Chances of a payment default

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Topic: Chances of a payment default (Read 237 times)

toygg (OP)

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Chances of a payment default

March 11, 2017, 11:14:50 AM
Last edit: March 11, 2017, 01:51:00 PM by toygg

Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others. I have around 0.007 btc earned from faucets,etc.

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Re: Chances of a payment default

March 11, 2017, 11:30:23 AM

Quote from: toygg on March 11, 2017, 11:14:50 AM

Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others.

There is always a risk of default, that's why you only give out loans when the user can provide adequate collateral.

Quote from: toygg on March 11, 2017, 11:14:50 AM

I have around $0.007 btc earned from faucets,etc.

Are you talking about $0.007 or 0.007 BTC? If the case is with the former, then this amount is economically unspendable due to fees. Even if it is the latter, lending out ~8$ won't get you far.

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Bitcoin Forum > Economy > Marketplace > Lending > Chances of a payment default

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