Ninjastic
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Board Economics
Re: Loans too risky?
by
Zooplus
on 01/08/2016, 01:35:43 UTC
Quote from: Bit1334271 on July 31, 2016, 09:54:27 PM
Quote from: ontrackk on July 31, 2016, 09:50:21 PM
Quote from: lister storm on July 31, 2016, 08:42:54 PM
Quote from: Rastanan on July 29, 2016, 09:06:13 AM
I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money
yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for
If you are giving loan after all inquiry then its not easy to lost money because already many members doing this and have very good profit just case is done with care and proper work
Actually the rates are so profitable the only risk is that if the borrower cannot pay their loans you will be automatically at loss, if lending your money you should also diversify it with number of clients, your concern should be the volume not the amount.