Topic: Loans too risky? - page 36. (Read 67086 times)
Any business venture or activity that is intended to give a return always has some amount of risk involved. Giving loans on this forum is a good venture for those who like to make a few coins on top of their bitcoin. However, not everyone is honest and other people come here for different reasons. Some will request for loans to gamble with a hope that they will multiply. As it is with gambling, they will end up wiping out everything and have nothing to pay back. Anyway, as long as you have their collateral, you should have no problem.
On the last days people are getting a big list of farmed accounts, and some of them had been sold already, as long the new owners does use them without damage the forum it should be ok, but i had saw some accounts being red tagged for taking advantage of signatures already, its getting harder to lend and accept accounts as colateral.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assuranceActually, Lending is very good business, but once you take this business, make sure that you are ready to face the consequences. Your concept was already whole, i mean all the possibilities in entering this business was already have formula to answer the situation. Giving Loans via virtual world is much riskier than giving loan and you have office that they can inquire with. Having physical office was more practical in this kind of business. Get a person that had experience with this kind of business.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assuranceActually, Lending is very good business, but once you take this business, make sure that you are ready to face the consequences. Your concept was already whole, i mean all the possibilities in entering this business was already have formula to answer the situation. Giving Loans via virtual world is much riskier than giving loan and you have office that they can inquire with. Having physical office was more practical in this kind of business. Get a person that had experience with this kind of business.
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
For whatever purpose someone might take a loan, if he is a scammer, he would be a risky fellow for the lender, so sometimes it really becomes risky to give away loans to the community, though you select the trusted people sometimes, but it still turns out wrong at the end because there are some people who buy or trade positive trust on this forum for such activities.
That's for sure. It is very hard to find an honest man. Sometimes deceive even those people who have a good reputation
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
For whatever purpose someone might take a loan, if he is a scammer, he would be a risky fellow for the lender, so sometimes it really becomes risky to give away loans to the community, though you select the trusted people sometimes, but it still turns out wrong at the end because there are some people who buy or trade positive trust on this forum for such activities.
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
If I will be the lender I won't allow someone to borrow bitcoins from if that would be the reason but still we can't assure even a borrowers reason will be changed. Still we can be uncertain, because they can just reason anything just to cover the main reason why they are borrowing and that will be gambling, so loans are the riskiest industry in finance and bitcoin.
For the purpose of gambling if someone asks for bitcoin, then the risk involved is high as mentioned in the above quote. This is because of there is no assurance that the user wins, so lending would be effective for the purpose of business start-ups and trading needs.
In my personal experience aside from bitcoin, a friend of mine ask me personal money and promised to return the amount after he won the gambling of cock fighting but suddenly after the promise risk is there and resulted to nothing was returned to me. Risk is always a risk after all so much more with bitcoin if your friend or someone in a group friends of btc user who ask for something you have no assurance at all but there were few who can fulfill their promises, same as the one who doesn't.
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
If I will be the lender I won't allow someone to borrow bitcoins from if that would be the reason but still we can't assure even a borrowers reason will be changed. Still we can be uncertain, because they can just reason anything just to cover the main reason why they are borrowing and that will be gambling, so loans are the riskiest industry in finance and bitcoin.
For the purpose of gambling if someone asks for bitcoin, then the risk involved is high as mentioned in the above quote. This is because of there is no assurance that the user wins, so lending would be effective for the purpose of business start-ups and trading needs.
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
If I will be the lender I won't allow someone to borrow bitcoins from if that would be the reason but still we can't assure even a borrowers reason will be changed. Still we can be uncertain, because they can just reason anything just to cover the main reason why they are borrowing and that will be gambling, so loans are the riskiest industry in finance and bitcoin.
All investment activities and work with finances - is the risk. We need to all be approached wisely and if these risks are reduced
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
Lending is a good business yes but you should keep in mind that not all loaners will pay even with a good collateral sometimes they just leave their collateral to the lender because they really does not want to pay. Here in Bitcointalk most of the loaner gives Bitcointalk account as a collateral, it is a good collateral as long as they signed the message incase they don't pay you can easily sell those accounts. But again as a lender you should prepare yourself for an event wherein loaners will not pay you.
Indeed mate.. It's a risky to have a lending business.. I agree most of lenders don't really have a plan to pay you especially if the loans too big. These are the common factors that will let your business drop and the problem is that once they run away you can't do anything to get your money back.
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Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assurance
Lending is a good business yes but you should keep in mind that not all loaners will pay even with a good collateral sometimes they just leave their collateral to the lender because they really does not want to pay. Here in Bitcointalk most of the loaner gives Bitcointalk account as a collateral, it is a good collateral as long as they signed the message incase they don't pay you can easily sell those accounts. But again as a lender you should prepare yourself for an event wherein loaners will not pay you.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assurance
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
I think lending is good business to grow bitcoin, of course there is a risk that is always there, but the risk can be minimized by requiring a high assurance, so that if they do not pay you still have that assurance Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
Loaning business is really a risky investment and scammers are there always even on offline or physical world. The difficult thing on online world that anybody could use anyones identity just to hide themselves even they present and give you the documents that you need you arent still assure that it was a legit person.You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
I agree and I also believe that it is more profitable and safe as well if your going to have a lending business out of the internet , it will be safe because you can have the information and identity of the person who wants to apply a loan from you personally and you can have a legal paper in order to avoid some unwanted consequences .
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
therefore before you give a loan to someone make sure that they are a trusted person, or you must get a guarantee that has a higher price than they asked forIf you are a wise investor especially when you do lending business you should really be smart enough to mind of the possible risk that may happen on lending money to other people. Lending is a risky business on the lendors side because anyone could not pay the said loan thats why we should really think of strong back-ups like requiring a strong collateral for their loan, if they intend to make a loan they should always prepare a good collateral and be sure the value is high compared to the said loan amount.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
therefore before you give a loan to someone make sure that they are a trusted person, or you must get a guarantee that has a higher price than they asked for 
Is there any thing that is not risky? Actually in the "real world" loan is not that risky because of the fact that the individual can be verified and also the collateral can equally be verified but on a forum like this you just have to rely on trust in which most people dont value even the accounts that is mostly used as collateral and I have seen, even after reading a lot of thread could be compromised and the individual, abandon everything all together. This and many other reasons makes it very risky but with various controls put in place, it ca definitely be controlled.
That's still has the risk, but in real world the risk is less compared to the online world. You are right, you can verify the information of loan applicants because you can see in them in actual. Jump to: