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Author Topic: When is it useful to borrow bitcoin?  (Read 78112 times)
chaser15
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June 28, 2016, 05:25:15 PM
 #521

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:)

I know that thing but I will explain it to you too.

Borrowed money has terms on when you will pay it. There's a duration of time which is not that long. What if in that duration of period price won't go the way you want? You are just adding the risk here plus your borrowed money also has interest so you are expecting a high price in that period of time.

Also if you borrow 1btc you must pay it in 1btc regardless of what the bitcoin price is.


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June 28, 2016, 08:16:09 PM
 #522

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.
Going through all of these replies, this one made the most sense to me. It seems as thoug signature spammers are just posting here to get paid.

On topic, I think it's best to borrow Bitcoin when the price is high. To make things fair, it is best if bitcoins were loaned with a 1:1 ratio; no comparisons to the USD. That was the question I asked all those months ago and in my opinion, when there is a dump, then is a time to borrow Bitcoin. Convert to fiat, then use the profit to pay back the debt several months later.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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June 29, 2016, 03:07:29 AM
 #523

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

How you are going to get scammed if you are the borrower. Tendency of getting scam from borrowing is the lender itself who lends the money.
And if he doesn't know the borrower then that's the tendency he would get scammed.



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Rainbot
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June 29, 2016, 09:27:23 AM
 #524

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.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.
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June 29, 2016, 09:34:55 AM
 #525

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.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin
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June 29, 2016, 04:24:27 PM
 #526

Users who have borrowed bitcoin few weeks back could have returned back the borrowed bitcoin with good profit in hands. Now too its good to borrow with the hope of price variation on halving.

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June 30, 2016, 06:52:12 AM
 #527

Users who have borrowed bitcoin few weeks back could have returned back the borrowed bitcoin with good profit in hands. Now too its good to borrow with the hope of price variation on halving.

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.

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July 01, 2016, 06:33:56 AM
 #528

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.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin

I dont agree for borrowing money just to have balance stake for this price rise event happening today, because it happens that your barrowed money is never increasing although the price will soar high and yet you will pay high to since theirs  loan interest will bust you.
And thats really a bad choice for borrower because you just barrowing for nothing

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July 01, 2016, 11:56:27 AM
 #529

Users who have borrowed bitcoin few weeks back could have returned back the borrowed bitcoin with good profit in hands. Now too its good to borrow with the hope of price variation on halving.

It is good to borrow a Bitcoin when you know that you can make some later a good profit with it, but that is indeed hard to know when you can make some profit with Bitcoin.
You must borrow it when the value is low so the chance is higher that you can earn money with it.

This is the most brief explanation on when it is really useful to borrow bitcoin. Simple as that.
Borrow if you can afford to pay for it. But if you borrowed when the price is low and the present price is high then you are really going to pay the bitcoins amount same to the borrowed amount.



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.BITVEST DICE.
HAS BEEN RELEASED!


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July 01, 2016, 01:16:27 PM
 #530

Users who have borrowed bitcoin few weeks back could have returned back the borrowed bitcoin with good profit in hands. Now too its good to borrow with the hope of price variation on halving.
That's right. So It's not good to borrow if the price is increasing but for the lenders they will take this as a good time to lend so they will profit to with the price increase that we're currently facing.
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July 04, 2016, 01:19:29 PM
 #531

When is it useful to borrow bitcoins i think the best tme to do it is right after a break or you can call it a drop off course. There are allot of people investing into the bitcoin
after the drop came. Than the price of the bitcoin is really low and you can buy allot of them and make more profit out of it,
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July 04, 2016, 01:51:04 PM
 #532

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 borrowing isnt actually worth it but it is my opinion.
Anyway it is useful to borrow if you are a really good trader and your insight shows you that btc should rise.
It is also useful when if u can find trustworthy btc casino where you can invest-the problem is % of interest rate of the loan.
If its bigger than getting profit from invest,it is not worth it of course ...
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July 04, 2016, 02:06:31 PM
 #533

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.
i dont think that the debts will so large as equal to the profit of bitcoin. i think it is a best time to to borrow bitcoin because the rate is increasing day by day and you will see a flight rockt in some days.

Borrowing of bitcoins can be beneficial when you intend to hold. Personally, I would borrow bitcoins when the price has exploded and I expect that it will fall at sometime. Given that sometimes there are very huge price changes, borrowing when the price is high will be profitable. When the price drops, you can do an exchange to get your margin

Borrowing of bitcoins or even any currency should not be done to make profits or for investment purpose. I think borrowing should only be done if you really in need of money to fulfill your very urgent need.
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July 04, 2016, 02:23:34 PM
 #534

The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rise moments.
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July 04, 2016, 10:01:03 PM
 #535

When you really need the money and you cannot find another way you can borrow, I must say there is mostly always a other method and I also would use another method.
I think borrowing is not good and one of the baddest options you could have take if you are doing this, its risky too.
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July 04, 2016, 10:37:50 PM
 #536

The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rise moments.

But i dont think thats the best choice since we know price higher rising will be occur if theirs halving we can wait for but in normal days i dont think its the best choice because you cannot really accumalate profits with it the only you get is your debt will be more higher and thats bad barrowing choice since you dont get any benifits from it.

When you really need the money and you cannot find another way you can borrow, I must say there is mostly always a other method and I also would use another method.
I think borrowing is not good and one of the baddest options you could have take if you are doing this, its risky too.

It depends on people where he want to use his barrowed money and if he just use it for nonsense thing just to have money to spend in some wasteless matters well thats very bad but if the people are wise using his barrowed money so he can earn more money from it i think barrowing is not bad if the mindset of people is to earn and thats why barrowing money have sense and never been bad if people are wise.

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July 04, 2016, 10:40:56 PM
 #537

It is useful when you need Bitcoin urgently

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July 04, 2016, 11:18:10 PM
 #538

It is useful when you need Bitcoin urgently

Yeah that's true, but the question is on what use you are going to use that bitcoin urgently. I think it is much better if you are going to put some reasons on why you need bitcoin urgently.
And for me it is useful if you need it for using it on an investment. But make sure you are going to grow it.

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July 05, 2016, 01:50:11 AM
 #539

The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rising moments.
what? it's not true, borrow is always having the best moment because from borrow you a limited time with they to pay off. borrow not giving a discretion for me, every time only giving a doubt to myself because you only have several time to pay off them with the interest. just not recommended to borrow. better for tou to searching th ebitcoin from little amount than to borrow bitcoin from someone.

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July 05, 2016, 02:13:59 AM
 #540

The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rising moments.
what? it's not true, borrow is always having the best moment because from borrow you a limited time with they to pay off. borrow not giving a discretion for me, every time only giving a doubt to myself because you only have several time to pay off them with the interest. just not recommended to borrow. better for tou to searching th ebitcoin from little amount than to borrow bitcoin from someone.

Just always remember that it is useful to borrow bitcoin if you really need it. And just borrow the amount that you afford to pay.
Because borrowing bitcoin is not just all about the amount but also the reputation you are getting.



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