Topic: Loans too risky? - page 53. (Read 67086 times)
You just should make good name in this business, people always trying to scam other people but when you trusted and have good name, people are scared to do it.
There is the possibility for you to start out your own lending company here, and you can build trust in the forum. But you must, of course, to use escrow before going to get trust out of the people. But that's just my opinion about it.
There are some guys here with a lending business, but they can't make a real good profit unless they got big clients who come back on a regular basis.
If you only have micro loans, the risk vs reward vs time you invest, will in no way be profitable.
There is the possibility for you to start out your own lending company here, and you can build trust in the forum. But you must, of course, to use escrow before going to get trust out of the people. But that's just my opinion about it.
I used to get loans without any collateral, but I too follow a strict rule and always advice new people who are willing to lend anything, just don't lend anything unless you get any collateral which is 110 - 120% the worth of amount asked in loan... You won't possibly fall for scam if you will do it this way... 
Do you get a lot of offers for loans if you ask for collateral? Just wondering if I would make enough to make it worth my time.. Since people could just exhange the altcoin instead of taking a loan.
Actually loans is not always that risky. I mean, you also get the collateral too. But, remember to get good collateral and same as the money that you give loan.
The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.
well that's incase if the one who requesting loan doesn't provide any collateral,if the one who request loan could provide a collateral atleast worth 130% or even more,it'll be fine if it comes to defaulted loan,just sell the collateral,but still selling a collateral isn't that easy as i speakjust dont take a risk if you're not ready
why isn't it enought?!!
if the person doesn't pay his loan you can easily sell the collateral only if you have received a valid one which can be easily sold.
for example you can take LTC as collateral and sell it super easy to get your money back and even 110% is enough in this case.
In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
If you want to trust everyone you potentially can met online, and after a brief exchange of posts, PMs, chat you are willing to lend him/her your BTC then you are in trouble.And with proper collateral bitcoin lending is still very profitable business. Even if you sometimes won't receive your bitcoins back, with good collateral you will be still ahead.
Well especially if you are going borrow bitcoin here in forum the most effective way of giving a collateral would be your account. And the lenders are going to be choosy with it. They are going to choose only the borrowers that has a good account and has a highrank account here in bitcoin talk.
That is the only collateral that I can think of.
So i think we need to find other good collateral like invest some bitcoin in altcoin because some other members here in lender section are accepting altcoin as collateral. .
I used to get loans without any collateral, but I too follow a strict rule and always advice new people who are willing to lend anything, just don't lend anything unless you get any collateral which is 110 - 120% the worth of amount asked in loan... You won't possibly fall for scam if you will do it this way...
i never got a loan to be honest because it is way too risky for me, also i never give them because people can offer worthless stuff for collateral
In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
If you want to trust everyone you potentially can met online, and after a brief exchange of posts, PMs, chat you are willing to lend him/her your BTC then you are in trouble.And with proper collateral bitcoin lending is still very profitable business. Even if you sometimes won't receive your bitcoins back, with good collateral you will be still ahead.
In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
If you want to trust everyone you potentially can met online, and after a brief exchange of posts, PMs, chat you are willing to lend him/her your BTC then you are in trouble.And with proper collateral bitcoin lending is still very profitable business. Even if you sometimes won't receive your bitcoins back, with good collateral you will be still ahead.
I used to get loans without any collateral, but I too follow a strict rule and always advice new people who are willing to lend anything, just don't lend anything unless you get any collateral which is 110 - 120% the worth of amount asked in loan... You won't possibly fall for scam if you will do it this way...
i never got a loan to be honest because it is way too risky for me, also i never give them because people can offer worthless stuff for collateralI used to get loans without any collateral, but I too follow a strict rule and always advice new people who are willing to lend anything, just don't lend anything unless you get any collateral which is 110 - 120% the worth of amount asked in loan... You won't possibly fall for scam if you will do it this way...
i never got a loan to be honest because it is way too risky for me, also i never give them because people can offer worthless stuff for collateral 
In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
Bitcoin loans are both risky and not. If you made a loan for the purpose of converting it to cash and use it for families needs then it is okay. But if it will be used for investment especially hyip then its not worth it due to the risk. And lastly if you are planning to use it in gambling then it is the worst thing ever, since gamblingmay eat all your balance in just a short amount of time.
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
Actually, loan does not have to be risky- you can have good collateral, so you wont lose if somebody won't give money back, or you can justSomething 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
use the option where they wont scam you: for example at poloniex, in loans "palace"
In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
Loans without valid collateral are really risky, collateral need to have higher value then loan. In that case loaner can make profit with selling collateral to someone else.
If loaner do business like this, there is no risk for his loan. Banks are making profit for years in this way, loan sharks also. Risky work, but they are around so many centuries that its visible how much profit thwy make each year.
I took loan from bank, and I'm paying them back every month for that. I needed cash and for me that was only way to acquire cash without doing something illegal.
If loaner do business like this, there is no risk for his loan. Banks are making profit for years in this way, loan sharks also. Risky work, but they are around so many centuries that its visible how much profit thwy make each year.
I took loan from bank, and I'm paying them back every month for that. I needed cash and for me that was only way to acquire cash without doing something illegal.
yeah it might be really risky thats why i never give any loans or take it
You are doing correct. giving and taking loans is very risky.. but if you get a valid collateral at the time of giving the loan. your risk will be reduced so much. even if the person who took the loan won't pay back your money, you can sell the collateral at the 120% price of the loan amount and get your money back with 20% profit. that's what nowadays lenders doing..maybe you could borrow 0.1 BTC bail hero account member. maybe it will be very safe for you to lend money?
The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.
well that's incase if the one who requesting loan doesn't provide any collateral,if the one who request loan could provide a collateral atleast worth 130% or even more,it'll be fine if it comes to defaulted loan,just sell the collateral,but still selling a collateral isn't that easy as i speakjust dont take a risk if you're not ready
why isn't it enought?!!
if the person doesn't pay his loan you can easily sell the collateral only if you have received a valid one which can be easily sold.
for example you can take LTC as collateral and sell it super easy to get your money back and even 110% is enough in this case.
The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.
well that's incase if the one who requesting loan doesn't provide any collateral,if the one who request loan could provide a collateral atleast worth 130% or even more,it'll be fine if it comes to defaulted loan,just sell the collateral,but still selling a collateral isn't that easy as i speakjust dont take a risk if you're not ready
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
The best way is to give loans to those people to whom you personally know as if you give loans to those people who you do not know or those people will live far away from you then at default it will be hard for you to get that amount from them.
well that's incase if the one who requesting loan doesn't provide any collateral,if the one who request loan could provide a collateral atleast worth 130% or even more,it'll be fine if it comes to defaulted loan,just sell the collateral,but still selling a collateral isn't that easy as i speakjust dont take a risk if you're not ready
Jump to: