Loans too risky?

[PMmesexycoins]

Given that there's only to be so much btc, the best way is to just sit on the stash. Not very conducive for a healthy economy, but still the best move within the system. But, now, to grow the coin as a whole, one would have to help circulate and popularize it, that could be done by creating or investing in business that trade in it.

Loans are always risky, most that can be done to reduce it is to require collateral.

[1714836838]

1714836838

[randythered]

Borrowing money in itself isn't inherently risky as long as you are able to repay it. The risk is that of the person lending the money, if the other person doesn't pay you back more often than not there is little you can do to recoup your losses. This is why interest is levied.

[aeternus]

I believe that it makes sense to take a loan, only for something really serious and important...and the current life to live on the earned money...then you will be in the present and not take money from your future

Loan is one of the best option if you are in desperate need of money, since we cannot foreseen the future there are times that we will be able to encounter a problem with money, if the loan interest is reasonable then it would be alright as long as we pay. Those who are running a lending business can also help us who are in need of money, but they also need to be fair and don't take advantage to our situation by charging big interest.

The lenders are the ones taking all the risks, so it is no wonder they are charging high interest rates for loans and when you take into account scammers then it is easy to understand why lenders are very careful about the way they lend their coins, also I do not think getting a loan is a good idea when you are desperate for money since you will have to pay it back with interest.

[pusa aso]

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 heard about that loans, i saw my mom before she is always hiding and hiding i dont why because she loan in a lending company then she do not have an income and no money to pay for her loan... thats why loans is really too risky..

[Vohoanghiep]

Loans need to have a reasonable mortgage account and are worth almost the loan. However, it is difficult to do so, almost all collateral is not enough to meet the requirements of the lender. But they keep going, they are fascinated by the high interest rates, and they are scam and lose everything. Almost all loans are fraudulent. Bjan does not have any way to get back the money he has lent. So consider carefully before you want to loan

[Deathgamer]

At some point, loans can be very risky in the sense that you are borrowing money and when you get to return it, it should have a certain amount added to it which is the interest. It is actually unfavorable to all the people who take loan yet they do not have any choice but to take the risk. They would apply for loan if they are badly in need of money or durinf emergency purposes. It is a bit burden in fact because it never benefit us all. It just gave us the chance to use the money in a short span of time and from the moment of returning it is very against our will since we will add a certain amount to it. Unless if we are the one who lends money right? When doing bitcoin you do not need to take any risk. You will earn without paying in return.

[Ranly123]

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

No offense but i don't believe in what you say you have that amount of bitcoin but let us assume you have that kind of amount, it would be better not to invest in loans instead use your money on vacations and leisures. 800btc is too much to spend and if you still want to invest it better invest only half or a portion of your earnings to some ico's. That was the best option i have in my mind in that kind of amount you have.

[CryptoKyddie]

Lol interesting question from OP. Not sure how serious he or she is. But sure loan as much as you want. But bear in mind some people will default and not pay you on time, or will pay back nothing. How do you propose to collect your money back? What collatoral will you have? What interest rate will you be charging? So many variables. be safe, not sorry

[aeternus]

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

No offense but i don't believe in what you say you have that amount of bitcoin but let us assume you have that kind of amount, it would be better not to invest in loans instead use your money on vacations and leisures. 800btc is too much to spend and if you still want to invest it better invest only half or a portion of your earnings to some ico's. That was the best option i have in my mind in that kind of amount you have.

Someone with 800BTC does not have to do a thing, the best thing is to keep holding and sell half of your bitcoin when you feel it has reached a good price then you invest 75% of that money and use the 25% left to congratulate you for holding for so long this way you get the best of all worlds, you still retain an investment in bitcoin, you diversify and you enjoy your money as well.

[birra guzez]

Giving loans will certainly run you through a lot of risk , and in my opinion all those who are giving loans in this forum are just seeking positive trust from DT1 or DT2 members in order to become "trusted" persons and get accepted by any other member of the community since someone who's DT2 left a positive trust for them ! Even with collateral , loans will always put you at risk and you won't get that much profit from it , there's an old saying in my country " An empty (not rented) house , is better than a bad tenant" , leaving your money in your wallet is better than risking it with someone else .

