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Author Topic: When is it useful to borrow bitcoin?  (Read 77528 times)
South Park
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October 06, 2016, 08:53:43 PM
 #821

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.



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October 07, 2016, 12:56:50 AM
 #822

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money  for  gambling is  not  a good idea on  any way because   it would  put  you  into  deep debt  on  long run especially when you are using it for  gambling  and    as we all know that gambling would  definitely lose up  our  money and doesnt guarantee sure profits.

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October 07, 2016, 05:48:27 AM
 #823

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.
Loans are too good for business purposes even in short term. I have experience in both bitcoin loans and physical loans, both were very much handy to solve my emergency needs.

But going for loan for gambling or other similar purposes is not recommended as you will need to pay back with some interest from your salary/other income source. It means you are throwing out some money for the need of your entertainment. It is very bad.

My small business of sari sari store came from a loan. The terms are not that long and I already able to pay back + interest on time.

We must take loans if we really need it not just on self interest. For business purposes we must put seriousness on that business so that we can able to pay back on time.

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Yutikas_11920
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October 07, 2016, 07:58:34 AM
 #824

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money  for  gambling is  not  a good idea on  any way because   it would  put  you  into  deep debt  on  long run especially when you are using it for  gambling  and    as we all know that gambling would  definitely lose up  our  money and doesnt guarantee sure profits.

Yeah and I think if the lender is going to ask you and you are going to answer that for sure the lender will going to back off and not going to reply to you anymore. Because why you are going to borrow just for gambling? The chances of winning in gambling is like 1/100 and how you are going to pay that debt if you got lose?

Indeed it is something horrible and can not be given the opportunity to investors. because gambling has no chance of very the individual to do this, most of the gamblers would certainly lose while doing his game, so it will be in disregard by investors who did understand about gambling



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October 07, 2016, 08:22:03 AM
 #825

It is useful to borrow bitcoin when you see a chance to make money with the bitcoin you are borrowing to turn it into a lot of profit and if you are sure you can pay back afterwards instantly plus rent.
Borrowing money costs money so be careful with it it's a system that makes alot of people get in trouble.
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October 07, 2016, 09:06:21 AM
 #826

Don't borrow bitcoin period, if you are trading with borrowed bitcoin and you lose then you are screwed. I see alot of people saying they would borrow if they see a good trade but imagine if the trade goes bad then you lose so much money cause you have to pay interest for the loan too dont forget that.
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October 07, 2016, 09:27:57 AM
 #827

Don't borrow bitcoin period, if you are trading with borrowed bitcoin and you lose then you are screwed. I see alot of people saying they would borrow if they see a good trade but imagine if the trade goes bad then you lose so much money cause you have to pay interest for the loan too dont forget that.
Yes, both trading and gambling are not recommended to go with loan money. Similarly, in my country loans are not being given for the purposes of stock market trading.
This is because of, the potential risk involved with trading and gambling. Fortunately, bitcoin trading is not that much risk involved as we are seeing many people are getting consistent profits from bitcoin trading.

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October 07, 2016, 10:55:08 AM
 #828

Don't borrow bitcoin period, if you are trading with borrowed bitcoin and you lose then you are screwed. I see alot of people saying they would borrow if they see a good trade but imagine if the trade goes bad then you lose so much money cause you have to pay interest for the loan too dont forget that.

You have a  point though but  if you are somehow sure  on a certain trade that you could  able  to  make profits  then its better to borrow bitcoin but you should  know the risk  when  outcomes would  go  on opposite ways. You are right    we would  lose money more and  would suffer  big debt.

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October 07, 2016, 02:36:31 PM
 #829

It’s useful for the very same reasons you borrow any other fiat currency in the world, the only problem its adoption and as such you cannot take a loan to buy a car or something, besides one of the problems with borrowing is that people do it for completely unnecessary reasons like buying something they don’t really need or gambling.

Indeed people tend to think bitcoin is different than fiat but actually it's very similar just different transfering ways.
Bitcoin is essentially money so when is it useful to borrow bitcoin? just replace bitcoin by money and then you can answer it yourself.
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October 07, 2016, 04:50:03 PM
 #830

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money  for  gambling is  not  a good idea on  any way because   it would  put  you  into  deep debt  on  long run especially when you are using it for  gambling  and    as we all know that gambling would  definitely lose up  our  money and doesnt guarantee sure profits.

Yeah and I think if the lender is going to ask you and you are going to answer that for sure the lender will going to back off and not going to reply to you anymore. Because why you are going to borrow just for gambling? The chances of winning in gambling is like 1/100 and how you are going to pay that debt if you got lose?
In fact you are mistaken as I have said if you go to the lending sub forum you will see people asking for loans for the explicit reason to gamble that money and they still get the loan if they are offering collateral.



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Lokfar
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October 07, 2016, 08:49:00 PM
 #831

If you want to accomplish something and you need money to make money its an option, you can than borrow because you will most likely than pay it back later easily.
If this is not the situation you should also not do it because its than too risky.
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October 08, 2016, 12:03:09 AM
 #832

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.

