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Author Topic: Loans too risky?  (Read 66492 times)
Btc_1856
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March 23, 2018, 03:56:32 AM
 #1541

I don't think you will get good rewards for cryptocurrency loans. There is no guarantee whether they will pay % at the end of the day, everything should be in your control, otherwise, you will be in loss. So don't give any cryptocurrency loans to unknown persons.

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March 23, 2018, 10:48:13 AM
 #1542

If you have so many coins, then investing could prove to be a lot more profitable than lending, besides you will not have to worry whether you are aid back your loans or scammers.
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March 23, 2018, 02:10:15 PM
 #1543

I don't think you will get good rewards for cryptocurrency loans. There is no guarantee whether they will pay % at the end of the day, everything should be in your control, otherwise, you will be in loss. So don't give any cryptocurrency loans to unknown persons.
- You say only partially correct, although loans are very risky and not guaranteed but in this forum there are still some people who are very successful with loans, they can control every loan and choose reputable people, then what they get is easy money. However, that is just some people, we can hardly succeed as they, we have no experience, if we have loans, the loss is definitely going to come, so the best thing is that as you say, there should be no loans for strangers, even acquaintances in this world, scam too much and greed always can destroy relationships


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March 23, 2018, 02:14:07 PM
 #1544

If you are planning to give out loans to users on this forum, it would be good to check their forum profile and see if they have any bad history of defaulting loans via the trust ratings left on their profile, and always remember to secure a collateral that is higher than the amount you are going to loan out.
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March 23, 2018, 11:01:09 PM
 #1545

For me, it will always depend on the situation, If you can afford to buy your miner or can invest on your own don’t loan to somebody. Yes, lending some money to start your own business can be an excellent way to but it will always be risky. In all investment, there has their own risk in unstable bitcoin amount. Just spend some money that you can afford to lose, because in the end if you fail or lose your money, you will not be pity especially in this industry.
Yes that is important if we can manage to fulfill our need with our own investment, i think it will even be better to reduce our investment but should not try to take loam from anyone, because no one know about the future of crypto currencies, anything can happen in future, therefore we should not depend on loan which will become difficult for to return.

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March 24, 2018, 02:14:11 AM
 #1546

If you are planning to give out loans to users on this forum, it would be good to check their forum profile and see if they have any bad history of defaulting loans via the trust ratings left on their profile, and always remember to secure a collateral that is higher than the amount you are going to loan out.
I would not advise giving loans using this forum if you are not a trusted member, there is no security that such person can pay so you have
to be more careful and learn to minimize the risk. AFAIK, before you have to collateral you account in order to get granted and some people are just
abusing it as they can easily buy new accounts.


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March 24, 2018, 07:00:45 AM
 #1547

This topic was launched in 2016. It is interesting to know how a person ordered his 800 bitcoins? zachmartus Last active Last March: 28, 2016, 10:13:01 PM.
Who has 800 bitcoins, he most likely does not have time to sit on the forums. Or maybe he's scared that criminals will find him.

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March 24, 2018, 07:03:39 AM
 #1548

If like lending money to people and business that you personally know of or have agreed upon on, yes you can say that it is better than resting your money off because of interest.
Pretty sure it is not quite a good idea to loan on people online unless you collect collateral, they can easily run off to another account without a trace.

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March 24, 2018, 07:41:59 AM
 #1549

Of course, if we do not have the skills to manage finances and business then do not ever loans, it will make life difficult, if you are a business then starting from small things and without relying on loans.

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gelay
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March 24, 2018, 08:41:30 AM
 #1550

yes there is no doubt about this that loans are too risky so you should be careful when taking loan as there is always a chance of loosing bitcoins if he price fell down so try not to buy or do trading on loans as you will then not be able to return it back.
Too many people now are engaging in loan because of poverty. In time in emergency and we don't have a money so we engage in loan. To have a money in emergency purposes. Loan are very risky and have a bigger interest. So if you have another option don't  engage in loan.

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destroyer01
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March 24, 2018, 09:28:28 PM
 #1551

There are risks involved with a car title loan just as there are risks with any other type of loan.If a borrower makes payments on time,both the borrower and the lender are happy.The lender makes money, and the borrower keeps his vehicle.
Andrene
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March 24, 2018, 10:09:04 PM
 #1552

Seeing this topic today looks like just holding it would do a great job.
I wonder what this guy did with his Bitcoins. Temptation was great Smiley
wowbit123
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March 24, 2018, 10:33:25 PM
 #1553

Loan is risky they are not but sometimes . They are loan who are risky when you forgot to pay just like that but it's not risky at all because when you are a trusted people who are trusted to pay your a trusted man with a loan.

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March 24, 2018, 10:38:36 PM
 #1554

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

I think that you should be worry about keeping your coins because there are a lot of sites today who are hacking their own investors and you should look on a very reliable site to hold your coin for you to enjoy the wealth.

Dainye_dyep
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March 24, 2018, 10:44:10 PM
 #1555

I don't think you will get good rewards for cryptocurrency loans. There is no guarantee whether they will pay % at the end of the day, everything should be in your control, otherwise, you will be in loss. So don't give any cryptocurrency loans to unknown persons.
Indeed. Now that people already know the essence of collecting cryptocurrency, I bet it will be a very hard time for you to keep on trying to get them what they have borrowed in terms of cryptocurrency because admit it or not that even there is a lot of ways on how people can earn these, it is still hard and takes too much time before you can be able to get some. Also, in the world of cryptocurrency you will encounter lots of unknown individuals that if you will entertain them with service loan you offer, for sure you will get a great loss in it.

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Perseusallen
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March 24, 2018, 10:50:28 PM
 #1556

Yes. Loan is too risky when you dont have a sure money that you will have to in the future. For me? I dont want any loan for this year cause its risky you have a loan cause you keep always thinking about the future of your money. Also you will not able to earn more money cause of that loan.
UzumakiSakuragi
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March 25, 2018, 12:38:37 PM
 #1557

LOAN IS RISKY IF U INVEST THE MONEY OF THE LOAN INTO THE BITCOIN AND CRYPTOCURRENCY BECAUSE IT DOES NOT HAVE FIX TIME FOR GAIN BECAUSE THE FLUCTUATION IN PRICE IS VERY HIGH AND BANK DEMAND ON TIME MONEY IN THE FORM OF INSTALLMENT.SO REALLY SELLING TE HOUSE FOR BITCOIN OR TAKING LOAN ON HOME IS REALLY FOOLISH ACTIVITY.

Well i will not recommend you to do  that.but at some point maybe i  Will consider invest half probably.and the other half i will invest in other busnes to support  both ways.but take a careful study first before taking a risk! Or you may end up losing all..

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March 25, 2018, 12:50:13 PM
 #1558

I think the risk will always be there if you make an investment or trying to grow your bitcoin. example of borrowing money. there will always be a risk that they will not pay it. therefore you must be smart in selecting the right person who will give you a loan?

isyot12345
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March 25, 2018, 01:35:19 PM
 #1559

I think the risk will always be there if you make an investment or trying to grow your bitcoin. example of borrowing money. there will always be a risk that they will not pay it. therefore you must be smart in selecting the right person who will give you a loan?

Yes it's true loan are very risky like my nieghbor when she loan at big amount money then when she find to pay her loan she's gone like a bubbles.other people was danger when talk about the money.so you find the right people who trusted  and not like a strangers.

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March 25, 2018, 01:49:10 PM
 #1560

If you are planning to give out loans to users on this forum, it would be good to check their forum profile and see if they have any bad history of defaulting loans via the trust ratings left on their profile, and always remember to secure a collateral that is higher than the amount you are going to loan out.
I would not advise giving loans using this forum if you are not a trusted member, there is no security that such person can pay so you have
to be more careful and learn to minimize the risk. AFAIK, before you have to collateral you account in order to get granted and some people are just
abusing it as they can easily buy new accounts.

I agree with you, since it is very risky to loan someone on the net whom you did not know. A  complete stranger that  has only his rank or reputation to trust but if there are feed backs from  known personality here, maybe I can give a try but in minimal amount first.

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