When is it useful to borrow bitcoin?

[JeanMcCoy]

It is useful to borrow bitcoin only when you are for example a startup company and need a bigger capital. But then it's better to offer to invest in you as your return won't be quick and you probably can't pay back quick making the rent high.

[1715543456]

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[Icathia]

Borrowing any kind of money is never super useful and efficient cause it always costs money aswell setting you back etc.
If you a running a business and need a little bit more capital with a sure return of profit then borrowing is great cause it makes you able to take the oppurtunity which you couldnt take otherwise.

Yep borrowing bitcoin or any money for that matter is never the most smart decision just if you really need it.
I'd remember the option only borrow when there's is completely no other option left. Borrowing cost money and gives stress for paying it back.

[JeffBrad12]

I am not sure if it is useful to borrow Bitcoins, anytime. Sometimes we need to borrow because we haven't another solution, but i think it should being always our last solution

It is going to be useful to borrow bitcoins when you really need it for investments. Don't just borrow if your goal is just to gamble it and going to play in casino just to make it grow. But if your reason is for another capital for trading, then that is going to be the useful way of borrowing or borrow and convert it to fiat if you need cash.

useful or not depending on the users, but in my mind, someone is wanna for borrowing amount it's caused by the important things. forgetting about converting the fiat but your need focus on the date of payback if you are borrowing bitcoin. because that is will need a more priority.

[Antesth]

It is never so useful to borrow bitcoin cause borrowing bitcoin means you have to pay it back plus the rent too.
Only borrow when you really have to borrow and need to use it.

[Zadicar]

Borrowing any kind of money is never super useful and efficient cause it always costs money aswell setting you back etc.
If you a running a business and need a little bit more capital with a sure return of profit then borrowing is great cause it makes you able to take the oppurtunity which you couldnt take otherwise.

Yep borrowing bitcoin or any money for that matter is never the most smart decision just if you really need it.
I'd remember the option only borrow when there's is completely no other option left. Borrowing cost money and gives stress for paying it back.

Borrowing money to someone  should be in the last resort if  we are on emergency because  borrowing money and paying back with interest would  be hard for us  for more . Hardest part when do we  have lots of loan then we would definitely experience big deep debt.

[maydna]

Why didn't you try borrowing in a site, like BTCJam?
Your problem would be solved

i heard that btcjam is good site and got a good reputable from many people which using bitcoin and maybe this is a good idea for OP to try but the OP should be careful when borrowed on the site like btcjam, because i think it need real validation before we can borrowed some bitcoin from there. and unfortunately i never borrowed from that site or any people so i don't know how to do.

[chaser15]

i heard that btcjam is good site and got a good reputable from many people which using bitcoin and maybe this is a good idea for OP to try but the OP should be careful when borrowed on the site like btcjam, because i think it need real validation before we can borrowed some bitcoin from there. and unfortunately i never borrowed from that site or any people so i don't know how to do.

You just said it, you never have an experienced on that site so why pushing OP to that site? Also how come a lending site will lend money to others if they didn't know the personal details of the borrower.

Anyways borrowing at any lending sites isn't a good idea if people wants to borrow bitcoin. Maybe at last option it can considered.

[~Bitcoin~]

People usually speculate that they will earn enough to pay back after sometime and try to spend those amount before they get it in reality. So for that they have to ask for loan and obvously they also have to place collateral which is of higher value than the loan amount, so if what is expected not happen than either you have to pay via your pocket money or you have leave that collateral which is more valuable. So i don't think asking or borrowing bitcoin is good decision if you are not quite sure that you can earn and pay that amount back after expected period.

[Cozynunu]

If you want to borrow bitcoins you need to be sure that the price of the bitcoin is not at the highest position of that day off course and you need to make sure you have the right information about eht bitcoin without you cant work.

[HilbillyFred]

It is useful to borrow bitcoin when you see a good chance to make money but lack the capital. Only borrow if you know for sure you can profit from the borrowed money and also have an way out of it and a way to pay it back if it all fails.

[praprata]

It is never truly useful to borrow money or bitcoin. If you need to borrow it means you dont have it yourself.
And what you borrow you have to pay back plus more and your never sure if you can get that even if you borrow the money so borrowing is a big risk which ill never start taking.

