Bitcoin Forum
May 21, 2018, 01:29:21 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 »
  Print  
Author Topic: Loans too risky?  (Read 66492 times)
betohell
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
October 02, 2016, 12:45:13 PM
 #661

of course the loan will be at risk because not everyone has the honesty and you will not know their purpose? so keep careful when you want to lend money to someone

"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1526909361
Hero Member
*
Offline Offline

Posts: 1526909361

View Profile Personal Message (Offline)

Ignore
1526909361
Reply with quote  #2

1526909361
Report to moderator
1526909361
Hero Member
*
Offline Offline

Posts: 1526909361

View Profile Personal Message (Offline)

Ignore
1526909361
Reply with quote  #2

1526909361
Report to moderator
1526909361
Hero Member
*
Offline Offline

Posts: 1526909361

View Profile Personal Message (Offline)

Ignore
1526909361
Reply with quote  #2

1526909361
Report to moderator
severaldetails
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
October 02, 2016, 02:16:46 PM
 #662

Loaning is a risky thing. Especially with bitcoin and the anonymity of the wallet owner.
The chances of being scamed are here higher than anywhere else.
So either you know the guy you are giving the coins in person (and trust him), or you get some kind of collateral that is worth more than the amount you give away.
In every other scenario I would be too afraid not to see my coins again.

boyptc
Hero Member
*****
Online Online

Activity: 812
Merit: 505


★777Coin.com★ Fun BTC Casino!


View Profile
October 03, 2016, 01:48:50 AM
 #663

of course the loan will be at risk because not everyone has the honesty and you will not know their purpose? so keep careful when you want to lend money to someone

For me if you really don't need to loan because your reason is just for your entertainment or anything that is not a valid reason for it. Then it is better if you are just going to keep quiet and you are not going to borrow anymore because that is just going to put you in debt after you enjoyed the money you borrowed when paying time is come.

clickerz
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500



View Profile WWW
October 03, 2016, 02:33:41 AM
 #664

For me if you really don't need to loan because your reason is just for your entertainment or anything that is not a valid reason for it. Then it is better if you are just going to keep quiet and you are not going to borrow anymore because that is just going to put you in debt after you enjoyed the money you borrowed when paying time is come.

Thats a good advice. As possible, lending is not a good idea unless it is very necessary to your needs. Its too risky to loans someone, whom yo know only i forum I mean no physical contact or meet each other.

I wonder why btcjam is in lending business and it seems they are ok, how much the payment rate?

  
              ▄▄▄▄▄▄▄▄
          ▄▄████████████▄▄
       ▄████▀▀        ▀▀████▄
     ▄███▀      ▄████▄   ▄████▄
   ▄███▀        ██   ██ ██▀ ▀███▄
  ▐██▌          ▀▀█  ████▀    ▐██▌
 ▐██▌     ▄▄██████▄▄████████▄  ▐██▌
 ███   ▄████▀▀▀▀▀▀██████▀  ▀██  ███
▐██▌  ███▀         ▀███▄ ▄  ▄█  ▐██▌
███  ███▀            ▀██ ▀███▀   ███
███ ███               ▀██        ███
███▐██▌      ▄▄▄       ██▌       ███
▐██▐██      ▐███▌      ▐█▌      ▐██▌
 ████▌       ▀▀▀       ██▌      ███
 ▐████                ▐██      ▐██▌
  ▐████              ▄██▌     ▐██▌
   ▀████▄         ▄▄███▀    ▄███▀
     ▀█████▄▄▄▄██████▀    ▄███▀
       ▀█████████▀▀   ▄▄████▀
          ▀▀████████████▀▀
              ▀▀▀▀▀▀▀▀


