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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
knowhow
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May 03, 2016, 11:38:16 PM
 #321

With the aproaching of the halving lending arent the best way to focus your bitcoins,as it should keep growing a bit more over the next days.But at this forum is something i had tryed and keep offering lend service  and well till the moment i were able to sell all defaulted loans and some repaid with 10% to 25% in a week its good income .
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May 04, 2016, 12:46:31 PM
 #322

Borrowing is good when you are with a shortage of amount for a particular investment which is to give you a valid return within a short time. Else just borrowing without prior plan leads to loss.

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thend1949
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May 04, 2016, 01:01:33 PM
 #323

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.
It is useful if you use it in good way. Thats right if you use it in emergency or starting a business. But it is not useful if you use it in nonsense investing in hyips you just risking the money that you dont money.

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May 04, 2016, 01:42:31 PM
 #324

Why would you borrow bit coins that's the strange thing i have ever heard of.
Coins are worth allot of Dollars or Euro´s why would someone just borrow their coins besides
you can also mine them then you don´t have to borrow them and you will get them for free.
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May 04, 2016, 02:17:28 PM
 #325

The best moment to borrow your Bitcoin is that you have to do it when you are for sure that you can make some profit with it and that is quite perfect but that is hard to know that from before.
So the things that you have to do is that you must also take some risks and can be bad if it is going wrong.
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May 04, 2016, 02:23:06 PM
 #326

Why would you borrow bit coins that's the strange thing i have ever heard of.
Coins are worth allot of Dollars or Euro´s why would someone just borrow their coins besides
you can also mine them then you don´t have to borrow them and you will get them for free.

You can do this but mining is much slower if you ask me, due to the fact borrow is easy and pretty fast it can be done.
I honestly would not recommend it, but if you really need it..
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May 06, 2016, 08:30:16 AM
 #327

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.
It is only useful when you really need it and that can be risky because you never know what is going to happen with the value of Bitcoin so losing money will be there also.
So you have to borrow it when you are for sure that the price is going to rise.
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May 06, 2016, 09:11:38 AM
 #328

Borrowing is good when you are with a shortage of amount for a particular investment which is to give you a valid return within a short time. Else just borrowing without prior plan leads to loss.

I agree with you, just borrow if you are in short. Don't borrow if you have exact amount.
Just remember that borrowing also is the same as gambling. Why? Borrow what you afford to pay.



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May 08, 2016, 10:43:19 AM
 #329

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 don't think that it is ever good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

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May 08, 2016, 02:13:28 PM
 #330

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 don't think that it is ever good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.

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May 08, 2016, 09:37:09 PM
 #331

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 don't think that it is ever good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.
Usually people ask for loans to invest and try to grow their project as well their service,others ask to buy new clothes or shoes,or to travel,the thing is the credit is very easy to get when you have a job a regular job,soo some people use and abuse of this.For those who lend without colateral its a huge risk,but well can be a profitable are to try atleast here there is always searching for some money and risking accounts or others altcoins ,some people able to make around 1 btc monthly with lending but there is too many lenders at the moment.
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May 09, 2016, 06:00:57 AM
 #332

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 don't think that it is ever good to borrow money, it can be real life money or bitcoins, it's not wroth that, so if you can stay without additional money asap, better wait for your next payment

because when you borrow money, you will have to give back more so i don't think that it's worth to borrow money or bitcoins , borrow only if you can't live without them

People with many debts are getting drown from it. So you are right, it is not worth to borrow money, if, you don't have capacity to pay it.
But if you have, of course you can. You just need to estimate the price of how much you can borrow, so that it will not make you
drown by getting debts.
Usually people ask for loans to invest and try to grow their project as well their service,others ask to buy new clothes or shoes,or to travel,the thing is the credit is very easy to get when you have a job a regular job,soo some people use and abuse of this.For those who lend without colateral its a huge risk,but well can be a profitable are to try atleast here there is always searching for some money and risking accounts or others altcoins ,some people able to make around 1 btc monthly with lending but there is too many lenders at the moment.

I think there is no one that is going to offer you loans without collateral. Because lenders now are wise, and they are thinking
if the borrower won't pay their debts of course they have something to pay in for that loan they got.

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May 09, 2016, 01:47:15 PM
 #333

It will be only nice if you are going to borrow one when you are for sure that you can make some profit with it and that would be nice if that is possible for you.
But it is of course hard to know that from before so you need to take some risks if you want to make profit.
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May 09, 2016, 10:11:17 PM
 #334

It will be only nice if you are going to borrow one when you are for sure that you can make some profit with it and that would be nice if that is possible for you.
But it is of course hard to know that from before so you need to take some risks if you want to make profit.

Some members here just lend to senior and ranks above that usually has a lot to loose ,usually their accounts and some of them their image ,something that has no value this days is honesty ,soo people lend to those group but usually who ask for loans are full member and seniors usually,the most of them default they force the account to get sold.
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May 10, 2016, 02:13:18 PM
 #335

It will be only useful when you are for sure that you can make some profit with it otherwise it will be sin and that would be bad if you are losing some money with it.
But you need to be risky if you want to earn some money with it and that is nice or it can be also bad.
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May 11, 2016, 12:38:51 AM
 #336

The only time I would use the bitcoin to borrow is when I really need money, other than that I do not think it will be useful and even risky to be honest.
There in my opinion just too much risks involved with this.
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May 11, 2016, 02:18:04 AM
 #337

The only time I would use the bitcoin to borrow is when I really need money, other than that I do not think it will be useful and even risky to be honest.
There in my opinion just too much risks involved with this.

That's right you must borrow in times of you are really in need, not just you are going to buy something you want. People are borrowing bitcoin for running before the halving happens.
They want also to get profit before it happens.

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May 11, 2016, 02:25:55 AM
 #338

Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.
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May 11, 2016, 03:01:54 AM
 #339

Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.

Yeah, buying and selling of a profit is a good thing to put your borrowed money, it is also good I think if you are going to lend the money that you borrowed and you are going to put also an interest to it. This is the easiest way to earn money without doing any effort and without putting up a capital for that.

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May 11, 2016, 03:15:15 AM
 #340

Borrowing Bitcoin is useful if you see a great opportunity that you think you should never pass like an item that is for sale at a very cheap price that can be resold and gain profit. But it should not be on items that you see in the web that will not generate any income. Some are just impulsive buyers and wants to buy even if they don't have money to buy.

Yeah, buying and selling of a profit is a good thing to put your borrowed money, it is also good I think if you are going to lend the money that you borrowed and you are going to put also an interest to it. This is the easiest way to earn money without doing any effort and without putting up a capital for that.
I am learning the hard way that borrowing money only leads you to trouble. i can't imagine trusting any newbies asking for a loan for this site, but if you're starting a business and need initial capital then I can see it being useful.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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