online73
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Activity: 644
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Ecowatt.io
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April 19, 2018, 06:57:14 PM |
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By borrowing money you take certain obligations. I'm not a lover of debts. But if there is a situation that Bitcoin will someday collapse to $ 100, - I will borrow the maximum amount of money that can only be borrowed and buy bitcoin. My opinion - with the existing market, the price is possible as $ 100, and $ 100,000. Life gives little chance, but with the arrival of Bitcoin, the chances of becoming secured became more.
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RuslanSamui
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Activity: 126
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April 19, 2018, 07:47:15 PM |
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Hello everyone, no, I never borrowed money to buy bitcoin. I can not be sure in bitcoin for this. The price of bitcoin in a short time varies too much
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Washball
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First crypto index traded as a token!
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April 19, 2018, 08:00:39 PM |
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It's a risk you take, borrowing money to buy rigs for mining or to invest in Bitcoin. Although it might be tempting when you're sure the price will rise and you want to buy in order to make as profit. This is similar to gambling, there is a chance you might lose. So, it's not recommended to borrow money to buy bitcoin.
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WorldBiz project
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April 19, 2018, 08:04:26 PM |
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Nope, never going to invest money that I don’t own
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12tribes
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April 19, 2018, 08:06:21 PM |
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No. I have never borrowed to fiat be it dollar, Euro or other currencies to get btc, because I have always been able to meet the financing of the projects I want to execute. Imagine if you borrowed fiat to buy btc when the price was $18,000! that would have been disastrous (and it is still a bad time for those who bought and didn't resell when the price began to fall).
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sammyp
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April 19, 2018, 08:17:45 PM |
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I ever thought about borrowing money to buy bitcoin and hold whiles I paid the lender in installments from my savings. But that never came true simply because the lender later told me he couldn't trust in something virtual (the reference bitcoin). However, I was also scared since I didn't know how the future of bitcoin was going to be so I gave up on my search for funds to invest in bitcoin.
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fattyforhire
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April 19, 2018, 09:42:26 PM |
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I have also never borrowed money for investment and I think this is basically a bad idea. Investments in bitcoin do not pay off as quickly as we would like.
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ikiscream
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April 19, 2018, 09:42:51 PM |
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I better find and own a business than have to borrow,
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WebTera
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Activity: 322
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April 19, 2018, 10:06:31 PM |
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Never borrowed money from friends or a Bank loan, because I believe that it interferes with a person the freedom to live and grow. It is better to save up money and buy cryptocurrency for their own means, and not think then how to repay debts.
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heartwreck
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April 19, 2018, 10:08:26 PM |
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No I didn't borrow fiat to buy bitcoins. I just got bitcoins on free faucets and ptcs..with a lot of time invested and patience.
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schatzi
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April 19, 2018, 10:13:57 PM |
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I think not a good idea to borrow fiat from friends just to buy bitcoin or other digital currencies. Its better if you really want bitcoin it from your own pocket or if you have no money join bounty program to have profit.
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Maximo1
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April 19, 2018, 10:15:04 PM |
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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 never tried it ,it is not advisable to everyone here in crypto to borrow fiat just to invest btc, if we have no enough capital then there are many ways like joining campaigns, we know that btc is volatile so for me i dont take that kind of risk. |
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bitvelk
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April 19, 2018, 10:19:21 PM |
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When I only wanted to start investing in cryptocurrencies, I didn't have much money and was thinking about borrowing some money. But then I changed my mind and just started saving. And just in that time the price has dropped. So I'm lucky. And I don't have to hand out debts to anyone right now.
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lisasteca
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April 19, 2018, 10:19:34 PM |
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It does not seem to me a valid system. Please note that cryptocurrencies are very unstable in their value and you may have to wait months to see profits in your business. In the meantime, however, you have a debt to repay.
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cizatext
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Activity: 952
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April 19, 2018, 10:22:56 PM |
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Well me personally have never bought bitcoin due to the fact that all the bitcoin I own I earn them from my signature campaign, but the friend who introduced me into bitcoin have take a loan from the bank severely to but bitcoin so that is not new at all.
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jozymens7
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CurioInvest [IEO Live]
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April 19, 2018, 11:21:01 PM |
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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 use my own fiat to buy my stuff. The whole of this cryptocurrency thing is very unpredictable. Yeah, no one know how it is going to end and borrowing money into this is quite dangerous for me. |
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