sheenshane
Legendary
Offline
Activity: 2394
Merit: 1215
Cashback 15%
|
|
February 18, 2019, 07:26:00 PM |
|
The business model is new in the fact that rules and regulations about, it is really hard to comply. There are lots of things to consider and needs more decisions to be executed. Imagine borrowing bitcoin at a low price and it grew at higher rates. You will have the liability to pay the debts from the interest + the rate hike.
Although bitcoin lending business has its pros, cons also are there. It's really hard to let people borrow coins. But lending bitcoins were practiced since day one. The community were helping each other and letting the members borrow from another and it worked well.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
|
|
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
PuertoLibre
Legendary
Offline
Activity: 1834
Merit: 1003
|
|
February 18, 2019, 07:42:45 PM |
|
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here. Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet. But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans. Forex trading is not easy as it seems and you need at least 3 years of experience for being profitable trader with proven track record. Lending with cryptos can decrease traditional loan requests but main problems exist because of collateral which doesn't have stable value/loan amount.
|
|
|
|
Silberman
Legendary
Offline
Activity: 2506
Merit: 1332
|
|
February 19, 2019, 05:40:23 PM |
|
Cryptocurrency lending business is really risk involved, and it requires a development of increased trust to profit through the lending business. There were very few firms that provide lending services. Poloniex seems to be the one in the market that has got good trust rating. Even through the forum there are people providing the service with increased trust.
The problem with lending cryptocurrencies is not on the side of the lenders, most of them are honest and they state their requirements upfront, the problem comes from those looking for loans, look at the lending section of the forum and you will see newbies every day trying to get a loan by telling a sad story about why they need the money and why they have no collateral.
|
|
|
|
GunsLair
Jr. Member
Offline
Activity: 644
Merit: 1
|
|
February 19, 2019, 07:42:29 PM |
|
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
|
|
|
|
cahbagus555
Member
Offline
Activity: 756
Merit: 12
|
|
February 20, 2019, 09:36:28 AM |
|
Cryptocurrency lending business is really risk involved, and it requires a development of increased trust to profit through the lending business. There were very few firms that provide lending services. Poloniex seems to be the one in the market that has got good trust rating. Even through the forum there are people providing the service with increased trust.
The problem with lending cryptocurrencies is not on the side of the lenders, most of them are honest and they state their requirements upfront, the problem comes from those looking for loans, look at the lending section of the forum and you will see newbies every day trying to get a loan by telling a sad story about why they need the money and why they have no collateral. The problem with lending bussiness in cryptocurrency is regulation. If not regulated, interest rate must be more higher than banks beside that, its about the identity or security of fund
|
|
|
|
umbara ardian
Sr. Member
Offline
Activity: 1344
Merit: 259
Tontogether | Save Smart & Win Big
|
|
February 20, 2019, 09:47:54 AM |
|
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
I think it's still a possibility, because if there are still many who don't support bitcoin and don't support blockchain technology, in my opinion it won't make the future of cryptocurrency good, we must support the development of cryptocurrency for a better future.
|
SUGAR | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | | | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | ███████████████████████████ ███████████████████████████ ██████ ██████ ██████ ▄████▀ ██████ ██████▄▄▄███▀ ▄█ ██████ ██████████▀ ▄███ ██████ ████████▀ ▄█████▄▄▄██████ ██████▀ ▄███████▀▀▀██████ ██████ ▀▀▀▀▀▀▀▀▀ ██████ ██████ ██████ ███████████████████████████ ███████████████████████████ | . Backed By ZetaChain | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
|
|
|
Chikitita2004
|
|
February 20, 2019, 11:25:09 AM |
|
I remember this Nimfamoney platform that conducted ICO more than two years ago. They are a crypto-lending platform. At first I’ve heard a lot about the project, with very good objectives but then their token right now is not in use and must changed to another token. i don’t know what had happened to the platform. If there will be more crypto-lending platform, with the current bearish season, I dont know if they will be successful.
|
|
|
|
D3m1r4wanti
|
|
February 20, 2019, 12:14:54 PM |
|
it seems that this is an extraordinary business breakthrough in the field of crypto currency, with the existence of a loan business like this eating the economy will also grow better by using crypto currencies. although all risks that are owned by crypto currencies will be in line with the business.
|
|
|
|
deppil
|
|
February 20, 2019, 01:04:12 PM |
|
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here. Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet. But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans. I think it's still a high risk, in any online world can be manipulated including identity data. yeah this business is indeed profitable and tempting. but you have to tighten the approval process in lending, try to provide a more expensive collateral
|
|
|
|
shinharu10282016
|
|
February 20, 2019, 02:19:44 PM |
|
It is a great business now that we are having a great timing right now considering how the market is rising. But it will be a bit of a problem since scams are rampant. Even ICOs are failing.
