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Author Topic: Loans too risky?  (Read 66498 times)
doycku
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April 17, 2018, 07:24:38 PM
 #1601

I really do not believe in lending and giving back. I am not selfish and when I give "borrowed" money I am aware that I probably will not get my money back, not all people have the good sense to pay what they owe.
The fact is that we spend a lot of our lives turning attention to credit. Perhaps loans are almost the only way for many people to solve their problems or pay for what they want. Proceeding from this, we voluntarily hang ourselves on the neck of Yarmo, as credit debts.

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April 17, 2018, 07:28:50 PM
 #1602

I think that it is a good idea to take some measure to prevent thouse you loan not to be able to pay back, you should think at some goods that they put it in front or services and create a smart contract. It is the safest way to give loans.

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April 17, 2018, 08:16:30 PM
 #1603

If you have a work that has a fixed salary Loans for you will be okay because can payback from your salary. But if you do not have any work it's very risk for you, because you did not have any income to pay it back.

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April 17, 2018, 08:28:14 PM
 #1604

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
Yes thats true giving oir a loan is too risky though you're giving it with a proper interest,you must be wise and be picky to those whom you your giving their loan and ask for any collateral to be hold in case you got nothing in return on the time of payment.
You are a lucky man and you should be aware of the terms secure loans and insecure loans. You are all a financial institution now. Work like one. Investing or lending your worthy coins in place on no return is a sign of no wisdom. Also, if you wanna lend out, better keep the time span and the cost time value of the coins in the mind because in future, the value of the coins would fall due to inflation.

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April 17, 2018, 08:36:33 PM
 #1605

Everything depends on people you working with. At my opinion loans can be very good way of earning money when you have some power and money. Grin

BertoloyBTC
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April 17, 2018, 08:40:49 PM
 #1606

When you are engage in loan transactions it is so very risky especially for lending firms that imposes strong promisory notes for those who made that loans, that you promise to pay that lian within certain period of time , and the next thing if you can not pay you be put to jail or your properties will be taken by the lending firm for your loan ,that is the risk for loan.

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April 19, 2018, 10:26:58 PM
 #1607

I think that credit should always be taken wisely. The approach is needed to cryptocurrency is quite reasonable, in order not to burn.

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April 21, 2018, 03:15:07 PM
 #1608

Yeah, loaner was too risky but you cannot know it if you cannot try, because they had a lot of people who needs loan for personal interest like starting of business, thats why you need to take the risk.

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April 21, 2018, 05:50:22 PM
 #1609

I think I agree with that loans are too risky here because we don't even know them if they will truly pay what they loan to get to us and I think that's not better to give here but if there are people who can trust we can give them loans.

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EdenHazard
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April 21, 2018, 06:03:21 PM
 #1610

Everything depends on people you working with. At my opinion loans can be very good way of earning money when you have some power and money. Grin
With loan we will be encouraged to gain profit, we will become very serious and more careful when using it. The burden will always make us serious and sure, unlike using our own money we will be more ignorant and awaken ourselves if we get loss.

That's right loan is a good way to earning money. Because we have a target clearly. Sometime I just remember who was happened in my life when I going to trading. I always underestimate the targets I've made before.

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April 21, 2018, 06:40:23 PM
 #1611

I think I agree with that loans are too risky here because we don't even know them if they will truly pay what they loan to get to us and I think that's not better to give here but if there are people who can trust we can give them loans.
This is really very funny, since many people left the banking system to forget even the words of great-grandfather, then even in the crypto currency again begins to introduce this concept. I think that people themselves are to blame for their problems.

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April 21, 2018, 06:44:38 PM
 #1612

I think I agree with that loans are too risky here because we don't even know them if they will truly pay what they loan to get to us and I think that's not better to give here but if there are people who can trust we can give them loans.
In the past, loans are really too risky because we can not know if someone else is reputable or not, even sometimes with reputable people, they can also publicly not pay for us, putting trust in others in the online world is never a wise idea. Loans and losing money is always a story that happened very often, however, in the present moment, I have found a reputable site in helping others lend, that is ethlend, a lending platform based on network ETH, we can lend and get back the profits very easily

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