Collateral is a must, and most of the time the offered collateral is the forum account here in bitcointalk. That is why most of the users who can get loan is the higher rank and no newbie can get a loan.
That is why loan is very risky method to earn bitcoin, much better to give loan personally which you know the person who applying and you can chase them if they do not pay.
Topic: Loans too risky? - page 14. (Read 67099 times)
Loans only become risky depending on the agreement between the one will avail the loan and the lender. If you see any suspicious statement in the agreement then you must not hesitate to not sign it or agree with it, because it might cause one to be more helpless. This is what lenders usually do.
When a person who are badly in need of money they would take a risk to apply for loan in order to address their needs. It is right that it is too risky to take. We do see how it goes, the process is very hard to deal with. It is something that we dont want but then the last option we take if we are left with no choice. The percentage rate annually or monthly is too high sometimes since different debtor has different rates but then they are the same adding a certain amouny of money to principal amount a person has borrowed.we consider bitcoin as a blessing since its purpose is for us to earn bigger without paying it back in return and without interest rate added. Bitcoin surely addressed all financially ill people and they would not need to take a risk for loan.
Yes its true there is no doubt that loan is too risky for everyone I think if you want to get loan from any bank so first of all you must have a good source of income because if you don’t have a source of income or you left your job then I think you can be in a trouble so I think we need to avoid loan because its very hard to return as well so I believe that once if you join bitcoin so you can earn too much from bitcoin and you will not need to get any loan. 
Yes, because we couldn't pay loans in just a time making more interest on loans are almost risky. We can't comply our family's needs because some of our salary are be going in taxes. It is sad to say that btc are very helpful in terms of finances. But still I didn't get any sort of amount to this.
Your only job is to prevent or lower the risk involved or else youll be scammed thats a common sense to everyone. Why would it be risky if you both have the agreements or the terms on your loans or lends. And of course you have to picky by it just pick the reputable ones and dont be fooled by full members below.
It's not by rank actually, even if you both have an agreement prior to the transaction, the risk is still on the lender since there is not precious collateral that would force a borrower to pay his debt.
We are only doing our business based on trust, so if we trust a member we lend money to him/her but there is no assurance that the loan will be repaid.
Loans always are the most risky way but with collateral will reduces the percents of risky. Loans are very profitable too that's why they are doing it even with the big risky.
When you loan out you need liquidity and when you just rely on the collateral but people are not willing to pay then you will have a problem.Do a micro loan online because that way you can manage the risk and minimize it, volume of borrowers are more important and just give a small amount.
When a person who are badly in need of money they would take a risk to apply for loan in order to address their needs. It is right that it is too risky to take. We do see how it goes, the process is very hard to deal with. It is something that we dont want but then the last option we take if we are left with no choice. The percentage rate annually or monthly is too high sometimes since different debtor has different rates but then they are the same adding a certain amouny of money to principal amount a person has borrowed.we consider bitcoin as a blessing since its purpose is for us to earn bigger without paying it back in return and without interest rate added. Bitcoin surely addressed all financially ill people and they would not need to take a risk for loan.
Loans always are the most risky way but with collateral will reduces the percents of risky. Loans are very profitable too that's why they are doing it even with the big risky.
It isn't good way to earn money, load need big capital that will be more useful for day trading. Maybe loan will give nice profit in long term but its also make us miss many chance to grow the money in investemnt like trading.Lending is good but of course risks are always there and yes collateral could compensate for that or guarantor
Loans always are the most risky way but with collateral will reduces the percents of risky. Loans are very profitable too that's why they are doing it even with the big risky.
It isn't good way to earn money, load need big capital that will be more useful for day trading. Maybe loan will give nice profit in long term but its also make us miss many chance to grow the money in investemnt like trading.Lending is good but of course risks are always there and yes collateral could compensate for that or guarantor
Loans always are the most risky way but with collateral will reduces the percents of risky. Loans are very profitable too that's why they are doing it even with the big risky.
It isn't good way to earn money, load need big capital that will be more useful for day trading. Maybe loan will give nice profit in long term but its also make us miss many chance to grow the money in investemnt like trading.
Loans always are the most risky way but with collateral will reduces the percents of risky. Loans are very profitable too that's why they are doing it even with the big risky.
Very good, hurry, join us quickly and look forward
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
really loan is too risky as of my experience,it is so nice if you have your first loan,but little by little if your bussines will stop so, how can you pay your loan.thats why idd rader wait for my slary than to loan. 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
Buy some hotels in different parts of the world and just relax and enjoy the passive income.
Loans risky because even on a collateral of an fair account hold you canot sell it properly if the loaner failed to comply for a week or so. Some transactions are also risky if you dont have enough knwoledge about it and selling an account is also risky to begin with.
That is a mistake you make, almost any BTC loan will not be returned if the borrower does not have adequate collateral. Because Bitcoin is anonymous, you will not be able to sue or make that person pay for you, without any information about it, that will never happen. I have seen some new ICOs with mortgage lending and it is really developing
This is what makes lending in bitcoin so risky, you cannot lend without a collateral and most of the time if you look at the lending section of the forum some people want to use some icos coins as collateral that are likely to go back to zero, so most lenders only accept good coins as collateral but then that defeats the purpose for the borrower to ask a loan. Well many of the guys in the lending section are red flagged because of the poor reputation in terms of unserviced loans they have taken or stolen from people. Its way too risky to start a loan business if you don't have a way of collecting or settling the disputes that may arise.
Yeah and i wonder why there still are people making that huge risk. I don't think there's any collateral that can come up to what you're going to lose if you're scammed or not paid.
That is a mistake you make, almost any BTC loan will not be returned if the borrower does not have adequate collateral. Because Bitcoin is anonymous, you will not be able to sue or make that person pay for you, without any information about it, that will never happen. I have seen some new ICOs with mortgage lending and it is really developing
This is what makes lending in bitcoin so risky, you cannot lend without a collateral and most of the time if you look at the lending section of the forum some people want to use some icos coins as collateral that are likely to go back to zero, so most lenders only accept good coins as collateral but then that defeats the purpose for the borrower to ask a loan. Well many of the guys in the lending section are red flagged because of the poor reputation in terms of unserviced loans they have taken or stolen from people. Its way too risky to start a loan business if you don't have a way of collecting or settling the disputes that may arise.
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
Loans are risky if there is no smart contract available, so if you want to help people take all the measures necessary with the help of a smart contract.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
The risk factor associated with loans are what needs to be dealt with before anything else, talking about smart contracts i think they are laudable but is everyone aware of that? Most of the people i know are only used to the conventional loan setting where you take a loan for an interest and loaning bitcoin online or anywhere could be even more challenging than what we do in our respective countries.
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
Loans are risky if there is no smart contract available, so if you want to help people take all the measures necessary with the help of a smart contract. 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
on the one hand it is dangerous, because you are driving yourself into a debt hole...on the other hand, you can realize your dreams here and now...depending on who has what priority
Life in itself comes with risks and the choices we make and it's accompanying risk will determine where we'd be tomorrow. I think if you plan to profit from giving loans then you should be ready to deal with bad debts and late payments.
Jump to: