Loans too risky? - page 66. | Bitcointalksearch.org

Dr.Osh

legendary

Activity: 2758

Merit: 1004

PredX - AI-Powered Prediction Market

Quote from: Altynbekova on July 07, 2016, 03:30:09 AM

Loans can be risky because if you do not know how to pay it back and if you are not being able to pay it back you will be in some trouble.
You should only take a loan when you are going to purchase something important.

loan, I think it's very risky. give a loan to someone will be very difficult to return. you may be hard to collect your money repopulating it more if you are new you know and irresponsible. better not to lend. especially if you're the one who borrowed. it will be very difficult to restore if you do not prepare for that. belongings or your name will be on sale because they can not pay it

JesusHadAegis

sr. member

Activity: 280

Merit: 250

Quote from: akosimakulit on July 07, 2016, 04:08:20 AM

Yes online lending is very very risky for your security and real life identity because you we provide your all info and documents to get loan not knowing what is the collateral of your credits. If you cannot pay for that maybe the loaner will do something bad to your identity and he will get loan to another site credited to your name Will that's very bad.

I think its a two security deal. There are bogus loaners and lenders. But most bogus dealers are the debtor. It's common from low ranking accounts.

Quote from: Altynbekova on July 07, 2016, 03:30:09 AM

Loans can be risky because if you do not know how to pay it back and if you are not being able to pay it back you will be in some trouble.
You should only take a loan when you are going to purchase something important.

Well before taking some deals, you must already know what kind of deal you're getting into. It's not a good reason to say that you don't know how to pay loans.

akosimakulit

member

Activity: 98

Merit: 10

Yes online lending is very very risky for your security and real life identity because you we provide your all info and documents to get loan not knowing what is the collateral of your credits. If you cannot pay for that maybe the loaner will do something bad to your identity and he will get loan to another site credited to your name Will that's very bad.

Altynbekova

sr. member

Activity: 476

Merit: 250

Loans can be risky because if you do not know how to pay it back and if you are not being able to pay it back you will be in some trouble.
You should only take a loan when you are going to purchase something important.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: tabas on July 07, 2016, 01:25:49 AM

Quote from: goldcoinminer on July 07, 2016, 01:20:24 AM

Quote from: ?? on ??

Quote from: BlockEye on July 06, 2016, 11:24:29 PM

The lenders are the ones that are always at risk of losing money, no need to go further but example here in bitcointalk.org if you are not familiar with the users here and not making thorough research like if the Bitcoin address where funds will be sent is connected to any known scammer or check the history of the borrower, lender may lose money instead of gaining profits.

Yeah, those lenders are always at risk on this kind of service. But it is always been good to do such conditions that is always in favor of yours if you are a lender.
But of course don't take too much advantage about it so that borrower is not going to struggle about it.

Even if the lenders will charge huge interest they are still at risk because mostly of the scammers promise to pay huge interest to convince the lenders to loan out some BTC, the legitimate borrowers are very cautious with the interest rates.

Yes lenders will always be at risk if someone is going to borrow their money/bitcoin. Even they are going to accept a collateral. It is still different from getting paid by cash/bitcoin.
And what if the borrower run away and doesn't even plan to pay the lender because he has already a collateral. And collaterals are not just easy to sell it anyway.

The problem with lending in the bitcoin community is you cannot demand a hard collateral so most likely the collateral is not that valuable compared to the loans release.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: goldcoinminer on July 07, 2016, 01:20:24 AM

Quote from: ?? on ??

Quote from: BlockEye on July 06, 2016, 11:24:29 PM

The lenders are the ones that are always at risk of losing money, no need to go further but example here in bitcointalk.org if you are not familiar with the users here and not making thorough research like if the Bitcoin address where funds will be sent is connected to any known scammer or check the history of the borrower, lender may lose money instead of gaining profits.

Yeah, those lenders are always at risk on this kind of service. But it is always been good to do such conditions that is always in favor of yours if you are a lender.
But of course don't take too much advantage about it so that borrower is not going to struggle about it.

Even if the lenders will charge huge interest they are still at risk because mostly of the scammers promise to pay huge interest to convince the lenders to loan out some BTC, the legitimate borrowers are very cautious with the interest rates.

Yes lenders will always be at risk if someone is going to borrow their money/bitcoin. Even they are going to accept a collateral. It is still different from getting paid by cash/bitcoin.
And what if the borrower run away and doesn't even plan to pay the lender because he has already a collateral. And collaterals are not just easy to sell it anyway.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: ?? on ??

Quote from: BlockEye on July 06, 2016, 11:24:29 PM

The lenders are the ones that are always at risk of losing money, no need to go further but example here in bitcointalk.org if you are not familiar with the users here and not making thorough research like if the Bitcoin address where funds will be sent is connected to any known scammer or check the history of the borrower, lender may lose money instead of gaining profits.

