If you were in desperate need for money.... - page 86.

raven7886

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Quote from: betohell on October 25, 2016, 06:56:40 PM

Quote from: Fatamorgana on October 25, 2016, 10:29:49 AM

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

what if you do not have any savings or deposit money backup when you need money?
how do you get out of this problem. if you have nothing and you need the money right now ?

Actually yes, if we have altcoins or cash in the bank then that's not a desperate situation, it is simply a need situation which will be filled easily, desperation is like when I was away from from and needed money, to make it worse my password also is in my home PC and could not be accessed that time.

freedomgo

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Quote from: error08 on October 27, 2016, 03:50:35 AM

Quote from: diodio5 on July 11, 2016, 03:52:46 AM

Quote from: CasioK on July 07, 2016, 02:48:28 AM

If I needed money desperately, I would choose to sell my gold or sell some unwanted stuff. I hold shares as well and they can always come handy when I am in need of money and there are some users who pay in bitcoins for shares. It's a better investment. Taking loans is too risky and I avoid doing it at any cost.

yeah I also prefer to sell trinkets or sell my shares The most likely is to sell my gold because you do not have to wait for the price rise in gold.
I could immediately sell it for a price of gold has been relatively high. You also do not need to sell your bitcoin if at that time was at a low price

That's why we need savings and invest in gold when we have chance to, not wasting time and money for unnecessary expenses.
So, if we desperate need for money, still have choice and backup plan. Good behavior now and you will earn good results then.

I will have savings to prepare for the desperate times but I will not consider investment is very helpful. The fact that investing is a risky game, you do do not have the assurance to earn from your investment, what if you fail, where are you gonna get the money to spend in your desperate times?

error08

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Quote from: diodio5 on July 11, 2016, 03:52:46 AM

Quote from: CasioK on July 07, 2016, 02:48:28 AM

If I needed money desperately, I would choose to sell my gold or sell some unwanted stuff. I hold shares as well and they can always come handy when I am in need of money and there are some users who pay in bitcoins for shares. It's a better investment. Taking loans is too risky and I avoid doing it at any cost.

yeah I also prefer to sell trinkets or sell my shares The most likely is to sell my gold because you do not have to wait for the price rise in gold.
I could immediately sell it for a price of gold has been relatively high. You also do not need to sell your bitcoin if at that time was at a low price

That's why we need savings and invest in gold when we have chance to, not wasting time and money for unnecessary expenses.
So, if we desperate need for money, still have choice and backup plan. Good behavior now and you will earn good results then.

Positid

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Quote from: sunsilk on October 27, 2016, 01:20:40 AM

Quote from: Hatuferu on October 26, 2016, 10:10:09 PM

Quote from: Supercrypt on October 26, 2016, 05:00:38 PM

Quote from: crairezx20 on October 25, 2016, 10:57:29 AM

Quote from: Fatamorgana on October 25, 2016, 10:29:49 AM

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

The big question is, how much loan are you willing to avail or how much loan a lender are willing to extend to you?

It's something you cannot control because you are the one who is in need and when in desperate need, I would think that you are in need of more money that a certain bitcointalk account cannot be guaranteed as a collateral or not enough for the lender to convince to extend you loan.

Most of the time borrowers think that their high rank account is already enough for them to be able to loan if they are really in need.

But if I will going to be a lender, I will need to consider first if they had some source of income with bitcoin because granting their request.

Because there are some abusers that won't pay their loan and making their collateral as payment. And even in my real life, I don't loan even I desperately need money.

I just try to sell some of my precious collections of my favorite branded t-shirts at its lowest price.

There are many things to consider if you are a lender, you have to know the credibility of a borrower which is hard to verify under the circumstances, and the capacity to pay. How can you verify his capacity to play? Are you gonna require him to submit on his payslip in his job? That's normally happens in real world but does not apply online.. so it is risky.

sunsilk

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Quote from: Hatuferu on October 26, 2016, 10:10:09 PM

Quote from: Supercrypt on October 26, 2016, 05:00:38 PM

Quote from: crairezx20 on October 25, 2016, 10:57:29 AM

Quote from: Fatamorgana on October 25, 2016, 10:29:49 AM

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

The big question is, how much loan are you willing to avail or how much loan a lender are willing to extend to you?

