The investment I want to do works in zar but because I can't get a loan I turned to bitcoin. I got involved with bitcoin when I joined zarfund last month. That was my first time that I learned about bitcoin. the investment that I want to get involved with is fotex. I have to be honest and say I don't know much about this, that's why a friend is going to help me with this and teach me. I like to learn new things all the time it will be challenging but looks interesting and rewarding. I want to learn this and want to do it for the long run. I asked my friend that if I make the loan to join fortex trading will I be able to repay the loan and she said yes I can pay back within a month. I need R20000 to trade which is 2.21btc but ill add the extra 0.21btc (R2000) myself that's why I didn't include it in my loan request. The amount I offered to pay back is R22653.73 if I go by todays exchange rate. I know its a lot of money to borrow and it makes me nervous just thinking about it. But I'm a honest hard working person and I know I can learn fortex trading and make a success of it.
Given that, you are not investing in a ponzi scam. Another problem arises with what you want to do. It is investing in something you have not ever ventured in, no knowledge whatsoever, reliance on a friend who has no credentials to show for it, and you offer an interest so large that you cannot probably repay (including the principal).
This is us trying to help you and not to be mean to you. Asking for an extra large amount of money without any assurance on the lender that you will pay will not get you far here. Also, if ever you get that loan. Do you honestly believe you will be good at forex trading (not fortex)? Have you ever wondered, does everybody who trade in forex ever earned money or did they lose everything?
You might think forex is easy because a friend told you so. The promise of wealth beyond imagination will always be tempting, but the promise of instant wealth is an illusion this world has instilled in the minds of the people.
I think you are better off not getting this loan. What if, you do get a loan from someone, and this person knows everything about you? Your address, your phone number, the name of your kids and where they go to school. Will you be scared? What if you default on that loan, because you lost everything in your proposed investment opportunity? What now? You can't just say, "sorry Mr. Lender man who is not a total stranger and killer, but I lost the principal I borrowed from you. Sorry, but I can't pay you anymore." What if, that lender is not just a lender but psychopath? Will you fear for your children?
I hope you understand your situation and be open about what you want to do here. You are not an investment wizard nor a financial guru to pull this off. Heck, even the best investors will not promise a 25% return in a month!