|
|
|
|
|
|
|
|
|
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
burakdat
Jr. Member
 Offline
Activity: 252
Merit: 2
"I invest and Doing Bounty Campaign"
|
 |
June 12, 2018, 07:38:52 AM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. |
JUR Alliance | https://jur.io/ | Join the Legal Revolution!
Justice as a Service Infrastructure |
|
|
|
bitart
|
|
June 12, 2018, 09:36:35 PM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. Exchanges in Japan looks like banks, they applied KYC and AML regulations, so using a loan in BTC seems very similar when you use a normal bank's loan. The difference is that if you don't have incomes in BTC, you can have a problem with the exchange rate (e.g. if the BTC price goes to the moon, you have to pay back much more in fiat compared to the amount you have received in the beginning) |
|
|
|
|
toreserve
Newbie
Offline
Activity: 26
Merit: 0
|
|
July 12, 2018, 02:03:59 AM |
|
It is a creative idea to promote bitcoin
|
|
|
|
|
kidsrock
Newbie
Offline
Activity: 280
Merit: 0
|
|
July 13, 2018, 04:03:55 AM |
|
it's a good idea and I like the programs because at least we can announce bitcoin to many people so they can try to get involved with bitcoin. and I think with this program, bitcoin can grow more especially in Japan and I hope that there is any similar program in another country. but still, it is better to give an explanation about bitcoin by teaching the people and let them invest their money directly. |
|
|
|
|
Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
|
|
July 13, 2018, 06:31:23 AM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. Exchanges in Japan looks like banks, they applied KYC and AML regulations, so using a loan in BTC seems very similar when you use a normal bank's loan. The difference is that if you don't have incomes in BTC, you can have a problem with the exchange rate (e.g. if the BTC price goes to the moon, you have to pay back much more in fiat compared to the amount you have received in the beginning) based on this, their name (BitBank) and reading about them it seems like they are really trying to become a real bank but a bitcoin bank, maybe the first of its kind. it would be interesting to see how that turns out to be like though in a couple of years for instance. the first established bitcoin bank offering all kinds of services that a bank offers: loans, accounts with profit when you make a deposit, safety deposit boxes for storing your valuable physical stuff like paper wallets so it can even take smaller place, debit cards,... all of it is still against bitcoin and its decentralization but it would be interesting to see how it turns out. |
Only Bitcoin
|
|
|
|
bitart
|
|
July 13, 2018, 06:47:23 AM |
|
...
based on this, their name (BitBank) and reading about them it seems like they are really trying to become a real bank but a bitcoin bank, maybe the first of its kind. it would be interesting to see how that turns out to be like though in a couple of years for instance. the first established bitcoin bank offering all kinds of services that a bank offers: loans, accounts with profit when you make a deposit, safety deposit boxes for storing your valuable physical stuff like paper wallets so it can even take smaller place, debit cards,...
all of it is still against bitcoin and its decentralization but it would be interesting to see how it turns out.
Maybe it will be easier for them to operate a bank than we think now. When average joes will get in touch with bitcoin for the first time, they won't be comfortable with handling their own finances (have to store bitcoin safely, have to secure their IT stuff to increase the safety of their bitcoin, etc...), and if there will be a solution (a bitcoin bank) which does the same with bitcoin than other regular banks do with their fiat money, they won't think much and will use the bank. People are not accustomed to handle their own money nowdays, it needs education and practice... |
|
|
|
|
|
davis196
|
|
July 13, 2018, 06:54:11 AM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. Exchanges in Japan looks like banks, they applied KYC and AML regulations, so using a loan in BTC seems very similar when you use a normal bank's loan. The difference is that if you don't have incomes in BTC, you can have a problem with the exchange rate (e.g. if the BTC price goes to the moon, you have to pay back much more in fiat compared to the amount you have received in the beginning) This is kinda unfair.I wish the companies,who offer bitcoin loans to include something like a discount agreement attached to the loan contract.For example,if I borrow a 1 BTC loan and the bitcoin price increases by 50% I will payback 0.5 BTC+the loan interest rate.This will boost bitcoin adoption for sure. |
|
|
|
spadaccino
Jr. Member
Offline
Activity: 183
Merit: 2
|
|
July 13, 2018, 06:55:39 AM |
|
I didn't know that - first of its kind ?
