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Author Topic: When is it useful to borrow bitcoin?  (Read 78531 times)
ultrloa
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August 19, 2016, 08:02:01 AM
 #581

I think the right moment to borrow bitcoin is, if we are in need of money for unexpected needs such as illness. Or purchase goods online, but the goods are really needed and can not be postponed to buy it. for investment I prefer to use my own money

Yeah, that's right, we should borrow money on those emergencies, and purchasing goods that are needed to earn, or if it is part of our workhorse such as memory module of your computer, but I think it is also good to borrow money if we are going into investment, but just make sure that you know the investment very well and the investment has a good record and you know you could pay the money on time and with interest aside from your profit..  Wink

Yes it would be useful to borrow if you use it in something that is really urgent or use it in an investment that you can generate money from and would provide you potential profit . I've read somewhere that using other people's money to generate your own money is one of the qualities of a good investor but being sure that he can repay the money he borrows so that it would be a win-win situation.

If you intend to borrow to someone so that you would have a fund on investing on things but  remember you must be  wise enough to put in a right investment so that  its a win-win situation because if you  put it on a wrong place  then you would  suffer big loss which is a really bad thing.


Well that is really going to be a benefit if you are going to borrow bitcoin for your investment. Just make sure you are going to have good investment and you know that you are going to earn from it. So, it is really going to be useful if you know what you are going to use with the bitcoins that you are going to use.

Barrowing for using as capital on investment is really good but the question is what investment type he will gonna use his barrowed money? because if he barrow just to have money to use in hyip investment well i can say this is ridiculous idea because you cannot gaurantee to earn with this thing, so the better thing we should do so we can use are barrowed money on wiser way is to use it for tradings or any other usefull things that you can benifited the most.



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August 19, 2016, 09:21:26 AM
 #582

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

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August 19, 2016, 04:47:30 PM
 #583

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge
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August 19, 2016, 06:41:47 PM
 #584

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.




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August 20, 2016, 04:06:32 AM
 #585

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.

It depends on how you balance those situation and on how you handle them. Making loans would depend  if you really need it  incase of emergencies either in your business or on  personal financial problems.  Its really a hard choice if you borrow or not because of those high interest rates which causes you to loan more just for paying on interest  of other loans. which is a hard situation.






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August 21, 2016, 02:24:59 AM
 #586

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.

but sometimes we have to take out a loan in order to keep our business afloat. so not much choice, you go bankrupt or maintain it. both are equally difficult.

It depends on how you balance those situation and on how you handle them. Making loans would depend  if you really need it  incase of emergencies either in your business or on  personal financial problems.  Its really a hard choice if you borrow or not because of those high interest rates which causes you to loan more just for paying on interest  of other loans. which is a hard situation.

Emergencies and for investment purposes are the only acceptable reason on when it is going to be useful to borrow bitcoin. But as you borrow you should not to forget your duty for being a borrower and your trust is being borrowed by the owner so that you can already fix your problem with it.
So, just borrow if you have stable price too.
AS a borrower  you shouldnt forget your duties on to pay those amount  you loan  on  your agreement the the owner because  if you are a hard payer  for sure  they wouldnt  give you a loan nextime because they know already your ways  on how hard do you pay your loan.

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August 21, 2016, 05:11:54 AM
 #587

Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.

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August 21, 2016, 07:58:54 AM
 #588

Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.


If do high interest loan They might cheat you also because people from the loan community mostly they do this only. If you do loaning means purchase one trusted account from the loaning site and use it.
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August 21, 2016, 01:46:23 PM
 #589

Probably when you see a good opportunity and need money right now and not to wait on it . You can afford a high interest on the loan since you taking it for a good opportunity you see. It is different on a long or short term loan. So of you know you can make money but if you only had some then you take a short term. If you have an investment in good interest then it can be long term.

I dont agree borrowing should be done on seeing an opportunity . I think borrowing should be avoided and should only be done if you need urgent money and you dont have it at the moment.

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August 21, 2016, 03:19:00 PM
 #590

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.


That's my personally reason for avoiding the loans from everyone because I think the interest is always high, and you don't predict what will happen in the future, whether you will pay back you loans or nothing. just take a decision with low risk in the future.

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August 22, 2016, 12:31:09 AM
 #591

When it is useful to borrow BTC I think oneself could consider borrowing money if s/he is sure that he can pay the BTC earlier than the given time, cause borrowing money is convenient if you will use it to a right purpose.

A man before BTC was less than 150 per each he borrowed money from a bank and pay it ever since then he sell the BTC when the price tripled his money.
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August 24, 2016, 04:15:42 AM
 #592

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.
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August 24, 2016, 05:00:23 AM
 #593

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.

