Topic: 0.5 BTC Loan Request... More Details Inside... (Read 4355 times)

Hey, neither did I try to boast or bark on anyone out there nor did I ever try to satisfy my ego anywhere here... I just meant to say that some people should be given a chance, and I second you on being lucky in my case, but still I had faith that I will be able to repay and that's why I even asked to extend, else even if I wouldn't have been able to repay him, as Watoshi if I didn't ask him to give me negative feedback... I was being so honest and will always be, and yes, I am feeling very happy to make you feel proud due to my repayment...

Yes, i am from India too. A vast majority of Indians are branded scammers and with good reason too. I cannot believe that some indian dude scammed me off 0.01 BTC. That is the height of idiocracy! I am not putting down Indians, i am just calling a spade a spade. While its good that OP has paid back, i am merely pointing out the fact that he should not be boasting and brushing people off just because he paid back your loan.

You were kind enough to loan him in this case, i would not have loaned him as i still see him as a potential risk. However, feels good to see a fellow Indian actually paying back someone and NOT sullying the name of the country even more than it has been already 

No Sir, I haven't sent you any other transactions rather than the above two mentioned...
Anyways, I will send some more as interest after I get out from a coin I invested in before, and I might send you some good amount maybe today...

Totally disagreed!
How can you say that? They are very trustworthy. People are of diverse kinds, you cannot tag a whole country with millions of people like that.

I have a few Indian friends and I know.

I have been scammed by Americans, Europeans, Asians and even Africans...


P.S. Okay, you are from India. Kind of explains things...
P.P.S. I mean micky123

Confirmed, received.

Did you make any other payment other than these two? :



Never mind. The deal is settled. Thank you for paying the loan back

You proved that you are honest and trustworthy. Will add you the trust feedback you truly deserve

Nice to see that you have paid your debt!

The comment below though, has prompted me to reply to your thread on here.
Sure you may be the most honest person on this forum or indeed, the whole world but you cannot throw a blanket statement that we should trust you. How should someone be trusted given the number of scams that are perpetrated on these forums every day? You just need to take a look at the scam accusations boards to see how many dishonest people are on these boards. Its not easy to trust someone on here that easily and least of all, a person who needs a loan to pay his monthly commitments. Agreed that you had a bad job or whatever, and the lack of income is frustrating as it would be for anyone in your position. Probably put yourself in the shoes of a potential lender and think, would you loan someone in your position - No trust score to boast of, no proper income and no collateral? I guess not! I know i wouldn't wanna loan someone in that position. It would be very easy to just take the funds and run, which to your credit, you haven't done.

Another side of the coin is that Indians are generally considered to be scammers and i have been scammed by Indians a few times, some people even work on long term scams (which is payback smaller loans, then ask for 1 big loan and disappear).

While you are lucky that you got a good lender, its not good to put down others to stoke your own ego. My 2 satoshi

@Watoshi-Dimobuto,
Dear Sir, I have sent you BTC0.182 which I received in this week's signature campaign earnings, I think I have repaid in full based on current BTC rates, but still I need your confirmation...
Still, I will try to send you some more as an interest to reward you for your honesty and patience...

https://blockchain.info/tx/a488b4ff06e95013ae65a8bf268d1c665fd69590ac2c7df48ced4a53677426ce

Thanks a lot one more time...

And to people who think that some strangers must not be trusted,
"You guys better be off from people like me, as I am a very honest person and never interested in scamming anyone..."

"Try to trust someone, it feels a lot better..."

I didn't get too much from my sig camp as I don't post too much, never try to spam, always try to comment wherever I feel it's needed... And yes, my previous month's payment has already been sent to Watoshi as half-repayment, and the remaining might be sent tomorrow or a week later depending on what I might receive through my sig camp earnings...

One more thing, I am jobless currently as the company I talked about, didn't pay me yet and I can't even file a case against them as I don't have funds currently also, the same situation as before...

