Quote from: bakingbad on April 11, 2016, 05:40:59 PM

Quote from: zachmartus on February 25, 2016, 04:13:28 AM

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

yes loans are very, very risky thing because we all know that people are usually very greedy and they won't want to give back even more than they got from you, so of course that they will want to scam you, i think that loans giving is most risky job to do with bitcoins,just because people these days are too greedy

Yeah its risky but if you are not wise or smart you will lose.. so make sure that he send first or use escrow to hold the payment and account collateral so that you are far in scammers..