Topic: Loans too risky? - page 6. (Read 67086 times)
yes loans is too risky. Letting someone borrowed your bitcoin and a promise to pay with interest is very risky because some borrower don't know how to settle their obligation, some will just ignore when due arise.
Some loans are scam some are good opportunity gives you that's why you have to learn much more.
Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.
Yes, when have your money lend it really is risky. The risk is much more doubled if you are not so familiar with the person borrowing you. I agree, it can be compared to gambling, if lucky enough you could gain but if not you might lose all including your capital. Yes, i beg to agree with your topic since you are giving someone what you earn or invest for. If the loaner doesn't give back what you give for him/her, that will become a problem
but the loaner has much obligation,when he was only asking for amount and when time to payback it has big interest,this kills the loaner and sometimes they turn to backing out to pay,its harder for them when they ask for loan,and more harder in time of payments..thats whybi never try to have a load,becai dont want to break my credibility as a people
Approximately yes it's too risky because once you Can't pay it on the exact date you agreed for the interest gets higher and so if you don't need money badly then it's an option
Oh if you wasn't lying about your bitcoin balance in 2016, hope you still have them or at lest sold when bitcoin was 19,000$. Anyway, loaning your coins to people specially online very risky, they will always try to scam or find ways how to. I think collateral is only one way of how to not be scammed and not lose money, you should always ask for at least 120% of loaning amount. But to be honest, 800 bitcoins now open diff ways to earn money way safer, than on "loans".
Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.Borrowers will find a way to have their loans and the risk is not on them since they are the one enjoying the money, if they cannot pay
and no good collateral then your money is gone, be smart and learn to minimize the risk so you'll end up profitable in the long run.
Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.
I think it depends on what asset you will eventually borrow. If the good is a car, then it would not be advisable since it has a shorter period of life. Invest on real estate or stocks
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
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
Lending loans is too risky unless you ask for a colllateral and there should be a contract for the mode of payments. If you will be in a loan and invest that loans you should consider the interest with regards to your investment profit. For me it is ok to loan with your profit is more than your loan ineterest rate.
They are called micro loans for me so it's not really important to them if one or some will not pay as long as in overall they will be profitable.
In this case, they need to provide a higher interest.
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
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
Lending loans is too risky unless you ask for a colllateral and there should be a contract for the mode of payments. If you will be in a loan and invest that loans you should consider the interest with regards to your investment profit. For me it is ok to loan with your profit is more than your loan ineterest rate.
If you engage your money for loan , its very risky unless the money being loaned has a collateral in exchange, like in the bank,even if your friend will loan your money, you cannot be sure if he or she will returned his loan money.If you will also engage in loan , be sure to invest it wisely so that you can porfit more and can pay the interests of your loan, that is the risk of loaned money.
Yes, loan is too risky. So if you want to loan your money to someone, be sure that you know his / her background, check his if he has means to return the money to you like for example, he has job or business. And also be sure to have a written contract signed notarized by a lawyer.
If you engage your money for loan , its very risky unless the money being loaned has a collateral in exchange, like in the bank,even if your friend will loan your money, you cannot be sure if he or she will returned his loan money.If you will also engage in loan , be sure to invest it wisely so that you can porfit more and can pay the interests of your loan, that is the risk of loaned money.
Polonex exchange has a lending tab. This is one of the less risky options for borrowing crypto currency.
Yes loans are too risky because of if you loan $1000 its interest is so big like it can turn its price like a half of what you loan so its too risky for us
It is true that loan is too risky. If you want to loan you need to know what is the purpose of your loan. Think something things that you can benifet so that your loan will become productive.
Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only to your loan. Its like nothing happened in your investment.
In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.Yes loans is too risky, it is better to invest your own money than to borrow in lending companies. The profit you will get in invest will go only to your loan. Its like nothing happened in your investment.
In the lending and borrowing business it is common. and to gain profit we must dare to take big risks. By using loan funds as capital, it is indeed risky, and of course we must first consider among all the risks and benefits.
Loans can pretty risky to take, in fact. Unless you really need it, I suggest that you never take a loan. It is valid to remember that the bank is not going to lend to much money without a good reason to do so.
Taking a loan should have a valid purpose, if you are just borrowing money for entertainment then you will have a problem very soon. Some people take loan as they want to to recover their loses, as a lender, you have to know the purpose of the loan so you can analyze if your chances of getting repaid is good.
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