Mark85
Newbie
 Offline
Activity: 9
Merit: 0
|
 |
February 20, 2018, 04:23:12 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
No,I haven't done that in my life. I mean you can earn big in bitcoin but it is very risky to invest especially when the money you use to buy bitcoin is from someone you owed . Try to join bounty campaign to earn bitcoin. |
|
|
|
|
cryptoalfs76
Full Member
Offline
Activity: 406
Merit: 100
▰▰▰ MODULE ▰▰	
|
|
February 20, 2018, 05:06:36 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
Will in my own experience,my first encounter in bitcoin that i have no capital,so the first things i should do is borrowing a loan to my cooperative so that i can raise a capital to buy a bitcoin in my local exchanges wallet,and after this experience i learn how to trading investment,and bounty hunting campaign,and now this is my other source of income aside from my job in the company. |
|
|
|
|
supermine
|
|
February 20, 2018, 05:16:31 AM |
|
If someone do this then he will be in the great danger because bitcoin doesn't give any promised return so it is not good to invest on bitcoin with borrowd money.In case if the bitcoin price crashed then the victim will be trapped.  So I always suggest the people to save your money in the form of bitcoin because bitcoin has good growth rate since it was launched o your saving will grow in some years but never invest the money that you can't afford to lose. |
|
|
|
|
|
josephpogi
|
|
February 20, 2018, 05:19:40 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
I never been tried borrowing from others since I work hard for my own coins and used it for trading.It is really good when you gained money from your own hardworking. And you still earning , we have to work and work and be patience when you are holding the coins for a long period of time. |
|
|
|
|
|
Budugbass
|
|
February 20, 2018, 05:30:00 AM |
|
Never, and so far i haven't bought a btc, even if i want to buy it or to do anything else related to crypto.. i won't borrow to anyone, because i feel the salary on my job is enough to fulfill it if someday i've an intend to doing that's purpose.
But in fact i think it's a bit risky, given the price movement is less certain, but indeed if it had mastered it.. will not get the loss/risky i guess.
|
|
|
|
|
|
deppil
|
|
February 20, 2018, 08:40:37 AM |
|
For me I did not borrow a fiat to get bitcoin and I never did. The market is too volatile to do such a thing. At the moment you may benefit and an hour later all your portfolios may be red, and it may take some time before recovering. The next time you will not be able to repay your debt and interest will always increase every day.  there are actually many facilities to borrow funds for trading. even in exchange like poloniex itself there is a special section for lending. there are lots of traders who do that and I don't know if they are profitable then can pay the debt or not. because I myself have never done that before. You're right that whenever the price goes up and maybe the price can be red when it's due time to pay debt, what would you do ? |
|
|
|
|
Noelbetty12
Jr. Member
Offline
Activity: 168
Merit: 5
Now You Can Be The Bookmaker!
|
|
February 20, 2018, 08:50:46 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
No, not yet. But if I would be given a chance, I dont think so. It's not good to start a business with a borrowed money and it doesn't seem so appropriate to do that. Remember that such money will have interest especially if it was taken from a lending company. What if your business fails? What are you going to do? So better spare a part of your income for that purpose. |
【 MARGINLESS.IO 】 (https://www.marginless.io/) 【Now YOU Can Be The Bookmaker!】 |
|
|
Zsywt1024
Jr. Member
Offline
Activity: 286
Merit: 8
|
|
February 20, 2018, 09:11:39 AM |
|
Such a risk is unbearable,I think only a very strong heart can do so For ordinary people, it is better to take part of your salary regularly than to borrow money  |
|
|
|
|
Zsywt1024
Jr. Member
Offline
Activity: 286
Merit: 8
|
|
February 20, 2018, 09:13:34 AM |
|
For me I did not borrow a fiat to get bitcoin and I never did. The market is too volatile to do such a thing. At the moment you may benefit and an hour later all your portfolios may be red, and it may take some time before recovering. The next time you will not be able to repay your debt and interest will always increase every day. there are actually many facilities to borrow funds for trading. even in exchange like poloniex itself there is a special section for lending. there are lots of traders who do that and I don't know if they are profitable then can pay the debt or not. because I myself have never done that before. You're right that whenever the price goes up and maybe the price can be red when it's due time to pay debt, what would you do ? As you said, those who have technology traders can，But there are many people who fail，So this may not be a technical consideration, but a person's risk appetite |
|
|
|
|
Chingchangfu
Jr. Member
Offline
Activity: 77
Merit: 7
|
|
February 20, 2018, 09:15:46 AM |
|
Nope never even think about it either ,
I think if you want to earn you should only use your money and never to borrow from others,
What if you ended up losing on your investment then it would be hard for you to pay up for your debt .
