Would you lend in cryptocurrency? - page 5.

smyslov

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Quote from: maxitdev on October 16, 2019, 10:50:21 AM

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

We have a lending section here and many want to take a loan, and many lenders are opening a new thread to offer a loan, and many applied to this new loan if I have funds to give a loan I'll definitely give a loan through Cryptocurrency, because you will have double profit, in case Bitcoin price increase, this is one of the easiest ways to get more Bitcoin while waiting for the price to increase but there is a risk involve and if you are a lender you should ask for referral, or only lend to trusted members.

HabiebRiziq

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Quote from: maxitdev on October 16, 2019, 10:50:21 AM

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

I will only give loans to people I know or people close to me and he is also in cryptocurrency. Because sometimes giving loans in the form of coins will be able to give us profit, for example, when we give loans to others when prices are falling, that is not a problem and if the coins we borrow have the potential to recover and increase, we will get benefits when they return the coins they borrowed.

Red-Apple

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the problem with shitcoins specially those that are not even known like the one you are advertising here (Maxit) is that they are too risky because they can get dumped hard or pumped hard and there is no collateral that could cover the losses that could be caused by that.
not to mention that these coins are usually unsafe to use in general meaning they could get hacked, 51% attacked and a lot of different types of exploits in them which could lead to your losses.

that leaves the only viable option to be bitcoin.

Genemind

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Merit: 335

No, I wouldn't lend cryptocurrency. It would be a good idea since we'll gain a good profit but cryptocurrency is volatile so borrowers would have a problem especially when the market is in a bad situation. I would rather invest or trade the funds that I have than to lend it. That would be more profitable.

Zeke_23

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Quote from: ?? on ??

Yes, I would provide a loan in cryptocurrency. But only with very reliable loan repayment guarantees.
It seems to be more convenient to use Bitcoin or Ethereum.

Its very nice of you,

But if it was me, I won't lend to anyone using cryptocurrency, even if it is for someone dear to me. Cryptocurrency is an investment tool and if it will be using for loan, the borrower will only suffer. We can't determine the next thing to happen in crypto, and if crypto will increase I bet it will be hard for the borrower to pay due to sudden changes in price of cryptocurrency.

pamsugas

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Merit: 255

of course the safest is stablecoin because the value will not change. the most trusted stablecoin at the moment is USDT. borrowing with a different value in my opinion would create a risk for the borrower and lender

Zionatin

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I would only lend with collateral otherwise no ways. People have scammed me before and run away. I don't need it happening again. I wonder how often the loans are not paid back with all these loaning websites.
It would be great to invest in nexo loaning and get 8%/year They look very legit but I am still scared. It says they a Licensed & Regulated Financial Institution but what does that actually mean?

Finestream

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If I have a lot of extra crypto I would lend it but I will definitely do it in this forum, in the section - https://bitcointalk.org/index.php?board=65.0
Lending crypto IMO is good for lenders if the price is lowers as it could rise over time and they might earn profit not just from the interest but the value of the coins they lend when it rises up.

Lending also is a high risk business in crypto as you don't personally know a person, people are just judging based on its account but still somehow lenders manage to be profitable and they were able co manage the risk.

Doell

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well think depending on the request the borrower mate will choose which cryptocurrencies he needs ,the availability of crypto in my wallet is also the main thing in giving loans so I think its discussed between the two parties and some other things worth discussing again about returns loan and others

toast

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Activity: 1582

Merit: 253

Quote from: lousie9 on October 17, 2019, 02:23:15 AM

as far as I know in this forum there is a loan service in the form of cryptoqurrency, but not so for me, I will not lend or borrow cryptoqurrency to anyone, in my opinion this is very risky. although maybe they are trusted services but not for my decision.

it is very true that your reason for not lending is because the risk is very large and it is also likely not to happen because the price and value of the cryptocurrencies we cannot predict with certainty what it would be like to invest alone the risk is very large and requires considerable confidence and patience

Darooghe

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The last option is my choice, because i have to be ready for the next bull run. the next bull run will be spearheaded by the projects that provide the easiest and simplest UI that even your grandma can use for their features. I am a big sucker of decentralization and privacy so I sometimes have to use something like BISQ to get tokens and it is honestly atrocious. So I think that in decentralized exchange niche Binance DEX and Resistance DEX will be game changers since they will probably provide the most seamless and easy DEX experience, much like Coinbase does.

So if i want to pick a winner, I would choose a project or several projects that are likely to be simple to use while still providing efficient service in the niche that i am interested in. For example, Request Network was supposed to be like that in digital payments niche, but we all know how it turned out. Nano is supposed to be the most easy to use project in the currency niche, and so on.

lousie9

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as far as I know in this forum there is a loan service in the form of cryptoqurrency, but not so for me, I will not lend or borrow cryptoqurrency to anyone, in my opinion this is very risky. although maybe they are trusted services but not for my decision.

jessyj48

member

Activity: 756

Merit: 14

No i don't lend coins and tokens and I won't advice it either, its another way of losing your coin, you might never get paid at all or get scammed, some scammers roams freeing in crypto space even aftrr their faces and videos is all over the internet, the are safe so don't be surprise if the person you lend your coins disappeared

Aabcde

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Activity: 1050

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Maybe I'll think about it carefully. Because basically if we lend funds to someone without collateral such as ID, then we can be sure the loan can bring harm to yourself. Either the borrower runs away or doesn't want to pay it. I better lend it to relatives or people I know closely. So that crime will not just happen. If it is already a deal, I will lend with USDT because the value is stable and not burdensome for the borrower. Because of these unpredictable price fluctuations, USDT is the best choice. Unless you want to bet on the results of the loan.

nasipadang

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Merit: 252

I suggest to as much as possible not to make loans or lend in the form of cryptocurrency. In the case of borrowers they must submit personal information as a form of collateral, and even though we have preached but are you sure your information is safe?. And in the case of lending be it BTC, ETH or stable coin (USDT), wouldn't you be more complicated to take care of it, especially if the digital currency that you lend doesn't come back.

Furryball

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I don't lend out crypto to anybody and i don't borrow too because its not just for me, it always have a bad ending, even in real life i don't do such, shit will always happen when i don't get my money back and some humans are addicted to not paying debts

MCDev

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I only lend money to relatives and friends, but this is very limited. My loans are often diverse, maybe Bitcoin can also be ETH depending on the case and the purpose of the borrower.

meliodas

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I don't want to get into lending business especially when it comes to cryptocurrency. It is not worth it to get into lending business for me since there is always a chance for the borrower to not pay you back and you cannot do anything about it but just move forward. It is better to look for another investment opportunity rather than stress yourself out from doing lending with cryptocurrency.

Kyraishi

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Quote from: maxitdev on October 16, 2019, 10:50:21 AM

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

It depends on a lot of factors. We've seen lenders profit quite a lot off loans in the past, especially ones that have collateral.

The problem is really finding these borrowers, that are able to give you a decent profit margin and also have collateral.

I would lend in any coin - exchanges exist and I have a pretty diverse portfolio anyway.

ringgo96

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Quote from: dimox on October 17, 2019, 12:08:33 AM

nope. because no one know about bitcoin. if there someone know about it, i think they dont know how to cash it. if they know about it and how to cash it, im sure he will keep than cash it, because is there chance to get high value than he lend.

In addition to the lending system in the case of cryptocurrency we are still confused about the exchange rate used by the US dollar or using Bitcoin because we borrow has two values that can change every second and this is certainly very confusing for someone with the circumstances they must choose

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