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sgenuine
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March 20, 2018, 12:08:56 PM |
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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. You can lend some money only in certain critical situations when you do understand that this money will save somebody's life. As for investments, never use any loans for it - you never know if you succeed. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Apened
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March 21, 2018, 10:06:17 AM |
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Loan are risky in general but it's riskier when no hard collateral involve. In online world we cannot expect hard collateral so lender must be careful with their money.
Its your responsibility to make a good deal which you are in not the one who will suffer in lending or with whom contacted you to ask for money. Whats more risk is for the ones who ask for lend because he will need a collateral and need to repay the amount of money before or on the date that you have both agreed. |
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signaturecoin
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March 21, 2018, 07:24:52 PM |
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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.
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Dejech19
Member
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Activity: 154
Merit: 10
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March 22, 2018, 10:49:04 AM |
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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.
For my own opinion, I guess loans are too risky, if you only lend money just to invest. Because when you invest you are not 100% sure if the project you invested will be a profitable one or not. So if your thinking of investing you must have a capital or funds that not from loans.when you engage in loans it must have a collateral and that's not good for you because if can't pay your loan at right time they may elite your collaterals. So try to invest in your personal savings and not from loans. Us just my own opinion. |
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BitcoinMarshal
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March 22, 2018, 01:02:27 PM |
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First of all we need to clear this we are giving loan or taking loan but in both cases loans are too risky because if you are giving loan then you need to fill all requirements for this otherwise you could be scammed and can lost money and if you are taking loan for investing in bitcoin or cryptocurrency then its also very risky as we have no knowledge of this market any time can take long dip and you could be empty handed in just few moments so be sure what you want to do before doing this
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tinyteapot
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March 22, 2018, 01:58:16 PM |
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If all your statements about your hold Bitcoin that yielded this much for you are facts and not fallacies, I feel you are very rational to have done so and you are worth celebrated. However, may I go in support of you catching out half, buys standardized Manning Machine[ASIC], employ specialized hand as you are still novice of this and continue to mine the rest. More so, part of what remain from your withdrawal can be diversified into other few Alts that can fetch you well, either at the long run or short run. In essence, I am not in support of loaning which might be too risky and deadly. Good luck.
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Ondongeric18
Jr. Member
Offline
Activity: 140
Merit: 1
https://i.imgur.com/Wl0rfMA.jpg
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March 22, 2018, 02:16:51 PM |
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I think you'd better invest it in some other businesses. As you have said, you have a financial advisor may be you can ask him about what business to put up. Lending is a good business as well but I believe this isn't the best one to get into. There are risks in a lending business though the gains are ok but always consider it is a gamble. It's not that safe to gain profit this way.
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C. Bergmann
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March 22, 2018, 03:20:19 PM |
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Loans really are risky so you need to pick carefully to whom will you loan your money and not just any other guys that wishes to do so. You should ask for collateral in case they can't pay it or those who just simply run away from their debt which is likely to happen.
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Bariannen
Newbie
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Activity: 77
Merit: 0
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March 22, 2018, 03:30:38 PM |
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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 800 BTC LMAO Now he could establish a small bank to give out loans by contract and at interest rates  |
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laravuemaster
Full Member
Offline
Activity: 378
Merit: 100
When Football meets Crypto
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March 22, 2018, 03:33:23 PM |
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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 you want to become a lending source then you should have always a budget because it is risky if you gave a huge amount to a certain person and you have no idea he is going to pay back, if the person is reliable then its ok for you to lend him a huge amount. |
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campica
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March 22, 2018, 03:48:53 PM |
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800 BTC LMAO Now he could establish a small bank to give out loans by contract and at interest rates Do you really believe in that?? He probably laying..  About loans, if you have enough BTC for lending and if you are smart you can get big profit from that. It's a risky business , but you must take Collateral from member which need loan. I will suggest to avoid all members below Sr. Member and without merit because you will be probably scammed. |
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BitcoinMarketer39
Full Member
Offline
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
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March 22, 2018, 04:26:48 PM |
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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 am the type of person who is paying his own debts so it will not be risky to the lender if he will be going to lend me some of the bitcoins he is holding. Loans will be only risky if the person will not pay their debts so you should have printed signature's of the deal before giving out the money. |
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Indai24
Member
Offline
Activity: 448
Merit: 10
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March 23, 2018, 03:42:06 AM |
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yes there is no doubt about this that loans are too risky so you should be careful when taking loan as there is always a chance of loosing bitcoins if he price fell down so try not to buy or do trading on loans as you will then not be able to return it back.
