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Re: When is it useful to borrow bitcoin?
by
tommorisonwebdesign
on 28/06/2016, 20:16:09 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.
Going through all of these replies, this one made the most sense to me. It seems as thoug signature spammers are just posting here to get paid.

On topic, I think it's best to borrow Bitcoin when the price is high. To make things fair, it is best if bitcoins were loaned with a 1:1 ratio; no comparisons to the USD. That was the question I asked all those months ago and in my opinion, when there is a dump, then is a time to borrow Bitcoin. Convert to fiat, then use the profit to pay back the debt several months later.