Loans too risky?

[Zadicar]

in my opinion loans are too risky especially if you dont have any idea on how to lend someone. If i were you, ill just hold those bitcoin for more years and it will surely give you a good profit since you bougth it for $56 only. If you wanted to invest 1/4 of it ill suggest trading rather than lending.

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[praprata]

Loans can be a risky if you ask me but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.

[Doamader]

Well you must search wich company or service you will trust your bitcoins, currently im trying to lend here to see how ti will work out, something i know is there are several people dumping accounts at lending service. Dont trust services that allow anyone to cashout the money out from the platafform.

[iram1011]

when you got a Predatory lending you can't save your funds.
most of times you can't understand what is good and what no

[bitkilo]

You have 800btc and store them all in 1 place and of all places that one is coinbase, hmm not too smart.
If you do have that many coins then don't be a tightass and buy a few hardware wallets today and spread those coins around a little and into wallets that you actually control.

I know the vault system at coinbase gives you some control of your btc but it's not enough for so many coins, you are taking a massive risk storing them all on coinbase.

[boyptc]

when you got a Predatory lending you can't save your funds.
most of times you can't understand what is good and what no

For me loans are very risky for the lender, it is not a problem for the borrower since they are going to collateral some of their assets.
Because they have going to collateral something it is not easy to sell that immediately.
It takes time before they are going to get some returns.

[lemipawa]

For me loans are very risky for the lender, it is not a problem for the borrower since they are going to collateral some of their assets.
Because they have going to collateral something it is not easy to sell that immediately.
It takes time before they are going to get some returns.

Risk goes to both parties, Borrower and Lender

Borrower risks his collateral in exchange of money or Bitcoin, example is if the collateral used is an account here in Bitcointalk.org and the Lender posted without the knowledge of the Borrower, Borrower is at risk of being kicked out of the signature campaign because of the quality of post by the lender who used the collateral. Lender may also remove the signature which may result to being again kicked out of the campaign.

Lenders risk is if the account used was not disclosed in public and collateral was offered only through PM, huge risk of being the account used a s collateral maybe hacked or have an existing loan. lenders should scrutinize the account before lending.

[boyptc]

For me loans are very risky for the lender, it is not a problem for the borrower since they are going to collateral some of their assets.
Because they have going to collateral something it is not easy to sell that immediately.
It takes time before they are going to get some returns.

Risk goes to both parties, Borrower and Lender

Borrower risks his collateral in exchange of money or Bitcoin, example is if the collateral used is an account here in Bitcointalk.org and the Lender posted without the knowledge of the Borrower, Borrower is at risk of being kicked out of the signature campaign because of the quality of post by the lender who used the collateral. Lender may also remove the signature which may result to being again kicked out of the campaign.

Lenders risk is if the account used was not disclosed in public and collateral was offered only through PM, huge risk of being the account used a s collateral maybe hacked or have an existing loan. lenders should scrutinize the account before lending.

Well you are right, both parties has the risk at all. And it is very hard to predict that someone is going to run away from his debt.
As long as he is going to put collateral then the capital for lender is going to lose because of that borrower who just left his collateral at all.
So the problem is going to catch by the lender.

[cooldgamer]

For me loans are very risky for the lender, it is not a problem for the borrower since they are going to collateral some of their assets.
Because they have going to collateral something it is not easy to sell that immediately.
It takes time before they are going to get some returns.

Risk goes to both parties, Borrower and Lender

Borrower risks his collateral in exchange of money or Bitcoin, example is if the collateral used is an account here in Bitcointalk.org and the Lender posted without the knowledge of the Borrower, Borrower is at risk of being kicked out of the signature campaign because of the quality of post by the lender who used the collateral. Lender may also remove the signature which may result to being again kicked out of the campaign.

Lenders risk is if the account used was not disclosed in public and collateral was offered only through PM, huge risk of being the account used a s collateral maybe hacked or have an existing loan. lenders should scrutinize the account before lending.