For me it's not risky so long as you have the capability to pay for your loan. Yes I know thay sometimes price fell down and price may rise and that where your decision making is highly involve. I know for a fact that prior taking a loan and prior joining bitcoin crisis may happen, this is the nature of bitcoin. |
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BTCbengi
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March 23, 2018, 03:52:10 AM |
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Virtually all virtual currency loans are scams and will disappear forever. It is not like in real life, Virtual Money keeps you anonymous and deceiving. So do not be foolish for anyone to borrow or trade without a third party. You will be cheated
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Btc_1856
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March 23, 2018, 03:56:32 AM |
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I don't think you will get good rewards for cryptocurrency loans. There is no guarantee whether they will pay % at the end of the day, everything should be in your control, otherwise, you will be in loss. So don't give any cryptocurrency loans to unknown persons.
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LivDamone
Jr. Member
Offline
Activity: 140
Merit: 1
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March 23, 2018, 10:48:13 AM |
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If you have so many coins, then investing could prove to be a lot more profitable than lending, besides you will not have to worry whether you are aid back your loans or scammers.
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conected
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March 23, 2018, 02:10:15 PM |
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I don't think you will get good rewards for cryptocurrency loans. There is no guarantee whether they will pay % at the end of the day, everything should be in your control, otherwise, you will be in loss. So don't give any cryptocurrency loans to unknown persons.
- You say only partially correct, although loans are very risky and not guaranteed but in this forum there are still some people who are very successful with loans, they can control every loan and choose reputable people, then what they get is easy money. However, that is just some people, we can hardly succeed as they, we have no experience, if we have loans, the loss is definitely going to come, so the best thing is that as you say, there should be no loans for strangers, even acquaintances in this world, scam too much and greed always can destroy relationships |
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Barcode_
Staff
Hero Member
Offline
Activity: 3010
Merit: 568
APP下载sbapp.io
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March 23, 2018, 02:14:07 PM |
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If you are planning to give out loans to users on this forum, it would be good to check their forum profile and see if they have any bad history of defaulting loans via the trust ratings left on their profile, and always remember to secure a collateral that is higher than the amount you are going to loan out.
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ArnoldChippy
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March 23, 2018, 11:01:09 PM |
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For me, it will always depend on the situation, If you can afford to buy your miner or can invest on your own don’t loan to somebody. 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 in unstable bitcoin 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.
Yes that is important if we can manage to fulfill our need with our own investment, i think it will even be better to reduce our investment but should not try to take loam from anyone, because no one know about the future of crypto currencies, anything can happen in future, therefore we should not depend on loan which will become difficult for to return. |
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freedomgo
Legendary
Offline
Activity: 3094
Merit: 1144
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March 24, 2018, 02:14:11 AM |
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If you are planning to give out loans to users on this forum, it would be good to check their forum profile and see if they have any bad history of defaulting loans via the trust ratings left on their profile, and always remember to secure a collateral that is higher than the amount you are going to loan out.
I would not advise giving loans using this forum if you are not a trusted member, there is no security that such person can pay so you have to be more careful and learn to minimize the risk. AFAIK, before you have to collateral you account in order to get granted and some people are just abusing it as they can easily buy new accounts. |
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