Have you ever borrowed fiat to get btc?

[Tramle091296]

On my experience i didn't borrow yet but. if in the certain situation that i need to borrow fiat to get btc. why no im willing to borrow.

[denzkilim]

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 already did it before. But my simple explanation is that Bitcoin is worth risking your money with. I've risk borrowing money from my friend just to invest in Bitcoin because I know that it is profitable. Good thing is that my money is doubled adter a couple of months due to the vast increase on its value whih made me able to pay the money I borrowed and earn extra profit.

I never borrowed to get some bitcoin and will never do it if ever have a chance to borrow. For me borrowing money to someone is more risky than investing in bitcoin because if you failed to pay the borrowed money on time there will be trust issues.

[charlotte04]

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.

Yes, I have borrowed almost 70% of what I have now just to start investing in cryptocurrency. I have borrowed that money from my mother and promised her that I will be a millionaire someday with this.

[Alexandr210774]

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 did not borrow it, and I will never do it, because it is very ricocated, especially with bitcoin. This is a non-existent crypto currency, with which you can get both a big plus and a big minus.

[A.Delaney]

I borrowed $100k to buy into crypto

Dang! That took some guts! I hope it all went well for you.

[fulmetal08larz]

I borrowed some money from my bank last August and bought BTC at $3k level and have fully paid what I borrowed last December upon selling my BTC at $18k level. There is nothing wrong in borrowing but one must exercise caution with it and know the risks involved. You must have extra income to pay for what you borrowed in case worst things happen. Borrowing money is what big corporations are doing to expand their businesses.

[safarabela]

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 never did. Borrowing money to buy bitcoin is very risky, I prefer to buy bitcoin from savings, than stored in banks I better use to buy bitcoin.

[tyuner4]

No, I have never borrow fiat to invest in Bitcoin. The only “borrowing” I have done is to buy Bitcoin using my credit card. But I paid the bill within the credit period.

[Spanopohlo]

Well as of now, I havent really borrowed money from anyone. I have my own to compensate for my needs and a little funding for my BTC. But, when it really calls to it like when suddenly bitcoin price goes really down and your money is not enough, I would really borrow then, buy some BTC and store it until its value gets Higher and higher. I will return the money I Borroed ASAP, baecause, I hate having borrowed money from someOne.

[Chris314]

No, and I won't do this, because btc investment is a risk. If btc value crashes one day, I won't be able to refund the loan I've done to buy btc. It's like people who sell their house or quit their job for btc, it's too risky.
Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.

[Lancusters]

No, and I won't do this, because btc investment is a risk. If btc value crashes one day, I won't be able to refund the loan I've done to buy btc. It's like people who sell their house or quit their job for btc, it's too risky.
Only invest what I can afford to lose. If I don't have money to invest I won't borrow some.

You say very rational. I think so too. But it is now, I can say that. When I started to join the bitcoin I did not have money to buy coins. To buy rigs for mining coins, I could not. So I had to take Fiat as a starting capital. It was really risky but I did it at the right time and so now have no shortage of money. Sometimes you have to take risks to change your life.

[creepyjas]

Nope. This is a bad practice. Not only in this scenario but in any way. Borrowing fiat to get something you don't know whether it will become an asset or just a plain liability. It can cause you problems if it doesn't give the outcome that you are expecting. It is always better to work hard to earn something you want.

[bit-freedom]

It is not advisable and I never borrow fiat to buy BTC. It is stressful to hold Bitcoin with debts and I think
It is easy to panic when BTC price dipped if I have debts to clear.

[Gintron]

I would not recommend borrowing fiat to buy btc. Invest the money you can afford to loose. Do not live in such an uncertainty.

 

[Aryadwipanggah]

Until now I have never borrow fiat money to get bitcoin, Because to get the bitcoin we can through the faucet is fairly free, join some bounty in this forum to get bitcoin

[A.Delaney]

I have considered signature campaign.

[echo11]

No ,I havent did it to borrow fiat to buy bitcoin,i can see that it was too risky to do it,we have different ways to earn bitcoin and i rather choose to be patient to earn it.Im here in this forum and joining signature campaigns inorder to own bitcoin..to strive hard is whàt i did and be more patient..but we cant blame anyone who get some loans to own bitcoin they are people who are risktakers and truly believe in bitcoin .

[gentlemand]

No. I've never borrowed fiat in my entire life for one single object. Sometimes I do wish i didn't give a shit about debt because people with that mindset can have a high old time if they don't care. The hangover will hurt though.

[BitcoinHunt3r]

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, but sometime my friends borrow me my money and i lend him/her my money. i have my belief that I better not have or be patient than to force myself and borrow from others

[mel0924]

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.

When I first known bitcoin I came into the situation of borrowing money from loan in order to buy for bitcoin and make some investments with cryptocurrency. Yes I got huge profit and I paid my loan amount but I came into realization that it is still good to invest bitcoin without borrowing fiat because investing in cryptos is so risky but if you are a risktaker then maybe you can.