It's something you cannot control because you are the one who is in need and when in desperate need, I would think that you are in need of more money that a certain bitcointalk account cannot be guaranteed as a collateral or not enough for the lender to convince to extend you loan.

Most of the time borrowers think that their high rank account is already enough for them to be able to loan if they are really in need.

But if I will going to be a lender, I will need to consider first if they had some source of income with bitcoin because granting their request.

Because there are some abusers that won't pay their loan and making their collateral as payment. And even in my real life, I don't loan even I desperately need money.

I just try to sell some of my precious collections of my favorite branded t-shirts at its lowest price.

Hatuferu

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Quote from: Supercrypt on October 26, 2016, 05:00:38 PM

Quote from: crairezx20 on October 25, 2016, 10:57:29 AM

Quote from: Fatamorgana on October 25, 2016, 10:29:49 AM

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

The big question is, how much loan are you willing to avail or how much loan a lender are willing to extend to you?

It's something you cannot control because you are the one who is in need and when in desperate need, I would think that you are in need of more money that a certain bitcointalk account cannot be guaranteed as a collateral or not enough for the lender to convince to extend you loan.

Supercrypt

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Quote from: crairezx20 on October 25, 2016, 10:57:29 AM

Quote from: Fatamorgana on October 25, 2016, 10:29:49 AM

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

cjmoles

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Quote from: Mastsetad on October 26, 2016, 06:11:35 AM

Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

Well, if they didn't have any gold then they could sell some of their antiques or take out a mortgage on one of their properties. They could also cash in their IRA's early or get a home equity loan. There's lot's of possibilities for those who started planning early....right?

CasioK

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Quote from: Natalim on October 25, 2016, 09:58:06 AM

Quote from: redsun114 on October 25, 2016, 09:31:28 AM

Quote from: Maslate on October 23, 2016, 11:43:46 PM

when you are in desperate need of money, you have a problem about money, and to solve the problem you need to look for the money and that is a hard task to do. I have been in the situation many times and I thank God because he is guiding me every time I have a money problem, my relatives really help me a lot in times of trouble.

I am happy for you to have a good relative that actually understand and solve your finacial problems in time of need, not everybody that has relative who can understand and solve their problems,as for you, you are lucky enough.

And not all people in desperate need of money are also willing to approach their relatives, some keep their price even if a very desperate times as they do not want to have a debt of gratitude.

Yep right, they will be happy to survive in tough situations but never let others know what they are going through. I think if I was in desperate need of bitcoins though I would ask my parents and brother because I believe they love me and I am still a kid to them, no matter what age I grow to, so they will always help me.

Greenenergy

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If I were in such a situation, first I'd ask to my family or to my friends to give me a little. In second, I'd sell my altcoins or put them at collateral and borrow here Tongue

.

Bitonly88

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If I urgently need money, the first thing I try to make them. If not, then I will take credit

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Quote from: Legendaris on October 26, 2016, 12:03:35 PM

Search and grab some services job that can be done fast, like creating a logo, banners, and more. But if it's really needed, the fastest is sell some possessions. Sell some electronic what you have, like laptop, smartphones, tv at low price.

Or, another option is pawned your jewelries or other valuable items that way,you can redeem whenever you have cash again. But,I always lend on my family members,those who has spare money to spend. That way no need a collateral and no interest.

