0.5 BTC Loan Request... More Details Inside... - page 3.

Watoshi-Dimobuto

hero member

Activity: 840

Merit: 524

Yes!

Quote from: Willisius on January 06, 2015, 02:19:47 AM

Quote from: gkv9 on January 06, 2015, 02:06:45 AM

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:59:32 AM

No, you pay $137.69 worth of BTC.

Example: if price is $1000, you pay 0.137BTC (or more if you like to

)

Else, you won't be able to pay if price hits say $1000 or above.

Ok, I confirm this from my side too... But sir, you said that if the price goes up, I will have a loss... How? As if it goes $1000 and I will pay BTC0.137, I will be in profit, but if the price goes down, I will bear the loss by paying higher amount in BTC... Am I right? If it's true, then I am ok with it, and I wish that BTC must remain stable as I am taking a big risk, as with you...

This is a fiat based loan. You should not bear any kind of loss no matter what because you are spending fiat to pay your bills and then will use fiat to buy bitcoin to repay watoshi

I am fairly bullish on bitcoin. I only made that offer since I thought it is beneficial to the OP. Well, I am confused now.

Will let OP choose what he want. I am more than fine with non fiat pegged loan. Cheesy

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

Quote from: gkv9 on January 06, 2015, 02:06:45 AM

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:59:32 AM

No, you pay $137.69 worth of BTC.

Example: if price is $1000, you pay 0.137BTC (or more if you like to

)

Else, you won't be able to pay if price hits say $1000 or above.

Ok, I confirm this from my side too... But sir, you said that if the price goes up, I will have a loss... How? As if it goes $1000 and I will pay BTC0.137, I will be in profit, but if the price goes down, I will bear the loss by paying higher amount in BTC... Am I right? If it's true, then I am ok with it, and I wish that BTC must remain stable as I am taking a big risk, as with you...

This is a fiat based loan. You should not bear any kind of loss no matter what because you are spending fiat to pay your bills and then will use fiat to buy bitcoin to repay watoshi

Watoshi-Dimobuto

hero member

Activity: 840

Merit: 524

Yes!

Quote from: gkv9 on January 06, 2015, 02:06:45 AM

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:59:32 AM

No, you pay $137.69 worth of BTC.

Example: if price is $1000, you pay 0.137BTC (or more if you like to

)

Else, you won't be able to pay if price hits say $1000 or above.

Ok, I confirm this from my side too... But sir, you said that if the price goes up, I will have a loss... How? As if it goes $1000 and I will pay BTC0.137, I will be in profit, but if the price goes down, I will bear the loss by paying higher amount in BTC... Am I right? If it's true, then I am ok with it, and I wish that BTC must remain stable as I am taking a big risk, as with you...

How are you buying BTC? by converting fiat, right? I thought it will be more helpful.

I am okay with paying 0.5BTC back. Please confirm so if you want that.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:59:32 AM

No, you pay $137.69 worth of BTC.

Example: if price is $1000, you pay 0.137BTC (or more if you like to

)

Else, you won't be able to pay if price hits say $1000 or above.

Ok, I confirm this from my side too... But sir, you said that if the price goes up, I will have a loss... How? As if it goes $1000 and I will pay BTC0.137, I will be in profit, but if the price goes down, I will bear the loss by paying higher amount in BTC... Am I right? If it's true, then I am ok with it, and I wish that BTC must remain stable as I am taking a big risk, as with you...

Watoshi-Dimobuto

hero member

Activity: 840

Merit: 524

Yes!

Quote from: gkv9 on January 06, 2015, 01:56:14 AM

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:49:28 AM

Accepted.

New terms.
Loan amount : 0.5BTC
Repayment in 30 days. Max.
Interest : 0%

Loan pegged to USD. If Bitcoin price goes down, I will make a loss. If it goes up, you will have a loss.

Loan amount is USD: $137.69 (the price I just bought at bitfinex ~275.39)

Repayment amount : BTC equivalent to $137.69.

