Topic: Loans too risky? - page 20. (Read 67086 times)
if you want you bitcoin to loanyou can try out is lending technique in poloniex so savetyand this discussion board bitcointalk you can try out part lending you can use collateral system and escrow
Yes, loaning is a bad idea, it is too risky, your money will be lose like the air in the sky and cannot find it anymore. So better just hold your money in bitcoin rather than making a loan business. The risk involved in giving bitcoin loan is more than the profit which can be earned through interest of that loan.
Its really risky but there are still some people who do accept the risk and tend to proceed on this kind of business.I would say that loaning business is really profitable you can make money on a short span of time.Risk is always there on every any investments online but other people could still able to handle such risk,if they can do it,then for sure we can make it to.Its just a matter if you are a risk taker or not.
If you are true in your words and now you have 800 BTC,then don't take any risk of lending it as it would be a huge risk.Almost,you might loose 90% of your investment by lending.
So,it would be better to just hold your bitcoins in your wallet just as you did these years as it could yield you huge profits since bitcoin price is increasing in rocket speed.So,just store your bitcoins in cold storage and forget about it for atleast two years.
So,it would be better to just hold your bitcoins in your wallet just as you did these years as it could yield you huge profits since bitcoin price is increasing in rocket speed.So,just store your bitcoins in cold storage and forget about it for atleast two years.
Then just simply choose the people which will be allowed to get a loan while those who you don't trust but they really are willing then ask for a collateral. It really is risky but you can lessen that by those aforementioned. Anyway, holding that 800 BTC of yours will just surely bring you profit just by holding it in the long run. If it is true, surely you're very lucky.
Yes, loaning is a bad idea, it is too risky, your money will be lose like the air in the sky and cannot find it anymore. So better just hold your money in bitcoin rather than making a loan business. The risk involved in giving bitcoin loan is more than the profit which can be earned through interest of that loan.
Its really risky but there are still some people who do accept the risk and tend to proceed on this kind of business.I would say that loaning business is really profitable you can make money on a short span of time.Risk is always there on every any investments online but other people could still able to handle such risk,if they can do it,then for sure we can make it to.Its just a matter if you are a risk taker or not.
Yes, loaning is a bad idea, it is too risky, your money will be lose like the air in the sky and cannot find it anymore. So better just hold your money in bitcoin rather than making a loan business. The risk involved in giving bitcoin loan is more than the profit which can be earned through interest of that loan.
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
Lending money to people you don't know is not wise at all. And what makes it worst, is lending to a person you knew online and you can't meet him, which means that your chances of being scammed are bigger. 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
You should be careful who you do business with, especially that you're saying that you have a huge amount of money and you seem like you lack of information about cryptocurrency and bitcoin since you don't know what mining is. Try to take advice from someone you trust and have knowledge about all of this, otherwise, you will regret making wrong decisions in the near future.
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
Nobody can holding 800 Bitcoin for long term Or i should say longest are you sure you buy it on August 2010 and still holding it?.
Anyways Which loan you're taking about here .You mean taking loan from banks and converting them to bitcoins. Since bitcoin price is not stable and there are a lot of other factors which makes the loan btc option a bad one if the things don't go as expected in terms of price of bitcoins.
Any loans are too risky you know why because what if the time comes you cannot even pay your loan and you loose all your investments how can you pay the loan plus its interest. So better yet save save save if you wanted to invest it is hard if you will apply for a loan and you cannot even pay it you will just gamble.
Yes, loans are a risk. But if you use them wisely, then you can make good money on this. If we take a loan and buy bitcoin, then you can make money on this. But you need to choose the right time to enter the crypto currency
Any loans are too risky you know why because what if the time comes you cannot even pay your loan and you loose all your investments how can you pay the loan plus its interest. So better yet save save save if you wanted to invest it is hard if you will apply for a loan and you cannot even pay it you will just gamble.
if you want you bitcoin to loanyou can try is lending system in poloniex so savetyand this forum bitcointalk you can try out area lending you can use collateral method and escrow
In my own opinion, lending is a very risky business due the fact that the debtor can run away especially in bitcoin where there is no written agreement between the creditor and lendee and if you are doing this kind of business in this forum and due the fact that debtor is anonymous this business is very risky. you could ask the well known creditors in this forum to know what i mean. i suggest that
That is indeed correct that the loans are too risky because there is no assurance that the borrower will pay back your money because bitcoin is very hard to track down and it will be a burden for you if you will try to find where is the borrower. It is better if you really want to pursue loaning business to have a collateral from the borrower so if ever that he will not pay you back, you will have chance to get the money by selling the collateral.Loan is the risk one you will handle to care full for the closing process and most of the people tack the loan fort he risk one he felt he follow the every month it will give more money. If you know how to get the loan first you know the % it is the must for the loan. You want loan first ask the %, then it will get more information for the loan so care full and the loan it is the must for it
In my own opinion, lending is a very risky business due the fact that the debtor can run away especially in bitcoin where there is no written agreement between the creditor and lendee and if you are doing this kind of business in this forum and due the fact that debtor is anonymous this business is very risky. you could ask the well known creditors in this forum to know what i mean. i suggest that
That is indeed correct that the loans are too risky because there is no assurance that the borrower will pay back your money because bitcoin is very hard to track down and it will be a burden for you if you will try to find where is the borrower. It is better if you really want to pursue loaning business to have a collateral from the borrower so if ever that he will not pay you back, you will have chance to get the money by selling the collateral.
In my own opinion, lending is a very risky business due the fact that the debtor can run away especially in bitcoin where there is no written agreement between the creditor and lendee and if you are doing this kind of business in this forum and due the fact that debtor is anonymous this business is very risky. you could ask the well known creditors in this forum to know what i mean. i suggest that
Loans are inherently risky. Collaterals are used to curb that risk. Specifically applied to Bitcoins though, it's even riskier. There's no contract to speak of and no authoritative body that could enforce rules. This is why interest is pretty high.
On basically indeed a loans it's can invite a risk, because we will feel indebted and should be able to pay off that loans as we can and if we can't pay it of course it will be at risky. It's a good we've to really take into account in advance if we want to borrowing a money or bitcoin or whatever it is, so as not to harm and feel burdened by that loans.
Yeah, for me its too risky. I can't assure at loaning. Instead I will save by myself and grow it as I can. I know that its so hard to grow money nowadays because of our needs and wants also changes day by day.
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
Nobody can holding 800 Bitcoin for long term Or i should say longest are you sure you buy it on August 2010 and still holding it?.
Anyways Which loan you're taking about here .You mean taking loan from banks and converting them to bitcoins. Since bitcoin price is not stable and there are a lot of other factors which makes the loan btc option a bad one if the things don't go as expected in terms of price of bitcoins.
Loans are always risky at all time, cause if you are not careful in choosing the right one to give loans, your loans will be scammed. Nobody can know the future or the deep inside of some guys. So the safest way to giving loans is asking for collateral, and the basic rule is no collateral no loans. You should go to the lending threads which there are many lenders there. You could learn more experiences from them if you want to become a lender.
yeah for me it is way too risky since with loans i may get rid of a great deal of income to be honest
It's risky if you are not going to pay the loan, the money that you will borrow. There's no risk at all on this thing if you are the borrower but the risk will be burdened by the lender himself. And it's up to you on whom you are going to take the loan as a borrower and whom you are going to lend your money as a lender. This is a good business as the banks are surviving by this type of service.
I think this is natural, when we loan course we already know what the risk will happen. as long as we have good intentions and intentions then everything will be given ease, and I think loan is not at risk.
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