  ▄▄████████████▀        ▄█████████▄        █▄                       ▄█▄             ████████████▄▄       █▄      ▄▄████████████▀
 ▄████████████▀       ▄███████████████▄     ███                     ▄███▄            ██████████████▄      ███    ▄████████████▀
▐███                 ▄███▀▀       ▀▀███▄    ███                    ▄█████▄           ███         ███▌     ███   ▐███
▐██▌                ▐███▀           ▀███▌   ███                   ▄███▀███▄          ███         ▐██▌     ███   ▐██▌
▐███                ███▌             ▐███   ███                  ▄███▀ ▀███▄         ███         ███▌     ███   ▐███
 ▀███████████▄▄     ███               ███   ███                 ▄███▀   ▀███▄        ███ ██████████▀      ███    ▀███████████▄▄
  ▀▀███████████▄    ███               ███   ███                ▄███▀     ▀███▄       ███ ████████▀▀       ███     ▀▀███████████▄
             ███▌   ███▌             ▐███   ███               ▄███▀  ▄▄▄  ▀███▄      ███ ▀████▄           ███                ███▌
             ▐██▌   ▐███▄           ▄███▌   ███              ▄███▀   ███   ▀███▄     ███   ▀████▄         ███                ▐██▌
             ███▌    ▀███▄▄       ▄▄███▀    ███             ▄███▀    ▀▀▀    ▀███▄    ███     ▀████▄       ███                ███▌
  ▄████████████▀      ▀███████████████▀     █████████▄     ▄███▀             ▀███▄   ███       ▀████▄     ███     ▄████████████▀
▄████████████▀▀          ▀█████████▀        ▀██████████▄   ██▀                 ▀██    ▀█         ▀████▄    ▀█   ▄████████████▀▀

zXLR | XLR | SINCE MARCH 2017
 

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀
 

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
goldcoinminer
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500



View Profile
October 03, 2016, 05:25:14 AM
 #665

For me if you really don't need to loan because your reason is just for your entertainment or anything that is not a valid reason for it. Then it is better if you are just going to keep quiet and you are not going to borrow anymore because that is just going to put you in debt after you enjoyed the money you borrowed when paying time is come.

Thats a good advice. As possible, lending is not a good idea unless it is very necessary to your needs. Its too risky to loans someone, whom yo know only i forum I mean no physical contact or meet each other.

I wonder why btcjam is in lending business and it seems they are ok, how much the payment rate?
Having a good capital, you can start a real lending business in your place but never do it online, when you do that in your place it is less risky as you can do things that would ensure that you borrower will be able to repay the loan, you can require your applicants to comply with the requirement prior releasing a loan that you cannot do it online.

██████████████████            ██████████
████████████████              ██████████
██████████████          ▄█   ███████████
████████████         ▄████   ███████████
██████████        ▄███████  ████████████
████████        ▄█████████  ████████████
██████        ▄███████████  ████████████
████       ▄██████████████ █████████████
██      ▄███████████████████████████████
▀        ███████████████████████████████
▄          █████████████████████████████
██▄         ▀███████████████████████████
████▄        ▀██████████████████████████
██████▄        ▀████████████████████████
████████▄        ████████████████▀ █████
██████████▄       ▀█████████████  ██████
████████████▄       ██████████   ███████
██████████████▄      ▀██████    ████████
████████████████▄▄     ███     █████████
███████████████████▄    ▀     ██████████
█████████████████████▄       ███████████
███████████████████████▄   ▄████████████





▄█████████████████   ███             ███   ███   ███▄                ▄███            █████            ████████████████   ████████████████▄             █████
███▀                 ███             ███   ███   ████▄              ▄████           ███████           ███                ███           ▀███           ███████
███                  ███             ███   ███   █████▄            ▄█████          ███▀ ▀███          ███                ███            ███          ███▀ ▀███
███                  ███             ███   ███   ███ ███▄        ▄███ ███        ▄███▀   ▀███▄        ███                ███           ▄███        ▄███▀   ▀███▄
███                  ███████████████████   ███   ███  ▀██▄      ▄██▀  ███       ▄███▀     ▀███▄       ████████████████   ████████████████▀        ▄███▀     ▀███▄
███                  ███             ███   ███   ███   ▀███    ███▀   ███      ▄███▀       ▀███▄      ███                ███        ███          ▄███▀       ▀███▄
███                  ███             ███   ███   ███    ▀███  ███▀    ███     ▄███▀         ▀███▄     ███                ███         ███        ▄███▀         ▀███▄
███▄                 ███             ███   ███   ███      ██████      ███    ▄███             ███▄    ███                ███          ███      ▄███             ███▄
▀█████████████████   ███             ███   ███   ███       ████       ███   ▄███               ███▄   ████████████████   ███           ███    ▄███               ███▄

|
  TRUE BLOCKCHAIN GAMING PLATFORM 
DECENTRALISED AUTONOMOUS UNIVERSES

  HOME PAGE                                                                  WHITE PAPER 
|
Bitcoinbro
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
October 03, 2016, 07:40:32 AM
 #666

