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Author Topic: When is it useful to borrow bitcoin?  (Read 78517 times)
Altcoinsupporter
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May 11, 2016, 10:10:36 AM
 #341

The most people are hoping that the value will be more worth so you must borrow it when you are for sure that the value is going up.
Because if the value is going to reduce after you borrow it than you are losing some money and that is bad.

So that must not happen to you and it is indeed quite risky.
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italianobitcoin
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May 11, 2016, 01:55:08 PM
 #342

borrow bitcoins is never useful the only thing that's useful is to invest them.
There are several things you could do with a bitcoin but just borrow them don't make any good profit. So you could
better invest them.
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May 11, 2016, 02:07:40 PM
 #343

the best way to borrow them is to wait and wait till he reach one of the lowest points.
Then wait maybe a little invest or just holding them and sell your coin at a top price that's the best way of getting
the most useful borrow moment.
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May 11, 2016, 02:25:57 PM
 #344

borrow bitcoins is never useful the only thing that's useful is to invest them.
There are several things you could do with a bitcoin but just borrow them don't make any good profit. So you could
better invest them.
People here usually asks for 0,01btc to 0,15 btc soo the minimum ammount i believe you cand do several things with that besides gambling ,betting it trying to get profit from the bet and the repayment fee.Ofering bitcoin to others takes always a risk at defaulted people,some people force the acocunt sell doing a request of loan.
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May 11, 2016, 10:43:38 PM
 #345

Its in my eyes useful when you need money and there is no other option available to gain money.
I would never do this( too much risks )but you can do it if it feels right and you can do it on a good way.
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May 12, 2016, 05:28:34 AM
 #346

borrow bitcoins is never useful the only thing that's useful is to invest them.
There are several things you could do with a bitcoin but just borrow them don't make any good profit. So you could
better invest them.

Somehow if it will be used for emergency it will be very useful and also for investment it will be. But if you will just borrow for non sense things and for just gambling purposes better stop borrowing money for your addiction.

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May 12, 2016, 05:29:42 PM
 #347

If you want to borrow a Bitcoin you have to be sure that you cant lose some money with it otherwise that will be sin to you and that is the baddest thing that will happen if you lose money.
So you need also a bit luck if you want to earn more money with Bitcoin and patience is also important.
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May 12, 2016, 07:21:12 PM
 #348

borrow bitcoins is never useful the only thing that's useful is to invest them.
There are several things you could do with a bitcoin but just borrow them don't make any good profit. So you could
better invest them.
People here usually asks for 0,01btc to 0,15 btc soo the minimum ammount i believe you cand do several things with that besides gambling ,betting it trying to get profit from the bet and the repayment fee.Ofering bitcoin to others takes always a risk at defaulted people,some people force the acocunt sell doing a request of loan.

What? you will ask to borrow for 0.01 btc to 0.15 btc and you will just play it for gambling and betting? No way, that is not the useful way of borrowing bitcoins. If you are just borrowing for the sake of your pleasure to gamble, better not to sacrifice your name for asking money to someone.
I believe those comment were what the people which ask for a loan do with the money they ask,0,01btc wont pay any bill ,anything to eat soo i believe as well those money is used to gambling purposes,risking their accounts and colateral to make it.
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May 13, 2016, 07:46:32 AM
 #349

It will be not that best option if you are going to borrow some Bitcoins and that is because there will be also a chance that you can lose some money and that is not that best for you.
But if you are going to do that you have it to do in the price increase so you are for sure that you cant lose any money with it.
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May 13, 2016, 10:08:13 AM
 #350

Borrowing bitcoin is not really bad if you intended to use it in good ways like investing on program where you can see you can earn big money, but if your borrowing for nothing and just wasting well its really very bad because it can ruin you and you had big debts and you cannot pay it.

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May 13, 2016, 12:11:52 PM
 #351

Borrowing bitcoin is not really bad if you intended to use it in good ways like investing on program where you can see you can earn big money, but if your borrowing for nothing and just wasting well its really very bad because it can ruin you and you had big debts and you cannot pay it.

You need a good program for it and also some trusting people, if you cannot trust the people you will get scammed for sure.
I think its way better to gain money that you need or something on another way.
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May 13, 2016, 07:41:56 PM
 #352

When you indeed really need the money it can be worth it to borrow some bitcoins bit I still would never do this if I where you.
Its just not worth the risks that you have to take.
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May 15, 2016, 06:38:23 AM
 #353

When you indeed really need the money it can be worth it to borrow some bitcoins bit I still would never do this if I where you.
Its just not worth the risks that you have to take.
bitcoin borrow quite difficult, I suggest you borrow bitcoin when there is a business that is highly likely to give you an advantage, because then you can replace them quickly


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tzman
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May 15, 2016, 05:43:29 PM
 #354

When you indeed really need the money it can be worth it to borrow some bitcoins bit I still would never do this if I where you.
Its just not worth the risks that you have to take.
bitcoin borrow quite difficult, I suggest you borrow bitcoin when there is a business that is highly likely to give you an advantage, because then you can replace them quickly

Poloniex already offers their lend service,but you can offer any rate you wanna,there isnt a minimum fee to charge soo usually the loans there are around 0.03% meaning almost nothing,if they set the fee to atleast 1% or even 2% then rates above could be set by the members would be great.I doubt any reputable system will come lending money to anyone use where they wanna as btcjam and similiars programs,letting some scams build reputation and then run away.
FabioDelcatto
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May 17, 2016, 09:32:49 AM
 #355

Borrowing bitcoin is not really bad if you intended to use it in good ways like investing on program where you can see you can earn big money, but if your borrowing for nothing and just wasting well its really very bad because it can ruin you and you had big debts and you cannot pay it.

You need a good program for it and also some trusting people, if you cannot trust the people you will get scammed for sure.
I think its way better to gain money that you need or something on another way.
It will be useful when you want to use it and when the price is rising so you are not losing any money and that is safe for yourself for later in the future.
The only thing is that it can be risky for you when you are doing that so that is already bad.
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May 17, 2016, 10:35:19 AM
 #356

I would wait till my account changes to legendary and then sell it for 1 btc that is how you can get btc without obtaining loans and then paying back to the lender with interest or giving away collateral if you default the loan.

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May 17, 2016, 11:16:08 AM
 #357

I would wait till my account changes to legendary and then sell it for 1 btc that is how you can get btc without obtaining loans and then paying back to the lender with interest or giving away collateral if you default the loan.


That would be a long time if you are going to wait for your account to be legendary. But that would be a good thing to make it as a collateral.
I'm sure lenders will allow you to borrow 1 btc.



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Rainbot
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May 17, 2016, 12:47:43 PM
 #358

Its good to borrow you bitcoin when you really need money, if you do not need money I would not take the risks because it can go very wrong if you ask me.
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May 17, 2016, 01:44:37 PM
 #359

Borrowing can be good if you are doing it on a safe way without a lot of risks, you first need to trust the person/company of course.
If the person or company is okay it can be done without too much risks.
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May 18, 2016, 02:16:30 PM
 #360

You have only to do it when you are in emergency and otherwise it will be sin because there is also a chance that you can lose some money with borrowing and that would be bad.
But you have also to know that you must do it when you are for sure that you can make more money with it otherwise you are losing it.
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