Looks like many peolple try to rethink the whole economy becasue of crypto and this is good idea because corruption in the past times was the cause of bad situation.
And you'll always want to avoid that.
So good call for me.
See what will happen
|
|
|
|
|
KevenDabid
Member
Offline
Activity: 196
Merit: 10
|
|
July 13, 2018, 07:01:45 AM |
|
Japan has adopted strict rules to restrict the encrypted currency market. So there are actually very few tokens that can be traded in Japan.  |
|
|
|
|
bitart
|
|
July 13, 2018, 07:09:27 AM |
|
...
This is kinda unfair.I wish the companies,who offer bitcoin loans to include something like a discount agreement attached to the loan contract.For example,if I borrow a 1 BTC loan and the bitcoin price increases by 50% I will payback 0.5 BTC+the loan interest rate.This will boost bitcoin adoption for sure.
Let's say you have some bitcoins (e.g. 2 bitcoins which equals about $12,000 nowdays) and you want to give out loans. First, you give out 1 bitcoin for someone. You sign an agreement that he will pay back only 0.5 bitcoin if the price goes up 50%. Let's say the price moved up 50%. If you hadn't given out the loan, you would have got 2 bitcoins (worths e.g. $18,000) Becasue you signed that the borrower needs only to pay back 0.5 bitcoin, in the end you'll end up with 1.5 bitcoin (worths $13,500 plus a little interest). It doesn't seem a great deal for me to give out a loan with these kind of conditions... |
|
|
|
|
longwintershere
Jr. Member
Offline
Activity: 224
Merit: 1
“Revolutionizing Brokerage of Personal Data”
|
|
July 13, 2018, 07:09:46 AM |
|
borrowing is a cool system to attract people to crypto, especially from highly regulated crypto exchange like the ones in japan are. Very excited times in crypto are ahead of us  |
TRADE YOUR DATA ● PDATA TOKEN ● ─── OPIRIA.IO ───
██████████ [ PRE-SALE April 10th ] ██████████ |
|
|
Amokomowo2005
Jr. Member
Offline
Activity: 140
Merit: 1
https://eloncity.io/
|
|
July 13, 2018, 07:34:05 AM |
|
Its good but just hope some will not mis use the opportunity of the decentralized stuff by borrowing and failed to repay..
|
ELONCITY ❱ ❱ ❱ ❱ Power The world for FREE!
Public Sale Coming Soon │ https://eloncity.io/ |
|
|
|
audaciousbeing
|
|
July 13, 2018, 07:45:52 AM |
|
I had initially had my doubts about any service providers wanting to offer a lending service in crypto because of the issue of KYCs as those that have done that in the past are nothing to write home about due to the outcome of such service. But reading the through how they propose to achieve it, I am impressed at the mechanism put in place to achieve the desired result. The focus on strict account checking is one that is commended in that if you value your privacy so much, don't bother try to apply for the loan. Another is the interest they are promising on people who make deposits of 5BTC which is 3%. I feel that is something that can work compared to those who will promised ridiculous returns for lending your funds to in-existent customers. |
|
|
|
|
popelene1
Newbie
Offline
Activity: 168
Merit: 0
|
|
July 13, 2018, 07:58:34 AM |
|
This is good because it will encourage more of their citizens to join the use of blockchain technology by taking the opportunity and sees the benefits of the use..
|
|
|
|
|
Raggie
Member
Offline
Activity: 462
Merit: 10
|
|
July 13, 2018, 08:30:15 AM |
|
Cryptocurrency has been used around the world, so why not to be used as loan too ? This is the business opportunity for investors to investing their money on this loan project, and the opportunity to borrower to expand their businesses as well. |
|
|
|
|
|
warwar
|
|
July 13, 2018, 08:33:15 AM |
|
Cryptocurrency has been used around the world, so why not to be used as loan too ? This is the business opportunity for investors to investing their money on this loan project, and the opportunity to borrower to expand their businesses as well. Agree, in real life you will borrow a capital to start your business in real life, then this comes you can loan bitcoin to start also an online business or trading which could help you a lot. This is great idea to attract more people into bitcoin and also to engage more in the bitcoin. This is the best opportunity to the borrower to get profit from it. Hopefully that it could help it a lot of people out there. |
|
|
|
|
Marcommaso
Newbie
Offline
Activity: 49
Merit: 0
|
|
July 13, 2018, 08:42:52 AM |
|
Good news! Who do you think will be the target of this kind of loan? Todays btc its not wide adopted, so the common citizens, outsiders from crypto world, how can they spend their btc? ITs supposed to change in fiat?
