Cryptocurrency lending business.

[millgates]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

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[cizatext]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

You are right the risk level of crypto lending is very high even higher then the risk we face investing in crypto it self, because in doing the lending business we will be needing an escrow and also a collateral which in most cases in crypto lending is your cryptocurrencies such as our tokens and coins which may be taken from us if we failed to meet up with the lending conditions.

[Mishael]

The bitcoin lending business will have a higher risk than we know, so this will be a lot of losses. So this business is better avoided because it is indeed anonymous and without guarantee this is not possible. I think there will be many investors who are disappointed and lost, it seems difficult to be able to trust each other.

[Yusuf77]

It is difficult to say something now, since it is something new in business. Yes, and how it is generally adjusted, it is not clear. It is necessary to follow this and study.

maybe it can only be done by a group of people or a community that uses crypto currency only because the crypto currency in my country has not been fully usable or has not yet been formalized as an official currency, can a loan be possible

[Hamphser]

Bitcoin lending business is always been profitable but this would depend on how a certain lendor would able to handle the business well.This doesnt depend on bitcoins price
since you can lend amounts basing on usd amount but with volatility as of this moment you can still possibly earn or accumulate bitcoin.
The only important thing is that you would able to make interest out of your money but be sure to avoid scammers and selecting good payors.

[Argoo]

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

Bitcoin loans or simply called bitcoin lending are now become popular simply because of many people who want to have that. In this forum you can see a lending thread where you can borrow some bitcoin but it need collateral for assurance that you will pay.

I generally avoid any loans and try to do without them, because I consider them a debt pit, from which it is very difficult to get out later. Only a profitable and sustainable business justifies the receipt of loans. Credits in cryptocurrency are doubly risky.

[omonuyak]

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

It is good but you have to used good escrow and put Alot of security in place in other to be able to secure your funds.  Learning services is good if the customer are ready to pay back.

[n0ne]

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

Bitcoin loans or simply called bitcoin lending are now become popular simply because of many people who want to have that. In this forum you can see a lending thread where you can borrow some bitcoin but it need collateral for assurance that you will pay.

I generally avoid any loans and try to do without them, because I consider them a debt pit, from which it is very difficult to get out later. Only a profitable and sustainable business justifies the receipt of loans. Credits in cryptocurrency are doubly risky.

It is good to live without any debt, once we borrow and get debt we're ruining ourselves. Better is to stay happy and limit according to the earning. Cryptocurrency network is now getting onto the loans through different ico programs. Till date what we have for long term profiting through lending is very small.

[okala]

The crypto lending business is a very profiting venture and in recent time it has become very popular and at that we need to know it risks, most especially the when we have to do the collateral with another crypto tokens or coin which will be sized when one can not meet up with the lending terms.

[shoreno]

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

Bitcoin loans or simply called bitcoin lending are now become popular simply because of many people who want to have that. In this forum you can see a lending thread where you can borrow some bitcoin but it need collateral for assurance that you will pay.

I generally avoid any loans and try to do without them, because I consider them a debt pit, from which it is very difficult to get out later. Only a profitable and sustainable business justifies the receipt of loans. Credits in cryptocurrency are doubly risky.

It is good to live without any debt, once we borrow and get debt we're ruining ourselves. Better is to stay happy and limit according to the earning. Cryptocurrency network is now getting onto the loans through different ico programs. Till date what we have for long term profiting through lending is very small.

Yes  . thats true , many people suffer from the debts and im one of them . so far we still pay for our debts  . we sell some our appliances just to pay the due but those are not enough because until now we are still continue paying   .   debts can be helpful but debts can also make your life more miserable than before  .

Here in crypto , lending is now becoming more popular but i already learnt my lesson  . i wont lend no matter how i badly need the cash  .  i will only work hard to save money  .

[Fabienne_ayy]

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

Cryptocurrency loans are emerging as an increasingly viable alternative to borrowing fiat. that's actually good, don't see anything to be worried about

[ethereumhunter]

The crypto lending business is a very profiting venture and in recent time it has become very popular and at that we need to know it risks, most especially the when we have to do the collateral with another crypto tokens or coin which will be sized when one can not meet up with the lending terms.

But it still too risky to lend or borrow from someone. If we lend from someone, we need to think about we are going to pay him if suddenly we cannot make money. And for the borrower, we risk some money to other people which we don't know if he can pay back or not.

But still cryptocurrency lending business was a profitable business for us if we know how it works.

[bitbunnny]

Cryptocurrencies lending might look like very profitable businesses but it's not that simple as it looks like. It's still risky and this area isn't regulated enough so there is a risk of loss and potential scamers.
But cryptocurrency lending market is growing because many people find it as a better way than lend fiat money from banks. So, it has great potential but risks need to be mitigated.

[pungopete468]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

The risk in terms of value and also if we are based on the value of bitcoin, there will be parties who are disadvantaged. so the loan must be based on USD which is still not fluctuating and interest can be clear

[markdario112616]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

Double risk is equals to double reward when succeeded however there is a huge chance of losing so much. I'd just rather invest on trusted coin especially high market capitalized coins than borrowing coins then hold it after a certain time and interest grow also, you'll just run after to it.

That "double risk to double reward" quote, never thought ill never see or hear that. Though, I'd agree to that quote it's widely used by some hardcore investor and etc. In connect to Lending business, well TBH this is one of the most risky business to engage with, as the ROI is quite unsure at first and to gain good reputation would be a challenge.


This Crypto lending (as for me) is really good line of business. Though, the only thing that bothers me is giving out my trust to unknown people. (Which is the only thing I dislike, To TRUST! Haha) but as time passed by for sure this type of industry would literally be very visible. As of now, There are only a few who are into to this type of business.

[kyucryp]

In my opinion. nowadays it is not right if crypto currencies are made into commodity loans such as fiat currencies. Crypto currencies do not have definite value provisions. so that one party will be harmed. if the crypto currency weakens, the lender will be disadvantaged because the crypto value is different from when the agreement was made.

[Wexnident]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

Double risk is equals to double reward when succeeded however there is a huge chance of losing so much. I'd just rather invest on trusted coin especially high market capitalized coins than borrowing coins then hold it after a certain time and interest grow also, you'll just run after to it.

[TheUltraElite]

The risk in terms of value and also if we are based on the value of bitcoin, there will be parties who are disadvantaged. so the loan must be based on USD which is still not fluctuating and interest can be clear

Most of such loans if done will be based on the amount of bitcoin being issued and not the USD value of the loan. If the USD value was taken then the borrower is being given an advantage. That would be bad for the lender who is the businessman in this case. They will always try to get back whatever bitcoin they lent and interest in bitcoin. If bitcoin prices drop then it is helpful for the borrower but then again the lender is not in loss at that time if they know how to leverage the risk and themselves if the lender is a long term holder.

This is good for a small cap p2p lending shop. Bigger projects have failed which I witnessed myself the only one being up till date is Debitum. I would not recommend investing in them though. Just mentioning it here. Its price has also dropped a lot.

[xvids]

I don't think that it would be a good business,
First people are greedy specially in crypto currency people would just scam you,
They could send some fake proofs like fake ID just to get the loan so becareful.

[gabmen]

Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.

Double risk is equals to double reward when succeeded however there is a huge chance of losing so much. I'd just rather invest on trusted coin especially high market capitalized coins than borrowing coins then hold it after a certain time and interest grow also, you'll just run after to it.

Yeah, lending in regular fiat have already cost lenders a lot of money so what more if the currency that will be dealt with is less regulated than the dollar. Yeah it given that the returns would likely be worth the risk but hey, it's a gamble that obviously a lot of us are not willing to take.