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Author Topic: Have you ever borrowed fiat to get btc?  (Read 1701 times)
creeps
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January 06, 2018, 11:33:59 PM
 #21

So far not yet, but I am planning to do so because I believe, I can pay for that including the interest through the profit that I can get with bitcoin but I'm still thinking because its too risky and there is no assurance that I can earn profit easily.
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January 06, 2018, 11:36:20 PM
 #22

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 just withdraw my savings then I purchase btc.  It's  my way of getting involved into trading that will serve as my future investment.  I am really happy because I already get some profit in trading.

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dharnamonitor
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January 06, 2018, 11:48:31 PM
 #23

I've never tried it, because I'm the type of person who doesn't want to have any debt. Since the time I started here I have never used other's money instead I just used my hard earned money because I have it and it was not necessary to borrow or to lend

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January 07, 2018, 12:00:37 AM
 #24

Well it seems risky to borrow fiat money to buy bitcoin. But my friend took credit from bank 2 months ago and he did it 3x in 2 months. And he paid back the main money. I know it is risky but it works as well.

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January 07, 2018, 12:00:59 AM
 #25

I consider it but I realized that it's a risk because I don"t have a concrete assurance that I can get profit.Even though Bitcoin has a big value now,you will always think first on how to pay what you have borrowed.However,if you really want to have btc and you don't have a capital to buy it then it's a good idea.It has been done by all businessmen in the world.Just prepare yourself if ever you failed and don't get despair.Always have positive thought.

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January 07, 2018, 12:20:02 AM
 #26

I'm thinking of it...but as I read some replies I will rather earn it and wait the right time.
Bitcoin is now too expensive.
I will just wait until I can join in bounty and earn some token that can be trade to bitcoin.
Hopefully I can join in good or legit ico.
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January 07, 2018, 12:43:50 AM
 #27

No, but I have refused to pay my credit cards for several months so that I did not have to cash out my undervalued coins...which ended up being worth it in the end Tongue
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January 07, 2018, 02:25:54 AM
 #28

I realize it’s a risk, because if I borrow money for this. My wife would kill me.  Grin
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January 07, 2018, 02:39:45 AM
 #29

No, i have not done that. I don't know if i'll do that in the future, but i prefer earning bitcoin freely rather than using my real money though.
But maybe if there's condition where i need to use my real money for bitcoin, and it'll gain me many profits, i'll consider that and start to do so.
Since i haven't got a job yet too, so it'll be hard for me to ask for a loan or something since they won't give us if we don't have a proper job and promising salary.

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January 07, 2018, 02:47:59 AM
 #30

I never did that, but I once sold my vehicle, to buy and get bitcoin, so I still have some BTC today. and still waiting for bitcoin prices up to $ 50000.

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January 07, 2018, 02:48:07 AM
 #31

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.
Since I can say that I am a new person in this industry, and I do not really understand about other Bitcoin technology support, I am currently participating in every appropriate signature campaign to get Bitcoin, because it does not use fiat to get Bitcoin.
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January 07, 2018, 02:56:05 AM
 #32

Never. , I think that borrowing money money and investing in bitcoin is not a reasonable plan. If already done, you have to take another risk due to flat money.
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January 07, 2018, 02:59:17 AM
 #33

I never borrow fiat, what I do today is collect some money to buy bitcoin. it does not matter if I have a bit bitcoin, because I'm more satisfied doing it.
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January 07, 2018, 03:02:16 AM
 #34

No, i haven't borrowed any money just to get or invest btc. I have challenged myself to get the most valued crypto currency in the cryptoworld by not putting up money or capital. I want to get it using my time and effort only through this forum and i did it. My hardwork pays off and it's a very good feeling that i made it.

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January 07, 2018, 03:15:55 AM
 #35

I haven't borrowed fiat to get bitcoins. But this thing was told for us to do. Mr. Val part of Nem industry, we need to gather friends and join our money together and get bitcoin and hodl for months/year.
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January 07, 2018, 03:20:14 AM
 #36

Years ago I used to borrow money to finance my business. Using other people's money is a wise move to finance your new venture. Since I already have extra cash for a new business, I used this to invest in btc. If I don't have money to invest in btc today my option is to borrow and I don't see anything wrong with that. Just make sure there's a big chance of succeeding.

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January 07, 2018, 03:31:30 AM
 #37

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'm glad that I haven't done it. But I heard there were people selling/mortgaging their houses to buy BTC. Borrowing money to invest in anything is the worst idea, no matter how safe it is I would still not do it. It's true if had borrowed money and invested in BTC he would had very easily profited but then there was a chance of it going the other way.
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January 07, 2018, 03:37:19 AM
 #38

I have never done that and won't be doing it in my entire life either. It is said that we should not be investing any borrowed money into crypto currencies and I find it to be really effective advise as borrowed money if lost becomes a burden on head of one person. It is better to wait until you collect a substantial amount of money to invest rather than to borrow it from another person. Cyrpto currencies are considered a risky investment and that's why many people even if they have their own money think twice before investing any money in it.

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January 07, 2018, 03:39:58 AM
 #39

No, I never borrowed and will never have plan to borrowed just to get btc. I always earned btc for joining campaign and earning from trading of different tokens that i received from different airdrops. So there are plenty of ways to have btc.

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January 07, 2018, 03:47:22 AM
 #40

some people say borrowing money for bitcoin is not safe but I did and it was a good experience for me.

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