|
|
|
|
|
previouslyabused
Jr. Member
Offline
Activity: 59
Merit: 2
|
|
July 16, 2018, 05:02:21 AM |
|
The use of a loan in BTC seems very similar when you use a normal bank loan. That's a good idea and I like the program because at least we can tell bitcoin to many people so they can try to join the bitcoin. But still, it is better to give an explanation about bitcoin by teaching people and letting them invest their money directly.
|
|
|
|
|
PsylockReborn
Member
Offline
Activity: 420
Merit: 24
|
|
July 16, 2018, 05:20:40 AM |
|
This is one way of getting the name out of crypto to the public but there are some risks in this kind of business for btc value is very volatile. I know that people in Japan are very trustworthy so no problems with the paying time of the lenders. The only thing that is the problem is the value of bitcoin which is very unpredictable. If someone will loan 1btc for just $5k and suddenly after a month the BTC will increase its value 2 times then the one who loaned it will be paying double for a BTC loan. This is the risk when it comes to loaning BTC. |
|
|
|
|
Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
|
|
July 16, 2018, 05:45:27 AM |
|
...
This is kinda unfair.I wish the companies,who offer bitcoin loans to include something like a discount agreement attached to the loan contract.For example,if I borrow a 1 BTC loan and the bitcoin price increases by 50% I will payback 0.5 BTC+the loan interest rate.This will boost bitcoin adoption for sure.
you are getting a loan in "Bitcoin" not in "fiat" so why should you pay it back based on its fiat value? also would you pay back 2 BTC+interest if the price fell down 50%? since it can go both ways. in my opinion, like any loan you should only consider how much you took in BTC not in fiat and then pay back that in BTC and that is completely fair. besides people usually take these loans to trade with so they are making profit on the bitcoin they took and in the future price will be a lot more stable so all this wouldn't matter. |
Only Bitcoin
|
|
|
Kakmakr
Legendary
Offline
Activity: 3430
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
|
|
July 16, 2018, 06:18:56 AM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. Exchanges in Japan looks like banks, they applied KYC and AML regulations, so using a loan in BTC seems very similar when you use a normal bank's loan. The difference is that if you don't have incomes in BTC, you can have a problem with the exchange rate (e.g. if the BTC price goes to the moon, you have to pay back much more in fiat compared to the amount you have received in the beginning) If this is true, then this is a terrible idea. People are already knee deep into debt and now they need to take loans on something that are very volatile.  I should think that the loan is only applicable on the fiat capital that were funded at the time of the transaction, by the Bank. <So on the date of the loan, you buy $10 000 worth of bitcoins and you only pay back that amount and not the increased value of those bitcoins> You would be stupid to pay back a loan on the basis that the loaned amount increased based on the price of Bitcoin. Last year the price increased by 800%+ |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
opendata
Newbie
Offline
Activity: 25
Merit: 0
|
|
July 16, 2018, 07:17:28 AM |
|
This is the very innovative idea for promoting bitcoin and really interesting if this kind of loan give peoples more confident to invest in bitcoins and they easily understand cryptocurrency if this type of exchange come again and start this kind of service then will be very good for bitcoin and cryptocurrency future.
|
|
|
|
|
|
hadveach
|
|
July 16, 2018, 08:13:56 AM |
|
this is a good idea, I think this loan system needs good assets and strategy. maybe the basic system can follow fast invest, FinTech company.
Its market capitalization is very good, and always growing well every year. many of the services we use are like consumers and capital owners can meet in one application.
