When is it useful to borrow bitcoin?

[senyorito123]

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.

Yeah because your borowing money and the interest will higher and the amount of your borrowed money is still same its not advisable really because its nothing happen and worthfull for your barrowed money but if they invest their barrowed money  they can make it multiply and earn  more and that is very useful things happen to barrowed money and theirs no wasting of time happens.

[boyptc]

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.

That's why don't borrow if you will not going to use it for an important like investing or if there's an emergency and you need fiat money. That's another
good reason for borrowing bitcoin and exchanging it to fiat.
That's only applicable if there's an emergency.

[wintermeasures]

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 think the right time to borrow bitcoin is if bitcoin prices are down and use that money to buy bitcoin as much as possible. or loans bitcoin when there is a sudden need as sick as possible. Don't borrow only for gambling, cloudmining or worse hyip. thank you

[boyptc]

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 think the right time to borrow bitcoin is if bitcoin prices are down and use that money to buy bitcoin as much as possible. or loans bitcoin when there is a sudden need as sick as possible. Don't borrow only for gambling, cloudmining or worse hyip. thank you

You are right it's one of the right time to borrow bitcoin. And yeah, most people borrow just to satisfy their gambling needs but that is not appropriate on borrowing, don't borrow if you aren't going to use it for an important use.

[tyz]

Well the best case to borrow Bitcoin is when Bitcoin price falls and when it falls more than the loan's interest.

For example, lets say Bitcoin price is $500 and you borrow 1 BTC for one month. The interest is 5%. You sell your borrowed Bitcoin immediately for $500. After one months, the price of Bitcoin declined 10% ($450). You buy back 1.05 BTC (loan + interest) for $472.5. Your gain is $27.5.
But this only works when Bitcoin is in a bear market for the entire phase of the loan time.

[Bitcoinbee]

One possibility in borrowing bitcoin to finance trading bitcoin will only be profitable if you manage to be having a strict monitoring of the market value. those slight drops and slight rises of the value is where you will be playing your trades.  You go offline then you will miss something, so i think it would be better for you to have a partner in your investment to have a 24 hour monitoring because even a small amount of gains will be a great value to your profit.

[MWesterweele]

For me borrowing bitcoins is not useful for me since i where a gambler and i waste monet because of gambling addiction.But for some people who is business minded for them borrowing bitcoins to serve as fund for their business is good as long as the borrowed funds are going to safe and they can pay it to the due date.But for some people borrowing bitcoin are bad because sometimes they cant pay it any more

[hermanhs09]

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 usually borrow coins when I need them for an investment, or when I have a really good offer that I simply cannot resist. For example, a really good steam game is on sale for bitcoin, but I haven't got any bitcoins atm, so I borrow some.

Always include collateral in your loan request because it's way easier to get a loan that way.

[Cozynunu]

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 usually borrow coins when I need them for an investment, or when I have a really good offer that I simply cannot resist. For example, a really good steam game is on sale for bitcoin, but I haven't got any bitcoins atm, so I borrow some.

Always include collateral in your loan request because it's way easier to get a loan that way.

It will be only useful when you are for sure that you are not losing any money with it otherwise it will be sin and that must not happen to you.
The best thing that you can do now is just wait for a higher value and you can even sell it later in the future with a lot of profit.

[sirohige]

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 usually borrow coins when I need them for an investment, or when I have a really good offer that I simply cannot resist. For example, a really good steam game is on sale for bitcoin, but I haven't got any bitcoins atm, so I borrow some.

Always include collateral in your loan request because it's way easier to get a loan that way.

It will be only useful when you are for sure that you are not losing any money with it otherwise it will be sin and that must not happen to you.
The best thing that you can do now is just wait for a higher value and you can even sell it later in the future with a lot of profit.

i think borrow coins for online investment is high risk except you not have other income to payback, someday i loan 0.4BTC (my real friend) to build new computer, im use the computer to earning bitcoin and i payback with some bonus in 2month.

[saiha]

For me borrowing bitcoins is not useful for me since i where a gambler and i waste monet because of gambling addiction.But for some people who is business minded for them borrowing bitcoins to serve as fund for their business is good as long as the borrowed funds are going to safe and they can pay it to the due date.But for some people borrowing bitcoin are bad because sometimes they cant pay it any more

Yes, definitely when a gambler borrows bitcoin just for the sake of their gambling pleasures, that's really not helpful and useful if you are going to
borrow with that kind of reason.