Yeah, those lenders are always at risk on this kind of service. But it is always been good to do such conditions that is always in favor of yours if you are a lender.
But of course don't take too much advantage about it so that borrower is not going to struggle about it.

Even if the lenders will charge huge interest they are still at risk because mostly of the scammers promise to pay huge interest to convince the lenders to loan out some BTC, the legitimate borrowers are very cautious with the interest rates.

Sniper44

hero member

Activity: 714

Merit: 501

Quote from: ?? on ??

Quote from: outatime1 on July 06, 2016, 10:59:39 PM

If you can get collateral, then it will protect you some. The problem with collateral is that now you have something (like an account) that you don't really want and have to sell to get your money back.

Loans is very risky only for the lenders. But you are right it is better to get some collateral before allowing someone to borrow your bitcoins.
And it is better if the value of collateral is much higher than the amount of bitcoins that you are going to lend.

but the risk of giving loans is a known risk so you can manage it if you can know what those risks are.

for example the biggest risk is the loaner running away and not giving it back so taking a collateral is a simple fix, and a lot other smaller risks like validating the collateral ,... but all can be managed.

BlockEye

legendary

Activity: 1148

Merit: 1097

Bounty Mngr & Article Writer https://goo.gl/p4Agsh

The lenders are the ones that are always at risk of losing money, no need to go further but example here in bitcointalk.org if you are not familiar with the users here and not making thorough research like if the Bitcoin address where funds will be sent is connected to any known scammer or check the history of the borrower, lender may lose money instead of gaining profits.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

If you can get collateral, then it will protect you some. The problem with collateral is that now you have something (like an account) that you don't really want and have to sell to get your money back.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: boyptc on July 06, 2016, 09:37:29 PM

Quote from: Doamader on July 06, 2016, 05:50:34 PM

Quote from: arwin100 on July 04, 2016, 02:24:49 AM

Quote from: goldcoinminer on July 04, 2016, 02:01:33 AM

Quote from: Doamader on July 02, 2016, 11:35:27 AM

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Lending business here is just the same with business outside the crypto world, you need to to take the risk and when you release the amount you need to get the collateral to secure the loans, however it is riskier than normal lending business but to gain we should commensurate the risk base on the interest given.

But that business is most profitable if the lender think smart and ask for collateral im every people ask a loan to him and the colateral should be more valuable and have high price than the lended amount. Thats why as you can see their are many lenders still standing in this furom because they earn more with this thing even though the barrower defaults his loan.

Now i will wait for the halving readjusts its price, then i will take a look deeper and maybe try to lend some coins to others with colateral, i see several threads at there soo there are a lot competition to get the funds and repay.

Loans are very risk when you are going to loan when the value of bitcoin is low by the time you borrowed it.
Then it suddenly increased,
You are going to pay the same price but the value is even more higher plus interests on it.

I think that is the not main reason why loans are risky, besides being a lender and borrower we already understand that fluctuation is just a natural thing in bitcoin.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Doamader on July 06, 2016, 05:50:34 PM

Quote from: arwin100 on July 04, 2016, 02:24:49 AM

Quote from: goldcoinminer on July 04, 2016, 02:01:33 AM

Quote from: Doamader on July 02, 2016, 11:35:27 AM

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Lending business here is just the same with business outside the crypto world, you need to to take the risk and when you release the amount you need to get the collateral to secure the loans, however it is riskier than normal lending business but to gain we should commensurate the risk base on the interest given.

But that business is most profitable if the lender think smart and ask for collateral im every people ask a loan to him and the colateral should be more valuable and have high price than the lended amount. Thats why as you can see their are many lenders still standing in this furom because they earn more with this thing even though the barrower defaults his loan.

Now i will wait for the halving readjusts its price, then i will take a look deeper and maybe try to lend some coins to others with colateral, i see several threads at there soo there are a lot competition to get the funds and repay.

Loans are very risk when you are going to loan when the value of bitcoin is low by the time you borrowed it.
Then it suddenly increased,
You are going to pay the same price but the value is even more higher plus interests on it.

Doamader

hero member

Activity: 756

Merit: 501

Quote from: arwin100 on July 04, 2016, 02:24:49 AM

Quote from: goldcoinminer on July 04, 2016, 02:01:33 AM

Quote from: Doamader on July 02, 2016, 11:35:27 AM

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Lending business here is just the same with business outside the crypto world, you need to to take the risk and when you release the amount you need to get the collateral to secure the loans, however it is riskier than normal lending business but to gain we should commensurate the risk base on the interest given.

