Topic: Traders Don't easily lend out money. - page 3. (Read 778 times)
Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit. Traders work hard and trading is a very lonely job. If you make profit, or loss, you are solely responsible and on your own. Traders have higher standards for earning a living and expect others to up their standards as well!
As this happens many times, because trading is a type of business and in business you have to trust some people if you want to earn a lot and make some profits by making hard decisions too sometimes for having a faith, but another thing is that people are scared about their money that whether their money is losing or they getting it back.
You are right. Even traders keep some money just incase some trades are gonna get liquidated. So, the money can serve as saviour to prevent them from getting liquidated.
And you are absolutely right here. Nobody owes anyone money.. Work for your own money.
Work for your own money, nobody owes you anything.
And you are absolutely right here. Nobody owes anyone money.. Work for your own money.
did you make this topic as a form of your disappointment because you have lent money to your friends?! I think it all comes back to each of us. If you are still able to help why not, because we live not always on top, one day we also need the help of others. the problem of whether to lend or not to return to the lender ... there is no reason people forbid . Because I'm sure they already know the risks when he gives loans.
If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.
You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
I don't know what's your trying to pointing out here in the forum discussion. Why? are you one of the individual traders
who lend out money when you do trade in the actual exchange site platform? I was just curious only, due to for me I don't
lend out money ever.
Maybe because they more money from trading as compared to the interest and the risk involved in giving out loans. Am a trader too and I have not given out loan to anyone for those that use to asked me for crypto currency loan are people I know there financial background and their level of trading so, I can't risk my money with such people.
Throughout life ethics and life concepts, debt is something that cuts down many branches of the relationship tree, sometimes a relationship of several decades breaks down just in the lending relationship, although despite knowing each other's personalities well from the start and knowing their ability to pay, even a little consideration does not appear but disappointment is still a voice throughout. Too little constraint makes borrowers have no pressure, traders are the most stingy and meticulous about binding, so borrowing money from traders can only be a family bloodline
Maybe because they more money from trading as compared to the interest and the risk involved in giving out loans. Am a trader too and I have not given out loan to anyone for those that use to asked me for crypto currency loan are people I know there financial background and their level of trading so, I can't risk my money with such people.
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Good for you if you developed a circle of friends who also into this same venue of investment, your point is good if those people or friends are good payers, sometimes, close friends are the one who don't value friendships when in terms of money matters, broken relationship because of some lent money which being neglected.
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I also do the same if I know the track records of the person who's borrowing, if he's also inside the business, it's easy to follow his trades and see if he is performing well or not.
At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.
If we don't have the word "Patience" it is better not to lend out money anymore even it is for your friends. It really hard to ask these people when you are in need of money nor to ask for repayment as they will think of you that you are rich because you are a trader but deep inside, they'll never know how hard to earn a profit from trading. At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.
If a close friend and he also trades i will do it if i make big profit and besides i also know his trading trail, if possible and often make a profit why not.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.
Good for you if you developed a circle of friends who also into this same venue of investment, your point is good if those people or friends are good payers, sometimes, close friends are the one who don't value friendships when in terms of money matters, broken relationship because of some lent money which being neglected.
I also do the same if I know the track records of the person who's borrowing, if he's also inside the business, it's easy to follow his trades and see if he is performing well or not.
At that point, it's not hard to ask for him to pay me or if I needed to extend my patience waiting for him to repay.
Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
There are different types of traders, some are love lending, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. Traders just focus more on money because they know they can make more money out of the money they own by investing. Mostly traders able to earn on their own they do not have to wait for other people, they simply want to know how to further develop himself.Usually active traders have to secure their capital because they don't have idea of the market and if they feel any depression in market crash situation arises they need to deposit funds to their wallet which they have set aside.
Less stress and hustle also for the trader. Because if you will lend it to someone, you have no assurance if he will respect your agreements in terms of date of payment and percentage of interest. You can never be sure if you will get your money on the time you agreed. So if you are active trader, it is understandable if you will prefer to use it as your bankroll rather than lend it to someone.
Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
There are different types of traders, some are love lending, but I think that we can get more money by trading. Lending away coins is usually more for investors who have a long term approach. Traders just focus more on money because they know they can make more money out of the money they own by investing. Mostly traders able to earn on their own they do not have to wait for other people, they simply want to know how to further develop himself.Usually active traders have to secure their capital because they don't have idea of the market and if they feel any depression in market crash situation arises they need to deposit funds to their wallet which they have set aside.
