Bitcoin Forum

If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.

You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.

Work for your own money, nobody owes you anything.

It always depends on;
- whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;

While I agree that traders put their efforts and time and their winnings and profits should be use in smart ways. But theres always an exemption especially with those emergency cases, etc. On the other hand, from the side of a person who are going to borrow money from a trader, if they hardly give lend to you, you should understand their situation as traders experience more losses than wins.

Because they know how hard it is to earn money on their chose career path, they instantly feel some regret lending it to other people because they ought to be the one that is reaping the benefits of their trades and I think that they don't really like the idea of lending in the first place, makes you less financially stable as you make a habit of lending because not everyone who lemds to you is going to pay you back, pretty sure they will make excuses to not pay you until you stopped nagging them about it.

Depending on what the person need the money for and who the person is. Being an active traders and being approach by family member that seriously need money for health issue will trigger you to lend money or even give such person for free

Sorry but what cares us this ? Who is asking about traders to lend others? what's the point of explaining this? are you a Trader that had been asked to lent someone?
Is this about your friend? why not tell Him directly and not needed to tell us all here?

Talk to your friend , we don't need to hear your sentiment and drama.

Even if you're not an active trader and just an investor. People won't understand that your money is circulating in investments and if you're not going to grant them borrow money, you're going to be thought of someone who's too selfish because you didn't borrow them money.
In real life experience, I've experienced that many times. When I've got money active in investments then people asked me to borrow money and most of them are my relatives, they don't understand my situation and when I didn't granted them, they thought of it as someone bad and selfish, well, what a life.

Probably OP just got through a bad experience with his trader friend who refused to give me money ;D jokes aside, not only from traders, you shouldn't ask anyone money unless you need it for really emergency reasons, and always save up some spare amount so that you don't have to beg to others, but this is only until a big emergency comes where a true friend will always help you. Traders just focus more on money because they know they can make more money out of the money they own by investing, hence the hesitation I guess.

indeed most people when they have borrowed seem to have forgotten the loan, so sometimes we are like begging to collect it. but not everyone is like that. actually in trading we use whatever capital can give maximum results, but sometimes people are ambitious to immediately get big money

As a trader we need to use our own money for trading. The problem with lending away coins is that we won't be able to trade when we see a good opportunity. Sure we get a decent return on our coins for lending them, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. If we just hold coins in our wallet and don't trade them than we need other ways to earn money in the meantime. Lending away coins can be a good way for investors to make a little return while just holding our coins.

Did your friend try to lend your money? Maybe tell him politely your reasons and also not all traders are something like that since mostly traders always have back ups, I'm little much sure that a trader will hand their friends their earned money if they are truly in need since positions will not really matter if someone is in emergency. I know its so hard to earn but I think this will depend on situation.

correct and the most epic is when you suddenly realise why they all treating you like something especial, such your close friends and relatives. Lol
 I don't know maybe they all knows that you can dash some money without hesitation or there's another reason?  ;D actually when it comes money it doesn't matter to me especially when needed or for emergency . But when its comes for something that for me not necessarily to spend or seems not reasonable .. Sorry you will receiving some of my reasons as well wherein its up to you if you will agree or disagree . Lmao

It depends on the type of trader. Maybe he has a lot of money that he can't do anything else but let other people have at it with his money. Possibly, using the lending services of the exchange.

I think it mostly depends on the person or the amount that he is being asked for. If you know someone who has a lot of money but doesn't help out others in need, probably he is just selfish like that.

I do not think all traders trade with all their money, there are different types of trading, I can still believe someone that hold or someone that prefer swing trading to use most of his money to trade, but what about day traders, this type of trade is very risky and traders can easily lose, successful day traders do not make use of 5 to 10 percent of their money, because of the risk.

Another point is that people are different, some people are cheerful giver while some people are stingy, stingy people can not borrow anyone money, some have the mentality that any borrowed money may not be paid back or thinking chances that the money will be paid back is slim, so they may decide not to borrow anyone money.

Not actually, it still depends on these things:
- the one who is asking for a lend
- is your profit enough for lending out.
- you won't need your money in a time frame before they repay it.

But guys, I don't think that lending money is a good habit especially if you will also use it for trading, that is too risky, it is better to use your own money than asking it to other persons, you are the one who is going to do a thing to earn money and do not rely on too much to anyone.

Everything is depends on the situation and the person who need to lend. Traders are not niggard/selfish despite of the fact that traders always put a lot of time and effort to earn profit in trading. If they know that the person is really in need or emergency specially if family members, a trader will always generous (but not all).

If you want money then take a loan from bank, friends are not fir financial benefits they are here for moral support but still friends help each other if they are really close to each other so it depends on who is asking for money to them.

Unless you have got profit consitent from your trading activity. I heard there are some traders who have got profig consistent an example for one week pariode and they have routinely withdrawn the profits that have been made. At this situation, I guess there is no harm to lend money to friends or even family in need. I often do this thing so far, but depend on the situation especially the purpose of they lend money.

If the reason they lend money for their daily life I tend not to lend my money but if the purpose of borrowing money is to make a business or even for trading I will lend it, because I believe they can pay their debt quickly. So, I think it depends on your trading conditions, if trading is your source of income or you have been getting profit consistent then you can lend your money, but if you haven't reached that condition then lending money is the most dangerous thing that you do.

Successful traders went into struggle too before they reach that point so we should not feel bad if they could not help us when we ask them. They did not earn that money for us. Like in my experience, I don't set high expectation when I ask someone for help. I don't expect them to just say yes just because we are close or a family relative. I just think that it is their money and they worked hard for it so there is no reason to forced them to lend it to me just because they are already successful.

That's right but most of the time it is because of the lack of trust in our crypto market and the nature of cryptocurrencies. I mean if you visit the lending section once, you will realize how high the interest borrowers often pay to lenders because getting loan is hard and the lender is taking quite a risk particularly when lending without collateral.

