Loans too risky?

[goldcoinminer]

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.

Borrowers would choose not to pay you because collateral are not important to them, they borrow money and they can good anytime they want and the lenders will be left wondering what should he do to collect money. Maybe before it is profitable but now that is my opinion.

[BitcoinTeacher]

If you want fast money just pm me I am not newbie so please dont think that i want just to send him to one site just for referral comission.I do it to help him but also for referral comission.I know one site where you can buy shares for cheap and sell for 20x more in couple of weeks or about 1 year sell for 200x bigger price.How I know that price will go up?Because that site was almost bankrupt and they created big debt.They roi was extremly decreased because they  have too big roi.After that site was buyed and now it have new admin.That admin saved that site from too big debt and now are earnings increased and site os better and better because debt is smalller and smaller so he can give more money for users from that site.So I know that price will go up 200x because before debt was that price but now site is more better than before debt.If somebody is interested in that site just pm me.I am in that site for 2 years and it is still paying.If you dont beleive me if somebody pm me for site i will teach you how to open forum because it is different than in other sites.

[Cereberus]

Loan is risky if you believe the borrower and you don't accept any collateral from him. The golden rule for lending at least in this forum is No Collateral No Loan. Loans are not risky but risky is the behavior of the lender. If I were out to give loans I would make sure to get proper collateral first to be hold by me or a trusted escrow and only then I would lend the money to the borrower. This way even if the borrower doesn't pay back the loan and default it I can sell the collateral and will not lose anything. Collateral as per rule of this forum should be 120% of the amount given as loan.

[TGD]

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

I have a great I dea for just amount I will change the half to Fiat and open my own business, and the other half  will try invest online invest,gambling,trading,lending etc. I know there's some risky but need to grab it if you want to earn more.

[CoinFoxs]

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.

Yeah it depends if you know that you can make profit from  that loan  and you will easily give this loan back so loan is good but loan is risky you can pay collateral with loan and if you wouldn't give back that loan then the person who give you loan will not give you the thing that you give him in return of loan.

[goldcoinminer]

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.

Yeah it depends if you know that you can make profit from  that loan  and you will easily give this loan back so loan is good but loan is risky you can pay collateral with loan and if you wouldn't give back that loan then the person who give you loan will not give you the thing that you give him in return of loan.

If your collateral matters to you a lot then you will find ways to regain your collateral but the bad side is for the lenders as in most cases the borrowers collateral is not that important to them so they would not prefer to pay the loan and will let the collateral be taken by the lender, in the end the lender is at lose.

[Maesters1-]

yes there is no doubt about this, loan for buying bitcoin is too risky. some time the price of bitcoin dropped and if you have bought the bitcoin in high price then certainly will wait for the price increase. and some you will have to book the lost if the price decrease further more.

[Yakamoto]

yes there is no doubt about this, loan for buying bitcoin is too risky. some time the price of bitcoin dropped and if you have bought the bitcoin in high price then certainly will wait for the price increase. and some you will have to book the lost if the price decrease further more.

Taking loans to invest in Bitcoin with isn't a terrible idea, but a lot of it comes down to timing and what kind of rates you get on the loan and how high the value of Bitcoin goes during your presumable swing that you try to make money off of.

As for my opinion, right now is a mediocre time to take a loan. There's potential in the market but it isn't showing itself yet. Probably a better idea to hold off for now.

[funbarrel]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

[praprata]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

This is why I don't use the load section. I don't give out loans, nor will I loan money here.
It don't fee right to do a transaction with someone you hardly now. No loans for mate.

[BitcoinPaw]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

[swogerino]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

[tabas]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

Well even there is collateral borrowers tend to think even they are not going to pay the loan they are already paid because they have collateral.
But if you are going it here in forum and you are just going to run from your debt for sure the lender is going to ask DT members to put you negative trust.

[Zooplus]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

Well even there is collateral borrowers tend to think even they are not going to pay the loan they are already paid because they have collateral.
But if you are going it here in forum and you are just going to run from your debt for sure the lender is going to ask DT members to put you negative trust.

That is at least in the mind of the borrower, but for the lender they are not actually after of the collateral. Collateral are just made to secure the loan but what is important is the borrower to pay in order to maintain the liquidity of operation of the lender.

[tabas]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

Well even there is collateral borrowers tend to think even they are not going to pay the loan they are already paid because they have collateral.
But if you are going it here in forum and you are just going to run from your debt for sure the lender is going to ask DT members to put you negative trust.

That is at least in the mind of the borrower, but for the lender they are not actually after of the collateral. Collateral are just made to secure the loan but what is important is the borrower to pay in order to maintain the liquidity of operation of the lender.

You are right it is just for securing purpose and for an alternative for payment. But we all know that collateral are not just easy to sell.
It takes time before you are going to get back your profit on it. And it is hard if your money is not going to move. So, it is better to secure both,
payment and collateral.

[Positid]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

Well even there is collateral borrowers tend to think even they are not going to pay the loan they are already paid because they have collateral.
But if you are going it here in forum and you are just going to run from your debt for sure the lender is going to ask DT members to put you negative trust.

That is at least in the mind of the borrower, but for the lender they are not actually after of the collateral. Collateral are just made to secure the loan but what is important is the borrower to pay in order to maintain the liquidity of operation of the lender.

You are right it is just for securing purpose and for an alternative for payment. But we all know that collateral are not just easy to sell.
It takes time before you are going to get back your profit on it. And it is hard if your money is not going to move. So, it is better to secure both,
payment and collateral.

Never mind lending in the bitcoin world because there is no guarantee that you will be profitable with your business operation. Most of the collateral offered are just a certain account which does not equate the value of loans.

Some might pay but others will not bother, so in overall it is not profitable.

[Nahl]

well of course it is too risky to loan out your  money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that

The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion.

How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites.

for do a loan collateral is very necessary and do not give loan without collateral because in money anything could be happened even your best friends could be scammed you and collateral will prevent it happening or at least it can save you money from scammers

[susila_bai]

Loans are too risky to give if you are not accepting collateral because you cannot tell which user will scam you , why even you cannot tell about your friends also, most of them not purposely scam but they are not able to achieve the goal for which they take loan. That is why giving loan for gambling is also risky as if they lose it then you also will be in loss, so it is much better to accept collateral against the loan.

[masakali]

What sort of collaterals can be used when it comes to BTC loans online?
I can see several users on BTCJAM complaining of being scammed/non-repayment etc.

[avw1982]

Loans are too risky to give if you are not accepting collateral because you cannot tell which user will scam you , why even you cannot tell about your friends also, most of them not purposely scam but they are not able to achieve the goal for which they take loan. That is why giving loan for gambling is also risky as if they lose it then you also will be in loss, so it is much better to accept collateral against the loan.

Online lending is very very risky for your security and real life identity because you we provide your all info and documents to get loan not knowing what is the collateral of your credits. If you cannot pay for that maybe the loaner will do something bad to your identity and he will get loan to another site credited to your name Will thats very bad.