Cryptocurrency lending business. | Bitcointalksearch.org

nydiacaskey01

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Quote from: Ozero on June 03, 2019, 12:21:16 AM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

Lending, if it is not concessional, is in itself very risky. Cryptocurrency lending is doubly risky, as the risk of high price volatility of cryptocurrency is added to the usual risks. Before taking a loan in a cryptocurrency, you need to carefully calculate everything and, first of all, you need to anticipate subsequent changes in the cryptocurrency market. I would refrain from getting a loan in cryptocurrency. This is a lottery - here you can win and almost equally lose.

If we borrow 0.01BTC with an interest of 0.001BTC I would return 0.011BTC. Don't look at the dollar value, that will only break your heart if the value of Bitcoin goes down. Your goal as a lender is to increase the number of Bitcoins you are holding and as a borrower, you are obliged to return the Bitcoin that you borrowed with interest regardless of the dollar value.

Kimonoe

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Quote from: Ozero on June 03, 2019, 12:21:16 AM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

Lending, if it is not concessional, is in itself very risky. Cryptocurrency lending is doubly risky, as the risk of high price volatility of cryptocurrency is added to the usual risks. Before taking a loan in a cryptocurrency, you need to carefully calculate everything and, first of all, you need to anticipate subsequent changes in the cryptocurrency market. I would refrain from getting a loan in cryptocurrency. This is a lottery - here you can win and almost equally lose.

right, crypto loans have a double burden. when we get profit, I suggest to immediately return the debt, so that we can use profits as initial capital. than we are bound by debt, because it can interfere with our psychology

rez303

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

Electronic loan money is good but it has many issues to verify and the risk is quite high. I have a friend who often lends money to get monthly interest, but sometimes he gets cheated and escaped.
So my biggest question is, how can Genesis Capital manage their debt and how can they get the money back from the borrowers?

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: AntoCokbun on May 24, 2019, 02:02:04 PM

The crypto lending business is indeed carried out by those who have a large crypto value and it will provide a definite advantage for the borrower, but still we must take into account security and trust.

Those who have a large crypto in possession would rather want it not wasted on things that easily wrong by investing. They would rather use it to open their own lending business but that too would be one using proper debt collection procedures and collateral securing. Without those the concept of lending and earning interest from it will not work out. The lender never does anything for the advantage of the borrower, it is a business after all and only those lenders who are professional would be good in handling such a business.

The market for crypto lending is still something that has not been tapped into. Lets hope it becomes big as bitcoin becomes more popular.

Ozero

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

Lending, if it is not concessional, is in itself very risky. Cryptocurrency lending is doubly risky, as the risk of high price volatility of cryptocurrency is added to the usual risks. Before taking a loan in a cryptocurrency, you need to carefully calculate everything and, first of all, you need to anticipate subsequent changes in the cryptocurrency market. I would refrain from getting a loan in cryptocurrency. This is a lottery - here you can win and almost equally lose.

ricardobs

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 don't see any difference between the both of them as long as they are still asking for collateral's. Well, I know that cryptocurrency loaners can never give you any loans without collateral and that is right because some. People are going to run away with the money, which is very bad, so they have to give something in return in case they decide to act any way stupid then the cryptocurrencies they have given as collateral would be used as a way to recover the money they have taken from the lenders.

AntoCokbun

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The crypto lending business is indeed carried out by those who have a large crypto value and it will provide a definite advantage for the borrower, but still we must take into account security and trust.

indrakusumaindra

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 lending is a good way to earn a money and its how bank earn money and i do think we could use cryptocurrency to give a loan to people to develop their own businesses.

sirminesalot

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Quote from: nur rochid on May 22, 2019, 11:45:46 PM

Quote from: samycoin on May 22, 2019, 05:07:28 PM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 never tried to do bitcoin loan even I have collateral because I don't want have a problem in the future. Although this lending is spread all over in crypto space to help other cryptocians I think we still need to be careful to specially the lenders bec3you don't have any assurance if the borrower will pay you.

just like me, where I am not interested in crypto loans, I prefer to invest in personal power, because my psychology is not able to bear the debt, rather than damage the mentality later

absolutely right, everyone may be psychologically unable to bear the debt. I also agreed that I would not be interested because of having a debt

iMark

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Quote from: Oceat on May 22, 2019, 05:05:17 PM

Quote from: bonker on May 22, 2019, 03:38:40 PM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

this is also a good business to make the profit and giving the loans like with cryptocurrencies is also been profitable for because in future cryptocurrency is mostly the popular payment method and if you got lots of cryptocurrency and then it will be more valuable.

