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Author Topic: BANKS offers LOANS.  (Read 477 times)
justspare
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September 11, 2018, 07:28:37 PM
 #61

edited: (changed from question to statement)
If the Banks where about to give a service where the people can get a LOAN via Bitcoins I guess, it would be beneficial to all of us,The Banks and The Traders.
I think with this, trading would be a lot more easier, am I wrong?
You're wrong. Just look around there are a lot of banks not allowing crypto-fiat exchange, what's more loaning people for crypto? Besides the idea of loaning just for trading is not the best strategy because of the risk. I wouldn't recommend it. Just imagine if you borrow money from someone and invest it in the beginning of the year? You will be having a hard time to pay because we suddenly goes on a bearish trend.
Yes. It is still a very volatile market and for one thing, I am sure no bank will even want to be taking such a risk which is why they are in a higher percentage not be able to withstand the idea of decentralization.

Maybe over time when things change and we get to start seeing real life usage, more demand, less volatility towards the downside and so on, I guess we might things change, however, we also have to consider the aspect where the deflationary side of bitcoin might end up making it more of an asset than a currency, hence, the speculative nature.

Hence, I do not think, banks offering loans in bitcoin would really make any better impact as well.

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September 11, 2018, 08:44:56 PM
 #62


Yes. It is still a very volatile market and for one thing, I am sure no bank will even want to be taking such a risk which is why they are in a higher percentage not be able to withstand the idea of decentralization.

Maybe over time when things change and we get to start seeing real life usage, more demand, less volatility towards the downside and so on, I guess we might things change, however, we also have to consider the aspect where the deflationary side of bitcoin might end up making it more of an asset than a currency, hence, the speculative nature.

Hence, I do not think, banks offering loans in bitcoin would really make any better impact as well.
That is right, they are not going to offer loans for bitcoins as a collateral so for sure we will just need to have at least holdings of what we do have currently and make it an investment for our future, time will come when all the coins will be a million worth in the future especially bitcoin so don't waste your time and investment, make a wise decision.
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September 11, 2018, 08:57:15 PM
 #63

Credits are not very good.  Better to live within your means.
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September 11, 2018, 10:37:52 PM
 #64

the service mechanism will be faster and better because blockchain is global or decentralized. the level of trust will also be high and if the agreement is very clear escrow is no longer needed
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September 11, 2018, 11:35:35 PM
 #65

Loans plays a big role in banking industry. In this part of their money cycle is where they are making there money through the interest given. Every component in that cycle has different percentage included.
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September 11, 2018, 11:35:54 PM
 #66

edited: (changed from question to statement)
If the Banks where about to give a service where the people can get a LOAN via Bitcoins I guess, it would be beneficial to all of us,The Banks and The Traders.
I think with this, trading would be a lot more easier, am I wrong?
Escrows will have an easier way to get money from other individuals, and the budgets for the Campaigns will be a lot more than before.
This is impossible to happen that the bank and the bitcoin(crypto) can work together since bitcoin is digital it is hard for them to trace back which better. This way of getting collateral in having a loan on the bank is very risky for them because this crypto was very volatile and no stable value that we compare to fiat and bitcoin is a decentralized while on other hand bank is centralized, they like water and fuel that it won't work together. Let's not assume on this that surely it will not happen near in the future.

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September 12, 2018, 01:55:10 AM
 #67

I ever witnessed one bank to offer a loan and you can't imagine the interest they charged on that loan. This makes me not interested to make request for loans anymore.

So true, their interest is insanely high and instead you can pay them easily you're like digging your own graveyard. Just forget the loans, and banks are hater of cryptos and so they won't allow any involvement into it especially the idea of using it as collateral, it's a big NO for them.

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September 12, 2018, 02:53:31 AM
 #68


Yes. It is still a very volatile market and for one thing, I am sure no bank will even want to be taking such a risk which is why they are in a higher percentage not be able to withstand the idea of decentralization.

Maybe over time when things change and we get to start seeing real life usage, more demand, less volatility towards the downside and so on, I guess we might things change, however, we also have to consider the aspect where the deflationary side of bitcoin might end up making it more of an asset than a currency, hence, the speculative nature.

Hence, I do not think, banks offering loans in bitcoin would really make any better impact as well.
That is right, they are not going to offer loans for bitcoins as a collateral so for sure we will just need to have at least holdings of what we do have currently and make it an investment for our future, time will come when all the coins will be a million worth in the future especially bitcoin so don't waste your time and investment, make a wise decision.
I think the bank might offer a loan of money with bitcoin, but the loan standard is not based on bitcoin but on dollars or fiat. you
can't borrow 1btc or 2btc but you can borrow with $7,000 then accumulate to bitcoin? maybe that will happen in the future?

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September 12, 2018, 02:55:37 AM
 #69

Well, almost all banks in our country offers loans,  they even use credit cards to encourage people to apply for loans and pay according to terms. Now maybe in the future Banks also offer loans for crypto well we don't know but there is a possibility if it is now our money.

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September 12, 2018, 03:01:18 AM
 #70


how if you loss your fund? all of your loan loss in a single click?
bank will think twice before they give you loan in bitcoin, and they will distinguish between bitcoin and fiat. so if you want to trading use bitcoin, you still receive fiat. now, are you sure bank will give you money if the reason is loan money for trading?

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September 12, 2018, 04:01:22 AM
 #71


how if you loss your fund? all of your loan loss in a single click?
bank will think twice before they give you loan in bitcoin, and they will distinguish between bitcoin and fiat. so if you want to trading use bitcoin, you still receive fiat. now, are you sure bank will give you money if the reason is loan money for trading?
to loan at the bank, of course there are requirements that must be met. and there is collateral for loan guarantees, i don't think it's a problem with the use of the loan, as long as we have a good name in bank

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September 12, 2018, 04:55:15 AM
 #72

Banks take very big even huge percents. It's better and profitable to get loans throug new crypto platforms like Libra Credit or Nexo with small percents.
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September 12, 2018, 04:57:20 AM
 #73

however, I think that borrowing is not good. well, I'd better try to find the best I can compared to borrow a large amount to make a profit. Well, I think the results won't be satisfying if we have to produce something big with borrowed money.

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September 12, 2018, 05:05:02 AM
 #74

Banks, especially public ones, will never issue loans in bitcoin. For them, this is too much risk. The large price volatility of bitcoins serves as the main obstacle for banks not being interested in bitcoins for issuing loans or for depositing them. Private banks can still take a risk in this regard, but I doubt it.

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September 12, 2018, 05:27:01 AM
 #75

edited: (changed from question to statement)
If the Banks where about to give a service where the people can get a LOAN via Bitcoins I guess, it would be beneficial to all of us,The Banks and The Traders.
I think with this, trading would be a lot more easier, am I wrong?
Escrows will have an easier way to get money from other individuals, and the budgets for the Campaigns will be a lot more than before.

the idea is great but i dont see much benefit for the traders, we cannot trade using borrowed money, since bitcoin is unstable in price, that is too risky, it is like borrowing money then you will try to use it as capital to do business, sounding much like an ICO turning into scams because they didn't meet their target projection, it is too risky, and i think some ICO are already doing those borrowing thing and ended up with no funds, it is a double jeopardy to me.

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