I also think that loans can be pretty risky sometimes but it depends most of the time on the situation that you are in. If you take a loan but you know that you can pay it back then no problem.
What I do not understand is when people take a loan to go out and gamble.
BlockEye
Hero Member
*****
Offline Offline

Activity: 952
Merit: 1096


Bounty Mngr & Article Writer https://goo.gl/p4Agsh


View Profile WWW
October 03, 2016, 11:07:18 AM
 #667

I also think that loans can be pretty risky sometimes but it depends most of the time on the situation that you are in. If you take a loan but you know that you can pay it back then no problem.
What I do not understand is when people take a loan to go out and gamble.
There are no problem if you can pay it but what if not like you said that some people just making loan to gamble .Maybe that was their last chance to get some money to have and to gamble. That kind of people will dont have the right to make a loan in any especially if he doesn't have a job or a business to pay for his loan.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
Snorek
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000



View Profile
October 03, 2016, 11:22:23 AM
 #668

I wonder why btcjam is in lending business and it seems they are ok, how much the payment rate?

It depends on the following factors:

1. The purpose for your funds - what do you want to do with the money - debt consolidation, big purchase, business loan, medical expenses, credit card refinancing etc.
2. Amount of BTC you want to borrow.
3. The term for your loan.

Based on this conditions interest rate is calculated and may vary.
boyptc
Hero Member
*****
Online Online

Activity: 812
Merit: 505


★777Coin.com★ Fun BTC Casino!


View Profile
October 03, 2016, 11:55:37 AM
 #669

For me if you really don't need to loan because your reason is just for your entertainment or anything that is not a valid reason for it. Then it is better if you are just going to keep quiet and you are not going to borrow anymore because that is just going to put you in debt after you enjoyed the money you borrowed when paying time is come.

Thats a good advice. As possible, lending is not a good idea unless it is very necessary to your needs. Its too risky to loans someone, whom yo know only i forum I mean no physical contact or meet each other.

I wonder why btcjam is in lending business and it seems they are ok, how much the payment rate?
Having a good capital, you can start a real lending business in your place but never do it online, when you do that in your place it is less risky as you can do things that would ensure that you borrower will be able to repay the loan, you can require your applicants to comply with the requirement prior releasing a loan that you cannot do it online.

Well starting a lending business is really hard enough because there are a lot of people that is going to make application just for you to lend them and if they are not going to pass your requirements or qualification you are going to reject them. And there are borrowers when they are rejected they are going to hate the lenders.

Noctis Connor
Hero Member
*****
Offline Offline

Activity: 602
Merit: 531



View Profile
October 03, 2016, 12:47:04 PM
 #670

This things is really risky if you are going to invest or trade the whole 800 bitcoin ? in just two days hahaha possible that you are going to scam by some investment website because if you do invest half of your bitcoin well thats not a good idea try to gambling if you want too.
I can make 10% profit in two days, but not from whole 800 BTC, it is too much. So you have excellent opportunity to make good and fast profit from your Bitcoins.  Wink

dunfida
Legendary
*
Offline Offline

Activity: 924
Merit: 1000



View Profile
October 03, 2016, 03:09:19 PM
 #671

For me if you really don't need to loan because your reason is just for your entertainment or anything that is not a valid reason for it. Then it is better if you are just going to keep quiet and you are not going to borrow anymore because that is just going to put you in debt after you enjoyed the money you borrowed when paying time is come.

Thats a good advice. As possible, lending is not a good idea unless it is very necessary to your needs. Its too risky to loans someone, whom yo know only i forum I mean no physical contact or meet each other.

I wonder why btcjam is in lending business and it seems they are ok, how much the payment rate?
Having a good capital, you can start a real lending business in your place but never do it online, when you do that in your place it is less risky as you can do things that would ensure that you borrower will be able to repay the loan, you can require your applicants to comply with the requirement prior releasing a loan that you cannot do it online.

