Number of borrowers on BTCPop | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: TatsuTwo on March 24, 2020, 02:28:46 AM

I'll do my research and only invest what I can afford to lose.

You could look into putting money into Bitcoin casino bankrolls. Gambling is one of the few consistently profitable businesses out there. There are some long established operations out there.

Thread here about it - https://bitcointalksearch.org/topic/invest-in-bitcoin-casino-bankroll-5189141

As for normal P2P lending with crypto that is pure suicide in my opinion. The track record is risible.

TatsuTwo

newbie

Activity: 6

Merit: 0

I'll do my research and only invest what I can afford to lose.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Last of the V8s on March 23, 2020, 01:55:46 PM

Blockfi and celsius network until they go bust and you lose your money.

But honestly they are more likely to scam you of your money. We have seen how nicely scams are done in this sector havent we?

They can show their faces and owners but then one fine day they will shut down operations and claim it to be a hack or death of CEO and wallets locked forever and so on. Nobody can really be trusted in the crypto economy. It is not that every time the owners are at fault. The authorities are also involved but that is not for us to talk about without proof.

Now you might say that such risks are in other investments too. But in a self-owned pawn shop there are other problems. In a way both have their own pros and cons.

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

Blockfi and celsius network until they go bust and you lose your money.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: TatsuTwo on March 22, 2020, 06:20:47 PM

Where else can I do peer to peer lending?

Found some but I won't vouch for any of them ^{[make sure to do your own research]}:
^{- You can start by searching for their names on "Scam Accusations" board.}

Quote from: TatsuTwo on March 22, 2020, 07:09:08 PM

I have bitcoin on Coinbase and STEX currently.

In other words, you're not in full control of your own money.
^{- Read this thread.}

Quote from: Lauda on September 29, 2016, 02:53:17 PM

Control your private keys
Services like Coinbase and Circle offer “Bitcoin wallets”, but in reality control your private keys. It’s best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.

TatsuTwo

newbie

Activity: 6

Merit: 0

Thanks for the info.

joniboini

legendary

Activity: 2170

Merit: 1789

If you're fine with exchanging your Bitcoin to some ETH, you can find a lot of alternatives. There are dozens of defi websites such as compound, instadapp, synthetix etc, but they use ETH (or wrapped bitcoin). It is semi-peer-to-peer as you'll participate in a pool of lenders, but you can withdraw anytime you want to.

The rest of them are centralized such as Nexo, so that's that.

TatsuTwo

newbie

Activity: 6

Merit: 0

I wish to lend not borrow but I prefer to do it on the largest platforms on the net. Do you imagine the bulk of peer to peer lending on the net happens on the Bitcointalk forum? Anyway, it's nice to have options so that's why I aked for the biggest three. I have bitcoin on Coinbase and STEX currently.

coupable

hero member

Activity: 2338

Merit: 757

Quote from: TatsuTwo on March 22, 2020, 06:20:47 PM

Where else can I do peer to peer lending? I thought maybe Kickstarter but not sure if I can just invest without ordering products. Their website isn't clear to me and can't see how to post on the unaffiliated Kickstarter forum. What are the largest 3 peer to peer lending platforms?

I don't really get your point if you are willing to take a loan or to offer loans. For both cases, you may use this forum with some requirements. There is a dedicated board for Lending.
If you want to take money as a loan, you need a valid collateral. Generally, a stable crypto is the only collateral you may use as borrowers here are not regular with physical collateral.
If you want to benefit from offering loans to other forum users, i suggest you to check the active loan services before to start so you may set strict rules with clear conditions.

TatsuTwo

newbie

Activity: 6

Merit: 0

Where else can I do peer to peer lending? I thought maybe Kickstarter but not sure if I can just invest without ordering products. Their website isn't clear to me and can't see how to post on the unaffiliated Kickstarter forum. What are the largest 3 peer to peer lending platforms?

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

Try something else I would. It's hardly used any more as you suspect.
Only lend a tiny fraction of your holdings of course if you do find something, as it's the wild west in that game.

TatsuTwo

newbie

Activity: 6

Merit: 0

I wanted to try lending on BTCPOP but when I looked around I didn't seem to find many projects people looking to borrow money for. Are there really only 5 or 6 projects up at a time or am I missing something? This was before the whole coronavirus thing. I'm just coming back now to check because I've been busy.

Topic: Number of borrowers on BTCPop (Read 153 times)