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Author Topic: Have you ever borrowed fiat to get btc?  (Read 1701 times)
niisarearning
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March 29, 2018, 04:55:53 AM
 #421

No i did not borrow money for either bitcoin trading or bitcoin mining . Now market is bearish planning to buy some good coins along with bitcoin . But if i am buying also will buy from my savings not from borrowing from friends or taking loan from bank . Lots of people in my place doing this but i dont encourage. Because invest the money what you afford to loose.
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March 29, 2018, 02:57:51 PM
 #422

I have never borrowed fiat for bitcoin rather i work for it by doing signature and mining and sometimes trading. Borrowing is not a good concept because it can put one under pressure most times.


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nicolesalv
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March 29, 2018, 03:08:27 PM
 #423

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 try to borrow or loan for money to purchase or invest in bitcoin. I joined airdrops and now bounty campaigns to earn so that I can invest in bitcoin without using my hard earned money or borrowing money .

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March 29, 2018, 04:09:49 PM
 #424

I never invest more than i have. Need to be smart when we make choices, and borrow money is the least that i will do. 
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March 29, 2018, 04:26:20 PM
 #425

No, I have never borrowed fiat to buy BTC or mining equipment. I don’t think it is a good idea to borrow for investing.

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April 01, 2018, 05:29:50 AM
 #426

I don't want to borrow fiat to buy BTC but if I have unused fund that can be used partly. I prefer earning to buying btc because no risk to lose your money.
Jose Rizal
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April 01, 2018, 05:54:26 AM
 #427

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 done yet but I have seen people doing this, probably they dont have income in Bitcoin, which is a great idea since you Bitcoin pumps, but didnt they know the one who sells Bitcoin has less opportunity to have since the Bitcoin pumps they got the fiat same just the amount if Bitcoin pumps it will double.

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April 01, 2018, 06:15:46 PM
 #428

Who can borrow money for investment on such unsure returns? rather I would invest on real estate by borrowing
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April 01, 2018, 06:17:59 PM
 #429


As for me, I haven't done it yet to buy btc or mining set's cos it's kinda dangerous and risky to take money for investments...

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April 02, 2018, 12:29:26 AM
 #430

No I really didn't have borrowed money because its against my ethics and my life rules
bjmpoker001
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April 02, 2018, 04:07:48 AM
 #431

i haven't try it yet. i just spend funds from my incomes to start in cryptocurrency.
if you sure that bitcoin price will be increased much later, borrowing some fiat to buy bitcoin may not a bad option.

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April 02, 2018, 05:35:18 AM
 #432

No, I am not thinking borrowing fiat to get BTC because I believe that i can get BTC just by joining in bounties and other activity here in the forum.

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April 02, 2018, 05:54:04 AM
 #433

No, I have never done that. But I think it is logical as the numbers that bitcoin gives you as profit are so high when ised in the correct way that they would exceed any interest of any loan you take and you will still be able to make money.

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April 02, 2018, 09:10:10 PM
 #434

I did not borrow fiat to buy bitcoin, as bitcoin and other scripting currencies are volatile in the crypto real market, you cannot predict what will happen, will happen or will fall.
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April 03, 2018, 11:12:41 PM
 #435

Now I have an idea to borrow money to buy bitcoin and ethereum while such low price. But I still thinking about it. Undecided
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April 03, 2018, 11:21:39 PM
 #436

No i haven't borrow a money to invest/buy bitcoin. That's the reason why i participate in bounty since it's one of the effective way to earn bitcoin without cashing your money in for it anymore.

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April 03, 2018, 11:27:04 PM
 #437

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 didn't and I have no plans to borrow money just for crypto. Bitcoin is volatile and I don't want to take risks just to get what I want. I believe that we should know how to handle things in our lives by not borrowing anything. It is just a matterbof being responsible. We should earn so that we'll have something to invest.
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April 03, 2018, 11:34:16 PM
 #438

     No,and i don't want to borrow money to get bitcoin. I must work to earn bitcoin through bounty campaigns then inves it. Borrowing money i think is not good because cryptocurrency are so volatile. Just work  for it or just invest on what you only have in your pocket,so can't have any problem if you lose your money in crypto because it is yours.

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April 04, 2018, 02:00:08 AM
 #439

No, Personally, I made myself a motto that if ever I am going to invest my time and money on something, may it be stocks, Bitcoins, alt coins, land, gold or even on some businesses, I would like to only use the money I have earned and saved, not loaned, barrowed or what so ever. I wanted to ensure that once I invest on something, I will be able to see and get the profit of my investment and will not go anywhere else. Also I would want to ensure that I am ready and eqipped no matter what happen on my investments.

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April 04, 2018, 02:23:23 AM
 #440

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.
A borrower is a slave to the lender. That is why I have never done this, I would be holding my back against the wall if I did this. My plan is just to invest 20 percent of my allowance into bitcoin amd hold it for at least a couple of months.
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