[Doamader]

It is never truly useful to borrow money or bitcoin. If you need to borrow it means you dont have it yourself.
And what you borrow you have to pay back plus more and your never sure if you can get that even if you borrow the money so borrowing is a big risk which ill never start taking.

I provided loans here but in the general the most ask the loans to dump their accounts, outside here i do use poloniex and im able to get some profit over it, but nothing is safe, i do trust poloniex.

[Yutikas_11920]

It is useful to borrow bitcoin when you see a good chance to make money but lack the capital. Only borrow if you know for sure you can profit from the borrowed money and also have an way out of it and a way to pay it back if it all fails.

It is indeed something very true, indeed the advantage of borrowing is we can use it to support or dreams or the opportunity that we think it would work. but it must be done with thought and strategy that is mature enough. Because if we just look at something that has not been identified with a MADCAP action then it would be bad

[xIIImaL]

It is useful to borrow bitcoin when you see a good chance to make money but lack the capital. Only borrow if you know for sure you can profit from the borrowed money and also have an way out of it and a way to pay it back if it all fails.

How it will be profit buddy if you borrow the bitcoins you need to pay the interest also with that loan amount. If you are saying it is profit means you looks like a scammer around us and no one will believe it here buddy.

[socks435]

It is useful to borrow bitcoin when you see a good chance to make money but lack the capital. Only borrow if you know for sure you can profit from the borrowed money and also have an way out of it and a way to pay it back if it all fails.

How it will be profit buddy if you borrow the bitcoins you need to pay the interest also with that loan amount. If you are saying it is profit means you looks like a scammer around us and no one will believe it here buddy.

Maybe he is talking about giving loan with interest with collateral that they can earn with every interest..
Just like others do in lending section.. you should have collateral if you dont have a collateral you will lose if they not pay and no collataral you can not sell them.

[DomesticTrader]

It is never truly useful to borrow money or bitcoin. If you need to borrow it means you dont have it yourself.
And what you borrow you have to pay back plus more and your never sure if you can get that even if you borrow the money so borrowing is a big risk which ill never start taking.

I provided loans here but in the general the most ask the loans to dump their accounts, outside here i do use poloniex and im able to get some profit over it, but nothing is safe, i do trust poloniex.

I also think that its not very safe to do it, its that you always have to pay it back and that you can get scammed or something and than you will lose a lot of money.
I think its not worth the risks these days.

[JITENDERPAR3]

It is never so useful to borrow bitcoin cause borrowing bitcoin means you have to pay it back plus the rent too.
Only borrow when you really have to borrow and need to use it.

you are right , but here the matter is about need of borrow btc and save from scamming . if we are in profit with taking borrow of btc amd after return then there is no problem we should take btc loan at suitable interest .

[noictib]

It is never so useful to borrow bitcoin cause borrowing bitcoin means you have to pay it back plus the rent too.
Only borrow when you really have to borrow and need to use it.

you are right , but here the matter is about need of borrow btc and save from scamming . if we are in profit with taking borrow of btc amd after return then there is no problem we should take btc loan at suitable interest .

both of you right , but here i will suggest to everyone that always borrow loan at btcjam because there you can get bet offers and trusted person . here you need to beg but there you will find at you bidding .

[chaser15]

both of you right , but here i will suggest to everyone that always borrow loan at btcjam because there you can get bet offers and trusted person . here you need to beg but there you will find at you bidding .

Yeah you can get offers from trusted person but you think it's easy for those to trust you?

It's hard to build a reputable trust in that site since it has many fraud activities in their whole operation years. It's better to have some loan to the person you really know since you can modify the interest rates by chance.

[milewilda]

both of you right , but here i will suggest to everyone that always borrow loan at btcjam because there you can get bet offers and trusted person . here you need to beg but there you will find at you bidding .

Yeah you can get offers from trusted person but you think it's easy for those to trust you?

It's hard to build a reputable trust in that site since it has many fraud activities in their whole operation years. It's better to have some loan to the person you really know since you can modify the interest rates by chance.

Exactly, its  so hard to build trust between other people especially when it comes to money since us people  do have strict requirement on a specific person when we are  able to give him a loan or not.  Borrowing at first  would be hard  same as you said  but if you  prove  them on your legitimacy as a good payer then you would no have hard time to borrow money in near future. Others said  that we must  first borrow  to our closest  people who does make lending but lower in interest rates then its better  to approach them first.