Loans too risky?

[sp01_cardo]

Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only  to your loan. Its like nothing happened in your investment.

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[Xising]

It only becomes risky depending on the agreement between the lender and the borrower. There are times that the borrow does not fully understand the contract or agreement that he or she is getting into. That is why it leads to misunderstanding and even anger to the lender. We need to understand that we are given a choice and we are not forced to loan.

[JacLuck]

Loan is indeed risky but if you truly need it to grow business to expand the possibility to earn more then it is okay to loan, basically it is depends on a persons altitude over money, if your intention to loan is clear then it is profitable indeed

[Harlot]

It only becomes risky depending on the agreement between the lender and the borrower. There are times that the borrow does not fully understand the contract or agreement that he or she is getting into. That is why it leads to misunderstanding and even anger to the lender. We need to understand that we are given a choice and we are not forced to loan.

That is why if you are willing to go into the loaning as a business you must always ask for a collateral from their side as it is your security that they won't run away from their obligation to pay their debt. Look at how pawnshops work they will give you the equal amount of money on what your jewelry is worth for them as it is their assurance or guarantee that they still will earn even if the debtor won't pay. Loans are really a risky business but if you know a way around it you will be earning from it.

[Naoko]

It only becomes risky depending on the agreement between the lender and the borrower. There are times that the borrow does not fully understand the contract or agreement that he or she is getting into. That is why it leads to misunderstanding and even anger to the lender. We need to understand that we are given a choice and we are not forced to loan.

That is why if you are willing to go into the loaning as a business you must always ask for a collateral from their side as it is your security that they won't run away from their obligation to pay their debt. Look at how pawnshops work they will give you the equal amount of money on what your jewelry is worth for them as it is their assurance or guarantee that they still will earn even if the debtor won't pay. Loans are really a risky business but if you know a way around it you will be earning from it.

take a pledge is a success...and it is also important to competently legally draw up all the documents...then the risks are reduced almost to zero

[geegaw]

Loans or lending is one of the most risky business Ive known for now even the borrower submitted all the needed documents or have a valid collateral still you have no assurance if they will pay on a promise date of repayment I will rather hold my bitcoin in my wallet instead of entering a lending.  

Well, it's risky but that's a very simple way of making money, we will not need to do anything, profit will come to us in a certain time, this time is long or short depending on the contract that we do with the borrower, and I think this risk will decrease if we are wise in lending. However, this only benefits when we lend in real life, to the virtual world, exactly as you say, there is nothing guaranteed, the value of bitcoin is always increasing over time, borrowers will be greedy and never give back bitcoin to us, so the best and safest thing for us is that we should hold bitcoin or invest to increase bitcoin, should not lend

[slashz9]

I do not know about the ownership of the amount of BTC you have, but do you believe it just lend to someone else? I mean this is a crypto world where nothing sets it up if you lose your balance it's your own fault. you can not blame anyone else, because there's nothing to blame, so I think about the loan, forget it's a bad idea, or even a bad one.

[Raruzo]

Loans has pros and cons. Loans can be used in case of emergencies but if ever you are not able to pay your loans on time it may affect you credit standing.

[allohha]

I do not know about the ownership of the amount of BTC you have, but do you believe it just lend to someone else? I mean this is a crypto world where nothing sets it up if you lose your balance it's your own fault. you can not blame anyone else, because there's nothing to blame, so I think about the loan, forget it's a bad idea, or even a bad one.

It seems to me that lending in the field of crypto currency is very dangerous. because there is practically no control and unlike the banking sphere, the crypto currency does not have the circumstances that are managed by different institutions that issue loans in real currency.

[danpaz]

Loans is not that too risky in my experience as a merchant it helps me in case of needy moment when expanding business, adding more products and investing on social networking to grow more and attract more costumers,

[abayan]

Loans is not that too risky in my experience as a merchant it helps me in case of needy moment when expanding business, adding more products and investing on social networking to grow more and attract more costumers,

In terms of loan of bitcoins I dont think it will be safe because I haven't tried loaning for bitcoin yet. Unlike lending and borrowing money, you are sure of h
ow and when to borrow and pay it

[smith136]

Any source of income bears risk so as to loans, but there are devices/techniques created to lower the risk for example in loans is the collateral, if you can get a higher value of collateral against the loan you are far secured compared to having none and the surety of getting back to money will be 100%

[Aryanto28]

Escrow systems can make the loan by bitcoins a secure as well as risk free. 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, escrow can give the collateral to loan provider.

whether this really can be rely on. how can one borrow bitcoin at a price he wants at a price of $ 20 suppose. but at a bitcoin market price after a few days he is cheap and what he earns is only $ 15 and also he has to pay the interest already agreed. . I think this is very risky.

[Kotone]

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

That’s the drawback of giving out loans that is why sometimes when i gve put loans to a friend or to someone that I ak close to I sometimes expect that it would not get paid back to me. However I still think that friends if needed can and still deserve to be loaned if needed

[balakang00]

Loans are not too risky unless you don’t have the ability to pay for it. The best way in using your loans is to acquire assets so after you paid your loans, you will have a passive income.

[Btcmarmipp2]

Yeah! loans too risky if you let your bitcoin borrowed to someone whom you don't know, without the collateral or the assurance to pay what was borrowed but if you have hold any assets of the one who borrowed so it is not your risk but to the borrower.

[Morjana17]

In our situation living in our country applying loan or giving loans is too risky because you dont know what comes next. If you apply a loan the interest is so high percentage base of your loan amount and if you give loans you dont know if that person is loyal og his statement that he or she will pay you according to your aggrement.

[EdenHazard]

Escrow systems can make the loan by bitcoins a secure as well as risk free. 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, escrow can give the collateral to loan provider.

whether this really can be rely on. how can one borrow bitcoin at a price he wants at a price of $ 20 suppose. but at a bitcoin market price after a few days he is cheap and what he earns is only $ 15 and also he has to pay the interest already agreed. . I think this is very risky.

risky only when you did not planned everything well , just do get a loan and did not think how to pay it.

i mean there should be a prediction whether the price of bitcoin will go down or up , if you think the price will go down for a while as it is in the highest price then i think to get bitcoin loan could be really beneficial , the point you need to have some prediction skills , otherwise things won't ended up well for sure.

[spyerf]

Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only  to your loan. Its like nothing happened in your investment.

In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.

[dx_twisted]

Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only  to your loan. Its like nothing happened in your investment.

In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.

Being a lender should be cautious when providing loans to prospective borrowers. That's why there are certain actions that you should take in order to, if not avoid, reduce the risk associated with a lending business. To secure the money that you lend, take a collateral which is greater than the amount that the borrower would like to borrow, this is a common practice by lenders through the Marketplace (Lending) section of this forum, where they will take an Altcoin as a collateral, the value of the coins that he will provide for security of loan should be 120% against the Bitcoin that the borrower needs.