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Re: When is it useful to borrow bitcoin?
by
X-ray
on 20/06/2016, 12:32:22 UTC
When is it useful to borrow bitcoin? Considering that it is really hard to get a loan here on this forum even with escrow, and the plentiful amount of scammers floating around here, is there really a great reason to even bother getting a loan here? I mean unless you're flat broke I could understand but even still it's an uphill battle. It's way easier to take out a cash advance in an emergency. I suppose if you're dealing with a trusted borrower and trustworthy escrow you may have a chance in obtaining your funds. Other than that, it can be difficult for a scam-less transaction to take place.
Yeah when is it usefull to borrow bitcoin i think it is not really profitable to borrow them now because the price is to high for now.
You are 100% right if you are gonna borrow some bitcoins right now you will not make a lot of profit and the fact is holding is now way better compared with other methods.
A borrow will make you confused and difficult to think and limited your step to reach profit, please never to try borrow bitcoin from someone. maybe better to borrow money from family and using this for your funds.