BANKS offers LOANS.

[South Park]

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.

Lending will have to change in order to function under bitcoin, the loans with interest rates are justified under the current system where the government prints a significant amount of money, in my opinion if there is going to be lending in bitcoin the interest rate needs to be only the inflation rate of bitcoin during that period or else that will be usury.

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[The Sceptical Chymist]

This is a valid issue, one worthy of discussion IMO.

Banks aren't into crypto right now.  That could change with time, of course, but at present they don't see a huge demand for crypto loans.  If you look at the lending section on the forum, it kind of looks like most of the loan requests are just scam attempts.  When people need money, they generally need fiat.  If you need a small business loan or a mortgage, you're not going to need bitcoin for that since everything you need to start a business or buy a house can't be purchased with bitcoin.

I suspect that of the legitimate loans on bitcointalk, most are taken out for gambling purposes, and there are probably some for dark market goods as well.  There's no way a bank is going to touch those kinds of loans--not even with valid collateral.  Frankly I don't think your average bank is ever going to provide crypto loans for those reasons.

I also think that banks would end up mostly getting stuck with whatever collateral they got.  I base that on observations on the quality of borrowers here, most of whom seem to never have the intention of paying the lender back.

[junglist.massive]

Normally a smart trader won’t loan for trading, especially loans crypto that known for its volatility. It will only increase the risk for trader, unless there are some cases of traders who have fixed prediction of the price movement, but they usually borrow from a friend.

[EddyGameta]

It will only benefit the bank, while traders will be disadvantaged, especially if the demand on the coin rises with the popularity of lending increased. If many new traders try their luck or in other words don’t have enough knowledge, they will only become a snack for the bank that will become fatter.

[aoihs00]

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.

I guess with this model we have got the lending techniques in the crypto world itself and it just works fine. Also most of the escrow service providers are getting the money from such services only.
Now coming to the statement of yours where you are claiming people getting loans from the banks, I dont think its true. In fact there is no single bank that exists based on the crypto currencies. In addition to this traditional banks wont allow to give away the loans in terms of crypto because this model is not gonna work up here.

[RudeeTam]

I find it problematic in some ways since first, will it be taken as loan in bitcoins or the equivalent price in fiat? With the volatility of bitcoin's price, it would be too risky to take them in fiat value.

[peter0425]

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.

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.

I don't get the escrows thingy. That's why its called Budget, campaign managers need to assess and do the work within the allotted funds given to them. No more, no less.

[Sum24]

It will only benefit the bank, while traders will be disadvantaged, especially if the demand on the coin rises with the popularity of lending increased. If many new traders try their luck or in other words don’t have enough knowledge, they will only become a snack for the bank that will become fatter.

You could be right but I think if we will invest our loan into something beneficial we will get more benefit and all income will be our own, so it is good to invest our money even if we take it as loan, for me getting profit is like we will be able to save our money as well as we can make more investment as it has wide network, people invests and make properties so same as them it is good chance for me I will invest my loan.

[Indrawan77]

It got the good side and the bad side, the good side is it can increase the fame of bitcoin and it can help the economics, but the bad side is you need to submit your identity, which makes no different to loan using fiat, and then with the volatility it may increase the amount of money that the people borrow, so I don't really see this as a good improvement

[chocolah29]

If I were you, you shouldn't be considering borrowing money from banks since they're so wise as you can think of and they always made sure that they will get something more than anything and cryptos aren't they thing. Being volatile is a big factor that's why they didn't acknowledge cryptos as an asset, so since it isn't an asset they won't accept it as collateral.

They need more tangible as gold to be able get a loan. Honestly, if you can stay away from lending money please do, just utilize your earning and wait for it to grow rather than paying huge interest.

[coinplus]

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.

Unfortunately the loan business in bitcoin is a highly sensitive subject, will you get interest in bitcoin ?
Will you try to make sure they get bitcoin but pay in dollars? What will the interest rate be? How much of a increase or decrease can you handle in bitcoin price ?

In the end if people took out loans in bitcoin and lose it, making it back is a lot harder than it looks if they are trying to gather it back in dollars and the price of bitcoin goes up.

There was a Turkish investor who took funds from people in bitcoin and used it for trading and when he lost it during the crash he failed to pay them back because bitcoin went in price so much that it was impossible for him to pay back.

[cfif123]

It will only benefit the bank, while traders will be disadvantaged, especially if the demand on the coin rises with the popularity of lending increased. If many new traders try their luck or in other words don’t have enough knowledge, they will only become a snack for the bank that will become fatter.

really what you say, and if my advice is better do not borrow money from the bank if only for investment or trading in the crypto world, because there are other ways to get money to trade and investment such as participating in campaign bounties you can get money for trading capital

[Eigig]

The bank offer loans , this is the income generated offers of the banks in order to gain income ,to pay the clients interests of a bank, it offers variety of loans ,to the people who wants to avail to the oppurtunity to own house and lot ,cars and other loans through this banks offer.

[jossiel]

That's not a good idea to take loans for bitcoin. But it would be amazing if a bank would start offering that, it only means that adoption is increasing and they are considering bitcoin as something big to contribute for their business.

But,

I'm not going to take a loan for bitcoin or a bitcoin loan from the bank. We know on how much interest they are adding on it.

[wahyu wida]

It will only benefit the bank, while traders will be disadvantaged, especially if the demand on the coin rises with the popularity of lending increased. If many new traders try their luck or in other words don’t have enough knowledge, they will only become a snack for the bank that will become fatter.

really what you say, and if my advice is better do not borrow money from the bank if only for investment or trading in the crypto world, because there are other ways to get money to trade and investment such as participating in campaign bounties you can get money for trading capital

i think that is very risky. many Americans do it. do not know how it is now, by looking at the price of a depressed bcc. of course their psychology is very disturbed. Hopefully prices will get better soon

[paulspider]

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.

[shelemiah31]

Banks really are offering loans because they also gain profit.It is their way of attracting people who are struggling financially.Though process may take long however through this,they earn the trust of their customers.

[Gadhoh]

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.

a very good movement when banks and bitcoin can work together because many say when bitcoin is increasingly popular, banks are no longer needed, but if the situation is like this, the bank might never be replaced.

[indrakusumaindra]

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.

Well its true but you should understand the nature of businesses that bank do. Its hard to determine how much value people should pay cause bitcoin has a very volatile value and i think the risk is really high and i was work as a banker lending in bank and believe me bank dont like to have a high risk in the loan that they give to people. So i dont think bank would do such things. But maybe bank could lend a stable coins such as tether.

[t3m4nc0k]

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.

this is indeed the case if we borrow from the bank and of course that will be more burdensome to the bank's customers. so it's better if you want to do trade or investment you should not go to the bank to make a loan with just the money we have, so there is no risk of bill payment