When you think that opportunity comes in your life. For example there is new opening online investment which is legitimate you invest in that investment site to grow your bitcoin. But it is advantage also that you have income in some other areas to pay your loan.
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October 08, 2016, 02:16:53 AM
 #833

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money  for  gambling is  not  a good idea on  any way because   it would  put  you  into  deep debt  on  long run especially when you are using it for  gambling  and    as we all know that gambling would  definitely lose up  our  money and doesnt guarantee sure profits.

Yeah and I think if the lender is going to ask you and you are going to answer that for sure the lender will going to back off and not going to reply to you anymore. Because why you are going to borrow just for gambling? The chances of winning in gambling is like 1/100 and how you are going to pay that debt if you got lose?
In fact you are mistaken as I have said if you go to the lending sub forum you will see people asking for loans for the explicit reason to gamble that money and they still get the loan if they are offering collateral.

Correct, lenders  would not  mind  if  what purposes  does the  borrower have as  long he has a  good collateral on his loan amount  then  they would surely agree on the   transaction because   no matter  what happens to the  money of the  borrower  the  lender wont  mind at all  since its his responsibility to repay back the  loan amount or else hes collateral would be at risk.

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October 08, 2016, 02:26:34 AM
 #834

If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.

There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.

But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.

Those  kind  of  borrowing money  would be  very  useful and  wise thing to do  because you use  it for business purposes  and   you could able to gain  profit with it. Borrowing money for the sake  of gambling  then  as you said  its really a shit  thing to do and you make  yourself   put  into a big problem in the future,
Yeah and the problem is widespread, I do not go to the lending sub forum that much but out of curiosity I saw some threads and a lot of users asking for a loan are doing it for gambling purposes.

Borrowing money  for  gambling is  not  a good idea on  any way because   it would  put  you  into  deep debt  on  long run especially when you are using it for  gambling  and    as we all know that gambling would  definitely lose up  our  money and doesnt guarantee sure profits.

Yeah and I think if the lender is going to ask you and you are going to answer that for sure the lender will going to back off and not going to reply to you anymore. Because why you are going to borrow just for gambling? The chances of winning in gambling is like 1/100 and how you are going to pay that debt if you got lose?
In fact you are mistaken as I have said if you go to the lending sub forum you will see people asking for loans for the explicit reason to gamble that money and they still get the loan if they are offering collateral.

Correct, lenders  would not  mind  if  what purposes  does the  borrower have as  long he has a  good collateral on his loan amount  then  they would surely agree on the   transaction because   no matter  what happens to the  money of the  borrower  the  lender wont  mind at all  since its his responsibility to repay back the  loan amount or else hes collateral would be at risk.

As an example it can be good to borrow some bitcoin when you really need the money to set something up or because of the fact that you need to pay something really bad.
The last reason is not the best reason to borrow bitcoins but of course its an option you can take.
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October 08, 2016, 06:33:31 AM
 #835

Firstly when you need it urgently than only borrow anything. Secondly for your business or trading purpose you can borrow it or also can keep it when you think there will be increases in price and than can return back with interest .


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October 08, 2016, 07:16:17 AM
 #836

Firstly when you need it urgently than only borrow anything. Secondly for your business or trading purpose you can borrow it or also can keep it when you think there will be increases in price and than can return back with interest .



when you are really sure that bitcoin price will be up in high price then its useful to borrow bitcoin but be careful about the fee that you should give back to lenders because the fee is another amount that we should thinking, i think the smallest fee is the better.

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October 08, 2016, 12:44:06 PM
 #837

Firstly when you need it urgently than only borrow anything. Secondly for your business or trading purpose you can borrow it or also can keep it when you think there will be increases in price and than can return back with interest .



when you are really sure that bitcoin price will be up in high price then its useful to borrow bitcoin but be careful about the fee that you should give back to lenders because the fee is another amount that we should thinking, i think the smallest fee is the better.

but nonetheless that borrow bitcoin has something a bad thing when we are wrong in a lot of cases, lent it to provide the information that most of the fraud perpetrated on loaning bitcoin. But it also depends on your belief because there are things that I think will not necessarily be true





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mishra1994u
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October 08, 2016, 12:45:41 PM
 #838

Actually i dont think at any point of time it can be useful to borrow the bitcoins.I am against the borrowing money for any kind of reason and bitcoins is also a form of currency which is also money so i am against borrowing bitcoins as well.
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October 08, 2016, 01:12:12 PM
 #839

It is actually not recommended to go for borrowing for any type of work, as borrowing bears risk if you are not able to repay back, instead of do some other work and earn it and then try to fullfill the work for which you were to borrow.

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October 08, 2016, 01:38:01 PM
 #840

It is actually not recommended to go for borrowing for any type of work, as borrowing bears risk if you are not able to repay back, instead of do some other work and earn it and then try to fullfill the work for which you were to borrow.

Well its a hard market and option to try to make a revenue from it, but i do believe a few of us which do lend here are getting some good results, as zazar he usually does loan any ammountss to a trusted group that requires his help.



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