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Author Topic: When is it useful to borrow bitcoin?  (Read 78533 times)
Rizky Aditya
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February 27, 2016, 05:53:08 AM
 #181

It is useful to borrow Bitcoin when you need to pay off a loan very desperately. Other than that, don't get a loan.

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February 27, 2016, 04:36:37 PM
 #182

The rates of lending here are the best to pay a bill or something you wanna to buy,since the interest is beter then banks that charge around 30% from any loan ,but they give more time,but at bitcoin world its possible to make money faster then into the real life.If your salary dont cover yours debits for sure asking a oan should be the way and before it try to reduce or take off something you can live without.Who dont need any extra to cover the debits these can lend with the main rule dont lend what you may need into the future and dont lend more then you can get.
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February 27, 2016, 06:19:48 PM
 #183

It is useful to borrow Bitcoin when you need to pay off a loan very desperately. Other than that, don't get a loan.
if you have good business idea and have lack of fund then taking a loan is good idea .

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February 27, 2016, 07:58:09 PM
 #184

the fact that I have free electricity and place for up to 4 antminers is it worth to borrow for s7? I have three s1 miners which I can sell localy for 130-150$ that will also cover the loan plus the amount of mined btc-s monthly.
Im thinking about this and some advice would be great
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February 27, 2016, 11:10:41 PM
 #185

It is useful to borrow Bitcoin when you need to pay off a loan very desperately. Other than that, don't get a loan.
it's like digging a hole. close the hole. you'll only get into trouble. if they borrow money to pay debts

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February 28, 2016, 12:58:14 PM
 #186

I think you do not need a time when need money urgently to borrow money. when you have an idea for a business. and you need capital.
You can borrow money on lending. it would be great for business


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February 28, 2016, 06:32:57 PM
 #187

I think you do not need a time when need money urgently to borrow money. when you have an idea for a business. and you need capital.
You can borrow money on lending. it would be great for business

Yeah there is no good reason to borrow money. However if you need money fast and there is no other option then a small loan could be the answer.
However it's better to sell items (coins f.e.) then to loan, since you will have to pay interest.

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February 29, 2016, 11:11:32 AM
 #188

Its useful to borrow the bitcoin if you really need money to pay your rent or something, I think if that is needed you can do that for sure, of course its always a choice and it has some risks also.
So you have to think about it real good if you ask me.
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March 02, 2016, 02:56:19 PM
 #189

I think you do not need a time when need money urgently to borrow money. when you have an idea for a business. and you need capital.
You can borrow money on lending. it would be great for business

Yeah there is no good reason to borrow money. However if you need money fast and there is no other option then a small loan could be the answer.
However it's better to sell items (coins f.e.) then to loan, since you will have to pay interest.
It is not that smart I think now to borrow it. The value now is very low so that is not so good to borrow.
Maybe you can do it later and that is so good, if you wait for a higher value in the future.
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March 03, 2016, 11:10:18 AM
 #190

to buy an altcoin that is skyrocketing like ethereum right now, without wasting much time on earning bitcoin, or exchanging your fiat in a exchange
i would definitely ask for a loan in this case, you can repay the interest easily
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March 03, 2016, 02:19:13 PM
 #191

Its just useful when you really need money for something, but for other things you should not do it, I think its not worth it to do it if you are not in problems.
Be sure to be sure of the fact you are gonna do it because it has some risks of course.
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March 04, 2016, 01:11:55 PM
 #192

Well we need to take some risks nowadays,trading altcoins is the same thing risked but may turn into a great opportunity to grow our portfolio,i believe as my self loan money to other with something as colateral is worth ,because you can get an altcoin or an account that you may easy sell it here to others .
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March 04, 2016, 04:34:06 PM
 #193

I will try to borrow when I really need to something that will surely benefit.

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March 06, 2016, 06:55:51 PM
 #194

I will try to borrow when I really need to something that will surely benefit.

Well with the current interest into eth pumped moment,with over 50k bitcoins inside it poloniex lending service is getting around1% and up it should stay for a while maybe you can try to lend your coins for a while and get the beneficts of lending,or even here its better offer then there for sure.
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March 11, 2016, 09:56:33 AM
 #195

I will try to borrow when I really need to something that will surely benefit.

Well with the current interest into eth pumped moment,with over 50k bitcoins inside it poloniex lending service is getting around1% and up it should stay for a while maybe you can try to lend your coins for a while and get the beneficts of lending,or even here its better offer then there for sure.

The lend rate is 0.2-0.3% per day at present. So it is till quite good. It is much better than save the fiat in banks.


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March 11, 2016, 10:50:30 AM
 #196

Its useful to borrow bitcoins bitcoins only if you in real need of them because otherwise you should just buy them right away.
Borrowing has a lot of disadvantages, and the lending fee is one of the disadvantages that is the biggest problem if you are borrowing it.
I think you can better just not do this because it has risks.

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March 11, 2016, 02:28:33 PM
 #197

Borrowing is possible with the bitcoin these days but if I recommend it, no I would not recommend this at all.
There are too many things that can go wrong and its also that its  no so easy to pay it back, in debt with the bitcoin, no I do not like it.
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March 11, 2016, 11:22:38 PM
 #198

Borrowing is possible with the bitcoin these days but if I recommend it, no I would not recommend this at all.
There are too many things that can go wrong and its also that its  no so easy to pay it back, in debt with the bitcoin, no I do not like it.

I think borrowing should be done in real life, so no borrowing is not a good reason to borrow.
I  honestly can't find a good reason to loan money.

Having debts is a pain in the ass. If you don't have the money, then don't spend it. Live by that.
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March 12, 2016, 06:59:35 AM
 #199

Borrowing is possible with the bitcoin these days but if I recommend it, no I would not recommend this at all.
There are too many things that can go wrong and its also that its  no so easy to pay it back, in debt with the bitcoin, no I do not like it.
yeah because borrowing easier. if you have a steady income or you have salary every month or every week it was not a problem. but if you have no income. better not to borrow bitcoin mate. because you will be hard to pay the debts


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March 12, 2016, 02:02:20 PM
 #200

One thing is sure you must know the risks involved into this they will be the only risks you can and will go for,here lending bitcoins can be profitable,and with the colateral you get your reward,i lend at poloniex as well and well 0.04% and 0.07 % its for sure a great interest for the frozen coins i had stoped at my wallet previous,soo all days my portfolio is growing ,even slowly.
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