[szpalata]

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

No offense but i don't believe in what you say you have that amount of bitcoin but let us assume you have that kind of amount, it would be better not to invest in loans instead use your money on vacations and leisures. 800btc is too much to spend and if you still want to invest it better invest only half or a portion of your earnings to some ico's. That was the best option i have in my mind in that kind of amount you have.

Someone with 800BTC does not have to do a thing, the best thing is to keep holding and sell half of your bitcoin when you fell it has reached a good price then you invest 75% of that money and use the 25% left to congratulate you for holding for so long this way you get the best of all worlds, you still retain an investment in bitcoin, you diversify and you enjoy your money as well.

I will not even give loans if i had 20 bitcoins, 800 is too much for you to even consider giving loans whiles  you can hold  for longer or sell a part and hold the rest,. I don't think OP is making a good decision if he considers giving loansd with that munch of bitcoins. what is even the guarantee that those loanees will be paying them back?

[randyg29]

I think I agree with that loans are too risky here because we don't even know them if they will truly pay what they loan to get to us and I think that's not better to give here but if there are people who can trust we can give them loans.

[Goodsamaritan]

Loans are risky beacause they are made by banks to earn more profit. It is designed to surely grant there profit every time someone loans. Its interest silently grows big even thay told you it is very small but time is in their team. For every months or years passed, your loan grows and grows. That is why it is adviseable to loaners to pay it as much as possible because if not it might get you poor.

[suzaku00]

yes loans is too risky. you said that you have 800BTC,  there's so many things you can do in that like investing or build your own business. and also try mining i think its good too

[Charisse1229]

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

yeah there is so much scammers who loan and don't payback so if you want to loan you just need to know that person really good to assure that he will pay you back,
And those who are running a lending business can also help us who are in need of money, but they also need to be fair and don't take advantage to our situation by charging big interest,

[Emem29]

Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.

The loan provider and the getting person can submit collateral and loan amount to escrow. Escrow can provide the bitcoin and if proper interest is not paid, this is safe if we want to be a loan provider. Just sure and safe business.

[_noname_]

Well accepting what you just stated, is valid, obviously giving out advances is unsafe. It resembles you bet with your cash so as to get 1 or 2% over it either in short or long terms and with the propensity of losing your cash in the event that the person who got the advance, doesn't return it. You could by some mining gear's and add to the system also and see the long haul benefit in the event that you could oversee and adjust everything great

[Gabrieelle]

yes loans is too risky. you said that you have 800BTC,  there's so many things you can do in that like investing or build your own business. and also try mining i think its good too

I think the best thing he could do with his bitcoin is hold it for a long period of time because if he hadn't sell his bitcoin until now he is already a millionaire or billionaire in some countries. If he loan his bitcoin back then his profit will not be like what he has now. Everything is risky when it comes to spending your money or trying to invest in projects or businesses but I think investing in bitcoin is much better than other things.

[reliable]

Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.

The loan provider and the getting person can submit collateral and loan amount to escrow. Escrow can provide the bitcoin and if proper interest is not paid, this is safe if we want to be a loan provider. Just sure and safe business.

Majorly the loan seeker has to provide some sort of collateral which is worth almost the same of what is being taken as a loan. Yes escrow service can act as a crucial point also.  But if both parties are from same city then it becomes easy because all the required documents etc can be taken and you can meet face to face and negotiate on terms and conditions.


None the less it is a risky business unless you are rich enough to even lose some of the loan given to parties.

[rcticoin]

procedures lending too long while the needs of the loan is very urgent. • administrative costs or piece of the loan is high enough so that could not receive the loan whole. • the problem of collateral that much to be the main problem when candidate borrower concerned not intended to provide the collateral in any form. • requirements which sometimes can not be filled with potential borrower, especially when the borrower concerned not have a full-time job. • flowers high enough for the tenor particular, so there is a concern candidate borrowers often end up with the failure of candidates borrower.