Would you lend your cryptocurrencies? - page 10.

Hamphser

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Quote from: famososMuertos on August 16, 2020, 04:58:47 PM

Questions:
would you 100% trust them?
NO!.
Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

This is a classic question of, that is, you just have to add the exclamation points.

Definitely no!
I do even have questions in mind on how the hell those people do consider on putting or trusting up their funds to be into those third parties or companies that do offer annual growth interest rate with their crypto
which they havent realized that they can be possibly be gained up by just holding your own coin into your own wallet?
I dont know on whats up to their minds but to think up the volatility basic aspects then you can possibly earn more on the amount that you do expect on using up those services or platforms.
Its just really that nonsense for them to consider.

semobo

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8.5% return per year is not really worth the amount we are going to risk so I will be relying on the lending section of bitcointalk where you can earn 5 to 10% even in a month for lending small amounts but you are going to lend the money based on trust and nothing else so you have less people to choose from.

glowing10

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Quote from: 2double0 on August 16, 2020, 03:56:24 PM

Lending here will gain you more than 5% per month on your lent crypto funds and there will be no guarantee anywhere. If you are looking for a guarantee from your borrower, you can only lend to those who give you 120% or more worth of collateral to the amount they are willing to borrow from you. So if you don't lend no collateral loans, you will be at much lesser risk.

Collateral is a must unless one is the reputed member here than there is no harm to give it. But for new comers or to lower ranks it is a must to have collateral against it and now with bitcoin price crossing 12k it is much more valuable and one cannot risk to lose it.

famososMuertos

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LE ☮︎ Halving es la purga

Some things with your OP, first you have no capital. It seems!. Starting a business with fear is simply having no idea what you are going to do, if you are afraid of losing money on loan, that is, a part of the capital you have for that, you are trying to invest everything you have, it is a mistake.

The businesses that you see on the Internet under this type of modality, which do not ask for money in exchange for a bond / guarantee or what is called a trust loan, have so much capital that a user who does not pay means a commission that does not enter, no it is loss of capital.

There are so many ways to earn money on the Internet that this is only one way, but there is a variety of tastes and the main thing is to invest money without fear of losing it.

Quote

Tip;
Please, but never in your life ask a stranger I can "lend money to a third party" who is also a stranger. Always use some kind of confidence level. And the best some kind of guarantee.

Questions:
would you 100% trust them?
NO!.
Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

This is a classic question of, that is, you just have to add the exclamation points.

2double0

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Lending here will gain you more than 5% per month on your lent crypto funds and there will be no guarantee anywhere. If you are looking for a guarantee from your borrower, you can only lend to those who give you 120% or more worth of collateral to the amount they are willing to borrow from you. So if you don't lend no collateral loans, you will be at much lesser risk.

Taskford

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Quote from: AjithBtc on August 08, 2020, 02:28:30 AM

Lending is quite profiting, for the same you can follow one of the reputed member of our forum DarkStar_. In my opinion he's one of the best who is into lending. I'll get into lending only within the friends circle, because receiving collateral through the internet is a risky job.

We can get a profit from this if the lender will not default their borrowed amount so we should make sure that we are scanning them to see if they can able to pay or not since knowing the person can give as an assurance that we can possibly get back the amount and we can earn by letting them to barrow our money as well for less risk lending business if we want to create a business like this a valid collateral is a must for our very own protection from defaulters.

KyoRider

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A big no specially if you dont know the person or the user.. Ill just stake it instead of lending

AjithBtc

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Lending is quite profiting, for the same you can follow one of the reputed member of our forum DarkStar_. In my opinion he's one of the best who is into lending. I'll get into lending only within the friends circle, because receiving collateral through the internet is a risky job.

Wratheye

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In order to decide on this, you need to think very well.

ultrloa

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Quote from: ?? on ??

Quote from: Kayj55 on July 14, 2020, 03:03:50 AM

Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

Lending programs on different exchanges works just fine and is very beneficial to many, but i would rather trade my cryptocurrencies cause I believe I can earn more in days though trading rather than lending. So it's up to you to decide what exactly you want and go for it, at the end its a win win situation.

