Loans too risky?

[boyptc]

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.

For the lender the risk is there that's why most of them are asking for a valid collateral so if the borrower is acting weird and doesn't have intention of paying then that will be the payment for his loan. It's not that risky now if you know how to deal with people who have good history of borrowing.

[RavenHood]

In my opinion, in all loans, there has their own risk. If you are loaning to start a new investment to bitcoin, I’m sure that it will be challenging because you are not sure if your venture will be successful or not. But on the bright side bitcoin price is expensive and still increase so you still have a great chance that your investment will be successful.

[Mr.X(999)]

its pretty risky, don't do loans just investing with pation hahaha 

[djablom1]

Taking a loan is risky with everything i would never suggest to take a loan unless you know that you can pay it back in a little amount of time if not i would not take it you can also earn btc instead of investing in it.

[Yakult]

I am not sure what to believe. You are already making fortunes, I don't think loans would be beneficial for you. Invest on trading or atleast some businesses and be your own boss.. Loans will just make you lost some money. And if you are the one that needs loan, as long as you have an stable income then you don't have any problem to take one.

[chickenfried12]

I think you have to be very careful, you can face a process of distress, especially the recent price increase that you and the other side can hardly bring you into trouble.

[Wong Gendheng]

Yes true, loan is risky if we do not have good financial management then I advise not to loans because it will make our life becomes more difficult and can not be helped anymore.

[btcminer6212]

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.

I will never prefer to take loan because its too risky you only torture that particular payment . Because after you spend it , when the pay especially if you do not have it stored for Wedge pole where you get the payment . But if you have collateral loan was okay but hopefully those not too high . If posible do not get loan for your own sake.

[Activitycoin]

So hopefully not to finance loans with more resources are not credited specifically if the loan without your loan or loan does not know who might be indebted to you if you cheat and can only get in trouble. If you lend a bitcoin between your friends who use bitcoin do not finance if you do not know specifically whether there is a collateral. Due to the fact you may find a scammer.

Yes loans are risky because when you want to get loans from any bank then you have to return them back in installments and for that you must have a good source of income if you quit your day job so then it’s very hard to return your money so I will request to every one join bitcoin because it’s such a currency which can give you a lot of money with your hard work with easy way and you will not need any loan from any bank.

[ademily]

If you have 800 BTC, now are the rich man and you have not to risk for loans. Or you just do fun, you can apply for loans. 

[ChrishAi28]

Borrowing money in lending companies is too risky and gives you negative income. I'll rather invest my own money so that im not thinking any loans to be paid.

[ASHLIUSZ]

Loans were much risk involved. In the past it has got low risk, but what it has got at present is big. If I were asked whether lending is good for profiting, I would suggest trading or just keep hold of it. Because, the price is into fluctuations and the end result is growth, so the collateral got yesterday might be equal to the amount provided, but the same could go low when the price increases. This might cause the user not to repay.

[L00n3y]

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

If indeed you have a holding of 800 btc that you bought for 0.07 dollars, then why burden yourself in asking if you should use it for loaning? The profit you have gained from this holdings (whether true or not) is enough already for retirement.

[randyg29]

I also agree that loans are too risky because you can only trust person here by 1% you may also know their profile name but they are all unknown, so exactly you can't find them in their country to get what you agreed with your loans.

[balintong15]

For me yes.loans are too risky because it has hidden and big interest. So instead of it is helpful, sometimes it is not.

[hahay]

Providing loans i guess is very risky, but if you have done the requirements correctly I think it will be fine and will make your bitcoin grow more. But if I personally have that much btc, I will invest in some famous sites and also the famous gambling sites in crypto, because by investing I believe our money will continue to grow.

[haster100]

Loans can pretty risky to take, in fact. Unless you really need it, I suggest that you never take a loan. It is valid to remember that the bank is not going to lend to much money without a good reason to do so.

[xxbtcxxx]

I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assurance

[Botnake]

Loans can pretty risky to take, in fact. Unless you really need it, I suggest that you never take a loan. It is valid to remember that the bank is not going to lend to much money without a good reason to do so.

Taking a loan should have a valid purpose, if you are just borrowing money for entertainment then you will have a problem very soon.
Some people take loan as they want to to recover their loses, as a lender, you have to know the purpose of the loan so you can analyze if your chances of getting repaid is good.

[zhanyiguai261315]

Making loans is a less risky interest investment. If a borrower defaults, that means you're just losing your bitcoin. On the contrary, it is wise to sell and invest in a valuable business or investment, and keep it even more appreciated in the long run!