Well starting a lending business is really hard enough because there are a lot of people that is going to make application just for you to lend them and if they are not going to pass your requirements or qualification you are going to reject them. And there are borrowers when they are rejected they are going to hate the lenders.
Well hating  lenders would be a normal thing especially when you are  a borrower and  the lendor  doesnt  grant your request  for  sure you would be mad  and even  curse  him  but   we cant blame him  because  there are  requirements and   qualification that you should able you to pass  for you  to be selected or granted  to a loan.

                         ████
                        ████
                 ██    ████
███████         ███   ████     ███████████▄       █████▌     ▐████████████████
 ███████       ████  ████     ██████████████     ▐█████      ████████████████▌
  ███████     ██████████     ███▀▀  ▀▀██████▌    ██████           ██████
   ███████   ██████████     ██▀        ██████    █████▌          ▐██████    ▄▄██████▄▄
    █████   ██████████     ██          ▐█████   ▐█████           ██████▌   ██▀▀    ▀▀██
     ██   ███████████     ██▌           █████   ██████           ██████   ██   █▀▀▄   ██
         ████████ ██     ███▌          ▐█████   █████▌          ▐██████   ██   █▄▄▀   ██
        ████████        █████         ▄█████▌  ▐█████           ██████▌   ██   █ ▀▄   ██
        ███████         ██████▄    ▄▄███████   ██████           ██████     ██▄      ▄██
         █████           █████████████████▀    █████▌          ▐██████      ▀▀██████▀▀
          ███             ▀█████████████▀     ▐█████████████   ██████▌
           █                ▀▀██████▀▀        █████████████▌   ██████
...P2P Delivery Platform based on Blockchain...
▬▬▬▬▬▬▬▬  |  ANN  |  Whitepaper  |  Executive Summary  |  ICO Plan  |  ▬▬▬▬▬▬▬▬

 
                                         ███
                                        ███
                       █████       █▌  ███
                        █████     ██▌ ███
                         █████   ███████
                          ████  ███████
                           █▀  ███████
████████████████████          █████ █          ███████████████████
                             █████
                              ███
                               █
Medium
Facebook
Instagram
Linkedin
Twitter
Telegram

 
                                         ███
                                        ███
                       █████       █▌  ███
                        █████     ██▌ ███
                         █████   ███████
                          ████  ███████
                           █▀  ███████
████████████████████          █████ █          ███████████████████
                             █████
                              ███
                               █
spofas
Sr. Member
****
Offline Offline

Activity: 263
Merit: 255



View Profile WWW
October 03, 2016, 03:52:28 PM
 #672

Only place where I'd feel confortable lending BTC is on Poloniex to be honest.

Mastsetad
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250

Vivlid.io


View Profile
October 03, 2016, 04:01:12 PM
 #673

I also think that loans can be pretty risky sometimes but it depends most of the time on the situation that you are in. If you take a loan but you know that you can pay it back then no problem.
What I do not understand is when people take a loan to go out and gamble.

I have also seen that a lot when people take loan giving something as collateral and go for gambling without thinking that they might lose the amount in gambling without making any profits and then they wont be able to repay the loan and will lose their thing kept as a collateral.


      ██       ▄▄▄       ██
     ████    ▄█████▄    ████
      ████   ███████   ████
       ████  ▀█████▀  ████
 ██     ████   ▀▀▀   ████     ██
████     ████       ████     ████
 ████     ████     ████     ████
  ████     ████   ████     ████
   ████     ████ ████     ████
    ████     ███████     ████
     ████     █████     ████
      ████     ███     ████
       ████           ████
        ████         ████
         ████       ████
          ████     ████
           ████▄ ▄████



