Quote from: darkangel on July 08, 2017, 08:43:23 AM

Quote from: The Pharmacist on February 25, 2016, 04:26:13 AM

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?

Lol I don't believe a word you say about your bitcoin holdings, no offense. And what's up with people not returning what they borrow? Hello, are you new to the world? It's greed and dishonesty. I assume you're probably not new to this forum either.

When you lend, you must anticipate risky things. A creditor may also default. But bad guys always take advantage of every loophole to get money. With bitcoin bad guys can steal your bitcoin wallet. So you should be very careful about risky loans.

In online you can find many good and bad people, and mainly you can see many scammers who want to exploit every opportunity to make a free and easy by cheating others. So if you want to be successful in lending business, then you should come up with what kind of collateral can accept and should lend only with those collaterals and don't ever send money until secure you collaterals then only you can make some money from this lending business.