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Author Topic: Loans too risky?  (Read 63178 times)
goinmerry
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September 12, 2016, 03:40:03 AM
 #621

It depends on how much you  are going to loan ass well  and if you are able to pay it back . You should  only take a loan if you have to buy  something that you really need  and if you are able to pay it back.
yeah make sure that you do not have other options to get the money. if I do not have any other options maybe you can try to think about the loan? yeah because interest could have been giving you a hard
Never borrow money if you just gonna be using it for leisure, you will be paying the interest expense and you will ruin your budgeting because you force to spend on things you cannot afford yet, you need to save to spend on your wants.

True. In my case, I would just borrow money if I really needed to pay a large capital to where I know I could get it back with some profits and the interest should also be payed. That way trust will be built to both loaner and borrower.
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September 12, 2016, 04:28:00 AM
 #622

It depends on how much you  are going to loan ass well  and if you are able to pay it back . You should  only take a loan if you have to buy  something that you really need  and if you are able to pay it back.
yeah make sure that you do not have other options to get the money. if I do not have any other options maybe you can try to think about the loan? yeah because interest could have been giving you a hard
Never borrow money if you just gonna be using it for leisure, you will be paying the interest expense and you will ruin your budgeting because you force to spend on things you cannot afford yet, you need to save to spend on your wants.

True. In my case, I would just borrow money if I really needed to pay a large capital to where I know I could get it back with some profits and the interest should also be payed. That way trust will be built to both loaner and borrower.

These kind of ways or scenarios is good when you intend to make a loan  because you are sure that it would definitely give you money back  and give you profits and even pay your loan without reaching the due date. It would be a good decision  rather than  making loans just to buy on useless things.

phreaky
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September 19, 2016, 01:32:15 PM
 #623

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.
It depends on the situation that you are in because a loan does not have to be risky, if you know that you are going to be able to pay that loan back then there is no problem.
But you should no gamble with a loan because then you will get your self in to trouble.
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September 19, 2016, 05:48:07 PM
 #624

It depends on how much you  are going to loan ass well  and if you are able to pay it back . You should  only take a loan if you have to buy  something that you really need  and if you are able to pay it back.
yeah make sure that you do not have other options to get the money. if I do not have any other options maybe you can try to think about the loan? yeah because interest could have been giving you a hard
Never borrow money if you just gonna be using it for leisure, you will be paying the interest expense and you will ruin your budgeting because you force to spend on things you cannot afford yet, you need to save to spend on your wants.

True. In my case, I would just borrow money if I really needed to pay a large capital to where I know I could get it back with some profits and the interest should also be payed. That way trust will be built to both loaner and borrower.

These kind of ways or scenarios is good when you intend to make a loan  because you are sure that it would definitely give you money back  and give you profits and even pay your loan without reaching the due date. It would be a good decision  rather than  making loans just to buy on useless things.


But all the time if you are going to borrow money or get a loan there is no assurance that it can give you money good enough. So instead of having profit it will just going to give you another problem. So, it is the risk about loans in the borrowers side and for the lenders side would be hard to get paid by the borrower.

For me, loaning or borrowing money is really risky. And if you feel that you are going to have the feeling that you doubt yourself that you aren't able to pay the borrowed money plus its interest. Then it is better if you are going to stop already before you are going to get your desired loan amount. That is just going to put you in deep debt.

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September 19, 2016, 08:04:28 PM
 #625

I dont really know whether this guy is saying true or not.

If its true,then hold 600 Bitcoins as savings as prices will rise high in future.

Lending bitcoins is a stupid idea. It will lead to loss of  all bitcoins.

Know basics of trading and start trading in Bitcoin/Altcoins
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September 19, 2016, 08:17:10 PM
 #626

It depends on how much you  are going to loan ass well  and if you are able to pay it back . You should  only take a loan if you have to buy  something that you really need  and if you are able to pay it back.
yeah make sure that you do not have other options to get the money. if I do not have any other options maybe you can try to think about the loan? yeah because interest could have been giving you a hard
Never borrow money if you just gonna be using it for leisure, you will be paying the interest expense and you will ruin your budgeting because you force to spend on things you cannot afford yet, you need to save to spend on your wants.

True. In my case, I would just borrow money if I really needed to pay a large capital to where I know I could get it back with some profits and the interest should also be payed. That way trust will be built to both loaner and borrower.

These kind of ways or scenarios is good when you intend to make a loan  because you are sure that it would definitely give you money back  and give you profits and even pay your loan without reaching the due date. It would be a good decision  rather than  making loans just to buy on useless things.


But all the time if you are going to borrow money or get a loan there is no assurance that it can give you money good enough. So instead of having profit it will just going to give you another problem. So, it is the risk about loans in the borrowers side and for the lenders side would be hard to get paid by the borrower.
yes i am agree with you,   that there is no conformation that either you will win or lost the money that you have borrow from some one and then invest it some where, because no one can give you the guaranty that either you will win in or lost the money .
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September 19, 2016, 11:23:12 PM
 #627

I dont really know whether this guy is saying true or not.

