Topic: 800 BTC loan request - 10% interest (Read 5193 times)

I appreciate your understanding and interest.   My next loan will definitely be considered a mundane purchase to most, but it is for something much more valuable and important.  It's nothing materialist or self serving, it's something for the greater good of all.

Regarding the old post you quoted, my plans and well being have evolved significantly. At the time I was hardly scraping by, now I have a house, land, a car, a fair amount of money and a much stronger plan.

Once that's accomplished, I'll come back here requesting an even bigger loan for some mundane purchase, coupled with providing further comic gold.


This is proof enough for me. I'm willing to invest 1/3 of what you desire, provided two other members on this forum also put up 1/3 each. It looks like you're going to get your bike, Dank. Drive safely!

~Cackling Bear~

What, no drunken riding!!  So your going to default and also not have any crazy stories to tell??  For shame!!

Now, have you narrowed down the brand of 600cc bike you'd like to buy??

Well, if you have nothing constructive to say and no loan to offer, I don't really know what the point is of posting.  I'm not atlas, I really don't know what to say to that.  If you've thought about investing but chose not to because [the risk is too high, he may be a scammer, he'll die on a motorcycle, etc.], you have allowed paranoia take a good opportunity from you.

And no, I'm not going to ride drunk.

Absolutely not. Haha. That's my 90cc "motorcycle", almost only by legal definition in MN law...   

I, at the chance of sounding lame, would not recommend a 600cc sportbike. Period. Too fast, too much maintenance, and the plastics. Fall once, and your bike's value goes down. Break any of it, and no one will buy it off you second-hand for any reasonable price.
If anything goes wrong with a smaller bike, like say, mine... I can dump an entirely new engine in there for about 200 bucks. Anything else breaks? Parts are available, easy.
And the bike is 39 years old...

Just my two bits, though I am aware that once you want a sport bike, you want a sport bike...
My lady wouldn't approve of my life expectancy after purchase, so I went a new route... (Arguably a more fun one, since people have pulled over to watch me go by before. )

Soon as i read 600 cc motorcycle I had to read the entire thread.

Ok so your looking for a $4000-5000 with gear.

I bet this means a Sportbike of some sorts.

Lets say you find a user sportbike for $4500 (New Sportbikes are 8k+ for 600's) . Just to be in the middle.. $500  in gear.. Helmet.. jacket.. gloves...

Your at $5000

Now who is going to maintain this bike? Service alone is going to cost you $75 an hour on the cheap side.

Ok.. so you say your going to find one that doesnt need any service.. fine.

You said you wont stunt or ride drunk.. Yeah right.. its a 600.. i have been riding for over 20 years.. believe me your going to try a wheelie atleast.. we all do. Dont fool yourself. BTW.. I ran a dealership for years. I heard this all the time from my customers and laughed.

Now.. who is going to pay for the insurance? Sportbike insurance is the highest for any vehicle out there. Lets not even get started about the age Ohh yeah a dealership wont ever talk about insurance for a Sportbike as you cannot roll the bike off the showroom floor without insurance..  (ok ok.. unless you pay cash)

My biggest question for you. Who is going to pay if the bike is dropped. Hey guess what.. it happens. Even the best riders go down. Gravel, oil, water, anti-freeze.

I just had fun reading this thread and wanted to respond Good luck with your loan and keep the rubber side down



 

Erm, this sure smells like atlas.

Every silly comment, response, self-godness, reeks of atlas.

The funniest comment where he will have tons of money in the future with no issue to repay but right now he cant afford $6000 for luxury items, thats a huge redflag and any investor must be suicidal.

Are you sure thats 600cc?

How about one like this? This one only cost me 180 BTC...

Why not get the bike with conventional financing.  Then use the extra money you have from the better milage to purchase bitcoin's (building rep).  Then lend the purchased BTC out, building even more rep!!  Oh and post pics of the bike once you get it!!

