Cryptocurrency lending business.

[drumamat]

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 the future. But at this stage I would prefer a loan in some kind of stablecoin.Think for yourself, today I can take a loan in the ethereum for the price of $ 100 and tomorrow, if its price becomes $ 500, I will have to incur heavy losses.Yes, the opposite situation is also possible, but when it comes to a loan, you need to consider the worst option.

[Nensidru]

Honestly, if I had my own company, I would never take credit in cryptocurrency for anything in life.Due to the high volatility, you can give all the income for loan coverage. To put it mildly, it is not serious.

Yes, today we must be foolish to take a loan in cryptocurrency. The course jumps forever there and there. And in the end, you can just lose more than you gained.

[Ispep]

Honestly, if I had my own company, I would never take credit in cryptocurrency for anything in life.Due to the high volatility, you can give all the income for loan coverage. To put it mildly, it is not serious.

Yes, today we must be foolish to take a loan in cryptocurrency. The course jumps forever there and there. And in the end, you can just lose more than you gained.

It's unwise to take a loan for something that it's profits is very unpredictable and uncertain,cryptocurrency investments is a wise step towards financial freedom,but doing so via loans is one step towards financial bondage as nothing is sure.
Invest with any amount you have as profits are not sure

[Akagum]

I think it's the right step in the right direction in the sense that it would bring about an increase in the wide spread adoption of Cryptocurrency.
Cryptocurrency lending services would make it  potential investors to access loans without having to go through the rigorous procedures of the conventional system.

[Mehr Sher]

I think it’s fair to say that slowly we are witnessing increase in popularity as far Crypto Lending is concern. But of course, it only make senses IF there is a proper option available to be used.

I NEVER suggest making random investments, as that is something only a CRAZY person will do. So, it’s absolutely MUST to only pick the options that are entirely convincing and got the potential you look for. Without doing proper research, it’s just crazy for us to pick out any option.

[Lexurdania]

Honestly, if I had my own company, I would never take credit in cryptocurrency for anything in life.Due to the high volatility, you can give all the income for loan coverage. To put it mildly, it is not serious.

Yes, today we must be foolish to take a loan in cryptocurrency. The course jumps forever there and there. And in the end, you can just lose more than you gained.

It's unwise to take a loan for something that it's profits is very unpredictable and uncertain,cryptocurrency investments is a wise step towards financial freedom,but doing so via loans is one step towards financial bondage as nothing is sure.
Invest with any amount you have as profits are not sure

Its true, the price always high fluctuating and its better to take loan from the banks and its much cheaper on interest rate. Beside interest rate, there is no regulation on cryptocurrency if we take loan in crypto.

[Silberman]

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/

On the surface it seems like a good idea but lending is a very risky business especially for the one that is giving the loan so a collateral is going to be asked for each single loan, this means that if cryptocurrencies really become adopted around the world then lending as a business will not be as common as today which is a good thing if you think about it.

[GoldenAge Coin]

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.

[PlusOne88]

In any manner you might be just looking at bitcoin as a currency similar to fiat and for me there is no problem with bitcoin lending. The only gap that I think may be a hindrance is the idea that bitcoin does not equate money in terms of usage, which means that people have to convert it back to money in order to buy things or for whatever it may serve him best. If it should happen that bitcoin will be more like fiat in the years to come then it will just be the beginning of the new era of digital money. Where you don't have to exchange bitcoin for fiat since by itself it can already purchase or pay for something you need. This may happen in the years to come.

