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Re: When is it useful to borrow bitcoin?
by
Jmild1
on 21/06/2016, 08:29:49 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.
I think loaning is almost the same as buying coins. You borrow when the price is stable and on it's low price. Im not suggesting to borrow this time because we see that bitcoin price is keep changing it's price, it's going up and down very fast.