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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
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June 12, 2016, 03:27:03 PM
 #441

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.
You can try to gather bitcoin for whenever you. It's better than you borrow some bitcoin. It's not easy to acquire some bitcoin from the borrower; maybe it needs some requirements before you accepted and acquired some bitcoin to you.


     
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June 13, 2016, 08:13:03 AM
 #442

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.

to be honest i think that you should never borrow bitcoins or money at all, because if you will borrow bitcoins you will have to give back much more because they are greedy

i think that if you very need loan then only for trading, when bitcoin price is large to sell them and then buy them again when they are cheap again to give back and get some profit

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June 13, 2016, 09:45:30 AM
 #443

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.

to be honest i think that you should never borrow bitcoins or money at all, because if you will borrow bitcoins you will have to give back much more because they are greedy

i think that if you very need loan then only for trading, when bitcoin price is large to sell them and then buy them again when they are cheap again to give back and get some profit

But you can really take out the fact that we need bitcoins to invest and what happen if we see good oppurtinity that we can surely get more benifits if we invested with it? Their comes that we need to borrow so we can have money to invest and thats good since we used our barrowed money for such good instance and surely we can pay our debts when we get our profits and surely we can earn more for that.
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June 13, 2016, 10:57:01 AM
 #444

I guess the right time to borrow bitcoin is when you are pretty sure of the investment you are entering in. that no doubt you know to yourself that you can pay back the money. and dont use it to gamble, thats not a wise thing to do.
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June 13, 2016, 02:10:29 PM
 #445

Its useful when you really need the money for the something other than that I do not see a very effective reason why you should borrow any bitcoins these days.
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June 13, 2016, 02:58:48 PM
 #446

Borrow 0.1 worth $70 now,  and payback later when the price go down to 0.1 worth  $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.

So maybe the correct answer are you may get a loan with high rate and  pay it back in less rate.

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June 13, 2016, 03:25:43 PM
 #447

Borrow 0.1 worth $70 now,  and payback later when the price go down to 0.1 worth  $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.

So maybe the correct answer are you may get a loan with high rate and  pay it back in less rate.

in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000  Cheesy
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June 13, 2016, 04:50:33 PM
 #448

Its useful when you really need the money for the something other than that I do not see a very effective reason why you should borrow any bitcoins these days.

when we need money, we would have to borrow. but you have to think that we need the money for something that is really important or not, and  you must get it back in quick time. at least borrow when you have a good chance to make a profit




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June 13, 2016, 04:59:30 PM
 #449

Its useful when you really need the money for the something other than that I do not see a very effective reason why you should borrow any bitcoins these days.

Effective reasons? Maybe for personal use whether for good or not. Also there's a so called urgent and emergency needs. We really don't know when it will come so even with the price increase of bitcoin loans are always there because people doesn't have the same situation.


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June 13, 2016, 05:06:20 PM
 #450

This weekend should serve as a reminder of how foolish it is to borrow BTC. Had I borrowed .5BTC on Friday and agreed to pay back in BTC I would owe say $280 in BTC plus any interest. But by today I would owe $350 pus interest. So I paid an extra $70 and that is just the principal. I still also owe interest.

Just buy them.

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June 13, 2016, 08:09:41 PM
 #451

I guess the right time to borrow bitcoin is when you are pretty sure of the investment you are entering in. that no doubt you know to yourself that you can pay back the money. and dont use it to gamble, thats not a wise thing to do.

This is almost imposible or looks like in this site...

you have to hire a escrow and use altcoins as collateral (this is something extrange because if you really need the BTC is best sale the altcoin, if some one ask for papers and you sent them, after that just dont answer back

so, is a bet ask for one and give a loan.

and the worst part, any one mark you as red just for because..   for anithing... thats wrong

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June 14, 2016, 02:19:34 AM
 #452


when we need money, we would have to borrow. but you have to think that we need the money for something that is really important or not, and  you must get it back in quick time. at least borrow when you have a good chance to make a profit

I think its possible to borrow bitcoins if you really need to pay something or something like that because other wise you can get in debt, you should only do it if you in trouble.
Other than that you should never do it because it has also very much risks if you ask me due to point you are borrowing something.

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June 14, 2016, 03:55:25 AM
 #453

What people already said if you really need the money it can be worth it but if you do not need any money why would you do this..
Borrowing has a lot of risks and there can go a lot of things wrong.
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June 14, 2016, 05:48:36 AM
 #454

What people already said if you really need the money it can be worth it but if you do not need any money why would you do this..
Borrowing has a lot of risks and there can go a lot of things wrong.

Yes you need to consider first the things that you are going to be used with the bitcoin you are going to borrow. And of course you are oblige to pay for it. And don't just borrow if you aren't able to pay for it, and you are just going to use it for gambling.



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June 14, 2016, 07:20:03 AM
 #455

Borrow 0.1 worth $70 now,  and payback later when the price go down to 0.1 worth  $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.

So maybe the correct answer are you may get a loan with high rate and  pay it back in less rate.

in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000  Cheesy
You have to do it when you are for sure that you are going to make some profit otherwise it will be sin and that is really bad.
But around this time it should not be that smart and that is because the value of Bitcoin started already to rise and that is nice for the people who already have Bitcoin.
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June 14, 2016, 02:40:39 PM
 #456

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.
The best moment to buy bitcoins is allways in the drop because the coin will always rise so i dont think this is the best time to buy them maybe more to sell them.
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June 15, 2016, 08:35:27 AM
 #457

Borrow 0.1 worth $70 now,  and payback later when the price go down to 0.1 worth  $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.

So maybe the correct answer are you may get a loan with high rate and  pay it back in less rate.

in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000  Cheesy
It is of course risky if you are borrowing your Bitcoin and that is because you dont even know what will truly happen in the future so that is risky.
But it should be nice if you can earn some money with it later but you cant control it so that is bad.
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June 15, 2016, 02:34:50 PM
 #458

Borrow 0.1 worth $70 now,  and payback later when the price go down to 0.1 worth  $40-$50 . Is it give you an advantage and very useful too right? But it is rarely happened.

So maybe the correct answer are you may get a loan with high rate and  pay it back in less rate.

in fact some week ago people borrow 0.1 ($50) and now he repay 0.11 ($77) so he lost arround $27, maybe you can borrow 0.1 bitcoin now with rate $700 and you will repay at price $1000  Cheesy
It is of course risky if you are borrowing your Bitcoin and that is because you dont even know what will truly happen in the future so that is risky.
But it should be nice if you can earn some money with it later but you cant control it so that is bad.

Because of the risk I also do not recommend you to borrow any bitcoin, it can let you lose a lot of money plus you can also get scammed.
Overall I find it too risky to do, maybe with a sort of service it can be done with some security.
eduardoariasmoreno
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June 15, 2016, 02:41:39 PM
 #459

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.
The best moment to buy bitcoins is allways in the drop because the coin will always rise so i dont think this is the best time to buy them maybe more to sell them.

he is asking for borrow mate, hehehe, im sorry for the correction.

Youre right dont borrow is better.

The Btc is groing and the alcoins not that much, so if you borrow with altcoin collateral you can have big loses...

Greetings.

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June 15, 2016, 06:07:15 PM
 #460

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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