Traders Don't easily lend out money. - page 7.

doomloop

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Quote from: iamsange on May 13, 2021, 10:29:08 AM

I wonder how if someone lend out BTC in cheap price, and then price increased, what should we do to ask our money back? Honestly, i lend out 0.05 BTC to one of my friend when rate around $500 Grin

. And when he ask, i asked with current price he look very mad and only pay 0.001 BTC, and the rest he will pay little by little. Sometimes i feel very bad for him.

It's upto you how you finalize the terms. If you gave someone a loan in BTC then they must pay back in BTC but if you gave the loan in USD but paid in BTC, then you have no right I think to ask for the same amount in BTC.

A lot of people do short and long in trading based on how they feel the market is going to move. If you take borrow 1 BTC at $55k and you have to pay back in BTC, and the price dropped to let's say $45k then you made some easy profits but the vice versa is what fears me.

Blitzboy

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Lending is for people who do not know what to do with idle money. Smart people always let money earn more money for them. Traders are among of them. However, only small percentage of traders are capable of making money while the rest only result in loss. Therefore, lending is safer than trading in some ways. Defi lending services give you an affordable lending interest, up to 50% and I think this number is attractive enough to consider

darewaller

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

That's right but most of the time it is because of the lack of trust in our crypto market and the nature of cryptocurrencies. I mean if you visit the lending section once, you will realize how high the interest borrowers often pay to lenders because getting loan is hard and the lender is taking quite a risk particularly when lending without collateral.

Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

Work for your own money, nobody owes you anything.

My logic in such situations is simple. If someone is paying higher interest than my own ROI from my trading then I have no problem giving them the loan but not without some kind of guarantee, collateral or assurance in writing.

xSkylarx

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

Successful traders went into struggle too before they reach that point so we should not feel bad if they could not help us when we ask them. They did not earn that money for us. Like in my experience, I don't set high expectation when I ask someone for help. I don't expect them to just say yes just because we are close or a family relative. I just think that it is their money and they worked hard for it so there is no reason to forced them to lend it to me just because they are already successful.

Ridwan Fauzi

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Unless you have got profit consitent from your trading activity. I heard there are some traders who have got profig consistent an example for one week pariode and they have routinely withdrawn the profits that have been made. At this situation, I guess there is no harm to lend money to friends or even family in need. I often do this thing so far, but depend on the situation especially the purpose of they lend money.

If the reason they lend money for their daily life I tend not to lend my money but if the purpose of borrowing money is to make a business or even for trading I will lend it, because I believe they can pay their debt quickly. So, I think it depends on your trading conditions, if trading is your source of income or you have been getting profit consistent then you can lend your money, but if you haven't reached that condition then lending money is the most dangerous thing that you do.

iamsange

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I wonder how if someone lend out BTC in cheap price, and then price increased, what should we do to ask our money back? Honestly, i lend out 0.05 BTC to one of my friend when rate around $500 Grin

. And when he ask, i asked with current price he look very mad and only pay 0.001 BTC, and the rest he will pay little by little. Sometimes i feel very bad for him.

jrrsparkles

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

If you want money then take a loan from bank, friends are not fir financial benefits they are here for moral support but still friends help each other if they are really close to each other so it depends on who is asking for money to them.

Alert31

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Everything is depends on the situation and the person who need to lend. Traders are not niggard/selfish despite of the fact that traders always put a lot of time and effort to earn profit in trading. If they know that the person is really in need or emergency specially if family members, a trader will always generous (but not all).

Alucard1

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Not actually, it still depends on these things:
- the one who is asking for a lend
- is your profit enough for lending out.
- you won't need your money in a time frame before they repay it.

But guys, I don't think that lending money is a good habit especially if you will also use it for trading, that is too risky, it is better to use your own money than asking it to other persons, you are the one who is going to do a thing to earn money and do not rely on too much to anyone.

Oshosondy

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

I do not think all traders trade with all their money, there are different types of trading, I can still believe someone that hold or someone that prefer swing trading to use most of his money to trade, but what about day traders, this type of trade is very risky and traders can easily lose, successful day traders do not make use of 5 to 10 percent of their money, because of the risk.

