Topic: Cryptocurrency lending business. - page 6. (Read 1135 times)
It is actually the best way to borrow and lend. The blockchain based lending businesses are way better... they are easy, quick and anonymous compare to the traditional lending companies . Crypto lending would have gone to an advanced stage if not for the bear market.
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
Its not that easy as it seems. There are companies trying to provide this service but the problems that arise are many.The number of legit borrowers are very low and people dont trust online sites based on "cyber-money" to pledge a collateral. More successful business model would be to start a small capital entrepreneurship backed by 3-4 people (preferably family members) money to start a peer to peer lending system.
Trust is a big issue here. Hence those site offering P2P loans - if they move to a crypto lending system that would be a nice start. But 2018 did Rip off several ICOs and one such project which I was interested in was FastInvest but they also had to stop the ICO and refund investors.
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
I think that crypto lending will be profitable among traders, since traders ultimately will need funding to continue trading (especially when there are dips but they no longer have cash to buy more coins) I think that having established trust will allow a crypto lending business to flourish
It is called margin trading
And it has been around for years already, for example, at Bitfinex. Though you would need a third party (in this case an exchange) that would forcefully liquidate your position if price goes against you. Actually, it is a good example as you don't have to provide a full collateral for your loan. For example, initial margin at Bitfinex is 25% which means the collateral you should provide can be only 25% of the amount borrowed (i.e. one forth)
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here.
Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet.But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans.
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
I think that crypto lending will be profitable among traders, since traders ultimately will need funding to continue trading (especially when there are dips but they no longer have cash to buy more coins) I think that having established trust will allow a crypto lending business to flourish. For those who are skeptical of using crypto and are wary of scams and ponzi schemes, they may opt for getting a crypto loan. However, marketing to traders may be hard because you will have some competition since that there are already exchanges or trading platforms that allow you to make a loan.
if we now trade then selling is the wrong choice. because prices now show a decline, then if prices are low then buying is the right choice. we must be able to make the right decision if we still want profit and we can avoid losses. we don't buy on a large scale either. it's better if we invest gradually.
The loan business in crypto, at first it seemed crowded and many people were willing to get it, but the level of trust was weak, so the application of the loan business in crypto is currently not getting much response.
Crypto will never be good for lending. There is no incentive for people to pay it back, even when it was at its height people abused the system by getting a small loan and than repaying it quickly and getting another small loan and re... keep doing this until they have a 100% trust rating of paying back and at huge amounts and than one day they require a big sum and than take it and leave.
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
Unfortunately corporations barely get punishment for stealing peoples crypto and when it comes down to individuals it is even harder. You can try to sue people who steal your money but it will be a hard challenge and considering its global its even harder to sue someone in a different country. That is why lending business will never be really big in crypto world at all since trust system is weak
To be sure another way and strategy to profit through crypto in spite of the fact that it is still method to ahead of schedule to reason that this technique is suitable and productive reason advanced monetary standards are verified and scrambled and can ensure its clients secretly however perhaps later on businesspeople and institutional financial specialists may have answers for this issue.
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here.
Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet.But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans.
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/
https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/
It is a great business now that we are having a great timing right now considering how the market is rising.
But it will be a bit of a problem since scams are rampant. Even ICOs are failing.
This resemble a substantial scale loaning administration with flawless insurance. It isn't equivalent to that we clients get past exchange cum lender Polenix or through our discussion from believed clients utilizing escrow administrations. Relatively the loaning business have diminished a great deal than the previous days as it hasn't produced huge income as the market variance is enormous.
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/
https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/
It is a great business now that we are having a great timing right now considering how the market is rising.
But it will be a bit of a problem since scams are rampant. Even ICOs are failing.
I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here.
Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet.But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans.
it seems that this is an extraordinary business breakthrough in the field of crypto currency, with the existence of a loan business like this eating the economy will also grow better by using crypto currencies.
although all risks that are owned by crypto currencies will be in line with the business.
although all risks that are owned by crypto currencies will be in line with the business.
I remember this Nimfamoney platform that conducted ICO more than two years ago. They are a crypto-lending platform. At first I’ve heard a lot about the project, with very good objectives but then their token right now is not in use and must changed to another token. i don’t know what had happened to the platform. If there will be more crypto-lending platform, with the current bearish season, I dont know if they will be successful.
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
I think it's still a possibility, because if there are still many who don't support bitcoin and don't support blockchain technology, in my opinion it won't make the future of cryptocurrency good, we must support the development of cryptocurrency for a better future. Cryptocurrency lending business is really risk involved, and it requires a development of increased trust to profit through the lending business. There were very few firms that provide lending services. Poloniex seems to be the one in the market that has got good trust rating. Even through the forum there are people providing the service with increased trust.
The problem with lending cryptocurrencies is not on the side of the lenders, most of them are honest and they state their requirements upfront, the problem comes from those looking for loans, look at the lending section of the forum and you will see newbies every day trying to get a loan by telling a sad story about why they need the money and why they have no collateral.The problem with lending bussiness in cryptocurrency is regulation. If not regulated, interest rate must be more higher than banks beside that, its about the identity or security of fund
I think that this type of business has a future, as its popularity is growing rather quickly due to the many benefits that crypto-credit projects offer. This may be, for example, lending without checks, as well as the opportunity to receive fiat without paying capital gains.
Cryptocurrency lending business is really risk involved, and it requires a development of increased trust to profit through the lending business. There were very few firms that provide lending services. Poloniex seems to be the one in the market that has got good trust rating. Even through the forum there are people providing the service with increased trust.
The problem with lending cryptocurrencies is not on the side of the lenders, most of them are honest and they state their requirements upfront, the problem comes from those looking for loans, look at the lending section of the forum and you will see newbies every day trying to get a loan by telling a sad story about why they need the money and why they have no collateral. I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you don’t have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here.
Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet.But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans.
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