Do you agree people barrow money for gambling? - page 10.

ronaldo40

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Quote from: panjul07 on October 22, 2015, 04:55:37 AM

Quote from: Eastwind on October 22, 2015, 02:36:11 AM

It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

I think it is clear already that most members here disagree to borrow/lend money for gambling (whatever the games are)

yes you are right, any kind of gambling I do not agree that you get from the capital of borrow. if you borrow money for gambling I worry you will get lost. if you borrow better to play that do not have a big risk

harizen

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Quote from: Laosai on October 22, 2015, 05:07:33 AM

Quote from: Eastwind on October 22, 2015, 02:36:11 AM

It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

It's still gambling dude and there's always a chance to lose so I think that's not an exception whatever the games are, IMO just let someone borrow from you but just make sure the borrower can repay the loan with his own income, not from the winnings on gambling.

Somehow out of the topic but in our PH culture, whenever Im receiving money from borrower, I don't want the money to give back to me came from doing "bad" jobs (Not literally bad. Has own meaning). It's just that I believe in old sayings that money came from that might gave you bad luck so even without basis and we are living in computer age I used to hold that belief. Cheesy

Laosai

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Quote from: Eastwind on October 22, 2015, 02:36:11 AM

It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

It's still gambling dude and there's always a chance to lose so I think that's not an exception whatever the games are, IMO just let someone borrow from you but just make sure the borrower can repay the loan with his own income, not from the winnings on gambling.

panjul07

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Quote from: Eastwind on October 22, 2015, 02:36:11 AM

It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

I think it is clear already that most members here disagree to borrow/lend money for gambling (whatever the games are)

enhu

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Quote from: Eastwind on October 22, 2015, 02:36:11 AM

It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

it should be a requirement to have at least a reputation and a collateral before a user can borrow. So if this user can repay whether s/he lose what he borrowed or not, paying of course is required else collateral now belongs to the lendor.

Eastwind

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It is OK to borrow to do Poker or something you have great skill and will win eventually. If you want to play dice, then do not borrow.

bitgolden

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Quote from: zcxvbs on October 21, 2015, 05:53:37 AM

Quote from: MinerHQ on October 03, 2015, 08:01:57 PM

I think many of the gamblers even when they don't have money for gambling but they barrow money for gambling. Do you agree on this?

This is one of quick way to die, I have met many such this things around me. What do you think?

Need to agree. Getting loan to gamble must be a suicidal situations. Many people has to quit the trading as well as the social status from where he got the loan. In forum people quit their well reputed accounts just because of loan repayments after loosing money in gambling.

MinerHQ

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Quote from: Aemon on October 21, 2015, 07:42:16 AM

Quote from: klf on October 21, 2015, 07:40:02 AM

Quote from: Eastwind on October 21, 2015, 06:47:59 AM

Like investing in shares or stocks, it is better not borrow to invest. For gaming, it is just for fun. If you do not have the resources, then do not gamble.

Either for investing in stock or gambling one should not borrow money at any cost because both no guaranty that it will give you profit or loss. If you win then OK but in both cases chances more in losing so if one lose then they will be in a very difficult position to pay back the borrowed money with interest. So I don't suggest any one to borrow money for any of these things.

I agree to an extent. Borrowing money is a terrible thing to do usually. Only borrow to those who have a trustworthy reputation and know that they will be able to pay you back. Borrowing money to invest something is sort of interesting. If they are investing then obviously you should be doing it too so why would you borrow someone money for that?

It same like some day Traders will borrow money thinking that they can make profits from their strategy but they lose then in deep trouble

Aemon

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Quote from: klf on October 21, 2015, 07:40:02 AM

Quote from: Eastwind on October 21, 2015, 06:47:59 AM

Like investing in shares or stocks, it is better not borrow to invest. For gaming, it is just for fun. If you do not have the resources, then do not gamble.

Either for investing in stock or gambling one should not borrow money at any cost because both no guaranty that it will give you profit or loss. If you win then OK but in both cases chances more in losing so if one lose then they will be in a very difficult position to pay back the borrowed money with interest. So I don't suggest any one to borrow money for any of these things.

I agree to an extent. Borrowing money is a terrible thing to do usually. Only borrow to those who have a trustworthy reputation and know that they will be able to pay you back. Borrowing money to invest something is sort of interesting. If they are investing then obviously you should be doing it too so why would you borrow someone money for that?

klf

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Quote from: Eastwind on October 21, 2015, 06:47:59 AM

Like investing in shares or stocks, it is better not borrow to invest. For gaming, it is just for fun. If you do not have the resources, then do not gamble.