My logic in such situations is simple. If someone is paying higher interest than my own ROI from my trading then I have no problem giving them the loan but not without some kind of guarantee, collateral or assurance in writing.

Lending is for people who do not know what to do with idle money. Smart people always let money earn more money for them. Traders are among of them. However, only small percentage of traders are capable of making money while the rest only result in loss. Therefore, lending is safer than trading in some ways. Defi lending services give you an affordable lending interest, up to 50% and I think this number is attractive enough to consider

It's upto you how you finalize the terms. If you gave someone a loan in BTC then they must pay back in BTC but if you gave the loan in USD but paid in BTC, then you have no right I think to ask for the same amount in BTC.

A lot of people do short and long in trading based on how they feel the market is going to move. If you take borrow 1 BTC at $55k and you have to pay back in BTC, and the price dropped to let's say $45k then you made some easy profits but the vice versa is what fears me.

Right but the point OP is trying to make is that successful traders will not lend out money because they thrive to earn from the same amount with their own trading skills and this might be true because even the biggest investors take loans and they calculate risks and take those loans.

Anyone who lends out money either lacks skills or has too much otherwise for a mere 10-15% interest yearly why would you lend out your money considering the inflation also works against you.

The money lending business is one of the most lucrative ventures. It's a simple and passive way to earn money, but I don't think you can handle both of them and have more time to do this. As a trader, I don't think I can lend money unless he is my friend or relatives, as I need more funds to make more trades. Though it is a great way to earn money through lending, it will take much more time, and I don't think I can focus on trading.

Not only talking into your friend which is a trader even in to those people who had been earning on typical jobs that they do had which i can say its pretty normal because not all

would really be willing on giving out a loan even if you are a friend or close relationship or into something because we do have different priorities in life in terms of financial.

For those who do give out loans are the ones who are mainly considering because its a part of their business so it does depend on whom you do approach.

We have to understand this one and don’t force anyone to give money to you easily especially if you asked for it, money is not easy to earn in trading that’s why every trader values their profit and reinvest it so they can make more money. You can start trading at any amount you can afford to lose, so there’s no need to borrow money and maybe I can guide you in trading but I won’t lend any money to you.

This one will depend on your deals, if you both agreed to pay with the USD value then that's fine, but if not then you should pay him the BTC amount he lend to you. There's so many default loan happening as well here in the forum, especially when they borrow BTC last year and now, they can't pay its value. I also borrow money and pay with the agreed terms, I guess this can help if your friend is asking for you money but then again, don't force anyone especially traders who uses their money as their capital.

Lending as a friend is totally different from lending as a form of business I think you got mixed up in the wrong way from a friend asking money from you but if you don't see lending as something profitable I believe the only solution for you is to decline your friend and not to promote lending as something wrong. Yeah you don't owe anything to that person but its not always the case when you are lending, to be honest I have lend money a couple of times with 0% interest to my friends who I trust and all of them have fully paid it always on time and this didn't hurt me in anything aside from that I have declined from requests that I believe is too much for me and it was ok for them at the end of the day you are still friends.

That depends on the friend that we are talking about though, because a real friend is someone that you talk to or communicate often and not just someone who pops up whenever they need something from you because those kind of people are abusive towards your relationship with you, they think that they will have it easy asking money from you. I wouldn't generally say that traders aren't miser in terms of lending because I know some people that aren't traders but a total miser.

I can lend money to whom I trusted most only, not even to my friend or any from my family members. I know it was too hard and difficult to decline someone from your friends and family member but we have to think of what will happen to us if we don't have left any on our hands. I hope they will pay you back when you are in need but in many cases, borrowers are even angry when asked to have payment. It is really for me, I was very emotional when it comes to that situation that is why I don't have to sacrifice my future and lend people that I think can't pay me back.

Still, if we don't trust our own friend to lend, it's better to refuse because we don't know how he uses it just for something different, we don't know, I would never lend to anyone, including comrades, somehow heart I have doubts about what to use after borrowing it, have to refuse not to be the desired thing even though this is a business that is being discussed with him.
But I don't want to get involved in the mess I make in trading if I use it then it's much better for myself and my friends with own capital.

Is this coming from the experience? Maybe one of the forum members?

It's normal. But in case you did see how hard the life of the borrower is then do help.
I have some friends in the neighborhood that I saw being affected much by the pandemic and I really want to help them but just can't come over because I am too shy to tell so and also what if they didn't really need help and I am just assuming.
But, if they are the ones who will try to borrow money then I'd be willing to help. It depends on the case.

Borrow or lend out money from or to traders, i think people should really avoid it because it can possibly make both of side lose on assets. Traders who borrow our money can possibly lose in their trading, and they will really hard to pay our money because even for trade they can't use their own money. If me, professional or amateur trader who want to borrow money from me, i will say no and i not want that thing happens to me no matter who it is.

Indeed, borrowing money should be a service provided by banks or their family acquaintances, instead of us because facing the online system, we have no chance to recover and catch the borrower after a loss, the government can't even keep track of these people, our network is also too small to consider them. The crypto world has too many people who lack credibility and responsibility, traders are also too greedy, so both sides are at fault and should give up these greedy actions.

I actually do agree with you that nobody owes anyone anything. We have all been given the same opportunity of 24 hours and whether we decide to use it to make money or not is totally up to us.
I, however, believe that although it is very difficult to get loans from friends that are traders, it is actually possible.  It is dependent on the dependent on the relationship you have with the person and how important and urgent the need for the money is. If you're very close to the person and it's important and urgent, then it's actually possible to get a loan.

People in general do not lend out money easily, especially in these times that money is hard to come by and jobs are scarce. Everyone is committed to saving for the rainy days or investing it in cryptocurrency, like what is written in the OP. Right now, in order to make money, you need money to work for you, and that is true in trading stocks or cryptocurrencies. If you miss out on the small windows of opportunities, it will be hard to come by again you might regret it for a long time. Traders avoid this, and instead they are the ones who are taking loans in order to take advantage of their winning positions.

