Banks have money but they don't cooperate

[Fullbear2222]

Friend of mine knew that btc and gold gona go high.
So one year Ago he called Banks Even to asian bank to ask money invest on markets he also told them he will do it smart Will do DCA....in gold and btc.
The Banks was asking his knowledge and reason for money still did not give.
So my friend told them look guys i know good info If i know that gold and btc will go then you guys should know it too it's a win:win you give money and i invest exacly on right time Banks was talking some bs reasons.
So Banks and financial instutions are evil they don't want to cooperate with even with people who knows how make money from money it's like they don't want make money from money why we need them If they don't work with us?
If the banks was gona give money everybody winner here banks make their money and my friend was gona make money and profit and my friend will be financially Free and with that knowledge Will only make money from money.
And funny thing is my another friend who did apply for Job on hedge funds he predicted everything to them and showed Even where he got inside info and told them he knows how to make a lot money from money not even those guys who got degree will make that much money and they refused.....like wtf??? Are the banks and financial instutions here for money or not ? Instead of real knowledge how to make profit and money of money they hire someone with degree who has no clue even how the real money Made and no experince just degree and vision what to do and what's the moves how to make money from money....so why waste time and ask on the first place what IS the purpose of loan and vision If they don't give money anyways why so evil ? If someone who knows a lot Will put the facts and info front of their eyes and they still don't give money ?
I mean a lot people can escape slave life 9-5 Job If banks could give them money to double triple it's win win they get back all the money and profit and they can see If person whos asking money or job knows really things but they still refuse
So Im asking what's the bankers and financial instutions real agenda because it doesn't seems like they want to make money together self learned very smart and experinced people yet they ask questions like purpose of loan and idea for what ....yet they see all the info and even exacly timing of Market prices front of their eyes and they still refuse wtf
Im against to them If someone knows same things like they put front of them and without School education or degree and very smart with smart ways to find about whales and activities of big financial instutions and banks still don't give funds Like wtf?

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

[Casdinyard]

First off, the bank has no business letting everyone who asks out a loan from them in. The fact of the matter is that, your friend, no matter how knowledgeable he is, has no chances getting his loan approved the moment he said he's going to use it to invest in crypto and gold. Banks are more on the side of providing loans for people who can give them a collateral, or they can charge neck-breaking interests with. Your friend being neither, since he's basically investing in virtual money and gold ETF most likely, had his loan denied.

It only makes sense, if a stranger walks up to you asking if you could grant him $50k cold-hard cash with the promise of paying it back with interest, cause he found this amazing way to make money, which in your knowledge is stupid and is downright risky, would you give him the money? Most of us round here already says no by the time we've heard about the person being a stranger, more so the fact that he's about to do something stupid with your money.

They don't cooperate because they don't want to. Quit crying about it and find other ways, besides, why invest money you can't afford to lose in the first place?

[Apocollapse]

Friend of mine knew that btc and gold gona go high.
So one year Ago he called Banks Even to asian bank to ask money invest on markets he also told them he will do it smart Will do DCA....in gold and btc.
The Banks was asking his knowledge and reason for money still did not give.

Do your friend have a valid collateral when he want to take a loan from banks? if no, there's not surprising the banks reject his application.

And funny thing is my another friend who did apply for Job on hedge funds he predicted everything to them and showed Even where he got inside info and told them he knows how to make a lot money from money not even those guys who got degree will make that much money and they refused.....like wtf???

This is why personal branding needed.

You can't just offer something "too good to be true" when you haven't show to everyone if you're capable to handle it. If your friend is really a good speculator, ask him to create a channel and build the reputation in there, sooner or later people will believe in him since he can predict the market.

[WillyAp]

So Im asking what's the bankers and financial instutions real agenda because it doesn't seems like they want to make money together self learned very smart and experinced people yet they ask questions like purpose of loan and idea for what ....yet they see all the info and even exacly timing of Market prices front of their eyes and they still refuse wtf

he just should have sold the BTC and with those proceeds purchase Houses, Buildings, Businesses.
Based on that banks are open to business and loans.

