Topic: Loans too risky? - page 10. (Read 67086 times)
It only becomes risky depending on the agreement between the lender and the borrower. There are times that the borrow does not fully understand the contract or agreement that he or she is getting into. That is why it leads to misunderstanding and even anger to the lender. We need to understand that we are given a choice and we are not forced to loan.
Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only to your loan. Its like nothing happened in your investment.
Loans or lending is one of the most risky business Ive known for now even the borrower submitted all the needed documents or have a valid collateral still you have no assurance if they will pay on a promise date of repayment I will rather hold my bitcoin in my wallet instead of entering a lending.
So hopefully not to finance loans with more resources are not credited specifically if the loan without your loan or loan does not know who might be indebted to you if you cheat and can only get in trouble. If you lend a bitcoin between your friends who use bitcoin do not finance if you do not know specifically whether there is a collateral. Due to the fact you may find a scammer.
Yes, loaning is too risky without a proper platform to carry it out, where collateral can be given by the borrower. However, some lending platforms currently do exist, and one which is gaining traction is ETHLend.
It's important to require a collateral so you have something to sell in the event the borrower will default, in the world of crypto the KYC is a big problem especially if your are doing a micro loans because most likely your borrowers might not be able to repay after they enjoy the money. If there are ways to minimize the risk then I guess lending online is good but based on my observation it's not profitable anymore without verifying your borrower's capacity to pay.
many are based on loans that are at risk in cyberspace, but for the real world is not a risk but there is a very risky guarantee that exists today, many things you should know to make loans anywhere. now it's a lot of virtual worlds that do for loans and just have to rely on their respective beliefs that are not appreciated by most people, many use the account as collateral and I see, even after reading many threads it can be compromised and individuals, get rid of it. but with various controls enacted, it must be well controlled.
Yes, loaning is too risky without a proper platform to carry it out, where collateral can be given by the borrower. However, some lending platforms currently do exist, and one which is gaining traction is ETHLend.
Loans are risky in every way. There are many scammers around that want to use the advantage of a loan without collateral. Escrows are needed if the big loans are given to the lenders. I would recommend you to invest your money somewhere else or just hold it and try to be patient. You already have enough of the BTC and the accumulation trough the time will only grow.
I think I agree with that loans are too risky here because we don't even know them if they will truly pay what they loan to get to us and I think that's not better to give here but if there are people who can trust we can give them loans.
When it comes to your bitcoin you should not trust anyone, bitcoin is simply too valuable and it is going to become even more valuable, besides bitcoin is supposed to be a trustless coin once you give your money to someone else you cannot get it back if that person does not want to repay you.
If I were you I definitely would not even consider loan as an investment, you have done with crypto I guess I would invest all of them in gold
that sounds ... at least awkward, a guy who owns 800 btc can only think of loaning ?? lol. wel, assume you are honest on what you wrote, reading this forum you will find mcu better alternatives use of that funds. best of luck ))
Loans are always risky at all times, because if you are not careful in choosing the right to lend, your loan will be scammed. No one can know the future or the inside of some people. So the safest way to lend is to ask for collateral, and the basic rule is no guarantee without a loan. You have to go to the existing loan thread of many lenders there. You can learn more from them if you want to become a lender.
yes loans is too risky. you said that you have 800BTC, there's so many things you can do in that like investing or build your own business. and also try mining i think its good too
I think the best thing he could do with his is hold it for a long period of time because if he hadn't sell his until now he is already a millionaire or billionaire in some countries. If he loan his back then his profit will not be like what he has now. Everything is risky when it comes to spending your money or trying to invest in projects or businesses but I think investing in is much better than other things.
The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.
Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.
That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.
Having a strong collateral would be the basis when you should give a loan to someone thats why its important to look for collaterals so that if they dont pay their loans then you have a thing to get from them which is also a good return for you and make sure those thing would be more valuable than the loan amount.
Loan is too risky if you cant pay it, Loan the amount that you can pay so that it is not risky, and loan if you need it in emergency for your family, dont loan if you need it in investment and other no value things. And its risky even if we have a big or small salary income..if we don't know how to manages it properly.
Bitcoin is precious right now. It has ups and downs but calculation for the long term and the most profitable method for acquiring even larger amount from the current amount you are keeping would be storage without doing anything. The loans are very risky and in most cases, collateral must be included and also the loan without the escrow is the bad choice for both sides. If you are possessing that huge amount of BTC the best would be to keep it for the long term because the Bitcoin has the market cap and it has number limitation. Bitcoin will rise for sure and not one loan will bring you the profit comparing to the safekeeping.
If you have a work that has a fixed salary Loans for you will be okay because can payback from your salary. But if you do not have any work it's very risk for you, because you did not have any income to pay it back.
Yes its too risky you will heavily in debt .
Loans are not too risky. It depends on how you use your loans. If you will use it and you have a good income it is good. As long as you use your loans in good way.
Loans are risky only if you get too much from the bank that cannot afford to pay it. Thinking of your financial budget because take a loan that can reduce the risks.
I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?
Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
No offense but i don't believe in what you say you have that amount of bitcoin but let us assume you have that kind of amount, it would be better not to invest in loans instead use your money on vacations and leisures. 800btc is too much to spend and if you still want to invest it better invest only half or a portion of your earnings to some ico's. That was the best option i have in my mind in that kind of amount you have.
I will not even give loans if i had 20 bitcoins, 800 is too much for you to even consider giving loans whiles you can hold for longer or sell a part and hold the rest,. I don't think OP is making a good decision if he considers giving loansd with that munch of bitcoins. what is even the guarantee that those loanees will be paying them back?
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