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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
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April 16, 2016, 06:14:23 PM
 #281

People taking loans almost all days,main purpose is gambling and trading,soo they repay in a week or two,for an interest around 10% isnt bad at all.I wont ask for a loan as my colateral would be the way i can assure the payment,signature.But sure get a 10% interest these days is great if the user repays thats the only bad thing.

That's not a right decision to borrow bitcoin for gambling. Only if lucky gambling gives earning, at the same time if unlucky and lost the borrowed bitcoin, how will the user repay with interest.

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April 18, 2016, 08:20:33 AM
 #282

It will be useful if you are putting some work in it and when you are for sure that you can make some good profit with it in the future but it is indeed hard to know that from before.
If you want to build up your Bitcoin you can have a signature campaign or gamble, but gambling is quite risky.
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April 18, 2016, 04:34:15 PM
 #283

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.
Borrow anything is always good,so with borrow bitcoin,the best time to loan bitcoin is when you sure bitcoin price will raise,so you can get profit when you sell bitcoins from that loan.

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April 26, 2016, 11:40:31 PM
 #284

it will be useful if youre trying to start a business or if youre just merely into trading since the value of bitcoin continues to rise
just dont put it into gambling, you might fail miserably

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April 27, 2016, 01:53:53 AM
 #285

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.

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April 27, 2016, 05:21:02 AM
 #286

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.
right, right
no to hyips, they suck terribly

❰❰ OPHION ❱❱▨▨▨▨▨▨▨▨▨▨▨▨▨▨▨ A SECURE, ANONYMOUS & DECENTRALIZED MARKET ▨▨▨▨▨▨▨▨▨▨▨▨▨▨▨❰❰ OPHION ❱❱
TRADE GOODS OR SERVICES ■NO LOGGING - AT ALL■ 2 OF 3 MULTISIG AUTOMATION ■SELLER/BUYER RATING SYSTEM■ AND MANY MORE
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April 27, 2016, 09:53:54 AM
 #287

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.
right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.

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April 27, 2016, 10:39:39 AM
 #288

Borrow only that which you can return. If you are not sure what your reason for borrowing is, then there's no point in doing so. If your purpose is clear and you have a game plan that will yield you enough earnings to cover the principal and interest, then go ahead and borrow. But, don't ever steal, just borrow.
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April 28, 2016, 04:14:22 AM
 #289

It is useful if you use it in right way. But if you invest it in hyip you should not borrow bitcoin because you risking your not money, you cant pay it with that tactics.

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April 28, 2016, 09:45:03 AM
 #290

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.
right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.
It is only useful when you are for sure that you can make profit with it otherwise you are going to lose some money and that would be bad for you.
So if you see that the price is rising than it would be nice that you are going to borrow it so you can make later even some profit with it and that would be also nice for you.
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April 28, 2016, 12:54:44 PM
 #291

It is useful if you use the money in the right way. But if you lose in hyips its not useful
Borrow bitcoin if you are sure you can pay them back.
right, right
no to hyips, they suck terribly

Also borrow bitcoin will very useful when you use these bitcoin to invest or make a business that can give you more profit. I think it is so useful beside you can pay them back and get more profit.

That's good, but after borrowing you should never give up or go down in the process of growing the borrowed bitcoin. Only then you can pay the interest and grab a small profit.

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April 28, 2016, 03:19:26 PM
 #292

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...
It is only useful if you are for sure that the value will rise in the future and than it is worth enough to borrow it, otherwise it is not good and you will lose money and that is bad.
So the best thing is that you are going to do it when the price is rising so you are for sure, but it is hard to know when it will rise and that is the problem of Bitcoin.
It is hard to know when you must borrow a Bitcoin and that is hard because you never know what will happen with the currency itself so you should to take some risks also.
Without risks you cant also make money so taking risks will lead you to earn money and you need also have a smart mind.
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April 29, 2016, 01:34:39 AM
 #293

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money

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April 29, 2016, 01:50:09 AM
 #294

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money
I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
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April 29, 2016, 01:58:14 AM
 #295

I guess everyone will borrow money once or more in their lifetime. Borrowing in Bitcoin is the same but I will make it a rule to my self that I'll borrow in Bitcoin only when needed or its the last resort. Bitcoin rate fluctuates and if borrowed at rate of 1BTC - $446 today, after a week it maybe 1BTC - $456 thats a double whammy for the borrower since borrower will pay for interest together with the increase of exchange rate.

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April 29, 2016, 12:30:58 PM
 #296

I guess everyone will borrow money once or more in their lifetime. Borrowing in Bitcoin is the same but I will make it a rule to my self that I'll borrow in Bitcoin only when needed or its the last resort. Bitcoin rate fluctuates and if borrowed at rate of 1BTC - $446 today, after a week it maybe 1BTC - $456 thats a double whammy for the borrower since borrower will pay for interest together with the increase of exchange rate.

Yeah, that's right.. borrow only when really needed and when in an emergency situation...Loaning bitcoin just to buy what you want is not a good idea, interest and price fluctuation would really be a burden in paying...

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April 29, 2016, 01:27:57 PM
 #297

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money
I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.
Yup it is not useful to borrow if you use it in wrong or if you invested in hyip.. But it is useful when you need it in emergency situatuion like accident.

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April 29, 2016, 03:19:59 PM
 #298

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money
I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.
It will be useful when you can make some profit with it otherwise it would be bad for you and you are losing some money and that is not nice if that happens to you.
So please be for sure that you can make profit with it and than it will be also worth to borrow it otherwise not.
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April 30, 2016, 05:36:09 AM
 #299

It is useful to borrow bitcoin if you use it in right. If you dont use it in gambling if you dont use in betting online casino. Its not useful in investing in hyip. Dont risk your not money
I think it is only useful when you urgently need it. I found it not ok to loan just to invest in some things that you can possibly earn it rather than paying with interest. Well, it is useful when you have insufficient coins and there is a discount that you really need to buy.
It will be useful when you can make some profit with it otherwise it would be bad for you and you are losing some money and that is not nice if that happens to you.
So please be for sure that you can make profit with it and than it will be also worth to borrow it otherwise not.

Its really usefull to lend money if your intention is to use it to invest so you can earn money in return sometimes borrowing money is nice choice if you see some program that you cam benifit with it but you dont have money to invest, but id your borrowing money and dont have idea wherr you will spend it well its useless because its totally your loss and you will be sorry if the payment time comes because you might pay big and didnt get profit for your loan money.

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zerocharisma
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May 01, 2016, 05:36:19 AM
 #300

It's useful if you are in need of bitcoin. Maybe something like emergencies?? or you just really need it for use.
Don't borrow or get a loan if you just want to gamble it or invest on some ponzi. It's not worth it to risk what you borrow.
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