Have you ever borrowed fiat to get btc?

[JMD07]

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 did not borrowed fiat I'm using my savings to buy 1,000,000 Satoshi out of my curiosity to know how it works as a beginner's in crypto. I want to fell the difference in having a funds as the volatility occurs. I realized that it's a good investment, the price is now climbing at $11k. Now, I will focus on my signature campaign in hoping that I can gain additional funds for my bitcoin.

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[50ouncebrew]

I borrowed $100 dollars to invest in btc in november.

[FutureToken]

No, I haven't borrowed any FIAT to buy btc. Regardless of how much I might support it, still the same rule applies to investing in btc - only invest what you can afford to lose.
If you have to borrow, you don't even have it, let alone can afford to lose it.

[luigidosado]

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 personally haven't tried it. Bitcoin's price is very volatile, it changes from time to time quickly. No one can predict if bitcoin's price will go up or down. And that's what makes it very risky for bitcoin as an investment. As a wise investor, I will never consider borrowing money to use it for investment or trading. I'd rather use my own money that to do it, I think just like what they say, Invest only the money you can afford to lose.

[Barbarian]

i don't want to dare borrow fiat just to put in btc. Maybe other does especially in mining. I'm scared to have debt. And  for me the reason why i joined in btc forum is to earn. Maybe i just save money from what i've eraned here then afterwards thats the money i will use in investing in mining.

And you should be, being in debt is one of the worst things that can happen to a person, I have seen the effects myself, I have known people that were very happy about their lives being completed depressed about the huge amounts of debt they are carrying and that they are probably going to carry until the end of their lives.

[Anphonsus]

Yes, I did. I borrow fiat from... my wife, part of our saving account (she's the boss you know).
The idea of borrowing fiat from banks or relatives to get btc never cross my mind. It's still a big risk that we took and there's always a chance that we wake up tomorrow and realize that somebody found a way to break the blockchain.

[JanuaryStars]

Nope! I would never borrow fiat money for the purpose of investment. Cause that would be counterproductive, that would then be liability and not asset.
One should invest if they don't have the capacity to do so.
Or at least if it is me.

[edhp]

i borrow from credit card companies. i get points. then pay them when it's due. win win if btc goes up as well.

[Heyyyrenz]

Nope, first thing is that I'm a student and of course no one's gonna lend me money because they think i can't pay them and so i made a goal in my mind which is to earn without buying any bitcoin through fiat or to borrow money to buy bitcoin. I started with a simple signature campaign and earn after i earned profit i divide it into 3 parts

•   Investment to ICO's
•   Investment to trading
•   Savings
And after some time i managed to have some investments and savings and right now i just circulating my profit, from the profit i've earned to investment and from investment to savings and yes it works for me until now. The thing here is that you don't need to borrow money or to buy bitcoin you can just work through forums, freelance site that pays bitcoin and use your profits and knowledge to invest to projects, ICO's and even trading.

[aimman]

I’ve just found myself wondering that I didn’t borrow even a dollar, at least for last ten years. Maybe it is because I hate to be a debtor, maybe because I can afford myself not to be one.
Anyway, it isn’t wise to invest money, that isn’t actually yours, so you can’t afford to lose it if anything goes wrong.

[xamil]

I did not borrowed fiat to buy bitcoin because, first its to hard to borrow money and use in investment and second i have my own money if i want to invest on bitcoin. But my income on this is enough for me to earn bitcoin maybe i need to hold until i have a good reason to sell it.

[candra raditya]

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 have never borrowed money to buy bitcoin, I just bought bitcoin from my savings. I think loan money is too risky if to buy bitcoin.

[WebTera]

One of the main rules in investing is never borrow money. Not at the Bank, not friends. Investments are associated with risk, and if you risk on someone else's money, you can drive yourself into a corner. I do not advise to start with this method.

[jancukiyah]

No, I have no idea to borrow fiat to buy bitcoin. Because I think it can be trouble maker for me. I think if I borrow fiat and then buy some bitcoin, and for the unpredictable the price of bitcoin down, what I can do if this thing happen? I just minimalize the risky that I can got.

[BagzMM]

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.

Due to volatility of this crytomarket It will be good choice not to borrow fiat money for investing in bitcoin. I follow the hard way in getting my bitcoin by joining some signature campaign and airdrops that will be a good way for me to learn the cryptoworld.

[bhabygrim]

Nope I never did ,But to be honest there were times when I was about to borrow some money to invest in bitcoin,
But thankfully when I told them about my plan they think that it was great but they don't have spare money to give.
And turns out my plan was a total disaster I was about to buy a alt-coin because I thought it would pump up but it ended up dropping down.

[bololord]

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 was working with this signature and earning money with btc. And by that I never tried to borrowed fiat for some investment or trading. I am working with my own to get money. All I need before is to have a load to get an internet connections. Now we have unlimited wifi with the money I received coming from bitcoin.

[Barcode_]

No, I don't think I will ever take out a loan from the banks, friends or relatives just for the purpose of investing into bitcoin, the idea of getting into debt just simply stress me out, so I would rather just invest with the amount of money I can afford, and I would advise everyone to invest with caution due to the huge volatility in the crypto-currencies trading market.

[severaldetails]

I do not think it is a smart thing to buy cryptocurrencies on borrowed money. Let your investment go sideways and you owe somebody money with no idea how to pay it back. Cryptocurrencies are still risky and to me depts are never a good thing. Because of that combination I would never use borrowed money for cryptocurrencies.

[Barbarian]

Nope! I would never borrow fiat money for the purpose of investment. Cause that would be counterproductive, that would then be liability and not asset.
One should invest if they don't have the capacity to do so.
Or at least if it is me.

This is correct the risk is multiplied many times if you borrow money, this is what fueled the mortgage crisis in the US since many people did not had the money to buy those houses and were in fact thinking they will be able to buy the house and then sell it for an higher price to someone else.