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[Gratiano]

Perhaps I am not placing this thread in the correct category but you will let me know I suppose...
Has anyone used any international p2p lending/borrowing platform? Does it work?

 

[cashonline]

bitbond is one of them, but most members say they are not earning from it, the returns are low and the worst part when you invested and the borrower is "defaulted" (stop paying) turned like you donated your bitcoin/cash to these crooks, of course bitbond cannot go after these scammers.

 

[Beringianus]

Don't know about cryptocurrency, but have some experience with cash one.

Over all it's not so risky if you know what you do and if no, then you can learn it :)
Currently have first year past my shoulder and got bit more than 10% from investment. Have "lost" 0,02% that most likely will not get anymore back. There is around 10% in state of returning and don't getting any yield from them (it's like 5% chance currently for me to not get back it and increase lost amount )

Later need to pay to government tax 20% from earned cash :)

Made many mistakes and other not smart moves running after high yield, thinking that it's better, but constant medium rate income is better than higher with problems. But it nice to have them, if they are constant.

Currently the cash that i have i can get out around 5-10% from whole size in one month without selling anything, later it drop because of length of you loans time (from 2 month till 5 years) so you can't get back all your cash fast if you have put it in. There is a way to sell your contract to others investors with discount starting from 0%, but it takes time.

 

[Lovely]

Peer to peer lending is one thing I can't advice anyone to engage in.Most of the sites are scam sites that ask of some deposit before getting the initial and immediately they get hold of your money then you can get through to them again and they're so bold about this,so one has to be careful,maybe you could try lending club,I think it the most popular one now.

 

[Medowriter]

Apparently you are all aware of the risk involved in most of these ponzi schemes, personally I don't believe in investing Little for double cash without any justifiable job or tasks being done.

 

[tusziget]

Apparently you are all aware of the risk involved in most of these ponzi schemes, personally I don't believe in investing Little for double cash without any justifiable job or tasks being done.

You are right about it.Some sites promise to double your investment,but form where?From where they have to give you back the double of your invested sums?From other members money?And who is gonna pay the other members?

 

[Gratiano]

You are right about it.Some sites promise to double your investment,but form where?From where they have to give you back the double of your invested sums?From other members money?And who is gonna pay the other members?

As said elsewhere, for you to earn some money, someone else has to lose it. Therefore, tne only way I suspect to be real and valid to double or multiply any kind of investment is gambling, whatever its form is.

 

[gammarays]

P2P platforms you referring to are platforms that gives your money to borrowers in exchange for some profit. One thing to have in mind is that the platform will take it's cut which will make your money low.