|
|
|
|
|
|
arthotdog
|
|
July 16, 2018, 08:32:04 AM |
|
Good action from the Japanese cryptocurrency exchange bank since they are the crypto safe haven this is better for them to start or pioneer to let people borrow bitcoin with such small interests What i can tell rhere is follow this steps to all nations that has good policy about this coin so the crypto will boom on that particular country and same as the others |
|
|
|
|
avikz
Legendary
Offline
Activity: 3080
Merit: 1499
|
|
July 16, 2018, 08:36:05 AM |
|
So crpto exchanges are now thinking of working as a bank I see! I mean that's the basic methodology of a bank. Are they accepting deposits as well from the public or they are just lending the money they are earning from the exchange?? It is particularly good because it will help the adoption rate of bitcoin and increase the cash flow into the system. Which is really needed for the sustainability of bitcoin in long run. |
|
|
|
|
lumira555
|
|
July 16, 2018, 08:41:23 AM |
|
It is a creative idea to promote bitcoin
this is an interesting idea but whether it will be in demand will show time  |
|
|
|
kidsrock
Newbie
Offline
Activity: 280
Merit: 0
|
|
July 17, 2018, 06:01:19 AM |
|
I don't know about this idea because I never borrow bitcoin from another people or another third service. it is better to keep trying to earn bitcoin from many ways than to borrow because I think I cannot pay that bitcoin if somehow, I am losing much money. but if this is a good idea for many people then they can try this service and I hope that they can still make a profit and don't forget to pay the money you borrowed.
|
|
|
|
|
casternetwork
Member
Offline
Activity: 294
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
|
|
July 17, 2018, 12:00:22 PM |
|
I never underestimate Japan. For me, Japan is the strongest country. Japan will in the future be the number one economy in the world when Japan knows that Bitcoin is the future of this country.
|
Am I spamming? Report me!
|
|
|
|
cryptjh
|
|
July 17, 2018, 12:43:57 PM |
|
They lend you one Bitcoins if they can see from you history that you’re a trader with a big volume, the Bitcoins you lend can only be trade on their platform, where they get a small commission each time you do a trade, you can’t withdraw anything before you have paid them back first.
A number of stock tracings platform already do this with loans for stock trading.
I think this option is a good thing for their customers, but I’m not sure I would lend Bitcoins to go trade with them.
|
|
|
|
|
|
Asimmo
|
|
July 17, 2018, 12:48:31 PM |
|
Innovative idea, although it has some disadvantages. First: exchange rates, as banks/exchanges should exchange fiat in crypto and issue loans afterwards. Second: High volatility will result in high interest rates. Third: Collateral - what will be requested as collateral? real estate? or crypto coins? This will have influence on interest rate as well. |
|
|
|
|
sedihnya8
Newbie
Offline
Activity: 140
Merit: 0
|
|
July 17, 2018, 02:41:51 PM |
|
loans in bitcoin form? Japan is a very amazing country, we can borrow bitcoin and trade it. after a profit we can pay the bitcoin we borrow, a very good financial breakthrough |
|
|
|
|
|
bitart
|
|
July 17, 2018, 05:47:07 PM |
|
loans in bitcoin form? Japan is a very amazing country, we can borrow bitcoin and trade it. after a profit we can pay the bitcoin we borrow, a very good financial breakthrough Or, if you trade with loss, (if you use margin, for example...) and you have a margin call and your whole deposit is gone, you can pay back all the bitcoins you have borrowed from your fiat income (and if the exchange rate goes up, you will pay back much more than you borrowed... |
|
|
|
|
|
dupee419
|
|
July 17, 2018, 06:08:18 PM |
|
Well, since it is from Japan, I think that it'll be successful, not only because the project is made by Bitbank, but to also think that they are very clever and witty about this, Bitcoin loan is very unique, there are lots of theories about it and now they are making it happen, BTC-USD is a great form of loan, hopefully this comes out well.
|
|
|
|
|
|
DBronze98
|
|
July 17, 2018, 06:12:07 PM |
|
Using Bitcoin as a loan, is it a great option or stupid? If Bitcoin goes down, it would be great for the borrowers, and if it goes up, I believe the banks will make a significant profit. But surely Bitcoin will not go down, and it will come up, it's a great option.
|
|
|
|
|
nidacoinlove
|
|
July 17, 2018, 06:32:08 PM |
|
Well, since it is from Japan, I think that it'll be successful, not only because the project is made by Bitbank, but to also think that they are very clever and witty about this, Bitcoin loan is very unique, there are lots of theories about it and now they are making it happen, BTC-USD is a great form of loan, hopefully this comes out well.