Not really good if the business owner doesn't know how to operate his business. There are certain rules for the owner after allowing someone to borrow your own money/cryptocurrency to make sure they can pay you because once they are gone you can't get back the money to lend to them. And it is not that easy to trust someone behind the internet to be honest.

Exactly, if you don't know how to run this business then you will only be an easy target for fraudsters, I have tried this business several times, it's quite profitable, but some users do use this method to cheat, they occasionally use their accounts for collateral, and I suggest for you to never accept account bitcointalk for guarantee, search another valuable collateral, you don't know how bad the account is, so don't ever receive a risky collateral.
once again if you don't know how it works then this business will be very risky to you

Lagoons

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Sounds like something that can turn into a disaster.

akram143

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 this kind of way also improved a lot in this situation and people in this world train different kinds of methods to make money and in this situation everyone wants to get the profit for their Bitcoin are some other cryptocurrency and this situation will be profitable for them.

n0ne

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Quote from: yusupjatigumilar on May 23, 2019, 08:58:56 AM

I think the crypto currency loan business will be very profitable for lenders, but not for borrowing customers, we assume for example we borrow a bitcoin at a price of $ 8000 and after a few months we have to repay the loan but the price when we return the price to double. Of course customers will feel loss by the price difference.

To avoid such risk it is always good to lend in terms of bitcoin, but shouldn't be lend in terms of USD. Upon the same whether the price is high or low repaying in terms of bitcoin with mentioned ROI. Here when the borrowing is done in terms of bitcoin nothing gonna cause a loss for the borrower.

maculeth

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I actually focus on the crypto market which is prone to drastic increases or decreases. for example, a company borrows crypto funds at q2 at a price like that ......, then at q3 / q4 crypto prices rise or fall. then what is the company's estimate for returning the crypto loan? it makes me a little doubt whether this can work in the future.

kennen1113

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Quote from: yusupjatigumilar on May 23, 2019, 08:58:56 AM

I think the crypto currency loan business will be very profitable for lenders, but not for borrowing customers, we assume for example we borrow a bitcoin at a price of $ 8000 and after a few months we have to repay the loan but the price when we return the price to double. Of course customers will feel loss by the price difference.

And you're calculating luck and positive cases, if we lend and they don't pay, it will be a huge problem, and I don't know where we will find that person in this technology world when they disappear, the crypto world and system are really complex, anonymity makes it very difficult to determine a person's credibility. Many people think asking for a mortgage will be a good idea to get out of this situation but I do not think people can be sure that collateral will have no volatility in the process we store, rising is lucky but unfortunately, reduction will make us lose

yusupjatigumilar

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I think the crypto currency loan business will be very profitable for lenders, but not for borrowing customers, we assume for example we borrow a bitcoin at a price of $ 8000 and after a few months we have to repay the loan but the price when we return the price to double. Of course customers will feel loss by the price difference.

Leyss

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I, probably, would never take a loan in cryptocurrency for my business. By itself, a loan, if it is not concessional, already represents a risk, because it is necessary to return a sum much larger than the loan amount itself. Credit in a cryptocurrency is doubly risky, because in addition to the usual risks, the risk of negative changes in prices on the cryptocurrency market is added to return the loan. In this case, it is very difficult to predict and draw up a real business plan for his return.

nur rochid

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Quote from: samycoin on May 22, 2019, 05:07:28 PM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 never tried to do bitcoin loan even I have collateral because I don't want have a problem in the future. Although this lending is spread all over in crypto space to help other cryptocians I think we still need to be careful to specially the lenders bec3you don't have any assurance if the borrower will pay you.

just like me, where I am not interested in crypto loans, I prefer to invest in personal power, because my psychology is not able to bear the debt, rather than damage the mentality later

Gaff

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Quote from: bonker on May 22, 2019, 03:38:40 PM

Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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/

this is also a good business to make the profit and giving the loans like with cryptocurrencies is also been profitable for because in future cryptocurrency is mostly the popular payment method and if you got lots of cryptocurrency and then it will be more valuable.

That's great to see the future development of business in cryptocurrency, and lending is good strategy to do in order to grow your asset. I wonder how to do it since many scammers roaming around, and we can't be sure where to invest our asset in order to gain profit. Hopefully there's more opportunities to come along, once many lending services will offer staking of token assets. With that, I think we will benefit the circulation of our funds in digital world.

samycoin

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Quote from: MoonCoins on January 31, 2019, 06:50:41 AM

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 never tried to do bitcoin loan even I have collateral because I don't want have a problem in the future. Although this lending is spread all over in crypto space to help other cryptocians I think we still need to be careful to specially the lenders bec3you don't have any assurance if the borrower will pay you.

Topic: Cryptocurrency lending business. (Read 1168 times)