My dad was also having a job and I always contributed my home expenses with my BTC, but due to my wrong decisions and my dad being jobless too due to some reasons, I am stuck, but I think and hope that I might get out of it now as I am trying hard to...

ah, okay, you were asking for a loan to repay bills, however paying each bill also forces you to look at you budget/bank account regularly, which allows you to shuffle things around if a need be which would help you to exactly know whether you under budgeted or have less than enough money to pay on due date and correct it or account for the next month expenses, but honestly it seems to me that money from your signature is your regular cycle between paydays it's two months passed, c'mon now

As you used the word "investing", I would like to clarify you that I didn't take this loan to "invest" somewhere, as I changed them to fiat the next hour I received it, as I already mentioned I was in some serious problems, and I am still stuck, but that doesn't mean I won't repay. As I have said earlier, "I won't ruin my reputation at any cost, and not for a loan at least..."

Giving tax-free loans to strangers and accepting extended repayment especially when their signature company's fund address has public level of accessibility?   Seems like lucky borrower got a government subsidy for investing

You are truly a great guy, I am highly obliged I am a part of this forum and Bitcoin world...  

No, lol. I am not leaving because of you or anything! I have other priorities in my real life and it is a crucial time for me.

I am glad I at least made you smile a bit... Anyways, second installment will be sent to you very soon, just need a week or two, and also send some more interest as an appreciation for your goodness.

And please, don't leave us, please. I don't want you to leave due to me or I won't be able to forgive myself .

Thank you received the first installment.

Sir, thanks a lot... You are a lifesaver...
Thank you very much, I owe you guys my life and will never forget all you people's help...

And to those who think I ain't gonna repay, I AIN'T A SCAMMER...

I have sent you gkv9's signature earnings from last month.

https://blockchain.info/tx/0439410caa61e44c4d65b556c4fa9b3278eb159bb765c1285f93b0f02a9c16d4

He now owes you a remaining 0.4858 - 0.2768 so 0.209BTC.

Yes I know, and I didn't get it as I asked him to possess my BTC0.2768 payment himself, but I have now asked him to send them to you to atleast make me able to repay you half of the total... And sorry for this delay, I was going to make some good amount of non-spam posts yesterday and today, but a storm came in my state and due to it, all the wires were cut due to which I was out of both electricity and internet, else I would have managed to repay you and one of my friends at least...

Please don't leave the crypto-world, I will manage anyhow and will beg my campaign holder to repay that amount to you on my behalf currently... But please don't leave due to me... I ain't a scammer, please let me prove that...

I have asked him to send those funds directly to you, and waiting for his answer, also gave this thread's address to him for him to be able to check your address himself and send the funds to you...  

I will always repent for these times that I am seeing due to my own mistake and due to which everyone's suffering...

Loan repayment due.

I think you also received around 0.25BTC from the signature campaign.

There were some reasons behind it which were discussed in PMs and that's why, we don't want to make it public... If I wouldn't have let Watoshi knew what's the problem, why he would have allowed the extension? Don't worry, I will repay him, it ain't a fake promise, just need some more time...

He earned .189 BTC last month from his signature campaign. Why were these funds not applied towards the amount due?

Extension granted till 1st of March

Extension has been granted till 11th of February as requested.

Guys, just chill... I know that I haven't repaid yet, but the last date is 6th Feb if you can read the first page... The only thing I wish to clarify here is, my funds are stucked somewhere due to which I ain't able to repay him currently, but that doesn't mean that I won't... I am going to repay him and prove myself for sure, but the only thing is that, let me get out of this situation, and just don't fear me about any neg trust thing, because I won't get bothered even if I get neutral trust from Watoshi even after repaying him... Just believe, I ain't gonna go anywhere, and I won't be letting anyone ruin my reputation for a loan...

?

Yea you thought that you helped someone, however the risk is still there on your end. It is a tremendous risk for you. Not only that but the sticky in this section says that any sob story is likely going to be a way for a scammer to get you to send him funds. The 0% interest rate certainly does not help you manage that risk, however the fact that it was a USD pegged loan means that you will end up with more bitcoin assuming he does decide to repay you

I know it is risky, but he looked like he needed it.



