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Author Topic: When is it useful to borrow bitcoin?  (Read 77501 times)
Laosai
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November 24, 2015, 07:35:18 AM
#81

Usually, people take loan when they need it to start a new business.
But IMO you should take loan just when you need it so much, such as when you get a rare opportunity.
Just borrow it when you truly need it Wink

Loans here on forum were usually not that big, mostly they only take loan when they need something to buy online urgent, some also take loan for gambling reasons. But most of the times, people ask loans for private reasons Cheesy

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November 25, 2015, 08:45:29 AM
#82

When you're using it for a purpose which intends to make profits more than the Rate Of Interest you're ready to pay for the loan amount.Its often we come across loan situations in an extreme emergency ,mostly to buy something very helpful or maybe in rare cases to short term invest.Care should be taken that you don't end up paying a lot of interest to the lender as you know he will likely end up earning more in the long run.

 

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blackmachinegun
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November 27, 2015, 02:39:40 AM
#83

its 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 Grin

tom555
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November 29, 2015, 06:09:03 AM
#84

1. when you need fast money,and no one lend you cash money,bitcoin will the best option.
2. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
3. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.
wikenpp
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November 29, 2015, 08:56:54 PM
#85

1. when you need fast money,and no one lend you cash money,bitcoin will the best option.
2. when the price is going up and up every day in a week,and at that time you dont have any bitcoin.
3. when you know that bitcoin price will up next month or year,you lend it for invest or store on your wallet.

This is the only legit reason to loan. ALthough it is risky but it could be quite profitable. You don't need much expertise is any field just buy and sell it for higher..

Quite easy right.
caliboy37
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November 30, 2015, 12:08:18 AM
#86

Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.
quentincole32
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November 30, 2015, 07:57:39 AM
#87

of course when bitcoin price is higher than tomorow,and that time you dont have any bitcoin,and sell it when you think it was a higest price,and when you looking for information,you will get fact that bitcoin will down again.

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EdenHazard
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November 30, 2015, 11:09:48 AM
#88

Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.

Optimistic boy! I guess its bad idea borrowing bitcoin in long term.
Not many people want to lend out their bitcoin for a long time.

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yenxz
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December 01, 2015, 06:42:26 PM
#89

You better collect bitcoin than borrow,earn bitcoin as you can,store it,collect it and you will dont have lend.
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December 01, 2015, 11:09:14 PM
#90

I think borrowing Bitcoin has big risks. If price rises too fast you can't pay your debt. I didn't need before but if I have no other choice then I'd never borrow big amounts in Bitcoin currency.


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December 02, 2015, 05:24:31 PM
#91

You better collect bitcoin than borrow,earn bitcoin as you can,store it,collect it and you will dont have lend.

Borrowing bitcoin sometimes help people when they have a trouble to buy bitcoin with their fiat money and they want to spend bitcoin urgently. Just like what happened to me last week, fortunately so many generous member around here in this forum help me out.

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PesiHUN
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December 07, 2015, 08:48:53 PM
#92

if u can make a big income fast and pay it back and still have good money

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Farma
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December 08, 2015, 12:53:12 AM
#93

if according to my experience, I just borrow bitcoin at critical moments, such as at the moment I do not have the money or bitcoin trading and I want to play, at times like that borrowing becomes very important bitcoin  Cheesy

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ThePlan
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December 08, 2015, 12:58:00 AM
#94

borrowing bitcoin is considered useful if it helped you in someways that is very important, example is if you need it to renew a domain, renew an account, pay for something that is important to you like utilities or house rent or monthly amortization
Straux
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December 09, 2015, 04:31:21 AM
#95

You take a loan of small interest do pay back a loan of big interest Cheesy repeat this until your interest is barely anything. Lol.

Some people take loans for gambling, I've tried once and ended up hundreds in debt.


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December 11, 2015, 03:15:38 PM
#96

It is useful if you can get a low interest rate and have a way to make more money than you are borrowing - obviously.  I don't borrow here but there are lending sites that I like to use for both borrowing and lending.  I meet people there that I trust.  One good one is LoanBase
XinXan
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December 11, 2015, 06:20:21 PM
#97

Borrow bitcoin for 1 year contract when it fall. Double borrowed bitcoin when price going up and profit.

Optimistic boy! I guess its bad idea borrowing bitcoin in long term.
Not many people want to lend out their bitcoin for a long time.

If you have a strong collateral they might but you could just sell the collateral honestly, I don't see any advantage in getting long term loans, in 1 year you would definitely be able to buy bitcoins so why borrow them?

nagatraju
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December 22, 2015, 12:03:26 PM
#98

Can I get a Small Loan here?  If any one help me in this matter, Please PM me.
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December 22, 2015, 12:22:57 PM
#99

I think most people borrow bitcoins for alt coin trading ?

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Indrawan77
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December 25, 2015, 11:57:56 PM

I think taking a loan is not a good idea, unless you already know a good investment and make sure that place is not a scam and you must make sure your investment can cover your loan interest

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