You cannot rely on banking when doing a anti bank commodity.
That is how people sell bitcoin, as an anti bank commodity.

[bittraffic]

You know banks are failing and becoming insolvent these days right? They have bigger problems these days.

Just tell your friend to acquire some money on his own without the bank's help and use the money to speculate and invest. No one will help him except himself. But since you trust your friends so much why not give a little help to him?  People just need a little help to get started.

[crwth]

Having just the knowledge that "it can go up" is not going to be enough. No bank is going to just believe that. "Oh, you have an investment that could go higher in price and profit this xxx%? Let us give you some money."  If you don't have a background with the bank, they would need something in return in case you cannot give back the loan with your so-called investment.

You know that insider knowledge is frowned upon and could lead you to prison. You should build or use whatever you have to fund that investment so that you can profit.

You do know that the goals of banks are the same right? They want to profit but they want to make sure that you are investing in a sure thing or you have the background of it.

[Crypto Library]

It is normal that the bank will not give a loan to your friend because your friend does not have valid evidence for showing he has really some skills.  And also your friend has no collateral.  There are currently many banks in the world who have gone bankrupt for defaulting on loans despite having collateral. Why should a bank give a non-collateral loan to your friend?
It's totally a general common sense two think that, like if I ask you 5000 dollar and I know you have 5k dollar in your wallet will you give that in higher interest for long-term bitcoin trading? As you can see I am hero rank holder. I think your answer will be no . And as well as you also know that why you are going to reject me same case for banks.

[WillyAp]

You know banks are failing and becoming insolvent these days right? They have bigger problems these days.

That depends if the bank is internationally connected. Holding shares in the NY stock exchange e.g. or is owned by a bigger bank which go belly up.
Local banks without those entanglements are good. Even in a global melt down.

[SamReomo]

Friend of mine knew that btc and gold gona go high.

So your friend came from future right? That's not how things work mate because banks don't just listen to those who say that something will move up after sometime and they believe that the upward movement is going to take place in future.

Banks don't give loan to the ones who don't have valid collateral because if that person who takes loan ends up losing the money then how would banks be able to take that money back? Your friend was ambitious, and in ambition he asked banks to give him loan but they refused the loan.

If your friend had valid collateral and he might have offered them the collateral and ask for low interest loan and profit sharing then the banks might consider his application but he had nothing and wanted to borrow money and banks usually ignore such people's demands.

[Lamkuthang]

So Banks and financial instutions are evil they don't want to cooperate with even with people who knows how make money from money it's like they don't want make money from money why we need them If they don't work with us?
If the banks was gona give money everybody winner here banks make their money and my friend was gona make money and profit and my friend will be financially Free and with that knowledge Will only make money from money.

If your friend invests like BTC or gold with the amount to be bought by the bear then it needs large fresh funds, if you ask for loans to friends or family it may be heavy for various reasons. if there is an alternative asset that is possible is to apply for a loan to the bank with various reasons for the form of business that is in accordance with bank rules even though at the end of the story the funds are also used for investment in BTC or gold in addition to the main business.

Who is smart, he is dominant. If we are smart first, banks will think about providing loans and they will be even smarter in selecting and giving strict rules when it is done by asking for elegance that the estimated value of our assets is only 70% given from the proposed loan value.

[kryptqnick]

Banks have their own risk assessment procedures when it comes to loans. If we're talking about proper banks, they normally want to see some financial stability (like a long-term job contract with monthly salary) to feel confident that this person will pay them back. They can't rely on what someone wants to invest it and how that works out. Even if Bitcoin grows and assuming that a bank agrees that it's a potentially good investment, there's a risk of this person profiting and going AWOL, ignoring the bank and the loan. Or that person might get hacked, lose access to one's coins, become a scam victim etc.
They just can't think of all those things and hope they won't happen. So it's not just about knowing good assets, but also about confidence that a particular person who allegedly plans to invest in those assets will pay them back.

