Thanks again to every single investor, large or small, I appreciate your trust and I will hope to repay it some day (in addition to this loan, or course!)
Off to the
Topic: [BTCJAM] COMPLETE - 48 BTC Long Term Reinvestment Loan - 97% Funded! (Read 1214 times)
January 29, 2013, 03:38:24 PM
And jibinkor is the last one in.
Thanks again to every single investor, large or small, I appreciate your trust and I will hope to repay it some day (in addition to this loan, or course!)
Off to theraces markets!
Thanks again to every single investor, large or small, I appreciate your trust and I will hope to repay it some day (in addition to this loan, or course!)
Off to the
January 29, 2013, 12:09:57 PM
Almost there!
Thanks og2k, Simplyfun, and rkjnsn!
I'll close it out and make my first payment as soon as it's fully funded, or 3PM EST today, whichever comes first.
Only BTC1.21649 left!
Thanks og2k, Simplyfun, and rkjnsn!
I'll close it out and make my first payment as soon as it's fully funded, or 3PM EST today, whichever comes first.
Only BTC1.21649 left!
January 29, 2013, 09:21:42 AM
Thanks SynOps, User #1391 and User #751!
For timing reasons I will be closing the loan offering at1PM EST tomorrow 3PM EST today due to the great response, please help me get it fully funded by then!
Only BTC8.71649 and 1 day left!
For timing reasons I will be closing the loan offering at
Only BTC8.71649 and 1 day left!
January 28, 2013, 05:40:58 PM
Thanks danieldaniel, Akka, and Oliver Smiles!
Only BTC9.12247 left!.
Only BTC9.12247 left!.
January 28, 2013, 03:24:53 PM
I will be investing 1 btc once my transaction confirms.
January 28, 2013, 03:13:10 PM
A BIG Thank You to squall1066 for the BTC10 investment!
This loan is now past the 70% mark and is guaranteed to fund, only 2 days and BTC12.61307 left!
This loan is now past the 70% mark and is guaranteed to fund, only 2 days and BTC12.61307 left!
January 28, 2013, 10:01:41 AM
Thanks for the help Sharman, scatha, and CaptChadd!
We are getting close to the goal folks, but only 3 days are left!
BTC22.61357 left to 100%, only BTC7.21357 until minimum funding!
We are getting close to the goal folks, but only 3 days are left!
BTC22.61357 left to 100%, only BTC7.21357 until minimum funding!
January 26, 2013, 05:45:34 PM
And fryartuck joins the party, hopefully he brought mead!
As an update on my business plan, I will not be investing in BTCINVEST as they have been kind enough to extend me a BTC35 line of credit. Payment terms on that line of credit were made with this loan in mind and will not in any way impact repayment. This allows me to diversify across more funds on more exchanges and should lower my overall risk, further enhancing my ability to repay this loan.
My current estimate is that repayment of this loan should take less than 6 months, which given the BTCJam payment model will increase the effective rate to 20% APR or better if repayment is accelerated further.
Only BTC23.26357 Left!
As an update on my business plan, I will not be investing in BTCINVEST as they have been kind enough to extend me a BTC35 line of credit. Payment terms on that line of credit were made with this loan in mind and will not in any way impact repayment. This allows me to diversify across more funds on more exchanges and should lower my overall risk, further enhancing my ability to repay this loan.
My current estimate is that repayment of this loan should take less than 6 months, which given the BTCJam payment model will increase the effective rate to 20% APR or better if repayment is accelerated further.
Only BTC23.26357 Left!
January 25, 2013, 03:09:24 PM
Thanks Kontakt, Eternell and Mnemonix!
Only BTC23.26 left!
Only BTC23.26 left!
January 24, 2013, 11:54:08 AM
Thanks og2k!
Only BTC23.78651 left!
Only BTC23.78651 left!
January 23, 2013, 09:18:19 PM
BTC5.0 Thanks marc5!!
Update: You too User#298, ThaddeusB, and Evolyn, I will protect your bitcent scale investments as diligently as any other lender.
Thanks everyone for helping out, only BTC24.88 left!
Update: You too User#298, ThaddeusB, and Evolyn, I will protect your bitcent scale investments as diligently as any other lender.
Thanks everyone for helping out, only BTC24.88 left!
January 23, 2013, 10:46:05 AM
BTC11.7 more funded for a total of BTC17.09!
Thanks Tulkas, Slyer, and ReesJ!
Thanks Tulkas, Slyer, and ReesJ!
January 22, 2013, 11:02:55 PM
BTC6.21 invested already, thanks wow86!