This is why you should use a trusted escrow when accepting a loan from a user that isn't very trusted.  However, there is no guarantee that the borrower won't simply run off and consider it a sale of the account.  A sold account can quickly become worthless if it is tagged as being sold and loses all of it's trust.

[Doms]

For me loans are very risky for the lender, it is not a problem for the borrower since they are going to collateral some of their assets.
Because they have going to collateral something it is not easy to sell that immediately.
It takes time before they are going to get some returns.

Risk goes to both parties, Borrower and Lender

Borrower risks his collateral in exchange of money or Bitcoin, example is if the collateral used is an account here in Bitcointalk.org and the Lender posted without the knowledge of the Borrower, Borrower is at risk of being kicked out of the signature campaign because of the quality of post by the lender who used the collateral. Lender may also remove the signature which may result to being again kicked out of the campaign.

Lenders risk is if the account used was not disclosed in public and collateral was offered only through PM, huge risk of being the account used a s collateral maybe hacked or have an existing loan. lenders should scrutinize the account before lending.

This is why you should use a trusted escrow when accepting a loan from a user that isn't very trusted.  However, there is no guarantee that the borrower won't simply run off and consider it a sale of the account.  A sold account can quickly become worthless if it is tagged as being sold and loses all of it's trust.

All kinds of loans present different kinds of risks. If you personally know another member of this forum, better to borrow from him or her. That might not need an escrow as you both mutually agree on the terms of the loan. Just be sure to pay at the right time and pay the right amount so as not to compromise anything between the parties involved.

[lemipawa]

For me you can start out your own lending company here and you can build trust here in forum. But of course you must use escrow first before going to get some trust out of the people.
And you must have big amount of capital in able to start out lending company.

Unfortunately lending here is not as profitable as it seems, There's a lot of competition already, before there were only a few lenders and now there's a lot of them, you will even bump into someone with an extra coin that will suddenly fund a loan even when he has no lending history but there is no rule against it anyway. Another reason is there's a lot of farmers here that is hiding behind loan, after they get a loan, you will never hear anything from them again, you will end up with an account that will take you weeks to sell.

[goldcoinminer]

For me you can start out your own lending company here and you can build trust here in forum. But of course you must use escrow first before going to get some trust out of the people.
And you must have big amount of capital in able to start out lending company.

Unfortunately lending here is not as profitable as it seems, There's a lot of competition already, before there were only a few lenders and now there's a lot of them, you will even bump into someone with an extra coin that will suddenly fund a loan even when he has no lending history but there is no rule against it anyway. Another reason is there's a lot of farmers here that is hiding behind loan, after they get a loan, you will never hear anything from them again, you will end up with an account that will take you weeks to sell.

It is actually not the competition but the amount of scammers here who just want to take your money. They will have a good words when they lend but when it is time to pay they will not appear and will just disappear like a bubble.

Personally, I think of doing this business but when I study I realize that it is not profitable and has a lot of risk to enter this venture.

[goldcoinminer]

For me you can start out your own lending company here and you can build trust here in forum. But of course you must use escrow first before going to get some trust out of the people.
And you must have big amount of capital in able to start out lending company.

Unfortunately lending here is not as profitable as it seems, There's a lot of competition already, before there were only a few lenders and now there's a lot of them, you will even bump into someone with an extra coin that will suddenly fund a loan even when he has no lending history but there is no rule against it anyway. Another reason is there's a lot of farmers here that is hiding behind loan, after they get a loan, you will never hear anything from them again, you will end up with an account that will take you weeks to sell.

Well you are right it is not easy to build up a lending company in full of lending companies already. The competition is going to be tough for you if you are not good in marketing strategy.
But it depends on a person on how he is going to take the challenge.

Rather than building your lending company you should just invest in a well established company online or you could build a lending company in real life as it is more less risky compared to lending online.

