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Author Topic: Loans too risky?  (Read 66606 times)
reliable
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December 17, 2017, 05:33:13 AM
 #1381

Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.

The loan provider and the getting person can submit collateral and loan amount to escrow. Escrow can provide the bitcoin and if proper interest is not paid, this is safe if we want to be a loan provider. Just sure and safe business.

Majorly the loan seeker has to provide some sort of collateral which is worth almost the same of what is being taken as a loan. Yes escrow service can act as a crucial point also.  But if both parties are from same city then it becomes easy because all the required documents etc can be taken and you can meet face to face and negotiate on terms and conditions.


None the less it is a risky business unless you are rich enough to even lose some of the loan given to parties.
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December 17, 2017, 06:26:59 AM
 #1382

procedures lending too long while the needs of the loan is very urgent. • administrative costs or piece of the loan is high enough so that could not receive the loan whole. • the problem of collateral that much to be the main problem when candidate borrower concerned not intended to provide the collateral in any form. • requirements which sometimes can not be filled with potential borrower, especially when the borrower concerned not have a full-time job. • flowers high enough for the tenor particular, so there is a concern candidate borrowers often end up with the failure of candidates borrower.
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December 17, 2017, 06:49:58 AM
 #1383

Loans are only risky when you don't take the collateral, trust is not that worth nowadays.
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December 17, 2017, 07:26:34 AM
 #1384

All the things we take and we decide must always have the risk of each like the two sides of the coin that can not be separated from each other, it is back again to us how far our ability to take advantage of the risks and risks that are present

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December 17, 2017, 07:56:29 AM
 #1385

All the things we take and we decide must always have the risk of each like the two sides of the coin that can not be separated from each other, it is back again to us how far our ability to take advantage of the risks and risks that are present
Risks should not be taken advantage of, if possible we have to avoid the risk but since risk is inherent in investing like lending money then we have no choice but to take it but we should learn how to minimize it. Lending money could be profitable if you have a good strategy to manage your funds, of course that includes choosing your borrower and ensure that they have the willingness and the capacity to pay.

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December 17, 2017, 07:58:09 AM
 #1386

The loans is very risky because if we can not afford it then our assets will be confiscated, many people who regret because of join the loan, I suggest that we should rely on help from others than loans.

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December 17, 2017, 08:12:05 AM
 #1387

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

What's for being so much worried about loans, mining or whatever? If I were you, and I have 800 BTC at my wallet, I won't worry so much about giving loans and putting interest on it, but, rather I would build a business worth millions that can make a huge profit over time. As they said, giving loans are too risky because there is no guarantee of returning it back specially in bitcoin world. Then stop thinking about giving loans, you have a lot of money, and it is so much enough for you to have a more stable life.

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December 17, 2017, 08:55:35 AM
 #1388

The loans is very risky because if we can not afford it then our assets will be confiscated, many people who regret because of join the loan, I suggest that we should rely on help from others than loans.
That depends on the type of loan, for micro loans you do not need to provide a hard collateral so the risk is high for those who run the business.
Risk factor is always present so if we borrow money and we offer collateral, we need to make sure we comply with the agreement so our reputation is good and we can get back our collateral without a problem.

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December 17, 2017, 09:09:34 AM
 #1389

Loan is very risky in terms of financial status. There should be an assurance that it will be paid off, by showing financial statements. Still it's very risky because of it can be manipulated.
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December 17, 2017, 11:53:48 AM
 #1390

Loans of course are really risky, that's why there are so many bad debt that can't cover and the goverment have no way to solve it.
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December 22, 2017, 06:17:10 AM
 #1391

All the things we take and we decide must always have the risk of each like the two sides of the coin that can not be separated from each other, it is back again to us how far our ability to take advantage of the risks and risks that are present
Risks should not be taken advantage of, if possible we have to avoid the risk but since risk is inherent in investing like lending money then we have no choice but to take it but we should learn how to minimize it. Lending money could be profitable if you have a good strategy to manage your funds, of course that includes choosing your borrower and ensure that they have the willingness and the capacity to pay.
It is not at a good idea to avail the opportunity of loan whether you take it from any of your friend or bank. It is very much difficult thing to pay back the loan and that too in time. this will result in more problems for you and it will be very much difficult for you to manage the things. However, if you do have some solid plan in your mind and you think you will be able to pay it back, only then go for it.
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December 22, 2017, 06:30:04 AM
 #1392

Giving out loans nowadays are too risky, you can't expect too much in return of what is borrowed.
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December 22, 2017, 07:35:52 AM
 #1393

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?
Lol I don't believe a word you say about your bitcoin holdings, no offense.  And what's up with people not returning what they borrow?  Hello, are you new to the world?  It's greed and dishonesty.  I assume you're probably not new to this forum either.


Loan is to risky even if we have a big or small salary income..if we  don't know how to manages it properly.but if we have to plan it for an investment then we are assure that it will gain more profit.and nothing to worry about our loan if we know how to manages it properly especially in our investment.

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December 22, 2017, 07:36:28 AM
 #1394

Look at what happened to BTCJAM, people is highly scamming on loans... even people defualted in loans 100+...
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December 22, 2017, 08:03:23 AM
 #1395

I was always afraid of loans, because I've seen too many scams around. It looks good for a small investment, but at the same time.. You never know when it happens.
if my advice is better do not have to borrow money to the bank or others ,, because it is too risky for sure. better to raise capital than to borrow if my advice still
It is very risky when u take a loan because before you can get a loan you need to put a collateral to approve your loan and also they will get a big interest with it,if you cannot pay your loan they will put a big interest so that very difficult to pay or they will get your assets,or if you badly needed to take a loan plan it properly make a bussiness or investment so that you can manage to pay your loan.


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December 22, 2017, 08:26:16 AM
 #1396

You can try and lend, but it's such a complicated process. A lot of legal issues and generally do not know how honest the person is that would give him a loan. I would not have started such an activity.

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December 22, 2017, 12:43:31 PM
 #1397

If you want to earn on the crypto currency, with the help of loans, you need to become a lender. To open your own business on the market, you do not need to issue additional documents and pay tax. There are also special forums on bitcoin topics. There you can find a lender or borrower on messages and topics. This method is more risky, but also the most profitable, because the actions are not charged commission fee.
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December 22, 2017, 01:04:49 PM
 #1398

According to my loan would be very risky to finance our future. Because it is essentially a loan we will get high interest rates. loans in the form of money is indeed very easy to obtain, but after making the payment would seem difficult and can sometimes damage who are unable to make payments.
The impact of large borrowing will be increasingly difficult to tread. The best interest if not necessary do not borrow.
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December 22, 2017, 01:21:20 PM
 #1399

Loaning investors your crypto-currencies or fiat currency is indeed a very risky move, unless it is possible to get some valid collateral from them as a form of security for their loan, in case the loaner defaults paying back their loans, you could still sell the collateral away to retrieve back your money.

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December 22, 2017, 01:29:46 PM
 #1400

yes loans is too risky. you said that you have 800BTC,  there's so many things you can do in that like investing or build your own business. and also try mining i think its good too
I think the best thing he could do with his  is hold it for a long period of time because if he hadn't sell his  until now he is already a millionaire or billionaire in some countries. If he loan his  back then his profit will not be like what he has now. Everything is risky when it comes to spending your money or trying to invest in projects or businesses but I think investing in  is much better than other things.
I think yes it is too risky because i think you don't have to put your lives in the trouble. i think if we rely on our income and to invest but i think loan are too riskey and you have put into right way to not to get loss. if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way .
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