When it comes on income then it would really be coming in various sources depending on what would it be neither on gaining through work or through leverage type of businesses

and when it comes to lending off money then this would vary into each person because not all would really be willing on letting other borrow up and its true that earning money
is really tough and challenging.For some who had business out on loan-type ones then this is where they do insert on but i can say a risky one to have.

This doesnt limit only with Traders but also into those common man which does actually have funds doesnt matter where they do get it because lending out money
will not only be limited but rather in general or as a whole where people does have the capacity.

@OP, I wanted to send a merit to you but couldn't as I'm out of one, but the reason behind that is I'm impressed with what you said just because it relates to me as well. Not as a trader, but as a lender (or I'd say a helper), as I sent some money to my friend when he needed it. Then, I asked him a few times to return it to me but he didn't (he's a futures trader btw). I came to know today that he recently made a nice 1 grand profit and celebrated his wins and I simply asked him to pay me back what I gave him, so to settle everything between us. He told me that his funds are now stuck in a trade and he can't give me back my money which is not too much against his $1k profit. Honestly, it's not about a trader's will alone but his intentions too whether he wants to do something good to the society or not with the money he made.

Why would they? Like you said, they need those money. They can invest it on trading and make more profit instead of lending it to you. If they lend it to you, there is a chance that you will lose it and you are going to take time to repay him. Hence waste of resource for the lender. And yeah, just because someone made profit, you shouldn't be asking money for them. I have actually seen people like this. They have no shame.
This is true. Preach more.

Not just trader but almost everyone here are still hesitant to lend money to anyone or even to your friend because you know how to value your money and in trading, we almost lose everything so if you lend that money to anyone you might lose it as well. I don't want to lend money to anyone because of my bad experience before with my friends, beside that money is the result of my hard work so its hard to accept if someone borrow money from you and didn't pay at all.

Well I wouldn't even loan someone in the first place nor I would loan from anyone regardless if it is related to crypto or not. Not sure where this "lending out money" in trading came from, but it should be avoided at all times especially when one deals with crypto.
Loaning would be like the really last resort for me, but if I can help to not do it, I won't do it.

Money is hard to earn nowadays. We all know that trading is not an easy way.if you have earned in trading but your friend will be the one to enjoyed or used it, your sacrifices are all for nothing. There are friends that are fast when lending but if you are to charge them, they are the one who is angry.
But of course if your family is the one that lends, especially your parents I think it OK to lend since they are your family. They are the one you beg if have nothing else left.

they have an active capital that is dedicated only for trade but they can also have a seperate money and this money can came to some of their past profits .
 they can decide to lend this money if they want an extra income other than trading .
 if im the one to do this i will not easily lend money to someone else but i will choose my close friends or relatives only because i can visit their homes and talk to them if they wont pay in time .

Lending out of money from an active trader still depends on the person and the situation because there are times that there is really an urgent need for a friend to be helped making them to lend out money because I have plenty of trader friends who do that all out of concern to help other people. Cases will also apply that traders may have been into loss making them not to be able to lend out some money even if they wanted to or they are just having personal reasons why they wanted to just keep their money for the sake of trading. Whatever the case is, lending out of money from a trader depends on the person and the situation.

But should have some limitation and we also have to consider the capability of the said person that could pay his loan.

Many people got wrong about this, even though it was our friend it sometimes comes to the moment that they never think about paying their loan. I have a bad experience like this, I lend money to my friend as said that he is urgently in need but I'd find out it was not that urgent as it could be instead, he uses this for gambling.

I agree there are many businessmen who start their business activities with a loan from a friend but it will depend on their situation how they will manage it time is not always the same very close friends are often dishonest. That's why I think it's better to do business with your own money than to take a loan if the profit is lost here it will go on itself they want to revolutionize the economy by meeting the capital needs of small and medium enterprises. They want to ensure that no small business has to stop due to lack of capital traders can borrow as much as they need.

I also think with you that those who are actually in real trade never save money for the sake of small profit, When a trader is able to earn on his own he does not have to wait for other people, he will simply want to know how to further develop himself which is a characteristic of an ideal trader. On another side an expert trader can do many things if he wants to because he rarely makes a wrong decision and thinks a lot before making every decision and then makes a decision.

I was reminded of a friend to who I gave 0.5 eth loans but have not paid up until now...

as a trader, lending money will only make the mind uneasy, especially if your portfolio is bad, it will only add to the burden on the mind. keep looks stingy with friends, so you can calm down without thinking about the debt that is given by you.

Being in debt and then being used to trade is an unhealthy way. It creates a lot of problems, we need free money in trading. Trading requires peace of mind to make decisions, if money is not healthy we use we will certainly easily get losses.

Who trades using borrowed money? IMO, that's not trading but like gambling. It's always better if its your own capital that you are using. Simply put, you are more relaxed and can make clear decisions unlike using borrowed money with the fear of losing it.
That's correct, work for your own money. Save first until you are settled with an amount you can afford to lose.
It's the best way to savor the profits if you know you don't owe anyone anything. Traders ain't like banks, they may have the money but that doesn't mean it's for anyone to borrow it. It may have been saved for his capital.

The bane of gambling sites. People lending/loaning money out. And a general big lesson in life anyway. If someone wants to borrow money because they need to eat, or pay rent, different. But borrowing money to make more money MAYBE, consider the loan lost, if you want to act like a bank:)

Loans have ruined marriages and friendships, so don't let that be you!

There's no way we will be able to get free money nowadays that we need to really work harder to be able to earn, traders and even everyone dont lend money especially if were also in need and we know there is no way for them to pay the borrowed money. Those who trade should have their definite source of income to be able to trade properly to lessen the pressure when they do trading.

Well, some greedy people make them lose money instead of making a profit, owed in my opinion is a pretty greedy way of being impatient in profit. there are many ways to earn free money. trading is not a good solution to make money out of debt money. Will cry, if lost after debt.

