is unwise to do so. Because the price now quite clear is very low so you have nothing to.
It is better if you wait and look at the price for the right moment.
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February 06, 2016, 02:58:11 PM
 #123

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.

You could take the risk right now!

You borrow btc for the next 6 months and you repay when the price will reach the highest value. It's like trading in fact, just got to have a rather stable value at a point which will be higher than when you borrowed plus the interests. But you might say it's a bit risk in a sense.

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February 07, 2016, 03:20:21 PM
 #124

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.

You could take the risk right now!

You borrow btc for the next 6 months and you repay when the price will reach the highest value. It's like trading in fact, just got to have a rather stable value at a point which will be higher than when you borrowed plus the interests. But you might say it's a bit risk in a sense.

I think its much better to borrow your bitcoins for a couple of months.
The price will rise for sure, although its always unpredictable but it will happen.
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February 07, 2016, 05:08:38 PM
 #125

I must say it is useful to borrow bitcoin if you are in need of something not so big but you need it badly, especially on transactions online. It happened to me before when I was buying a certain item on a shop name cashcashpinoy. I thought I already had the exact amount to pay for the good but bitcoin's fluctuating price made me short of money. Good thing I got a good friend from FB that lent me around 0.007 btc.
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February 07, 2016, 05:11:37 PM
 #126

I'd say that it is useful to borrow bitcoins if you need to buy something quickly, like if there's a discount on an object with a countdown, and if you won't be able to have the money needed before the end of the countdown.
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February 07, 2016, 09:03:12 PM
 #127

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.

You could take the risk right now!

You borrow btc for the next 6 months and you repay when the price will reach the highest value. It's like trading in fact, just got to have a rather stable value at a point which will be higher than when you borrowed plus the interests. But you might say it's a bit risk in a sense.

Yes its a pretty good idea to do it like that, but its also unpredictable what will happen.
Yes you should borrow them till the price will rise, the halving is also coming.
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February 08, 2016, 03:32:10 AM
 #128

You could profit off a long term loan if you find a legitimate investment that pays out more than the interest the loan is charging you. Free monies ^_^
Long term loan is risky due to the high volatile price. You may get busted. Besides that, what is called a legitimate investment is hard to identify. The business can turn to scam in any time.
I'd say that it is useful to borrow bitcoins if you need to buy something quickly, like if there's a discount on an object with a countdown, and if you won't be able to have the money needed before the end of the countdown.
Why not keep some bitcoin for yourself? The bitcoin lenders normally charges higher interest rate than fiat money, like 10% or more. What is the point of being hurry and paying more rather than having plan well. It will safe you a lot of money. 


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sishendaoye
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February 08, 2016, 09:33:03 AM
 #129

I think it is unwise to do that fact.
.The value is in fact now very low, so that's not good. But I believe later that it will be worth more. .
So perhaps it may do later.
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February 08, 2016, 09:48:47 AM
 #130

I don't think people should borrow bitcoin at all.

Just borrow fiat from your bank and fiat to btc.

I think that's also the best method for it.
Don't borrow your bitcoin.
In my opinion it would be very stupid, just use fiat to do it.
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February 10, 2016, 02:15:43 PM
 #131

I think it is not wise if you do that fact.
Because the value is in fact now very low and I think it will be worth more later.
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February 11, 2016, 01:16:35 PM
 #132

I think its useful to borrow you bitcoins if you know whats coming.
Of course the bitcoin is very unpredictable at this time.
But the time will learn us how the bitcoin is working. 
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February 11, 2016, 08:19:33 PM
 #133

Its always smart to borrow your bitcoins.

Not because it can make you profit.

But maybe if you need some bitcoins for the future or something.
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February 11, 2016, 11:04:33 PM
 #134

When you have a good investing plan and you are sure to backup the amout you borrowed and with profit but all the plans are like gambling it can be you lost in bitcoin world

For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
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February 12, 2016, 08:32:24 AM
 #135

I think it is useful if the value goes up. I think it's around this time is not so smart to do that.
Because I think that you do not so much profit can remove.
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February 12, 2016, 03:56:27 PM
 #136

Borrow has some risk for people, the get in debts.
I think its best to just borrow something if you really need it.
As an example if your vehicle is broken and you really need it.

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February 12, 2016, 04:32:35 PM
 #137

when you know that you need more bitcoin for trading,and you know you will get profit so many,this heppen when you know that some altcoin price will rise when you buy at low price.
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February 12, 2016, 04:44:28 PM
 #138

I think it's useful to borrow bitcoins when you need it and when you are sure you will receive payment in the short term to repay your loan, for example investing in some trusted trading platforms and predict you will make profit for sure, so you can borrow then

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February 12, 2016, 05:43:04 PM
 #139

well only when you very very need some money, since you will have to give back much more than you got, so borrow only when you must have some money



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bitlancr
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February 12, 2016, 10:05:41 PM
 #140

I should only borrow some bitcoins, if I'm in real trouble because of something like an broken car or some debts I have monthly. Otherwise I would not do it all.
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