Topic: Loans too risky? - page 54. (Read 67086 times)
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...
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.
Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.
That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.
Having a strong collateral would be the basis when you should give a loan to someone thats why its important to look for collaterals so that if they dont pay their loans then you have a thing to get from them which is also a good return for you and make sure those thing would be more valuable than the loan amount.
Loan is too risky if you cant pay it, Loan the amount that you can pay so that it is not risky, and loan if you need it in emergency for your family, dont loan if you need it in investment, dont risk the money that you loan in betting sites or gambling.
It can be risky provided you do not know to whom you are giving or not taking the collateral as a security or giving too much of a loan.
if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing
so true . with the escrow we can feel safer. because the escrow function is as a liaison between the borrower and also lend it.
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.
Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.
That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.
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.
Yes that is the best thing to do if you are going to be a lender and you have a business like that. Only trust those people who know you personally because even you are going to ask some collateral from those people who you don't know. They will not just going to be obliged to re-pay you because you have the collateral and they are going to think it that they are going to pay you with it.
That's why if you want to success in this lending business you should take a collateral which you can easily liquidate for money otherwise don't take that collateral. If you manage it correctly, then you can make a profit on a regular basis. But don't ever give loans without any collateral.
yeah for me it is too risky because with loans i might lose a lot of money to be honest
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.
If you really have that number of bitcoins well giving loans or offering loans would be bad for you or in your term risky.Because bitcointalk accounts may be hacked and use to get loans and default it
you are right, thats why i never give loans because in my opinion the bitcoins i lend can be easily stolen i'm only giving loan to my parent, because i know they will repay or i'll ask to them when i need some, i'm not going in the trouble to take loan from someone unknown, i also don't trust those site that work by giving loan, so just do the same and everything will be fine
I personally don't do loan or anything with my family because all that's ever happened with people I know that have done things like that are they either lose their money or their relationship deteriorates because of the money issues. While most of the time giving out a loan is fine, giving friends and family loans appears to be more detrimental than profitable. 
i'm only giving loan to my parent, because i know they will repay or i'll ask to them when i need some, i'm not going in the trouble to take loan from someone unknown, i also don't trust those site that work by giving loan, so just do the same and everything will be fine
if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing
Are you talking from the borrower point of view? Otherwise, any collateralized loan is less risky.
Escrow comes into play when the borrower does not trust you with the collateral.
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
There are allot of people who think that loans with bitcoins are really risky and that is true because most of the bills people need to pay cant be payed with bitcoins yet so if you want to make that possible please than it is no problem.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 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
There are allot of people who think that loans with bitcoins are really risky and that is true because most of the bills people need to pay cant be payed with bitcoins yet so if you want to make that possible please than it is no problem. 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
if you use a trusted escrow for collateral it's not so risky and if you give loans to your friends without interest for starting a good business maybe it's a good thing
I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.
Everything else must be considered as gambling. I do not do that.
Probably yes, Loans are too risky because there is a monthly or anually interest depends upon to the rule of the lending companies. So you need to analyze your profit carefully to achieve your income by calculating the interest of the money you lend. The another risk is if you investment site or business will be a scam that will be your doom problem so its better to use properly your and think twice before its too late.
The best loan you make is the loan you don't have! Or with 0% interest or negative interest.. those are good as well...
If you really have that number of bitcoins well giving loans or offering loans would be bad for you or in your term risky.Because bitcointalk accounts may be hacked and use to get loans and default it
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