I don't see it practical as for some of the time period the borrowed Bitcoin will be locked so can't do any activity with it, at least not trade. Those who are thinking that they will borrow on easy terms of BTC-USD pay back for trading purpose, this idea don't worth them. For some of the people like escrow it may work. But honestly speaking I don't like the idea of paying back into fiat, in both the cases if price goes up or down the only beneficiary will be bitbank. |
|
|
|
|
popsywura
Jr. Member
Offline
Activity: 112
Merit: 1
|
|
July 17, 2018, 06:35:05 PM |
|
This is welcome development to promote Bitcoin usage, I just hope it will not be limited to Japan alone. At least with adoption of KYC And AML they should able to render the service across.
|
|
|
|
|
|
n0ne
|
|
July 17, 2018, 06:48:05 PM |
|
Cryptocurrency loan through exchanges in a regulated manner makes the usage of bitcoin more effective. When loans were provided in the form of more people who haven't known about bitcoin will come to know about it. Such a service in Japan is not a big thing as it is already a major supporting country of cryptocurrency.
|
|
|
|
lumedeee02
Newbie
Offline
Activity: 209
Merit: 0
|
|
July 17, 2018, 09:10:58 PM |
|
This is another good news for crypto currency this will definitely make more people to know about bitcoin and this will surely help the price of bitcoin
|
|
|
|
|
|
Diced90
|
|
July 17, 2018, 09:15:13 PM |
|
Wow this is really an innovative strategy to promote bitcoin. Bitcoin has relatively gone so far on its mileage of achievement though there are many critics on it but still bitcoin continue to strive and prove its worth. Well i had enough loan on bank and i am not qualified on this even if they offer it outside on their country. Exchanges in Japan looks like banks, they applied KYC and AML regulations, so using a loan in BTC seems very similar when you use a normal bank's loan. The difference is that if you don't have incomes in BTC, you can have a problem with the exchange rate (e.g. if the BTC price goes to the moon, you have to pay back much more in fiat compared to the amount you have received in the beginning) If this is true, then this is a terrible idea. People are already knee deep into debt and now they need to take loans on something that are very volatile. I should think that the loan is only applicable on the fiat capital that were funded at the time of the transaction, by the Bank. <So on the date of the loan, you buy $10 000 worth of bitcoins and you only pay back that amount and not the increased value of those bitcoins> You would be stupid to pay back a loan on the basis that the loaned amount increased based on the price of Bitcoin. Last year the price increased by 800%+ I very much agree. This situation would only seem to aggregate and further complicate things at both ends. It would be best to agree on the BTC at the time of purchase + IR |
|
|
|
|
|
kastara
|
|
July 23, 2018, 11:59:59 AM |
|
japan is very receptive to the presence of this technology is so good that the Banks have an idea to provide BTC - USD loan is really amazing.
|
|
|
|
|
PinkCities58
Newbie
Offline
Activity: 26
Merit: 0
|
|
July 29, 2018, 10:23:58 AM |
|
What a news this is Its a very promising sign.
|
|
|
|
|
GoodLife68
Newbie
Offline
Activity: 27
Merit: 0
|
|
July 29, 2018, 10:26:36 AM |
|
Japan has made a strong regulation to btc. Only few legal btc owner will have the facility.
|
|
|
|
|
LocalZone09
Newbie
Offline
Activity: 27
Merit: 0
|
|
July 29, 2018, 10:28:55 AM |
|
This is good news for crypto currency.This will certainly make more people to inform about btc. It will also help to rise btc market.
|
|
|
|
|
RockLand97
Newbie
Offline
Activity: 27
Merit: 0
|
|
July 29, 2018, 10:30:58 AM |
|
Btc loan seems very similar with a normal bank loan.Good idea and I like the program because it will gather many people so they can try to join the bitcoin.
|
|
|
|
|
Ghypatt
Jr. Member
Offline
Activity: 135
Merit: 1
|
|
July 29, 2018, 10:39:30 AM |
|
It is a great initiative. It is always good to be the first to begin. Maybe, if this turns out to be a successful one, it will enhance most traditional banks to adopt Btc as well. But I think they need to implement more feasible policies to handle the volatility in btc prices and with that, they are good to go.
|
△ M!R△CLE TELE (https://miracletele.com/) ▌ BRINGING MAGIC TO THE TELECOM INDUSTRY ▐ |
|
|
Kertmu
Newbie
Offline
Activity: 182
Merit: 0
|
|
July 29, 2018, 10:50:40 AM |
|
Crediting in Bitcoin can become a pyramid, in case of its rise in price, therefore they give out 1 Bitcoin. |
|
|
|
|
rajkr
Newbie
Offline
Activity: 224
Merit: 0
|
|
July 29, 2018, 10:54:27 AM |
|
It will encourage other person for investing in BTC .It is just like other scheme of banking sector (PPF,stocks).Japan has already open its way for crypto currency earlier by making legal.