Please confirm

Sir, you mean to say that whether the BTC price goes up or down, I will still need to repay BTC0.5 only?
I ain't getting this clarified, so can you please explain briefly? Sorry for this as I am confused... It would be great if you post it with an example...

No, you pay $137.69 worth of BTC.

Example: if price is $1000, you pay 0.137BTC (or more if you like to

)

Else, you won't be able to pay if price hits say $1000 or above.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:49:28 AM

Accepted.

New terms.
Loan amount : 0.5BTC
Repayment in 30 days. Max.
Interest : 0%

Loan pegged to USD. If Bitcoin price goes down, I will make a loss. If it goes up, you will have a loss.

Loan amount is USD: $137.69 (the price I just bought at bitfinex ~275.39)

Repayment amount : BTC equivalent to $137.69.

Please confirm

Sir, you mean to say that whether the BTC price goes up or down, I will still need to repay BTC0.5 only?
I ain't getting this clarified, so can you please explain briefly? Sorry for this as I am confused... It would be great if you post it with an example...

Watoshi-Dimobuto

hero member

Activity: 840

Merit: 524

Yes!

Quote from: gkv9 on January 05, 2015, 01:16:49 PM

Need: BTC0.5
Repayment: BTC0.65 (1% per day for 30 days = 30% interest in total) NOTE: I will repay based on the exact days, it means that if I repay before 30 days. it will be counted as mentioned before, i.e., 1% per day...
Purpose: Need to pay my bills in order to sort out my current problems that am facing.
Address: 13CZj5mHbrh3mAyjBZ3yCfKKeFUsfsrDC9
Collateral: None

Accepted.

New terms.
Loan amount : 0.5BTC
Repayment in 30 days. Max.
Interest : 0%

Loan pegged to USD. If Bitcoin price goes down, I will make a loss. If it goes up, you will have a loss.

Loan amount is USD: $137.69 (the price I just bought at bitfinex ~275.39)

Repayment amount : BTC equivalent to $137.69.

Please confirm

Watoshi-Dimobuto

hero member

Activity: 840

Merit: 524

Yes!

Quote from: gkv9 on January 06, 2015, 01:18:20 AM

Quote from: Vod on January 06, 2015, 01:07:43 AM

Quote from: gkv9 on January 06, 2015, 01:05:22 AM

I'm glad you posted in, Vod... It's that I will need to wait till 20th and I got a warning that I will get my electricity and gas cut if I won't be able to pay in the next 7 days...

What place do you live in that they will cut off your power and heat in the middle of winter when you can prove to them you will pay the debt in just a few days?

I am from India... I got warned by them even whilst am providing them with proofs that I will get paid for sure but need to wait till 20th, but it's like I'm already late a month over the 10 days allowed after the last date for payment, and that's why I am worried about them doing so, and they also ain't willing to wait 7 more days after the time duration that that allowed.

PM'd. Might help you.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Vod on January 06, 2015, 01:07:43 AM

Quote from: gkv9 on January 06, 2015, 01:05:22 AM

I'm glad you posted in, Vod... It's that I will need to wait till 20th and I got a warning that I will get my electricity and gas cut if I won't be able to pay in the next 7 days...

What place do you live in that they will cut off your power and heat in the middle of winter when you can prove to them you will pay the debt in just a few days?

I am from India... I got warned by them even whilst am providing them with proofs that I will get paid for sure but need to wait till 20th, but it's like I'm already late a month over the 10 days allowed after the last date for payment, and that's why I am worried about them doing so, and they also ain't willing to wait 7 more days after the time duration that that allowed.

Vod

legendary

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Licking my boob since 1970

Quote from: gkv9 on January 06, 2015, 01:05:22 AM

I'm glad you posted in, Vod... It's that I will need to wait till 20th and I got a warning that I will get my electricity and gas cut if I won't be able to pay in the next 7 days...

What place do you live in that they will cut off your power and heat in the middle of winter when you can prove to them you will pay the debt in just a few days?