[Zlantann]

So my friend told them look guys i know good info If i know that gold and btc will go then you guys should know it too it's a win:win you give money and i invest exacly on the right time Banks was talking some bs reasons.

Did your friend offer any security or collateral to the bank for the loan he wants to access? Banks will not give you loans unless you have an asset they can use to recover the money if you fail to repay it at the appointed time. Banks are not non-profit organizations that give money to people without securing it.

Most banks will see Bitcoin as a very risky investment due to its volatility. There is no certainty that your predictions about your investment will happen as planned. However, I don't think taking a loan to invest in Bitcoin is a good idea..it is better to invest with what you can afford because you cannot predict the outcome of your investment. Your friend should consider using other strategies such as DCA to invest in Bitcoin.

[Wexnident]

~

Ah yes, trust the random dude who called up and said a random asset would go up infinitely high. Yeah, in hindsight it seems true, but banks don't look at things after it has happened, not that they can in the first place. If they could they would've probably been able to control the entire worlds money flow.

Regardless of whether your friend had knowledge or just assumptions, banks wouldn't work ever with him/her if they didn't have anything similar to collateral that could work. Even slapping them with a bunch of documentation and paper about how the market would go wouldn't work because in the end, those are all assumptions. This kind of imagination only works on hindsight op.

[SATWAT]

So my friend told them look guys i know good info If i know that gold and btc will go then you guys should know it too it's a win:win you give money and i invest exacly on the right time Banks was talking some bs reasons.

Did your friend offer any security or collateral to the bank for the loan he wants to access? Banks will not give you loans unless you have an asset they can use to recover the money if you fail to repay it at the appointed time. Banks are not non-profit organizations that give money to people without securing it.

Most banks will see Bitcoin as a very risky investment due to its volatility. There is no certainty that your predictions about your investment will happen as planned. However, I don't think taking a loan to invest in Bitcoin is a good idea..it is better to invest with what you can afford because you cannot predict the outcome of your investment. Your friend should consider using other strategies such as DCA to invest in Bitcoin.

This is the problem with usually peoples want free money which is not possible through banks if anyone want to have loan then surely he needs to show something collateral or having job which is going with long term contract without any solid thing loan is not coming because banks are working with their own system, and they have to fill all procedure as well which must for them mostly when peoples fail to complete their requirement's then starting crying they are no cooperating which is completely useless.
Banks never give any loan without any solid collateral with in developing countries we are having politicians or businessmen those take huge loans and then run away which is the worst thing but happening in third world.

[knowngunman]

First of all, banks don't have free money to give out to everyone who request for loan. They are using people's assets to run their business and that requires very careful management. They reserve the right to either approve or reject your loan for a reason known to them. You don't expect them to grant loan to every applicant who applied for it even without meeting the requirements.

Secondly, your friends probably have no tangible assets worthy of amount they are requesting for which could be used as a collateral in case they failed to pay back at the due time. Banks don't just issue loans to random people/customers without collateral, it's very necessary to have one if you want your loan application to be approved. Non-collateral loan can be obtained by loyal customers though the amount is very insignificant.

Finally, using investment especially in crypto as a purpose for requesting for the loan is very dumb to be honest. Even as an individual, I won't grant you loan on that purpose talk more of banks with high and professional risk management experts who are well familiar with the risk involved in that. They would have still considered your friend request if he has assets to be used as collateral despite the unconvincing reason/purpose of loan because they can seized the assets in case of failure to pay back.

[Darker45]

That's quite a long post. I didn't finish reading everything.

Your friend didn't know Bitcoin and gold's price would increase. He was merely making a prediction. Predictions may or may not turn out right in the end. In which case, you can't just present your predictions to the banks in order to get money from them. That would be ridiculous. Banks would quickly run out of money if they allow that. Banks know how to measure and take risks.

Forget about banks' cooperation. Their interests always come first. Also, they don't actually work for you. Let's not be naïve. The truth is that they're creating wealth out of you.

[iv4n]

That's quite a long post. I didn't finish reading everything.

