I am a little skeptical about online lending. I'd rather lend to someone who I know personally than transact with a person over the net. That is why I am simply just holding my bitcoins right now and just waiting for the opportunity to sell. I am still looking for other investments that would not require me to monitor it on a daily basis. Something that gives me 15% annually as passive income would be great.
Same here dude, i do have doubts on making a lending business here on online world because of the risk involves and its very a dangerous move that you would lend money to those people you dont even know and if i would choose its better to make lending business on physical world and its also a good investment.
Lending bitcoin online is a suicide business. There are multiple scammers everywhere that will just run after receiving your bitcoins. You cannot trace them since they use multiple hosts. Another thing there are legit lenders but they will invest in gambling or hyips and end up losing all the bitcoins, then they will no longer have funds to pay you so they will hide and no longer pay. Lending bitcoins is a suicide business so better not divulge in it.
Agreed and I think lending is something like donating your money in the hands of the scammers as there are least chances that you will make money out of it.