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Author Topic: When is it useful to borrow bitcoin?  (Read 77561 times)
electronicash
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May 01, 2016, 05:42:31 AM
 #301

its useful to borrow bitcoin when you're ready to lose your collateral. Smiley

its most useful if you borrow for a good purpose like you need to buy something very much needed than gambling it.

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May 01, 2016, 06:25:25 AM
 #302

when I will benefit assured, I will borrow, for example. trading, when the coin is a dump I try to buy and then sell.
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May 01, 2016, 12:01:31 PM
 #303

its useful to borrow bitcoin when you're ready to lose your collateral. Smiley

its most useful if you borrow for a good purpose like you need to buy something very much needed than gambling it.

Yeah agree, but i think loan is usefull if you really use it in good  ways , you loan because you want to invest your money so you can earn big with it or you loan because you see longterm program and you can earn passive money if you participate and invest the bad thing for taking a loan is you badly use it for nothing and you use it in gambling where there is no assurance you can earn with it.

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May 01, 2016, 02:03:15 PM
 #304

The short answer to - when it is useful to borrow bitcoin - will be: never.

Unless you are in gravely pinch and you have no money for your life expenses.
The problem is that people around here are usually borrowing money for gambling or stupid HYIP and they are fooled to believe that in short time money they are borrowing will be doubled or tripled.

If  you want to borrow money for your legit investment, startup - go borrow it from legit source - your local Bank.

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May 01, 2016, 02:27:07 PM
 #305

its useful to borrow bitcoin when you're ready to lose your collateral. Smiley

its most useful if you borrow for a good purpose like you need to buy something very much needed than gambling it.

I think its a faster way to sell your collateral account/product  Grin

But it will leave you a red mark if you try to this kind of strategy of loaning.



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May 02, 2016, 08:15:39 AM
 #306

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 is hard to know when you will know when the right time will be for the borrow your Bitcoin because you have to be for sure that you can earn a lot of money with it.
Otherwise that will be sin for you and the chance is also that you can lose some money with it.
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May 02, 2016, 08:38:00 AM
 #307

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 is hard to know when you will know when the right time will be for the borrow your Bitcoin because you have to be for sure that you can earn a lot of money with it.
Otherwise that will be sin for you and the chance is also that you can lose some money with it.
I've said above, that when you borrow. make sure that it really can make a profit, so you can restore it.
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May 02, 2016, 02:06:20 PM
 #308

when I will benefit assured, I will borrow, for example. trading, when the coin is a dump I try to buy and then sell.
'

Don't just borrow when you have something you want to buy. And that's a very useful thing when you are borrowing because you have assurance that the money that you will owe has bigger chance to have profit.



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May 02, 2016, 04:23:30 PM
 #309

I think its useful when you need money and there is no other option, of course I do not recommend you to do this because there are some big risks.
So also be sure to do it on a safe way.
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May 02, 2016, 06:05:47 PM
 #310

I think its useful when you need money and there is no other option, of course I do not recommend you to do this because there are some big risks.
So also be sure to do it on a safe way.

Borrowing bitcoin as same as we give our interest to lender which mean we loss.
So make sure that the time is precise when you decide to borrow bitcoin or you'll get trouble when you did not repaid the debt
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May 02, 2016, 11:46:41 PM
 #311

I think its useful when you need money and there is no other option, of course I do not recommend you to do this because there are some big risks.
So also be sure to do it on a safe way.
It is useful if you need money and you dont have any option. But if you use it in hyip site or gambling site this is not useful anymore. This is your last option if you use it in emergency like accident.

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May 03, 2016, 08:24:04 AM
 #312

If you are in problems it would be nice to you but you have also not to lose money because of that because that would be bad for the most people if that is happening.
And it would be also nice if you are going to borrow it when the value is going to rise because than you are also not lose some money and that is safe.

But you never know what is going to happen from before so you should take the risk if you want to that.
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May 03, 2016, 08:46:17 AM
 #313

when the price of bitcoin in skyline, borrow bitcoin sell it and waiting price fail and buy back Roll Eyes
you can do it with huobi margin market but im not sure it's safe
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May 03, 2016, 01:16:04 PM
 #314

when the price of bitcoin in skyline, borrow bitcoin sell it and waiting price fail and buy back Roll Eyes
you can do it with huobi margin market but im not sure it's safe

This is possible, but it needs a perfect timing on borrowing and until when you are going to pay, what if your deadline came and the price isn't dropping low, so you will end up adding interest on your payment...

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May 03, 2016, 01:46:26 PM
 #315

Is it useful if you use it in good way like using it in starting a business, or buying bitcoin at low.price and wait it the price grows so that you are surely.you can pay  your loan.

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May 03, 2016, 03:01:48 PM
 #316

Is it useful if you use it in good way like using it in starting a business, or buying bitcoin at low.price and wait it the price grows so that you are surely.you can pay  your loan.

That's why in reality people tend to lend/borrow money to start up a business. But I can add it is also useful to borrow when you want to use it
for home improvement. Improving your dream house by borrowing money is a way much better rather than borrowing just for the sake of gambling.

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May 03, 2016, 03:06:07 PM
 #317

I borrowed bitcoin when I needed it. I also borrowed bitcoin to invest. when I needed some bitcoin to double my money then I would try to borrow. I would pay a fee, but I will get a greater profit. I am happy to invest with my bitcoin.

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May 03, 2016, 03:13:32 PM
 #318

I borrowed bitcoin when I needed it. I also borrowed bitcoin to invest. when I needed some bitcoin to double my money then I would try to borrow. I would pay a fee, but I will get a greater profit. I am happy to invest with my bitcoin.

Good luck with your investment career and I'm glad to know that you are happy in investing your money.

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May 03, 2016, 05:55:40 PM
 #319

when the price of bitcoin in skyline, borrow bitcoin sell it and waiting price fail and buy back Roll Eyes
you can do it with huobi margin market but im not sure it's safe

It is useful if you can get a low interest rate and have a way to make more money than you are borrowing - obviously.  I don't borrow here but there are lending sites that I like to use for both borrowing and lending.
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May 03, 2016, 10:47:26 PM
 #320

Its useful to borrow when you in a real need of money, other than that I cannot find a reason to borrow.
Borrowing in my eyes is very bad because it has a lot of downsides.
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