Topic: WOULD LOVE TO LEND OTHERS ;) HELP REQUIRED ! (Read 1987 times)
just hold your btc loans are tomuch hassle for little profit.
Do not put your money in BTCjam, way to much risk.
You can loan on here but just make sure the collateral is worth more than the loan.
I wouldn't roll the dice either.
If you have a lot of BTC you could start selling them for 5-10% and then buy more.
Thanks Bro You can loan on here but just make sure the collateral is worth more than the loan.
I wouldn't roll the dice either.
If you have a lot of BTC you could start selling them for 5-10% and then buy more.
I guess I will try this offer as its a good one
Do not put your money in BTCjam, way to much risk.
You can loan on here but just make sure the collateral is worth more than the loan.
I wouldn't roll the dice either.
If you have a lot of BTC you could start selling them for 5-10% and then buy more.
You can loan on here but just make sure the collateral is worth more than the loan.
I wouldn't roll the dice either.
If you have a lot of BTC you could start selling them for 5-10% and then buy more.
Hello everyone Its Cryptosun,
I am holding like a good amount of Bitcoins for a longtime since 2 3 years , I heard lending is a good thing which can also let me make money but i am not familar how to lend because if we lend to unknown people we can be easily scammed , so i would love to get some thoughts how to lend someone and whats the surety they will pay and also is there any security a lender gets
Your help will be appericiated
Cryptosun
everyone Its Cryptosun,I am holding like a good amount of Bitcoins for a longtime since 2 3 years
, I heard lending is a good thing which can also let me make money but i am not familar how to lend because if we lend to unknown people we can be easily scammed , so i would love to get some thoughts how to lend someone and whats the surety they will pay and also is there any security a lender gets Your help will be appericiated
Cryptosun
You could put your coins on bitfinex and lend them out using their platform.
The interest is low and might be not worthwhile the risk.
Feel free to roll the dice here and there, but not worth it in my opinion. Loaning here is pretty much chump change with a ton of competition.
Check the links below should explain it pretty well
http://bravenewcoin.com/news/bitlending-to-curb-loan-default-rates/ average interest 12.68% average default 7.91% - so you might make 5% if you pick the lucky ones...or loose non stop
https://btcjam.com/stats - look at returns in the negatives...
Check the links below should explain it pretty well
http://bravenewcoin.com/news/bitlending-to-curb-loan-default-rates/ average interest 12.68% average default 7.91% - so you might make 5% if you pick the lucky ones...or loose non stop
https://btcjam.com/stats - look at returns in the negatives...
UI will suggest that you spread your bitcoin among different lending network because they help with all the security measure you only give the money when needed and you will get many people willing to borrow.
I suggest the following networks https://www.bitbond.com, btcjam and https://bitlendingclub.com
I suggest the following networks https://www.bitbond.com, btcjam and https://bitlendingclub.com
BTCjam better than you loaned in this forum. 
Because if you loaned in this forum its have a big risk than BTCjam.
Or if you like loaned in this forum maybe you just can loaned for Hero Member with good reputation because most Hero Member is a person who has been long in the bitcoin and possibly trustworthy.
How we can trust btcjam what security they provide? Because if you loaned in this forum its have a big risk than BTCjam.
Or if you like loaned in this forum maybe you just can loaned for Hero Member with good reputation because most Hero Member is a person who has been long in the bitcoin and possibly trustworthy.
BTCjam better than you loaned in this forum.
Because if you loaned in this forum its have a big risk than BTCjam.
Or if you like loaned in this forum maybe you just can loaned for Hero Member with good reputation because most Hero Member is a person who has been long in the bitcoin and possibly trustworthy.
Because if you loaned in this forum its have a big risk than BTCjam.
