marcotheminer
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┴puoʎǝq ʞool┴
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March 26, 2015, 06:21:15 PM |
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Loaning without collateral is a big mistake. I understand a loan between friends but don't ever consider loaning a gambler. You will hear 1000 excuses before you ever see your coin back. Loaning is -EV.
Not if you loan carefully  Loaning carefully would be loaning with collateral, if you loan with collateral you are pretty much 100% safe but without it? Even if you are extremely careful, just 1 bad loan and it fucks up everything Not if you give out 100s of loans to the correct people (those with background/trust on the forums). |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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bitboy11
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March 26, 2015, 06:40:51 PM |
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It is quite insane to see that there are actually people in this forum who are lending without collateral.
Lenders should require something pledged as security for repayment of any loan, which will be forfeited in the event of a default.
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rayhan
Sr. Member
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Activity: 378
Merit: 250
be your self
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March 27, 2015, 12:09:13 AM |
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if i had quite a lot of bitcoin and opened the thread loans without collateral, of course before giving a loan i'll check first and probably only give loans to the user with a nice background ..
but of course better to use collateral for safer
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XinXan
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March 27, 2015, 05:17:55 AM |
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if i had quite a lot of bitcoin and opened the thread loans without collateral, of course before giving a loan i'll check first and probably only give loans to the user with a nice background ..
but of course better to use collateral for safer
Yes but there are not many really trusted members and those who arent will probably dont need loans, like in the lending section mostly newbies are searching for loans, most of them to scam. I was planning on giving some loans, i have 0.4 but only with collateral even trusted members |
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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March 28, 2015, 12:40:14 AM |
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if i had quite a lot of bitcoin and opened the thread loans without collateral, of course before giving a loan i'll check first and probably only give loans to the user with a nice background ..
but of course better to use collateral for safer
Yes but there are not many really trusted members and those who arent will probably dont need loans, like in the lending section mostly newbies are searching for loans, most of them to scam. I was planning on giving some loans, i have 0.4 but only with collateral even trusted members if collateral is their account make sure that the value of the loan below the price of the account well... goodluck |
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raderhamart
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★YoBit.Net★ 100+ Coins Exchange & Dice
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March 28, 2015, 05:30:18 PM |
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Lending without a collateral is very similar to gambling.
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BTC-Bank
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Activity: 126
Merit: 10
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March 28, 2015, 06:04:08 PM |
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Lending without a collateral is very similar to gambling.
This is true @raderhamart and let me say that the chances on gambling it is quite better!I am already burn 2 on 2 here...But i will keep try to lend without collateral but i will be a lot more caution this time about the History and trustworthy of the member. Kind Regards, BTC-Bank. |
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chmod755
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March 28, 2015, 06:50:08 PM |
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Not if you give out 100s of loans to the correct people (those with background/trust on the forums).
People are selling forum accounts - so trust on the forums doesn't mean much. Any reliable user will be able to provide a collateral. |
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XinXan
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March 28, 2015, 07:22:01 PM |
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Not if you give out 100s of loans to the correct people (those with background/trust on the forums).
People are selling forum accounts - so trust on the forums doesn't mean much. Any reliable user will be able to provide a collateral. Yes thats pretty much the problem with trust unless its someone really trusted and famous like dooglus, i would trust dooglus of course but normal users can just buy accounts or trust |
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bigbitmine
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Activity: 196
Merit: 100
Big Bit Mine
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March 28, 2015, 07:29:49 PM |
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I don't mind lending with no collateral. It's a individuals choice.
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Gyfts
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Activity: 2758
Merit: 1512
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April 07, 2015, 01:29:14 AM |
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Why is some people doing that? I mean what do they win by lending bitcoins to anyone without a collateral, are they just trying to farm trust? Even if they are its still pretty stupid since you could get trust lending with collateral aswell, am i missing something?