[Bitcoinbee]

For me borrowing bitcoins is not useful for me since i where a gambler and i waste monet because of gambling addiction.But for some people who is business minded for them borrowing bitcoins to serve as fund for their business is good as long as the borrowed funds are going to safe and they can pay it to the due date.But for some people borrowing bitcoin are bad because sometimes they cant pay it any more

Yes, definitely when a gambler borrows bitcoin just for the sake of their gambling pleasures, that's really not helpful and useful if you are going to
borrow with that kind of reason.

For gamblers borrowing bitcoin serves their purpose but chances to comply agreements has an indefinite time.  It will be only complied in the event that the borrower has the amount at hand but usually they extended the duration of the loan.  So it is possible for the borrower to be in debt and get broke.

[JesusHadAegis]

I think when you know you have a stable income here in btc then its okay to freely borrow as long you are not tempted to scam and not a gambling whore. Since i am enrolled in a campaign. I am thinking of completing my post count then borrow btc the same amount as my salary interest included. Because right now btc is on a high price and i really cant wait my monthly wage to come.

[boyptc]

I think when you know you have a stable income here in btc then its okay to freely borrow as long you are not tempted to scam and not a gambling whore. Since i am enrolled in a campaign. I am thinking of completing my post count then borrow btc the same amount as my salary interest included. Because right now btc is on a high price and i really cant wait my monthly wage to come.

Yes, just make you sure before borrow is you are able to pay it. And you have a good source of income in bitcoin, or if not make sure you can
just pay it through exchanging fiat money into bitcoin regardless the bitcoins price. But always consider don't just borrow for useless thing.
But borrow if you really need it for something important.

[Bitcoinbee]

I think when you know you have a stable income here in btc then its okay to freely borrow as long you are not tempted to scam and not a gambling whore. Since i am enrolled in a campaign. I am thinking of completing my post count then borrow btc the same amount as my salary interest included. Because right now btc is on a high price and i really cant wait my monthly wage to come.

Yes, just make you sure before borrow is you are able to pay it. And you have a good source of income in bitcoin, or if not make sure you can
just pay it through exchanging fiat money into bitcoin regardless the bitcoins price. But always consider don't just borrow for useless thing.
But borrow if you really need it for something important.

Borrowing bitcoins to make an expansion on your investments would probably be just fine as long as you have the profit generating capacity so as not to mind the interest to be paid upon maturity of the borrowed amount.

[Lokfar]

Borrowing will be not the best thing that you can do if you want to have some Bitcoin than it will be better that you are making an investment.
So you are not depend on others and you can just easily wait for a long time until the value will be higher.

[CryptoBjorn]

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 dont think it is very useful to borrow bitcoins right now and that is because the price of the bitcoin has rises allot these view weeks. So if you want to borrow bitcoins just wait a couple of time because the price of the bitcoin for now is not the best to borrow them now sorry you have to wait or have to pay.

[tabas]

Borrowing will be not the best thing that you can do if you want to have some Bitcoin than it will be better that you are making an investment.
So you are not depend on others and you can just easily wait for a long time until the value will be higher.

Borrowing bitcoin will be just useful if you really need it and there is something you need in a hurry.
And I think that's the most useful way of borrowing when you really need it ,but not for gambling.

[hermanhs09]

Well the best case to borrow Bitcoin is when Bitcoin price falls and when it falls more than the loan's interest.

For example, lets say Bitcoin price is $500 and you borrow 1 BTC for one month. The interest is 5%. You sell your borrowed Bitcoin immediately for $500. After one months, the price of Bitcoin declined 10% ($450). You buy back 1.05 BTC (loan + interest) for $472.5. Your gain is $27.5.
But this only works when Bitcoin is in a bear market for the entire phase of the loan time.

Yeah, as you said, although this is a very smart strategy, it does have some limitations.

a) You have to find a source that pays you exactly at market spot, otherwise your deal will be less profitable
b) You are taking on a risk of having a bull market in front of you instead of bear
c) I doubt you'll get a loan of 1 BTC that easily, without collateral.

[arwin100]

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 dont think it is very useful to borrow bitcoins right now and that is because the price of the bitcoin has rises allot these view weeks. So if you want to borrow bitcoins just wait a couple of time because the price of the bitcoin for now is not the best to borrow them now sorry you have to wait or have to pay.

In my opinion it is really ok to borrow bitcoin if you really seen a profitable program that you want to invest where you can benifit more than your barrowed money and thats really ok since you can pay your barrowed money as well as you get profit with, and if you barrower money just to stake for halving and have money to join the thrend for this halving is really a badest idea that will come to everyones mind because its like suiciding and staking for nothing your debt will be bigger while your barrowed bitcoins are at the same volume and thats totally bad idea will cross to everyones mind.