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Author Topic: When is it useful to borrow bitcoin?  (Read 77517 times)
Dekker3D
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February 19, 2016, 06:24:22 AM
 #161

Probably borrow bitcoins before the halving, let the halving double its bitcoin price then before the price go down sell it. Since you have to pay in bitcoin as well, buy bitcoins once the price settled down.

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sishendaoye
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February 19, 2016, 10:15:45 AM
 #162

Borrowing your bitcoin can be good but only if you really need something.
If you are not in a need of something do not borrow bitcoins, you also should not borrow large amounts pf bitcoin, it would be stupid.
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February 19, 2016, 03:02:43 PM
 #163

Borrowing your bitcoin can be good but only if you really need something.
If you are not in a need of something do not borrow bitcoins, you also should not borrow large amounts pf bitcoin, it would be stupid.
Indeed borrow a Bitcoin around this time should be not so good. I think that it will rise soon. You only must do it in emergency.
I think that it will be more worth later so you can sell it or buy it now for the investment.
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February 22, 2016, 01:24:53 PM
 #164

Lending  money at this forum has became a good business for the most,even working with accounts as colateral,to get a good account it takes over 8months to reach sr member,and well signatures are paying less then the last year but keep paying making  any account worth some bitcoins.
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February 22, 2016, 02:29:26 PM
 #165

It can be pretty useful but its also that you can lose bitcoin because of it, if you really need money you can do it but only if you really need money.
I think as a example you can borrow when your are in trouble because you can't pay your rent or something.
enhu
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February 23, 2016, 04:36:35 PM
 #166

You don't really need an escrow when borrowing coins from someone but collateral.
when you intend to play dice and you thought its your lucky day, you might just consider getting loan that's when its useful to borrow coins but still the consequences is much greater especially when you lose.

i end up borrowing when i was short of cash to renew my domains, this i think borrowing can be much helpful to me.

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tommorisonwebdesign
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February 23, 2016, 04:51:37 PM
 #167

Probably borrow bitcoins before the halving, let the halving double its bitcoin price then before the price go down sell it. Since you have to pay in bitcoin as well, buy bitcoins once the price settled down.
That is actually not a bad idea. The question now is where to borrow the Bitcoin. BTCJam does not honor Bitcoin's volatility.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
Alvin Fahriza
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February 24, 2016, 03:49:19 AM
 #168

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

I think the borrowing does not have to when a state of urgency or are experiencing problems, you can borrow money for working capital,

martinacar
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February 24, 2016, 02:06:23 PM
 #169

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

I think the borrowing does not have to when a state of urgency or are experiencing problems, you can borrow money for working capital,
On this time it is not so smart to do that. The value now is quite low and that is not good.
Maybe if you wait a little longer than you can do it if the value has rise more in the future.
Mastsetad
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February 24, 2016, 02:51:11 PM
 #170

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

If you can make more profit by leveraging with the borrowed money, it is ok to do if you do not properly.
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February 24, 2016, 03:28:09 PM
 #171

I feel borrowing is good when you have a targeted plan in which with the borrowed bitcoin you can make profit as well pay back regularly to the person from you borrowed bitcoin.

Alvin Fahriza
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February 25, 2016, 01:35:15 AM
 #172

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

I think the borrowing does not have to when a state of urgency or are experiencing problems, you can borrow money for working capital,
On this time it is not so smart to do that. The value now is quite low and that is not good.
Maybe if you wait a little longer than you can do it if the value has rise more in the future.
LOL
if you want to do business. I do not think it needs to ignore the current prices. because you can profit from your business

Bitcoinbro
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February 25, 2016, 02:26:41 PM
 #173

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

I think the borrowing does not have to when a state of urgency or are experiencing problems, you can borrow money for working capital,
On this time it is not so smart to do that. The value now is quite low and that is not good.
Maybe if you wait a little longer than you can do it if the value has rise more in the future.
LOL
if you want to do business. I do not think it needs to ignore the current prices. because you can profit from your business
It is now not so smart to borrow it and that is not so good now on this time. You must do that if you are in emergency other wise dont do that.
You can better wait and just look at the value. The value is now rising slowly and that is good.
BitsandBites
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February 25, 2016, 03:40:37 PM
 #174

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

The risk of getting in debt is really scary. Waiting and getting money elsewhere is what I'd recommend.
The value now isn't really high, waiting is the better option now.
martinacar
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February 25, 2016, 05:07:22 PM
 #175

It can be good to borrow your bitcoins but its also a risk you are willing to take if you really need them for something.
You should only borrow bitcoins if you really need something, so if you are in a real need of something, other than that you should never borrow them.
bitlancr
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February 25, 2016, 06:25:38 PM
 #176

Its useful to borrow bitcoins if you really need something, If I think about something that people need I think at primary things because that is the most important that people need.

If you really need to pay bills( rent etc) you can borrow bitcoins but you should be very careful with it.
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February 25, 2016, 06:39:55 PM
 #177

Well  the moderators had already adviced to those who wanna lend ,with a valid colateral,being altcoins stable or accounts orsomething that may be sold easy.Soo lending is for people who dont think will need that money on the short time as the lendings here are around 15 days max.
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February 26, 2016, 10:45:40 AM
 #178

I think its possible to borrow bitcoins if you really need to pay something or something like that because other wise you can get in debt, you should only do it if you in trouble.
Other than that you should never do it because it has also very much risks if you ask me due to point you are borrowing something.
Laosai
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February 26, 2016, 02:39:49 PM
 #179

You know I don't really see the point of taking a loan in btc.

The rates are most of the time rather high to cover the default risk! They're much higher than in a bank!

I don't really see the point to take a loan unless you don't want anyone to be able to track the money ^^

phibay
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February 26, 2016, 06:59:14 PM
 #180

definitely for emergency purposes and if you need just a small amount. i've been on such scenario several times like i want to buy something online with bitcoins but i am short of funds, there comes borrowing will be useful
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