Loans too risky?

[arseaboy]

I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.

It's pretty obious that loans are too risky and it's always depends on the companies you are going to give some loans but if you are going to give a loan to person you know personally then it is a good thing but sometimes that person always took year's before he will pay you.

Sometimes the person that you know personally is having some instant amnesia and totally forgets the money he loaned from you.

So don't easily trust people when it comes to money, because money can just easily change the attitude of a person.

Trust me, because it already did to me, with my friends.

Thats  not   an  instant  amnesia  but  its actually  an  intentional  to  forget  the  due date   of the said  loan  and maybe the lendor  could possibly forgot it too so that they would not  pay  anymore and thats the  reality. Even  your   closest friends  would  definitely do this  to you  how  much  more  onto  other people.

Yeah I had the same experience lending money with my friends and even family most of them forgot the money that they'd borrowed.. some keeps promises and even gave a due date but still didn't pay. Lesson learned you can lend money to them but not too much amount. 

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[EdenHazard]

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

ofcourse , to take loan is a Risky work .
well here i saw some thread where two people gives and take loan successfully but when i saw the posts of the two user then i saw a similarities that the type pf posting language was same ( so same person making fool to everyone )
well if you take loan then return it into given time of deal .
do everything with honestly , no problem will genrate here .

giving out loan as a way to grow your bitcoin actually not a bad idea at all.

as long as you monitoring and selective in giving out the loan to trusted and well known people only or maybe a person that have enough cllateral to cover the loan in case they are defaulted , risky always there so you don't have to discuss it.

[mirakal]

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

ofcourse , to take loan is a Risky work .
well here i saw some thread where two people gives and take loan successfully but when i saw the posts of the two user then i saw a similarities that the type pf posting language was same ( so same person making fool to everyone )
well if you take loan then return it into given time of deal .
do everything with honestly , no problem will genrate here .

giving out loan as a way to grow your bitcoin actually not a bad idea at all.

as long as you monitoring and selective in giving out the loan to trusted and well known people only or maybe a person that have enough cllateral to cover the loan in case they are defaulted , risky always there so you don't have to discuss it.

it's easy to monitor the loans you give but you cannot ensure they will pay back. The risk is there as we cannot control their minds and if will just go away without paying their loan they can do that without any legal obligation.

That reality makes lending here is risky.

[Xenophoto]

I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.

It's pretty obious that loans are too risky and it's always depends on the companies you are going to give some loans but if you are going to give a loan to person you know personally then it is a good thing but sometimes that person always took year's before he will pay you.

And most of the time he ends up not paying you at all. This happens very often. People are so confident that it's okay for them to not pay their loans from you because you're a close friend or a relative. But it's actually not. This is a 100% loss of you. You can't even put somebody in jail for not paying a loan from you. That's why collateral should always be required even when it comes to your close friends. People promise this and that but ends up not paying you at all.

[Aamir1]

It's really worth it as it helps the community, gives you a small profit, and helps you gain a positive reputation in this forum. If you're worried about scammers on this forum, there is definitely some, but just never give loans without any form of collateral that you can possess if they default on the loan.

It helps some people in the community, yes. Those people that really need some money and know that they can repay, those are the only people that are truly being helped by loans. But the problem is, someone can easily pretend that he's in need of money when the truth is he's just selling his collateral by getting a loan from somebody. They don't even care if they get rid of it with a lower price.

Exactly, and because of such people it has become a risky way of earning a little extra bitcoins for everyone, because any kind of person with a collateral he may does not need anymore would come and apply for a loan, and as long as their collateral is valid you don't deny as you are in that business.

[seven2smoke]

Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.

[Zadicar]

Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.

Loaning business is  really a risky   investment and  scammers  are there  always even  on  offline  or  physical world. The  difficult thing  on  online world that  anybody could  use  anyones identity  just to  hide themselves  even  they present and  give you the documents that you need   you arent still assure that  it was a legit person.

[freedomgo]

Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.

Loaning business is  really a risky   investment and  scammers  are there  always even  on  offline  or  physical world. The  difficult thing  on  online world that  anybody could  use  anyones identity  just to  hide themselves  even  they present and  give you the documents that you need   you arent still assure that  it was a legit person.

That's right, you cannot just establish a lending business here without considering the risk. In my case, I would not have that kind of business online as I believe it is more profitable to have a lending business in the physical world. Take it from me who have experience working in a lending company.

[Positid]

Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.

[richardsNY]

Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer.

Giving out loans as in hoping to make some profits is just a dumb thing to do. It's not only time consuming, but the risk of having for example altcoins as collateral weighs too heavy. Yes, you can try to sell the collateral at the time the value is going down, but what if you sleep and the value tanked far below the 100% level? You can bet that the person who received the loan will most likely not pay back that loan.

There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.

Risks don't outweigh the potential benefits. In that matter it's better to stay away from giving out loans just because of your intention to make profit. If you want to help out the community by giving out loans to trusted people, then it's of course different. However, people being trusted doesn't mean anything as we have noticed in the last years.

[ChronoLite]

That's right, you cannot just establish a lending business here without considering the risk. In my case, I would not have that kind of business online as I believe it is more profitable to have a lending business in the physical world. Take it from me who have experience working in a lending company.

It's hard to make lending business in real life , unless you're ready to build it and put your efforts to them.
But , for online loans it's too risky because as pointed by others you can't track the borrower and seems the collateral going to sell after get loan (this is just an old scam strategy , and many members get trapped with those).

