When is it useful to borrow bitcoin?

[praprata]

Its useful to borrow when you need the money for payments or to start up something that can let you make profit.
The fact is that you have to pay it back so keep that in mind borrowing cost money!

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[dc1a0]

The only time it is ever useful to borrow anything, be it bitcoin, fiat, or anything else, is when you will profit more from what you want to do with what is borrowed than it will cost to borrow, it's called leverage. Borrowing for any other reason at all is ultimately shooting yourself in the foot.

[Mr. Big]

The only time it is ever useful to borrow anything, be it bitcoin, fiat, or anything else, is when you will profit more from what you want to do with what is borrowed than it will cost to borrow, it's called leverage. Borrowing for any other reason at all is ultimately shooting yourself in the foot.

Exactly,if you cannot reproduce the money at the given time and pay it, then you fail with your plan and most probably it will be either you pay it and adding your personal money/bitcoin, or pay it later and pay the interest which keeps on increasing too as you haven't paid your debt... For personal purposes such as buying what you want, I don't think that it is advisable to borrow... 

[lOvE mE forEvEr]

It's useful if you are in need of bitcoin. Maybe something like emergencies?? or you just really need it for use.
Don't borrow or get a loan if you just want to gamble it or invest on some ponzi. It's not worth it to risk what you borrow.

[Capradina]

It's useful if you are in need of bitcoin. Maybe something like emergencies?? or you just really need it for use.
Don't borrow or get a loan if you just want to gamble it or invest on some ponzi. It's not worth it to risk what you borrow.

Wonderful advice and suitable for those who do not know something that should be looked at and something that can be done after getting something mandatory precedence. Indeed borrow something of an obligation to pay the Bill, because it is a loan that's for sure and if it is used for things that are not sure then it's going to be a big problem

[Zadicar]

It's useful if you are in need of bitcoin. Maybe something like emergencies?? or you just really need it for use.
Don't borrow or get a loan if you just want to gamble it or invest on some ponzi. It's not worth it to risk what you borrow.

Wonderful advice and suitable for those who do not know something that should be looked at and something that can be done after getting something mandatory precedence. Indeed borrow something of an obligation to pay the Bill, because it is a loan that's for sure and if it is used for things that are not sure then it's going to be a big problem

Its just a commonsense things to do, for those people  who  intend  to borrow money just to invest to a hyip or ponzi well they are just dumb enough to put their selves   on trouble in the future and for sure they would experience such debts because   investing on those things are  just  a waste of money.

[Altynbekova]

I would never recommend borrowing money or bitcoin or whatever cause with borrowing you make enemies only.
If you really have to borrow then make sure to make clear deals and be able to cough up the money on the deadline no matter what.

[agustina2]

I would never recommend borrowing money or bitcoin or whatever cause with borrowing you make enemies only.
If you really have to borrow then make sure to make clear deals and be able to cough up the money on the deadline no matter what.

Whatever the cause? Even for emergency and urgent purposes and you don't have really money left in your precious savings or wallet?

But well, yes it's really a common practice to make sure that you can pay off the debt in the given time so that you didn't give dirt to your name just for money.

[xIIImaL]

I would never recommend borrowing money or bitcoin or whatever cause with borrowing you make enemies only.
If you really have to borrow then make sure to make clear deals and be able to cough up the money on the deadline no matter what.

But in real life it's not like that Right. Most of the running their with the loan funded business and many people will need some borrowing in the situation like medical problems, financial crises in the business and many more. So I would say borrowing the not bad.

[martinacar]

It is useful to borrow bitcoin when you see the chance of making alot of money but just need a bit more capital.
With borrowing the problem is you have to return the money at a certain time + rent. It's better to get invested in then to borrow manually.

[Doamader]

I would never recommend borrowing money or bitcoin or whatever cause with borrowing you make enemies only.
If you really have to borrow then make sure to make clear deals and be able to cough up the money on the deadline no matter what.

But in real life it's not like that Right. Most of the running their with the loan funded business and many people will need some borrowing in the situation like medical problems, financial crises in the business and many more. So I would say borrowing the not bad.

Borrowing is not really bad if you have a good purpose but the thing is that when you need that for those kind of reasons I guess that is going to be hard if you are going to borrow bitcoins. Because you are going to convert that first with fiat, but I guess this is going to be a good last option if you have those problems indicated above and no one is able to lend you money.

The problem about medical problems or financial crises is that no one here is about to lend big ammounts without colateral, soo lets suppose someone here do wanna or need 1 bitcoin, if a trusted and reputable member of this forum it might have it but a normal full or senior or hero and legendary wont get such without colateral, its hard to trust into something you dont know, as people do say wanna loose a friend, lend him/her money.

