When is it useful to borrow bitcoin?

[electronicash]

Why you should borrow w bitcoin? For the same reason that you borrow fiat, you should take a loan if you have an idea for a productive activity but you don’t have the bitcoin at hand.

like borrowing bitcoin inorder to invest to a coin which you know can skyrocket in a week.
and then payback with interest after you withdraw and profit. opportunities like these are suppose to be grab. If I only knew monero will go that high before a week ago, i might just sold the rest of my XAURUM and LTC to invest to it.

Ya for that you can do as this will be good, but what if that coin dont skyrocket and it fell below the purchase price, so their is always both side. If you want to borrow or get loan, then you should also have a valid collateral then only the lender will give you the loan as he also need the security.

That is why i said "IF I only know".. which means you would have to have inside information and to what is gonna happen in the next few days.
Let's say the Asian countries will soon be fighting over a disputed territories and war is almost going to happen in days. This is going to be an indication that JPY might just drop again and so the traders will soon go short on USD/JPY.

[senyorito123]

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes,  and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

There would be still equal but  the lender would  have the advantage since  the  borrower pays with his debt with  interest which is  normal in these kind of  lending  business. It doesnt matter  about the  inflation and fluctuations of  bitcoins price as long  their agreement if being followed.

No i think theres no equality to that state if the barrower doesn't give some collateral to the lender and suddenly flee, and theirs so many existing issue that scenario is happening in lending section so totally a big risk for barrowing some money is on lender, and surely they doesn't care about flactuation because mostly lenders doesn't have any TOS on that regarding to their service offered.

[Doamader]

It's anytime,yes anytime its a good day to borrow your bitcoin, and nowdays is a good day, bitcoin price is raise up,and will be take profit when tommorow that price is higher. Make sure you are borrow in right place with collateral,i'm also have plan to borrow some bitcoin in this forum

I would say that not anytime is a good time to borrow bitcoin. But if you have that kind of reason on why you are borrowing bitcoin then that is going to be useful at all. Because you want to earn with bitcoin and that is going to give you good profit if you are going to borrow a lot. But the question is how you are going to pay that if you are just going to hold it.

And there is only a fixed time required and people must pay the debt. What if the bitcoin price increase people expecting out of their loan didn't happen on a term period.

The result? Wrecked! So better borrow if you will only use if for main purposes.

Its their lose if the price will go up or down its because the barrower will pay accordingly on how much amount of btc he barrowed the lender and it is part of consiquences since they didn't looking up for flactuation changes,  and i don't think also barrower or lender thinking for that scenario since the lender will still earn for the little percent of the barrowers payments. But i don't see wrecking scenario on the part of lender or even in the barrower its because both manage the payments accordingly to terms and agreements of their deal.

There would be still equal but  the lender would  have the advantage since  the  borrower pays with his debt with  interest which is  normal in these kind of  lending  business. It doesnt matter  about the  inflation and fluctuations of  bitcoins price as long  their agreement if being followed.

No i think theres no equality to that state if the barrower doesn't give some collateral to the lender and suddenly flee, and theirs so many existing issue that scenario is happening in lending section so totally a big risk for barrowing some money is on lender, and surely they doesn't care about flactuation because mostly lenders doesn't have any TOS on that regarding to their service offered.

Well i can talk to myself i do loans based on the bitcoin ammount and not the value it has, being 500 or 700 dollars, for me makes no interest in the begining as i do charge in bitcoins, and as long my coins keep growing i wont be pissed is its worthing less then before.

[deepaksharma]

This is easy + difficult question.Obviously you should buy bitcoin when price is low.But no body knows that the price will go up or down next day.

[hero1111]

When the price is good you can borrow from somebody for long term if you feel bitcoin prise  will  change so much in this term and you can make more bitcoin with bitcoin you borrowed  and it will be usefull for you.

[Dadabong]

For me borrowing bitcoin as same as we give our interest to lender which mean we loss. So make sure that the time is precise when you decide to borrow bitcoin or you'll get trouble when you did not repaid the debt

[Braeron]

I dont think it is really useful to borrow bitcoins right now because the price if really high for the bitcoin right now so what i would do if i was you should wait a couple of time off course because the price will drop a bit.

[Altynbekova]

It's useful to borrow bitcoin when you have a plan which is safe in terms of profit return.
Borrowing cost money but if a small investment is all you need to make more $ then it's worth it.