..........███           ███  ███  ███           ███                 ███   ███               ███
...........███         ███   ▀▀▀   ███         ███   ▄██████████▄   ███   ▀▀▀    ▄▄▄▄▄▄▄▄▄▄▄███
............███       ███    ███    ███       ███    ▀▀▀▀▀▀▀▀▀▀██   ███   ███   ███████████████
.............███     ███     ███     ███     ███               ██   ███   ███   ███▀        ███
..............███   ███      ███      ███   ███      ████████████   ███   ███   ███         ███
...............███ ███       ███       ███ ███      ██         ██   ███   ███   ███         ███
................█████        ███        █████       ██▄       ▄██   ███   ███   ████▄▄▄▄▄▄▄████
.................███         ███         ███        ▀███████████▀   ███   ███   ▀████████████▀
every item has a story
   █
  ███
   ███
    ███
 █   ███
███   ███
 ███   ██
  ███
   ███
    ███
     ███
      ███
.
.ITEMS' VALUE AND OWNERSHIP IN THE BLOCKCHAIN.










.
.PRE SALE▬...
14th May 2018
     █
    ███
   ███
  ███
 ███   █
███   ███
██   ███
    ███
   ███
  ███
 ███
███


██████████████▄
██         █████▄
██ ██   ██ ███████▄
██  ██ ██  █████████
██   ███   █████████
██                ██
██  ▄▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄        ██
██            ██  ██
██                ██
████████████████████
rockstar338
Jr. Member
*
Offline Offline

Activity: 42
Merit: 0


View Profile
October 03, 2016, 04:42:29 PM
 #674

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.
cleverlittleme
Jr. Member
*
Offline Offline

Activity: 35
Merit: 0


View Profile
October 03, 2016, 05:40:09 PM
 #675

Loaning means trust.
I don't have that in online businesses.
Giving money to people you do not know you will sooner or hit find a foul apple.
My guess is it will happen rather sooner than later.
bitcoinisbest
Hero Member
*****
Offline Offline

Activity: 644
Merit: 522



View Profile
October 03, 2016, 06:13:57 PM
 #676

Loan if given to known person would be less risky as compare to given to unknown. Also if you use the escrow service or the middle man who know both the parties than it should be less risk and could be easily given.

Hellacopter
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
October 03, 2016, 06:29:47 PM
 #677

Loans still risky method for both partners , because if you get the loan you have to make sure to pay it back with the interest in the exact date, and that's not available always for everyone. If you give the loan there is a risk you dont get your money back, even if you used escrow and get a collateral.
nejibens
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
October 03, 2016, 10:06:59 PM
 #678

Loans are risky especially when you give them without using escrow nor valid collateral, or when you give a loan of a big amount.
diodio5
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500



View Profile
October 03, 2016, 11:24:39 PM
 #679

Loans still risky method for both partners , because if you get the loan you have to make sure to pay it back with the interest in the exact date, and that's not available always for everyone. If you give the loan there is a risk you dont get your money back, even if you used escrow and get a collateral.
yeah there are risks on both sides, but I think there is a greater risk to the lender. because the borrower will only earn interest while the lender may lose money when borrowers vague and did not pay their debts, so better use of high assurance


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,         
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖       
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌     
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,   
   ▐███ ▐███ .███           ███  ███▌ ███▌   
   ▐███ ▐███ '███           ███  ███▌ ███▌   
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`   
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████     
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜       
         ╙█████▄▄╓,       ,╓▄▄█████▀         
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin | Private, Secure & Untraceable Cryptocurrency |  Enigma
Forum | Bitcointalk | Twitter | Slack |  Facebook |  VK |  Reddit |  CloakTV |  Instagram |  IRC-Chat |  Faucet
Positid
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250

I will join....


View Profile
October 04, 2016, 04:04:56 AM
 #680

Loans still risky method for both partners , because if you get the loan you have to make sure to pay it back with the interest in the exact date, and that's not available always for everyone. If you give the loan there is a risk you dont get your money back, even if you used escrow and get a collateral.
yeah there are risks on both sides, but I think there is a greater risk to the lender. because the borrower will only earn interest while the lender may lose money when borrowers vague and did not pay their debts, so better use of high assurance
In online loaning system I do not see any risk on the part of the borrower, the lender will bear the risk alone as when the lender release the amount of loan to the borrower, the borrower has the choice not to pay of not because there are no legal responsibility if he fails to pay his loan.

ProProfi.com
The first home improvement service cryptocurrency project
ICO | Discuss on Forum
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!