It all comes down to my salary at my job as a Director at an IT company where I have been a fixture for over 10 years. I currently am transferring over $500/month to bitcoins and will continue doing so, earmarking loan repayment funds first, followed by other investments and holding. Ideally I will have sufficient returns to repay without touching my net-new investment cash each month, but I'm not relying on it.
BTC1/week is super easy for me to pay back, if you need private reassurance please PM me and we can set up a conference call.
EDIT: FYI, I also will be paying this back early rather than just holding idle BTC if things go to plan. I can't promise anything but I'll be surprised if this loan is still outstanding 6 months from now, maybe even 90 days if I ever get that ASIC gear I ordered.
EDIT2: In response to a PM question; I have 2 loans on BTCJam that I repaid early, and I've been using this handle since 1992 so I really don't want to burn my reputation. My favorite is RFC1149 (or maybe the new IPv6 version in RFC6214.)
(Thanks, that's the first time I've ever been asked for "Proof of Geek" before.)
How do you guarantee it?
It all comes down to my salary at my job as a Director at an IT company where I have been a fixture for over 10 years. I currently am transferring over $500/month to bitcoins and will continue doing so, earmarking loan repayment funds first, followed by other investments and holding. Ideally I will have sufficient returns to repay without touching my net-new investment cash each month, but I'm not relying on it.
BTC1/week is super easy for me to pay back, if you need private reassurance please PM me and we can set up a conference call.
EDIT: FYI, I also will be paying this back early rather than just holding idle BTC if things go to plan. I can't promise anything but I'll be surprised if this loan is still outstanding 6 months from now, maybe even 90 days if I ever get that ASIC gear I ordered.
EDIT2: In response to a PM question; I have 2 loans on BTCJam that I repaid early, and I've been using this handle since 1992 so I really don't want to burn my reputation. My favorite is RFC1149 (or maybe the new IPv6 version in RFC6214.)
(Thanks, that's the first time I've ever been asked for "Proof of Geek" before.)
January 22, 2013, 06:13:04 PM
How do you guarantee it?
January 21, 2013, 05:38:49 PM
I'm looking to expand what I'm doing in the Bitcoin world and am willing to put my reputation (and a very small part of my paycheck) on the line for some leverage to help build a more rounded portfolio. To this end I'm opening a 48 BTC loan that I will be using to invest in a proprietary mix of BTC denominated securities, bonds, micro-loans, and arbitrage. I am not a professional investor so I do not feel justified offering an uncertain return through an exchange, but I can guarantee 1BTC/week payments with my income, even if BTC hits $100 or more.
Long Term Reinvestment Loan
This link is live on BTCJam, please have a look!
Edit: The effective APR is 10.4% in BTC assuming I take the full term to pay off the loan.
Long Term Reinvestment Loan
Quote from: https://btcjam.com/listings/1352
This loan will be used to fund investments in Bitcoin denominated micro-loans and securities over a 1 year period. I will make early repayment of the loan from dividends and other profits as possible, but my primary goal is to maintain and grow my portfolio for the long term.
(At no time will the initial loan principal be used for other purposes, including mining equipment, other Bitcoin denominated purchases, or payments on this or other loans.)
To ensure repayment of this loan I will maintain a scheduled biweekly bank transfer for at least 2x of all BTCJam loan payments. Currently this transfer is sufficient for =< $68/BTC prices with my current loans and this policy, and I have available funds to more than double this if needed. Generally payments will be made 2 weeks in advance to allow for unforeseen issues without being late.
As always, I am an avid member of the community and will not be going anywhere. If something happens to BTCJam I WILL make repayment through the BitcoinTalk forums.
I'm cross posting this on bitcointalk here:
https://btcjam.com/listings/1352
(At no time will the initial loan principal be used for other purposes, including mining equipment, other Bitcoin denominated purchases, or payments on this or other loans.)
To ensure repayment of this loan I will maintain a scheduled biweekly bank transfer for at least 2x of all BTCJam loan payments. Currently this transfer is sufficient for =< $68/BTC prices with my current loans and this policy, and I have available funds to more than double this if needed. Generally payments will be made 2 weeks in advance to allow for unforeseen issues without being late.
As always, I am an avid member of the community and will not be going anywhere. If something happens to BTCJam I WILL make repayment through the BitcoinTalk forums.
I'm cross posting this on bitcointalk here:
https://btcjam.com/listings/1352
This link is live on BTCJam, please have a look!
Edit: The effective APR is 10.4% in BTC assuming I take the full term to pay off the loan.
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