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Topic: New age of BTC lending? (Read 23 times)

legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
November 19, 2024, 07:20:56 AM
#1
Could it be that with the increased price (1mBTC essentially being 100$!), old school lenders or even those from the forum with a small stash of coins could make nice returns in P2P lending..?
Sure, the risk is still there but considering reputations of some borrowers, 30% interest every few months  seems a low/acceptable rate. And that’s a nice income if you loan out a volume of say 100mBTC (0.1BTC) maybe per quarter. Making 10k a year with P2P lending if there’s demand which there is, but verifications probably stall everyone without prior rep or some form of guarantee of repayment.

Perhaps one day I open my lending thread again Tongue
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