Topic: Loans too risky? - page 56. (Read 67086 times)
Loans can be quite risky, indeed. But only for that people that are not able to pay it back, in my opinion.
Hey mate, no offense, but it's a bit unbelievable to have that amount, yet you don't know what to do with that if there is so since you say it's way back 2010.Suggestion better keep it since you already hold your amount from 2010...hhehe
If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).
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
lol. May prefer to start charity. Borrow someone permanently couple bitcoin. And after that you can continue to tell tales. No offense. 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 have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
For me it is somehow it is a good amount of rate, and of course you don't have nothing to do but to lend your bitcoin and going to wait for the interest rate and return of your bitcoin. That's a fair enough rate to lend your bitcoin to HaoBTC.
If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).
I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my moneyHe will not lose it if he have a good collateral for the loan. Even if the person run away with the bitcoin, the collateral will cover for the loss. But I think, 8% interest is still low. Maybe 10 to 15 percent is a good interest.
I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my moneyHe will not lose it if he have a good collateral for the loan. Even if the person run away with the bitcoin, the collateral will cover for the loss. But I think, 8% interest is still low. Maybe 10 to 15 percent is a good interest.
If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my moneyHe will not lose it if he have a good collateral for the loan. Even if the person run away with the bitcoin, the collateral will cover for the loss. But I think, 8% interest is still low. Maybe 10 to 15 percent is a good interest.
If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ).No will ask the reason for your lending Its completely based upon your proof and the documents what you are providing only will show the loaning limit and loans can be risky if you are not sure how to pay it back. You should only take a loan if it is absolutely necessary, if that is not the case I would not take a loan. It can ruin your life if you are not able to pay it back.
I think the most important thing is making sure you are compensated somehow via collateral. If they can give you something in return thats more valuable than the amount of money they borrowed, then loans are likely to be repaid. Giving out loans without collateral in return or without creating a lot of rules behind who can obtain loans will mean that you'll definitely get scammed eventually
The truth is that 99% people who have altcoins as collateral will never ask for loan, they will simply sell coins and buy them back, yes I know price of altcoins might increase but they can compensate that with the interest they were paying as the interest of the loan.
I think the most important thing is making sure you are compensated somehow via collateral. If they can give you something in return thats more valuable than the amount of money they borrowed, then loans are likely to be repaid. Giving out loans without collateral in return or without creating a lot of rules behind who can obtain loans will mean that you'll definitely get scammed eventually
The truth is that 99% people who have altcoins as collateral will never ask for loan, they will simply sell coins and buy them back, yes I know price of altcoins might increase but they can compensate that with the interest they were paying as the interest of the loan. 
If the individual get this without having a stable income and good planning, the situation becomes very risky indeed.
Yes and I always prefer to see the reason of the loan being taken, if the person makes funny reasons like he is in hospitals then better don't even think of lending, and if he is taking for gambling then also avoid lending him. Sometimes ask for proofs based on reasons ( not ID proofs lol ). The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
Well most of the opportunities of lending are without collaterals sadly ^^'
It is really going to be hard if you are going to lend someone without any collateral at all because how you are going to be assure that your borrower is going to pay you instantly without any collateral unless you are going to have some paper requirements that are going to give your information to the lender, well it is really risky at all.
The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
Well most of the opportunities of lending are without collaterals sadly ^^'
It is really going to be hard if you are going to lend someone without any collateral at all because how you are going to be assure that your borrower is going to pay you instantly without any collateral unless you are going to have some paper requirements that are going to give your information to the lender, well it is really risky at all.
Also, a lot of collateral is losing value these days. Accounts are becoming less value due to people spamming them out, altcoins are mostly a loss a majority of the time due to unfavourable market moves, and there aren't many other things that exist for collateral online. Maybe we'll find another form, but I don't know.
The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
Well most of the opportunities of lending are without collaterals sadly ^^'
It is really going to be hard if you are going to lend someone without any collateral at all because how you are going to be assure that your borrower is going to pay you instantly without any collateral unless you are going to have some paper requirements that are going to give your information to the lender, well it is really risky at all.
The beauty about the loan business - is the collateral part where you know your risk is off-set if something does bad happen.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
But if youre sloppy and dont care for small details that make a big outcome of your collateral - then youre not obviously fit for it.
Well most of the opportunities of lending are without collaterals sadly ^^'
It is really going to be hard if you are going to lend someone without any collateral at all because how you are going to be assure that your borrower is going to pay you instantly without any collateral unless you are going to have some paper requirements that are going to give your information to the lender, well it is really risky at all.
Yeah, but at Lending section there are many people who accept lending without collateral, but at least you need a high rank account like sr.member to lend.
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