Boelens and Bitcoininformation's micro-(ish)loans. - page 9.

Boelens

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Merit: 500

Quote from: Neel_Sarwal on September 30, 2013, 07:42:14 PM

Quote from: Boelens on September 30, 2013, 07:35:44 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:34:15 PM

Quote from: Boelens on September 30, 2013, 07:29:02 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:27:11 PM

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Do you have any collateral? Also, if your investment fails, in example the shares you've bought collapse and you got nothing left, how would you re-pay? Do you know how to properly invest?

Yes I Have ALOT of investing experience. I have about .07 BTC Extra (gift from friend) so i can pay you back.

Can you show proof of ownership of those 0.07?

Gift from a friend.... Which means if I DEFAULT my friend will give me the funds required to pay you with interest.
Thanks, Neel

You defaulting would include you not re-paying the loan and running off with the money, there's no insurance you'd give those funds. Why can't you use the 0.07 to invest?

Neel_Sarwal

newbie

Activity: 31

Merit: 0

Quote from: Boelens on September 30, 2013, 07:35:44 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:34:15 PM

Quote from: Boelens on September 30, 2013, 07:29:02 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:27:11 PM

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Do you have any collateral? Also, if your investment fails, in example the shares you've bought collapse and you got nothing left, how would you re-pay? Do you know how to properly invest?

Yes I Have ALOT of investing experience. I have about .07 BTC Extra (gift from friend) so i can pay you back.

Can you show proof of ownership of those 0.07?

Gift from a friend.... Which means if I DEFAULT my friend will give me the funds required to pay you with interest.
Thanks, Neel

Boelens

hero member

Activity: 672

Merit: 500

Quote from: Neel_Sarwal on September 30, 2013, 07:34:15 PM

Quote from: Boelens on September 30, 2013, 07:29:02 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:27:11 PM

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Do you have any collateral? Also, if your investment fails, in example the shares you've bought collapse and you got nothing left, how would you re-pay? Do you know how to properly invest?

Yes I Have ALOT of investing experience. I have about .07 BTC Extra (gift from friend) so i can pay you back.

Can you show proof of ownership of those 0.07?

Neel_Sarwal

newbie

Activity: 31

Merit: 0

Quote from: Boelens on September 30, 2013, 07:29:02 PM

Quote from: Neel_Sarwal on September 30, 2013, 07:27:11 PM

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Do you have any collateral? Also, if your investment fails, in example the shares you've bought collapse and you got nothing left, how would you re-pay? Do you know how to properly invest?

Yes I Have ALOT of investing experience. I have about .07 BTC Extra (gift from friend) so i can pay you back.

Boelens

hero member

Activity: 672

Merit: 500

Quote from: Neel_Sarwal on September 30, 2013, 07:27:11 PM

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Do you have any collateral? Also, if your investment fails, in example the shares you've bought collapse and you got nothing left, how would you re-pay? Do you know how to properly invest?

Neel_Sarwal

newbie

Activity: 31

Merit: 0

Hey Boelens,

Loan Details:
Repayment Date: Oct 10
Amount Requested: .025 BTC - .05 BTC
Reason: I am an extremely good investor and need more BTC to invest in things
Interest 25% - 33%

Thanks, Neel Sarwal

(Please Reply ASAP)

Mitchell

copper member

Activity: 3948

Merit: 2201

Verified awesomeness ✔

Quote from: DiamondCardz on September 30, 2013, 04:25:00 PM

Quote from: Boelens on July 02, 2013, 10:00:31 AM

The original thread text? You didn't at least change it to something more professional? Wink

~~Please remove that enormous picture, it's not needed in the thread and makes the page unnecessary longer~~ And yes, we could change that.
EDIT: Thanks dude!

DiamondCardz

legendary

Activity: 1134

Merit: 1112

Quote from: Boelens on July 02, 2013, 10:00:31 AM

snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity snippity

The original thread text? You didn't at least change it to something more professional? Wink

Mitchell

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Merit: 2201

Verified awesomeness ✔

So, we improved our first post. Looks a lot better now.