|
|
|
|
|
|
Thanasis
|
|
July 29, 2018, 11:04:10 AM |
|
It loos like the exchanges are trying to become the crypto banks I think.Offering the loan is good thing but I don't know how it become in the future.Anyway it is only for Japan citizen I think so it may not bring any big changes.
|
|
|
|
RoyEvan
Newbie
Offline
Activity: 8
Merit: 0
|
|
September 24, 2018, 08:33:55 AM |
|
Not only because of the project being implemented by Bitbank, but also thinking that they are very smart and witty about this, Bitcoin borrows very nicely, there are a lot of theories about it and now they are making it happen. Out, BTC-USD is a big form of lending, hope this comes out good. If Bitcoin drops, it would be great for borrowers, and if it goes up, I believe banks will make a substantial profit. This is a welcome development to promote the use of Bitcoin, I just hope it will not be limited to Japan alone.
|
|
|
|
|
|
vfrcbv911
|
|
September 24, 2018, 08:49:52 AM |
|
It's a great idea! I think that this will have a positive impact on the entire cryptocurrency industry.
|
|
|
|
|
OddEvenBets.com
|
|
September 24, 2018, 08:54:03 AM |
|
This good new for our community.
How think this is for Japanese people?
Will be good realize it in each country too.
|
███████████████████████████████████████
OddEvenBets - it's not my domain now! I lost it.
████████████████████████████████████████████████████████
|
|
|
|
Legendari
|
|
September 24, 2018, 08:56:30 AM |
|
I think that's a good sign. Trust in bitcoin is growing, even banks began to use it in their activities, which means bitcoin is developing and it has a great future.
|
|
|
|
kidsrock
Newbie
Offline
Activity: 280
Merit: 0
|
|
September 25, 2018, 05:44:40 AM |
|
It's a great idea! I think that this will have a positive impact on the entire cryptocurrency industry.
Although this is a great idea, you need to think how you can repay your loan especially if you are hard to make a profit from the crypto. We need to think about this because they will do many ways to make sure that we can pay them and I think you don't want to get into trouble because of that loan, right? So it is better to think twice before you want to use the loan so you can have another balance for anything you want. Make sure that you have a way to pay back the money at the end of the time. |
|
|
|
|
Helex
Jr. Member
Offline
Activity: 230
Merit: 1
|
|
September 25, 2018, 06:00:51 AM |
|
Japan is best country in the world, other countries should also follow the suite.
|
|
|
|
|
|
r32godzilla
|
|
September 25, 2018, 10:22:59 AM |
|
Already banks have started suffering by losing their revenue from transactions due to bitcoin.And now,bitcoin exchange has started to give loans in bitcoin and this is really a terrible issue for banks who already struggle to survive. |
|
|
|
WhiteGAN
Newbie
Offline
Activity: 34
Merit: 0
|
|
September 29, 2018, 12:55:04 PM |
|
When loans are offered in the form of many unknown people about the bitcoin will come to know about it. This is a good news for this electronic money will definitely make more people to know about bitcoin and this will definitely help bitcoin prices. News is a very promising sign of it.
|
|
|
|
|
|
ecnalubma
|
|
September 29, 2018, 01:12:36 PM |
|
Japan is the country of innovation, and this move is good. I love the way how they adopt and embrace crypto, the future of crypto in Japan is so bright unlike any countries no wonder they will become one of the leading countries in blockchain technology race. |
|
|
|
|
Radio-Active
Member
Offline
Activity: 523
Merit: 10
YOUC - https://www.youengine.io/
|
|
September 29, 2018, 02:56:46 PM |
|
I think offering loan is a good method to create public awareness to peoples in the world because there are always peoples who need the money from loan. If cryptocurrency can functioning like fiat bank, then crypto will be a good alternate currency for peoples in the future. |
|
|
|
EmmaBen
Jr. Member
Offline
Activity: 322
Merit: 1
|
|
September 29, 2018, 03:35:11 PM |
|
It is a welcome development, but the conditions to loan seem too stringent and can become a bottleneck to those interested in borrowing. Although, I understand this may be checks put in place to protect lenders' money.