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August 25, 2016, 01:21:32 AM
 #594

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.
IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.

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August 26, 2016, 02:05:25 PM
 #595

Better buy bitcoin while the price is lower. Maybe you will never its price like this. Borrowing bitcoin is better when the interest is low. Check or visit the lending section. Check if the interest are low. Ofcourse you need something to stake. I suggest do not borrow, better earn some money and buy bitcoins. If you are too needy then you have no choice but to borrow.
although the interest is low but maybe that is will become burdens for your self you can't think with freedom in your minds and always thinking about the date of pay off and paying the interest. you will never feel comfortable with using borrowed way.

Businessman very closely with freedom in every case and it is indeed a very heavy burden to give something if business people. If you want to get something big and the maximum is indeed we should avoid loans. Because in the loan we have to pay the loan principal and interest is huge

yes as much as possible we should avoid loans, especially if you borrow from a bank or money lenders who have high interest rates.


That's my personally reason for avoiding the loans from everyone because I think the interest is always high, and you don't predict what will happen in the future, whether you will pay back you loans or nothing. just take a decision with low risk in the future.

Interest rates are the thing are holding me to borrow  or having a loan to someone because you might not able to pay if they  pile up big interest on your loaned amount.  Like as other said you wont know what would happen tommorow  it might be good  or bad and it may affect   that you may not pay those loans and  they continue to grow overtime which is a really bad situation.






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August 26, 2016, 02:22:01 PM
 #596

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.
IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.
but in reality, bitcoin prices are difficult to predict, so we do not know the exact time when the price of bitcoin will rise or fall. but good if bitcoin prices so low it was the right time to borrow and buy as much as possible. I mean the lowest prices under $400.
I myself might borrow when I saw there was the potential profits are really convincing. because when it I was able to return it and not worry.

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agustina2
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August 26, 2016, 03:26:23 PM
 #597

Interest rates are the thing are holding me to borrow  or having a loan to someone because you might not able to pay if they  pile up big interest on your loaned amount.  Like as other said you wont know what would happen tommorow  it might be good  or bad and it may affect   that you may not pay those loans and  they continue to grow overtime which is a really bad situation.

Well there are situation that people needs to face the high interest loan to take care of that emergency problems. It is really a common cases in every part of the globe especially for the poor ones.

That is really part of some families experience worldwide and we are not in the position to give some strong advices since we don't know the feeling of being there in their standard form of life.

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adibe
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August 26, 2016, 03:43:51 PM
 #598

For me, the usefull to borrow bitcoin is when you confident and sure the price of bitcoin will increase. Like me, i already predict the price of bitcoin will increase when the halving come and i borrowed 0.1 bitcoins and it's give me profit.
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August 29, 2016, 06:04:02 AM
 #599

I have 2 reasons:
1. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
2. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

for 1st reason i agree with you, borrow at highest price selling the bitcoin then buy back at lower price, so we can take profit at bitcoin. for 2nd reason i think better we borrow fiat currency, then buy bitcoin, after price rising we can seel it and repay the loan.
IMHO it is just same , borrowing bitcoin only when you need.
If you borrow bitcoin for the sake of profit because you know in the next days or months the price will go up.
Then it is better to not get loan in bitcoin , but in fiat money Yeaa.
but in reality, bitcoin prices are difficult to predict, so we do not know the exact time when the price of bitcoin will rise or fall. but good if bitcoin prices so low it was the right time to borrow and buy as much as possible. I mean the lowest prices under $400.
I myself might borrow when I saw there was the potential profits are really convincing. because when it I was able to return it and not worry.

But still a risky thing to do since you wont even know or guarantee that bitcoins price would  rise easily or  on a short period of time. How about  to your promised loan to someone?  how would you pay that if you rely on the  bitcoin price movements. FOr sure you would have a hard time.

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August 29, 2016, 12:17:13 PM
 #600

If your estimated gain is more than the lender's interest rate, you can say it is a very useful situtaion to borrow bitcoins.

But then borrowing bitcoins or borrowing money from bank is no different than each other, while except this forum is full with scammers, banks are usually safe.

Tldr; I wouldn't borrow or lend any btc's in this forum. Too risky.

I'd say the same. Unfortunately, it is very rare such a situation comes up due to the insane interest rate. If it wasn't for something real special where I was prepared tp lose money, I'd go to a fiat bank instead and buy BTC.
There are allot of moments when you need to buy your bitcoins and that is offcourse on the best moment when the price if that low. But i dont think allot
of peopel are searching for that moment and me neighter because you just need to know when to invest into it and not just waiting for the most commend moment.
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