Your friend didn't know Bitcoin and gold's price would increase. He was merely making a prediction. Predictions may or may not turn out right in the end. In which case, you can't just present your predictions to the banks in order to get money from them. That would be ridiculous. Banks would quickly run out of money if they allow that. Banks know how to measure and take risks.

Forget about banks' cooperation. Their interests always come first. Also, they don't actually work for you. Let's not be naïve. The truth is that they're creating wealth out of you.

I read it to the end and there is nothing new, from the very beginning to the end everything revolves around the fact that the banks didn't want to lend money to someone who showed up at their door and said "I have a great idea, give me money!". Whatever idea/business it's in case, banks have their own conditions under which they grant loans, and it is ridiculous to just go to the bank and ask for money without any business plan, or with a business plan that does not have any guarantees/collateral.

I agree that we should not be naive when it comes to banks, their main thing is making a profit. But if someone has already chosen to take out a loan (for anything), he should look at the conditions (ToS) of those loans if he doesn't want to be surprised once he starts paying it back. That's something we should all know, don't sign a document until you read everything it says, even the small letters. Especially when it comes to money and all other important life stuff.

[Cookdata]

I read it to the end and there is nothing new, from the very beginning to the end everything revolves around the fact that the banks didn't want to lend money to someone who showed up at their door and said "I have a great idea, give me money!". Whatever idea/business it's in case, banks have their own conditions under which they grant loans, and it is ridiculous to just go to the bank and ask for money without any business plan, or with a business plan that does not have any guarantees/collateral.

I don't like a TLDR thread with paragraph that are not appealing to read but I will have to go with what you summarized.
However, we need to get something straight. There is difference between a bank and a venture capitalist. The banks are profit oriented individuals that are ready to give you money but you must have an equivalent collateral in case you default but a venture capitals and Angel investors can like your idea about what you have on the table and fund it for a small share or percentage from what you earn without asking for any collateral, this is what banks don't do, they are only interested in their capital + interest.

I agree that we should not be naive when it comes to banks, their main thing is making a profit. But if someone has already chosen to take out a loan (for anything), he should look at the conditions (ToS) of those loans if he doesn't want to be surprised once he starts paying it back. That's something we should all know, don't sign a document until you read everything it says, even the small letters. Especially when it comes to money and all other important life stuff.

Sometimes, the way banks works I don't really blame them, the financial system is government, the president appoint to the Central Bank governor and the Central Bank governor give orders to commercial banks in accordance with what the government will like, whatever the banks are doing today, it all goes down to what the government want them to do even though they are profitable.

The government wouldn't help out and the banks wouldn't help you either, you are caught up in deep shit of matrix.

[Lamkuthang]

I agree that we should not be naive when it comes to banks, their main thing is making a profit. But if someone has already chosen to take out a loan (for anything), he should look at the conditions (ToS) of those loans if he doesn't want to be surprised once he starts paying it back. That's something we should all know, don't sign a document until you read everything it says, even the small letters. Especially when it comes to money and all other important life stuff.

That's right, and I agree and sometimes there are items that are tricky and must be examined in detail because after it is signed it cannot be changed back and later on the way when we feel strange how different is it like an agreement and there are other things that must be borne by the borrower will be different unless there is a revision if one thing is found or another in the future. Must be careful for sure.

[Mr.sprin]

That's right, and I agree and sometimes there are items that are tricky and must be examined in detail because after it is signed it cannot be changed back and later on the way when we feel strange how different is it like an agreement and there are other things that must be borne by the borrower will be different unless there is a revision if one thing is found or another in the future. Must be careful for sure.

Yes, bro, don't be careless in every action you take, especially in relation to banks, don't let us be fooled by their written agreements because we weren't careful when signing the agreement, maybe there was something we missed in the letter that we didn't read, maybe that's it. can make us feel at a loss, because if they have collaborated with us, they automatically have nothing to lose, what they get is only profit, therefore they have to be careful and careful so as not to have fatal consequences in the future.