|
|
|
|
|
|
0t3p0t
|
|
September 29, 2018, 04:10:51 PM |
|
This could be a very good start as an exchange that offers Bitcoin for loan purposes. This will also help those investors that has no enough capital to get deeper into crypto trading.I know that this kind of business will become more popular in the near future and hopefully will be adopted here in my country. Though loans are risky but still it will be that effective way of helping crypto enthusiasts. |
|
|
|
|
atariguy
|
|
September 30, 2018, 01:49:02 PM |
|
This is a very interesting idea, have long thought that soon will be the next:) the Future is coming:)))
|
|
|
|
|
|
CrimBit
|
|
September 30, 2018, 01:57:44 PM |
|
I think it's a good idea to attract more people into bitcoin and also to be more involved in bitcoin. Logically in real life, you will borrow capital to start your business, while lending bitcoin to start an online business or trading that can help you a lot. |
|
|
|
|
ned.ryerson
Full Member
Offline
Activity: 756
Merit: 101
Oikos.cash | Decentralized Finance on Tron
|
|
October 02, 2018, 02:59:02 PM |
|
I think this is not the most profitable loan that can be, because its price changes every day and if a person took a loan when he stood at$ 6,000 and he suddenly grows to$60,000.
|
|
|
|
|
fuer44
|
|
October 02, 2018, 03:04:53 PM |
|
it is a good and efficient step to increase investor interest both in small or large amounts to start investing in bitcoin. but my question is, exchange rate problems. for example, someone borrows bitcoin when the exchange rate to the dollar is $ 6000, then he can return in the next few months but the price of bitcoin has risen to $ 7000. then what must be returned is the estimated value of the dollar, or the estimated value of the bitcoin?
thanks for your answer.
|
|
|
|
|
sidodadii
Sr. Member
Offline
Activity: 597
Merit: 250
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
|
|
October 02, 2018, 03:08:34 PM |
|
i dont know, i never check it before. but its good if someone want to trade but he dont have any fund. its the best way to promote bitcoin itself. many people.can try it, but i dont know if someone loss their fund and maybe the can loss too.
|
|
|
|
|
|
﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈ |
██████████████████████
██████████████████████████████
██████████████████████████████████
████████████████████████████████████████
██████████████████████████████████████████
██████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████
██████████████████████████████████████████
████████████████████████████████████████
██████████████████████████████████
██████████████████████████████
██████████████████████
| |
|
|
|
WalletPlus
Copper Member
Jr. Member
Offline
Activity: 94
Merit: 1
|
|
October 02, 2018, 03:11:53 PM |
|
I think loans are pure evil and how will I pay it back, I mean what if I took 1 BTC loan for a year and the price drops heavily what amount do I payback? the bitcoin amount or the USD dollar amount  |
Money is power, and power loves money
|
|
|
AAKODI
Jr. Member
Offline
Activity: 205
Merit: 1
|
|
October 02, 2018, 03:26:10 PM |
|
It is great and I really like the concept but if you consider bitcoin's high volatility it is a major problem that we should think twice when applying a loan because in a way it maybe convenient for crypto community members but during price increases there is a high risk involvement when paying back the received amount so I think there are both cons and pros in the above |
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
xbossJ
Jr. Member
Offline
Activity: 278
Merit: 5
Invest and play
|
|
October 02, 2018, 03:36:29 PM |
|
This is an institution that believes in what $Bitcoin should, can and would be! this is a welcome development for bitcoin! I just hope people won't abuse the opportunity! I also hope the have the right mechanism in place to ensure lenders repay when they should, because some people might want to take this opportunity to mean free bitcoin gift! I also hope to see upcoming and existing exchanges without this service, tow the same path! People can take advantage of this offering to gain money for their other investments that find financing difficult.
|
Faireum.io Pre-Sale: 25 March 2019
──── Invest / Play ...Or why not both? |
|
|
realcrypto
Member
Offline
Activity: 476
Merit: 12
|
|
October 02, 2018, 03:58:14 PM |
|
Naturally I don't like taking loan, I leave within the limit of my income. It sounds simply to have a bitcoin loaning platform, making it effective and realistic will be difficult due to the fluctuation in price.
