Hi,
So something I've been thinking about is lending Bitcoin. For me to conduct trades over Bitcoin Talk, I usually ask the other party pays first (which usually means the trades fall through).
- Is it actually profitable?
- Will I get scammed to death?
Cheers.
I personally don't loan out any of my bitcoins & don't plan to. A lot of people do it successfully though & earn decent interest. You need to be careful who you deal with though as there is a high probability of getting scammed.
Look for people with positive trust (click on their profile, you'll see I have a trust score of 4 (-0) (+2) which means I have 0 negative feedbacks & 2 positive so somebody like myself would usually be safe to deal with).
Try & take a collateral as a condition of the loan, there are many escrow providers around here who can advise you well. Seek out Quickseller.