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Author Topic: Loans too risky?  (Read 66492 times)
P2Pfinder
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July 04, 2017, 01:38:07 PM
 #1041

As i wrote on other post, Bitcoin Lending are near to die...

Actually i'm on Stemfund (http://stemfund.com/ ) , but apart 1A rating application and some Build Rep Loan (not withdrawable) much of borrewoer are pure scam attempt. Also after Jam close is really hard to trust new lending platform

Actually bitcoin lending market offer is really poor, only available are:

- Bitbond (BTC & FIAT loan)
- Getline (not clear about term of fund rembursation by borrower)
- BTCpop (Ex cooworker Lee stole them over 100 BTC)
- Stemfund (Working since 2013, but unknown)
- Xcoin (not open to all country, paypal secured BTC loan )

But only the first tree work better: stemfund as i wrote is not known (but i made some little profit there)  and Xcoin is not open to all country (and by using paypal as collateral is really risky).
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July 04, 2017, 01:50:27 PM
 #1042

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.
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July 04, 2017, 02:02:37 PM
 #1043

If you are the person who will give loans then it is probably risky because the person who is taking the loan might not pay back to you and that is when the loans are so risky for a businessman like you, so it is best to try other sources of income or if you can't find other source of income then you need to required at least a good collateral.

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P2Pfinder
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July 04, 2017, 02:12:18 PM
 #1044

If you are the person who will give loans then it is probably risky because the person who is taking the loan might not pay back to you and that is when the loans are so risky for a businessman like you, so it is best to try other sources of income or if you can't find other source of income then you need to required at least a good collateral.

On a good Asset Allocation, Unsecured loan should be no more than 2,5 -3% of total asset value. So if you have 100 bitcoin, you should invest no more than 3 bitcoin on unsecured loan (i invested 5% but i was luky ). Also, never go all in one.
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July 04, 2017, 04:04:37 PM
 #1045

If you are the person who will give loans then it is probably risky because the person who is taking the loan might not pay back to you and that is when the loans are so risky for a businessman like you, so it is best to try other sources of income or if you can't find other source of income then you need to required at least a good collateral.
If the individual providing the loan is collecting the collateral for the loan then the risk is minimal,there is not much risk involved if you are able to provide the loan only if you are getting a good collateral and reject the rest,even if you look at this forum there are people giving out loans,loans without collateral are risky but most of them are playing safely.

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July 04, 2017, 06:12:06 PM
 #1046

Giving loans to trusted members and earning interest when they payback the loan is a very good way to earn some extra money, but always make sure to collect a collateral of at least 120% of the amount you loan out to safeguard yourself should they default on the loan and ran away with the money, giving loans is not a risky business if you know the proper way to secure a valid collateral from the lender.
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July 04, 2017, 09:14:26 PM
 #1047

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

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July 04, 2017, 10:04:36 PM
 #1048

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Working with a crypto currency is understandably a lucrative business, and you can build a business on this too. It's also not bad, but the fact is that risks are always present and if this applies to me, for example, it happens that I work at the exchange of arms, I'm just afraid of making a lot of mistakes .

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July 04, 2017, 10:26:02 PM
 #1049

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

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July 04, 2017, 11:08:20 PM
 #1050

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.
Risky for those who are operating their business because it's just all about the trust, and if the borrower will choose not to pay then you can't do anything to enforce the collection since the collateral is not that valuable which in most cases are just your forum account set as collateral.



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batang_bitcoin
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July 05, 2017, 06:20:27 AM
 #1051

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

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July 05, 2017, 06:33:52 AM
 #1052

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.
This is just the way by which lending is done. Truly speaking the same is not effective with every user which makes lending service more risky. Importantly the legitimacy of the collateral is a must that need to be checked before providing the requested amount. There are users who provide fake collaterals and try to cheat causing the lender into loss.

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July 05, 2017, 07:49:02 AM
 #1053

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.
i never remain in favor of loan for bitcoin. although it very much possible that the price of bitcoin will increase in future but still the fluctuation is always there and therefore no one can say anything so clear about the price of bitcoin and specially those people who can come in pressure to soon, specially those who do not have experience in short term investment.


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July 05, 2017, 08:39:18 AM
 #1054

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.
i never remain in favor of loan for bitcoin. although it very much possible that the price of bitcoin will increase in future but still the fluctuation is always there and therefore no one can say anything so clear about the price of bitcoin and specially those people who can come in pressure to soon, specially those who do not have experience in short term investment.
That's the risk of bitcoin. When you borrow the bitcoin and you convert it to fiat then the bitcoin price goes up. Maybe it will be a bad thing for you because of course you will buy more expensive bitcoin to pay the debt. That's the risk of loan in bitcoin

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July 05, 2017, 08:52:28 AM
 #1055

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.
The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.

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batang_bitcoin
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July 05, 2017, 08:59:17 AM
 #1056

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.
This is just the way by which lending is done. Truly speaking the same is not effective with every user which makes lending service more risky. Importantly the legitimacy of the collateral is a must that need to be checked before providing the requested amount. There are users who provide fake collaterals and try to cheat causing the lender into loss.

Well the lenders can verify the legitimacy of the collateral that the borrower is presenting to them because they had the experience and they are the one to decide. And for those borrowers that will try to cheat well for sure they had penalty that will be done or any action regarding to that move.

grermezter
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July 05, 2017, 09:42:32 AM
 #1057

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Why do you even bother to loan your bitcoins and risk losing it when people don't pay at all, it's more prudent to hold the bitcoins and see your profits quadruple in a few years or months. I advise you don't enter into the loaning business at all.

Sled
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July 05, 2017, 10:19:03 AM
 #1058

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Why do you even bother to loan your bitcoins and risk losing it when people don't pay at all, it's more prudent to hold the bitcoins and see your profits quadruple in a few years or months. I advise you don't enter into the loaning business at all.
Yes, stay away from loaning business because it will not help you to earn money and you are just risking your money to the possible scammers that will borrow money from you. Find other possible source of income aside from loaning business or just hold your bitcoins because it is much safer than loaning business but the best for me is just to invest in some coins for long term also like what you are doing in bitcoin.

Paid Piper
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July 05, 2017, 11:48:11 PM
 #1059

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.
The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.
to me i personally do not like loan, as there nothing to say about the price of bitcoin and if the price unexpected comes down then it will become difficult for me to return the loan.
mrfreezeh
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July 06, 2017, 04:19:47 AM
 #1060

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.
Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.
The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.
to me i personally do not like loan, as there nothing to say about the price of bitcoin and if the price unexpected comes down then it will become difficult for me to return the loan.
But if you can make good with the loans and Margin trading from exchange site as Poloniex, you can earning a huge profit in short-term and can pay small fee for loans, but remember only for "short-term" Grin
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