Loans too risky?

[Positid]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

For me it is somehow it is a good amount of rate, and of course you don't have nothing to do but to lend your bitcoin and going to wait for the interest rate and return of your bitcoin. That's a fair enough rate to lend your bitcoin to HaoBTC.

you'll realize what's the meaning of "good amount of interest" when you just investing on HaoBTC and suddenly the price of bitcoin because so fluctuative and the value decreased,wasting time and wasting effort

I must say that loans can be risky. I suggest you only take a loan when you buying something that you really need. And if you are sure that you will be able to pay it back. If this is not the case do not take a loan because it will mess up your life.

Sometimes a person will only take a loan in desperate times but in most cases some takes a loan to buy their wants, for me that kind of actions is too risky because once you default your payment amortization you will have to pay the interest together with the penalty which will give another problem.

[fireball4]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

well it depends on how long you will have to give your money for, i think that the interest is more or less reasonable and that would be good profit

[wowanstrong]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

For me it is somehow it is a good amount of rate, and of course you don't have nothing to do but to lend your bitcoin and going to wait for the interest rate and return of your bitcoin. That's a fair enough rate to lend your bitcoin to HaoBTC.

you'll realize what's the meaning of "good amount of interest" when you just investing on HaoBTC and suddenly the price of bitcoin because so fluctuative and the value decreased,wasting time and wasting effort

I must say that loans can be risky. I suggest you only take a loan when you buying something that you really need. And if you are sure that you will be able to pay it back. If this is not the case do not take a loan because it will mess up your life.

Sometimes a person will only take a loan in desperate times but in most cases some takes a loan to buy their wants, for me that kind of actions is too risky because once you default your payment amortization you will have to pay the interest together with the penalty which will give another problem.

That is really going to be risky if you are going to do that way, that you are just going to take loans for buying your wants not your needs.
Because for me, loans are just used for emergency uses and for investing uses. But with that kind of use it is really going to be risky.
No assurance of return.

Credit should not be taken in principle. And it's very risky anyway. And in order to buy new things, or start your own business. If you can not buy something for their money, how are you going to give credit? The credit for starting a business, in some cases, can afford. But only if you already have most of the money, and you do not have savsem not a lot of money.

[Maesters1-]

I never loan money, and I never will. For anything!

Even when I`m forced to loan, I go to very close people and I arrange right away how will I return it, which day, or month..Everything to be precise!

This is like saying, "I don't ask for loans and never will, but then again I get loans from my friends every now and then." The first one was you're saying that you don't get loans and then the latter says that you just arrange to your friends how will you return the money when you're getting a loan from them. Seriously, what do you even mean?

Everything is very simple. Most likely, the person takes a loan from her good friends. Neither any contract, or who does not sign. All rely on each other's words. Such loans usually do not have the interest rates and based on complete trust between people.

It is very important if you are going to borrow money from someone to sign for a contract. That is the risk of borrowing or lending money to someone you are trusting, because even if you are trusting them they can still do something that is not written on your contract. So, it is very risky for borrowing or lending loan.

i think it is also risky if you are taking money from some one as loan, because you have to give it back to him. therefore i will suggest you to take loan when you really need it and when you have no any other option, and if you are confidence that you can do arrangement to back his money on the said date, otherwise loan is too risky.

[0day]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

For me it is somehow it is a good amount of rate, and of course you don't have nothing to do but to lend your bitcoin and going to wait for the interest rate and return of your bitcoin. That's a fair enough rate to lend your bitcoin to HaoBTC.

That is nice rate but for me it is not enough, I do not lend money for interest, as I do not want to get lesser amount, yes that rate is lesser for me, I will start a business with my money and there I will earn much better then I will not need any 8% but I will earn more than 100%, I am working for that and sooner I will have my own business.