[marcuslong]

Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.

Yes it's really risky when you are not a borrower person if you really want to risk your information and your privacy then make sure that the lenderer is good so he can be talked that peace if i will going to choose between loans then i am going to bank it is more safer than people to people.

[Rostadom]

Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.

[Doamader]

Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.

In the past this forum were lending bitcoins almost without colateral, still have few people that does take this risk, but they are advised to dont do such, the problem is some people with the hack they made here are selling the accounts as they saw they could make a revenue from those, some people does have over 50 or 200 accounts, its insane ammount.

[The_Dark_Knight]

It is easy to apply online here in forum if you have a very good collateral and you had been trusted by some of the trusted people here. But many lenders are still depending on your source of income, so that they have assurance that whenever you are going to borrow. They have assurance that you are going to pay your debt.

I have tried applying for loan on the forum, despite the collateral I have, I was rejected and given a very bad review which made me stay very far away from those lenders, they can be very cruel at times. Just respect yourself and find hardwork to do so you can solve your problem instead of seeking for loan that you may never get.

Well, getting a loan is difficult after all you are asking someone else for money but at the end of the day it depends on the collateral you are offering since not all lenders will accept the very same collateral.

Currently its best giving loan without collateral is very risky every person want his money in safe hands and currently we have many scammers just because of this you must have collateral equal or above your request

I think no one is lending here without collateral, although most of the lenders here just get your forum account as collateral but still they will take a collateral. If they can take the risk then good for the borrower since under the scenario the risk is more on the lender than the borrower.

Time will come I might take a loan here just to experience how it is done.

Some lenders are not accepting accounts any longer since some users were abusing the system and were dumping their alt accounts on them and now they had the responsibility of selling those accounts.

[Ziskinberg]

It is easy to apply online here in forum if you have a very good collateral and you had been trusted by some of the trusted people here. But many lenders are still depending on your source of income, so that they have assurance that whenever you are going to borrow. They have assurance that you are going to pay your debt.

I have tried applying for loan on the forum, despite the collateral I have, I was rejected and given a very bad review which made me stay very far away from those lenders, they can be very cruel at times. Just respect yourself and find hardwork to do so you can solve your problem instead of seeking for loan that you may never get.

Well, getting a loan is difficult after all you are asking someone else for money but at the end of the day it depends on the collateral you are offering since not all lenders will accept the very same collateral.

Currently its best giving loan without collateral is very risky every person want his money in safe hands and currently we have many scammers just because of this you must have collateral equal or above your request

I think no one is lending here without collateral, although most of the lenders here just get your forum account as collateral but still they will take a collateral. If they can take the risk then good for the borrower since under the scenario the risk is more on the lender than the borrower.

Time will come I might take a loan here just to experience how it is done.

Some lenders are not accepting accounts any longer since some users were abusing the system and were dumping their alt accounts on them and now they had the responsibility of selling those accounts.

That's a good move for such lender, I have already seen that risk before that lending online with only a collateral of bitcointalk accounts would not be successful. I myself have not even try to borrow money using my account as collateral because my account is very valuable to me. This is where my reputation is in the forum and I have been building if for almost a year now.

[Xester]

Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.

Yes, Many people think that getting a loan and forget to pay about it was pretty fine since the company the lend money don't know them personally. i am working on a company that lends money to those small micro entrepreneur but before they get a loan, they need to undergo on some procedure, although the company already have the background investigation of the borrower, it is still risky because there's a lot of swindler people in the world. they will do everything just to get a loan.

[Maslate]

Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.

Yes, Many people think that getting a loan and forget to pay about it was pretty fine since the company the lend money don't know them personally. i am working on a company that lends money to those small micro entrepreneur but before they get a loan, they need to undergo on some procedure, although the company already have the background investigation of the borrower, it is still risky because there's a lot of swindler people in the world. they will do everything just to get a loan.

That's the big difference in online and in the physical world, lending here it too risky as people are anonymous, good thing you are in a company who helps poor people, I believe micro loans focus to micro entrepreneurs who would like to get additional capital to grow their business.

Moreover, it's less risky in real world compared in online world when we talk of lending money.

[TheGodFather]

yes it's risky so better look out for an escrow. but loans are really risky as we know because if you're gonna loan with bitcoin you're sending and receiving anonymously more or less it's not a secured process when it comes in lending/loaning bitcoins.  and if asking for a collateral accounts in bitcoin is not that much less risky . much better stay out of loan but we know that we need to trade and loan/lend to make our bitcoin grow. if i where you im gonna invest more bitcoin and stay out of this kind of business. there's a lot of scammers this days so be vigilant.

[MONKEYJUNK]

yes it's risky so better look out for an escrow. but loans are really risky as we know because if you're gonna loan with bitcoin you're sending and receiving anonymously more or less it's not a secured process when it comes in lending/loaning bitcoins.  and if asking for a collateral accounts in bitcoin is not that much less risky . much better stay out of loan but we know that we need to trade and loan/lend to make our bitcoin grow. if i where you im gonna invest more bitcoin and stay out of this kind of business. there's a lot of scammers this days so be vigilant.

What? How can you use escrow in a loan? The other side need the money.

Collateral must have worth 120%+ so you can have protection against scammers, that's not hard to make business with lending. No collateral, no loan.