Ninjastic
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Board Trading Discussion
Re: Bitcoin Loaning - Is it worth it?
by
Fishbones78
on 28/07/2015, 21:21:36 UTC
Quote from: jonald_fyookball on July 28, 2015, 09:16:13 PM
Quote from: Fishbones78 on July 28, 2015, 12:54:16 PM
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.

No.

Yes.
That's a very straightforward answer, people seem to have very different opinions on loaning. I think i'll try a couple of micro loans (but still request collateral) to test the water. If I make a loss, I have my clear answer  Tongue