Yes, I already addressed that my goal is not to save money.  My goal is to a) get a 600cc bike and b) further prove that I'm a reliable investment.

This quote sums this entire thread up fairly nicely:

You might have better luck asking for the funds to get a 50cc chinese scooter. If your goal is to save money, those things get 70-100MPG, and are great for driving around town. Obviously if you need to get on the highway super often (commuting or such) that's not an option, as they have a top speed of ~45mph. In my state you don't have to register or insure anything under 50ccs, so mine was a great way to save money.

Just sayin', asking for a large sum at low interest to buy something many see as dangerous (and won't get AMAZING gas mileage anyway) doesn't make too much sense for the investor.

Doh!!  Its gonna take awhile to get this one funded at that rate!

0 btc for this.

How much do you have so far?

The next one will be better if I can get a loan for this already.

Hit the nail on the head.  I also really enjoy reading your threads - always good for a belly laugh.  Keep up the good work!

What relevance does that have to do with the thread?

Nothing is comical about a bike that will do 230 mph..

Quite the comedian aren't we?

Dude a ZX-14 won't slow you down!!

Nothing can stop me from reaching my goals, things can only slow me down.

Fixed That For You

Yeah, when I actually get to where I want to be I wouldn't mind giving back a few hundred/thousand dollars to show appreciation.

Well with karma on your side, how can you go wrong!!

Sometimes, you just know things.  Not a chance of me dying from cancer either.

There's more than what meets the eye, karma will further repay those who supported me, down the road.

One of the best investments? I can think of several bitcoin investments that are better than loaning to any member on the forums.

How do you know? Do you have ESPN or something?

That's not my fate, I can already tell.  But if it were to happen, I would have someone else take care of the funds.  Thank you.

Which is ironic, because to me, I'm probably one of the best investments somebody can make.

This seems like a very high-risk investment to me.

I nearly spit out my drink, thanks asshat 

Those were only plans that have since been replaced by better ideas.  I was calling for $5 mil to operate that, and while it would work, it's too frivolous of me and just not really what I want to do. $1 mil would allow me to create a more sustainable and realistic venture in a different, more vital market.

Why stop at 600cc then..  Heck get a ZX-14!!!

if you need money why dont you just take it out of the structure/limo/web hosting company(s) ??

Not as powerful as 1000cc, eh?

jwz, what do you think 90% of loans are for?  Your remarks mean nothing when I have demonstrated nothing but fiscal responsibility on these forums.

This is nothing compared to what I'm going to ask for next, and I figure this could provide me some additional credibility.

600cc, that sounds awful powerful.. Are you sure you can handle it?

Oh, I didn't realize this loan was just to support your whims. Why shoot so low? Ask for enough to buy a new Ducati.

You are so clearly the picture of fiscal responsibility, I can't imagine why no one has jumped on this amazing low-risk opportunity yet. 

Not exactly sure what that means.

I already have a car and no, I'm not buying a civic.  Saving gas isn't my goal, it's just a random statistic I provided for anyone who doubts I will be able to pay it back.

Saving money isn't my goal either.  I want a 600cc bike so I can have a 600cc bike, 250cc just won't cut it after a few weeks.

dank has always been the atlas of the lending forum

You can get a reliable 250cc bike for MUCH cheaper than $4000. If saving money is truly your goal, your break-even will be much lower and your mpg will be much higher.

Still, without even providing ID, I can't imagine why anyone would lend you enough to buy anything. Of course, I'm always surprised when I see people lending to begin with. Good luck.

Why not get a cheapie used Honda civic?

That gets like 50 MPG, bout the same MPG as a motorcycle, cheaper, and you don't get rained on..

I enjoy my privacy, something not valued these days.  Y'all really are too pessimistic, I need you guys for future loans and I wouldn't scam someone for a motorcycle when I can do much more playing fair.  Together, we will do great things.

Why don't you do this, Mr. Millionaire?

I doubled the interest rate, 10% per month.

