Quote from: senyorito123 on July 26, 2016, 07:18:13 AM

Quote from: boyptc on July 26, 2016, 01:07:01 AM

Quote from: airsounds on July 24, 2016, 02:32:34 PM

Quote from: tommorisonwebdesign on August 02, 2015, 08:31:14 PM

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 still think that you should never borrow bitcoins as you will have to give them back just you will have to give more than you got so it's not worth it

Yes that is really not worth it at all if you are going to borrow bitcoins, you are going to pay the same amount plus interest. So, for me it is not useful if you are going to borrow bitcoins without a valid reason. But mostly people are just borrowing bitcoins in order to satisfy their gambling needs,
so that is really not useful.

Borrowing is not solution and it ws just an envy to those people they see another people whos getting a lot of money on their doings and borrowing money is not really good idea since it can make your life miserable without noticing it little by little the only thing good on barrowing when it is fresh and when its gone well people who lend became pathetic and that can turn them down thats why dont borrow money if its not really important.

When there is really a dire need or an emergency that you need funds immediately then I think borrowing bitcoin will be useful. If you are short of some fiat and bitcoin is the only way for you to fill up the lacking amount because borrowing fiat is not possible at the moment then borrowing bitcoin is useful even if you need to pay an interest later on. But make sure that you will have the available bitcoin later on to pay it back.But if you just borrow bitcoin for other purposes to fulfill your wants rather than needs then just forget about it. One example is that you borrow it for gambling because you are sure that you already know the technique to earn but then after some time you lose it all. How can you pay the bitcoin you borrow in this situation?

The better way is just to have some available funds for emergency purposes so that theres no need to borrow because if you cant pay people in time you may lose your chance of borrowing again and possibly his trust also.