There's no need to petrify our friends, we're all affected by the pandemic. I am very grateful because I know cryptocurrency and produce here, I can help people around me, I also have a community that is quite active in helping in the pandemic period. They also come from the cryptocurrency community.

You sound like you are talking out of your own experiences and I guess these cannot be a generalized for all traders and their friends and more importantly when traders are with profits. Lending out is not a simple thing; you may go for donating something with your full heart but when you lend out and if you are getting cheated then that must be a very big disappointment in the end because you spend long hours and hard efforts for analysis in markets to make profits and when all your time and efforts goes in vain, who will be ready to accept that?

Seems like you are already coming up with an answer. How it will be acceptable if you are going to disturb their core business? Time and capitals are more essential thing for an active trader. So, we cannot expect them to be lenient on these 2 things.

I imagine that they don't actually like loaning in any case, makes you less monetarily steady as you make a propensity for loaning on the grounds that not every person who loans to you will take care of you, almost certain they will rationalize to not compensation you until you quit irritating them about it. Merchants simply center more around cash since they realize they can get more cash-flow out of the cash they own by contributing, consequently the faltering I presume.

It does not implies to all the active traders as some of them are into lending business also and gain interest from that but it involves a element of risk that your capital is safe.But if your relative or friend is in great need and you have surplus funds aside from your investment purposes then you should help them.Active traders tries to secure their capital because they don't have idea of the market and if they incurr any loss or if the market crash situation arises they need to deposit funds to their wallet which they have set aside.So you can see it is personal choice of every trader that how he wants to trade in the market based on real time experience.You need to have fund management policy implemented very well which provides you with capital guaranteed plans.

i have experienced this thing 3 years ago, well that was my fault anyways because I lent the money to stranger. I'm fine if they gave me regular updates about their funds but the ignorant feelings on that person and a habit to scam could be the reasons why they didn't give me the updates. This is why people will be more selective when lending money to strangers because these stupid people exists.

Lending to someone you know is different scenario and you would treat it differently.

Wow what a good deed brother and its not something that you can see on common basis where someone do give out some help on this very difficult situation.
It is truly that this pandemic situation did really put us on this situation where lots of jobs had been lost and theres no other income that we could really get
to sustain our living and its true that cryptocurrency give us that kind of chance or opportunity to survive at least somehow on this situation
and we should be thankful for that.

Lending someone you know gives you more confidence but lending it to strangers have different trust level, together with risk and
so many things to consider before allowing your money to send to other people.

In the side of traders, they are there to continue growing their investment, why should they'll lend it if they have the capabilities to invest with the right assets and collect good amount of earnings.

Less hassle if they managed to keep rinsing and keep increasing their investment.

I will not lend money to others or my friends from the profits of the trade results. Because I want to develop my career
in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.

Well, it was the call of the trader if he wants or not, and I believe that he knows already what will be the consequences of that. Isn't wrong if we lend people especially our friend provide that it was just enough that he can pay us back in a specific time frame. And probably we know already the capability of the said person that is why we trusted him/her.

But if the said transactions happen online, that will difficult, and for me, hell not for that as it was really hard to trust people online, especially when asking for money.

The feeling of entitlement is a very bad habit that should be fought to get rid of at all cost. Nobody owes you anything irrespective of what you played in that person success story. Let assume you taught them how to trade and they're now doing perfectly well meanwhile you're having some rough time, that doesn't mean they are obligated to help you at every single problem you encounter.

That the users want to help you should be from his or her own goodwill. That been said, I don't totally agree with you OP. Traders (infact) all cryptocurency enthusiast are one of the most generous people out there. Sometimes the gain comes so easily and quick that out of joy things like lending of funds are done at ease.

I know people will get mad at me for saying this but it's a generational problem I think because I saw it myself, my generation was more entitled than my parents' and the ones after me even more so. We think we are entitled because everything is our right. People here online even on casinos think it's their right to ask for free things. Site down? Give me freebets. This is the mentality sadly.

Most traders really hope that they can develop their capital first when getting profit in trading, but on the other hand we also feel confused when friends need money, at first glance think how sorry it is if we can't lend money to them. A person's personality is certainly different when faced with a problem like this, there are those who feel sorry for others, some are lying bluntly if they actually have enough money to lend.

^ Trading did not have any guarantee that you will earn money instantly and this is also not an easy job to do, you need to study and have further research before you will learn in trading. For me, trading is a sort of gambling, the advantage is this is not a base of luck game, you probably have a chance to earn profit depend on your knowledge had. So, therefore, I may advise putting money on the trading of what you can afford to lose and don't you ever lend money for trading, that is a very risky move if you will do that. Dont ever lend money just for trading, it may put you in a massive debt someday.

Sometimes, there are traders that always cash out the profits regularly to fulfil the daily needs or even urgent situation. And the money is out of the capital for trading, or exactly the profit is taken.
However, yeah I also agree. It is like when we have a lot of money. We cannot give everyone or lend everyone money so easily. We must ensure what's for the money. if it is for an urgent condition like for paying medicals, I personally will lend them. But if it is not urgent, I will not give them. because sometimes, we will feel so difficult to get the money back. Based on the experience.

I imagine that they don't actually like loaning in any case, makes you less monetarily steady as you make a propensity for loaning on the grounds that not every person who loans to you will take care of you, almost certain they will rationalize to not compensation you until you quit pestering them about it. Merchants simply center more around cash since they realize they can get more cash-flow out of the cash they own by contributing, thus the dithering I presume.

they easily borrow from defi platform that offers lending solution. No wonder most of them got liquidated during this season. i can believe i lost my 4.5 binance token just because i borrowed 2000busd from my lending platform. i hope i gets results or else it looks like i maynot be borrowing again. terrible mistake from me.

This is true, When I was starting in this trading, my friend who was started making fortunes will sometimes offer foods and drinks but will never lend. And when I talk to him about it, he shares the ideals and it really strikes me as it really makes sense. The one you said ^^^ is almost the same to what he advised.