If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.
You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
Not only this another reason why traders don't lend out money is because of the cost of capital, they always think of the return that they could earn on the money that they have lent to someone, this way they think that opportunity cost involved in giving someone that money isn't really justified which is why they decide not to lend out money anyone. Your point is quite valid too, generally, money is also engrossed in various trades, also when you take out money from your capital you also give your risk aversion and percentage a hit, which means you have to reduce your order value too. You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
Another reason why they aren't lending money easily is they know how trading works and they're aware of its risks. Traders already know that it there's no guarantee of gaining a good profit on trading all the time so the money that they would lend will also be put at risk. It's better to use our own earnings to trade rather than borrowing and not knowing when we could return it.
If a close friend and he also trades i will do it if i make big profit and besides i also know his trading trail, if possible and often make a profit why not.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.
because me and some of my fellow crypto users often gather and exchange ideas, and things like that often happen and we pay each other if there is a crypto debt with a predetermined time and where they get it from, the most important thing is to pay because we are aware of each other and understand trading is not an easy thing.
different if someone else and is not known, and for whatever reason will not lend it.
Traders or not, people should really careful when lend out money to others. Because it already happened so many times, although it is our family or close friends, because sometimes people will change when we ask our money back. There are a place that people can borrow money named Bank already.
And you think it's quite easy to get loan from the bank as a commoner, if you think it's that easily, go give it a try and see the outcome when you don't have any leverage the banks can capitalized on to give you the loan. There's this school of thought that goes in this way, 'the banks only lend money to those that that need it'.
When you look at it, it's quite true in the sense that if you have a property to collateralized for a loan, why not just sell that property and get a better capital instead of devaluing that property at the moment then using it to get a loan that isn't worth close to the worth of the property you're collateralizing.
If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.
You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.
Work for your own money, nobody owes you anything.
It’s always better according to me not to gamble or trade with someone’s else’s money.
A trader is a one person who completely knows the risk as he have faced it a lot.
This is the primary reason for which many traders don’t give money in order to gamble their own money.
And as a responsible person the one who is taking the money should also be careful as he has someone else’s hard earned money.
I agree with that because most of the traders' capital rotates and the profits earned will also be traded back. Besides that, lending money to other people with our trading capital or assets is also not good, for me assets for trading and purposes outside of trading I separate so that I focus the capital on trading only for trading. we also don't know whether we will continue to make profits or not, so I don't dare to tamper with trading assets for other purposes or lend them to people.
Sometimes, there are traders that always cash out the profits regularly to fulfil the daily needs or even urgent situation. And the money is out of the capital for trading, or exactly the profit is taken.
However, yeah I also agree. It is like when we have a lot of money. We cannot give everyone or lend everyone money so easily. We must ensure what's for the money. if it is for an urgent condition like for paying medicals, I personally will lend them. But if it is not urgent, I will not give them. because sometimes, we will feel so difficult to get the money back. Based on the experience.
However, yeah I also agree. It is like when we have a lot of money. We cannot give everyone or lend everyone money so easily. We must ensure what's for the money. if it is for an urgent condition like for paying medicals, I personally will lend them. But if it is not urgent, I will not give them. because sometimes, we will feel so difficult to get the money back. Based on the experience.
Traders don't lend money easily because money is what traders need to trade plus time and effort. The money they earn is very important to them because it is not easy to earn and by lending it to untrusted people or other traders, this money may not get back to the owner anymore. Me personally I have already trust issue when it comes to money after the two investment scam last year. So now, I only lend from the people I realky knew.
Being in debt and then being used to trade is an unhealthy way. It creates a lot of problems, we need free money in trading. Trading requires peace of mind to make decisions, if money is not healthy we use we will certainly easily get losses.
Payable if he has good skills in trading it is still comparable. however, if your trading knowledge is limited to buying and selling, then getting into debt is the worst option for trading. Using unhealthy money for trading will only add to the burden because you still have a liability to pay off the debt. if the profit will certainly be better, but if the loss will be a lot of money to be paid.
because they are using their funds for trading activities so why would they lend when they are also in need?
If they will do such then they will end up losing a chance to make it double specially if the person who borrows money will end up not paying in time.
If they will do such then they will end up losing a chance to make it double specially if the person who borrows money will end up not paying in time.
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