Re: Loans too risky?

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.

For the purpose of gambling if someone asks for bitcoin, then the risk involved is high as mentioned in the above quote. This is because of there is no assurance that the user wins, so lending would be effective for the purpose of business start-ups and trading needs.

In my personal experience aside from bitcoin, a friend of mine ask me personal money and promised to return the amount after he won the gambling of cock fighting but suddenly after the promise risk is there and resulted to nothing was returned to me. Risk is always a risk after all so much more with bitcoin if your friend or someone in a group friends of btc user who ask for something you have no assurance at all but there were few who can fulfill their promises, same as the one who doesn't.