Topic: Traders Don't easily lend out money. - page 4. (Read 781 times)
It depends on the situation and the person you are going to lend your money. If it is for emergency use then I can sacrifice the part of my trading funds. Money is just a money that can be earn anytime as long as you are hardworking with a lot of strategy on how to earn not just in trading. Helping someone who is in need is significant if you are a good person with a kind heart either you are a trader or not.
This is a mistake that I’ve committed last 2018. One of my contacts is curious on what I have been doing, because I’m having much success in crypto (especially in the trading side). He immediately asked if I have extra money to spare for him to borrow, and I initially lended him since he was a good guy. Then week after week, he kept asking until I immediately stopped contacting him. He still owed me almost $400 until today, but I didn’t mind anymore. I stayed away from him until now, even if we accidentally see each other, I would just quickly ignore and move away. It’s a lesson learned.
As for the recent ones who reached me out privately that they need to borrow money, and I immediately put them on my ignore list and never get in touch with them again.
As for the recent ones who reached me out privately that they need to borrow money, and I immediately put them on my ignore list and never get in touch with them again.
Work for your own money, nobody owes you anything.
No, I will reconsider who, what my money will be borrowed for, and how much.No matter how busy and successful you are in trading, it should not limit you from doing something useful with the money you collect. Don't let yourself get so caught up in greed that you forget that you are a social being.
I don't think there was any need to post it here. Frankly speaking, it's an off-topic, nothing related to trading.
In my honest opinion it depends on a lot of factors, how are you with money.? hows is your friend trusting you.? how much money you want..?
If you really need the money so bad then any of your good friends will help you out regardless of what they are making.
In my honest opinion it depends on a lot of factors, how are you with money.? hows is your friend trusting you.? how much money you want..?
If you really need the money so bad then any of your good friends will help you out regardless of what they are making.
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.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
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.
Well, it depends on the situation and who you be lending with. If it is a life or death situation of a friend or family, I could give consideration and remove some of my capital/profit to lend out. I know it can affect the way I trade but I do trading for my life and the people around me. But If the loan reason is for another way of making money like trading, investing or gambling, I personally wouldn't let that pass. It somehow limits the things you need to do when your funds were insufficient.
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.
Yes you’re right about , and it’s not just only traders. I am a trader too and I am always careful with what I do money because I know very well that making money these days is a really difficult thing, so I can’t be wasting my money anyhow. But another thing is that it also depends on who is asking for the money and also why they are asking for that money. 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.
Also the way I live my life, I don’t live my life in a way that everyone is going to know that I have the money, I live a very secret life and not the type that’s going to make everyone feel like I have money to give. When I have enough, I give to people without minding if they are going to pay back or not. It’s best to give what you can afford to lose, because some people are going to find it hard to pay back.
Lending is for people who are unsure what to do with their spare cash. Smart people often allow their wealth to make them more money. All of them is a trader. However, only a limited number of traders succeed in making profits, while the others lose money. In certain cases, lending is therefore better than selling. Defi credit providers provide low-interest loans .
It boils down to the fact that those asking a trader friend for cash may have refused to learn how to trade from the friend who is a trader. So, it raises the question of "If you don't want to learn how to fish yourself, why ask me for fish?" Another thing can be that no one easily gives out what they fought hard to earn or get. Trading isn't easy but outsiders don't know this. They think traders easily pluck off winnings on trades like they do mangoes. Besides all that, every businessman tends to calculate every loose cash as a capital they should reinvest and may not see a need to lend it out. The advice will be — If you have a trader as a friend, beg him to teach you the trading tricks and not give you loan.
This is true, When I was starting in this trading, my friend who was started making fortunes will sometimes offer foods and drinks but will never lend. And when I talk to him about it, he shares the ideals and it really strikes me as it really makes sense. The one you said ^^^ is almost the same to what he advised.
So many reasons so hated that even your friends don't that but that is how people becoming too exhausted in making money and they become more greedy. Anyways, that is their money, we have no right to complain but instead, we have to work our own without relying on others help.
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.
This is true, When I was starting in this trading, my friend who was started making fortunes will sometimes offer foods and drinks but will never lend. And when I talk to him about it, he shares the ideals and it really strikes me as it really makes sense. The one you said ^^^ is almost the same to what he advised.
they easily borrow from defi platform that offers lending solution. No wonder most of them got liquidated during this season. i can believe i lost my 4.5 binance token just because i borrowed 2000busd from my lending platform. i hope i gets results or else it looks like i maynot be borrowing again. terrible mistake from me.
I imagine that they don't actually like loaning in any case, makes you less monetarily steady as you make a propensity for loaning on the grounds that not every person who loans to you will take care of you, almost certain they will rationalize to not compensation you until you quit pestering them about it. Merchants simply center more around cash since they realize they can get more cash-flow out of the cash they own by contributing, thus the dithering I presume.
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.
I will not lend money to others or my friends from the profits of the trade results. Because I want to develop my career
in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.
^ Trading did not have any guarantee that you will earn money instantly and this is also not an easy job to do, you need to study and have further research before you will learn in trading. For me, trading is a sort of gambling, the advantage is this is not a base of luck game, you probably have a chance to earn profit depend on your knowledge had. So, therefore, I may advise putting money on the trading of what you can afford to lose and don't you ever lend money for trading, that is a very risky move if you will do that. Dont ever lend money just for trading, it may put you in a massive debt someday. in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.
I will not lend money to others or my friends from the profits of the trade results. Because I want to develop my career
in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.
in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.
Most traders really hope that they can develop their capital first when getting profit in trading, but on the other hand we also feel confused when friends need money, at first glance think how sorry it is if we can't lend money to them. A person's personality is certainly different when faced with a problem like this, there are those who feel sorry for others, some are lying bluntly if they actually have enough money to lend.
The feeling of entitlement is a very bad habit that should be fought to get rid of at all cost. Nobody owes you anything irrespective of what you played in that person success story. Let assume you taught them how to trade and they're now doing perfectly well meanwhile you're having some rough time, that doesn't mean they are obligated to help you at every single problem you encounter.
I know people will get mad at me for saying this but it's a generational problem I think because I saw it myself, my generation was more entitled than my parents' and the ones after me even more so. We think we are entitled because everything is our right. People here online even on casinos think it's their right to ask for free things. Site down? Give me freebets. This is the mentality sadly.
legendary
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Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Work for your own money, nobody owes you anything.
The feeling of entitlement is a very bad habit that should be fought to get rid of at all cost. Nobody owes you anything irrespective of what you played in that person success story. Let assume you taught them how to trade and they're now doing perfectly well meanwhile you're having some rough time, that doesn't mean they are obligated to help you at every single problem you encounter.
That the users want to help you should be from his or her own goodwill. That been said, I don't totally agree with you OP. Traders (infact) all cryptocurency enthusiast are one of the most generous people out there. Sometimes the gain comes so easily and quick that out of joy things like lending of funds are done at ease.
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.
Well, it was the call of the trader if he wants or not, and I believe that he knows already what will be the consequences of that. Isn't wrong if we lend people especially our friend provide that it was just enough that he can pay us back in a specific time frame. And probably we know already the capability of the said person that is why we trusted him/her.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.
But if the said transactions happen online, that will difficult, and for me, hell not for that as it was really hard to trust people online, especially when asking for money.
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