Bitcoin Forum

Are there any Bitcoin Loan services out there at are actually worth borrowing from?

I guess loan is not a good idea. We can't predict the amount of bitcoin and what there are sudden irregularities to be encountered of bitcoin so what shall we do? Borrowung money is fine but think also of the possible causes. My borthers don't easily withdraw their cash from their wallets. They know the fact that no matter what they are liable of their own actions and this borrowing means a lot to them,therefore the quality of money should be strictly given whether the purpose is good or not. I think every loan establishmemt needs assurance when you borrow some money so always prepare something as a sort of your collateral once you loan.

lending is terrible without good collateral way to much risk

I could say it will not exist as of this time but merely there is always a possibility to pursue bitcoin loan servicing.
The increasing population of bitcoiners makes the basis were it can be made better ideas and solution
On how to extract the people’s request if this will developed sooner or later.

Bitcoin loans are difficult because of the rising prices. Imagine taking a $1000 loan just for it to become a $5000 loan in a matter of weeks.

Go to the lending section of this forum and try to compare the rates of the lenders. And for the early people who commented here that aren't aware that there's a bitcoin loan service, the forum does have and it's compose of trusted people. And if you are not all aware of that you may try to check it https://bitcointalk.org/index.php?board=65.0

I was about to say that we have a Lending thread here in the forum that offers loans for as low as 10% if I'm not mistaken. You just have to compare the rates of those who offer loans. There are 7 -30 days loan. But you need to have a collateral though, but they accept account as collateral. You just need to send them the details of your account and signed a message with your address and pay them back with the address they will give you. Goodluck.

I studied the forum and it seems a little hard and easy to barrow a bitcoin. Some just asking for BTC and reply comes in saying I will lend you, some will not allow you because you have to make sure that you are giving back a the BTC. You need a post to make them sure that you will give them what you barrowed or else red trust will be under your name.

Bitcoin loan services for me is not good it can only lead you gamble until you earn but what if you loose all the loans you acquired? You will loose everything. If i we're you if you wanted to invest do not barrow work hard for it in that case you will not barrow from anyone and you will have a stress free life. Just work and strive hard.

Agree starting lending services online is not too good, its hard to get some collateral in every borrower even they offer their account as collateral but still your money is not getting back if they will not pay you. Much better is to put your money in trading method it will makes more income if you have huge capital.

It's little hard if you don't have plans on paying that loan. But if you are a nice guy and you are a trusted borrower once you started with a successful transaction to the lenders, you can follow that loan you made if they trust you even without collateral. It's up to them and depends on the amount that they are about to lend.

Agreed, if your purpose is just to scam and have plans to default your loan, then you can surely do it. That's why those who are lending BTC are asking for a collateral like an account. But it they see that your account is not worth it then you will not get that loan. Or if you defaulted your loan and used for account as collateral, they have the right to sell you account just to just back the btc you have loaned. That's how it works, either you are really trusted and willing to pay back or you are a total scammer and deserves a red trust.

the newest one is SALT LENDING, have a look. They want to keep your coins as collateral and issue you hard cash. Nice service is you ask me

You can ask for a small amount of loan here on this forum in Lendinh section but keep in mind that lending from someone needs to have a valid equivalent collateral.
No one can lend you even a buck if no collateral. You can read about valid collaterals in lending board

And not just a collateral but they are relying on those collateral if those are valid. You can't just give them a collateral and ask higher amount, no. And some other lenders doesn't want to see people use their account for collateral, it's either alt coins or something that is valuable. For the lenders, lending is risky and for the borrowers just pay your responsibility as fast as possible.

This is a very good news for those who have no bitcoins. Bitcoins loan services will surely give them an opportunity to make money from bitcoins. People who already have large reserves of bit coin will offer loan services either to those who are new comers or have no bitcoins in their pockets one some interest to have profit from this service too.

Actually I am not aware of Bitcoin Loan Services. After going through the whole forum I understand that it is not that much easy to borrow the money with out repayment plans. That is for the safety of lenders and it is compulsory also to avoid the cheating. Seeing the Price increasing in Bitcoin worry me of lenders and borrowers also.

you can loan use btcjam service
another you can find in lending section bitcointalk forum

There is a lending section in the forums but i would advise against borrowing where possible, crypto is risky and thus borrowing is risky.

loan are good ideas for me like in local currency you can loan money, but have a problem for you request about bitcoin loan because bitcoin are really can't control the movement sometimes goes falling dump, sometimes faster up, example you can loan of btc in lower price but you need to pay at the time btc are in higher rate price do you imagine what i mean.

Not really that I trust but you can checkout the lending section of marketplace. You might just find whatever you are looking for. Why not try out local loaning where you can just ask for loans to people you know very closely for expanse friend, relatives who are also engaged in the biotin. That would be the best and safe way to go for having the loan of bitcoin. On the other hand let me tell you don't even try to loan from other sites than bitcointalk because you will find many fraud cases appealing for the returns. Don't get victimised.

Best shop in the network asic-minerworld  You better look on prices . Fast delivery, satisfaction guarantee.

You mean that he can borrow 1 btc and in that moment price can be 3.500$, if he spent that bitcoin and after, let's say a month, he need to return the loan and what if price rise to 5.000$? Now debt is 1.500$ higher and you need to give back much more then you loaned in first place, that's why its not good idea to ask for loan in bitcoins. But fast loans where you can earn more money in fast time are worth rmthe risk maybe, that decision is on people who loan money.
Except btcjam, lending section here, I think poloniex also have lending service, I didn't try any of this things, but I take a look on landing section to laugh sometimes how people wish to borrow bitcoins with new accounts and without any collateral.

You are very much right. I must appreciate this concept pf Bitcoin loan services. This is indeed a very good option for the ones who want to invest in Bitcoin but lack sufficient amount of resources.

The idea is very good and I think the one who have a solid plan must avail this opportunity. This will help him in earning a good amount of money.

I think it is very difficult to build a business of lending or loan services using bitcoin currency because it is volatile and fluctuate but there is lending section in this forum just check it in choose the best that will suit you but i suggest that if you want to have a bitcoin thru lending you better loan it or borrow if to your local services using your local money or fiat then convert it to bitcoin and invest.

Loan services to me is not the best way to raise funds for any project because of the collateral involved which you must have more than 150% of the required amount and a simple look at the forum section dedicated to it, its mostly meant for micro lending. When you have that kind of collateral, the best is to sell and not feel indebted to any one.

Another way to go about it is to instead of going for loan, you can go for equity contribution where the services you needed will be provided in  exchange for share they will have in equity and profit distribution. With that you get peace of mind but lose some part of profit.