bitcoin loans | Bitcointalksearch.org

Cryptops

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Activity: 70

Merit: 10

Bitcoin liquidity for cryptocurrencies holders

Quote from: BlackPanda on August 21, 2015, 10:48:45 PM

Quote from: Cryptops on August 21, 2015, 06:48:05 AM

Hi!

We offer Bitcoin Loans with altcoins as collateral. If you hold altcoin that you dont want to sell this is a good solution.

www.cryptops.net

If you need help you can contact us at [email protected] or trough the web contact form

Best regards!

thank sir. I will see what you have to offer

You´re welcome

BlackPanda

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Activity: 1414

Merit: 1001

Quote from: Cryptops on August 21, 2015, 06:48:05 AM

Hi!

We offer Bitcoin Loans with altcoins as collateral. If you hold altcoin that you dont want to sell this is a good solution.

www.cryptops.net

If you need help you can contact us at [email protected] or trough the web contact form

Best regards!

thank sir. I will see what you have to offer

Cryptops

member

Activity: 70

Merit: 10

Bitcoin liquidity for cryptocurrencies holders

Hi!

We offer Bitcoin Loans with altcoins as collateral. If you hold altcoin that you dont want to sell this is a good solution.

www.cryptops.net

If you need help you can contact us at [email protected] or trough the web contact form

Best regards!

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Quote from: MustafaJohnMing on August 20, 2015, 05:31:34 AM

Quote from: errornone on July 23, 2015, 07:14:44 PM

People need loans (bank loans atm) to live. To buy a car, a house, school, etc. Our society only works with loans.

So, if bitcoin becomes HUGE, how will the bitcoin loans work?

Thats very interesting question. Who knows?
Bitcoin is unpredictable. Price today is undervalued. But it was overvalued. Taking a loan in bitcoins can be very risky if you cannot pay it back. You risk to lose your goods. It might be good for loan taker to take when bitcoin is high price and to return it when it gets low. Or to buy when it is low and to keep it when it gets back up so return then and looks more human like.

yes I agree, today is not a good day to lend some bitcoins since price of bitcoin is unstable
just imagine if last i borrowed 1BTC while exchange is still $280
now i'll pay you back and 1BTC is now valued at $230
good for the borrower, bad for the lender
there might still be a profit but very slim

MustafaJohnMing

newbie

Activity: 32

Merit: 0

Quote from: errornone on July 23, 2015, 07:14:44 PM

People need loans (bank loans atm) to live. To buy a car, a house, school, etc. Our society only works with loans.

So, if bitcoin becomes HUGE, how will the bitcoin loans work?

Thats very interesting question. Who knows?
Bitcoin is unpredictable. Price today is undervalued. But it was overvalued. Taking a loan in bitcoins can be very risky if you cannot pay it back. You risk to lose your goods. It might be good for loan taker to take when bitcoin is high price and to return it when it gets low. Or to buy when it is low and to keep it when it gets back up so return then and looks more human like.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Quote from: letyouearn on August 19, 2015, 12:05:13 AM

Quote from: DaddyMonsi on August 18, 2015, 11:55:58 PM

Quote from: letyouearn on August 18, 2015, 11:47:38 PM

Quote from: DaddyMonsi on August 18, 2015, 11:39:04 PM

today is not the best day to lend bitcoins
your $10 worth of bitcoins today may not be the same by Saturday

Yeah. I have just check out after reading your post. Bitcoin prices again dropped to 15000 INR something. But, why you say so, lending bitcoin will not worth .

well if I lend you 1BTC today and PREEV rate is 232
you pay me on Saturday 1.1BTC and PREEV rate goes down further to 220 (just a speculation), its like interest covered the loss of Bitcoin value, there is still profit but not as solid like if the price is stable and going North

Then, to avoid the loss bcoz of dropped bitcoin prices. Lenders can lend USD tied loans. This will be the best option to avoid loss.

yeah maybe or increase the interest rate due to price of bitcoin is not stable at this moment just to protect the lender.

letyouearn

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Activity: 1722

Merit: 1014

Quote from: DaddyMonsi on August 18, 2015, 11:55:58 PM

Quote from: letyouearn on August 18, 2015, 11:47:38 PM

Quote from: DaddyMonsi on August 18, 2015, 11:39:04 PM

today is not the best day to lend bitcoins
your $10 worth of bitcoins today may not be the same by Saturday

Yeah. I have just check out after reading your post. Bitcoin prices again dropped to 15000 INR something. But, why you say so, lending bitcoin will not worth .

well if I lend you 1BTC today and PREEV rate is 232
you pay me on Saturday 1.1BTC and PREEV rate goes down further to 220 (just a speculation), its like interest covered the loss of Bitcoin value, there is still profit but not as solid like if the price is stable and going North

Then, to avoid the loss bcoz of dropped bitcoin prices. Lenders can lend USD tied loans. This will be the best option to avoid loss.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Quote from: letyouearn on August 18, 2015, 11:47:38 PM

Quote from: DaddyMonsi on August 18, 2015, 11:39:04 PM

today is not the best day to lend bitcoins
your $10 worth of bitcoins today may not be the same by Saturday

Yeah. I have just check out after reading your post. Bitcoin prices again dropped to 15000 INR something. But, why you say so, lending bitcoin will not worth .

well if I lend you 1BTC today and PREEV rate is 232
you pay me on Saturday 1.1BTC and PREEV rate goes down further to 220 (just a speculation), its like interest covered the loss of Bitcoin value, there is still profit but not as solid like if the price is stable and going North

letyouearn

legendary

Activity: 1722

Merit: 1014

Quote from: DaddyMonsi on August 18, 2015, 11:39:04 PM

today is not the best day to lend bitcoins
your $10 worth of bitcoins today may not be the same by Saturday

Yeah. I have just check out after reading your post. Bitcoin prices again dropped to 15000 INR something. But, why you say so, lending bitcoin will not worth .

