Anyone ever use BTCJam? Would you recommend as good BTC investment?

[Hollingsworth]

I am looking for investment opportunities with BTC, and came across BTCJam loan service:

https://btcjam.com/

They are showing decent returns and have tools to minimize risk.

However, they do not seem to have a lot of loans on the books, and the loan descriptions seem a bit sketchy: loans to invest in alt coins, stock investments, or in paying off other loans.

Appreciate any feedback from anyone who has used this service.

Thanks!
H.

[MCHouston]

I did some loans to buy mining equipment, and always paid back my loans.  Usually early.  So at least for my investors they got a good return.

[jdebunt]

BTCJam is a great platform, but they are quite lackluster in terms of enforcing the payback of loans....

[Hollingsworth]

BTCJam is a great platform, but they are quite lackluster in terms of enforcing the payback of loans....

Duly noted, thank you.

[ajaxmoor]

In the beginning I actually had a friend who loaned out and despite all the risk reductions he ended up losing a lot of money . So as long as you stick to trusted members you will likely get your money back but its always a risk.

[bitcoinmasterlord]

BTCJam is good. You can achieve up to 20% profit per year though you risk losing money too when you lend to the wrong person. Make sure that you only lend to "safe bets". It would not make sense to lend, in order to earn more, when you risk to have lost something at the end.