Post
Topic
Board Economics
Re: Loans too risky?
by
mirakal
on 18/11/2016, 05:42:07 UTC
Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.

If I will be the lender I won't allow someone to borrow bitcoins from if that would be the reason but still we can't assure even a borrowers reason will be changed. Still we can be uncertain, because they can just reason anything just to cover the main reason why they are borrowing and that will be gambling, so loans are the riskiest industry in finance and bitcoin.
For sure that person will not be able to repay the loans, no easy money in gambling and it's uncertain. Regardless of the reason it is still not advisable to lend a big amount of money here in the forum as that is too risky knowing we do not know our clients.