|
|
|
|
solarion
|
|
February 20, 2019, 02:27:27 PM |
|
It is a great business now that we are having a great timing right now considering how the market is rising. But it will be a bit of a problem since scams are rampant. Even ICOs are failing. This resemble a substantial scale loaning administration with flawless insurance. It isn't equivalent to that we clients get past exchange cum lender Polenix or through our discussion from believed clients utilizing escrow administrations. Relatively the loaning business have diminished a great deal than the previous days as it hasn't produced huge income as the market variance is enormous.
|
|
|
|
carlfebz2
|
|
February 20, 2019, 02:35:00 PM |
|
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here. Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet. But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans. I think it's still a high risk, in any online world can be manipulated including identity data. yeah this business is indeed profitable and tempting. but you have to tighten the approval process in lending, try to provide a more expensive collateral No investment is totally safe or risk free specially with lending business.This is very profitable but if you do able to handle the risk and manage this business carefully.If you even just handle or lend 3-4 people for monthly lend basis then it is already a good start up but you do always remember that asking for valid collateral is a must so that incase someone do scam or didn't pay you out you do still have the chance to pull out some amounts on the capital.
|
|
|
|
twostepsally
|
|
February 20, 2019, 02:36:16 PM |
|
To be sure another way and strategy to profit through crypto in spite of the fact that it is still method to ahead of schedule to reason that this technique is suitable and productive reason advanced monetary standards are verified and scrambled and can ensure its clients secretly however perhaps later on businesspeople and institutional financial specialists may have answers for this issue.
|
|
|
|
Supercrypt
Legendary
Offline
Activity: 1554
Merit: 1054
|
|
February 20, 2019, 07:56:37 PM |
|
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
|
|
|
|
rosmerius
Member
Offline
Activity: 490
Merit: 11
Revolutionizing Crypto Payment Solutions
|
|
February 21, 2019, 01:34:59 AM |
|
The loan business in crypto, at first it seemed crowded and many people were willing to get it, but the level of trust was weak, so the application of the loan business in crypto is currently not getting much response.
|
|
|
|
karloscimot
Member
Offline
Activity: 518
Merit: 14
|
|
February 21, 2019, 02:03:29 AM |
|
if we now trade then selling is the wrong choice. because prices now show a decline, then if prices are low then buying is the right choice. we must be able to make the right decision if we still want profit and we can avoid losses. we don't buy on a large scale either. it's better if we invest gradually.
|
|
|
|
orions.belt19
|
|
February 21, 2019, 03:13:03 AM |
|
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
I think that crypto lending will be profitable among traders, since traders ultimately will need funding to continue trading (especially when there are dips but they no longer have cash to buy more coins) I think that having established trust will allow a crypto lending business to flourish. For those who are skeptical of using crypto and are wary of scams and ponzi schemes, they may opt for getting a crypto loan. However, marketing to traders may be hard because you will have some competition since that there are already exchanges or trading platforms that allow you to make a loan.
|
|
|
|
deppil
|
|
February 21, 2019, 04:21:09 AM |
|
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here. Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet. But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans. I think it's still a high risk, in any online world can be manipulated including identity data. yeah this business is indeed profitable and tempting. but you have to tighten the approval process in lending, try to provide a more expensive collateral No investment is totally safe or risk free specially with lending business.This is very profitable but if you do able to handle the risk and manage this business carefully.If you even just handle or lend 3-4 people for monthly lend basis then it is already a good start up but you do always remember that asking for valid collateral is a must so that incase someone do scam or didn't pay you out you do still have the chance to pull out some amounts on the capital. The more borrowers of course the greater the profit you might get, but the risk will be much greater. yeah you need to manage it well, if there are many borrowers make sure you have employees to monitor and verify them. yeah thats why, collateral is important
|
|
|
|
deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
February 21, 2019, 06:20:06 AM Last edit: February 21, 2019, 10:57:19 AM by deisik |
|
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
I think that crypto lending will be profitable among traders, since traders ultimately will need funding to continue trading (especially when there are dips but they no longer have cash to buy more coins) I think that having established trust will allow a crypto lending business to flourish It is called margin trading And it has been around for years already, for example, at Bitfinex. Though you would need a third party (in this case an exchange) that would forcefully liquidate your position if price goes against you. Actually, it is a good example as you don't have to provide a full collateral for your loan. For example, initial margin at Bitfinex is 25% which means the collateral you should provide can be only 25% of the amount borrowed (i.e. one forth)
|
|
|
|
TheUltraElite
Legendary
Offline
Activity: 2870
Merit: 1220
Call your grandparents and tell them you love them
|
|
February 22, 2019, 01:59:51 PM |
|
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
Its not that easy as it seems. There are companies trying to provide this service but the problems that arise are many. The number of legit borrowers are very low and people dont trust online sites based on "cyber-money" to pledge a collateral. More successful business model would be to start a small capital entrepreneurship backed by 3-4 people (preferably family members) money to start a peer to peer lending system. Trust is a big issue here. Hence those site offering P2P loans - if they move to a crypto lending system that would be a nice start. But 2018 did Rip off several ICOs and one such project which I was interested in was FastInvest but they also had to stop the ICO and refund investors.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
|