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Title: Unsecured lending markets Post by: bitterbit on January 09, 2021, 11:25:37 AM What are some unsecured lending markets in crypto where a good amount of crypto can be borrowed for a short term?
Title: Re: Unsecured lending markets Post by: SFR10 on January 16, 2021, 10:04:50 AM What are some unsecured lending markets in crypto where a good amount of crypto can be borrowed for a short term? Wait, what?! :o- I'm not sure what you exactly meant when you said "unsecured", but it sounds like you're after a platform to get easy loans with the hope of easy routes for escaping [potentially but hopefully I'm wrong]. Title: Re: Unsecured lending markets Post by: actmyname on January 16, 2021, 02:02:12 PM Wait, what?! :o Probably, due to the use of "unsecured" rather than "insecure", the user is referring to the unsaturated volume of certain lending markets thereby enabling them to generate a larger share of the profits.- I'm not sure what you exactly meant when you said "unsecured", but it sounds like you're after a platform to get easy loans with the hope of easy routes for escaping [potentially but hopefully I'm wrong]. This is being generous, of course, but I believe it would make sense syntactically. Title: Re: Unsecured lending markets Post by: bitterbit on January 19, 2021, 08:10:16 AM Unsecured means without collateral which is $3bn market. It is readily used terms by banks and cash lenders. It has nothing to do or feel with insecurity.
Title: Re: Unsecured lending markets Post by: condoras on January 19, 2021, 08:15:04 AM Unsecured means without collateral which is $3bn market. It is readily used terms by banks and cash lenders. It has nothing to do or feel with insecurity. Without collateral? Well, if you find a platform that gives loans without collateral, tell me about it! ::) Title: Re: Unsecured lending markets Post by: JeromeTash on January 19, 2021, 09:59:05 PM What are some unsecured lending markets in crypto where a good amount of crypto can be borrowed for a short term? The answer is non.Would you lend a stranger over the internet a huge amount of crypto with no security to guarantee that the loan will be repaid? Title: Re: Unsecured lending markets Post by: actmyname on January 19, 2021, 10:23:17 PM Would you lend a stranger over the internet a huge amount of crypto with no security to guarantee that the loan will be repaid? Maybe if you're a shitcoin enthusiast. :)Unsecured means without collateral which is $3bn market. It is readily used terms by banks and cash lenders. It has nothing to do or feel with insecurity. Probably not happening unless the users have an absolute guarantee of your identity and location, and are willing to hunt you down for the crypto. Maybe talk to some black market loan sharks - they'll help you out.Title: Re: Unsecured lending markets Post by: DarkStar_ on January 19, 2021, 10:34:25 PM Unsecured means without collateral which is $3bn market. It is readily used terms by banks and cash lenders. It has nothing to do or feel with insecurity. Without collateral? Well, if you find a platform that gives loans without collateral, tell me about it! ::) They did exist for a while - BTCJam (https://en.wikipedia.org/wiki/BTCJam) used to be really "popular" a few years ago, though I think they had very high default rates and most people ended up trading their BTC for someone's identity proof with no means of hunting them down. It seems like BTCPop (https://btcpop.co/home.php) is still around, but I have no idea if people still fund no collateral loans today. (or if they're even still legit) Title: Re: Unsecured lending markets Post by: actmyname on January 20, 2021, 12:02:14 AM They did exist for a while - BTCJam (https://en.wikipedia.org/wiki/BTCJam) used to be really "popular" a few years ago, though I think they had very high default rates and most people ended up trading their BTC for someone's identity proof with no means of hunting them down. It seems like BTCPop (https://btcpop.co/home.php) is still around, but I have no idea if people still fund no collateral loans today. (or if they're even still legit) Feels like in any case you're looking at some (very easy opportunities for) KYC fraud - high profit margin with little to no risk for the scammers.Not sure who would sustain a platform like that unless it too was a scam. Title: Re: Unsecured lending markets Post by: condoras on January 20, 2021, 01:40:46 PM Unsecured means without collateral which is $3bn market. It is readily used terms by banks and cash lenders. It has nothing to do or feel with insecurity. Without collateral? Well, if you find a platform that gives loans without collateral, tell me about it! ::) They did exist for a while - BTCJam (https://en.wikipedia.org/wiki/BTCJam) used to be really "popular" a few years ago, though I think they had very high default rates and most people ended up trading their BTC for someone's identity proof with no means of hunting them down. It seems like BTCPop (https://btcpop.co/home.php) is still around, but I have no idea if people still fund no collateral loans today. (or if they're even still legit) Yeah, I remember both of them well. They have some hype during that early crypto period and a lot of people put their funds. Idk if we can consider it as an uncollateralized loan because they ask for dox collateral. However, if the one who asks for id won't/ can't chase the borrower, then what to do with the ID's? P.S: And then we have Bitconnect... ;D |