Either for investing in stock or gambling one should not borrow money at any cost because both no guaranty that it will give you profit or loss. If you win then OK but in both cases chances more in losing so if one lose then they will be in a very difficult position to pay back the borrowed money with interest. So I don't suggest any one to borrow money for any of these things.

YuginKadoya

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Quote from: zcxvbs on October 21, 2015, 05:53:37 AM

Quote from: MinerHQ on October 03, 2015, 08:01:57 PM

I think many of the gamblers even when they don't have money for gambling but they barrow money for gambling. Do you agree on this?

This is one of quick way to die, I have met many such this things around me. What do you think?

I think that is way exaggerated that someone actually died because of gambling, I think there are few but I never met them actually, and to say you met that many, I think your place has a problem with something, my opinion stay away from peoples around you because they could die just by gambling. Undecided

Eastwind

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Like investing in shares or stocks, it is better not borrow to invest. For gaming, it is just for fun. If you do not have the resources, then do not gamble.

zcxvbs

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Quote from: MinerHQ on October 03, 2015, 08:01:57 PM

I think many of the gamblers even when they don't have money for gambling but they barrow money for gambling. Do you agree on this?

This is one of quick way to die, I have met many such this things around me. What do you think?

YuginKadoya

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Quote from: ikydesu on October 20, 2015, 10:51:45 PM

Indeed, people won't to borrow if they need to provide a real identity, especially in crypto world.

The agreement is not really need, just sign message with the main address, use an equal collateral and if this not enough yet, use an escrow.

I know using escrow are great, specially transactions like these, but I prefer the agreement part, if you can't follow the agreement then I will not let anyone borrow from me, because were talking about BTC here and it is better to be safe than sorry! Cheesy

ikydesu

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Quote from: Superhitech on October 20, 2015, 09:32:49 PM

Quote from: darkangel11 on October 20, 2015, 09:23:22 AM

Quote from: ikydesu on October 20, 2015, 08:40:45 AM

Quote from: katerniko1 on October 20, 2015, 05:41:12 AM

Quote from: YuginKadoya on October 20, 2015, 05:37:37 AM

Quote from: BTCevo on October 20, 2015, 05:15:11 AM

Not all gambler are borrowing money to gamble again, some of them are using that money to open a business so they can recover their loss slowly. I do not agree that you can't lend money to them if you are not believe it may be you can try to put some interest in it so you would be at the same benefit

Are you referring to borrow money to a gambler? or I'm reading it wrong lol Tongue

Well I'm pretty sure OP is referring to borrow money for gambling purposes and not in other stuff, and I'm certainly not gonna let gamblers to borrow money from me.

well i would borrow them ofc if they can repay.
you always profit some on intrest so i dont really care what they do with it.
regards.
-Katerniko1

Your kindness is will be disaster for you if you not consider who you lend. You should consider about what he/she collateral, it must equal with he/she amount and research first about he/she history. Better to give a lending to person who have good trust.

It doesn't mean he has to lend online using a bitcoin forum. I would of course lend money to anyone, but i'd never do it online using a fairly anonymous method like cryptocurrency.
Instead I'd make them sign a written agreement and get all their personal data. Safety first Wink

Most people don't borrow small amounts of real money for gambling though, unlike how they do it with crypto, as getting a loan with real money is a fairly long process. You don't really need a written agreement, or their personal info, etc., as long as you get the proper collateral, you should be able to cover your losses, and maybe even get a profit.

Indeed, people won't to borrow if they need to provide a real identity, especially in crypto world.

The agreement is not really need, just sign message with the main address, use an equal collateral and if this not enough yet, use an escrow.

danherbias07

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Quote from: harizen on October 20, 2015, 08:01:23 AM

Quote from: katerniko1 on October 20, 2015, 05:41:12 AM

well i would borrow them ofc if they can repay.
you always profit some on intrest so i dont really care what they do with it.
regards.
-Katerniko1

So if a newbie rank here say to you that he can repay then you will just lend? What a kind person you are. That's nice.

Anyways, yes of course you are making profits from interest but how can this be possible if the borrower won't pay you.

Your kindness is great but somehow making precautions are better.

I agree. You should still be careful of the person you are lending money somehow they should be at least known to be a good payer or have a rank. Better safe than never.

