Loans too risky?

[Harlot]

Yes, loaning is a bad idea, it is too risky, your money will be lose like the air in the sky and cannot find it anymore. So better just hold your money in bitcoin rather than making a loan business.  The risk involved in giving bitcoin loan is more than the profit which can be earned through interest of that loan.

Its really risky but there are still some people who do accept the risk and tend to proceed on this kind of business.I would say that loaning business is really profitable you can make money on a short span of time.Risk is always there on every any investments online but other people could still able to handle such risk,if they can do it,then for sure we can make it to.Its just a matter if you are a risk taker or not.

You can't really trust anyone with that kind of amount in Bitcoin you will be an easy target for them. My advice for him is to stay away from loaning out his Bitcoin and instead try to grow it on your own wallet as it is much safer. If ever you really want to enter into loaning out your Bitcoin you have to set a limit in order for you to avoid losing everything, also you need to have a middlemen and an intensive background review to whoever you are loaning our your money with.

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[Livictere1958]

if you want you bitcoin to loanyou can try out is lending technique in poloniex so savetyand this discussion board bitcointalk you can try out part lending you can use collateral system and escrow

[Cavyanpo]

Mortgage is way too risky if you cant pay out it, Bank loan the amount that you can spend so that it is not dangerous, and loan if you require it in emergency for your family members, dont mortgage if you need to have it in investment decision, dont danger the income that you loan in betting websites or gambling.

[zypa]

Come on dude, just buy an entire apartment building and rent it. Heck just buy an entire village with 800 btc and rent it as a theme park. Hehe

[Ziskinberg]

Mortgage is way too risky if you cant pay out it, Bank loan the amount that you can spend so that it is not dangerous, and loan if you require it in emergency for your family members, dont mortgage if you need to have it in investment decision, dont danger the income that you loan in betting websites or gambling.

Forget about bank loan, we are talking of loaning business here in crypto, bank does not give loans if they did not undergo a thorough investigation on the borrower. Crypto is different, people are asking for loan without necessary papers or information that would help you verify their real purpose and status in life, with that reality a lender is on bigger risk as any time when a borrower get the money he can easily disappear if he choose to and he has no legal obligation at all.

[IronGenius]

I wanted to get loans initially at first but it all depends on your financial situation and getting a compeititve APR.
Do you have good credit score? Do you have assets or collateral? Have you loaned money before? These are all factors
Overall if you are the average person you would get an APR rate of 20% which is definetely worth taking out a loan for to invest in bitcoin since you can probably get that return in a week if you are good.

[nikitano]

Mortgage is as well risky if you cant pay it, Bank loan the amount that you can pay so that it is not risky, and loan if you want it in unexpected emergency for your household, dont financial loan if you need it in investment, dont risk the funds that you loan in betting web sites or gambling.

[Ascension Dev]

Yes loans are the number one risk off negativity status in bank accounts . There is too much corporate greed behind the loans.

[freedomgo]

Yes loans are the number one risk off negativity status in bank accounts . There is too much corporate greed behind the loans.

When you take a loan you know the terms so you can easily not proceed if you do not want the terms, banks should be transparent because they are in the business of trust, but they will do the necessary actions to determine if their clients has the capacity to pay. Loaning in crypto has a big difference, there is not much KYC here and we just loan based on trust with collateral that has a value lower than the amount borrowed.

[Tipstar]

Depends on many factors like productivity, inflation, etc.
Taking a long term loan for productive work can be helpful as the value of amount at current time will not be same after some years.

[BitDane]

It is true that lending loans to unknown people is risky but there are ways to mitigate this risk.  Several people here that offers loan service have ways to make sure that they will not be the one in losing end when a client runs away with the loaned Bitcoin.  One of which is asking for a collateral that is higher than the loan amount.  This way, the one who give the service will take more profit in case the client forfeit their loans.

[wxa7115]

Loans are always risky at all time, cause if you are not careful in choosing the right one to give loans, your loans will be scammed. Nobody can know the future or the deep inside of some guys. So the safest way to giving loans is asking for collateral, and the basic rule is no collateral no loans. You should go to the lending threads which there are many lenders there. You could learn more experiences from them if you want to become a lender.

Not only that, lending on bitcoin is ultra risky, just go and look at the lending section in the forum, you are going to find many discussion about people getting loans and not paying them or paying them late, you will see a lot of scams and a lot of newbies asking for no collateral loans and then they get tagged because of it, so lending is full of drama that is best avoid.

[Mooneater]

It depends on how much you know about earning with bitcoin if you have a good and fast idea to also pay your loan back i think it is not that bad to take a loan from the bank or even from your friends.

[harizen]

Not only that, lending on bitcoin is ultra risky, just go and look at the lending section in the forum, you are going to find many discussion about people getting loans and not paying them or paying them late, you will see a lot of scams and a lot of newbies asking for no collateral loans and then they get tagged because of it, so lending is full of drama that is best avoid.

We have a so-called obvious scam so I think it's on the lender itself if they will get trap to the borrower's request although it was a clear shit attempt to make a loan. Giving lending will be really risky if on the side of the lender, they will make it more risky. There are things that needs to be consider before giving out loans.

But there is an instance that lenders give an amount without any collateral to a person who is regular borrower to him and pays on time. All of that loan is approved because of the trust who is more hard to earned compare to money honestly. In here, it's just a matter of money over trust if the borrower will still pay. I do loans too at Lending section without collateral. I earned their trust and never will break it. Can't imagined people will scammed just because of small amount.

[ningrum]

I wanted to get loans initially at first but it all depends on your financial situation and getting a compeititve APR.
Do you have good credit score? Do you have assets or collateral? Have you loaned money before? These are all factors
Overall if you are the average person you would get an APR rate of 20% which is definetely worth taking out a loan for to invest in bitcoin since you can probably get that return in a week if you are good.

I think yes, if doing a loan using bitcoin it is very high risk.
for fear that if we borrow many we can not return it. I think it's better not to borrow, we better find a little. if longer urgent to borrow no problem

[Granxis]

Loaning is very risky, but many companies will be lending money with bitcoin, I believe it may be an official transaction like banks, but this innovation will be in the near future.

[Kevin13]

It is definitely too risky especially if you are that one that one that offering some loans to others. If you are offering some loans make it sute that you make it on trusted members here in the forum.

[andrew24p]

Yes loans are not only risky, but very stupid because when it comes to deflationary currency, if the value goes up people stop actually paying their loans back. Unless you have a good amount of collateral, it isnt worth it. Even then its questionable.

[fedora8]

Bank loan bitcoins is really risky  and financial loan bitcoin onnline is quite very dangerous you do not know the man or woman, and if they don't give you some thing for the threat,don't give the loanI Guess if you have friend perhaps you can, but if you want to increase your bitcoins by loans thats bad transfer.

[rhodelmabanal]

Yes it may too risky, people loans a lot if they wish they work only to pay for it. Sometimes their salary aint enough to pay it, thats why they join btc for additional income perhaps it may used to pay other loans to avoid the salary deductions.