Loans too risky? - page 28. | Bitcointalksearch.org

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Sled on July 06, 2017, 06:35:41 AM

Quote from: mdripon on July 06, 2017, 03:42:30 AM

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

No risk no gain is not applicable in all types of business that has a risk because loaning is one of the risky business available here and if you are making a loaning business in the internet then it is sure the riskiest business available because you cannot tell if you are going to get pay backs from your customers because there is a lot of people who are wise and they take advantage of kind people to scam them and ran away with the scammed money.

i think there is so thing different between risk and take a bling decision, for example if a am sure that if a person will take loan from me then may not be in position to collect the loan from him, then why should i give him loan. that is really a blind decision.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: mdripon on July 06, 2017, 03:42:30 AM

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

No risk no gain is not applicable in all types of business that has a risk because loaning is one of the risky business available here and if you are making a loaning business in the internet then it is sure the riskiest business available because you cannot tell if you are going to get pay backs from your customers because there is a lot of people who are wise and they take advantage of kind people to scam them and ran away with the scammed money.

mdripon

full member

Activity: 308

Merit: 100

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

mrfreezeh

sr. member

Activity: 348

Merit: 250

Quote from: Paid Piper on July 05, 2017, 07:48:11 PM

Quote from: Teraboy on July 05, 2017, 04:52:28 AM

Quote from: batang_bitcoin on July 05, 2017, 02:20:27 AM

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.

to me i personally do not like loan, as there nothing to say about the price of bitcoin and if the price unexpected comes down then it will become difficult for me to return the loan.

But if you can make good with the loans and Margin trading from exchange site as Poloniex, you can earning a huge profit in short-term and can pay small fee for loans, but remember only for "short-term" Grin

Paid Piper

sr. member

Activity: 329

Merit: 254

Quote from: Teraboy on July 05, 2017, 04:52:28 AM

Quote from: batang_bitcoin on July 05, 2017, 02:20:27 AM

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.

to me i personally do not like loan, as there nothing to say about the price of bitcoin and if the price unexpected comes down then it will become difficult for me to return the loan.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: grermezter on July 05, 2017, 05:42:32 AM

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Why do you even bother to loan your bitcoins and risk losing it when people don't pay at all, it's more prudent to hold the bitcoins and see your profits quadruple in a few years or months. I advise you don't enter into the loaning business at all.

Yes, stay away from loaning business because it will not help you to earn money and you are just risking your money to the possible scammers that will borrow money from you. Find other possible source of income aside from loaning business or just hold your bitcoins because it is much safer than loaning business but the best for me is just to invest in some coins for long term also like what you are doing in bitcoin.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Why do you even bother to loan your bitcoins and risk losing it when people don't pay at all, it's more prudent to hold the bitcoins and see your profits quadruple in a few years or months. I advise you don't enter into the loaning business at all.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: romero121 on July 05, 2017, 02:33:52 AM

Quote from: batang_bitcoin on July 05, 2017, 02:20:27 AM

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

This is just the way by which lending is done. Truly speaking the same is not effective with every user which makes lending service more risky. Importantly the legitimacy of the collateral is a must that need to be checked before providing the requested amount. There are users who provide fake collaterals and try to cheat causing the lender into loss.

Well the lenders can verify the legitimacy of the collateral that the borrower is presenting to them because they had the experience and they are the one to decide. And for those borrowers that will try to cheat well for sure they had penalty that will be done or any action regarding to that move.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: batang_bitcoin on July 05, 2017, 02:20:27 AM

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

The main thing has used by the bank that the collateral must be worthed more than the value of the amount will be given to the lenders. That makes the borrower will be scared to fuck off with all of the money. that will be pushed the borrowes to pay off the loan.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: bitllionaire on July 05, 2017, 03:49:02 AM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

i never remain in favor of loan for bitcoin. although it very much possible that the price of bitcoin will increase in future but still the fluctuation is always there and therefore no one can say anything so clear about the price of bitcoin and specially those people who can come in pressure to soon, specially those who do not have experience in short term investment.