But that business is most profitable if the lender think smart and ask for collateral im every people ask a loan to him and the colateral should be more valuable and have high price than the lended amount. Thats why as you can see their are many lenders still standing in this furom because they earn more with this thing even though the barrower defaults his loan.

Now i will wait for the halving readjusts its price, then i will take a look deeper and maybe try to lend some coins to others with colateral, i see several threads at there soo there are a lot competition to get the funds and repay.

ronaldo40

legendary

Activity: 1554

Merit: 1014

Quote from: bitlancr on July 04, 2016, 03:35:28 AM

Quote from: goinmerry on June 22, 2016, 01:13:43 AM

Quote from: praprata on June 21, 2016, 11:11:41 AM

Loans can be pretty risky but only for that people that are not able to pay it back, if you are able to pay back your loan then you do not have to worry.
But do not go and take a loan to gamble because if you do that you are just asking for trouble.

Gambling will make you loan again and maybe lose again. Greed is always there whenever you win a lot. Loans are like the same, we as the loaner will gamble our money to a known person in a forum not even seeing his face.

You should never gamble with the money that you loaned that is just a dumb thing to do because the chance is so big that you are going to lose that money.
So why even take the risk, you should only take a loan when you need it for something important and you are sure to be able to pay it back.

borrow for gambling, to be honest it was a stupid thing for a big risk when you lose.
basically if you borrow it must always be no guarantee, e.g. you'll get something later in the day and it could be a guarantee to pay.

bitlancr

hero member

Activity: 616

Merit: 500

Quote from: goinmerry on June 22, 2016, 01:13:43 AM

Quote from: praprata on June 21, 2016, 11:11:41 AM

Loans can be pretty risky but only for that people that are not able to pay it back, if you are able to pay back your loan then you do not have to worry.
But do not go and take a loan to gamble because if you do that you are just asking for trouble.

Gambling will make you loan again and maybe lose again. Greed is always there whenever you win a lot. Loans are like the same, we as the loaner will gamble our money to a known person in a forum not even seeing his face.

You should never gamble with the money that you loaned that is just a dumb thing to do because the chance is so big that you are going to lose that money.
So why even take the risk, you should only take a loan when you need it for something important and you are sure to be able to pay it back.

Jmild1

full member

Activity: 210

Merit: 100

Quote from: tabas on July 04, 2016, 02:39:53 AM

Quote from: Mr.grin on July 02, 2016, 11:08:28 AM

if you wanted to loan money, you have to think of how you vote that returned it, because it would be very disturbing if that person does not know how to restore it. if you want to lend bitcoin or money for a business, you must make sure that the business that he lived it truly could restore the money you lent. but it is better not to give loans because it is quite risky

Loans are really very risky once you are not prepared on getting loan or you don't have something to pay back your debt.
And tendency the lender will just loss the trust he gives to you.
Or better to have collateral in return.

I agree. But that's why scammers make ways to run the money of the one who's giving a loan. If they can't assure to pay the things they get loaned, they look for things like faking their documents to run away with the money.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Mr.grin on July 02, 2016, 11:08:28 AM

if you wanted to loan money, you have to think of how you vote that returned it, because it would be very disturbing if that person does not know how to restore it. if you want to lend bitcoin or money for a business, you must make sure that the business that he lived it truly could restore the money you lent. but it is better not to give loans because it is quite risky

Loans are really very risky once you are not prepared on getting loan or you don't have something to pay back your debt.
And tendency the lender will just loss the trust he gives to you.
Or better to have collateral in return.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: goldcoinminer on July 04, 2016, 02:01:33 AM

Quote from: Doamader on July 02, 2016, 11:35:27 AM

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Lending business here is just the same with business outside the crypto world, you need to to take the risk and when you release the amount you need to get the collateral to secure the loans, however it is riskier than normal lending business but to gain we should commensurate the risk base on the interest given.

But that business is most profitable if the lender think smart and ask for collateral im every people ask a loan to him and the colateral should be more valuable and have high price than the lended amount. Thats why as you can see their are many lenders still standing in this furom because they earn more with this thing even though the barrower defaults his loan.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: Doamader on July 02, 2016, 11:35:27 AM

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Lending business here is just the same with business outside the crypto world, you need to to take the risk and when you release the amount you need to get the collateral to secure the loans, however it is riskier than normal lending business but to gain we should commensurate the risk base on the interest given.

Doamader

hero member

Activity: 756

Merit: 501

I believe that last month the lending service here has boom has people requested the lending and we all were knowing the price should and would grow, soo they took a risk lending more then some collaterals may worth nowadays. I personally don't like the websites that allows anybody to lend and fund others taking a huge risk to loose all the coins, its insane to loose bitcoins this way.

Topic: Loans too risky? - page 66. (Read 67086 times)