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Author Topic: When is it useful to borrow bitcoin?  (Read 78111 times)
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May 26, 2016, 03:48:57 AM
 #381

It is only useful to borrow a Bitcoin when you are for sure that the price is rising slowly so you can earn some more profit later in the future and that would be really nice for you.
But that can be risky for you if you are losing a lot of money with it if the price is reducing but that is the risk that you should take.

It doesn't matter on the price of bitcoin you are going to borrow or the quantity of it as you are going to pay it that right.
What matters most on how your are going to use it and how going useful it is to you.
Don't just borrow if you are going to use it for buying nonsense thing.

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May 26, 2016, 09:48:01 AM
 #382

borrowing bitcoins would be useful if you will invest using it.  And investing would be at the right time that may be good enough to have a nice ROI.  Since borrowing what will be yours is the gains minus the interest.  If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit.  But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

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May 26, 2016, 09:54:43 AM
 #383

borrowing bitcoins would be useful if you will invest using it.  And investing would be at the right time that may be good enough to have a nice ROI.  Since borrowing what will be yours is the gains minus the interest.  If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit.  But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

Yeah, borrow only if you are going to use it for investment, because if you are going to use that only for personal use only.  I think higher chance
of paying your borrowed money is lower and you are at risk, you must able to create an income for the money you borrowed.



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May 27, 2016, 12:02:36 AM
 #384

borrowing bitcoins would be useful if you will invest using it.  And investing would be at the right time that may be good enough to have a nice ROI.  Since borrowing what will be yours is the gains minus the interest.  If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit.  But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

Yeah, borrow only if you are going to use it for investment, because if you are going to use that only for personal use only.  I think higher chance
of paying your borrowed money is lower and you are at risk, you must able to create an income for the money you borrowed.

Agree because its very useful to people to borrow if they dont have money to invest when they see good program and they see future earnings to come if they will go and invest with it and the problem is they dont have money and by that i can say that time is very good to borrowed because you use it for good investments. the problem really their is your borrowing money and intendednit to gamble and really its bad idea and cab broke you.


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May 30, 2016, 03:05:20 AM
 #385

This month of May is not a good day to borrow Bitcoins. If borrow last Monday May 23 rate is still $444 USD to 1 BTC and if you promised to pay after a week the you will be paying at rate of $530 USD to 1 BTC and that is on top of the agreed interest. Double whammy for the borrower and great profits for the lender.

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May 30, 2016, 03:54:48 AM
 #386

The rigth time to borrow bitcoin is when you know that price of bitcoin will go up in a couple of days,, you will pay the lender lower than your requested loan..  Grin
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May 30, 2016, 04:23:57 AM
 #387

The rigth time to borrow bitcoin is when you know that price of bitcoin will go up in a couple of days,, you will pay the lender lower than your requested loan..  Grin

Yeah you're right. You borrowed the money and going to paid that instant once you get some profit on it when the price increase.
But I think the lender will still earn from it with interest.

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May 30, 2016, 10:27:56 AM
 #388

The rigth time to borrow bitcoin is when you know that price of bitcoin will go up in a couple of days,, you will pay the lender lower than your requested loan..  Grin

Yeah you're right. You borrowed the money and going to paid that instant once you get some profit on it when the price increase.
But I think the lender will still earn from it with interest.

But i dont think thats good idea and no one try that, for me it really useful to borrow money in the essence that you will use it for important matters like investing, just like my friend he lend money so he can have investment for this site and thats quite happen for past months and really he get profited with it and he already payed his debts in the right time and hes decision is wiser and very usefull knowing he can get profit for his borrowed money and thats good, the bad thing really there is if you borrowed money just to have money in the pocket so you have budget for gambling,wandering and for anything bad habits is very bad decision because by the time you already spend all your money and nothing left that time can make you broke,

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May 30, 2016, 10:59:15 AM
 #389

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 30, 2016, 10:59:17 AM
 #390

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 30, 2016, 11:40:55 AM
 #391

borrowing bitcoins would be useful if you will invest using it.  And investing would be at the right time that may be good enough to have a nice ROI.  Since borrowing what will be yours is the gains minus the interest.  If you are gonna buy and sell trading using borrowed btc, I think it's not worth the profit.  But if you will be using it for projects regarding btc's or opening an online shop then that would be profitable as long as you have a good method of statement to follow like a proposal.

Yeah, borrow only if you are going to use it for investment, because if you are going to use that only for personal use only.  I think higher chance
of paying your borrowed money is lower and you are at risk, you must able to create an income for the money you borrowed.