Mitchell

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Merit: 2201

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Quote from: manoamano on September 30, 2013, 09:28:50 AM

No, I don't want to sell the KGC

That is not what I meant. I won't sell the KGC to give you the loan. I will only sell it when their value is below the amount you loaned.

manoamano

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Merit: 100

No, I don't want to sell the KGC

Mitchell

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Quote from: manoamano on September 30, 2013, 09:16:53 AM

Quote from: Mitchell on September 30, 2013, 07:37:42 AM

Quote from: manoamano on September 30, 2013, 04:16:03 AM

Ok, I have 40k KGC and I need 0.1 btc for 3 days (pay back 0.11).

I (BitCoinInformation) am willing to do this loan with the following terms:
- You send the KGC to my Cryptsy account.
- I will then send you the 0.1BTC to your address.
- If the worth of KGC drops to almost 0.1BTC (for example 0.105BTC), I will sell them to ensure the correct worth of the collateral. This means that the loan fails and that you do not have to repay (because I already got the worth of the loan back by selling KGC).
- If this doesn't happen then I will just send your KGC back as soon as I receive the repayment.

Do you agree with these terms? If you do, then please include this post to prevent changes to the terms.

What do you mean?
I do not want you to sell the KGC ....

I mean, if the total worth of your 40k KGC drops below or gets very near the loaned amount, I will have to sell it. That way I can ensure that I do not lose the amount I loaned if something goes wrong.

manoamano

full member

Activity: 182

Merit: 100

Quote from: Mitchell on September 30, 2013, 07:37:42 AM

Quote from: manoamano on September 30, 2013, 04:16:03 AM

Ok, I have 40k KGC and I need 0.1 btc for 3 days (pay back 0.11).

I (BitCoinInformation) am willing to do this loan with the following terms:
- You send the KGC to my Cryptsy account.
- I will then send you the 0.1BTC to your address.
- If the worth of KGC drops to almost 0.1BTC (for example 0.105BTC), I will sell them to ensure the correct worth of the collateral. This means that the loan fails and that you do not have to repay (because I already got the worth of the loan back by selling KGC).
- If this doesn't happen then I will just send your KGC back as soon as I receive the repayment.

Do you agree with these terms? If you do, then please include this post to prevent changes to the terms.

What do you mean?
I do not want you to sell the KGC ....

Mitchell

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Quote from: n00ber on September 30, 2013, 04:16:32 AM

Do you also accept ripple xrp as collateral?

No, sorry.

Mitchell

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Quote from: manoamano on September 30, 2013, 04:16:03 AM

Ok, I have 40k KGC and I need 0.1 btc for 3 days (pay back 0.11).

I (BitCoinInformation) am willing to do this loan with the following terms:
- You send the KGC to my Cryptsy account.
- I will then send you the 0.1BTC to your address.
- If the worth of KGC drops to almost 0.1BTC (for example 0.105BTC), I will sell them to ensure the correct worth of the collateral. This means that the loan fails and that you do not have to repay (because I already got the worth of the loan back by selling KGC).
- If this doesn't happen then I will just send your KGC back as soon as I receive the repayment.

Do you agree with these terms? If you do, then please include this post to prevent changes to the terms.

n00ber

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Do you also accept ripple xrp as collateral?

manoamano

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Activity: 182

Merit: 100

Ok, I have 40k KGC and I need 0.1 btc for 3 days (pay back 0.11).

Mitchell

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Activity: 3948

Merit: 2201

Verified awesomeness ✔

Quote from: manoamano on September 30, 2013, 04:03:06 AM

Quote from: Vod on September 30, 2013, 04:02:19 AM

Quote from: Mitchell on September 30, 2013, 04:00:46 AM

We would first have to know what KGC is.

If you have to ask, it's probably not worth much.

That's my reasoning anyway - I have no idea what KGC is.

It is an altcoin. You can check the price here:
https://www.cryptsy.com/

Hmm 334 satoshis at the moment. I do have a Cryptsy account so I could hold it.
Anyway, Boelens isn't online atm. As soon as he gets online I will talk with him about this.

manoamano

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Activity: 182

Merit: 100