And you can't force them to lend you. They don't not only because their money is still on trades but they usually think that they can't make money from you unless it has some interest. Because if they use this in trading there is a chance to multiply it.
So many reasons so hated that even your friends don't that but that is how people becoming too exhausted in making money and they become more greedy. Anyways, that is their money, we have no right to complain but instead, we have to work our own without relying on others help.

It boils down to the fact that those asking a trader friend for cash may have refused to learn how to trade from the friend who is a trader. So, it raises the question of "If you don't want to learn how to fish yourself, why ask me for fish?" Another thing can be that no one easily gives out what they fought hard to earn or get. Trading isn't easy but outsiders don't know this. They think traders easily pluck off winnings on trades like they do mangoes. Besides all that, every businessman tends to calculate every loose cash as a capital they should reinvest and may not see a need to lend it out. The advice will be — If you have a trader as a friend, beg him to teach you the trading tricks and not give you loan.

Lending is for people who are unsure what to do with their spare cash. Smart people often allow their wealth to make them more money. All of them is a trader. However, only a limited number of traders succeed in making profits, while the others lose money. In certain cases, lending is therefore better than selling. Defi credit providers provide low-interest loans .

Yes you’re right about , and it’s not just only traders. I am a trader too and I am always careful with what I do money because I know very well that making money these days is a really difficult thing, so I can’t be wasting my money anyhow. But another thing is that it also depends on who is asking for the money and also why they are asking for that money.

Also the way I live my life, I don’t live my life in a way that everyone is going to know that I have the money, I live a very secret life and not the type that’s going to make everyone feel like I have money to give. When I have enough, I give to people without minding if they are going to pay back or not. It’s best to give what you can afford to lose, because some people are going to find it hard to pay back.

Well, it depends on the situation and who you be lending with. If it is a life or death situation of a friend or family, I could give consideration and remove some of my capital/profit to lend out. I know it can affect the way I trade but I do trading for my life and the people around me. But If the loan reason is for another way of making money like trading, investing or gambling, I personally wouldn't let that pass. It somehow limits the things you need to do when your funds were insufficient.

And you think it's quite easy to get loan from the bank as a commoner, if you think it's that easily, go give it a try and see the outcome when you don't have any leverage the banks can capitalized on to give you the loan. There's this school of thought that goes in this way, 'the banks only lend money to those that that need it'.

When you look at it, it's quite true in the sense that if you have a property to collateralized for a loan, why not just sell that property and get a better capital instead of devaluing that property at the moment then using it to get a loan that isn't worth close to the worth of the property you're collateralizing.

I don't think there was any need to post it here. Frankly speaking, it's an off-topic, nothing related to trading.

In my honest opinion it depends on a lot of factors, how are you with money.? hows is your friend trusting you.? how much money you want..?
If you really need the money so bad then any of your good friends will help you out regardless of what they are making.

No, I will reconsider who, what my money will be borrowed for, and how much.

No matter how busy and successful you are in trading, it should not limit you from doing something useful with the money you collect. Don't let yourself get so caught up in greed that you forget that you are a social being.

This is a mistake that I’ve committed last 2018. One of my contacts is curious on what I have been doing, because I’m having much success in crypto (especially in the trading side). He immediately asked if I have extra money to spare for him to borrow, and I initially lended him since he was a good guy. Then week after week, he kept asking until I immediately stopped contacting him. He still owed me almost $400 until today, but I didn’t mind anymore. I stayed away from him until now, even if we accidentally see each other, I would just quickly ignore and move away. It’s a lesson learned.

As for the recent ones who reached me out privately that they need to borrow money, and I immediately put them on my ignore list and never get in touch with them again. 

because they are using their funds for trading activities so why would they lend when they are also in need?

https://i.imgur.com/UV74ZJK.gif

If they will do such then they will end up losing a chance to make it double specially if the person who borrows money will end up not paying in time.

Payable if he has good skills in trading it is still comparable. however, if your trading knowledge is limited to buying and selling, then getting into debt is the worst option for trading. Using unhealthy money for trading will only add to the burden because you still have a liability to pay off the debt. if the profit will certainly be better, but if the loss will be a lot of money to be paid.

Traders don't lend money easily because money is what traders need to trade plus time and effort. The money they earn is very important to them because it is not easy to earn and by lending it to untrusted people or other traders, this money may not get back to the owner anymore. Me personally I have already trust issue when it comes to money after the two investment scam last year. So now, I only lend from the people I realky knew.

I agree with that because most of the traders' capital rotates and the profits earned will also be traded back. Besides that, lending money to other people with our trading capital or assets is also not good, for me assets for trading and purposes outside of trading I separate so that I focus the capital on trading only for trading. we also don't know whether we will continue to make profits or not, so I don't dare to tamper with trading assets for other purposes or lend them to people.

It’s always better according to me not to gamble or trade with someone’s else’s money.
A trader is a one person who completely knows the risk as he have faced it a lot.
This is the primary reason for which many traders don’t give money in order to gamble their own money.
And as a responsible person the one who is taking the money should also be careful as he has someone else’s hard earned money.

If a close friend and he also trades i will do it if i make big profit and besides i also know his trading trail, if possible and often make a profit why not.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.

Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.

Not only this another reason why traders don't lend out money is because of the cost of capital, they always think of the return that they could earn on the money that they have lent to someone, this way they think that opportunity cost involved in giving someone that money isn't really justified which is why they decide not to lend out money anyone. Your point is quite valid too, generally, money is also engrossed in various trades, also when you take out money from your capital you also give your risk aversion and percentage a hit, which means you have to reduce your order value too.

There are different types of traders, some are love lending, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. Traders just focus more on money because they know they can make more money out of the money they own by investing. Mostly traders able to earn on their own they do not have to wait for other people, they simply want to know how to further develop himself.