Aye.  December 21 is bearing down upon us!!

I don't want to wait, there isn't much time left.  I just want a bike around the 4000-5000 USD range plus gear.

You should be able to provide ID's and preferably notarized stuff before I would even think about investing ...

-you must drive a lot and/or have a gas hog to be able to save a couple hundred per month on gas alone
-1/4000 are not very good odds. (I know)
-If you can pay it back in 4-6months why cant you wait 4-6 months to make the investment yourself and not worry about owing any interest. Youll be paying so much in interest that saving money on gas will be a moot point.
-What is the exact bike you wish to purchase? I think you should provide such information before asking for a loan. how do you know how much money you need when you dont even know what your buying.

you should stop when your ahead.

Thank you.

You always have the most entertaining loan threads.

Correct.  I'm going to be an aspiring guitarist in time to come.

Much much more:

I will have much more capital in the months to come, it's the initial investments that I need.

But in another post, you said that there was a "lack of capital"...

How can you handle it if there is a lack of capital?

Reference:

Doubling won't be a problem.  As long as it doesn't raise 1000%, I think I can handle it.

Not completely sure yet.

Make, model, year?

Assuming we fix it to BTC, and the exchange rate doubles, what will you do to get ahold of the funds required?

We can fix it to USD if you wish but I have no issue either way.

My motives are stronger than they were then, I am only restrained by lack of capital.  I'm trying to tell you I'm a good investment without scaring you into questioning yourself.

Sometimes you just have to have a little faith.

This is a request for a BTC loan?

What if the BTC/USD exchange rate doubles?

Why not? How can we know your motives are the same now as they were then? 1200 BTC is a lot of money for a total of 5 days, 23 hours and 21 minutes of time spent on an internet forum.

I'm trying to make a name for myself and would not ruin my opportunity for future loans. I understand it's good to be skeptical in this line of business but I would not be active on these forums for nearly a year if my intent was to scam anybody.

80 BTC to a 1200 BTC loan is still a big leap. I doubt most people will loan to you if you don't tell them about the details of the motorcycle.

I will have more than enough to repay the loan within the next 2-8 months.  I'm not interested in dealing with financial institutions and would prefer not to disclose information regarding the title.  I'm not 100% on which bike yet.  The way I see it, worst case scenario, I'll have to sell the bike because I do not have enough to pay back, which I don't see happening.

From what I've seen here, best you might get is 8% per month. Have you structured a payment plan? Have you tried a bank? Will the title of the vehicle be held as collateral? Make/Model/Year/Mileage?

You're right, I adjusted it down to 8 months at 5% monthly.

10% / 2 months = 5%/month
15% / 3 months = 5%/month
20% / 4 months = 5%/month
25% / 5 months = 5%/month
30% / 6 months = 5%/month
35% / 8 months = 4.375%/month
40% / 10 months = 4%/month

Kinda backwards.

Over all 10 months.

To clarify, the 10 months - 40% is 40% over all 10 months or is it 40% per month?

Hello my fellow lenders, I have sold $300 worth of Amazon gift cards to members of this forum without issue.  I've provided custom graphic design services to a few members on this forum.  My previous track record looks something like this:

Multiple 10 BTC loans from senbonzakura.
10 BTC loan from nebulus.
28 BTC loan from Tril.
78 BTC loan from Tril.
80 BTC loan from znort.

This loan is for a motorcycle, the amount of money I'll save on gas alone will amount to a couple hundred per month.  I'm not buying a motorcycle to perform stunts on or to ride drunk, so the chance of me dying before the loan's paid off is probably about 1/4000.  I'll still make sure you get your money, even if I'm dead.  My goal is to pay it back within 4 months but I don't see it taking more than 6.

1200 BTC loan - 10% monthly interest - 8 months max

If you'd prefer we can setup a monthly payment plan.

400 BTC pending by Phinnaeus Gage
800 BTC remaining

Thanks for your continued support and business.