Loans too risky?

[Mumbeeptind1963]

Loan is not only risky its very risky because loan getting into hard situation for your family. Loan has big interest that makes broblem to the loaner if you not pay the capital the interest will go higher,so your loan now will now getting bigger.As long as you dont need money dont get loan,because many people are getting poor in loaning.

[1714798211]

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[1714798211]

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[1714798211]

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[Jmild1]

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.

Even though you'll get to be a pioneer lender on this forum, the profit you will make is not as big as trading because there isn't always a person that want to take a loan unlike in trading that you can trade everyday and get a profit daily.

[Sarthak]

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

Holding bitcoins will be the best investment I can think of right now. With the halving we had recently, it'll take a few more months to see the considerable increase in price. Bitcoin investments and crytpocurrency trading are way too risky and Loaning out carries the most risk. With scammers roaming around the forum and BTCJam every time, holding for a few more months might be the safest bet

[Jimbola3]

Loan is not only risky its very risky because loan getting into hard situation for your family. Loan has big interest that makes broblem to the loaner if you not pay the capital the interest will go higher,so your loan now will now getting bigger.As long as you dont need money dont get loan,because many people are getting poor in loaning.

yeah I agree with you but the world is running in all loans as big industries and different companies of today run in loans, they get loan from banks and make their company even bigger and pay their debt and so on and on.. by seeing this the loans are good and bad at the same time as you stated so its all depend on people !

[Doamader]

The thing is are you able to pay a loan and in how many months you think you will be able to repay, loans are risky if you request an ammount and the payment to repay it bigger then your salary. I am trying lending service here and till the moment i cant complaint, as the result is good, but its my first experience around lending.

[boyptc]

The thing is are you able to pay a loan and in how many months you think you will be able to repay, loans are risky if you request an ammount and the payment to repay it bigger then your salary. I am trying lending service here and till the moment i cant complaint, as the result is good, but its my first experience around lending.

It is always been risky for someone to lend money or to borrow money. Because in lender the risk is that the borrower can just run.
If not there's a collateral but it is not easy to sell a collateral after all.
And for the borrowers the risk is that the interest that the lender is going to put to the loaned amount.

[Pattart]

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.

yeah sure to avoid a scam you should require borrowers to provide collateral more expensive than the money they borrow.
so when they cannot pay. you can sell theirguarantee and make a profit . That's the key to success in this lending business dude

[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.

yeah sure to avoid a scam you should require borrowers to provide collateral more expensive than the money they borrow.
so when they cannot pay. you can sell theirguarantee and make a profit . That's the key to success in this lending business dude

Of course it is need to require requirements for borrowers in able for you to avoid scams from the lenders or vice versa.
And it is better if you are going to get some trusted borrowers so that you can easily collect their payment without any hassle.
And also look for trusted lenders.

[Mauser]

Loans can't shouldn't be too risky. There is always risk involved with loans but therefore you have the interest rate and collateral.

The higher the risk of default the higher the interest on the loan or more collateral is needed.

I believe for every type of loan you will find an investor. Especially in times like these where you don't get any interest from your banks, high yielding loans are a good alternative.

[Mirardowyn]

I know that loan can be pretty risky and that is why I do not like loaning money because you will have to pay it back.
I do not like living that way, I would rather save my own money for then take a loan.

[Mastercon]

I know that loan can be pretty risky and that is why I do not like loaning money because you will have to pay it back.
I do not like living that way, I would rather save my own money for then take a loan.

If depends on the fact that if you can earn more with the loan after deducting the interest cost. If not, no loan.

[Maslate]

Loans can't shouldn't be too risky. There is always risk involved with loans but therefore you have the interest rate and collateral.

The higher the risk of default the higher the interest on the loan or more collateral is needed.

I believe for every type of loan you will find an investor. Especially in times like these where you don't get any interest from your banks, high yielding loans are a good alternative.