Usually active traders have to secure their capital because they don't have idea of the market and if they feel any depression in market crash situation arises they need to deposit funds to their wallet which they have set aside.

Less stress and hustle also for the trader. Because if you will lend it to someone, you have no assurance if he will respect your agreements in terms of date of payment and percentage of interest. You can never be sure if you will get your money on the time you agreed. So if you are active trader, it is understandable if you will prefer to use it as your bankroll rather than lend it to someone.

Good for you if you developed a circle of friends who also into this same venue of investment, your point is good if those people or friends are good payers, sometimes, close friends are the one who don't value friendships when in terms of money matters, broken relationship because of some lent money which being neglected.

I also do the same if I know the track records of the person who's borrowing, if he's also inside the business, it's easy to follow his trades and see if he is performing well or not.

At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.

Mostly it happens that you called good friends won't pay you back on time, always they ask for an extension (as I've experienced). Yeah, it could only ruin your relationship sooner.

If we don't have the word "Patience" it is better not to lend out money anymore even it is for your friends. It really hard to ask these people when you are in need of money nor to ask for repayment as they will think of you that you are rich because you are a trader but deep inside, they'll never know how hard to earn a profit from trading.

Maybe because they more money from trading as compared to the interest and the risk involved in giving out loans. Am a trader too and I have not given out loan to anyone for those that use to asked me for crypto currency loan are people I know there financial background and their level of trading so, I can't risk my money with such people.

Throughout life ethics and life concepts, debt is something that cuts down many branches of the relationship tree, sometimes a relationship of several decades breaks down just in the lending relationship, although despite knowing each other's personalities well from the start and knowing their ability to pay, even a little consideration does not appear but disappointment is still a voice throughout. Too little constraint makes borrowers have no pressure, traders are the most stingy and meticulous about binding, so borrowing money from traders can only be a family bloodline

I don't know what's your trying to pointing out here in the forum discussion. Why? are you one of the individual traders
who lend out money when you do trade in the actual exchange site platform? I was just curious only, due to for me I don't
lend out money ever.

did you make this topic as a form of your disappointment because you have lent money to your friends?! I think it all comes back to each of us. If you are still able to help why not, because we live not always on top, one day we also need the help of others. the problem of whether to lend or not to return to the lender ... there is no reason people forbid . Because I'm sure they already know the risks when he gives loans.

You are right. Even traders keep some money just incase some trades are gonna get liquidated. So, the money can serve as saviour to prevent them from getting liquidated.


And you are absolutely right here. Nobody owes anyone money.. Work for your own money.

As this happens many times, because trading is a type of business and in business you have to trust some people if you want to earn a lot and make some profits by making hard decisions too sometimes for having a faith,  but another thing is that people are scared about their money that whether their money is losing or they getting it back.

Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit.  Traders work hard and trading is a very lonely job. If you make profit,  or loss, you are solely responsible and on your own.  Traders have higher standards for earning a living and expect others to up their standards as well!

 One important thing is that even if you agree to lend some people money, paying it back is always a problem. And also as you stated, trading is not easy, and such a one man business, the trader is been blamed for both losing and profits. Most traders reinvest thier capital and profits, which makes it difficult for them to lead or give out money. But that doesn't make them stingy, they are simply conscious of their money.

but this is the advantage in trading, where profit or loss is the sole responsibility of the trader, so this work is free and without bringing down others. still this is not young, because we need experience for trading, in order to survive in the market

well, it's just that sometimes people become ignorant when they are not lent money, or have been lent money. this is happening in my neighborhood. where when they borrow because they see someone has a lot of assets, and sometimes they make a sad face to borrow it. even when someone does not have money or only has money for capital to trade or business, but they try to lend it. however, when the time of collection, even the person who borrowed the money did not intend to return it, or even was fierce to the person who lent him the money.
Well, don't be easy to lend money when you don't take collateral from it, or give them a loan according to what you can lose. because when you lend it without collateral, well it's risky.

Some of the traders today want to make an urge to make more traders even though they lend some money because they want to earn their money back again to the profit days. We can make a trader without having the capital to the platform but again the lower the capital the lower the profit so it's better to manage the risk. Some of us of course does not have large enough money to commit good trades. Still, tis better to have a trading plan to prevent getting too many losses and lessen the risk of every trade.

It's true that traders' money is prone to being used in a sudden due to unstable market conditions making it difficult to lend, but in my opinion in some cases there needs to be an exception especially if the borrower is his own family or close relatives. It may be necessary to make an allowance for principal that is not used as trading capital so that there is idle money just in case during an emergency.

It’s hard to lend money especially if we know we can use it to trade more and can give us profit but if we have extra and know friends who needed it then its fine as well if they will do trading too. While it’s safer to invest or trade using the money we only have if we know we are good enough in trading and capabilities on making our money grown then it’s okay to loan for money but not to ask for all. I have know someone who is a trader from forex trading  company who is knowledgeable in trading , some of her salary is saved and decided to loan some extra from friends as capital. If we know we have capacity to pay and set our goals and mind on what to do then it’s good to try provided we set schedule, and gives interest to a loan.

I have 2 friends that I would die for, and I would be willing to give them all the money I have, all the things I own and even one kidney (need the other). However aside from that there are not really any people I would give money to and I do not have to, I do not have to do it for that 2 friends neither if I do not want to but I personally would be ok with just those two.

At the end of the day we are all responsible for our own finances and if we are paying taxes then it is upto government to help people with that money. All in all I would imagine that it is clear for people to end up being as rich as possible in capital so that they could trade and if someone asks them to give their money then it makes no sense, why would I not only give you my money but also lose my capital that I trade with? Let everyone earn their own money and not beg others for money.

There's a huge difference between speaking it publicly and doing it in private. We all have a heart and we'd love to help out our friends who may be in need at some point of time and I'm not saying that you're wrong, but the fact is that, the past 3 years have completely changed the mindset of every single person and nobody behaves the same, be it a trader or a normal 9-to-5 average job guy or even your aunt who used to come to your home for a get-together every week or so, is not seeing you anymore just because of the fear of covid. Things have changed a lot. Okay sorry for off-topic.

