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Author Topic: Traders Don't easily lend out money.  (Read 771 times)
SacriFries11
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October 09, 2021, 02:42:54 PM
 #81

Sometimes, there are traders that always cash out the profits regularly to fulfil the daily needs or even urgent situation. And the money is out of the capital for trading, or exactly the profit is taken.
However, yeah I also agree. It is like when we have a lot of money. We cannot give everyone or lend everyone money so easily. We must ensure what's for the money. if it is for an urgent condition like for paying medicals, I personally will lend them. But if it is not urgent, I will not give them. because sometimes, we will feel so difficult to get the money back. Based on the experience.

Traders don't lend money easily because money is what traders need to trade plus time and effort. The money they earn is very important to them because it is not easy to earn and by lending it to untrusted people or other traders, this money may not get back to the owner anymore. Me personally I have already trust issue when it comes to money after the two investment scam last year. So now, I only lend from the people I realky knew.

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October 09, 2021, 03:33:40 PM
 #82

I agree with that because most of the traders' capital rotates and the profits earned will also be traded back. Besides that, lending money to other people with our trading capital or assets is also not good, for me assets for trading and purposes outside of trading I separate so that I focus the capital on trading only for trading. we also don't know whether we will continue to make profits or not, so I don't dare to tamper with trading assets for other purposes or lend them to people.
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October 09, 2021, 04:00:28 PM
 #83

If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.

You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.

Work for your own money, nobody owes you anything.

It’s always better according to me not to gamble or trade with someone’s else’s money.
A trader is a one person who completely knows the risk as he have faced it a lot.
This is the primary reason for which many traders don’t give money in order to gamble their own money.
And as a responsible person the one who is taking the money should also be careful as he has someone else’s hard earned money.

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bitzizzix
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October 09, 2021, 04:30:00 PM
 #84

If a close friend and he also trades i will do it if i make big profit and besides i also know his trading trail, if possible and often make a profit why not.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.
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October 09, 2021, 04:43:33 PM
 #85

Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
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October 09, 2021, 05:59:35 PM
 #86

If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.

You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.

Work for your own money, nobody owes you anything.
Not only this another reason why traders don't lend out money is because of the cost of capital, they always think of the return that they could earn on the money that they have lent to someone, this way they think that opportunity cost involved in giving someone that money isn't really justified which is why they decide not to lend out money anyone. Your point is quite valid too, generally, money is also engrossed in various trades, also when you take out money from your capital you also give your risk aversion and percentage a hit, which means you have to reduce your order value too.
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October 09, 2021, 09:44:35 PM
 #87

Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
There are different types of traders, some are love lending, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. Traders just focus more on money because they know they can make more money out of the money they own by investing. Mostly traders able to earn on their own they do not have to wait for other people, they simply want to know how to further develop himself.

Usually active traders have to secure their capital because they don't have idea of the market and if they feel any depression in market crash situation arises they need to deposit funds to their wallet which they have set aside.

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October 09, 2021, 11:52:16 PM
 #88

Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
There are different types of traders, some are love lending, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. Traders just focus more on money because they know they can make more money out of the money they own by investing. Mostly traders able to earn on their own they do not have to wait for other people, they simply want to know how to further develop himself.

Usually active traders have to secure their capital because they don't have idea of the market and if they feel any depression in market crash situation arises they need to deposit funds to their wallet which they have set aside.

Less stress and hustle also for the trader. Because if you will lend it to someone, you have no assurance if he will respect your agreements in terms of date of payment and percentage of interest. You can never be sure if you will get your money on the time you agreed. So if you are active trader, it is understandable if you will prefer to use it as your bankroll rather than lend it to someone.
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October 10, 2021, 09:15:47 AM
 #89

If a close friend and he also trades i will do it if i make big profit and besides i also know his trading trail, if possible and often make a profit why not.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.

Good for you if you developed a circle of friends who also into this same venue of investment, your point is good if those people or friends are good payers, sometimes, close friends are the one who don't value friendships when in terms of money matters, broken relationship because of some lent money which being neglected.

I also do the same if I know the track records of the person who's borrowing, if he's also inside the business, it's easy to follow his trades and see if he is performing well or not.

At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.

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October 10, 2021, 09:28:44 AM
 #90

snip....

Good for you if you developed a circle of friends who also into this same venue of investment, your point is good if those people or friends are good payers, sometimes, close friends are the one who don't value friendships when in terms of money matters, broken relationship because of some lent money which being neglected.
Mostly it happens that you called good friends won't pay you back on time, always they ask for an extension (as I've experienced). Yeah, it could only ruin your relationship sooner.