[lister storm]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

[ontrackk]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

[Bit1334271]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

If you are giving loan after all inquiry then its not easy to lost money because already many members doing this and have very good profit just case is done with care and proper work

[Zooplus]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

If you are giving loan after all inquiry then its not easy to lost money because already many members doing this and have very good profit just case is done with care and proper work

Actually the rates are so profitable the only risk is that if the borrower cannot pay their loans you will be automatically at loss, if lending your money you should also diversify it with number of clients, your concern should be the volume not the amount.

[klf]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

For me it is somehow it is a good amount of rate, and of course you don't have nothing to do but to lend your bitcoin and going to wait for the interest rate and return of your bitcoin. That's a fair enough rate to lend your bitcoin to HaoBTC.

you'll realize what's the meaning of "good amount of interest" when you just investing on HaoBTC and suddenly the price of bitcoin because so fluctuative and the value decreased,wasting time and wasting effort

Those are the risks one should take if they want to grow bitcoins over the time. All investments will come with certain risks so we need to chose what we want it. If you worried about price fluctuations, then you can start a lending partial quantity of your bitcoins and rest can keep for selling whenever you want. But remember not to lend anyone without a proper collateral.

[bamboylee]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

He will not lose it if he have a good collateral for the loan. Even if the person run away with the bitcoin, the collateral will cover for the loss. But I think, 8% interest is still low. Maybe 10 to 15 percent is a good interest.

[Carmen_Sandiego]

If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.

[babyjesusftw1]

I think the most important thing is making sure you are compensated somehow via collateral. If they can give you something in return thats more valuable than the amount of money they borrowed, then loans are likely to be repaid. Giving out loans without collateral in return or without creating a lot of rules behind who can obtain loans will mean that you'll definitely get scammed eventually

[Dudeperfect]

Yes loans are risky but you can end up with good returns if you go with good plan (something which is called calculated risk). Don’t expect each and every bitcoin you lend will be repaid to you, but if you can manage to have balanced position then you can cover losses of high risk investments from the returns of mid or low risk investments returns. As rule of thumb says ‘low risk, low returns & high risk, high returns’ you should enter in both with a concrete plan and detailed research. Albert Einstein once said, compound interest is man’s greatest discovery.

[goldcoinminer]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

He will not lose it if he have a good collateral for the loan. Even if the person run away with the bitcoin, the collateral will cover for the loss. But I think, 8% interest is still low. Maybe 10 to 15 percent is a good interest.

That would depend on your collateral, if the collateral is not that good then you go for the higher interest, higher than 8% for sure. I believe that collateral mostly are just bitcoin accounts so you cannot increase your market as otherwise if the your client will not pay you will just accumulate the accounts that was collateralize and you cannot sell that easily.

[bitgolden]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

Why such a negative attitude towards borrowers ? I think if you yourself are very sure that the borrower will not pay then please don't expect the borrower to actually pay you. Be a little positive and sometime waiting and letting borrower ore time helps save a default.

[mrhelpful]

The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.

But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.

[valta4065]

The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.

But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.

Well most of the opportunities of lending are without collaterals sadly ^^'

[coinplus]

I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.

thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money

yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for

If you are giving loan after all inquiry then its not easy to lost money because already many members doing this and have very good profit just case is done with care and proper work

Best is to take collateral, some fools are there like many proofs who actually lend or I don't know if they pretend to lend but make fun of lending in short. You have to consider loans as a investment and for investment you look for security, right ? then look for collateral in loans.

[Positid]

The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.

But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.

Well most of the opportunities of lending are without collaterals sadly ^^'

It is really going to be hard if you are going to lend someone without any collateral at all because how you are going to be assure that your borrower is going to pay you instantly without any collateral unless you are going to have some paper requirements that are going to give your information to the lender, well it is really risky at all.

Lending someone without a collateral is a stupid of a any person who are in the business, in that sense you are not doing a lending business, rather you are like operating a charity institution, people is having a hard time to pay even with collateral and how much more for loans without any.