Yeah, you're right OP that we shouldn't lend money when we can't, as our trades may need extra capital in order to bring in extra margin and save that trade from being liquidated.

It's really not recommended to lend money from trading capital, because crypto price movements are volatile and the risk is high. Must have some
money just in case if the market falls, we can take the opportunity to buy coins at low prices. If our trading capital is lent to other people, then we can
lose the opportunity to buy coins at low prices, because our trading money is lent. But of course the case is different if there is an urgent need,
where our family needs help from us, we should be able to help. It would be even better if we can manage our finances well, which is where
we distinguish between money for trading capital and emergency needs.

I agree about the situation.

If that's all about his family and needs, then that money would be borrowed for sure if a trader is too close to his family. But there can also be those traders that still won't allow.

Either its a family or not, as long as the reason to borrow money needs immediate response just like in a situation between life and death, then you have to be selfless that time. Even if you can't lend a big amount, the fact that you let that person borrowed from you is already a big help.

Once you're a trader, it does not mean that all your funds are only circulated for trading. Some  may have invested in other aspects too, or even reserve a big amount for savings too. As long as you have extra money that is only intended for future use, then lending out money would never be a problem provided that you also know your borrower well.

Yes we dont owe them what we achieve. But I think if you know to yourself that you're somehow capable to lend, especially if this particular person is close to you (a family member) then if its me I dont see any problem with that.

Though its really satisfying to earn money through our own capital and hardwork. Because it doesnt necessarily mean that we need huge capital as a beginner, any amount will do, what matter is what you learn through that experience. Money is not hard to earn if you are hardworker and striving to get it.

You make sure the person to who you lend money to is a person who will is also capable of paying. Otherwise, you'd lose a friend and money in the end. Relationships can go wrong in a very unexpected way and it's always about trust that makes it sour. When money is part of this relationship, you may have to consider it a business relationship. No more than that.

Yes, it depends on the circumstance for sure but often people don't like lending money to people and not to mention people who are not trusted to be paying it back.

Even family members can sometimes make it difficult for you because once you start trading and you think like trader you'd want your capital to work for you. I often find people lend out even to family with an interest rate. It is also a personal choice, right?

Yeah! Though losing a friend is really kinda harsh for me, I think losing a trust is worse because if you lose a friend because of the money that you lend then I don't think I shouldn't call him/her a friend, I don't have a friend like that so mostly if my true friend will not pay me then I think the trust will be gone to him because he can't keep his promise but we are still friends but not the same as before, he should gain my trust again

Well, as what OP says that its his own money so he can do everything he wants even putting an interest to those who will lend some amount. As long as he will still gain profits, then he will really take chances to lend out money.

As a trader, i do understand that every money counts. Because even in a small amount, you can already use it to trade. But if someone will ask you to borrow money, as long as he is capable to pay it, i guess there's no problem with that, unless he is also taking an advantage from you because he knows you are already into huge profits from trading, that will definitely create a big problem.

a trader doesn't even know whether to make a profit or fail so lending money especially trading capital to other people is wrong. assets for trading should be specific to trading only and not disturbed for other purposes. as it is said that the capital for trading is always rotating and active so if it experiences a stop then it will result in failure.

Sometimes that is true if in this condition where other people only consider that you have much money and you seem to be rich. And they may not think about how do you work and how you hold the money.
But if you know that the person is really reliable and deserves the loan, just give it, moreover for our family or close friends but ensure that we really know the exact reasons and we know their condition at that time, the urgency and emergency sometimes are very dependable.

But if the people are going to borrow your money because only seeing that you have much money and they will use the money, not for something that is important and urgent, I personally will avoid this softly.

People like that are more on taking advantage and are more likely not to pay you back. And if you'll refuse from lending them money, then they will start hating you when in fact, we don't owe them any amount because its our own hard earned money.

However, there are those people who are really sincere from their intentions so you don't have to worry because they will definitely pay you back. For me, as long as i have idle money, i'm willing to lend out money but if those funds are just intended for my trading purposes, then i won't probably touch that amount.

This depends on the personality of each trader, not always the profit generated is used as capital for further trading. If a trader already has a lot of advantages in every trade, and is willing to help his friend who is in trouble and feels sorry for his friend's financial problems, this is not a problem for me. We as traders who are already earning must have a social sense to help each other, in life we cannot predict that in the future we will also need the friends we are currently helping.

But not all would really be having that kind of mindset and do end up on being too selfish and would mind off for themselves because they don't really believe on something like future help into those people who had been helped out by them.

Its a personal kind of view because not all would really be having that behavior and would just focus out on their funds and wont tend to help out another people who are in need.

When it comes to diversification on other businesses or possible financial help then its out of their own considerations.

This; yeah as simple as like this. Just a personal view; it means not all the traders necessarily to have some opinion. It will definitely vary traders to traders. In my opinion, when traders are easily going for availing loans, why not we could expect them to understand other people's timely need. This way lending in and lending out may not have differences for a trader.

If you are a successful trader then you will have excess funds which incurred as your profits and moreover, re-investing your profits for next trade is highly discouraged as it will apply extra risks to your trading plans. This way, you must have excess fund if you are a successful trader.

This should be tagged your perception and yeah, I respect it, but on the contrary, I do think this depends on some factors
* How successful the trader is.
* How well the market is doing
* Who is involved and also
* The trader's willingness to giving.

It truth that trader doesn't easily lend out money. For an active and good trader it will  find it difficult to give it money out because they all believed that the more you have your capital the more you can make your profit. For example for a trader that invest 100usd and the one that have 100usd and lend 30usd out and invest 70usd when Bitcoin 30usd. which one will make more profit? it will  surely be the one that invest 100usd.this is main point why trader doesn't found it easy to lend out it money

This is something involved with own perception and decisions towards your finances because it might not be all willing to give out those lending of money in other people neither on friends because of some common aspect.
Neither he doesnt have that money much or would tend to re-roll their profits for expanding out their capital.This is situational on which neither you do really have some extra money to spent on
lending out money to others or would just stick out on making your capital even way more bigger.Its your choice.

