When is it useful to borrow bitcoin?

[Jerry S]

borrow it when its high n return it when its low if its going to be returned as btc, if what u mean is that kind of thing

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[knowhow]

well borrow isnt safe anywhere even your friends and family may not repay you soo why to lend others ?banks assume the risk and for sure thats why they pay a low ammount at your saving and ask around 60% more to lend money to us.

[edric]

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.

There are P2P lending sites.  It useful if the interest rate is low enough to make money and if you need to hedge exchange rate risk or can use fiat exchange rates to decrease real interest.  If you have good reputation and a trusted circle of lending partners, it makes sense at times.

[eternalgloom]

I could see situations where it could be useful to loan some bitcoins here.
If you're short for some transaction andn are not able to buy any coins at that moment.

If you're a long time member and it's a small amount, I'd give you a loan.

[Blawpaw]

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.

If you have a pretty good inside info letting you know a certain coin or asset will seriously a price rise, I guess it can be very useful to have a Bitcoin loan in order to invest in that same asset you had the info on.

[ajareselde]

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.

If you have a pretty good inside info letting you know a certain coin or asset will seriously a price rise, I guess it can be very useful to have a Bitcoin loan in order to invest in that same asset you had the info on.

I just borrow when i know i'll strike a good deal that will save me the interest i'll pay on the loan itself. Basically, any loan is a good one if you know u'll be in profit on the end of the term with it,
the only bad loans are those that people take to pay off loans from before, creating a never ending circle, and paying off interests all the time.

[Sir_lagsalot]

You take a loan when you need to buy something right now, that will pay back what you put in.

[RealBitcoin]

Here's my 2nd thought:

It is only, and only, recommended to borrow in bitcoin:

1) If you have a solid stream of income
2) A solid business plan (if business loan)
3) Proper risk management or collateral
4) A solid default plan or some insurance, where the creditor can be recompensated if you cannot pay back.


There are many people who just take loans brainlessly, then cannot pay it back. Don't do that, always make sure that you are able to pay it back, and if you don't then you hold some collateral that can be released to the creditor in an event of default. We are tired of loan scammers.

[ranochigo]

It is still quite easy to take a loan out with your account as collateral, assuming that it has many constructive posts. There are plenty of trusted escrow around here, some don't require any fees and if you're trusted enough, you can even take a non collateralized loan with no interest. I find it useful if I'm urgently in need of BTC but I can't use exchanges as it would take too long or if I simply do not want the hassle of turning cash into BTC when my signature payout is due in a few days.

[irfan01]

I usually borrow bitcoin only when there is something big in the world of trading and at that time I did not have the bitcoin 

[pjsonowal]

borrowing funds is useful when you are having an emergency...and you are sure that u will pay the lenders back with their money....

but dont make it a habit as this may cause problem for you as well....

[bct-user]

actually back to your purpose, what your reason to do a loan some bitcoin? if you really need some funds to loan even if you can't loan to your family or friends, you can do loan here with trusted people and use trusted escrow too.
and your collateral is must equal as amount you want to loan.

[novadragon]

when your debt has soared and you did not have money, that's when you can borrow bitcoin 

[chanlance]

DESPERATE TIMES CALL FOE DESPERATE MEASURES.....IF BORROWING IS THE ANSWER WHY NOT

[maokoto]

When you know of a great Bitcoin opportunity and you do not have enough Bitcoin to go, borrowing them can be a way of getting it going.

If you are going to invest those Bitcoins, that is easier than borrowing fiat, then converting, then investing, then converting back to fiat to repay the person that borrowed you the money.

Just my 2 cents.

[RealBitcoin]

When you know of a great Bitcoin opportunity and you do not have enough Bitcoin to go, borrowing them can be a way of getting it going.

If you are going to invest those Bitcoins, that is easier than borrowing fiat, then converting, then investing, then converting back to fiat to repay the person that borrowed you the money.

Just my 2 cents.

I dont know, i mean didnt that happened in the current monetary system?

Nobody had money so they went and borrowed, but now they cant pay the debt and they borrow more...

We need to avoid this vicious cycle in bitcoin, lets not repeat history lol.

[NoRespect]

you should borrow bitcoin at critical moments, such as paying off the debt at the moment time, or things like that

[asa.convex]

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.

To be honest ,personally i dont know when the perfect time to do it and i also would like to get some loan here but without any collateral.. And even in the future i have alot Btc and i start to think giving some loan here, u am still dont understand how to startingany kind of bussiness in this Lending cash world
.

[adolf84]

The perfect time was when you find any kind if things or bussiness but you dont had bitcoin to buy it at the moment...

[TastyChillySauce00]

if you asking When is it useful to borrow bitcoin?, the answer is when the btc price decresased until 200$ and wait btc to the moon, just simple thing, and to invest or anything