That's the risk of bitcoin. When you borrow the bitcoin and you convert it to fiat then the bitcoin price goes up. Maybe it will be a bad thing for you because of course you will buy more expensive bitcoin to pay the debt. That's the risk of loan in bitcoin

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

i never remain in favor of loan for bitcoin. although it very much possible that the price of bitcoin will increase in future but still the fluctuation is always there and therefore no one can say anything so clear about the price of bitcoin and specially those people who can come in pressure to soon, specially those who do not have experience in short term investment.

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

Quote from: batang_bitcoin on July 05, 2017, 02:20:27 AM

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

This is just the way by which lending is done. Truly speaking the same is not effective with every user which makes lending service more risky. Importantly the legitimacy of the collateral is a must that need to be checked before providing the requested amount. There are users who provide fake collaterals and try to cheat causing the lender into loss.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

There are options before a borrower will be approved, if he is a trustworthy member here he can have a smooth and decent request from the lender. But for some that aren't known they need to present a valid collateral in able to be approved by the lender but if the collateral isn't enough to their asking amount, possibly they will be rejected or amount will be lowered.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Wowcoin on July 04, 2017, 06:26:02 PM

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

Risky for those who are operating their business because it's just all about the trust, and if the borrower will choose not to pay then you can't do anything to enforce the collection since the collateral is not that valuable which in most cases are just your forum account set as collateral.

Wowcoin

hero member

Activity: 910

Merit: 507

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Yes loan is so risky especially in bitcoin and here in forum some members are take a loan but their an options before they get their loan.
Yes this kind of business are risk because once lenders didn't pay for what he get that is a big problem.

whaawh

sr. member

Activity: 714

Merit: 251

Quote from: batang_bitcoin on July 04, 2017, 05:14:26 PM

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Working with a crypto currency is understandably a lucrative business, and you can build a business on this too. It's also not bad, but the fact is that risks are always present and if this applies to me, for example, it happens that I work at the exchange of arms, I'm just afraid of making a lot of mistakes .

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Basmic on July 04, 2017, 09:50:27 AM

Bitcoin is not suitable for deposits and loans due to its instability. During the year the price could rise by 100 percent or more. Name me one suicide which is ready to take out a loan at 100% per annum. Bitcoin can only be used for trading.

If you know that there are people here who is making it as a business. They know that loans are too risky and it's both making awareness for lender and borrower. Bitcoin is a currency and it's not just for trading, it's also good for loans and the forum has the lending section. But this business is also a risk in the part of lenders.

Barcode_

staff

Activity: 3136

Merit: 570

Join the world-leading crypto sportsbook NOW!

Giving loans to trusted members and earning interest when they payback the loan is a very good way to earn some extra money, but always make sure to collect a collateral of at least 120% of the amount you loan out to safeguard yourself should they default on the loan and ran away with the money, giving loans is not a risky business if you know the proper way to secure a valid collateral from the lender.

ClaraLuV

full member

Activity: 236

Merit: 100

Presale is live!

Quote from: Rufsilf on July 04, 2017, 10:02:37 AM

If you are the person who will give loans then it is probably risky because the person who is taking the loan might not pay back to you and that is when the loans are so risky for a businessman like you, so it is best to try other sources of income or if you can't find other source of income then you need to required at least a good collateral.

If the individual providing the loan is collecting the collateral for the loan then the risk is minimal,there is not much risk involved if you are able to provide the loan only if you are getting a good collateral and reject the rest,even if you look at this forum there are people giving out loans,loans without collateral are risky but most of them are playing safely.

P2Pfinder

full member

Activity: 249

Merit: 109

Quote from: Rufsilf on July 04, 2017, 10:02:37 AM

If you are the person who will give loans then it is probably risky because the person who is taking the loan might not pay back to you and that is when the loans are so risky for a businessman like you, so it is best to try other sources of income or if you can't find other source of income then you need to required at least a good collateral.

On a good Asset Allocation, Unsecured loan should be no more than 2,5 -3% of total asset value. So if you have 100 bitcoin, you should invest no more than 3 bitcoin on unsecured loan (i invested 5% but i was luky ). Also, never go all in one.

Topic: Loans too risky? - page 28. (Read 67086 times)