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Topic: 4 BTC loan (Read 2472 times)

legendary
Activity: 1288
Merit: 1225
Away on an extended break
April 05, 2013, 12:05:56 PM
#41
I'd suggeyou to buy the remaining sum directly.
newbie
Activity: 14
Merit: 0
April 05, 2013, 12:01:50 PM
#40
getting a loan is hard, working in the services section is also proving difficult. i'm being asked to kidnap the presidents daughter. kinda funny and crazy.
newbie
Activity: 14
Merit: 0
April 05, 2013, 07:53:26 AM
#39
How about offering your skills in the services section of this forum?
i could still make do if i got the remaining 50%. will check the services section. Thanks
vip
Activity: 1302
Merit: 1042
👻
April 05, 2013, 07:22:49 AM
#38
How about offering your skills in the services section of this forum?
newbie
Activity: 14
Merit: 0
April 05, 2013, 04:56:53 AM
#37
Thanks everyone for your suggestions, criticism and opinions. i've been able to secure 50% of the loan i needed. will make do with that. i know you guys here have seen all kind of scams and fraudulent request. i also know all your comments and replies are just to protect the forum and get rid of bad eggs. keep up the good work. thanks
newbie
Activity: 14
Merit: 0
April 05, 2013, 04:41:43 AM
#36
"Hi.  I'm a stranger on the Internet and I need your money.  I plan on burning your money on auctions.  However, I will magically find the money to pay you back, despite being unable to afford the things I want today."

What a sound business plan!

i'm ready to provide any necessary documentations and verifications required.

You can begin by revealing where you're from and why they don't teach capitalization there.
with all due respect, no one is perfect. you can talk down on me all you want. two things i know, i'm not forcing anybody here to loan me 4btc and i'm not a scammer. its a forum and everybody is free to comment and suggest.
legendary
Activity: 1078
Merit: 1003
April 04, 2013, 03:25:35 PM
#35
"Hi.  I'm a stranger on the Internet and I need your money.  I plan on burning your money on auctions.  However, I will magically find the money to pay you back, despite being unable to afford the things I want today."

What a sound business plan!

i'm ready to provide any necessary documentations and verifications required.

You can begin by revealing where you're from and why they don't teach capitalization there.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
April 04, 2013, 03:23:31 PM
#34
Basically, bitcoin loans are a bad idea.

The old me is tempted to go on to ever known 409 scammer forum and say "come to bitcointalk for free money! these suckers are easy!" just to create in influx of scammers so large that the entire community would be *forced* to treat bitcoin like what it is--- GOLD.
legendary
Activity: 966
Merit: 1004
Keep it real
April 04, 2013, 03:21:19 PM
#33
@OP

The newbie section isn't for loan requests.  You posting in there makes me think you're a scammer, will be watching just in case.
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
April 04, 2013, 03:12:29 PM
#32
you are right. but let me ask, do you loan out coins based on collateral or just pure instincts?
I'm a science guy, so math means a lot more to me than gut feelings. I would loan money if I had secured collateral greater than the value of the loan. This is tricky to do in practice, but imagine Bob wants a 4BTC loan from me. We are able to meet in person and he gives me a gold ring as collateral. I then loan him the value of the ring, perhaps it's 5BTC. I have to loan him a bit more so that he can be assured that I don't run off with the ring.  however, I would only charge the agreed interest on the 4BTC.

Upon successful payment of the principal and interest the ring is returned and everyone is happy.

Any bitcoin loan does have one additional, unique factor. What if Bob borrows the bitcoins intending to buy some later to pay his loan and the price skyrockets? If he had made a 30 day loan last month for 1 bitcoin. That one coin cost $45 when the loan was made, but he must spend $130 today just to pay the principal. What an awful deal for him! He would be better with a payday loan or even a mafia loan-shark.

Basically, bitcoin loans are a bad idea.
newbie
Activity: 29
Merit: 0
April 04, 2013, 03:01:54 PM
#31
lmao, this guy is a riot.
sr. member
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
April 04, 2013, 02:59:34 PM
#30
i know i just pushed the ignor putton ABANDONPOST!!!!!!!!!!!!! get a job and then you will have some money that you can buy bitcoins with.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
April 04, 2013, 02:51:40 PM
#29
I feel like no one is going to loan a newbie 4 BTC. Just my 2 cents
with all the comments and suggestion, there is no hope of a loan for a newbie. from my understanding, there is a high risk of fraud and no guarantee of repayment. its kinda logical, if one gets scammed the first time, it will be hard to give out a loan even if the you are genuine.
That's about it. It is no different than a guy on the street asking for $500 with only a promise that he will meet you on the street a week from now. Would you do that?
you are right. but let me ask, do you loan out coins based on collateral or just pure instincts?

When someone presents a business plan for example, other businessmen can see that plan and know if it will likely work or not. If it will work and the agree with the risks, they are likely to provide investment capital because the idea will probably make money and the person borrowing would be stupid not to just keep making money legitimately (unless they're a professional scammer who does this for a living).

Personal loans however are a bit trickier, because you're asking someone to believe in the value and potential of the *person*. When you don't know that person, it's impossible to say and you might as well be playing SatoshiDice. Why don't you provide a product or service for money instead?
newbie
Activity: 14
Merit: 0
April 04, 2013, 02:01:55 PM
#28
I feel like no one is going to loan a newbie 4 BTC. Just my 2 cents
with all the comments and suggestion, there is no hope of a loan for a newbie. from my understanding, there is a high risk of fraud and no guarantee of repayment. its kinda logical, if one gets scammed the first time, it will be hard to give out a loan even if the you are genuine.
That's about it. It is no different than a guy on the street asking for $500 with only a promise that he will meet you on the street a week from now. Would you do that?
you are right. but let me ask, do you loan out coins based on collateral or just pure instincts?
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
April 04, 2013, 01:58:13 PM
#27
I feel like no one is going to loan a newbie 4 BTC. Just my 2 cents
with all the comments and suggestion, there is no hope of a loan for a newbie. from my understanding, there is a high risk of fraud and no guarantee of repayment. its kinda logical, if one gets scammed the first time, it will be hard to give out a loan even if the you are genuine.
That's about it. It is no different than a guy on the street asking for $500 with only a promise that he will meet you on the street a week from now. Would you do that?
newbie
Activity: 14
Merit: 0
April 04, 2013, 01:55:39 PM
#26
I feel like no one is going to loan a newbie 4 BTC. Just my 2 cents
with all the comments and suggestion, there is no hope of a loan for a newbie. from my understanding, there is a high risk of fraud and no guarantee of repayment. its kinda logical, if one gets scammed the first time, it will be hard to give out a loan even if the you are genuine.
newbie
Activity: 5
Merit: 0
April 04, 2013, 01:50:08 PM
#25
I feel like no one is going to loan a newbie 4 BTC. Just my 2 cents
newbie
Activity: 14
Merit: 0
April 04, 2013, 01:04:39 PM
#24
There is no way someone can garuntee he will receive his money back.
I couldn't agree with you more. truth be told. if i had a collateral i wont withhold it.
newbie
Activity: 14
Merit: 0
April 04, 2013, 12:59:28 PM
#23
collateral
sorry pal. you asked for 1btc collateral. if i had 1btc i wont post a loan for 4btc. i know it cant be verified, but i just have
0.0040911 BTC in my blockchain account and 0.0125 btc in my instawallet account. but unfortunately instawallet in down.
newbie
Activity: 10
Merit: 0
April 04, 2013, 12:43:28 PM
#22
collateral
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