|
https://flogmall.com/
⚫ INTERNATIONAL E-COMMERCE SITE ⚫
⚫ FOR USERS FROM ALL OVER THE WORLD ⚫
|
|
|
weblouartisan
Full Member
Offline
Activity: 448
Merit: 100
Lets Go Adab
|
|
February 20, 2018, 09:17:16 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
It is not necessary to borrow fiat to get btc because you can work on bounty campaigns today and earn a decent amount of altcoins after then end of sale, in this way you do not need any capital to start holding a coin you are interested or for trading. |
|
|
|
verasity
Copper Member
Newbie
Offline
Activity: 405
Merit: 0
Verasity is a Protocol and Product Layer Platform
|
|
February 20, 2018, 09:18:25 AM |
|
Never and never will do.
|
Verasity is a Protocol and Product Layer Platform for Esports and Video Entertainment
|
|
|
LegendX
Member
Offline
Activity: 247
Merit: 10
|
|
February 20, 2018, 09:26:19 AM |
|
I didn't take that risk because you can never predict what is about to happen with the price. I hope I never have to borrow fiat to get bitcoin
|
|
|
|
|
iv4n
Legendary
Offline
Activity: 3360
Merit: 1192
|
|
February 20, 2018, 09:28:36 AM |
|
Never and never will do.
Never say never! You are in better financial situation then others and you didn't have to borrow money for your investments, but some people depends on that. With borrowed money the best thing you can do is to invest in something that will return you enough profit to have for repaying debt and to have for next investment. I didn't borrow money for bitcoins too, that I regret now. I could borrow some and to have a lot from that. I didn't have my own enough to earn big amounts, I could definitely be more richer now. That is the point of borrowing the money, to do something more with them and bitcoin is a great thing to invest and keep for future, consider that I'm here more then 2 and a half years, in that time bitcoin was very cheap. |
|
|
|
|
kdiag
|
|
February 20, 2018, 09:30:45 AM |
|
it's quite risky to borrow Fiat, to buy bitcoin and other currencies, I always used free money for purchases, since it can take a long time to get it, and I'll have to repay debts.
|
|
|
|
|
|
kiemponxs
|
|
February 20, 2018, 09:34:08 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
I personally have never done such a thing. the first time I joined the crypto, I tried to find experience and knowledge first before really investing or trading. yes, until now I have been quite happy to be involved with bitcoin and crypto. |
|
|
|
|
vina.lugtu
Member
Offline
Activity: 392
Merit: 11
🚀🚀 ATHERO.IO 🚀🚀
|
|
February 20, 2018, 09:40:23 AM |
|
I have tried this and for some reason it is working for me. My only advise is to borrow fiat from a friend and there should be no interest or collateral. I hope you have a friend who was willing to sacrifice their own money for your own good.
|
|
|
|
Sunyoto
Member
Offline
Activity: 574
Merit: 10
|
|
February 20, 2018, 09:48:36 AM |
|
I never borrowed and also never sold anything I have, because I with little capital for us there is no problem investing in bitcoin, so I do not need to borrow money.
If you want fast with little capital, for me a good way to get bitcoin with your trading would be nice to get a faster profit.
|
|
|
|
|
websoftwareengineer
Full Member
Offline
Activity: 364
Merit: 100
Blockchain with VTOS energy
|
|
February 20, 2018, 10:08:42 AM |
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
I tried to sell some of my assets before when in order to have capital on investing in cryptocurrency, i get a lot of profit but it really takes time since the market is volatile and we never know when will be the highest pumping will occur, you always need your patience if you want to earn a lot of profit in this industry. |
|
|
|
|
Sir Paijoe
|
|
February 20, 2018, 10:18:15 AM |
|
never ever...i prefer to make small investment each time i can cause this world is just taxes and debt for me pretty much. so for me is gonna be a long road but ill try my best
Maybe in a way like that would make us wiser and more calm and not panicked if bitcoin price drop, I am afraid borrow money for bitcoin investment because bitcoin price is hard to predict so I only use about 30% monthly salary to invest bitcoin. |
|
|
|
|
