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Author Topic: Any luck with P2P loan sites?  (Read 1095 times)
Genemind
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June 12, 2016, 07:04:24 AM
 #21

I think it will be not risk if you give loan to those who are more verified on there, you have to look at their loan history and have to check their contact info and before giving loan you have to contact them on phone etc.

It is better to ask for the collateral when you lend out. The account owner can change hands. Collateral is most important.
Whosdaddy
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June 12, 2016, 09:34:48 AM
 #22

I've been looking at ways to invest my Bitcoin, and I've come across several lending sites that look legitimate and promise to bring me a fair, legitimate return. (Loanbase and btcjam)

Has anyone tried these sites? Is their expected earning percentage accurate?

Is there another investment strategy I should be looking at? I know there are a lot of people who emphasize the buy and hold mentality, and I'm open to any suggestions.
Well my suggestion is just keep away from lending sites you have big chance to lose your coin.
You can see they have good offer but at the end possibility to lose your all investment. Better hold your bitcoins and sell it when rate is higher and convincing to you.
BigBoom3599
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June 12, 2016, 09:39:35 AM
 #23

As many people said, just hodl. If you really want to gain some interest then take a look at the Poloniex lending which is basically risk free (except if they pull a Mt. Gox/Cryptsy) or invest in a POS coin.
pandalion98
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June 12, 2016, 10:03:15 AM
 #24

I've been looking at ways to invest my Bitcoin, and I've come across several lending sites that look legitimate and promise to bring me a fair, legitimate return. (Loanbase and btcjam)

Has anyone tried these sites? Is their expected earning percentage accurate?

Is there another investment strategy I should be looking at? I know there are a lot of people who emphasize the buy and hold mentality, and I'm open to any suggestions.
I've had bad experiences with seemingly reputable loan sites. An example would be BTCjam. Lost money there, but thankfully only a bit.

I would advise you to do something else with your BTC. Maybe hold it for now since the block halving in July is news right now.
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July 14, 2016, 12:03:10 AM
 #25

I've been looking at ways to invest my Bitcoin, and I've come across several lending sites that look legitimate and promise to bring me a fair, legitimate return. (Loanbase and btcjam)

Has anyone tried these sites? Is their expected earning percentage accurate?

Is there another investment strategy I should be looking at? I know there are a lot of people who emphasize the buy and hold mentality, and I'm open to any suggestions.


I think it's better to use your bitcoin trading or investment itself, although BTCJAM/ LOANBASE has a strict verification system, but it is not uncommon even many people who fled with our bitcoin. So I suggest better manage your own money

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