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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
BitcoinPC
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June 23, 2016, 09:53:22 PM
 #501

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.

Normally people borrow money or bitcoins when they really needs money. Borrowing is not a good thing and is like a begging if you really dont need it to fulfill your urgent need.
Borrowing to invest to get more money is insane idea and it would not produce good results.

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June 24, 2016, 01:36:10 AM
 #502

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.

Normally people borrow money or bitcoins when they really needs money. Borrowing is not a good thing and is like a begging if you really dont need it to fulfill your urgent need.
Borrowing to invest to get more money is insane idea and it would not produce good results.

Yes i completely agree borrowing money is for the sole purpose of YOU NEED IT and you cannot change what you need, never borrow money to gamble or invest because it will end up screwing you over.
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June 24, 2016, 04:09:05 AM
 #503

Right now borrowing is not good at all, I would not recommend you to do this because the bitcoin is gonna rise and due to that its not smart at all.
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June 24, 2016, 09:45:37 AM
 #504

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.

Lending someone online is totally risky as you don’t have the sufficient knowledge on who that person is.

If you are wanting to borrow bitcoins, I guess the best way is to borrow flat money and then convert it to bitcoins which I think is way easier to do so. These online agreements by scammers are mostly just made up and you shouldn’t trust any of them.

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June 26, 2016, 09:43:15 PM
 #505

yes i think it is the best time to borrow bitcoin and hold them for the price increase. because it is expecting that in coming days the rate of bitcoin will cross the 900 USD limit. therefore it is the best option to borrow bitcon if some one really ready for that.
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June 27, 2016, 02:01:18 PM
 #506

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.
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June 27, 2016, 08:24:47 PM
 #507

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

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June 27, 2016, 08:53:52 PM
 #508

i think it is still useful to borrow bitcoin. if some one is ready to borrow you bitcoin then you are a lucky person, because to me it is the most perfect time to invest in bitcoin. because the halving is approaching and the rate is still very below i think even below the expectation. but the price can fly at any instant so i suggest you to borrow bitcoin as  much as you can and invest it. hope you will get a good profit before halving.
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June 27, 2016, 11:33:02 PM
 #509

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say today is not the right time to borrow bitcoin, because the price today is somewhat low. So whenever for the next days,
the price will just pump and you are able to pay that amount also on the value of bitcoin that time plus interest.

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June 27, 2016, 11:38:08 PM
 #510

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving
yes halving is the right time. return with the dollar. you borrow money in the bank and then buy bitcoin. you will benefit greatly for halving occurs. borrow money from now.

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HilbillyFred
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June 28, 2016, 01:36:26 AM
 #511

Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.
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June 28, 2016, 02:46:50 AM
 #512

Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

Yup Its useful to borrow bitcoins bitcoins only if you in real need of them because otherwise you should just buy them right away. Borrowing has a lot of disadvantages, and the lending fee is one of the disadvantages that is the biggest problem if you are borrowing it. I think you can better just not do this because it has risks.
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June 28, 2016, 04:03:47 AM
 #513

Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

I dont think the borrower will be scam because they are holding the money theyll high chance to scam the lender instead the risk their is if they dont spend wisely their barrowed money and just do it just for gambling and any other nonsense thing that instance is the risk of borrowing money.

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

Nah i dont agree for borrowing money just to save for this halving because your barrowed money will be the same for months pass and your debts will be bigger thats why you never be a winner if your mindset is that.

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June 28, 2016, 04:28:20 AM
 #514

Borrowing the bitcoin is very good if you need the money but keep in mind you also can get scammed due to this.
Keep in mind to borrow to trustable people.

How you are going to get scammed if you are the one who is going to borrow? The lender has the risk of getting scammed. I don't know how you are going to get scammed in borrowing. Because the lender doesn't have assurance that he can get paid by the borrower.



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June 28, 2016, 07:27:43 AM
 #515

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I am sure you know nothing.. 650$ is not great price to buy bitcoin. the right time for borrow bitcoin was 3 months ago when bitcoin price what under 400$.
now it is very expensive and you can't even know that if you borrow bitcoin today, then will you get profit or not? or may be bitcoin price drop again at the halving... everything can be possible,
although chance of its price increase is high but if I were in your place I will never borrow bitcoin at this price. now it is your call to take risk or not..
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June 28, 2016, 10:26:14 AM
 #516

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.


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June 28, 2016, 12:30:36 PM
 #517

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.


Let me explain it to you using the worst case scenario so most people would easily get it. Supposed that you borrowed 20 BTC @12$ each. The price doesn't seem to go up because the bitcoin was just starting. And then suddenly, when the payment date was approaching, the bitcoins price shoot up! It went from 12$ to 120$ each. Congratulations, you have to pay 10 times what you have borrowed + the profit of the loaner. I think at this point you should get the point and I don't have to explain further. Just imagine how much of a difference is that. From 12$ x 20 BTC to 120$ x 20 BTC:)

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June 28, 2016, 12:47:07 PM
 #518

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Because some other people sees some oppurtunity where they can earn more but they dont have money to invest thats why the barrowing option is the best thing to do that, and thats the reason why mostly of people barrow some money to grab that oppurtunity but their are lazy people barrowing bitcoin just for nothing basis and spending for nonsense thing like betting in gambling.



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June 28, 2016, 01:11:06 PM
 #519

the best time to borrow bitcoins
is when you can find anyone willing to lend them to you Smiley
especially with the forthcoming halving

That useful tip for borrowing bitcoin. But for me the best time to borrow bitcoin is only if you need it.
And if your reason for borrowing is for the upcoming halving that's a useful thing also.

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June 28, 2016, 05:15:42 PM
 #520

According to me borrowing bitcoin from unknown person is like get scammd as you font know but its good if you know a person and you can borrow btc when its prices are slashed down Smiley

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