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Author Topic: When is it useful to borrow bitcoin?  (Read 78490 times)
delliaerd
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June 20, 2016, 10:34:12 AM
 #481

Personally, i more like looking for bitcoin by my self rather than borrow bitcoin. It is right that will take a long time to collect many amount of bitcoin but i more relax than I should have a pressure to pay it back.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.

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June 20, 2016, 11:17:57 AM
 #482

Personally, i more like looking for bitcoin by my self rather than borrow bitcoin. It is right that will take a long time to collect many amount of bitcoin but i more relax than I should have a pressure to pay it back.
But sometimes when borrow bitcoin to make a business which it is was integrated good business. May be borrow bitcoin is a solution. But make sure you will get back that money and take profit from your integrated business.

Me too, I'm avoiding to borrow bitcoin. Because when you have debt to someone you are really forced to pay for it. And your trust will be marked if you aren't able to borrow. It is useful to borrow bitcoin if you just really need it for emergency purpose and investment purposes.
But if you are just going to use it for your pleasures it isn't useful at all.



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June 20, 2016, 12:32:22 PM
 #483

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.
Yeah when is it usefull to borrow bitcoin i think it is not really profitable to borrow them now because the price is to high for now.
You are 100% right if you are gonna borrow some bitcoins right now you will not make a lot of profit and the fact is holding is now way better compared with other methods.
A borrow will make you confused and difficult to think and limited your step to reach profit, please never to try borrow bitcoin from someone. maybe better to borrow money from family and using this for your funds.


     
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June 21, 2016, 04:53:40 AM
 #484

when you need to buy something important and worthwhile but it has to give you a return on it so I'd borrow bitcoin to start a business I wouldn't borrow it to waste on rubbish crap like ps4's and garden tents.

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June 21, 2016, 04:55:21 AM
 #485

when bitcoin price rising and altcoin price fail, you can buying some altcoin with your loan, then after altcoin price rising, sell your altcoin and repay the loan.
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June 21, 2016, 08:00:11 AM
 #486

it is verry useful to borrow bitcoins but not right now because have you seen the price of each bitcoin and that is rising up above the 800 each so i think you should wait.
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June 21, 2016, 08:29:49 AM
 #487

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 loaning is almost the same as buying coins. You borrow when the price is stable and on it's low price. Im not suggesting to borrow this time because we see that bitcoin price is keep changing it's price, it's going up and down very fast.
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June 21, 2016, 08:40:31 AM
 #488

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.
Bitcoin will not going down soon and that is because you have to take a look at it, you can now see that the value of Bitcoin will be more worth so that would be really nice for people who already have Bitcoin.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.
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June 21, 2016, 11:16:48 AM
 #489


You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.

You have to keep in mind that payments from a borrowed money should be paid in just an exact duration of time.

What if the price won't rise in the duration of your loan? Borrow bitcoin if you really need it rather than takes it as an opporunity to make profits.

Also on the other hand, 1btc is 1btc. If you borrow 1btc you need to pay 1btc + interest. So where is the profits there even the price will increase?


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June 21, 2016, 11:25:48 AM
 #490


You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.

You have to keep in mind that payments from a borrowed money should be paid in just an exact duration of time.

What if the price won't rise in the duration of your loan? Borrow bitcoin if you really need it rather than takes it as an opporunity to make profits.

Also on the other hand, 1btc is 1btc. If you borrow 1btc you need to pay 1btc + interest. So where is the profits there even the price will increase?

It is very hard to borrow bitcoin if you don't have back up funds in case that you can't pay your debt.
You have savings in able to pay that amount. It is only useful if you are going to use the borrowed bitcoin for emergency needs.



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June 21, 2016, 01:45:39 PM
 #491

The question when is the borrow of bitcoins the best moiment i dont think there will come a new moment when borrow bitcoins is just profitable im sorry.
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June 21, 2016, 04:48:31 PM
 #492

The question when is the borrow of bitcoins the best moiment i dont think there will come a new moment when borrow bitcoins is just profitable im sorry.