Legendaris

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Search and grab some services job that can be done fast, like creating a logo, banners, and more. But if it's really needed, the fastest is sell some possessions. Sell some electronic what you have, like laptop, smartphones, tv at low porice.

freedomgo

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Quote from: Prohodimec on October 26, 2016, 07:00:13 AM

Quote from: Vikingr on October 26, 2016, 06:32:12 AM

Quote from: Mastsetad on October 26, 2016, 06:11:35 AM

Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

that is right but there are some people who do not keep gold as asset for profit or any other income but they have gold as ornament/jewelry of their females so they cannot sell these gold for their income or other money for their needs.

You're right. In most poor countries, wages barely enough to buy food and pay the required fees. People do not have any assets that can be sold. So they borrow or rent out their jewelry to a pawnshop and getting poorer.

Poor people does not have jewelry that they can pawned in the pawnshop because in my opinion of the word poor, those are under poverty who are just earning an income not even enough to buy healthy food.. In the case they have jewelry to pawned, maybe they become poor because they prioritize their wants than their needs.

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Quote from: Prohodimec on October 26, 2016, 07:00:13 AM

Quote from: Vikingr on October 26, 2016, 06:32:12 AM

Quote from: Mastsetad on October 26, 2016, 06:11:35 AM

Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

that is right but there are some people who do not keep gold as asset for profit or any other income but they have gold as ornament/jewelry of their females so they cannot sell these gold for their income or other money for their needs.

You're right. In most poor countries, wages barely enough to buy food and pay the required fees. People do not have any assets that can be sold. So they borrow or rent out their jewelry to a pawnshop and getting poorer.

Yeah yoi can't start educating yourself or just start to find a job after you become desperate. You'd have to do that early on to avoid being in the situation of desperation. Most people who are like this are those who tend to disregard saving. It's imporant so that in case ther will come a time like that, you're not left in the mud without any contingencies

Prohodimec

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Quote from: Vikingr on October 26, 2016, 06:32:12 AM

Quote from: Mastsetad on October 26, 2016, 06:11:35 AM

Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

that is right but there are some people who do not keep gold as asset for profit or any other income but they have gold as ornament/jewelry of their females so they cannot sell these gold for their income or other money for their needs.

You're right. In most poor countries, wages barely enough to buy food and pay the required fees. People do not have any assets that can be sold. So they borrow or rent out their jewelry to a pawnshop and getting poorer.

Vikingr

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Quote from: Mastsetad on October 26, 2016, 06:11:35 AM

Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

that is right but there are some people who do not keep gold as asset for profit or any other income but they have gold as ornament/jewelry of their females so they cannot sell these gold for their income or other money for their needs.

Mastsetad

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Quote from: cjmoles on October 26, 2016, 02:46:40 AM

Wow...It's been so long. If I were desperate and in need of money, I would probably start thinking about getting a job. If I could not find a job with my qualifications, then I would probably start thinking about receiving an education. If I could not secure a formal education, then I would educate myself utilizing the free resources available to me such as public libraries and the internet. If none of that worked out, then I would probably sell some of my gold.

Someone having gold, bitcoin or any other asset like this is obviously not in desperate need of money as they are something can be exchanged to money easily so in a situation where you have gold you are not in desperate need of money i guess.

Rostadom

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If I am in desperate need for money, then maybe I would sell all my bitcoins no matter what the price is. I know it should be a wiser decision to 'wait' for a better price but hypothetically I was desperate. When the money from my bitcoins isn't enough, then maybe I'll ask for loans from my friends and maybe ask them to not put any interest as well.

I would also look for smarter ways to earn money than my current main income source because I wouldn't be desperate in the first place if my income was pretty good.

goldcoinminer

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Quote from: mrkevio on October 26, 2016, 03:33:19 AM

Whatever you're going to do, never borrow money from banks. That's probably the worst decision you can take. Try to do services to be paid like those you can find at Services, join a signature campaign and you'll be fine in a few days or weeks. Borrowing can go wrong.

Why? What is wrong with borrowing with banks? I think that is the most legitimate way so you will not make a debt of gratitude from any person, banks are legitimate business and if they will lend money it should come with a little interest.

Topic: If you were in desperate need for money.... - page 86. (Read 209030 times)