Loans too risky?

[kaizerblitz]

Some loans are scam some are good opportunity gives you that's why you have to learn much more.

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[Btcjunpitz18]

yes loans is too risky. Letting someone borrowed your bitcoin and a promise to pay with interest is very risky because some borrower don't know how  to settle their obligation, some will just ignore when due arise.

[Macai]

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

Go talk to your financial adviser, he knows where to put all your fortune and he is basically the reason why you acquire this fortune.

[Rodzz]

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.

Yes, when have your money lend it really is risky. The risk is much more doubled if you are not so familiar with the person borrowing you. I agree, it can be compared to gambling, if lucky enough you could gain but if not you might lose all including your capital.

Agree with the idea of not lending money to family or best friends if the use of lending money is to make money. Often times you feel bad, or you'll forgive them resulting in you losing money or friendship. Choose wisely it's a risky thing to do.

[maculeth]

no, in the world of business loans is a common thing and indeed become one of the important components for the running of a business. for example when we want to start a new business but we lack capital, better to borrow capital. don't you ever try the business system in for two, that's risky !!
don't be afraid, because we can get all the benefits later. remember, we loan for business capital, not for fun and drinking jack daniels.

[scorilo]

Loans have always been risky especially if your not a bank or if you take them from a bank. I don't recommend them without a a proper financial advisor or without some financial planing.

[LegendOF45]

Loans have always been risky especially if your not a bank or if you take them from a bank. I don't recommend them without a a proper financial advisor or without some financial planing.

We must have a good reason when the loan in the bank, if we do not have a good plan then we can not pay the debt so that all our assets are lost, use the loan only for productive activities and investment.

[FUD Expert]

I'm not really a big fan of loaning because we all know that you are doing gamble and that chances of getting burned is very high. Just start with a small of amount and let it grow.

[jakoylantern]

For me, it will always depend on the situation, If you can afford to buy your own miner or can invest on your own don’t loan to anyone. Yes, lending some money to start your own business can be an excellent way to but it will always be risky. In all investment, there has their own risk especially in bitcoin or in all unstable things that have the fluctuating amount. Just spend some money that you can afford to lose, because in the end if you fail or lose your money, you will not be pity especially in this industry.

[Maslate]

I'm not really a big fan of loaning because we all know that you are doing gamble and that chances of getting burned is very high. Just start with a small of amount and let it grow.

It's important to know the risk first so you can see your chances of success in this lending or loaning business.
There are a lot of scammers online, you might regret in the end if you cannot manage it very well especially that you cannot require them valuable collateral.

[Spazzer]

As mentioned throughout this thread stand alone loans are super risky. You need some form of collateral to cover the loans.

I would be interested to see the data of defaulting on loans from a company focused on loans like SaltLending.

[Vlack]

As I read the OP I couldn't concentrate because all I kept thinking is that he has 800 Bitcoins that he bought for $56.

[munir15]

Yes , loans is too risky .. because the interests is high .. you can get easily a money from loans but in the end the interests that they will put is very high ..

[mahilchii]

Giving out your money as loan is too risky and what you earned is from a small investment to a big profit, so this happens only for few and you are one among them. Whether you have that much Bitcoin or not is secondary but you can start trading from what you have rather than giving as loan.

[onrise]

Yes , loans is too risky .. because the interests is high .. you can get easily a money from loans but in the end the interests that they will put is very high ..

Loan should always be avoided unless you need it in emergency and that too not for gambling but have some emergency. Else just avoid it to invest somewhere and anticipating you will make money from it and replay the loan, it is highly risky and interest is also higher.

[Md.Sufian]

I think it is only safe if you request bail from the borrower, because if you can get the money back, then why you can not get the money back? If he does not parallel, he is a criminal. So everyone should be careful.

[Farvin2]

Loaning to anyone who you don't know could end with you losing your money. People that gets money usually won't want to give that money back not matter what so it is pretty risky. Even with friends, especially if the amount is large, you should protect with a collateral.

[carlbreezy]

Yes , loans is too risky .. because the interests is high .. you can get easily a money from loans but in the end the interests that they will put is very high ..

Yes. Usually almost half of what you loaned.

OT: I wonder what happened to TS' 800 bitcoins. 

[Samk]

LOAN IS RISKY IF U INVEST THE MONEY OF THE LOAN INTO THE BITCOIN AND CRYPTOCURRENCY BECAUSE IT DOES NOT HAVE FIX TIME FOR GAIN BECAUSE THE FLUCTUATION IN PRICE IS VERY HIGH AND BANK DEMAND ON TIME MONEY IN THE FORM OF INSTALLMENT.SO REALLY SELLING TE HOUSE FOR BITCOIN OR TAKING LOAN ON HOME IS REALLY FOOLISH ACTIVITY.

[Ziskinberg]

Yes , loans is too risky .. because the interests is high .. you can get easily a money from loans but in the end the interests that they will put is very high ..

Yes. Usually almost half of what you loaned.

OT: I wonder what happened to TS' 800 bitcoins. 

With the comments about the risks is lending online I am pretty sure that OP did not pursue doing the business.
If he just hold his bitcoin until now, it has already give him a good value that he will not think of lending it anymore, I just hope
people who plan to do the business will understand all the risk so they can carefully decide.