At least, I helped someone?
that is why I charge 0% interest to certain loans.

I am not sure why you thought that he is going to repay this. Not only is it a bad idea to transfer debt from one entity to another (as Vod mentioned above), but his reputation is not worth the amount of the loan, and you allowed him to receive payment from his signature campaign prior to the loan becoming due causing him to have the ability to extract money from his signature campaign prior to the likely negative trust he will receive when he does not repay you

Hi, repayment is almost due.

SInce price went down, you only have to pay 0.5BTC.

Right. everything is clarified. it is what I meant. No one makes a loss. Thanks
lol, you don't have to be so kind. Just the loan amount is quite enough

bye

Repayment amount : BTC equivalent to $137.69 is what I agreed at.
Also, I can now clarify what I meant to say...

If I get 0.28 from the sig camp and the price will be at $250, then that 0.28 will be worth $70, and so the remaining part is $67.69 (~$68) which will be worth BTC0.272 which I will buy in fiat to pay you in full, so you will get 0.552 if the price of BTC will be at $250.

In opposite case, if the price will be up to (let's suppose) $400, and I get 0.28 which will be worth $112, the remaining part in fiat, i.e., $25.69 (~$26) which will be worth BTC0.065 will be bought by me to pay you in full, so you will get 0.345 if the price of BTC will be at $400.

Also, don't worry about the fairness, I will be very true and fair with you based on the fiat and price of BTC at the time of repaying you, and will also pay you more than what you bought it for... Trust me, I am your friend...

Also let me know if my above statements clarified you everything or not? Thanks...

Well, that is not what I meant exactly . Either my English is bad, or yours is bad. Never mind.

I got to go now. and don't forget to repay the loan. bye.

Ok, I get it... You mean I need to repay BTC equivalent to the amount you purchased at, right? And don't worry... I will send you higher than your fiat, as I won't only paying you with my sig camp only, but also through my salary that will come on 20th...

No, I had thought you need a USD pegged loan because you had to buy it. Now I get that part of the repayment amount will come from the signature campaign.
So I was asking you that, at the time of repayment, can you decide an honest amount for so that both of us won't make a profit or loss.

Edit: that is is other words, pay what you think is fair after taking into account the price.
Like if you get 0.25 from campaign and price is at $10000, you can pay : 0.25 BTC + ~$65 worth of btc . You get the idea?

You are welcome. 

You mean you want BTC0.2 back to be sent by me now?

EDIT: I will get BTC0.28 and not BTC0.2, as I am confident I will be in the top 10 posters and will get a BTC0.1 bonus, but after 28 days, that's why I took this loan dear...

Dear Watoshi,
Thanks a lot, man... I am seriously glad and speechless... I will be highly obliged, grateful and indebted to you till the last breath of my life man... I am gonna clear all my bills today and will repay you as soon as I get my payment... Also, just for you, I will again ask my sig camp's manager to pay me some in advance for me to have them secured and included on the other hand for you, with the fiat which will be used by me through my earnings to buy the remaining BTC...   I am speechless, really... Thanks a lot again...

  I can't say it in words, but feeling great and crying with tears of joy... Thanks a lot dear...  

Well, I get your point. If you are paying me with the signature campaign's earnings, that will be around say 0.2. I see.

In that case, can you be honest, and pay such an amount as that will cause no loss to me or you?

Done.

txid : 3faaaff1227bc9cf1c63e660efec9035f5962fc60b985018945adebd7c5e15b3

Repay to 16kLvpNUxncRWvAitL5rU6p6EQL5QmMxtP only in 30 days. 6 February 2015.

Please confirm.

Well, as I said before, I am ok with it, although I was a bit confused about your profit and loss explanation, but now I got it...

And I am glad seriously as finally can get all me bills cleared today so that my family won't see such a day, I thought would have come...

I hereby confirm that I am taking this loan on a "pegged to fiat" basis and will repay based on the same...

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.

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

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.

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...

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.

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...

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

PM'd. Might help you.

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.

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'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...

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.   

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.



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...

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

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)

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...