Topic: Loans too risky? - page 51. (Read 67086 times)
If you can get collateral, then it will protect you somehow. The problem with collateral is that now you have something, like an account, that you do not really want and have to sell to get your money back.
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
Dude you are lucky enough to risk their money is silly. To give credit, you need to have the assurance that you will be paying the loan with interest. And how are you going to do it. 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
I believe that loans are always going to be risky, that's why they are called loans. Especially if you are seeking to lend out with a lot of interest , you are definitely going to be carrying a lot of risks on your shoulders. I suggest that you just hold the bitcoins for now , considering the possibility for future price increases.
That is why I am not taking loans even in real life because the salary that you are going to get is the one that you are going to pay for your debt plus with the interest with it. But if the advantage of taking loans is that if you are unable to buy a property or car, then you can just go to the nearest bank and have your loan but still that is going to put you in deep debt.
I believe that loans are always going to be risky, that's why they are called loans. Especially if you are seeking to lend out with a lot of interest , you are definitely going to be carrying a lot of risks on your shoulders. I suggest that you just hold the bitcoins for now , considering the possibility for future price increases.
That is why I am not taking loans even in real life because the salary that you are going to get is the one that you are going to pay for your debt plus with the interest with it. But if the advantage of taking loans is that if you are unable to buy a property or car, then you can just go to the nearest bank and have your loan but still that is going to put you in deep debt.
Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
That is the wrong word, if you want to make a poll I think a lot of people will say wanna for borrow and will never pay back... it's why there is a collateral system to preventing the people is not wanna for pay back their loans.
I believe that loans are always going to be risky, that's why they are called loans. Especially if you are seeking to lend out with a lot of interest , you are definitely going to be carrying a lot of risks on your shoulders. I suggest that you just hold the bitcoins for now , considering the possibility for future price increases.
The key to avoid defaults and thus losses, is to accept loan requests only by providing a collateral from the loanee which is at least valued equally.
To give out loans without such securities is very risky. You will not be profitable at all.
The right practice of lending money online is to get a collateral from the borrower but should not be equal to the loan amount, it is always that the value of collateral should be more than the amount of loan to ensure that a certain borrower will pursue paying his loan once the due will come. To give out loans without such securities is very risky. You will not be profitable at all.
Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.
Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loanTake only a loan when you need something that is important and if you can pay it back.
Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
True, when you decide to make a lending online it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount they would be safe since its not their true identity that they gave.
But it also depends on our selection of the recipient of the loan. Indeed loan higher risk than the other way, because the borrower did not have a strong guarantee and also does not have a strong enough recognition when they are experiencing problems with payments already agreed.
The key to avoid defaults and thus losses, is to accept loan requests only by providing a collateral from the loanee which is at least valued equally.
To give out loans without such securities is very risky. You will not be profitable at all.
To give out loans without such securities is very risky. You will not be profitable at all.
Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.
I can make 10% profit in two days, but not from whole 800 BTC, it is too much. So you have excellent opportunity to make good and fast profit from your Bitcoins. 
I can say that in this world, with so many scammers, loans are really risky if you do not have the proper security to protect what you own.
But if you still want to loan someone, make sure you have collateral, in case that the borrower will default, so that way you can still get back the amount that he owed for your service.
Yeah you are right in this world full of crappy scammers , loans are really risky if you are have some to collateral and you are high rank then you have chance to make some loan in some member here in forums but make sure that you are going to paid it But if you still want to loan someone, make sure you have collateral, in case that the borrower will default, so that way you can still get back the amount that he owed for your service.
Ofcourse loans are too risky for both sides actually. the one borrowing money has risk of not being able to return it and getting into financiel problems. but the one that is loaning money to a person is also at risk of not actually getting the money back so yes too risky.
Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loanTake only a loan when you need something that is important and if you can pay it back.
Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
True, when you decide to make a lending online it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount they would be safe since its not their true identity that they gave.
But it also depends on our selection of the recipient of the loan. Indeed loan higher risk than the other way, because the borrower did not have a strong guarantee and also does not have a strong enough recognition when they are experiencing problems with payments already agreed.
Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loanTake only a loan when you need something that is important and if you can pay it back.
Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
True, when you decide to make a lending online it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount they would be safe since its not their true identity that they gave.
Loans can be a risky if you ask me but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
your statement that i underlined is definitely the main problem here,if people know that they can pay the loan back then why starting a discussion with a topic "loans too risky",doesn't make sense at all,so your statement above definitely not helping to resolve the problem,and i think most of people would only requesting a loan when really getting forced or in needTake only a loan when you need something that is important and if you can pay it back.
At least read the first post before you answer...
BTCJam was a disappointment since it was a constant steal of yoru money as borrowers ran with the money and nothing happened. Im not sure about how Poloniex loan system works and if its safer. I would like to get into it and start getting more money form y BTC.
Actually those loan amount is used in creating margin position in poloniex rather than handing it over to borrower so no way for him to run away with your money. I actually have done few margin trading with 2.5x leverage they provide, and the extra 1.5x for trading came from poloniex lending section which automatically deduct lending fee from your open position. I think it is safer than normal lending platform but nothing online should be considered secured. Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loanTake only a loan when you need something that is important and if you can pay it back.
Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
BTCJam was a disappointment since it was a constant steal of yoru money as borrowers ran with the money and nothing happened. Im not sure about how Poloniex loan system works and if its safer. I would like to get into it and start getting more money form y BTC.
Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loanTake only a loan when you need something that is important and if you can pay it back.
Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.
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