Superhitech

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Quote from: darkangel11 on October 20, 2015, 09:23:22 AM

Quote from: ikydesu on October 20, 2015, 08:40:45 AM

Quote from: katerniko1 on October 20, 2015, 05:41:12 AM

Quote from: YuginKadoya on October 20, 2015, 05:37:37 AM

Quote from: BTCevo on October 20, 2015, 05:15:11 AM

Not all gambler are borrowing money to gamble again, some of them are using that money to open a business so they can recover their loss slowly. I do not agree that you can't lend money to them if you are not believe it may be you can try to put some interest in it so you would be at the same benefit

Are you referring to borrow money to a gambler? or I'm reading it wrong lol Tongue

Well I'm pretty sure OP is referring to borrow money for gambling purposes and not in other stuff, and I'm certainly not gonna let gamblers to borrow money from me.

well i would borrow them ofc if they can repay.
you always profit some on intrest so i dont really care what they do with it.
regards.
-Katerniko1

Your kindness is will be disaster for you if you not consider who you lend. You should consider about what he/she collateral, it must equal with he/she amount and research first about he/she history. Better to give a lending to person who have good trust.

It doesn't mean he has to lend online using a bitcoin forum. I would of course lend money to anyone, but i'd never do it online using a fairly anonymous method like cryptocurrency.
Instead I'd make them sign a written agreement and get all their personal data. Safety first Wink

Most people don't borrow small amounts of real money for gambling though, unlike how they do it with crypto, as getting a loan with real money is a fairly long process. You don't really need a written agreement, or their personal info, etc., as long as you get the proper collateral, you should be able to cover your losses, and maybe even get a profit.

Hellacopter

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Quote from: mark coins on October 19, 2015, 09:33:18 PM

i agree. i know 1 person here that did this. he asked for a loan in the lending section and when i check his address he just send the funds to one of luckyb.it's addresses and luckily he won that bet but still borrowing money just to gamble isnt a good idea as we should only gamble our excess funds

it's always depending in your luck and strategy, i agree that borrowing money just to gamble is a risky idea, sometimes you can win and earn some profit but it's not guaranteed every day

darkangel11

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Quote from: ikydesu on October 20, 2015, 08:40:45 AM

Quote from: katerniko1 on October 20, 2015, 05:41:12 AM

Quote from: YuginKadoya on October 20, 2015, 05:37:37 AM

Quote from: BTCevo on October 20, 2015, 05:15:11 AM

Not all gambler are borrowing money to gamble again, some of them are using that money to open a business so they can recover their loss slowly. I do not agree that you can't lend money to them if you are not believe it may be you can try to put some interest in it so you would be at the same benefit

Are you referring to borrow money to a gambler? or I'm reading it wrong lol Tongue

Well I'm pretty sure OP is referring to borrow money for gambling purposes and not in other stuff, and I'm certainly not gonna let gamblers to borrow money from me.

well i would borrow them ofc if they can repay.
you always profit some on intrest so i dont really care what they do with it.
regards.
-Katerniko1

Your kindness is will be disaster for you if you not consider who you lend. You should consider about what he/she collateral, it must equal with he/she amount and research first about he/she history. Better to give a lending to person who have good trust.

It doesn't mean he has to lend online using a bitcoin forum. I would of course lend money to anyone, but i'd never do it online using a fairly anonymous method like cryptocurrency.
Instead I'd make them sign a written agreement and get all their personal data. Safety first Wink

ikydesu

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Quote from: katerniko1 on October 20, 2015, 05:41:12 AM

Quote from: YuginKadoya on October 20, 2015, 05:37:37 AM

Quote from: BTCevo on October 20, 2015, 05:15:11 AM

Not all gambler are borrowing money to gamble again, some of them are using that money to open a business so they can recover their loss slowly. I do not agree that you can't lend money to them if you are not believe it may be you can try to put some interest in it so you would be at the same benefit

Are you referring to borrow money to a gambler? or I'm reading it wrong lol Tongue

Well I'm pretty sure OP is referring to borrow money for gambling purposes and not in other stuff, and I'm certainly not gonna let gamblers to borrow money from me.

well i would borrow them ofc if they can repay.
you always profit some on intrest so i dont really care what they do with it.
regards.
-Katerniko1

Your kindness is will be disaster for you if you not consider who you lend. You should consider about what he/she collateral, it must equal with he/she amount and research first about he/she history. Better to give a lending to person who have good trust.

Topic: Do you agree people barrow money for gambling? - page 10. (Read 18574 times)