I may agree on you because you also have some point but its not all the time that a trader will definitely make use all of his money to trade. I know even if he's an active trader, he should have always an extra money on his pocket for any immediate purposes. And when it comes to lending out money, for me it will always depend on what purpose will the money intended to use? If its for an emergency reasons, i won't be hesitant to lend out some money because i know how it feels to be helpless. But if its just for such unreasonable excuses, well its a big no for me. Money is always worth every cent so it should be used only for valuable reasons.

Sounds like what beggars usually do. When people being a beggar I would bet they will just throw away their money to the void without knowing how to work with it.
Just don't be a beggar, I would rather to learn in hard way to learn something rather than asking someone who owns big money to lend you some. That's not my type of thing

That just sounds so rude and makes your friends disappointed.

It's may also the same as a sword that has a double edge. There's a potential risk that may occur when we will lose. Trading is the same as gambling, gambling is just because it hoping that it will double your money after a session but in fact that involves risk. Just spend the amount that you can afford and don't bother your 1 month budget. If ever you will lose, it is not going to hurt your pocket.

Even that is a little amount of your capital as long as you can afford to it, that is found, just roll again when your profit once there gain.

On many occasions when a loan is requested, most of the time it is for emergencies, especially when it comes to saving someone's life, in that case I think it is a trader or not, they are things that should be put aside and help, it is a life, it's something different, I have friends who are like that, at university I helped him pass the most difficult subject, and at a time when I was vulnerable, I had a need, I knew I could lend it and he told me I didn't have it, So I said to myself, if I hadn't helped him at the time, maybe this was the date and he wouldn't have graduated, what was that "friend" doing right now? Sometimes the human is what we must highlight the most, not all are bad pay, not all are on the same level, some just need a push or friendly help, money comes and goes, money is paid ...

Traders don't easily lend out money because they know the risk involved in trading.Most atimes when they lose money,it affects them so badly that when someone comes to borrow,they find it very difficult to give it out.

And secondly,the risk of not giving them back is another reason they find it very difficult to lend money,nobody will want to give out money that he suffered to get so easily,forgeting that the borrower might not return it quickly. Since making money is not easy,giving out money is not also easy too.

It is good to have that mindset that nobody owes you anything, and indeed nobody owes you at all in any way. People work very hard to make their money and you can’t expect them to be giving you money at all times, even when they are not in the position to give you that kind of money, everyone should focus on working hard and making their money instead of having to be begging for money at all times.

But, then we as traders should also understand that we have to help others as well whenever we can, because success in this world is measured by people you’re able to bless. So being stingy is not good, but you also have to be careful and not give too much to the extent that you will be destabilized.

Hm, I am not sure if this reference is really necessary but on an average every person has their priorities. When it comes to money each of us will be little worried or overprotective about it. The main reason is, we know that we have it because we earned it and we also have various expenses rather than just “trading” or “investing” the money.

Yes, traders do need money all the time but everyone can actually have a break and spend some money on other stuff too. Also, that’s the whole point of earning the money whether it’s trading or by some other means.

It depends on a trader and on those who are asking them to provide a loan. If it's a close or trusted friend, that trader might have a high chance to lend money. But for a not that close or total stranger, even borrowers will provide collateral, it's still subject to approval and probably, rejected.

If we know the person is a trader, it's good not to disturb them. We don't know if they are in winning or losing status the moment we will ask for a loan. Let's respect them and instead, go to other choices.

That kind of thinking that instead of giving lend to their friends or relatives they choose to use the money to their investment, in believe that they can multiply or grow the money dealing inside this business, traders most of the time have a clear mindset that the intention in dealing with this business is to succeed and make more money out from their money.

It's difficult to ask for help or to loan with this kind of people, even you are their friend or relatives they are not valuing anything than the chances to earn from the business.

And following your answer, traders are not willing to take the risk of not being paid by the people who ask for help and lend money to them.

This is a plane truth about traders in general. Traders always maintain their capital and also always trying to increase the capital, they have the belive that the higher your capital, the more profit you earn, so lending out money will reduce their target and might make them loose alot of profits they expect from the market, that's why they don't lend out money easily.

I understand how traders value the importance of money because they are earning it in a hard way through trading. And trading is really a hard way to generate profits especially if you don't have the skills, otherwise you will only keep on losing huge amount.

However, its always a case to case basis when it comes to money lending. It depends on the reason of the borrower itself. If it needs immediate money for emergency cases, then i know you cannot refuse a borrower knowing there is an emergency matters to attend to.

A trader is always conscious of any active project which he is not taking part in and his capital at time is not always enough when he is still fighting to survive the losing zone as trading is not always a win win zone at all time. Traders finds it difficult to lend money because they spend lots of time losing money in the trade market, which is a hard way to make money, with few wins, lending is not going to be easy. Though, it could depend on whom the person is and to what purpose is the lending for, the reason could be worth it, and the person asking for would also determine if it will be possible, cause within every pair group, there is the possibility of one knowing whom the next person's actions are when it comes to such event.

not all are and there are times when traders keep their money without buying a single coin. usually they set aside their profits unless the trader is risking all their money.
such matters return to certain people and to whom they lend the money. it all regardless of their work as trader.

Op, you are some how correct because one of my friend who know fully well that I have money but all in Bitcoin. This person has been begging me for a loan in our faith currency of which I don't want to convert any of my holding in crypto currency because I usually feel am losing money any time I sell.

lending money in any form even though it's our friend, I think something is not good. because in hindsight it will be a problem with our friends until the breakup of the friendship that has been established. but if we make a profit from trading and want to help friends, of course we must follow the procedure, namely there is a guarantee for the debt