The collateral will not really suffice if the loan will default as the borrower can easily disappear without legal accountability to the lender, therefore I can say that we better try to invest in other business and not in loaning business in the crypto world. In addition, when you loan out and only the accounts are the collateral, how would you dispose that accounts to get back your losses?

[Fatanut]

Loans aren't too risky for people that are cautious. But for me, loans are risky enough that I wouldn't do it. People usually just run away after they got the loan that they wanted. Some even would offer a collateral but they never cared about that collateral since day one. Some people use getting a loan to get rid of something they want to sell. It's pretty obvious though when someone just want to run away with your money. There's some people in here who have made some profit out of lending even if they don't require collateral.

[Rastanan]

I will not borrow to invest. I will just use the existing resources to invest. If I lose, it is just losing the original amount.

[Mauser]

Loans can't shouldn't be too risky. There is always risk involved with loans but therefore you have the interest rate and collateral.

The higher the risk of default the higher the interest on the loan or more collateral is needed.

I believe for every type of loan you will find an investor. Especially in times like these where you don't get any interest from your banks, high yielding loans are a good alternative.

The collateral will not really suffice if the loan will default as the borrower can easily disappear without legal accountability to the lender, therefore I can say that we better try to invest in other business and not in loaning business in the crypto world. In addition, when you loan out and only the accounts are the collateral, how would you dispose that accounts to get back your losses?

I agree with you, quite a few people are trying to sell their bitcointalk account as collateral for a loan.

But if the user doesn't have a lot of +Trusts, then he should post additional collateral. I am just saying even poor People with bad credit history (e.g. negative Trust) should have the Chance for a loan.

[Yakamoto]

Loans can't shouldn't be too risky. There is always risk involved with loans but therefore you have the interest rate and collateral.

The higher the risk of default the higher the interest on the loan or more collateral is needed.

I believe for every type of loan you will find an investor. Especially in times like these where you don't get any interest from your banks, high yielding loans are a good alternative.

The collateral will not really suffice if the loan will default as the borrower can easily disappear without legal accountability to the lender, therefore I can say that we better try to invest in other business and not in loaning business in the crypto world. In addition, when you loan out and only the accounts are the collateral, how would you dispose that accounts to get back your losses?

I agree with you, quite a few people are trying to sell their bitcointalk account as collateral for a loan.

But if the user doesn't have a lot of +Trusts, then he should post additional collateral. I am just saying even poor People with bad credit history (e.g. negative Trust) should have the Chance for a loan.

A majority of the time people with -Trust but none of the negative related to loans or money handling should probably have a chance at a loan, albeit with more collateral like you said. I personally more than likely wouldn't give a loan in that situation unless I had 180% collateral, but I could potentially make exceptions.

[Shiroslullaby]

I would personally never loan anything to someone I didn't know in real life.
Unless someone is super established in the community and I had dealt with them before,
(forum moderators, people that run a pool and are constantly posting to the forum and actually have something to lose)
they might be trying to pull some exit scam.
People buy and sell forum accounts, so you don't even know if the person you are talking to is the person who created the account.

[bitcoinisfurture]

I dont think loans for bitcoin is actually too risky. reason is that you need to be sure for what purpose you require the loan. if you want to gamble o trade then its strick no-no. I y ou want to buy something urgently or want to help somebody then you could borrow and refer to the lending section where you can borrow the loan at best possible rates.

[wintermeasures]

Bro I suggest you to Don't give out loans because Giving loans to others is very Risky but I Suggest you that You can Sell or Trade your Bitcoins For cash...

[serjent05]

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

Giving Loan is really risky.  Riskier than gambling  At least in gambling if you win you'll know you'll get your money but in giving loans, there is no assurance that they will pay the BTC back to you.  Even if collaterals are there.  There is still no assurance that they will pay their loan to you.  If your motive is to help Donate in charity.  That way you help other people to not commit sin.