BTCJAM | Bitcointalksearch.org

morantis

hero member

Activity: 868

Merit: 503

Quote from: squatz1 on February 18, 2016, 12:42:56 AM

Anyone have anything to say about investing with them? Any reviews that could help me out.

what happened when you read the official thread, that would be the responsible way to go about looking into the company, so i am sure that you did that first, anything interesting?

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: squatz1 on February 18, 2016, 12:42:56 AM

Anyone have anything to say about investing with them? Any reviews that could help me out.

Op, you probably didn't know but BTCJam has their own official thread on Bitcointalk. It is 78 page long, full of comments and information from people who invested money there.
I would advise you or anyone who want to start with BTCJam to read some of it.

You can find it here: https://bitcointalksearch.org/topic/ann-btcjam-peer-to-peer-bitcoin-lending-112447

Totalreturnfund

member

Activity: 112

Merit: 10

Hallo world!

I sugegst to put there (or on other lending site) no more than 5% of your asset.

iwasneverhere

sr. member

Activity: 588

Merit: 251

There is scamming on the site. Basically it works like this. People joing get verified and ask for very small loans and pay them back. They they earn trust and ask for a big loan and default on it. I would stick to small loans as of now.

InvestexMarkets

newbie

Activity: 28

Merit: 0

Agreed. Btc jam have good algorythms in place and you need to submit lots of info to get a loan.
I have had a few loans there it's a good place if your legit and are going to pay the money back.

Just remeber to read the small print. if you take a loan. and you default all those doc's and information you submitted can be passed to anyone who invested for legal recourse.

I would recomend them, My loans there were funded very quickley and they allow you to take loans in USD value which stops the volitility of bitcoin effecting what you payback.

+1 for BTCJam.

Orange Mango

member

Activity: 130

Merit: 10

Actually BTCJAM are quite strict. They need all your info. If someone was to steal from you it would mean they have committed a crime and btcjam has all their details and can report you for it. Anyone who scams people on BTCJAM is looking for trouble and playing with fire. Oh and stealing money from people on BTCJAM is not as easy as people make it sound.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

It's a fun, interactive and streamlined way to be raped with zero comebacks. What's not to like?

stiffbud

hero member

Activity: 980

Merit: 500

Avoid it if you can. The site is full of scammers and it's a no surprise if you will get a negative profit after quite sometime.
If you want to invest in lending I sugest you go to btcpop or bitbond. They have options for collateral and the administration does their best to secure any loan. Another way is to invet in the lending section in this forum. Always ask for a collateral if you are lending big amount of coins

iwasneverhere

sr. member

Activity: 588

Merit: 251

A lot of people have gone on to BTCJAM, gotten small loans, build a rep and then default on a bigger loan. This seems to be the MO as of now. I think you should find other forms of investment, please, just do not fall for a coin doubler/ponzi scheme.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001