Or if you like loaned in this forum maybe you just can loaned for Hero Member with good reputation because most Hero Member is a person who has been long in the bitcoin and possibly trustworthy.
you can minimize the risks significantly by only giving out loans when there's a valid collateral.
you can't run here a good business based on loan with decent collateral, the only good collateral that they will ever offer might be their account, and at least it is something like legendary with plenty of trust it will not cover more than 1 btc
if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
isn't it risky? what colletral they offer there like they offer their account here?if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
yeah there are some risk even with a++ members, but there are not alternative which are less risky besides this forum, also account as a collateral isn't the best collateral, you'll never be sure of being able to sell the account
When will you start your lending business?,
No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
I am not asking for trusting me No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
i was asking about how the process works coz i had some spare btc which I am keeping since years so i thought it would be awesome if i could make some from them Save yourself the hassle and just hold on to them. Do not use BTCJam or any of those lending websites they have a ridiculous default rate from the borrowers. Lending here on Bitcointalk is a waste of time most loans are scams or for .005 amounts that are not worth the effort.
**JUST HODL**
you can't run here a good business based on loan with decent collateral, the only good collateral that they will ever offer might be their account, and at least it is something like legendary with plenty of trust it will not cover more than 1 btc
if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
isn't it risky? what colletral they offer there like they offer their account here? if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
When will you start your lending business?,
No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
I am not asking for trusting me No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
i was asking about how the process works coz i had some spare btc which I am keeping since years so i thought it would be awesome if i could make some from them Save yourself the hassle and just hold on to them. Do not use BTCJam or any of those lending websites they have a ridiculous default rate from the borrowers. Lending here on Bitcointalk is a waste of time most loans are scams or for .005 amounts that are not worth the effort.
**JUST HODL**
you can't run here a good business based on loan with decent collateral, the only good collateral that they will ever offer might be their account, and at least it is something like legendary with plenty of trust it will not cover more than 1 btc
if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
if you want to run something where you lend plenty of bitcoin, it's better to use btjam or like you said creating your own business
When will you start your lending business?,
No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
I am not asking for trusting me No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
i was asking about how the process works coz i had some spare btc which I am keeping since years so i thought it would be awesome if i could make some from them 
When will you start your lending business?,
No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
No offense, but this sounds like " trust me , I am rich and I will never do something bad".
Sorry, I just want to say what I've been thinking since I saw so many newbie scammers on this forum. I hope you are legit.
Perform thorough background checks on everyone before lending and always demand a collateral. Check the users trust, scam reports if any, other profiles on the Web etc. Moreover over, I suggest you get get to know the forum much better since you're activity is low.
Thanks alot brother for your suggestion ,and yes i guess colleteral is good way to lend and yes trust level help us thats what i learnt and yes i am trying my best been online since yesterday lol 
Perform thorough background checks on everyone before lending and always demand a collateral. Check the users trust, scam reports if any, other profiles on the Web etc. Moreover over, I suggest you get get to know the forum much better since you're activity is low.
So collateral is like a solid thing which could be kept as a security correct? and bro I think first i should start with giving low loans ? coz it will be safe for me until i understand, and according to you how much we could make with lending ?
? coz it will be safe for me until i understand, and according to you how much we could make with lending ?sorry I didn't include "what is collateral" in my previous post. edit now.
yes, you should start by giving low loans just to be safe.
profit in lending comes from from interest so that depends on your rate. most people asks for 10% but TBH the interest can vary based on the amount of a loan. tho I'm not sure if you can get much.
, I will do so. So collateral is like a solid thing which could be kept as a security correct? and bro I think first i should start with giving low loans ? coz it will be safe for me until i understand, and according to you how much we could make with lending ?
? coz it will be safe for me until i understand, and according to you how much we could make with lending ?sorry I didn't include "what is collateral" in my previous post. edit now.
yes, you should start by giving low loans just to be safe.
profit in lending comes from from interest so that depends on your rate. most people asks for 10% but TBH the interest can vary based on the amount of a loan. tho I'm not sure if you can get much.
thanks for the post buddy.
Sorry but I am a smiley's lover
i will try to use them rearly.
And my friend i am not sure what a valid collateral is it something like escrow?
Sorry but I am a smiley's lover
i will try to use them rearly.
And my friend i am not sure what a valid collateral is it something like escrow?
lol don't worry about the smileys, I was just making a joke.
you can find what kind of collateral is valid and what is not on this post. bitcointalk accounts can also be used as a collateral, but like I said, not everyone agrees with that way of thinking.
oh, and it is advised to use escrow for holding the collaterals.
? coz it will be safe for me until i understand, and according to you how much we could make with lending ? Jump to: