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Author Topic: Loans too risky?  (Read 63531 times)
Doamader
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August 30, 2016, 01:24:45 AM
 #521

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.
Banks do lend money if you show them how much you earn soo they choose the ammount they will risk with you, the time you choose, but in the end requesting a loan without need it will cause just problems. At bitcoin world the most plataforms that allow anybody to request a loan as it is funded to withdraw it are supporting the scamers.


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August 30, 2016, 01:42:10 AM
 #522

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.
A loan is something that is only ever risky whenever you're not sure if you're going to be able to pay it back, even over whatever term you have planned. Some of the notable examples of when you shouldn't take a loan are when you don't have a job or anything that you can use to keep paying the loan, and you have collateral that would seriously impact you if it was repossessed.

Loans aren't necessarily bad, and if they can make you some money then they might be a benefit, but just make sure you can pay them off.

Well it could be talked to how the payment will be. Specially when you are loaning for business purposes. We know we will use it as a capital so we cant pay the same amount right back. It could be weekly or monthly, depending on what you put on the contract.
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August 30, 2016, 02:02:11 AM
 #523

yeah it might be really risky thats why i never give any loans or take it
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?



What kind of smartness is required to take the loan? I didn't understand the meaning of smartness in your post. Most of the lender will expect some % of profit in public. Otherwise, you may not get the loan and also you must provide a valid collateral to get a loan.

To give loans, if you lend money with proper collateral, then I don't see any issue in lending money. But don't collateral which you can't liquidate easily for cash.
I mean is that you must be smart in choosing the people who want to lend you money. You should view their profile data and their history. is it they still have a loan default or not. what I mean by smart in choosing borrowers. because not all borrowers are a good person ?


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August 30, 2016, 03:30:39 AM
 #524

If you really have that number of bitcoins well giving loans or offering loans would be bad for you or in your term risky.Because bitcointalk accounts may be hacked and use to get loans and default it

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August 30, 2016, 03:41:58 AM
 #525


The best loan you make is the loan you don't have! Or with 0% interest or negative interest.. those are good as well... Cheesy
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August 30, 2016, 07:02:08 AM
 #526

Probably yes, Loans are too risky because there is a monthly or anually interest depends upon to the rule of the lending companies. So you need to analyze your profit carefully to achieve your income by calculating the interest of the money you lend. The another risk is if you investment site or business will be a scam that will be your doom problem so its better to use properly your and think twice before its too late.
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August 30, 2016, 07:05:39 AM
 #527

I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.
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August 30, 2016, 07:25:30 AM
 #528

if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing
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August 30, 2016, 07:32:18 AM
 #529

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
There are allot of people who think that loans with bitcoins are really risky and that is true because most of the bills people need to pay cant be payed with bitcoins yet so if you want to make that possible please than it is no problem.
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August 30, 2016, 09:17:45 AM
 #530

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
There are allot of people who think that loans with bitcoins are really risky and that is true because most of the bills people need to pay cant be payed with bitcoins yet so if you want to make that possible please than it is no problem.
Well, they are right loaning is very risky when you do it in the crypto world, you have no assurance whether you will be paid or not. The collateral is not that big or no value at all because there is really no hard collateral that you can sell in case the borrower defaults.

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August 30, 2016, 03:23:34 PM
 #531

if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing

Are you talking from the borrower point of view? Otherwise, any collateralized loan is less risky.
Escrow comes into play when the borrower does not trust you with the collateral.
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August 30, 2016, 03:58:22 PM
 #532

i'm only giving loan to my parent, because i know they will repay or i'll ask to them when i need some, i'm not going in the trouble to take loan from someone unknown, i also don't trust those site that work by giving loan, so just do the same and everything will be fine



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August 30, 2016, 04:25:54 PM
 #533

i'm only giving loan to my parent, because i know they will repay or i'll ask to them when i need some, i'm not going in the trouble to take loan from someone unknown, i also don't trust those site that work by giving loan, so just do the same and everything will be fine
I personally don't do loan or anything with my family because all that's ever happened with people I know that have done things like that are they either lose their money or their relationship deteriorates because of the money issues. While most of the time giving out a loan is fine, giving friends and family loans appears to be more detrimental than profitable.
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August 30, 2016, 04:55:05 PM
 #534

If you really have that number of bitcoins well giving loans or offering loans would be bad for you or in your term risky.Because bitcointalk accounts may be hacked and use to get loans and default it
you are right, thats why i never give loans because in my opinion the bitcoins i lend can be easily stolen

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August 30, 2016, 10:41:43 PM
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The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.

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August 31, 2016, 12:33:03 AM
 #536

yeah for me it is too risky because with loans i might lose a lot of money to be honest

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August 31, 2016, 01:44:39 AM
 #537

The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.


Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.

That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.

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August 31, 2016, 01:57:45 AM
 #538

The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.


Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.

That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.
It's hard to give a loan online, scammers are everywhere there is really no such good collateral that they can offer. I would be glad if I can take a collateral like a land title or anything valuable for the borrower so he will have interest in repaying his loan.

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gilangIDR
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August 31, 2016, 02:14:49 AM
 #539

if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing

so true . with the escrow we can feel safer. because the escrow function is as a liaison between the borrower and also lend it.


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August 31, 2016, 02:53:35 AM
 #540

It can be risky provided you do not know to whom you are giving or not taking the collateral as a security or giving too much of a loan.

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