Topic: Loans too risky? - page 75. (Read 67086 times)
Loaning bitcoin is a good business if you know the person you gave the loan and they are going to pay plus the interest. Otherwise, there should be collateral so you can recover if the person did not pay back what he owns.
Well 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, but please don't loan money to people for gambling - you will ruin their life and probably yours too.
Sometimes you have to take care it's really risky to give loans without collateral usually
Well, perhaps a loan would be detrimental if you can not return the bitcoin or money you borrow, it would be very risky if you give all your data on that person before borrowing money or bitcoin
Sometimes you have to take care it's really risky to give loans without collateral usually
Loans too risky if you give your loans without any valid collateral and if you trust anyone simply for such issues, you have to take care enough before sending your loans and especially you have to get the valid collateral.
I would definitely not be doing anonymous loans over the internet with that kind of budget. But if you can meet someone in person with good credentials, you might be able to broker a good loan agreement.
With 800BTC he can start a small sized bank in most parts of the world, no need to be lending out BTC in an online forum.
And this amount of money will let you live until you die without need of working and in moderate luxury.
For now 808 BTC is worth $338,600 but until 2017 the price will probably double.
that's right 800BTC=$339,000 is a big amount of money but not big enough to start a bank anywhere in the world. you need a lot more than that to start a bank.
there are some other small businesses that you can start with that amount though.
I would definitely not be doing anonymous loans over the internet with that kind of budget. But if you can meet someone in person with good credentials, you might be able to broker a good loan agreement.
With 800BTC he can start a small sized bank in most parts of the world, no need to be lending out BTC in an online forum.
And this amount of money will let you live until you die without need of working and in moderate luxury.
For now 808 BTC is worth $338,600 but until 2017 the price will probably double.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
right, loans too risky, we do not know can restore it or not. because if you do not restore your good name will be damaged and you will-be fugitives. it would have been very embarrassingWell i may say that from my lending service i had been able to recover all the money lended ,since i hold the accounts from the defaulted users,soo i had sold almost all i believe just have one left to sell,but i had roi my lending money already soo here loans isnt risky if you lend less the value of the account otherwise you are taking a high risk.
If people dont do that, then they are asking to go bankrupt lol.
So holding accounts as some reduce risk is huge, and anyone who doesnt is just a idiot in my view unless they hold something else that can get the intial loan amount back through another way.
Well some users reputations has no value,thats why they just sign a message and the loan is funded,there are few with such reputation,but for me loan without collateral not interested.
None has the interest to give loan without proper collateral. Also giving loan without collateral looks to be making path for our loss.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
right, loans too risky, we do not know can restore it or not. because if you do not restore your good name will be damaged and you will-be fugitives. it would have been very embarrassingWell i may say that from my lending service i had been able to recover all the money lended ,since i hold the accounts from the defaulted users,soo i had sold almost all i believe just have one left to sell,but i had roi my lending money already soo here loans isnt risky if you lend less the value of the account otherwise you are taking a high risk.
If people dont do that, then they are asking to go bankrupt lol.
So holding accounts as some reduce risk is huge, and anyone who doesnt is just a idiot in my view unless they hold something else that can get the intial loan amount back through another way.
Well some users reputations has no value,thats why they just sign a message and the loan is funded,there are few with such reputation,but for me loan without collateral not interested.
Tbh, I don't believe a word you said about buying 800 BTC. Besides that, I don't see why you'd want to give loans. The only loan you can give to make a decent profit is maybe loaning all your bitcoin.
Loaning all your bitcoin would be a terrible thing to do. Just look at how many default on their online loans. I makes no sense to loan your money while risking it for a few % of interest.
A very bad bad idea.
Tbh, I don't believe a word you said about buying 800 BTC. Besides that, I don't see why you'd want to give loans. The only loan you can give to make a decent profit is maybe loaning all your bitcoin.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
right, loans too risky, we do not know can restore it or not. because if you do not restore your good name will be damaged and you will-be fugitives. it would have been very embarrassingWell i may say that from my lending service i had been able to recover all the money lended ,since i hold the accounts from the defaulted users,soo i had sold almost all i believe just have one left to sell,but i had roi my lending money already soo here loans isnt risky if you lend less the value of the account otherwise you are taking a high risk.
If people dont do that, then they are asking to go bankrupt lol.
So holding accounts as some reduce risk is huge, and anyone who doesnt is just a idiot in my view unless they hold something else that can get the intial loan amount back through another way.
Well some people still lending without colateral,but well if the used defaults he can just cry over the loss,colateral its a most to assure the repayment if not atleast you wont take a bad investement.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
Loan is always risky, but with proper collateral and lending to the right person won't get you into risk.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
right, loans too risky, we do not know can restore it or not. because if you do not restore your good name will be damaged and you will-be fugitives. it would have been very embarrassingWell i may say that from my lending service i had been able to recover all the money lended ,since i hold the accounts from the defaulted users,soo i had sold almost all i believe just have one left to sell,but i had roi my lending money already soo here loans isnt risky if you lend less the value of the account otherwise you are taking a high risk.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
right, loans too risky, we do not know can restore it or not. because if you do not restore your good name will be damaged and you will-be fugitives. it would have been very embarrassing
800 BTC !!!:o
You can give loans but you should do it only for short period.
I mean giving bitcoins on loan for as long as 1 year would not be a wise decision because of its volatile nature. Keep your interest rates low and time period short.Also do not loan huge amount.
You can give loans but you should do it only for short period.
I mean giving bitcoins on loan for as long as 1 year would not be a wise decision because of its volatile nature. Keep your interest rates low and time period short.Also do not loan huge amount.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
Loaning money is obviously money that can be afforded to be at a loss. Unless youre some bank, etc.
What youre referring to is needed money thats mean loaned out, which is why people end up going to small civil cases at a small claims court for whatever reason.
People have the lack of education of loaning money when they cant even properly balance their checking account. lol.
A loan can always be risky. Do not just loan money, you should only loan money of you have a good reason to. And if you are going to loan money make sure you know that you can pay it back.
I would definitely not be doing anonymous loans over the internet with that kind of budget. But if you can meet someone in person with good credentials, you might be able to broker a good loan agreement.
With 800BTC he can start a small sized bank in most parts of the world, no need to be lending out BTC in an online forum.
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