When is it useful to borrow bitcoin?

[tabas]

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.

Yeah I'm doubting it also that someone will let him borrow 1 btc without any collateral unless he knows that borrower personally.
But even in the reality he knows it, people change when money is involve.

[Bitcoinbee]

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.

Yeah I'm doubting it also that someone will let him borrow 1 btc without any collateral unless he knows that borrower personally.
But even in the reality he knows it, people change when money is involve.

Yes it is, when resources of great value is involve without proper documents to support a claim would be risky if the other party will not play its part fairly.

[InsideBjorn]

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.

it is verry usefull to borrow bitcoins on the lowest price but i dont think i know that this is not the right time to borrow them men so just have a little bit patient and you will borrow them for less.

[praprata]

Its useful to borrow when you in a real need of money, other than that I cannot find a reason to borrow.

I also think if you really need the money borrowing can be done although it has risks so I would not do it if you just want to try it out because it can go really wrong..

[hawkins]

I think the right time to borrow bitcoin is when you play a trade, and get the information that there is a coin that cost would be very high. maybe it can make us a profit

[Babayega31]

Its useful to borrow when you in a real need of money, other than that I cannot find a reason to borrow.

I also think if you really need the money borrowing can be done although it has risks so I would not do it if you just want to try it out because it can go really wrong..

It can really go wrong if you use it in the wrong things like gambling and spending badly but theres nothinv really wrong in borrowing money even rich businessman do borrowing just to make their business go successful for more and thats very wise choice for people to get more successfull, and if you think we can be benifited more than our barrowed money well go well surely be rich by it.

[Cyaren]

I think the right time to borrow bitcoin is when you play a trade, and get the information that there is a coin that cost would be very high. maybe it can make us a profit

Yeah. Generally if I find a trading opporutnity that will yield me more than what the loan interest is, then I would go for the loan. Especially if the opportunity only lasts for a limited time.

It's also useful if you're wanting something immediately, instead of waiting for your pay and buying later.

[Bitcoinbee]

I think the right time to borrow bitcoin is when you play a trade, and get the information that there is a coin that cost would be very high. maybe it can make us a profit

Yeah. Generally if I find a trading opporutnity that will yield me more than what the loan interest is, then I would go for the loan. Especially if the opportunity only lasts for a limited time.

It's also useful if you're wanting something immediately, instead of waiting for your pay and buying later.

It would be a nice move if you could invest it right away knowing that you can make profits out from it.

[BossMacko]

there are many reason when to borrow bitcoin, every reason are always accepted for loans, but of course you need a good collateral depending on the amount you want to loan. because everyone can scam , but with a good collateral even the people who give loans doesnt trust you, he/she will give you loan because of that good collateral.

[elyas772]

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

[mrcash02]

Borrow Bitcoins to gambling on Dice, what do you think? 

I'm joking... For me borrow money never is a good idea. I don't like it, better to collect some coins day by day and economize to do what I want to do. Borrow money involves risk, and some consequences of this risk can be very nasty...

[Babayega31]

Borrow Bitcoins to gambling on Dice, what do you think? 

I'm joking... For me borrow money never is a good idea. I don't like it, better to collect some coins day by day and economize to do what I want to do. Borrow money involves risk, and some consequences of this risk can be very nasty...

Thw very bad thing for borrowing money is really matter on how you spend it and if you borrow money just to bet it for gamble well thats very wrong because their no gaurantee that you can ear or get profit for that knowing gambling can make us lose in the long run, but if you really use your barrowed money for good well its really nice and very good since you use it where you can be benifited more.

[romero121]

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

That's the right time to borrow, I too prefer the same when I have assured return of bitcoin I borrow and make the possibility.

[boyptc]

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

That's the right time to borrow, I too prefer the same when I have assured return of bitcoin I borrow and make the possibility.

I think it is also useful to borrow bitcoin, when you are just going to borrow small amount.
Since you are really going to pay that and you have the ability to pay it for just a small amount. So it can be useful and low risk , I guess.

[safari88]

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

That's the right time to borrow, I too prefer the same when I have assured return of bitcoin I borrow and make the possibility.

I think it is also useful to borrow bitcoin, when you are just going to borrow small amount.
Since you are really going to pay that and you have the ability to pay it for just a small amount. So it can be useful and low risk , I guess.

a good idea, I would probably do the same thing if I borrow large amounts. because if it is not in such circumstances, the risk may be very high and I can go crazy if I can not afford to pay back.

[tabas]

a good idea, I would probably do the same thing if I borrow large amounts. because if it is not in such circumstances, the risk may be very high and I can go crazy if I can not afford to pay back.

As long as you know that you can pay back for your borrowed money that would be useful thing to borrow. And regardless the amount, small or high amount just always know to pay on time. And use your borrowed money in right way.

[elyas772]

I would really borrow, when there is the opportunity to benefit very confident 100%. so I am not worried to not be able to pay back.

That's the right time to borrow, I too prefer the same when I have assured return of bitcoin I borrow and make the possibility.

if the situation like it, I even dare to borrow with big amounts, moreover it would benefit very much.

but I have borrowed for halving and it was really profitable. but is currently still hold, may be sell when it is closer to halving.

[salmanahmedone]

I think the right time to borrow bitcoin is when you play a trade, and get the information that there is a coin that cost would be very high. maybe it can make us a profit

If you are sure about some investments that can yield genuine profits only then you should borrow the bitcoins and invest. On the other hand if you borrow just to play gambling then if you lost in gamble then how will you return the borrowed amount to the lender ?  Lender should also make sure he is giving to a person whom is really needy and he has some surety that his lended money should be returned on time.

[Nouelle-Hunter]

I think it is just useful if you will use it on useful things also like investing or spending on emergencies on life.But ofyou will just gamble it then thats not useful at all.

[Newcoins2020]

I think the right time to borrow bitcoin is when you play a trade, and get the information that there is a coin that cost would be very high. maybe it can make us a profit

If you are sure about some investments that can yield genuine profits only then you should borrow the bitcoins and invest. On the other hand if you borrow just to play gambling then if you lost in gamble then how will you return the borrowed amount to the lender ?  Lender should also make sure he is giving to a person whom is really needy and he has some surety that his lended money should be returned on time.

With investments you never can be sure, so lending money is a bad thing to do. If you don't have the money don't buy it. It's as simple as that.
For emergency's make sure to have a back up fund and follow this rules, so you will never come into a situation where you have to lend.