Quote from: Xenophoto on June 28, 2016, 12:30:36 PM

Quote from: chaser15 on June 28, 2016, 10:26:14 AM

Quote from: batang_bitcoin on June 28, 2016, 08:21:47 AM

Quote from: DavidoAlto on June 27, 2016, 02:01:18 PM

IT is verry useful to borrow bitcoins right now because the price of the bitcoin is great to buy them now because i know for sure
That the price of the bitcoin will rise allot at the end of this year so if you want to borrow some do it Now.

I would say borrowing today is not recommended because the price of bitcoin is going to increase. And it is only useful if you are going to task a risk and you really need it for your investment or emergency needs.

What is the connection of price of bitcoin today if a person wants to borrow. For profits? Can't understand why people borrowing coins just to make profit from it. Didn't they know that if they borrow in bitcoin, they must to pay it in bitcoin. So it's 1:1 regardless of what the bitcoin price is.

Let me explain it to you using the worst case scenario so most people would easily get it. Supposed that you borrowed 20 BTC @12$ each. The price doesn't seem to go up because the bitcoin was just starting. And then suddenly, when the payment date was approaching, the bitcoins price shoot up! It went from 12$ to 120$ each. Congratulations, you have to pay 10 times what you have borrowed + the profit of the loaner. I think at this point you should get the point and I don't have to explain further. Just imagine how much of a difference is that. From 12$ x 20 BTC to 120$ x 20 BTC:)

I know that thing but I will explain it to you too.

Borrowed money has terms on when you will pay it. There's a duration of time which is not that long. What if in that duration of period price won't go the way you want? You are just adding the risk here plus your borrowed money also has interest so you are expecting a high price in that period of time.

Also if you borrow 1btc you must pay it in 1btc regardless of what the bitcoin price is.