Loans too risky? - page 34. | Bitcointalksearch.org

Ziskinberg

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Quote from: Botnake on December 19, 2016, 11:10:48 PM

Quote from: ArdiPrabowo on December 19, 2016, 03:09:59 PM

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

It's either you invest in online lending or not, the risk is too high when it comes to online investment but great opportunities are here because the market is good since we are connecting with other countries, with that reality, it is our job as an investor to ensure we are doing what is best to minimize the risk and work to ensure we can still carry our business profitably.

grta14

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well the ideal of giving one loan is really a risky business that while before you can give anyone load you should have or must have collected something worth over times two from that person should in case he or she fails to repay back the load at the said date, so that you wouldn't be at lost, given loan is very risky.

Botnake

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Quote from: ArdiPrabowo on December 19, 2016, 03:09:59 PM

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

ArdiPrabowo

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all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

Bigdan

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Quote from: buwaytress on December 18, 2016, 07:22:25 PM

I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

That's correct, nobody can invest with small bits except to gamble and I agree that the regulations surrounding these seemingly small loans need to be strict because most of these gamblers are addicted and to get them to pay back could be Herculean so it need be so.

Wandering Soul~

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Quote from: leepfrog on December 19, 2016, 10:28:27 AM

Quote from: crwth on December 19, 2016, 10:25:40 AM

Loaning is wrong if you lend it to unknown people. You can't just give away your money. You're lucky that you've been an early part of bitcoin. You're a rich guy now. So I think you don't need to grow your money anymore, just enjoy your little investment.

I am an early adopter but you always need to increase your btc holdings.

You will be fine if you just managed loans risks. Yes if you lend it to unknown people there will be high risks but if you lend it to a unknown people with a valid collateral then in this case the risk will be less.

Lol. There are people here who cant buy a bitcoin thats why they are earning them and yes you always need to increase your holdings cause the bigger the capital the bigger the profit. Plus there are always a people like me who are earning extra income through bitcoin. If we have time we can use this to earn. The more things you do the more chances that there will be more income

lol3c

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Quote from: freedomgo on November 24, 2016, 02:17:56 AM

Loan are risky in general but it's riskier when no hard collateral involve. In online world we cannot expect hard collateral so lender must be careful with their money.

It is really necessary to require collateral from people who ask for loans. More than that, you must also know what that collateral is and what it use for so that you can easily estimate its price. You need to have knowledge about many types of account, domain, digital goods and online service in order to work well with your loans job

ethereumhunter

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Quote from: Weatherby on December 19, 2016, 09:18:34 AM

Quote from: freedomgo on November 24, 2016, 02:17:56 AM

Loan are risky in general but it's riskier when no hard collateral involve. In online world we cannot expect hard collateral so lender must be careful with their money.

Getting a loan is also not that easy if you are not having any collateral.So if you have the necessary details and collateral then loans are not that risky as you think

i think if we want to give loans, we should think about the people which will borrows from us, because we can not give our money as loans with someone that we don't know details, its just for prevent if someday that person will run away with our money. but as i take a look in the image that OP give, i will not make any loans to others, because i want to keep it in my wallet and sold when the price is really gets high.

leepfrog

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Quote from: crwth on December 19, 2016, 10:25:40 AM

Loaning is wrong if you lend it to unknown people. You can't just give away your money. You're lucky that you've been an early part of bitcoin. You're a rich guy now. So I think you don't need to grow your money anymore, just enjoy your little investment.

I am an early adopter but you always need to increase your btc holdings.

crwth

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https://linktr.ee/crwthopia

Loaning is wrong if you lend it to unknown people. You can't just give away your money. You're lucky that you've been an early part of bitcoin. You're a rich guy now. So I think you don't need to grow your money anymore, just enjoy your little investment.

Weatherby

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Quote from: freedomgo on November 24, 2016, 02:17:56 AM

Loan are risky in general but it's riskier when no hard collateral involve. In online world we cannot expect hard collateral so lender must be careful with their money.

Getting a loan is also not that easy if you are not having any collateral.So if you have the necessary details and collateral then loans are not that risky as you think

Zadicar

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Quote from: Kasabus on December 19, 2016, 03:15:09 AM

Quote from: Zadicar on December 19, 2016, 03:00:56 AM

Quote from: bajing on December 19, 2016, 01:02:16 AM

Quote from: buwaytress on December 18, 2016, 07:22:25 PM

I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

The lender will not care about the money borrowed for it, they just want to know that their money back with a profit that has been agreed upon at the beginning. you use for gambing,hyip,trading is your own choice but before you thinking to lending a money thinking first about to repay it.

If we do make a loan to someone we should really be responsible enough on how to repay those amount in the said deadline.The risk of having a lending business is that borrowers dont tend to repay them when it hits the due day thats why its really recommended that you must get a strong collateral before you lend a certain person an amount so that incase they cant repay the said loan atleast you have the collateral and wont go zero or on negative.

Collateral cannot secure the loan all the time, with online good or whatever you call it as your collateral it's not as valuable as the amount we lend, therefore we have to manage the risk, if possible go into volume of clients than big volume of amount being release for a loan.

In that way, you can still continue your business even if some will not be able to repay.

