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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
knowhow
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April 01, 2016, 05:25:13 PM
 #241

I believe some people ask money and wait this fluctuation to happen,and the most have funds to repay with this strategy.To who lend always a risk,but being able to get 10% or even 20% within a week or three weeks,i believe the reward are pretty good.
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April 02, 2016, 02:28:11 PM
 #242

Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it

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April 02, 2016, 02:41:49 PM
 #243

If we were going to loan money to others just to them make profit,what would be the purpose i lend you 1 btc and you make 1.30 btc with it and repay me 1 btc?This wont happen never,we risk our coins lending them to others soo why would we make a no interest loan?
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April 03, 2016, 07:20:37 AM
 #244

Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it

If the altcoin price rises, it is not good to borrow the coin and short it. If it drops, it is OK to borrow, short and buy back.
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April 03, 2016, 09:30:27 AM
 #245

Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it

From my opinion bitcoin can be borrowed at this time provided with a low interest because in a short term you will get assured return of high profits.

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ivanst776
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April 03, 2016, 01:33:19 PM
 #246

borrowing bitcoin is not useful ever. I think you should think about how to earn bitcoin. and how to get bitcoin for free. but if some one give you bitcoin for 0% interest and you can't help it to borrow it. then you can borrow it.

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April 03, 2016, 06:32:26 PM
 #247

When is it useful to borrow bitcoin? Considering that it is really hard to get a loan here on this forum even with escrow, and the plentiful amount of scammers floating around here, is there really a great reason to even bother getting a loan here? I mean unless you're flat broke I could understand but even still it's an uphill battle. It's way easier to take out a cash advance in an emergency. I suppose if you're dealing with a trusted borrower and trustworthy escrow you may have a chance in obtaining your funds. Other than that, it can be difficult for a scam-less transaction to take place.
i am sure that all people that loan some bitcoin is for useful purpose,and everytime is good and useful for borrow bitcoin,it depending what will you do with that loan,for invest,gambling or just buy some goods,its good time to borrow.
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April 03, 2016, 08:37:40 PM
 #248

Well im getting some good results as the loans defaulted and repaid are allowing to keep my balance up ,even with the defaulted loans,where i make auctions and recover with interest,isnt a huge ammount but worths my time for sure.
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April 04, 2016, 08:23:53 AM
 #249

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.
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April 04, 2016, 08:37:56 AM
 #250

borrow bitcoin can be useful if you have a 100% safe investement and you need more bitcoin to have more profit and you can refund back the money that you borrow.
but it is not useful if you will use it in gambling or somethink risky.
i you are thinking that is a good idea don't ask for borrwing because you will not have money to pay back.

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April 04, 2016, 08:39:20 AM
 #251

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.

Wrong, if we borrow it when the price is low. Then we need more Bitcoin to borrow, because the price is low.
example:
~You need $400/1BTC(Bitcoin rate $400/BTC)
~You spend the $400/1BTC
~Bitcoin price goes high ($500/BTC)
~You pay the lender with 1BTC/$500 which is more than you borrowed

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April 04, 2016, 12:35:40 PM
 #252

Special advice from me . it is not useful to barrow Bitcoin or any other ALT coins at all with interest even for 0.01 percent i tried before and i lost .
But if you find someone will lend you for 0 interest you can go for it

From my opinion bitcoin can be borrowed at this time provided with a low interest because in a short term you will get assured return of high profits.

Well said, for the assured returns that can be got on a few months holding through halving borrowing is profitable and can be done before halving.

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yenxz
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April 04, 2016, 03:30:16 PM
 #253

if you are 101% sure bitcoin will go down Smiley
what?its pro trader who said like that Grin
i'm expecting as your plan,i will borrow bitcoin when i know bitcoin price will raise up so high,and then i will pay it when the price going low again,is that wrong?
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April 04, 2016, 07:42:02 PM
 #254

borrowing bitcoin is not useful ever. I think you should think about how to earn bitcoin. and how to get bitcoin for free. but if some one give you bitcoin for 0% interest and you can't help it to borrow it. then you can borrow it.

Not like that bro! when we need money that time we use to lend the money, we have to as it is. Because bitcoins are also money. People can use bitcoin to lend and they can pay back also check the websites BTCjam, BTCpop to get a loan...
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April 04, 2016, 07:54:33 PM
 #255

it's never safe to borrow money from anyone, you should avoid loans all together if you know whats best for you.
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April 04, 2016, 11:06:44 PM
 #256

it's never safe to borrow money from anyone, you should avoid loans all together if you know whats best for you.
Yeah and if you are not in a hurry why are you taking loan if you can earn what you want in a short peiod of time mate.
Avoid taking loan even you have a collateral.
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April 05, 2016, 01:09:38 AM
 #257

borrowing bitcoin is not useful ever. I think you should think about how to earn bitcoin. and how to get bitcoin for free. but if some one give you bitcoin for 0% interest and you can't help it to borrow it. then you can borrow it.

Not like that bro! when we need money that time we use to lend the money, we have to as it is. Because bitcoins are also money. People can use bitcoin to lend and they can pay back also check the websites BTCjam, BTCpop to get a loan...

All of that depends to each people who do that. I agree if looking for bitcoin and get it for free is really good idea. But if we very need bitcoin and don't have any bitcoin or less to some important thing, no problem borrow bitcoin but we should certain can get back it.

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April 05, 2016, 01:14:28 AM
 #258

My short answer to this is:  You borrow money at X interest rate when you know you can use that money to make a return greater than X.  Like the banks do.  With bitcoin you of course have to be careful and the interest rates tend to be high.
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April 05, 2016, 02:24:36 PM
 #259

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.

Wrong, if we borrow it when the price is low. Then we need more Bitcoin to borrow, because the price is low.
example:
~You need $400/1BTC(Bitcoin rate $400/BTC)
~You spend the $400/1BTC
~Bitcoin price goes high ($500/BTC)
~You pay the lender with 1BTC/$500 which is more than you borrowed

You know that soon the halving moment several people will ask for loans here ,atleast i expect that is going to happen,to play with the market,but they will change one thing just they will ask the loan to be funded in usd instead bitcoin,soo they will keep the difference for them.Some users protect their loans doing that,i personally wont lend based into dollars,i work with bitcoin if i wanna to work with fiat i would.With all my lendings i believe this isnt a good way to grow portfolio,as i had almost all loans defaulted and in the middly i lost 0,03 because my computer burned,and took with it my wallet electrum;besides those i were able to sell the accounts i had from the loans for a higger value that the loan costed to me,in general im at green but its getting risky to lend ,as the most purpose of the people is forcing the sell,always use colateral people.
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April 05, 2016, 07:10:18 PM
 #260

My short answer to this is:  You borrow money at X interest rate when you know you can use that money to make a return greater than X.  Like the banks do.  With bitcoin you of course have to be careful and the interest rates tend to be high.
yes,its also being problem for me,i'm afraid to borrow bitcoin,i'm avoid the interest rate,in this forum people dont want lend their money without interest,its have no benefit for them,i suggesting everyone to not borrow bitcoin if that not urgent conditions.

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