[carlfebz2]

I would never recommend borrowing money or bitcoin or whatever cause with borrowing you make enemies only.
If you really have to borrow then make sure to make clear deals and be able to cough up the money on the deadline no matter what.

But in real life it's not like that Right. Most of the running their with the loan funded business and many people will need some borrowing in the situation like medical problems, financial crises in the business and many more. So I would say borrowing the not bad.

Borrowing is not really bad if you have a good purpose but the thing is that when you need that for those kind of reasons I guess that is going to be hard if you are going to borrow bitcoins. Because you are going to convert that first with fiat, but I guess this is going to be a good last option if you have those problems indicated above and no one is able to lend you money.

The problem about medical problems or financial crises is that no one here is about to lend big ammounts without colateral, soo lets suppose someone here do wanna or need 1 bitcoin, if a trusted and reputable member of this forum it might have it but a normal full or senior or hero and legendary wont get such without colateral, its hard to trust into something you dont know, as people do say wanna loose a friend, lend him/her money.

If we are talking about  money be sure you have a good collateral because  people nowadays for sure would  look into that thing before they would decide to give you a loan because   as you said   its very hard to trust to someone  you dont know and   money is valuable for us and we dont want to be scammed.

[Altynbekova]

I never loan money. Not in fiat nor in bitcoin. Reason is I don't think it s good to be in debt. If you need something save money and buy it. Don't live out of other peoples money.
Because loans can get you into big problems.

[South Park]

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.

[Doamader]

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.

The most people here do ask a loan for gambling purposes, soo its a high risk associated, and had becomed essential to all the loans requests has to had a valid collateral, those who ignores this will always be scammed, a lot of accounts being dumped on the last months over the loans requests.

[tabas]

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.

The most people here do ask a loan for gambling purposes, soo its a high risk associated, and had becomed essential to all the loans requests has to had a valid collateral, those who ignores this will always be scammed, a lot of accounts being dumped on the last months over the loans requests.

If people are just going to borrow bitcoin for their gambling purposes then that is really not going to be a useful way of borrowing. Because how they are going to pay it if they are going to be unlucky as they gamble, even though they have collateral still it is going to be a good reputation if you are going to pay it exact with bitcoins too.

[Doamader]

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.

The most people here do ask a loan for gambling purposes, soo its a high risk associated, and had becomed essential to all the loans requests has to had a valid collateral, those who ignores this will always be scammed, a lot of accounts being dumped on the last months over the loans requests.

If people are just going to borrow bitcoin for their gambling purposes then that is really not going to be a useful way of borrowing. Because how they are going to pay it if they are going to be unlucky as they gamble, even though they have collateral still it is going to be a good reputation if you are going to pay it exact with bitcoins too.

I do believe they really use those money the get when they left the colateral, usually the bitcointalk accounts, into betting, or gamble some are lucky enought and recover their accounts others, just buy and sell accounts and use the lending system here to dump the accounts, its a shady pratice but there is no way to know which and when the user will default a loan.

[Mr. Big]

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.

The most people here do ask a loan for gambling purposes, soo its a high risk associated, and had becomed essential to all the loans requests has to had a valid collateral, those who ignores this will always be scammed, a lot of accounts being dumped on the last months over the loans requests.

If people are just going to borrow bitcoin for their gambling purposes then that is really not going to be a useful way of borrowing. Because how they are going to pay it if they are going to be unlucky as they gamble, even though they have collateral still it is going to be a good reputation if you are going to pay it exact with bitcoins too.

I do believe they really use those money the get when they left the colateral, usually the bitcointalk accounts, into betting, or gamble some are lucky enought and recover their accounts others, just buy and sell accounts and use the lending system here to dump the accounts, its a shady pratice but there is no way to know which and when the user will default a loan.

Still, it's not a good practice to borrow bitcoin and gamble it, collateral makes it even, but it doesn't mean that you can still repeat borrowing at the same person except if your collateral could have a higher resale value... But anyway, the best and useful way to borrow is when you will be using it to earn more and the term of agreement between you and the other side is good... 

[jossiel]

I never loan money. Not in fiat nor in bitcoin. Reason is I don't think it s good to be in debt. If you need something save money and buy it. Don't live out of other peoples money.
Because loans can get you into big problems.

Me too I don't borrow bitcoins but I do borrow fiat money but if we are going to talk about borrowing with bitcoins. I won't do this because this is very risky.

And instead of borrowing bitcoins, what I am going to do is that I will going to borrow real money and that is going to be the medium will be used for buying bitcoins.

That is only applicable if I really need bitcoins.

[ajun96]

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.

I think to borrow the money you need a really urgent reason as you run out of money and did not have any way to earn money right away, maybe you ought to borrow money to someone. You should consider that interest will come, so use the best possible for loan