[Taki]

I know that people give out loans but what's up with people no returning what they borrowed??https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

It's simple what is with people who are not returning what they borrowed. For example I borrow from you 1 bitcoin and you transfer it to me to my wallet. I may easily scam you and not come it back to you, cause how will you find me if i will not come back those money? Nohow. But I can create new wallet and that's it. The problem of all this is in that all operations are provided through the net.

[tabas]

For me you can start out your own lending company here and you can build trust here in forum. But of course you must use escrow first before going to get some trust out of the people.
And you must have big amount of capital in able to start out lending company.

Unfortunately lending here is not as profitable as it seems, There's a lot of competition already, before there were only a few lenders and now there's a lot of them, you will even bump into someone with an extra coin that will suddenly fund a loan even when he has no lending history but there is no rule against it anyway. Another reason is there's a lot of farmers here that is hiding behind loan, after they get a loan, you will never hear anything from them again, you will end up with an account that will take you weeks to sell.

Well you are right it is not easy to build up a lending company in full of lending companies already. The competition is going to be tough for you if you are not good in marketing strategy.
But it depends on a person on how he is going to take the challenge.

Rather than building your lending company you should just invest in a well established company online or you could build a lending company in real life as it is more less risky compared to lending online.

I prefer build a real lending company in real life if you have enough capital for starting it out. So that you know the person you are going to lend your money and of course you are going to ask requirements that are really needed like papers.
So that the risk will be lessen.

[entrepmind23]

In this world full of scammers, loans are too risky if you don't have security to protect what you own. If you want to loan someone, just make sure that you have collateral in case the borrower will default so that you can still get back the amount he owed to you. Just make sure that you will have a background check to the borrower if he can really be trusted especially if the amount he would like to borrow is significant.

[OrangeSeller]

Well you must search wich company or service you will trust your bitcoins, currently im trying to lend here to see how ti will work out, something i know is there are several people dumping accounts at lending service. Dont trust services that allow anyone to cashout the money out from the platafform.

For me you can start out your own lending company here and you can build trust here in forum. But of course you must use escrow first before going to get some trust out of the people.
And you must have big amount of capital in able to start out lending company.

giving loans is indeed very risky. but I see in the forum reputed and big lenders giving loan with 125% worth of collateral. I think when people put a 120% or higher worth of collateral then they can't default loan easily. or if by chance the default the loan then the lender easily can sell the collateral and fill up his loan.
so with this method you can decrease the risk.

[uname]

It's not so risky if you are giving your money to trusted people without huge money problems, but i don't like to loan money to other people cause i'm scared about scams.

I think there is no reliable on the internet even though they have greentrust but they are still at risk. who knew he was a smart villain? because you do not have his id card

[goinmerry]

In this world full of scammers, loans are too risky if you don't have security to protect what you own. If you want to loan someone, just make sure that you have collateral in case the borrower will default so that you can still get back the amount he owed to you. Just make sure that you will have a background check to the borrower if he can really be trusted especially if the amount he would like to borrow is significant.

Collateral are not good also. Why? Example is here, if the collateral is an account then the problem is how to get back the money. You need time again to sell it and I dont want that. I want my money back as soon as possible with my profit from it.

[Maslate]

In this world full of scammers, loans are too risky if you don't have security to protect what you own. If you want to loan someone, just make sure that you have collateral in case the borrower will default so that you can still get back the amount he owed to you. Just make sure that you will have a background check to the borrower if he can really be trusted especially if the amount he would like to borrow is significant.

Collateral are not good also. Why? Example is here, if the collateral is an account then the problem is how to get back the money. You need time again to sell it and I dont want that. I want my money back as soon as possible with my profit from it.

Even in real lending hard collateral is hard to dispose to convert it into money to offset to the balance of the borrower, how much more if the collateral is only a bitcointalk account. I think that is not worth of the loan as you cannot use that account either when you are more focus on your lending business.