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Author Topic: Loans too risky?  (Read 66606 times)
TOTOARRO
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January 10, 2018, 03:43:24 PM
 #1481

In the loaning and getting business it is normal. also, to pick up benefit we should set out to go for broke. By utilizing advance supports as capital, it is in fact unsafe, and obviously we should first consider among every one of the dangers and advantages.
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January 10, 2018, 05:44:51 PM
 #1482

Yes, i beg to agree with your topic since you are giving someone what you earn or invest for. If the loaner doesn't give back what you give for him/her, that will become a problem
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January 11, 2018, 11:32:57 AM
 #1483

In the loaning and getting business it is normal. also, to pick up benefit we should set out to go for broke. By utilizing advance supports as capital, it is in fact unsafe, and obviously we should first consider among every one of the dangers and advantages.
I don’t really know how this loaning works, but if it’s the way I’m thinking about it, then it’s probably a bad idea, cause it will be very risky to give out loan to someone you don’t even know. What if the person refuses to return it, how are you going to him or her? Loan is much better when carried out offline with someone you know better and not with strangers.

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January 11, 2018, 03:25:04 PM
 #1484

Don't bother loaning your Bitcoin to others, unless you do it through a platform where users will give you collateral for a loan. There are a few now, though only Ethereum and fiat can be loaned at the moment. One of the most popular ones is EthLend, you should check it out. Better this way as it is safer.

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January 12, 2018, 02:49:11 PM
 #1485

Loans can pretty risky to take, in fact. Unless you really need it, I suggest that you never take a loan. It is valid to remember that the bank is not going to lend to much money without a good reason to do so.
Taking a loan should have a valid purpose, if you are just borrowing money for entertainment then you will have a problem very soon.
Some people take loan as they want to to recover their loses, as a lender, you have to know the purpose of the loan so you can analyze if your chances of getting repaid is good.
Yes indeed loans a very risky when you will get loan from any bank so then you have to return that loan to them in installment and since bitcoin is arrived so a lot of people are joining bitcoin because from bitcoin you can earn a lot of money and you don’t need to get any loan from any one because there are a lot of options to earn from bitcoin and they all are every easy to earn from bitcoin is for every one even housewife’s are also using bitcoin.

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January 12, 2018, 04:56:14 PM
 #1486

Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only  to your loan. Its like nothing happened in your investment.
In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.
Lending can be incredibly risky in crypto with traditional currencies most of the loans are from banks and people located in the same country and subject to the same law, but in the internet you could be lending to a person at the other side of the world with different laws, who knows, maybe the law says bitcoin is not a currency so what you did was not a loan and most likely you will  not be able to get your money back since the cost of trying to do will be bigger than the loan itself.
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January 12, 2018, 06:11:12 PM
 #1487

Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only  to your loan. Its like nothing happened in your investment.
In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.
Lending can be incredibly risky in crypto with traditional currencies most of the loans are from banks and people located in the same country and subject to the same law, but in the internet you could be lending to a person at the other side of the world with different laws, who knows, maybe the law says bitcoin is not a currency so what you did was not a loan and most likely you will  not be able to get your money back since the cost of trying to do will be bigger than the loan itself.
so really I think it's better to borrow baseball to follow the business in the world of crypto. because it is very risky so if you do not have the capital do not ever minjam just to follow the business in the world crypto .. it's advice
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January 13, 2018, 01:17:08 PM
 #1488

It is true that loan is too risky. If you want to loan  you need to know what is the purpose of your loan. Think something things that you can benifet so that your loan will become productive.

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January 20, 2018, 12:09:29 PM
 #1489

Yes loans are too risky because of if you loan $1000 its interest is so big like it can turn its price like a half of what you loan so its too risky for us
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February 01, 2018, 10:54:23 AM
 #1490

Polonex exchange has a lending tab. This is one of the less risky options for borrowing crypto currency.

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February 01, 2018, 12:32:56 PM
 #1491

If you engage your money for loan , its very risky unless the money being loaned has a collateral in exchange, like in the bank,even if your friend will loan your money, you cannot be sure if he or she will returned his loan money.If you will also engage in loan , be sure to invest it wisely so that you can porfit more and can pay the interests of your loan, that is the risk of loaned money.

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March 07, 2018, 08:20:04 AM
 #1492

If you engage your money for loan , its very risky unless the money being loaned has a collateral in exchange, like in the bank,even if your friend will loan your money, you cannot be sure if he or she will returned his loan money.If you will also engage in loan , be sure to invest it wisely so that you can porfit more and can pay the interests of your loan, that is the risk of loaned money.

Yes, loan is too risky. So if you want to loan your money to someone, be sure that you know his / her background, check his if he has means to return the money to you like for example, he has job or business. And also be sure to have a written contract signed notarized by a lawyer.
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March 07, 2018, 08:33:27 AM
 #1493

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

Lending loans is too risky unless you ask for a colllateral and there should be a contract for the mode of payments. If you will be in a loan and invest that loans you should consider the interest with regards to your investment profit. For me it is ok to loan with your profit is more than your loan ineterest rate.
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March 07, 2018, 12:06:30 PM
 #1494

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

Lending loans is too risky unless you ask for a colllateral and there should be a contract for the mode of payments. If you will be in a loan and invest that loans you should consider the interest with regards to your investment profit. For me it is ok to loan with your profit is more than your loan ineterest rate.
Actually it's hard to require a collateral when you are lending online, some are just basing on the reputation like this this forum.
They are called micro loans for me so it's not really important to them if one or some will not pay as long as in overall they will be profitable.
In this case, they need to provide a higher interest.

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March 07, 2018, 12:26:27 PM
 #1495

I think it depends on what asset you will eventually borrow. If the good is a car, then it would not be advisable since it has a shorter period of life. Invest on real estate or stocks

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March 07, 2018, 12:30:11 PM
 #1496

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.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.
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March 07, 2018, 01:53:52 PM
 #1497

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.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.
Loans are helpful but if you do not have a good internal control to minimize the risk then do not run this kind of business.
Borrowers will find a way to have their loans and the risk is not on them since they are the one enjoying the money, if they cannot pay
and no good collateral then your money is gone, be smart and learn to minimize the risk so you'll end up profitable in the long run.

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March 07, 2018, 09:11:39 PM
 #1498

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.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.
Indeed it is risky if you take the loan then waste it on the useless things or maybe you take the high amount of loan from some kind of bank then they claim you had very high amount of loan but you I not get that high, so if you take some loan just be careful and just right after getting it try to invest the loan in bitcoin so that you will be able to have high amount of profit in future and then you will be able to pay for the loan only with the 20% of your profit out of investment so it think this way loan is not risky for you but it will be good for you.
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March 07, 2018, 09:41:47 PM
 #1499

Oh if you wasn't lying about your bitcoin balance in 2016, hope you still have them or at lest sold when bitcoin was 19,000$. Anyway, loaning your coins to people specially online very risky, they will always try to scam or find ways how to. I think collateral is only one way of how to not be scammed and not lose money, you should always ask for at least 120% of loaning amount. But to be honest, 800 bitcoins now open diff ways to earn money way safer, than on "loans".
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March 08, 2018, 03:09:16 AM
 #1500

Approximately yes it's too risky because once you Can't pay it on the exact date you agreed for the interest gets higher and so if you don't need money badly then it's an option

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