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

today is not the best day to lend bitcoins
your $10 worth of bitcoins today may not be the same by Saturday

iqlimasyadiqa

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Activity: 1596

Merit: 1011

would just like us to borrow money from other parties such as banks for example. a sure way of working is that you will be charged a fee according to the amount and term of the loan you repay them. the expected borrowing bitcoin will be easier and have an uncomplicated procedure.

MinerHQ

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Activity: 1456

Merit: 1023

Quote from: noel57 on July 25, 2015, 11:46:09 PM

Quote from: errornone on July 23, 2015, 07:14:44 PM

People need loans (bank loans atm) to live. To buy a car, a house, school, etc. Our society only works with loans.

So, if bitcoin becomes HUGE, how will the bitcoin loans work?

Bitcoin loan system already exists check btcjam.com and other btc loan networks to see how they work.

You should be careful about btcjam.com. There many people are saying even A+ rated members are scamming

mamafii

newbie

Activity: 34

Merit: 0

you can used https://bitlendingclub.com/

The complete process of applying for a Bitcoin loan is pretty simple.

Just like in a bank, where to apply for a loan, an account is needed, similarly, while applying for a Bitcoin loan, the borrower has to set up an online account at a website which facilitates Bitcoin loans. Users will then be asked to verify their details before proceeding to the next step.

bitcoinmasterlord

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Activity: 1148

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Quote from: errornone on July 23, 2015, 07:14:44 PM

People need loans (bank loans atm) to live. To buy a car, a house, school, etc. Our society only works with loans.

So, if bitcoin becomes HUGE, how will the bitcoin loans work?

I think you missed a whole subforum on bitcointalk.

https://bitcointalk.org/index.php?board=65.0

And no, i don't agree that everyone needs loans. I did never take a loan except maybe exceeding my bank limit. Ok, bitcoin doesn't offer that and i would need to get a real loan then.

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

It's simple, pawn a thing of 110% value of Bitcoin you want as a loan and it will not be a problem for the loan giver but also you should have a proof that you own that thing you are pawning.

noel57

sr. member

Activity: 392

Merit: 250

Quote from: errornone on July 23, 2015, 07:14:44 PM

People need loans (bank loans atm) to live. To buy a car, a house, school, etc. Our society only works with loans.

So, if bitcoin becomes HUGE, how will the bitcoin loans work?

Bitcoin loan system already exists check btcjam.com and other btc loan networks to see how they work.

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: HeroCat on July 24, 2015, 08:57:07 AM

True but Bitcoin is not so volatile atm but these are risks involved with Bitcoin loans and both the parties should be aware of these prior to taking/giving any loans.

How is it not volatile? Bitcoin was floating around 220 and now it's ~ 280 USD, that's over 20% increase in such a short period, now just imagine if someone had
a real loan/credit that is few years of repayment; it would probably literally destroy the loan taker's ability to repay the debt.

Quote from: HeroCat on July 24, 2015, 08:57:07 AM

BTC loans can be similar to any other loan. You take BTC loan and pay it back. Even in the forum you can take BTC loans and pay them back. Wink

Yes, but the question at hand is how will they be enforced and handled due to volatility, and is there ever going to be some institution like banks to provide them
on a much larger scale, or are we damned to often 1% per day interest rates ?

sana6801

newbie

Activity: 39

Merit: 0

Quote from: maku on July 24, 2015, 04:00:18 AM

System of that bitcoin loans is not that hard to create. There are already services and dedicated websites for this. We even have somewhat big section here on bitcointalk for that purpose.
But do we really need it? Do we really need another spiral of debt in bitcoin world? For now borrowing bitcoin could be riskier that fiat because of the volatility, why would anyone want that?

Why not! There are many merchants or services who are accepting bitcoin payment. Users here borrows and spends bitcoin directly. Why should they care about the volatility of it? They are only dealing with bitcoin. But if they need to exchange the borrowed bitcoin to fiat, that is another matter!

HeroCat

hero member

Activity: 658

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BTC loans can be similar to any other loan. You take BTC loan and pay it back. Even in the forum you can take BTC loans and pay them back. Wink

Amph

legendary

Activity: 3248

Merit: 1070

you can build a structure that aim for a good loan service, on top of open bazar or on top of the blockchain, regulated by the same type of arbiters

if something like big loan will ever happen, bitcoin value will skyrocket as a result, otherwise the current price can not accomodate a great amount to borrow

Topic: bitcoin loans (Read 3232 times)