Re: Invest or not invest into crypto currency? here is the question
There have been service offers like that before. Chances are you are not going to see them again.
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Chances are you are not going to see them again.
Why? And you want to further add to that risk by lending them to someone who promises high returns?
I want a secure way like bank or firm which takes bitcoins or litecoins or whatever for some time as investment and in the end im getting all back plus some % from investment, its not gonna be super high what i expect but something in profit
If we could do this at the moment with Bitcoin or Litecoin for that matter, it would be awesome. However due to the fact that bitcoin still is very volatile, and that there are no supply chains yet that fully rely on bitcoin. (aka at a distributor, you still have pay in dollars) When both of these factors change, this lending could actually take off.The reason why it can't happen now, is today I loan a bitcoin, tomorrow that bitcoin could be half its value, or double its value... its just too high-risk, and thus there is a pretty big chance of losing money.
The other thing that is important to note, how many people will fully understand the above sentence, when wanting a bitcoin loan. At the moment for any loan in bitcoin, you basically have to have double the value in dollars backed, otherwise there is a chance the loan doesn't get paid back.