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Vod on January 05, 2015, 09:16:45 PM

It's never a good idea to transfer debt from one person to another. Pay the bills when you get the money - the late fees will be less than the 15% interest you are offering. Undecided

I'm glad you posted in, Vod... It's that I will need to wait till 20th and I got a warning that I will get my electricity and gas cut if I won't be able to pay in the next 7 days... And that's why I said that it's urgent and agreed to pay this much %... I know this ain't a good way of paying for anything... But I thought I should try to manage the funds from anywhere... As said, late fees ain't the problem but the problem is their warning, and I can't bear with it, so need to get rid of this situation anyhow, and am trying my hands not just on BCT, but everywhere to get any help from anyone currently...

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: gkv9 on January 05, 2015, 01:44:19 PM

Dear, 35% of my bills were paid of with the reserve I had of previous month, and the remaining 65% need this much to get me out of my bad situation.

It's never a good idea to transfer debt from one person to another. Pay the bills when you get the money - the late fees will be less than the 15% interest you are offering. Undecided

gkv9

legendary

Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

Quote from: Anixs on January 05, 2015, 01:29:55 PM

Dude.. if $135.00 (0.5BTC) is what you need to payback all your bills, then you are doing better than 99% of us... Shocked

Dear, 35% of my bills were paid of with the reserve I had of previous month, and the remaining 65% need this much to get me out of my bad situation.

Quote from: Quickseller on January 05, 2015, 01:26:44 PM

I'm not saying that this is the case however sob stories generally are a sign of a scam.

I might check with your signature campaign operator to see if he is willing to advance you a portion of your signature payment.

I personally don't think your reputation is worth .5 (although it is a free market)

I know that my account ain't worth it... But yes, I need to pay anyhow is all I know, and if you this it's a scam, then it's completely your point of view and I respect that... However, I would like to say that I just don't have the time to prove myself that I ain't what you think, and time is what I don't have currently and time only is all it takes to get my sig. camp. earnings too... Else, I would have waited for a month more and didn't put a request here...

Look, I (in my personal opinion) feel that I am a respectful person of this community and had loans before too... But this time, it's bigger because I don't have any other means to manage that amount currently, and my salary will come on 20th, and till then I can't wait for the same, neither can ask for all of my sig camp earnings in advance... I have already said that partial funding is welcome too... As it's urgent and necessary. Sorry, if I repeated a few words as I'm completely frustrated and don't know exactly what to do, so posted in hope that I may get them here...

Anixs

full member

Activity: 149

Merit: 100

Quote from: gkv9 on January 05, 2015, 01:16:49 PM

that's what I need in order to payback all my bills, and so it's a 30 days long term loan... Below are the details:

Need: BTC0.5

Dude.. if $135.00 (0.5BTC) is what you need to payback all your bills, then you are doing better than 99% of us... Shocked

Quickseller

copper member

Activity: 2926

Merit: 2348

I'm not saying that this is the case however sob stories generally are a sign of a scam.

I might check with your signature campaign operator to see if he is willing to advance you a portion of your signature payment.

I personally don't think your reputation is worth .5 (although it is a free market)

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Hi, I'm gkv9... I don't want to mess around and let me get straight to the point... I have some real life problems occurred currently and I need an urgent loan as my salary is still due and I can't wait for my pending bills to be paid anymore... I know the amount may sound a bit high, but that's what I need in order to payback all my bills, and so it's a 30 days long term loan... Below are the details:

Need: BTC0.5
Repayment: BTC0.65 (1% per day for 30 days = 30% interest in total) NOTE: I will repay based on the exact days, it means that if I repay before 30 days. it will be counted as mentioned before, i.e., 1% per day...
Purpose: Need to pay my bills in order to sort out my current problems that am facing.
Address: 13CZj5mHbrh3mAyjBZ3yCfKKeFUsfsrDC9
Collateral: None... I know that there's a strict No Collateral, No loan policy... But trust me guys, I need this urgent to get out of this shitty situation I'm in just because of my company I'm working with...

I won't have any problem with partial funding, though will need this to be funded as quickly as possible...

Topic: 0.5 BTC Loan Request... More Details Inside... - page 3. (Read 4345 times)