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Author Topic: Have you ever borrowed fiat to get btc?  (Read 1693 times)
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March 11, 2018, 08:57:07 PM
 #341

yes, personally I am, yes, I believe in bitcoin, even when it was for thousands of bucks I believed that there will be growth and soon it will be more like other coins! buy!))
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March 11, 2018, 11:16:39 PM
 #342

I thought about it for a long time, I wanted to buy bitcoin for a lower price. But now I understand that I did the right thing, that I didn't buy it
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March 11, 2018, 11:21:13 PM
 #343

yes, personally I am, yes, I believe in bitcoin, even when it was for thousands of bucks I believed that there will be growth and soon it will be more like other coins! buy!))
I already did it before when I need to pay bitcoin for my investment. I converted fiat into bitcoin to make that transaction. But it was not that huge amount. Because as the time goes by I started earning more bitcoin through bounty campaign. It was worth it to be honest because it helps me to start earning bitcoin.



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March 11, 2018, 11:25:47 PM
 #344

Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
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March 11, 2018, 11:30:49 PM
 #345

Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
It's not normal ,its risky . you must invest from your earnings, unless those borrowed money is from your parents then it can be but if from friends its like doing gambling, earn that investment.
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March 11, 2018, 11:37:41 PM
 #346

No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.

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March 11, 2018, 11:43:26 PM
Last edit: March 12, 2018, 09:38:29 AM by beej
 #347

Yes I had done so numerous times and payed them back with interest afterwards.
It's not just a mere necessity, actually it's quite optional. But in my case when I see
an opportunity to buy coins at staggeringly and surprisingly low prices, I immediately
begin to think immensely of buying or purchasing low and selling high at some point.
It is pure strategy and it's what I've learned from everybody. It's my positive approach
to a negative day in cryptocurrency. And it is risky too, since we can bitcoin as we know
is extremely volatile. Reassurance is the key to borrowing fiat to buy btc, always be a
man of your word.
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March 11, 2018, 11:50:03 PM
 #348

no and i don't thing is a nice ideal, because borrow fiat money to invest in bitcoin can cost high blood pressure especially when the people is just new into crypto-currency
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March 11, 2018, 11:54:28 PM
 #349

I have never borrowed good capital to any party. because the time before I invested in bitcoin world I already have savings deposits of money. I finally use for bitcoin investment capital

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March 13, 2018, 04:16:36 PM
 #350

No, but I used all mt fiat from my salary to buy laptop for me to used in joining the Bitcoin community, since phone is driving me crazy of it's small screen and at least it has word counter when I encode or type my answers.

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March 13, 2018, 04:19:14 PM
 #351

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 didn't and I don't have any plan to borrow fiat for btc. I believe that if we really want something then we should work hard for it. What we want to get should be something that we must work for. What I earned here in crypto were just my reward for focusing on reaching my goals here. By joining campaigns and trading sometimes. It is just a matter of patience and perseverance.
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March 13, 2018, 04:48:54 PM
 #352

Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
No it's not normal, normal people are not going to borrow money in order to invest in something that is so volatile if you lose your money and the probabilities are high that you will, they you will be in a  worse shape than when they began with no money, no bitcoin and more debts.
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March 13, 2018, 04:56:45 PM
 #353

Borrowing money is normal just to get Btc. Because of thinking that it will had a high return on it. It is normal to borrow when you had nothing money to invest on it as long as you had capacity to return it back with interest.
No it's not normal, normal people are not going to borrow money in order to invest in something that is so volatile if you lose your money and the probabilities are high that you will, they you will be in a  worse shape than when they began with no money, no bitcoin and more debts.
You are right, why still have to borrow if you can get bitcoin through rendering your service in exchange for just a couple of your time, you need to work hard here if you want to earn and it is not good habit to always borrow money from other people.
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March 13, 2018, 04:58:59 PM
 #354

I haven't borrowed money just to invest in bitcoin. I'm not confident if I'll use the money of others to invest for my personal investment or for personal use. I know this strategy works for others and its like they are making money out of the pocket of others but I'm not that type of person and its better to put my own money at risk instead of others. The market is too volatile and there's no assurance if the agreed date of payment will be followed because bitcoin's value is fluctuating most of the time.



 

 

 

 

 

 


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March 13, 2018, 05:00:50 PM
 #355

No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.

It is high risk investment and personally I think it is not clever to make such investments with someone elses money.

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March 13, 2018, 05:05:55 PM
 #356

No I haven't. I use my own money in buying equipments that I use in bitcoin. I don't want to borrow money from others just to invest or buy something I use in bitcoin. Though there are many people who get earnings and profit from bitcoin, I don't want to risk someone else money for that. I want to make profit coming from my own money.
I haven't done this thing too, It never ever comes to my mind to borrow fiat either to my brother, my parents and even to colleagues to get bitcoin. It's because of my some sort of pride that whatever may happen atleast there's none who would blame me on my failures, its myself only. And besides I have already a small amount of savings on my own and that's what I've used to get even a single bitcoin.
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March 13, 2018, 05:26:56 PM
 #357

no, never. It is too risky and wrong idea to borrow money to buy bitcoin or any investment asses such as stocks or commodities. These market is full of risk and there is a possibility to lose money. If you are not rich enough to invest, the best thing you will do is not to invest. You should get a job and find money, not borrow it.
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March 13, 2018, 05:47:33 PM
 #358

No I don't want to do that with Bitcoin. I tried doing that for my small business before, got a loan from the bank to start a business, it turned out fine but it was not a good feeling knowing that the profit that you make will just go to the bank and their interest, it felt like I am working hard for my business for me to pay them, not a good feeling that led to burnout instead of me enjoying and seeing the fruits of my success. So now I decided not to do that here in Bitcoin especially that my brother said it is really volatile and unpredictable so I would just spend the money I have so whatever happens I can still handle it. I am positive with Bitcoin but playing it safe wouldn't hurt.

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March 13, 2018, 05:53:58 PM
 #359

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.
Why are you guys asking like this. Are you mad now? Its good to trade or mine with your extra savings.Not with your property and borrowed fiat money.
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March 13, 2018, 05:57:07 PM
 #360

Never did that and won't do in the future. Investing in cryptocurrency must be made only with your own money.

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