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Author Topic: How To Lend Money  (Read 1520 times)
BitMaxz
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April 04, 2016, 10:26:31 PM
 #21

You can try to lend in lending section make sure that accept only valid collateral and make sure they can send the collateral first before you send a btc..
Also you can try Poloniex if you are not satisfied lending here you can go to poloniex to start a small lending that you can make 1% daily interest..

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April 05, 2016, 10:44:55 AM
 #22

An easy way to lend is through bitfinex. BTC returns about 2% right now. Fiat loans much more but it fluctuates. Little tip. No reason to lock in your loan for more than a few days. If you lock it in for a month and then the rate goes up while you are inside of the month, you lose money. But you can also keep your loan rolling over and reinvested and take advantage of the rate if it goes up. Of course it might go down. Its a calculated risk.
M

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April 05, 2016, 11:24:38 AM
 #23

An easy way to lend is through bitfinex. BTC returns about 2% right now. Fiat loans much more but it fluctuates. Little tip. No reason to lock in your loan for more than a few days. If you lock it in for a month and then the rate goes up while you are inside of the month, you lose money. But you can also keep your loan rolling over and reinvested and take advantage of the rate if it goes up. Of course it might go down. Its a calculated risk.
M

this is very interesting, thanks for sharing.
i have question about the service.
you are lending to users on the site right? can they withdraw it after they take the loan or is it blocked within the exchanger?

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April 09, 2016, 02:22:03 AM
 #24

You can try to lend in lending section make sure that accept only valid collateral and make sure they can send the collateral first before you send a btc..
Also you can try Poloniex if you are not satisfied lending here you can go to poloniex to start a small lending that you can make 1% daily interest..

But it is really profitable if we have a large number of bitcoins in our wallet to get high profit. Also with the current price we can make a earning of $4.2 per day if we have one bitcoin.
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April 09, 2016, 07:02:25 AM
 #25

You can post loan offer thread in loan section under marketplace here: https://bitcointalk.org/index.php?board=65.0
But don't forget to take collateral from the person you give loan and make sure that collateral is easy to sell and can give you more than you give in return in case you have to sell that collateral.

 
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Boosterious
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April 09, 2016, 08:14:26 AM
 #26

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.
one of many way to make success loan is trust and reputation,you must build up your trust and reputation in this forum,but if you can get this,just use escrow and pay fee for that escrow,and dont forget to add collateral for your loan.

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April 09, 2016, 10:25:33 AM
 #27

An easy way to lend is through bitfinex. BTC returns about 2% right now. Fiat loans much more but it fluctuates. Little tip. No reason to lock in your loan for more than a few days. If you lock it in for a month and then the rate goes up while you are inside of the month, you lose money. But you can also keep your loan rolling over and reinvested and take advantage of the rate if it goes up. Of course it might go down. Its a calculated risk.
M

this is very interesting, thanks for sharing.
i have question about the service.
you are lending to users on the site right? can they withdraw it after they take the loan or is it blocked within the exchanger?

No the money does not leave the site. It is used for people who want to short a market. The money has to come from somewhere? That would be you adding liquidity to the platform. The borrower is hoping the market will go in their direction more than the cost of the interest on the loan. Volatility and volume change the return you get on the loan.
Also. It won't be for a while. But First Global Credit will have a passive investment option that will allow you to generate a return without the need to direct your investment. Right now its all using bitcoin as collateral to invest in mainstream companies like Google, Apple, EasyJet, BetFair. Or the S&P, NASDAQ, other exchanges. Jon Matonis is on our board and the company has been trading since 2014.
But I am delighted I knew something useful for you. Smiley

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April 09, 2016, 04:45:05 PM
 #28

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

to be a money lender, you should have a positive trust, but that's not all, people you will lend money too should have positive trust too or you shouldn't lend them money because there are lots of scammers everywhere, so you have to be very careful while doing things like this
The part regarding positive trust is needed is 100% not true. I started lending back when I was "Member" ranked and the only trust rating I had was this negative one from someone on DT3.

I still gave out loans, and people still requested them from me. Most of my loans were to people without positive trust as well, and so far I have only 2 defaults, both with collateral that covered the loan amount. Just because they have positive trust doesn't mean they won't scam. I remember a person with 10 trust defaulted a loan of 0.3 BTC a while ago, so you can't base it on trust only.

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April 10, 2016, 07:17:37 AM
 #29

Find out if the forum member has an account with loanbase. btcpop, or bitbond. Send them a message on one of their active or paid loan pages to confirm they actually own it. Check their rating and loan history. Do not get fooled by "boosted" accounts with a lot of tiny reputation loans.
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April 10, 2016, 08:44:43 PM
 #30

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

to be a money lender, you should have a positive trust, but that's not all, people you will lend money too should have positive trust too or you shouldn't lend them money because there are lots of scammers everywhere, so you have to be very careful while doing things like this
The part regarding positive trust is needed is 100% not true. I started lending back when I was "Member" ranked and the only trust rating I had was this negative one from someone on DT3.

I still gave out loans, and people still requested them from me. Most of my loans were to people without positive trust as well, and so far I have only 2 defaults, both with collateral that covered the loan amount. Just because they have positive trust doesn't mean they won't scam. I remember a person with 10 trust defaulted a loan of 0.3 BTC a while ago, so you can't base it on trust only.

I mean as long you have a solid collateral knowing you can sell it to make up for your debt, you`ll always be lending or able to..

but the day you start struggling to sell to make up for the debts is when there will problems. Its better to partner with people who buy the accounts or whatever youre dealing with as collateral. cause it`ll be causing more going out then coming in..

I mean you have more experience obviously, but this is just what I see.

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April 11, 2016, 03:08:28 AM
 #31

Lending has become easier when you find the trusted person from our forum. Secondly the collateral needs to be got before moving further for the bitcoin transfer. Better than this is to find a escrow who does these work in a very perfect manner. You doesn't need to stress yourself.

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April 11, 2016, 09:25:14 PM
 #32

Lending has become easier when you find the trusted person from our forum. Secondly the collateral needs to be got before moving further for the bitcoin transfer. Better than this is to find a escrow who does these work in a very perfect manner. You doesn't need to stress yourself.

With accounts being bought with reps, its hard to sort out the legit trusted ones that will not run.

I say even with a trusted forum member, have a set limitation of lending as a mandatory rule on your thread and break down the lending limits.

If you have no limits, theres more at risk.
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