Yes it will eventually go up and the interest of it will possibly go up makes you filling up the interest gap coming from your own pocket and it is a waste.

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May 30, 2016, 02:02:45 PM
 #392

If your estimated gain is more than the lender's interest rate, you can say it is a very useful situtaion to borrow bitcoins.

But then borrowing bitcoins or borrowing money from bank is no different than each other, while except this forum is full with scammers, banks are usually safe.

Tldr; I wouldn't borrow or lend any btc's in this forum. Too risky.


I think borrow anything from any one is break the relation from others. So try to get as like as gift or buy on the situation. If any of us going to borrow and can't return on time it will break up tour relation.
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May 30, 2016, 02:03:07 PM
 #393

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.

You don't have to be that lucky in able to learn, what you need is knowledge. Once your borrow bitcoin, you must know what to do and where to
spend it and also give value for every satoshis you borrow. If you will do it, for sure you will become productive.



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May 30, 2016, 02:10:50 PM
 #394

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.

It's possible to get a loan if you can keep your account as a collateral but if you are in an emergency and need a huge amount, the only possibility is to get fiat from a bank else borrow money from a friend. Getting bitcoins in an emergency is not always possible unless you have a regular exchanger who can lend you funds anytime. You can try localbitcoins but there as well you will need to exchange money to get bitcoins...
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May 30, 2016, 02:37:14 PM
 #395

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.

It's possible to get a loan if you can keep your account as a collateral but if you are in an emergency and need a huge amount, the only possibility is to get fiat from a bank else borrow money from a friend. Getting bitcoins in an emergency is not always possible unless you have a regular exchanger who can lend you funds anytime. You can try localbitcoins but there as well you will need to exchange money to get bitcoins...

What I can think of if emergencies come is that you will go approach someone who you really know and borrow to him direct.
Because borrowing for a collateral will take a long time and needs to be review just like localbitcoins. Borrow in fiat and exchange in bitcoin
if you need bitcoin.



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May 31, 2016, 03:51:59 AM
 #396

Borrowing bitcoin is not really useful.  I would recommend you to barrow a paper currency and invest it by buying bitcoins.  And that you can hoard or circulate the trading procedure to make it grow or wait till the btc value goes up and sell it.  Thus it will be more easy to settle a credit thru paper currency that fluctuates slightly than settling a borrowed bitcoin that would have a higher value later and you will be loosing a lot from it if the difference of the future value would be higher than the borrowed value.

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May 31, 2016, 03:58:59 AM
 #397

Borrowing bitcoin is not really useful.  I would recommend you to barrow a paper currency and invest it by buying bitcoins.  And that you can hoard or circulate the trading procedure to make it grow or wait till the btc value goes up and sell it.  Thus it will be more easy to settle a credit thru paper currency that fluctuates slightly than settling a borrowed bitcoin that would have a higher value later and you will be loosing a lot from it if the difference of the future value would be higher than the borrowed value.

I guess you are right, we have the same thought, as long as I'm able to spend something and does not really need to borrow. Of course, I
won't borrow, not just the bitcoin I'm borrowing, of course the trust of the lender. And if I got troubled paying my debt, for sure.
The trust of lender to me will be broken.

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May 31, 2016, 02:17:32 PM
 #398

The rigth time to borrow bitcoin is when you know that price of bitcoin will go up in a couple of days,, you will pay the lender lower than your requested loan..  Grin

Yeah you're right. You borrowed the money and going to paid that instant once you get some profit on it when the price increase.
But I think the lender will still earn from it with interest.
You have to know that it can takes a long time until the value will be higher and that can be bad for the most people because not everyone have the patience to wait.
But if you want to borrow it you have to do it when the value is low so the chance is higher to make some profit with it.
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June 03, 2016, 03:30:44 PM
 #399

You have to know that it can takes a long time until the value will be higher and that can be bad for the most people because not everyone have the patience to wait.
But if you want to borrow it you have to do it when the value is low so the chance is higher to make some profit with it.

Well that counts that it is useful to borrow when the price is low, but as on what is happening today, I think price will not even get low for a mean time.
Its just going higher and higher so if you really need to borrow badly, you just need to think again about it.

It can be useful on that case but I still do not recommend you to do this because its just very bad in my eyes.
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June 04, 2016, 04:07:37 AM
 #400

If you borrow now and will just hoard it, it is nothing but a waste of time otherwise you are borrowing bitcoin from somebody that has no interest and that would be just fine.  If you borrow bitcoin for the purpose of making it as a capital for an investment if manage well could make a profitable income in the near future.

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