Loans too risky? - page 78. | Bitcointalksearch.org

richardsNY

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Quote from: bitsmichel on March 26, 2016, 06:02:30 PM

Quote from: maku on March 26, 2016, 02:46:54 PM

Don't try to start loaning business because there is no way for people to provide valid collateral for bigger loans.
With the amount you own I wouldn't bother with any form of risky business like lending. Instead use like 1% of your holdings to gamble, you could be lucky.

I recommend poker or one of the skills based gambling games, if you want to win. You have to beat the house edge in other games, which is extremely hard to do.

Beating the house edge is one thing, but beating the house edge over a longer period of time and having a profit at the end of the ride is a completely different thing. 98% of the people are only losing money if you look at their all time stats. That's why you should never gamble.

coin_gambler

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yeah its a risky thing to take out a loan especially if you gamble with those money, if i were you i wouldnt take it

bitsmichel

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Quote from: maku on March 26, 2016, 02:46:54 PM

Don't try to start loaning business because there is no way for people to provide valid collateral for bigger loans.
With the amount you own I wouldn't bother with any form of risky business like lending. Instead use like 1% of your holdings to gamble, you could be lucky.

I recommend poker or one of the skills based gambling games, if you want to win. You have to beat the house edge in other games, which is extremely hard to do.

maku

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Don't try to start loaning business because there is no way for people to provide valid collateral for bigger loans.
With the amount you own I wouldn't bother with any form of risky business like lending. Instead use like 1% of your holdings to gamble, you could be lucky.

calkob

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Check out Btc Jam that their whole business model, just be careful when lending their also spread the investment over as many different borrowers as you can.

Kingno.1

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In my opinion, giving loans at this point of time is too risky for you.
As bitcoin halving is about to take place then people might not return your bitcoins.
Moreover you are unaware of the forum and it's way of working.

jaysabi

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Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

The story seems fishy. A guy who knew about bitcoin when it was trading around 7 cents, but doesn't know about mining or this forum?

A financial adviser who knows about bitcoin but advises you it will continue to go up in value, and not that it's a highly speculative asset and is extremely volatile?

Anyway, ignoring the blatant red flags... If you have 799 bitcoins like that screenshot purports, you've already hit the lottery. Trying to loan it out at this point is waaaaaay more risky than just holding it like your terrible "financial adviser" advised you to do. Under virtually no circumstance should you offer to loan it out to people on this forum.

Like I said, you've already won the lottery. If I was you, I would cash a significant portion of it out, probably 75-90%, and invest it in actual companies via the stock market. There is significant risk in holding bitcoin, especially if the engineers continue to refuse to address the capacity problems.

Good luck. I'd hate to see you take the huge win you've already had and lose it chasing an even bigger pipe dream.

quadriple7

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Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

yes, loans with bitcoins are very very risky because there are lots of scammers, i mean who would want to give money back, so they will try to avoid giving your money back to you, so they will even try to don't give it to you at all so it is risky

PakistanHockeyfan

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Loans are risky when you pay interest blindly. By the way, what's the highest loan anyone's ever taken on this site? Also, where do we normally get loans? Not only that, what type of users are allowed to make loans? Legendary?

adibe

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Quote from: bitbunnny on March 24, 2016, 02:37:21 PM

Every investment, including giving lans, is risky. So if you decide to do it, don't give the amount that you can't afford to lose and maybe start with people that you know and can trust

Yes i agree with you, just don't forget to don't give loans to people who don't have good collateral and easily can sell it if the person you give loan don't pay back.

knowhow

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Well if you holding those 800 btc just wait the halving ,dump some or full of your bitcoins during it and let them on the bank at savings will rent you a good money,otherwise try to loan ,but be sure you will lend 100btc and you will loose 10% of it during the period you will be lending,sure its good to get some income but well,is getting risky to lend .You can try the poloniex lending there are around 0.002%-0.7% daily ,soo if you able to lend the 800 btc i guess you will get a great result daily.

HarryKPeters

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Quote from: bankingbtc on March 24, 2016, 01:49:49 PM

Quote from: The Sceptical Chymist on February 25, 2016, 12:26:13 AM

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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?

Lol I don't believe a word you say about your bitcoin holdings, no offense. And what's up with people not returning what they borrow? Hello, are you new to the world? It's greed and dishonesty. I assume you're probably not new to this forum either.

of course they don't want to give back money, there are lots of scammers that does that, so loans are very risky

if you want to do something with them, just invest in gambling site, less risky than loans, or just keep them for longer

Indeed, I would not recommend someone to do this because there are too many risks that can bring you in big trouble.
Plus its also the fact that a lot of people these days are wanting to scam you and this people do not car if you get in trouble, the world is cruel they just want to steal your money.
Another reason why you should not do this is because its pretty difficult to regulate it if you ask me right ?

bitbunnny

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Every investment, including giving lans, is risky. So if you decide to do it, don't give the amount that you can't afford to lose and maybe start with people that you know and can trust

thejaytiesto

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you can go to BTCJam and see the percentage of people taht don't pay back, it's pretty high. I was considering ways to put my BTC stack into some work but I can't find any way to make passive income that doesn't involve a stupid risk. Even the A+ people in BTC Jam can't pay back a lot of times and as far as I know nothing happens, they just go on with their life and you lose money. It's pretty stupid.

vero

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i suggest you never loans money just for investment it will be your trouble later 'cause every investment is have a risk lose your money.

bankingbtc

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Quote from: The Sceptical Chymist on February 25, 2016, 12:26:13 AM

Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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?

Lol I don't believe a word you say about your bitcoin holdings, no offense. And what's up with people not returning what they borrow? Hello, are you new to the world? It's greed and dishonesty. I assume you're probably not new to this forum either.

of course they don't want to give back money, there are lots of scammers that does that, so loans are very risky

if you want to do something with them, just invest in gambling site, less risky than loans, or just keep them for longer

janpowal305

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I'm thinking that should be 80 BTC not 800 :O

Denker

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Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Jesus christ!
Dude that is a lot of money.
Firstly my congratulations for that!
Secondly I wouldn't start to loan out due to big risk of getting scammed or never paid back.
Judt hold and wait!Be patient!In a few years this amount of coins could make you really wealthy!

jack1111

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until now I didn't try this way , I can't trust any one because I have lost a lot , and scammer are in every place

DaddyMonsi

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Quote from: zachmartus on February 25, 2016, 12:13:28 AM

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

Why risk that big amount of money to lending out to people you don't even know? Even with collateral there's a huge risk involved with lending. I would say lend only if you have a lot to spare and you can live even if that money was not returned by the borrower. Just like ponzi's, invest what you can afford to lose.

BTW can you post the address where that 800 BTC is stored? Grin

Topic: Loans too risky? - page 78. (Read 67086 times)