Bitcoin Forum

I've been looking at ways to invest my Bitcoin, and I've come across several lending sites that look legitimate and promise to bring me a fair, legitimate return. (Loanbase and btcjam)

Has anyone tried these sites? Is their expected earning percentage accurate?

Is there another investment strategy I should be looking at? I know there are a lot of people who emphasize the buy and hold mentality, and I'm open to any suggestions.

my suggestion--->>> stay away and better hodl BTC!<-------

Yep, pretty much what s1lverbox stated above, don't get suckered in, don't send btc to a random site online, they are all scammers, they promise you the world but their words have no meaning, speaking from experience, you will lose your money.

Be careful to invest your BTC to any sites, because some site can give a good offer for you and make you curious to invest your btc on this site.but, I've heard someone said if BTC jam is recommended site to invest but you need to check te validation about this statement.

BtcJAM? recommended? more crooks and scammers (verified) you wont find anywhere else.

A ratings defaulting like crazy. BTC JAM only takes his cut and rest can get lost.
BTCPop? seriously OP if you serious about your money dont go there.

U might as well just advertise on btctalk froum that you loan let say 50% of your btc and try that way. Chances that you will loose all is practically lesser than on any of those sites. You will ask but how ? simple, if you see trusted member you loaning what he need and you take collateral. On those scammy sites whats your security?

Promise they will go after defaulted third party? HEH what a joke.

As it's been said, if you don't have a way to obtain collateral from the person asking for the loan, you might as well not even aim to loan them any money at all. It's going to end up being a loss for you, most of the time, and you'll constantly lose trust in the community. I'd rather find someone on the forum who has collateral you can get, who is trusted, and loan it to them.

Your money invested on peoples loan are no guaranteed by the site itself. Its just a platform. Getting a repayment still depeds on the borrower. If you want a safe platform to offer a loanthen best is to just start your thread here. I will suggest you to always ask for a collateral. If not, you can also try btcpop. They hae an option for a collateral loan so it's the safest way to invest in someones listings.

You right but for someone 100% is enough to secure loan. for me minimum is 120-130%

Problem with loan sites is simple, the care only about their cut.
But well said about starting thread on BTCtalk. OP look for big loaners here and check their threads. Do not loan without collateral ever!!!

be safe and respect what you have in pocket(wallet).

If you smart you wont loose.

Well I think you should stay away from those sites. p2p loan sites can't guarantee that you'll profit in your bitcoins thats why we need to stay away, instead do some trading or hold your bitcoin.  ;D

Luck? Win and get out? what do you mean by that? P2p lending is not a game. Did you invest or did you get a loan? You win because what? You got your money back or you manage to ge out of the dirt of not paying the loan you got? Your post is distorted.

I've only heard someone say it; I have never been to check etc jam is verified scammers site or not. I'm glad to hear that if btcjam is a verified scam site from you. Well, It's very dangerous to invest on P2P loan sites.

Lots of scams in BTCJam, unfortunately. I would stay away at all costs. Wait for better p2p loan sites to pop up. Hashocean looks good if you want to gamble. Otherwise hodl.

I've been investing for quite a while with LoanBase back then (BitLendingClub), before they allow you to invest in an individual loan to your liking. I've got returns and the default rate was low. But suddenly there was a wave of grade A and B borrowers defaulting. I've lost a lot. Haven't tried investing in their new auto-invest scheme though.

Loan sites it's not a game and needs any strategy to get profit, better to hold your bitcoin and stay away from them, lots scammer in loan site can make you lose your funds.

Well, yeah. I have had considerable success with those sites, but on the other hand, I've heard countless complaints of people getting scammed.

The problem with those sites is that the accounts there, whether ID verified or not, can be sold and bought. Which means that there is an increased risk of you getting scammed. I guess an alternative investment would be holding BTC.

I think it will be not risk if you give loan to those who are more verified on there, you have to look at their loan history and have to check their contact info and before giving loan you have to contact them on phone etc.

i never used lending sites and i recommend you too to never use such sites. i hear that not all p2p lending sites are legitimate. so better to loan from an individual rather than  from a risky site.

Oh man do yourself a favour and stay away from that!!
The chances are very high you will lose forever what you will loan out!
Hold what you have, or trade or gamble with small parts of your stash if you wanna try to gain more.

true, it is the main requirement of the borrowers is a guarantee and it can be in full resposibility. If the main requirement not met then it will be very difficult to get a loan is required, unless you are a well known by the people there might be a chance for it. First trust first

beware of the site that promises quick profit. it will give you headache. it is better to keep and be in control of your money/bitcoin.

It is better to ask for the collateral when you lend out. The account owner can change hands. Collateral is most important.

Well my suggestion is just keep away from lending sites you have big chance to lose your coin.
You can see they have good offer but at the end possibility to lose your all investment. Better hold your bitcoins and sell it when rate is higher and convincing to you.

As many people said, just hodl. If you really want to gain some interest then take a look at the Poloniex lending which is basically risk free (except if they pull a Mt. Gox/Cryptsy) or invest in a POS coin.

I've had bad experiences with seemingly reputable loan sites. An example would be BTCjam. Lost money there, but thankfully only a bit.

I would advise you to do something else with your BTC. Maybe hold it for now since the block halving in July is news right now.

I think it's better to use your bitcoin trading or investment itself, although BTCJAM/ LOANBASE has a strict verification system, but it is not uncommon even many people who fled with our bitcoin. So I suggest better manage your own money