Another point is that people are different, some people are cheerful giver while some people are stingy, stingy people can not borrow anyone money, some have the mentality that any borrowed money may not be paid back or thinking chances that the money will be paid back is slim, so they may decide not to borrow anyone money.

crwth

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

It depends on the type of trader. Maybe he has a lot of money that he can't do anything else but let other people have at it with his money. Possibly, using the lending services of the exchange.

Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

I think it mostly depends on the person or the amount that he is being asked for. If you know someone who has a lot of money but doesn't help out others in need, probably he is just selfish like that.

Ararbermas

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Quote from: thesmallgod on May 13, 2021, 06:21:54 AM

Depending on what the person need the money for and who the person is. Being an active traders and being approach by family member that seriously need money for health issue will trigger you to lend money or even give such person for free

correct and the most epic is when you suddenly realise why they all treating you like something especial, such your close friends and relatives. Lol
I don't know maybe they all knows that you can dash some money without hesitation or there's another reason? Grin

actually when it comes money it doesn't matter to me especially when needed or for emergency . But when its comes for something that for me not necessarily to spend or seems not reasonable .. Sorry you will receiving some of my reasons as well wherein its up to you if you will agree or disagree . Lmao

arwin100

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

Did your friend try to lend your money? Maybe tell him politely your reasons and also not all traders are something like that since mostly traders always have back ups, I'm little much sure that a trader will hand their friends their earned money if they are truly in need since positions will not really matter if someone is in emergency. I know its so hard to earn but I think this will depend on situation.

Mauser

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

As a trader we need to use our own money for trading. The problem with lending away coins is that we won't be able to trade when we see a good opportunity. Sure we get a decent return on our coins for lending them, 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. If we just hold coins in our wallet and don't trade them than we need other ways to earn money in the meantime. Lending away coins can be a good way for investors to make a little return while just holding our coins.

wahyu wida

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indeed most people when they have borrowed seem to have forgotten the loan, so sometimes we are like begging to collect it. but not everyone is like that. actually in trading we use whatever capital can give maximum results, but sometimes people are ambitious to immediately get big money

iamsheikhadil

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Probably OP just got through a bad experience with his trader friend who refused to give me money Grin

jokes aside, not only from traders, you shouldn't ask anyone money unless you need it for really emergency reasons, and always save up some spare amount so that you don't have to beg to others, but this is only until a big emergency comes where a true friend will always help you. Traders just focus more on money because they know they can make more money out of the money they own by investing, hence the hesitation I guess.

passwordnow

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Even if you're not an active trader and just an investor. People won't understand that your money is circulating in investments and if you're not going to grant them borrow money, you're going to be thought of someone who's too selfish because you didn't borrow them money.
In real life experience, I've experienced that many times. When I've got money active in investments then people asked me to borrow money and most of them are my relatives, they don't understand my situation and when I didn't granted them, they thought of it as someone bad and selfish, well, what a life.

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Quote from: Rruchi man on May 12, 2021, 02:32:57 PM

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.

Sorry but what cares us this ? Who is asking about traders to lend others? what's the point of explaining this? are you a Trader that had been asked to lent someone?

Quote

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.

Is this about your friend? why not tell Him directly and not needed to tell us all here?

Quote

Work for your own money, nobody owes you anything.

Talk to your friend , we don't need to hear your sentiment and drama.

thesmallgod

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Depending on what the person need the money for and who the person is. Being an active traders and being approach by family member that seriously need money for health issue will trigger you to lend money or even give such person for free

Obito

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Because they know how hard it is to earn money on their chose career path, they instantly feel some regret lending it to other people because they ought to be the one that is reaping the benefits of their trades and I think that they don't really like the idea of lending in the first place, makes you less financially stable as you make a habit of lending because not everyone who lemds to you is going to pay you back, pretty sure they will make excuses to not pay you until you stopped nagging them about it.

Topic: Traders Don't easily lend out money. - page 7. (Read 781 times)