Post
Topic
Board Economics
Re: Cryptocurrency lending business.
by
shoreno
on 19/05/2019, 06:22:15 UTC
I think about crypto loans, of course, we must be careful and think carefully because crypto prices sometimes rise and fall
Actually it provides bigger size of opprtunity for people who borrow it because those people can manage the fund to gain profit in trading. But I still hate crypto loans, lend money to others is not negative thing but if there is interest in it then it can give bad impact for the economy. Such cooperation is unhealthy. I preffer like to lend money to people who run healthy business then ask for dividen based on profit that earned by the business.
every loan I think is reasonable if there is interest. provided that the activities are clear, so that it produces, I don't think it's a problem. therefore before lending, we will be selective, it will be better
Reasonable only if the interest is apropriate to the amount that you have loaned but lending companies nowadays are becoming greedy . Ive seen alot of them where they offers a small loan but the interest is verry huge  . The time frame for the repayment is also too early ,if you cant pay on the said dates you will incure more charges  but this doesnt stop the willingness of people to lend because people do also want cash which makes lending a good bussines especially if done in crypto .