bitcoin loans | Bitcointalksearch.org

Cryptops

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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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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

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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

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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?

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

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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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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

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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

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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

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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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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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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

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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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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

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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

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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?

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

Coinshot

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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

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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

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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

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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

Mickeyb

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Move On !!!!!!

Quote from: chennan on July 24, 2015, 03:58:33 AM

Quote from: Mickeyb on July 24, 2015, 03:01:55 AM

They will work just as FIAT loans. There are many loans on this forum, just go to the lending section and see it for yourself. If you take a good collateral, you shouldn't have any problems if the loan defaults. As you can see, a common sense is the most important, if you are giving a FIAT loan or Crypto loan.

Lenders in lending board here are more willing to give out bitcoin loan, instead of fiat. They are here for bitcoin, nor for fiat.

Quote from: I E on July 24, 2015, 03:28:41 AM

Websites have been made for this purpose already.

Yes, like btcjam.com

I know that lenders on bitcointalk are giving out loans in BTC only. I didn't say that they are here for FIAT but for Bitcoin, of course.

The point that I was making to the OP is that Bitcoin loans in the future should work essentially in the same way as the FIAT loans are working right now, I don't see why anything would change as long as good collateral exists.

pooya87

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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?

your answer is simple, bitcoin loans would be the same way money (bank) loans are, with some sort of collateral and with big profits which you have to pay back.
right now if you want tot take a loan out from a bank you need to provide some sort of collateral or whatever you want to call it, for example when taking a loan to buy a house you sorta give your house to the bank as a guarantee that you pay them back and if not they sell your house.
so bitcoin loan should not be any different.

maku

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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?

chennan

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Quote from: Mickeyb on July 24, 2015, 03:01:55 AM

They will work just as FIAT loans. There are many loans on this forum, just go to the lending section and see it for yourself. If you take a good collateral, you shouldn't have any problems if the loan defaults. As you can see, a common sense is the most important, if you are giving a FIAT loan or Crypto loan.

Lenders in lending board here are more willing to give out bitcoin loan, instead of fiat. They are here for bitcoin, nor for fiat.

Quote from: I E on July 24, 2015, 03:28:41 AM

Websites have been made for this purpose already.

Yes, like btcjam.com

I E

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💎 💎 💎 💎 💎

Websites have been made for this purpose already.

Mickeyb

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Move On !!!!!!

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?

They will work just as FIAT loans. There are many loans on this forum, just go to the lending section and see it for yourself. If you take a good collateral, you shouldn't have any problems if the loan defaults. As you can see, a common sense is the most important, if you are giving a FIAT loan or Crypto loan.

Undermood

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Quote from: notlist3d on July 24, 2015, 12:26:02 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?

There are already a lot of bitcoin loans. AVOID them at all costs. Sadly a lot of people default which means you do not get your money back.

And you have to go after them legally, and they might not even be in your country. Its just a hard time collecting if they default.

Lenders here tend to issue collateral loan. Once the loan is defaulted, at least the lenders could recover the loan through liquidate the collateral.

notlist3d

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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?

There are already a lot of bitcoin loans. AVOID them at all costs. Sadly a lot of people default which means you do not get your money back.

And you have to go after them legally, and they might not even be in your country. Its just a hard time collecting if they default.

bitbaby

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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?

They can work the same way. Banks gives out small loans based on reputation and larger ones for collateral and if you check out the Lending section it is happening exactly like that. People give/take loans based on user's reputation and larger ones are only allowed if a collateral is provided.

Quote from: Coinshot on July 23, 2015, 10:29:37 PM

I believe one should not even consider in making a bitcoin related loan if the source of one's income isn't denominated in bitcoin aswell.

Mainly because there could be problems with loan repayment if the value of bitcoin increases during the duration of loan itself, on the other hand; if price would go under; it would
be good for loan taker, but that's a gamble, and as a loan taker you can't afford to gamble.

So use bitcoin loans only if you get income in bitcoins, and for every other case denominate the loan in fiat.

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.

Coinshot

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I believe one should not even consider in making a bitcoin related loan if the source of one's income isn't denominated in bitcoin aswell.

Mainly because there could be problems with loan repayment if the value of bitcoin increases during the duration of loan itself, on the other hand; if price would go under; it would
be good for loan taker, but that's a gamble, and as a loan taker you can't afford to gamble.

So use bitcoin loans only if you get income in bitcoins, and for every other case denominate the loan in fiat.

mezmerizer9

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Quote from: DaddyMonsi on July 23, 2015, 09:55:10 PM

treat bitcoin as a normal currency that everyone use
if you ask for a loan, make sure you repay it
small loans may need no collateral and can be given to you by trust alone but big or huge loan may need collateral just in case you failed to pay on time there is something to compensate the loss of BTC of the company or the person who give you loan
for huge loans like cars and houses, if ever BTC arrived to that level where its accepted and used by the bank i dont think the BTC will be deposited to your BTC wallet but instead will be transferred to BTC wallet of the seller car or a house itself that is if BTC will be used. For schools, i've heard of a few universities in our country who accepts BTC as a form of payment but that is still something that I need to confirm.

Good idea!

I want to add one! The borrowers could sign a smart contract, agree to allocate some money from his monthly salary (bitcoin) being sent to the lenders. It involves three parties, including borrowers, lenders, your employers. Once the contracts are signed, no one can change it, except the three parties together.

DaddyMonsi

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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?

treat bitcoin as a normal currency that everyone use
if you ask for a loan, make sure you repay it
small loans may need no collateral and can be given to you by trust alone but big or huge loan may need collateral just in case you failed to pay on time there is something to compensate the loss of BTC of the company or the person who give you loan
for huge loans like cars and houses, if ever BTC arrived to that level where its accepted and used by the bank i dont think the BTC will be deposited to your BTC wallet but instead will be transferred to BTC wallet of the seller car or a house itself that is if BTC will be used. For schools, i've heard of a few universities in our country who accepts BTC as a form of payment but that is still something that I need to confirm.

mooseCavalry

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The idea that heavy debt load is required to function is a severe societal problem that has exacerbated a couple of countries economic problems already.

If bitcoin goes mainstream, perhaps existing credit agencies will cooperate with existing/new lending avenues like they do with banking instutions today.

Outlander

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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?

It could base on reputation, or equivallent collateral.

Meuh6879

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Quote

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

loan is DEBT.
DEBT is the actual situation ...

no LOAN here.

jacee

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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 unroll the bitcoin loans?

not all people need loans so don't take it as a whole that our society works with loans. If bitcoins became huge then maybe loaning will be not that hard to get or maybe the other way. Depends on the person loaning and the one who is asking for it.

errornone

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error

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?

Topic: bitcoin loans (Read 3218 times)