You're not getting my point. A business cannot be easily sold for BTC40+. So that's not valid collateral.
You need a stable alt-coin, gold or something like that.
Topic: collateral available , Need 40 BTC @20% PA repayable within 10-12 months (Read 1573 times)
March 17, 2015, 09:56:46 AM
March 17, 2015, 09:52:55 AM
Well , I really dont understand why Mr EcuaMobi is assuming i cannot provide a collateral of more than 40Bitcoins 
If you are serious investor show some interest than i will share my business accounts .
You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
If you are serious investor show some interest than i will share my business accounts .You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
I'm assuming you don't have a valid collateral because you didn't include it in OP. Sorry if that's not true.
Just publish something that can be easily sold for more than BTC40 and you'll get your loan easily
No need to publish your personal info.
well you assumption is wrong . And as said before i will not share business details so openly .
what makes you think i can be such a fool . I will give out details on a public forum which could be used by others . i am more sensible than others .
I would not like to prolong this anymore. I hope you stop commenting here . If you are not interested because after this reply none of you replies will be entertained .
Genuine lenders can always reach me on PM for more details . And then i will continue the talks with them .
And you dont have to invest in this if you are so skeptical .Anyways i am too proud , I will also not be willing to take a loan when there is no trust
Let there be peace .
March 17, 2015, 09:39:29 AM
Well , I really dont understand why Mr EcuaMobi is assuming i cannot provide a collateral of more than 40Bitcoins If you are serious investor show some interest than i will share my business accounts .
You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
If you are serious investor show some interest than i will share my business accounts .You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
I'm assuming you don't have a valid collateral because you didn't include it in OP. Sorry if that's not true.
Just publish something that can be easily sold for more than BTC40 and you'll get your loan easily
No need to publish your personal info.
March 17, 2015, 09:32:27 AM
Well , I really dont understand why Mr EcuaMobi is assuming i cannot provide a collateral of more than 40Bitcoins If you are serious investor show some interest than i will share my business accounts .
You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors will be provide with all data after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
If you are serious investor show some interest than i will share my business accounts .You dont have to be so rude and negative here .. .. The above Loan which i am asking is for a urgent project.. Well i am not a fool . I cannot put all my private data here . Only serious investors will be provide with all data after careful consideration and several talks ...
Please use your experience on this site wisely . Discouraging others without any grounds is not good thing to do .
March 17, 2015, 08:03:54 AM
If you don't offer proper collateral worth way more than BTC40 (which your collateral doesn't of course) all you'll get is negative trust. So either add collateral or close the thread now.
March 17, 2015, 06:36:50 AM
Thanks for asking the question .I forgot to mention it earlier . I am only looking for loan amounts at current Exchange rate when you transfer me the loan . I am ready to make payment in USD or bitcoin at the exchange rate that was given to me .
March 17, 2015, 06:31:55 AM
Assuming that you're not out to scam lenders (which I cannot verify of course)...
Have you considered the risk due to appreciating exchange rate?
When BTC exchange rate raises to just $600/BTC (which I would consider quite realistic) your monthly payments of 3.7 BTC (for a 12-month loan) will become increasingly expensive in fiat (from currently $1070/month to over $2200/month). If your income is fixed in fiat, this will become an unbearable burden very quickly and will lead to default.
BTW, the same thing currently happens with loans in swiss francs taken by borrowers who were lured by the low interest in SFR compared to EUR loans - after the limit on EUR/SFR exchange rate was lifted their calculations looked very bad...
Onkel Paul
Have you considered the risk due to appreciating exchange rate?
When BTC exchange rate raises to just $600/BTC (which I would consider quite realistic) your monthly payments of 3.7 BTC (for a 12-month loan) will become increasingly expensive in fiat (from currently $1070/month to over $2200/month). If your income is fixed in fiat, this will become an unbearable burden very quickly and will lead to default.
BTW, the same thing currently happens with loans in swiss francs taken by borrowers who were lured by the low interest in SFR compared to EUR loans - after the limit on EUR/SFR exchange rate was lifted their calculations looked very bad...
Onkel Paul
March 17, 2015, 06:21:24 AM
I think you are confused . I said i will provide collateral and also share id proof , income proof , address proof . If you are a investor then i am ready to share all this info .
Collateral would be :
- The business websites i am running and their account . You can hold on to these as long as i pay back the loan .
- I also have more than 20 domains which you can have until i return the the loan amount .
Collateral would be :
- The business websites i am running and their account . You can hold on to these as long as i pay back the loan .
- I also have more than 20 domains which you can have until i return the the loan amount .
March 17, 2015, 06:13:47 AM
Hi all ,
I am need of urgent need of 40 BTC funds .. collateral available . Also ready to provide proof of income , ID Proof etc .
I will pay within 10-12 months through EMI .. You can keep the collateral until this time .
Kindly reach out if anyone can help . I would highly appreciate it .
Thanks,
Priya
I am need of urgent need of 40 BTC funds .. collateral available . Also ready to provide proof of income , ID Proof etc .
I will pay within 10-12 months through EMI .. You can keep the collateral until this time .
Kindly reach out if anyone can help . I would highly appreciate it .
Thanks,
Priya
Your ID collateral is worthless for this loan. 40 BTC loan for a newbie is probably not going to happen.
March 17, 2015, 06:12:25 AM
Hi all ,
I am need of urgent need of 40 BTC funds .. collateral available . Also ready to provide proof of income , ID Proof etc .
I will pay within 10-12 months at 20% PA through EMI .. You can keep the collateral until this time .I am only looking for loan amounts at current Exchange rate when you transfer me the loan . I am ready to make payment in USD or bitcoin at the exchange rate that was given to me .
Collateral would be :
- The business websites i am running and their account . You can hold on to these as long as i pay back the loan .
- I also have more than 20 domains which you can have until i return the the loan amount .
I would share all my social websites (Facebook,LinkedIn ,Twitter,google), Would add you as friend if you prefer. You can also see its my active profile where i have add childhood friends , school friends, work friends . I would share my contact info , address . what ever you need .
Kindly reach out if anyone can help . I would highly appreciate it .
If you have any questions please let me know and please dont assume .
Thanks,
Priya
I am need of urgent need of 40 BTC funds .. collateral available . Also ready to provide proof of income , ID Proof etc .
I will pay within 10-12 months at 20% PA through EMI .. You can keep the collateral until this time .I am only looking for loan amounts at current Exchange rate when you transfer me the loan . I am ready to make payment in USD or bitcoin at the exchange rate that was given to me .
Collateral would be :
- The business websites i am running and their account . You can hold on to these as long as i pay back the loan .
- I also have more than 20 domains which you can have until i return the the loan amount .
I would share all my social websites (Facebook,LinkedIn ,Twitter,google), Would add you as friend if you prefer. You can also see its my active profile where i have add childhood friends , school friends, work friends . I would share my contact info , address . what ever you need .
Kindly reach out if anyone can help . I would highly appreciate it .
If you have any questions please let me know and please dont assume .
Thanks,
Priya
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