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Re: When is it useful to borrow bitcoin?
by
ultrloa
on 28/06/2016, 12:47:07 UTC
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.

Because some other people sees some oppurtunity where they can earn more but they dont have money to invest thats why the barrowing option is the best thing to do that, and thats the reason why mostly of people barrow some money to grab that oppurtunity but their are lazy people barrowing bitcoin just for nothing basis and spending for nonsense thing like betting in gambling.