It can be profitable but not right now because if you are just holding your bitcoins right now you already will make profit and get some cash.
Due to that holding is now better than borrowing..
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June 21, 2016, 08:22:22 PM
 #493

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.
Bitcoin will not going down soon and that is because you have to take a look at it, you can now see that the value of Bitcoin will be more worth so that would be really nice for people who already have Bitcoin.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.

Interesting to borrow with the purpose of speculation. Normally you lend money and earn with interest. Problem is what to do when the price is going up, Stop lending?
Tell me did this kind of borrowing worked well for you?
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June 22, 2016, 12:08:21 AM
 #494

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.
Bitcoin will not going down soon and that is because you have to take a look at it, you can now see that the value of Bitcoin will be more worth so that would be really nice for people who already have Bitcoin.
But the bad thing is that you cant even know what will happen later in the future and that is the problem with Bitcoin.
You have to borrow it when the value is low of Bitcoin so you have a higher chance that you can sell it with a lot of profit and that is perfect for yourself.
So around this time it wont be smart to borrow it because the value of Bitcoin is still rising.

Interesting to borrow with the purpose of speculation. Normally you lend money and earn with interest. Problem is what to do when the price is going up, Stop lending?
Tell me did this kind of borrowing worked well for you?

I guess lending with bitcoin is very risky kind of service here. Unlike lending in the fiat money, there is a stable procedure and value of money.
Unless you have agreement to signed online to work out it to both of you. And for borrowers, it is useful if you are going to borrow bitcoin for
building up your website, paying up services or for trading.

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June 22, 2016, 02:10:42 AM
 #495

The question when is the borrow of bitcoins the best moiment i dont think there will come a new moment when borrow bitcoins is just profitable im sorry.

It can be profitable but not right now because if you are just holding your bitcoins right now you already will make profit and get some cash.
Due to that holding is now better than borrowing..

I don't think its for profit or anything, Its just useful on anytime because everyone has sometimes problems with their monthly payments or something.
And if you than borrow your bitcoins you can pay them, its not always good to do but it can be good as well.
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June 22, 2016, 10:59:41 AM
 #496

The question when is the borrow of bitcoins the best moiment i dont think there will come a new moment when borrow bitcoins is just profitable im sorry.

Any time it could be "useful" if you really need the money but it isn't "profitable" because btc can drop in an instant while the Dollar value is more stable to the country but that is just my insight.

btc is a great way to lend money although it is dangerous to loan it.
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June 22, 2016, 04:38:48 PM
 #497

When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.

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June 22, 2016, 08:29:51 PM
 #498

When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.

That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.

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June 23, 2016, 03:15:47 AM
 #499

When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.

That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.

Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.

But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.


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hermanhs09
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June 23, 2016, 01:35:38 PM
 #500

When you have a assured return upon your investment or some sort of business, as a investment you can borrow. This will ease you while returning back the borrowed bitcoin. Else you need to pay unwanted interest rates for a long time.

That is true, you do not want to pay rates for a long period of time if you dont have to but it is useful to borrow bitcoin if you certainly need it or if you see a great investing opportunity or something, that's all in personal decision making so whenever you invest/take a loan go with your gut feeling on it.

Yes that's the true essence of borrowing if you really need it just borrow, but if you doesn't even need don't borrow. Because interest is not joke that will be put into your borrowed money by the lender.

But surely it will be more usefull if we intended it to invest or do something good wich we can benifit more than enough to our barrowed money, in that instance it barrowing money is usefull because we use it for good and im very sure even rich people doing it for the sake of more profits coming inside to their pocket.

I guess that's KIND of true but i dont recommend borrowing money to have any chance at losing it, borrowing is suppose to be when you really need it not when you want to make that money into more money, that isnt what borrowing is for.

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