If one is good at trading and can make some money, then it is good to have our coins with us only rather than lending it to somebody else. We can trade with our own coins and take advantage of volatility in the market which can help to make money as well. But yes, trading is risky and should be able to take that risk.

Well, lending and trading both have risks and will also provide benefits and then, whatever you do at least you should be able to manage risk carefully and indeed, everything will benefit you but if you cannot overcome the risk then it will only be a loss for you. So just do what you are interested in but still do it with the skills you have.

Cryptocurrency loans are very risky if you cannot pay them unless you are an expert trader and you will definitely benefit, but if you are an expert, why borrow and it's good to have your own capital gradually to get maximum and clean profit.
borrowing cryptocurrency without expertise and trading experience is suicide.

Risky to the extent that you cannot guarantee anything with it we are dealing with anonymous persons everyday and even trusted members could turn up bad when the crypto is on their hands. That's why we need to be more careful on lending since we might gonna encounter those dumbass who's waiting for us to extend our helping hands and end up scamming us in return.

For people who are in this business they should always secure a valid collateral for safety.

atjiat

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Quote from: Reatim on July 31, 2020, 12:56:52 AM

Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

You need to be very particular in lending your Bitcoin,there are tons of scammers here that targeting newbie lender like you.
and also remember that even those prominent account that giving a loan here are becoming a victim also.this is a proof that there is no free in this world in bad target.
i have been thinking that same thing when the price of bitcoin fell in 2018 but my instinct did not match my plans.
Make sure that you will only lend those who has collateral to keep you safe.
or lend only those account that has been known Here for their character and limit the amount depend on their position here in forum.

As far as I understand, this is a kind of banking deposit, where the user invests his cryptocurrency and receives interest for this. Correct if I'm wrong. In this case, if the resource or campaign really has a very good rating and authority, while real opportunities for fraud are excluded, then the user who gave the cryptocurrency at interest, in any case, should receive a fixed reward, as agreed. Although this, I think, should be in theory, but in fact it seems to me everything happens quite differently.

btc_love

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I would not lend anyone any cryptocurrency, because, in the event of a controversial or unambiguously fraudulent situation, it will be almost impossible to get a return.

Reatim

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Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

You need to be very particular in lending your Bitcoin,there are tons of scammers here that targeting newbie lender like you.
and also remember that even those prominent account that giving a loan here are becoming a victim also.this is a proof that there is no free in this world in bad target.
i have been thinking that same thing when the price of bitcoin fell in 2018 but my instinct did not match my plans.
Make sure that you will only lend those who has collateral to keep you safe.
or lend only those account that has been known Here for their character and limit the amount depend on their position here in forum.

amiraja2

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Quote from: iv4n on July 22, 2020, 12:26:44 PM

Quote from: Kayj55 on July 14, 2020, 03:03:50 AM

Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

Lending programs on different exchanges works just fine and is very beneficial to many, but i would rather trade my cryptocurrencies cause I believe I can earn more in days though trading rather than lending. So it's up to you to decide what exactly you want and go for it, at the end its a win win situation.

Lending is one of the advantages of DeFi, read more about it. In past months DeFi projects are on the rise, and by the reviews that we can see on many places it's going good for people who invested. It's one way, other is lending options that some exchanges have, it's safe too. And anyone can start lending service on their own, just be careful what kind of collateral you are taking for the coins you lend.

the Defi program is now very popular and is the talk of many people in the crypto world and there are already many coins with the Defi digital currency change loan system very easily and low interest rates,
or maybe you should read more about the Defi program

iv4n

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Quote from: Kayj55 on July 14, 2020, 03:03:50 AM

Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

Lending programs on different exchanges works just fine and is very beneficial to many, but i would rather trade my cryptocurrencies cause I believe I can earn more in days though trading rather than lending. So it's up to you to decide what exactly you want and go for it, at the end its a win win situation.

Lending is one of the advantages of DeFi, read more about it. In past months DeFi projects are on the rise, and by the reviews that we can see on many places it's going good for people who invested. It's one way, other is lending options that some exchanges have, it's safe too. And anyone can start lending service on their own, just be careful what kind of collateral you are taking for the coins you lend.