[deisik]

In any manner you might be just looking at bitcoin as a currency similar to fiat and for me there is no problem with bitcoin lending. The only gap that I think may be a hindrance is the idea that bitcoin does not equate money in terms of usage, which means that people have to convert it back to money in order to buy things or for whatever it may serve him best. If it should happen that bitcoin will be more like fiat in the years to come then it will just be the beginning of the new era of digital money. Where you don't have to exchange bitcoin for fiat since by itself it can already purchase or pay for something you need. This may happen in the years to come

I would certainly agree with your thought If you substituted Litecoin for Bitcoin here

Bitcoin is just too expensive and too dear to be used as a regular means of payment. Do you see a lot of people directly paying with gold coins, apart from in the movies (as in John Wick, for example)? And it is not because gold is cumbersome and inconvenient (even though because of it too) as people could just use gold certificates which would count as paper money backed up gold. They don't pay with gold simply because gold is a store of value, and you typically don't waste such assets (unless you have nothing else to pay with, of course)

In this way, we shouldn't actually expect Bitcoin to become a good currency in the future. But that's not a bad thing at all as we have lots of altcoins to serve as Bitcoin's proxy to being a means of payment. And it won't hurt Bitcoin either as it will only add more value to it as a store of value, i.e. "digital gold"

[cfif123]

the business of running crypto in my opinion is not easy and I have experienced it if it has not been resolved to affect all of these businesses and it would be good for me to become a long time bankrupt

[Lpim01]

the business of running crypto in my opinion is not easy and I have experienced it if it has not been resolved to affect all of these businesses and it would be good for me to become a long time bankrupt

Maybe in the other type of business but how about for crypto loans? I'm not really positive for these kind of business cause we can hardly to find persons who can be trusted of getting loans to us, its because we are all in anonymous identity and we can simply escaped from it.
So at this time, crypto lending institutions will never be profitable and possibly many will quit.

[jrrsparkles]

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.

[creeps]

the business of running crypto in my opinion is not easy and I have experienced it if it has not been resolved to affect all of these businesses and it would be good for me to become a long time bankrupt

It would be tough for a new project to attract investors but still, if you want to take the risk go innovate well. Having business on cryptoworld is a great move, you must think for a more innovative one. Cryptolending might not be effective for now but who knows it can be a great player in the future. If you don’t manage well your business, for sure you will be bankrupt.  

[joeperry]

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/

To be honest I'm not really familiar about a big company who lends a big amount of cryptocurrency and what's the process and requirements needed... since most of the big investors are in stocks and forex trading. I'm only familiar with the lending here in the forum where in you can create your own lending thread and lend users who has a valid collateral.

But I think for big companies and for users who're offering lending service here in the forum earns a big amount since there's a fixed percentage everyday or if the collateral falls down they do have the right to sell it.

[Sadlife]

This is indeed a new way and method to make money through crypto although it's still way to early to conclude that this method is viable and profitable cause digital currencies are secured and encrypted and can protect its users anonymously but maybe in the future businessmen and institutional investors may have solutions to this problem.

[horrifiedx1]

This is indeed a new way and method to make money through crypto although it's still way to early to conclude that this method is viable and profitable cause digital currencies are secured and encrypted and can protect its users anonymously but maybe in the future businessmen and institutional investors may have solutions to this problem.

I think both of them have their respective advantages, by lending means that they minimize the risk, while the borrower, can invest even though he has no capital, of course there are agreements that must be followed together beforehand. of course with increasing prices, the borrower can repay the loan and pay interest

[TheUltraElite]

the business of running crypto in my opinion is not easy and I have experienced it if it has not been resolved to affect all of these businesses and it would be good for me to become a long time bankrupt

I dont think thats true for those who know how to manage their money and are willing to use that money to grow. The basic thing that lending platforms based on bitcoin or altcoin based collateral loans is that the market movements are making them very difficult to sustain. We have seen several ICOs who did such projects like ETHLend SALT and now NEXO. However there were rumors that NEXO was the reincarnated version of SALT. Basically like all other ICOs they are not to be trusted with your money.

However a peer-to-peer lending business can be a small cap venture for a personal accredited investor. This sector may grow in future if crypto becomes more mainstream with availability of better collateral for borrowers to pledge.

[arpon11]

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/

I think cryptocurrencies loan is really making wave in credit industry and many projects are coming on this circumstances loan.  I remember bitbond is making great wave and many businesses and business men has taking the advantage of it in having loan for business.  I agree that in future many cryptocurrencies projects will be coming up that will help in expand the credit industry.

[Vaskiy]

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.