Quote
I also do the same if I know the track records of the person who's borrowing, if he's also inside the business, it's easy to follow his trades and see if he is performing well or not.

At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.
If we don't have the word "Patience" it is better not to lend out money anymore even it is for your friends. It really hard to ask these people when you are in need of money nor to ask for repayment as they will think of you that you are rich because you are a trader but deep inside, they'll never know how hard to earn a profit from trading.

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October 10, 2021, 11:10:48 AM
 #91

Maybe because they more money from trading as compared to the interest and the risk involved in giving out loans. Am a trader too and I have not given out loan to anyone for those that use to asked me for crypto currency loan are people I know there financial background and their level of trading so, I can't risk my money with such people.

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October 10, 2021, 02:14:37 PM
 #92

Maybe because they more money from trading as compared to the interest and the risk involved in giving out loans. Am a trader too and I have not given out loan to anyone for those that use to asked me for crypto currency loan are people I know there financial background and their level of trading so, I can't risk my money with such people.
Throughout life ethics and life concepts, debt is something that cuts down many branches of the relationship tree, sometimes a relationship of several decades breaks down just in the lending relationship, although despite knowing each other's personalities well from the start and knowing their ability to pay, even a little consideration does not appear but disappointment is still a voice throughout. Too little constraint makes borrowers have no pressure, traders are the most stingy and meticulous about binding, so borrowing money from traders can only be a family bloodline

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martina14
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October 10, 2021, 02:20:26 PM
 #93

If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.

You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.

Work for your own money, nobody owes you anything.

I don't know what's your trying to pointing out here in the forum discussion. Why? are you one of the individual traders
who lend out money when you do trade in the actual exchange site platform? I was just curious only, due to for me I don't
lend out money ever.

suryana
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October 10, 2021, 04:12:12 PM
 #94

did you make this topic as a form of your disappointment because you have lent money to your friends?! I think it all comes back to each of us. If you are still able to help why not, because we live not always on top, one day we also need the help of others. the problem of whether to lend or not to return to the lender ... there is no reason people forbid . Because I'm sure they already know the risks when he gives loans.

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Cryptoababe
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October 10, 2021, 04:26:05 PM
 #95

You are right. Even traders keep some money just incase some trades are gonna get liquidated. So, the money can serve as saviour to prevent them from getting liquidated.

Work for your own money, nobody owes you anything.

And you are absolutely right here. Nobody owes anyone money.. Work for your own money.

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arbifahrozy
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October 10, 2021, 04:27:57 PM
 #96

As this happens many times, because trading is a type of business and in business you have to trust some people if you want to earn a lot and make some profits by making hard decisions too sometimes for having a faith,  but another thing is that people are scared about their money that whether their money is losing or they getting it back.

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October 10, 2021, 04:36:08 PM
 #97

Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit.  Traders work hard and trading is a very lonely job. If you make profit,  or loss, you are solely responsible and on your own.  Traders have higher standards for earning a living and expect others to up their standards as well!

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October 10, 2021, 07:10:10 PM
 #98

 
Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit.  Traders work hard and trading is a very lonely job. If you make profit,  or loss, you are solely responsible and on your own.  Traders have higher standards for earning a living and expect others to up their standards as well!
One important thing is that even if you agree to lend some people money, paying it back is always a problem. And also as you stated, trading is not easy, and such a one man business, the trader is been blamed for both losing and profits. Most traders reinvest thier capital and profits, which makes it difficult for them to lead or give out money. But that doesn't make them stingy, they are simply conscious of their money.



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awik p
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October 11, 2021, 06:28:52 AM
 #99

Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit.  Traders work hard and trading is a very lonely job. If you make profit,  or loss, you are solely responsible and on your own.  Traders have higher standards for earning a living and expect others to up their standards as well!
but this is the advantage in trading, where profit or loss is the sole responsibility of the trader, so this work is free and without bringing down others. still this is not young, because we need experience for trading, in order to survive in the market

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October 11, 2021, 11:01:05 AM
 #100

well, it's just that sometimes people become ignorant when they are not lent money, or have been lent money. this is happening in my neighborhood. where when they borrow because they see someone has a lot of assets, and sometimes they make a sad face to borrow it. even when someone does not have money or only has money for capital to trade or business, but they try to lend it. however, when the time of collection, even the person who borrowed the money did not intend to return it, or even was fierce to the person who lent him the money.
Well, don't be easy to lend money when you don't take collateral from it, or give them a loan according to what you can lose. because when you lend it without collateral, well it's risky.

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