[bitcoin-hunter]

I truly do not understand why anyone would take a loan or provide one in BTC. I can only assume that nine times out of ten it's for gambling or attempted scamming these days. It defies the laws of logic unless someone has left the banking system completely behind or is involved in a BTC only deal for a miner or something.

Maybe once upon a time it was a potential money maker if the price moved radically. That's not really the case at present.

Getting a loan on here should be as hard as humanly possible. It's not as if this scene has a great track record for honesty from the newest poster on here up to the most established heavyweights of the whole shebang.

 

Borrow bitcoins would be verry useful when the price of the bitcoin is really low as you all know the price of the bitcoin rises allot the last view days now he is up to the 600 dollar each so that is nice for us all.

[(o)(o)ilikeboobs(o)(o)]

It is never useful to borrow money or bitcoins as you have to give back more

[chaser15]

When the price is good you can borrow from somebody for long term if you feel bitcoin prise  will  change so much in this term and you can make more bitcoin with bitcoin you borrowed  and it will be usefull for you.

Don't considering loan just to take advantage of the price fluctuation. Loans have terms and take note of the price volatility. Also I doubt there will a be a lender that will allow a long term loans.

Also if you borrowed bitcoin you will return it as bitcoin no matter the current exchange rate is.

[daniahya]

When the price is good you can borrow from somebody for long term if you feel bitcoin prise  will  change so much in this term and you can make more bitcoin with bitcoin you borrowed  and it will be usefull for you.

Don't considering loan just to take advantage of the price fluctuation. Loans have terms and take note of the price volatility. Also I doubt there will a be a lender that will allow a long term loans.

Also if you borrowed bitcoin you will return it as bitcoin no matter the current exchange rate is.

true, we must also guarantee if we borrow a bitcoin, and if you are wrong in managing bitcoin may not be the results that you get even a loss

[Doamader]

I do lend bitcoins based on the ammount of bitcoin, i dont lend bitcoins based on the dollar price like, i wanna 50 dollars in btc and will repay 55 dollars in bitcoins. I do lend just 0,08btc and take 0,085btc, but i saw some people asking for such loans already. There is nothing worse to you lend and the person run away leaving an account to you handle or some other colateral.

[shinratensei_]

When the price is good you can borrow from somebody for long term if you feel bitcoin prise  will  change so much in this term and you can make more bitcoin with bitcoin you borrowed  and it will be usefull for you.

Well, I need a certainty I think you can explaining your explanation with more detailed like how many chances for me for a certainty the price of bitcoin will increase and never getting a down. and I can make more of bitcoin.

[elDano]

It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

[Zadicar]

It is never useful to borrow money or bitcoins as you have to give back more

But there are events that borrowing is going to be useful at all. Just like if you are a trader and you don't have enough bitcoins to your wallet address.
And you are still waiting for your earnings and there is an ICO that you want to invest some bitcoins. Then what you are going to do is going to borrow because you know that you are going to earn with it.

Well thats a  good intention  too when its  useful to borrow bitcoin but still it has risk even  you are relying on ICO you wont know  on what would be the price when it launches when you are lucky or that  crypto would sell high then  you would benefited and can repay your loan in no time but if not  then you would pay add up some amount to the borrowed money.

[dothebeats]

It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

Do you mean lend your own bitcoins to others? It might be another way to grow your own holdings, but of course you must ask for a collateral if in case the borrower defaulted, you'll have something that is worth the same value of the coins you lent. As for borrowing, I don't think it would ever be useful to the borrower. It might be if the borrower really needed the money for emergency purposes and can repay it however if he cannot and he gave no collateral, he would be in deep and serious trouble.

[Altynbekova]

Why you should borrow w bitcoin? For the same reason that you borrow fiat, you should take a loan if you have an idea for a productive activity but you don’t have the bitcoin at hand.

This is the right way to think you borrow it for the same reason as you would borrow fiat so if you have a plan to make some kind of money with it then you should borrow but dont borrow without a plan or just for a reason because borrowing will always cost money aswell so check how much return you will have before you do  it.

[martinacar]

It is useful to borrow bitcoin same way it is useful to borrow fiat. If you really need to borrow the bitcoin then you borrow it. Some people use it to profit so they borrow it and they turn it into much more then they pay back and are left with the profit. So it depends if you need it for a capital or for other cause.

[virusasog]

It is very useful to borrow your coins but not right now if you want to borrow your coins you have to wait then the price is at the lowest point you know that is the right time to do it for sure.

I think to lend a money It's all upto situations only no need to price value or something. I have that in btcjam is the one of the best place to borrow the bitcoin when in the need of business or for personal.