Myself, I've taken out a couple loans in which I did not provide collateral. For one, the loan size were relatively small. Two, I didn't have any collateral. If a lender feels the reward through interest of the loan outweighs the risk of defaulting on the loan, then a lender will fulfill the request in hopes of making a decent return. Others take advantage and either farm trust, or flat out default on the loan. |
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SirChiko
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April 08, 2015, 01:07:53 PM |
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Loaning without collateral is a big mistake. I understand a loan between friends but don't ever consider loaning a gambler. You will hear 1000 excuses before you ever see your coin back. Loaning is -EV.
Not if you loan carefully Loaning carefully would be loaning with collateral, if you loan with collateral you are pretty much 100% safe but without it? Even if you are extremely careful, just 1 bad loan and it fucks up everything You can also loan carefully...you just gotta check the user his trust his posts etc and if you see something suspective then you deny them the loan. |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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XinXan
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April 08, 2015, 02:10:41 PM |
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Loaning without collateral is a big mistake. I understand a loan between friends but don't ever consider loaning a gambler. You will hear 1000 excuses before you ever see your coin back. Loaning is -EV.
Not if you loan carefully Loaning carefully would be loaning with collateral, if you loan with collateral you are pretty much 100% safe but without it? Even if you are extremely careful, just 1 bad loan and it fucks up everything You can also loan carefully...you just gotta check the user his trust his posts etc and if you see something suspective then you deny them the loan. What if they bought the account? Maybe they bought it some time ago with positive trust and BOOM you get fucked, thats why always collateral is the way to go. |
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rememberme
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April 08, 2015, 02:12:07 PM |
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I want to borrow 5 btc, will pay back 6 btc in 10 days.
Pm me for details.
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SirChiko
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Activity: 966
Merit: 1000
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April 08, 2015, 02:19:18 PM |
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Loaning without collateral is a big mistake. I understand a loan between friends but don't ever consider loaning a gambler. You will hear 1000 excuses before you ever see your coin back. Loaning is -EV.
Not if you loan carefully Loaning carefully would be loaning with collateral, if you loan with collateral you are pretty much 100% safe but without it? Even if you are extremely careful, just 1 bad loan and it fucks up everything You can also loan carefully...you just gotta check the user his trust his posts etc and if you see something suspective then you deny them the loan. What if they bought the account? Maybe they bought it some time ago with positive trust and BOOM you get fucked, thats why always collateral is the way to go. You can see if that trust is recent or not...also you can see difference in person's writing style before and after buy. You always gotta research before lending. |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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NyeFe
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April 12, 2015, 11:53:31 AM
Last edit: April 12, 2015, 12:49:20 PM by NyeFe |
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I have no idea why anyone would do this, but I guess people just have faith in humanity.
Personally I have never seen anyone take this risk.
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MicroDApp.com—Smart Contract developers. Lets build a decentralized future!
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marcotheminer
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┴puoʎǝq ʞool┴
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April 13, 2015, 06:47:49 AM |
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I have no idea why anyone would do this, but I guess people just have faith in humanity.
Personally I have never seen anyone take this risk.
I currently have loans total over 5 BTC without any collateral on my lending thread (check my personal message). |
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Webnet
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DaDice! Next Generation Dice Game
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April 13, 2015, 10:56:42 AM |
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its not that easy to get a loan. usually they extensively analyze ur post history to know who they are dealing with.
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sdmathis
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April 25, 2015, 02:33:13 PM |
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It's just like any other business. Some people are skilled at picking and choosing who to loan to. Those people can make good money. Other people aren't so good at choosing the right lending opportunities. They either barely scrape by or they go broke.
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Bardman
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April 25, 2015, 09:06:36 PM |
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It's just like any other business. Some people are skilled at picking and choosing who to loan to. Those people can make good money. Other people aren't so good at choosing the right lending opportunities. They either barely scrape by or they go broke.
The thing is that you cant know if someone is going to pay back even if they are legit and they are willing to pay back at first they may encounter some sort of problem and they wont be able to pay back, what are you going to do then, since you didnt want a collateral |
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