|
|
|
|
raymond013
Newbie
Offline
Activity: 35
Merit: 0
|
|
October 06, 2018, 01:36:42 AM |
|
I think that's a good sign. Japan is the best country in the world, other countries should follow suit. This is a good news for this electronic money will definitely make many people aware of bitcoin and this will definitely help bitcoin prices. It is a welcome development, but the loan conditions seem too strict and may become a bottleneck for those interested in borrowing money.
|
|
|
|
|
rosemary4u
Jr. Member
Offline
Activity: 392
Merit: 1
|
|
December 04, 2018, 10:05:03 AM |
|
I think that's a good sign. Trust in bitcoin is growing, even banks began to use it in their activities, which means bitcoin is developing and it has a great future.
Loans in cryptocurrency is relative since you might end up buying more or less than the amount you originally took. Due to the volatile nature of cryptocurrencies, it would be very difficult for most individuals to make use of the lending and borrowing system with such initiatives. |
|
|
|
|
nicko122
Jr. Member
Offline
Activity: 462
Merit: 1
|
|
December 04, 2018, 10:52:04 AM |
|
The idea is interesting and innovative in the field of cryptocurrency, but it is not entirely clear how such a loan can be calculated taking into account the constant change in the price of Bitcoin. |
|
|
|
|
|
Mondinic
|
|
December 04, 2018, 10:59:15 AM |
|
wow! is this going to be a good start for BTC, hopefully so more countries will start new programs related to bitcoin, maybe it will make the price of bitcoin go up in the market for now and so on, I hope the good news will continue to come instead of news bad about btc and other altcoins. still hold your coin bro, don't be consumed by the ambition to sell it too early. |
|
|
|
|
automaticmoney
Member
Offline
Activity: 420
Merit: 18
|
|
December 04, 2018, 06:13:13 PM |
|
This is positive news regarding cryptocurrency industry loan is kind of trust every financial business need hopefully these kind of services may get added in most of the countries
|
|
|
|
|
Escf4
Jr. Member
Offline
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
|
|
December 04, 2018, 07:32:02 PM |
|
Even what form of business that is affiliated to bitcoin and cryptocurrency ,we will be glad to hear about this because it is still a kind of promotion which is part of the cryptocurrency , and it is good for the cryptocurrency organization worldwide.
|
GIGZI - INDEPENDENT WEALTH MANAGEMENT
www.gigzi.com |
|
|
Sandus_Cryptolover
Jr. Member
Offline
Activity: 482
Merit: 3
|
|
December 04, 2018, 07:39:12 PM |
|
This is a great idea towards development of the cryptocurrency community. With such wonderful innovations, we are closer to the expected dream.
|
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
kotwica666
Legendary
Offline
Activity: 2282
Merit: 1035
|
|
December 04, 2018, 08:54:36 PM |
|
It's very nice that we have another financial instrument on the market, but I can not imagine that someone would be so irresponsible to take a BTC loan at the moment. In such an unpredictable market, taking such a loan is more risky than playing in a casino.
|
|
|
|
bitfocus
Member
Offline
Activity: 532
Merit: 15
|
|
December 05, 2018, 08:13:54 AM |
|
Creative and exceptional idea!
|
|
|
|
|
|
bvg96634
|
|
December 19, 2018, 05:52:53 PM |
|
That’s interesting idea. What is really good about it that they are about to include other crypto currencies, not just btc.
|
|
|
|
|
tunapa
Jr. Member
Offline
Activity: 667
Merit: 1
|
|
December 19, 2018, 07:47:31 PM |
|
Cryptocurrency loan seems to be one of the trending things and it's increasing from time to time. This is really one aspect that will propel this space into real world. This is a good news. I hope it will be sustainable and really benefiting to the general world.
|
|
|
|
|
|
mahibul49
|
|
December 19, 2018, 08:07:32 PM |
|
after hearing this news i am feeling pretty good bcz its an innovative strategy to promote bitcoin.japan is ofcourse a country where always they can make good strategy to promote bitcoin.
|
|
|
|
|
anaumar
|
|
December 19, 2018, 08:35:31 PM |
|
the more developed bitcoin anywhere it will certainly affect the global so it certainly will make bitcoin more developed and more people will learn about the systematics of bitcoin then the effect of that can also raise the price of bitcoin
|
|
|
|
|