You are wrong.Having collaterals will somehow secure you incase people would not repay the loan thats why it should be strictly followed and also you cant just accept any collaterals that dont have value.When theres a person who would like to loan then always ask for a valuable collateral which is 120% cost/value more into the amount that he would like to loan and as a wise investor you know already which is valuable or not.

Kasabus

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Quote from: Zadicar on December 19, 2016, 03:00:56 AM

Quote from: bajing on December 19, 2016, 01:02:16 AM

Quote from: buwaytress on December 18, 2016, 07:22:25 PM

I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

The lender will not care about the money borrowed for it, they just want to know that their money back with a profit that has been agreed upon at the beginning. you use for gambing,hyip,trading is your own choice but before you thinking to lending a money thinking first about to repay it.

If we do make a loan to someone we should really be responsible enough on how to repay those amount in the said deadline.The risk of having a lending business is that borrowers dont tend to repay them when it hits the due day thats why its really recommended that you must get a strong collateral before you lend a certain person an amount so that incase they cant repay the said loan atleast you have the collateral and wont go zero or on negative.

Collateral cannot secure the loan all the time, with online good or whatever you call it as your collateral it's not as valuable as the amount we lend, therefore we have to manage the risk, if possible go into volume of clients than big volume of amount being release for a loan.

In that way, you can still continue your business even if some will not be able to repay.

Zadicar

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Quote from: bajing on December 19, 2016, 01:02:16 AM

Quote from: buwaytress on December 18, 2016, 07:22:25 PM

I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

The lender will not care about the money borrowed for it, they just want to know that their money back with a profit that has been agreed upon at the beginning. you use for gambing,hyip,trading is your own choice but before you thinking to lending a money thinking first about to repay it.

If we do make a loan to someone we should really be responsible enough on how to repay those amount in the said deadline.The risk of having a lending business is that borrowers dont tend to repay them when it hits the due day thats why its really recommended that you must get a strong collateral before you lend a certain person an amount so that incase they cant repay the said loan atleast you have the collateral and wont go zero or on negative.

error08

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Quote from: zachmartus on February 24, 2016, 11:13:28 PM

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

Well, that's a huge amount of bitcoin and how lucky you had bought them in 2010 and hold it for 5 years?
I think it's a good evidence of real holder and we know how much we could get in the end of waiting time.
But, I like about the date (February, 2016) and the image proof shown BTC1 = 423.2 9 and this is the end of the year which the price reach $790, almost a 100% increase. Yes, loan is too risky to loss your bitcoin and I recommend to transact with only trusted people on the forum or use escrow, but I prefer to hold your bitcoin for another 5 years. You're a Millionaire man.

millgates

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Quote from: ?? on ??

Quote from: Shary on December 16, 2016, 07:01:07 AM

Loan is not safe. and nothing is safe with the crypto currencies. be careful

It depends on how you are going to loan or lend it for the people who you don't know. For me, loans are yes risky but it is helpful for those people who are truly in need. And it is just going to matter on how you are going to use that loan, if you will allow borrowers to loan just because of their gambling addiction, then that's going to be a real risk.

I agree with you it is depend on us. Although I don't suggest anyone to loans their bitcoin becouse I think it will be better if we trade our bitcoin. I disagree with the statement that said "nothing is safe with the cryptocurrency", it is safe, those bitcoin investment site that were turned in to a scam becouse those were not regulated by government.

bajing

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Quote from: buwaytress on December 18, 2016, 07:22:25 PM

I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

The lender will not care about the money borrowed for it, they just want to know that their money back with a profit that has been agreed upon at the beginning. you use for gambing,hyip,trading is your own choice but before you thinking to lending a money thinking first about to repay it.

buwaytress

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I looked at some of the loans requested and some are so small, with such tight deadlines for return, that I can't imagine anyone borrowing other than to gamble in casinos or hyips. Pretty sure lenders also know this.

Shenzou

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Don't take it as an offense but i don't recall that bitcoin ever drooped below 150$ , even when it started it was not that low , and you having 800 BTC i mean no one in the word ever had or will have that amount , and as for Loaning it is risky since you are giving something for a person and that person has a thing called greed and if he wants to take it he can , and loans are not something that is good you only get a small amount compered to the amount of time , but if you are really interested there are sites like BTCjam which the leader website in the loaning , you can give as much as you want for as many projects as you want.

Ayers

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Quote from: butcherboss on December 16, 2016, 06:45:28 AM

Well if you do actually have 800 BTC loaning would not be a good way to grow it. Loans over here are really small and will take a long time for you to get even 1% profit on your total balance. BUt if you just want to invest a small amount in loaning business then make sure you have a valid collateral when loaning so that if someone scams the BTC then you can always cover it with no collateral.

No Collateral = No Loan

well 1% of 800 is a big amount, 8 btc would mean $6k, if this amount is done within one year it's still a very big amount, loan work good as a side job imho,, it should not be considered your only income of course but it's help if done right with collateral like you said

Quote from: Shary on December 16, 2016, 07:01:07 AM

Quote from: zachmartus on February 24, 2016, 11:13:28 PM

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

Loan is not safe. and nothing is safe with the crypto currencies. be careful

it's safe if you take collateral that are not worthless, like altcoin, but good collateral like real life thing with real value, and it's better to use escrow in any case

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