Have you ever borrowed fiat to get btc?

[lionheart89]

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. but I suggest do not borrow fiat just to buy bitcoin because bitcoin is so volatile you could lose money.

[rtm125]

I am against borrowing money in principle, and especially if you are going to invest them in bitcoins. And if something will not go as planned? In addition to problems with your investments, you will still have problems with debts.

[crypto1010]

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 done that once when I wanted to invest in one of the ICOs that was highly rated at the time and I would do it again as I made a good amount of money from that,and as a young investor I think we should not be scared to take risks because the possibilities of making money are endless.

[Keeminakar]

I do not advise you in principle never to get into debt, only if the situation is not critical. And bitcoin can wait until you save some money to buy it.

[Gabteb]

No never have done this its very very risky i think borrow big money for crypto if you are not super prof. if you are good daily trader then maybe you can do it.

[Lieldoryn]

I've never done that before. But my friends did it many times last year. Everyone was happy. Probably because it managed to sell their coins until Dec. But I am not a supporter of such methods. This could end very badly. If someone took a loan and bought bitcoins at 18000 then they have a big problem.

[Glutius]

If you are really going to borrow money for investment - give up this idea. Better work harder, or sell something out of your property, but never borrow.

[janelleshepard]

If you are really going to borrow money for investment - give up this idea. Better work harder, or sell something out of your property, but never borrow.

Yes, i agreed with you , investing is really risky and you can't make sure that you will bring back the income or even through you could lose your base balance.
So don't even try to borrow money to invest , just invest free money which you can efford to lose, not borrow ones.

[Olega252]

Yes, and I have not a really good situation now, I borrowed money at banks to buy bitcoin, I bought it for $7000, it was very good when the bitcoin has risen, then I a feather have come and has begun a bear trend but what, will be to me a lesson

[brkttlv]

No i haven't  and i will not. but i have very close friend and he borrowed for btc and he told me that: to borrow money fo crypto market is the failure of my life. may be there are people really make good profits but this is a risky market and we should be really careful.

[Cherylstar86]

If you are really going to borrow money for investment - give up this idea. Better work harder, or sell something out of your property, but never borrow.

Yes, i agreed with you , investing is really risky and you can't make sure that you will bring back the income or even through you could lose your base balance.
So don't even try to borrow money to invest , just invest free money which you can efford to lose, not borrow ones.

Actually, when we talks about money risk is always been part of that but in some point we try our luck if we can have a great amount of profit in the future. On my part, yes I borrowed it before when on that time the value of bitcoin is so cheap. Then after I paid all my debts so that I can able to know my prioritize which involves money to take care my financial stability.

[ciciliacrypto]

yes am about to do that before the week runs out,now that the market is coming alive.

[Barbarian]

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.

Exactly, while I have a great faith in bitcoin I do not have a great faith in my skills to make money in trading, this is why I am a long term holder, I have no doubts that if i borrowed money in order to trade I will probably lose it all which is why I didn't do it to begin with.

[wagi]

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 think buying bitcoin or mining has opportunity profit that activity but if borrow fiat to buy bitcoin or mining i think thats not good choice. I think we have to buy bitcoin with amount that we can afford. So i never borrow cash to buy bitcoin.

I agree with you since if we borrow money, we can be in hard presure.
The presure can make our decion is not good and sometime wrong after that we will be more greedy. So its the reason.

[MartynasB]

Borrowing money for investment it's a bad thing, market can be predicted only by the good professionals or enthuziast so its very risky 

[Nivir]

I nearly did this 2 years ago. I was just really confident that long term bitcoin will make a rapid rise as is still too undervalued (even at this current stage). Luckily the bank declined my credentials. I knew it was a bad decision but that loaned money could have been over a million dollar by now. 

[Arroware]

I never do that to borrow a fiat to get bitcoin, I think I with little capital for me also no problem, because bitcoin is very easy to gain in many ways, if you want to get a lot of profits with small capital, you can trade in altcoin.

[Barbarian]

Borrowing money for investment it's a bad thing, market can be predicted only by the good professionals or enthuziast so its very risky 

Borrowing money most the time is a bad idea, people ask for loans for some of the most ridiculous reasons, I can understand that someone ask for a loan if he is sick or he needs to feed his family but people ask for loans just to buy some stuff they do not really need and that is something that bothers me because they will need to pay huge interests for something that only devalues over time.

[Vinz2017]

Better to borrow fiat in order to invest in bitcoin especially when tge market is red notong that the price is low that is the best time to buy so if u he fiat you are in the advantages to gain profit... Multiple times of what princip value that had been invested ,when market is green you profited.

[juiceannabel]

i never borrowed fiat to get the btc. maybe other peoples do for gain some profits in bitcoins.
but i don't think that will work right now, because the market price still at the low position.