Kayj55

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Quote from: ATSgrowth on June 25, 2020, 07:24:30 AM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

Lending programs on different exchanges works just fine and is very beneficial to many, but i would rather trade my cryptocurrencies cause I believe I can earn more in days though trading rather than lending. So it's up to you to decide what exactly you want and go for it, at the end its a win win situation.

batang_bitcoin

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Quote from: Romulo00 on July 11, 2020, 12:01:09 AM

Yes , I used compound and AAVE , i have little profitts but only 0,02 ethereum and 10 DAI

I have been hearing and seeing this lately about compound. Is this the DeFi that's popular? The platform is growing day by day and many borrowers and lenders are going across that DeFi.
https://compound.finance/markets
How much you need to have for that profit of 0.02 ETH and 10 DAI?

arwin100

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Jack of all trades 💯

Quote from: sheenshane on July 13, 2020, 06:15:16 AM

Quote from: reliable on July 13, 2020, 01:01:48 AM

Quote from: abeecrypto on July 12, 2020, 05:08:07 PM

I will find it hard to lend my cryptocurrency in an online platform. That is not the kind of risk I can take. Not for now. There is so much happenings that can lead to loss of your crypto on lending platforms. Very risky! Those lending platforms can be legit today, and tomorrow they become not legit. You never what to expect. Offline lending is less risky though.

Would be hard for me as well to risk that amount of the crypto to lend because either you have a backup capital where you would be able to have money even in case you lose it which I do not have it. So in such circumstances will be happy to hold it myself or sell it whenever the need be rather than risking it to unkown person.

Indeed, that is very risky especially dealing with random people on the internet and you didn't know personally.
It's not hard to lend your crypto if you know who's borrowing this, just like in our local section that we have a lending thread exclusively for the Pilipino community and of course non-collateral if your account is trusted enough or in Lending board open for all forum members but at least it depends again to the borrowers.

Though it's risky there are various ways you can minimize your risk if you really want to.

It's been discourage to deal with anonymous people especially on internet and this is been discourage to anyone that's why some lenders is always advice to acquire a valuable collateral to their borrowers, I somehow impressed with people taking the risk like those people on our local board where they trust people with their money but they should put a limit and don't lend any big amount since anyone will run especially if they can't paid their borrowed money in the scheduled timeline.

sheenshane

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Quote from: reliable on July 13, 2020, 01:01:48 AM

Quote from: abeecrypto on July 12, 2020, 05:08:07 PM

I will find it hard to lend my cryptocurrency in an online platform. That is not the kind of risk I can take. Not for now. There is so much happenings that can lead to loss of your crypto on lending platforms. Very risky! Those lending platforms can be legit today, and tomorrow they become not legit. You never what to expect. Offline lending is less risky though.

Would be hard for me as well to risk that amount of the crypto to lend because either you have a backup capital where you would be able to have money even in case you lose it which I do not have it. So in such circumstances will be happy to hold it myself or sell it whenever the need be rather than risking it to unkown person.

Indeed, that is very risky especially dealing with random people on the internet and you didn't know personally.
It's not hard to lend your crypto if you know who's borrowing this, just like in our local section that we have a lending thread exclusively for the Pilipino community and of course non-collateral if your account is trusted enough or in Lending board open for all forum members but at least it depends again to the borrowers.

Though it's risky there are various ways you can minimize your risk if you really want to.

reliable

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Quote from: abeecrypto on July 12, 2020, 05:08:07 PM

I will find it hard to lend my cryptocurrency in an online platform. That is not the kind of risk I can take. Not for now. There is so much happenings that can lead to loss of your crypto on lending platforms. Very risky! Those lending platforms can be legit today, and tomorrow they become not legit. You never what to expect. Offline lending is less risky though.

Would be hard for me as well to risk that amount of the crypto to lend because either you have a backup capital where you would be able to have money even in case you lose it which I do not have it. So in such circumstances will be happy to hold it myself or sell it whenever the need be rather than risking it to unkown person.

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