If its true,then hold 600 Bitcoins as savings as prices will rise high in future.

Lending bitcoins is a stupid idea. It will lead to loss of  all bitcoins.

Know basics of trading and start trading in Bitcoin/Altcoins

If someone really has such ammount lending isnt the best way to act, if i have such i wouldl wait till the halving of 2020 and then sell a big ammount and deposit those into the banks at savings.


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coin_gambler
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September 20, 2016, 12:16:40 AM
 #628

thats true, at least for me it is way too risky because if i had a loan i would be just tied to a bank and i would have to give back a lot of money

HaXX0R1337
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September 20, 2016, 05:07:52 AM
 #629

I dont think that loans are risky, because if you loan to people only with collateral, it will be worth it 90% of times.
Also you need to pick right people- watch out for scammers etc etc. There are ways to prevent being scammed in "loan" threads, you can always do it through poloniex service.
goinmerry
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September 20, 2016, 05:27:52 AM
 #630

I dont think that loans are risky, because if you loan to people only with collateral, it will be worth it 90% of times.
Also you need to pick right people- watch out for scammers etc etc. There are ways to prevent being scammed in "loan" threads, you can always do it through poloniex service.

That is the risky part getting to know the people who you will lend it too. Even those known people could scam lenders and there is no going back to that. The borrower could also say that he didnt steal anythig and might say that he is already known here so why risk it. Who will believe a newbie a member or jr member against a hero.
milewilda
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September 20, 2016, 09:34:05 AM
 #631

I dont think that loans are risky, because if you loan to people only with collateral, it will be worth it 90% of times.
Also you need to pick right people- watch out for scammers etc etc. There are ways to prevent being scammed in "loan" threads, you can always do it through poloniex service.

That is the risky part getting to know the people who you will lend it too. Even those known people could scam lenders and there is no going back to that. The borrower could also say that he didnt steal anythig and might say that he is already known here so why risk it. Who will believe a newbie a member or jr member against a hero.

Trusting your money  to someone is somewhat very difficult since we are talking money here and as we all know that people  do scam usually because of  importance of money and  dont have  intention to pay their debts thats why if you intend to make a lending service then  you must  request a strong collateral so that you would somewhat as=sure your self on the risk involved.

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J Gambler
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September 20, 2016, 09:37:08 AM
 #632

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
Loan too-very risky-if you don't have any plan to pay-for it but if you are going to borrowed of -bitcoin in your friend - make that you will be paying that because he-trusted you with his bitcoins i think the best is the collateral which is your are-going to give something that has a value of your loan.

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September 20, 2016, 10:43:30 AM
 #633

In my opinion, loans is not very risky. If you smart and have a good choose when loaned to someone, you get profit and your money back. Just pick a good high rank bitcointalk account and equal collateral.
Doms
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September 20, 2016, 10:55:09 AM
 #634

I took a loan from our local social security and used that to cover for some emergency expenses from a year ago. I think it was an ok decision to take that loan, even though I am still paying it and will have to pay it for the next 14 months to come. If a loan is something that's going to help you in anyway and you can pay it back in time and on agreed terms, then I am all in on it.
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September 20, 2016, 12:46:49 PM
 #635

Yes indeed gave a loan is very risky because if the person you gave a loan can not responsible you will lose the money that you give a loan. Not many people gave a loan to be guaranteed, usually if this forum is a bitcoin account so that we can have more confidence.
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September 20, 2016, 12:55:03 PM
 #636

Just make some research beforehand and look to who you lend your BTC to and keep a log of your lended BTC so you know what's happening,if you do that,you should have some pretty good experience with lending BTC

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September 20, 2016, 03:23:35 PM
 #637

With ~800BTC you can sell a lot of coins without risk and much more... With this amount you can do mining with cheap electricity (using grid-tie with hybrid energy). And you can also sell in official marketplaces like Ebay, can buy gift card and sell with 25% of discount (as you paid almost nothing in your coins)... Man, honestly, if this is true (and I really want to believe on that), you have at least 10 independent things to earn money and loans can be you 11th business (using the escrows from bitcointalk, because it's undoubtly very trustable).

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September 20, 2016, 05:07:38 PM
 #638

Lending money is pretty much a no-no since you don't have any assurance that the users would pay you back. If you do the collateral-first before lending some money then you might be fine however, if you don't ask for any collateral, in case the user who loaned defaults to the terms then you might as well say bye-bye to your coins.

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September 20, 2016, 05:44:42 PM
 #639

Lending money is pretty much a no-no since you don't have any assurance that the users would pay you back. If you do the collateral-first before lending some money then you might be fine however, if you don't ask for any collateral, in case the user who loaned defaults to the terms then you might as well say bye-bye to your coins.

That is right. I think the value of the collateral should be at least 50% more than the value of the loan.
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September 20, 2016, 08:42:58 PM
 #640

Loan can be risky if you do know what you are doing and lending money or Bitcoin to go and gamble. In that way you are not using the loan in a good way.
If you take a loan be sure that the thing that you are going to buy or invest in make sense and that you are able to pay it back.
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