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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.

Probably never, becaause bitcoin is a deflationary market, and if you borrow 1 btc at 200$ market price.

Then you use the 200$ to buy whatever, then if the btc price goes to 1 million $, then you owe 1 million $ which you cant pay from your salary.

Only inflationary currencies are worth using for credits like EUR,USD,JPY, and the rest of the fiat which is devalued and printed like crazy.

Bitcoin's price is volatile. It may be not fit to the large amount of loan. But it is for small amount and short term lending. But it will be different. If the borrowers are invovled in bitcoin business, not expose to the rate flucatuation risk, they may consider it a good option, like IPO, ICO, crowdfunding for bitcoin or altcoins related business.

Sure that one is good. I mean everytime you exchange bitcoin into an altcoin or fiat, you are exposed to exchange risk.

But that is not necessarly a long term investment, its not even a loan, its just a pure short term startup/investment.

But most people take personal loans not business loans, which dont generate money, but generate huge liability after.

Taking those into consideration big loans people usually consider the rating into dollars and not bitcoin soo lets say i lend 1 btc 600 dollars with repayment of 630 in 30 days, if bitcoin price raises you will send me less coins then i sent you, people are smart, this is the way they proceed, but who does lend may ask to get paid into bitcoin and not dollars.

That is smart but if you lend bitcoins I think the natural thing to do for a lender is to want bitcoins back as well after all the lender wants to earn some money out of the trade and choosing a different currency for the repayment of the debt could turn against them.

Not all the lenders does accept such, and in the general when they do this they charge a bigger fee, because they know the intention from the loan. I just lend with bitcoin if it is worthing 10k or 600 dollars it doesnt matter i do charge for the time and the ammount of loan into bitcoin, as all should do to avoid loose the coins.