Looking for 50 USDT for 10% interest, up to 1 week repayment

arabspaceship123

full member

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Merit: 193

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Quote from: Poker Player on December 24, 2023, 12:23:17 AM

I'd like to understand these crypto loans.

The other thing that strikes me is people who have been on the forum for a long time and ask for loans of a couple of hundred dollars, paying a very high APR. To me it's mainly because of poor financial management, but you never know what personal situation they may have.

Shasan's answer in your topic does have weight. If ppl having needs for medicine but don't have funds they'll ask for a loan they'll even accept high APR. If they know they'll bank their salary in a few days but the amount they're after isn't big enough to ask for bank loan, they'll turn to the forum.

Quote from: Bitcoin_Arena on December 24, 2023, 04:11:36 PM

Quote from: arabspaceship123 on December 23, 2023, 07:09:32 PM

I'd like to know why newbies ask strangers in forums but don't ask ppl they know for $50.

The most likely reason is that there are a few dozen scammers trying their luck in this forum. These people have probably been members of the forum before and got their accounts ruined through scamming or defaulting loans, and now they try to create new profiles, hoping that one time they will land on a victim.

It's funny how newbies find loans topics they've got to be desperate to be scamming for $50.

Bitcoin_Arena

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Activity: 2114

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฿itcoin for all, All for ฿itcoin.

Quote from: arabspaceship123 on December 23, 2023, 07:09:32 PM

I'd like to know why newbies ask strangers in forums but don't ask ppl they know for $50.

The most likely reason is that there are a few dozen scammers trying their luck in this forum. These people have probably been members of the forum before and got their accounts ruined through scamming or defaulting loans, and now they try to create new profiles, hoping that one time they will land on a victim.

Some periods it's quiet in here, other periods we have so many random newbie accounts requesting for no collateral loans which makes me believe there are just a few individuals behind the scheme just creating new different profiles.

Poker Player

legendary

Activity: 1372

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Quote from: arabspaceship123 on December 23, 2023, 07:09:32 PM

I can't say why ppl come here for $50 loans there could be emergencies in their life. We don't know about their month pay we don't judge their spending or saving system but if the loan's going to be repaid it doesn't matter. I'd like to know why newbies ask strangers in forums but don't ask ppl they know for $50.

Well, this is a question that caught my attention when I started visiting this section, and I opened a thread about it that contains some interesting answers:

I'd like to understand these crypto loans.

The other thing that strikes me is people who have been on the forum for a long time and ask for loans of a couple of hundred dollars, paying a very high APR. To me it's mainly because of poor financial management, but you never know what personal situation they may have.

arabspaceship123

full member

Activity: 896

Merit: 193

web developer for hire

I can't say why ppl come here for $50 loans there could be emergencies in their life. We don't know about their month pay we don't judge their spending or saving system but if the loan's going to be repaid it doesn't matter. I'd like to know why newbies ask strangers in forums but don't ask ppl they know for $50.

Quote from: Bitcoin_Arena on December 23, 2023, 05:55:38 PM

Quote from: praesu on December 21, 2023, 02:52:18 PM

>>snip<<

Get the $50 from your family, friends, or relatives. I don't think they are all too poor not to be able to afford $50 and the good news is that it will be interest free and require no collateral. Stop wasting your time in this board trying to scam someone because you won't succeed.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: praesu on December 21, 2023, 02:52:18 PM

>>snip<<

Get the $50 from your family, friends, or relatives. I don't think they are all too poor not to be able to afford $50 and the good news is that it will be interest free and require no collateral. Stop wasting your time in this board trying to scam someone because you won't succeed.

arabspaceship123

full member

Activity: 896

Merit: 193

web developer for hire

I'll have to pay attention to details when my loan service becomes active next month. I didn't spot his basic arithmetic mistake. I suppose lenders would've analysed his application before sending the loan. If they spotted it they would've corrected the mistake in the deal.

Quote from: Poker Player on December 21, 2023, 10:39:36 PM

Aside from the obvious scam attempt, I don't trust making financial deals with someone who doesn't understand basic mathematics:

Quote from: praesu on December 21, 2023, 02:52:18 PM

Loan Amount: 50 USDT
...
Loan Repay Amount: 60 USDT (10% interest)

He's probably thought about the 60 USDT he's supposed to pay back and subtracted the 50, thinking the 10 left is interest, lol.

Poker Player

legendary

Activity: 1372

Merit: 2017

Aside from the obvious scam attempt, I don't trust making financial deals with someone who doesn't understand basic mathematics:

Quote from: praesu on December 21, 2023, 02:52:18 PM

Loan Amount: 50 USDT
...
Loan Repay Amount: 60 USDT (10% interest)

He's probably thought about the 60 USDT he's supposed to pay back and subtracted the 50, thinking the 10 left is interest, lol.

arabspaceship123

full member

Activity: 896

Merit: 193

web developer for hire

It isn't best way to learn gruelling lessons. If the lender got scammed he won't repeat the same mistake. They're expecting to have accounts tagged so they're making new accounts for loans. They don't deserve loans because they won't pay back.

I'm bringing my Interest Free Loan Service [starting Jan 7] to lending so I'll probably see these posts in my topic.

Quote from: TryNinja on December 21, 2023, 09:33:27 PM

There is a small chance, < 0.0001%, that once in a very long while, someone will (somehow) trust a newbie account and give them a loan. I can't remember who did it the last time but... guess what... he got scammed. Tongue

So posting once a week with a dummy account is probably """worth it""". Sadly for OP each time it happens the chance lowers drastically more, so I would now give it a 0.0000000000000001% chance instead.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: arabspaceship123 on December 21, 2023, 09:26:02 PM

My question's why do it. Think about it you won't get loans but you try knowing you're wasting your time. How does a newbie find his way to lending topics. If you know you're shooting your foot by asking for money without collateral you shouldn't because you know you'll have rejection.

There is a small chance, < 0.0001%, that once in a very long while, someone will (somehow) trust a newbie account and give them a loan. I can't remember who did it the last time but... guess what... he got scammed. Tongue

So posting once a week with a dummy account is probably """worth it""". Sadly for OP each time it happens the chance lowers drastically more, so I would now give it a 0.0000000000000001% chance instead.

arabspaceship123

full member

Activity: 896

Merit: 193

web developer for hire

My question's why do it. Think about it you won't get loans but you try knowing you're wasting your time. How does a newbie find his way to lending topics. If you know you're shooting your foot by asking for money without collateral you shouldn't because you know you'll have rejection.

Quote from: praesu on December 21, 2023, 02:52:18 PM

Loan Amount: 50 USDT
Loan Purpose: Gas fee to sell a staked NFT
Loan Repay Amount: 60 USDT (10% interest)
Loan Repay Date: 29th December 2023 or earlier
Type of Collateral: N/A

Hello, I am new here. I sadly have no collateral, and am in need to liquidate my asset for personal reasons. I understand the treatment of newbies with no collateral, but here I am shooting my shot.

Address: TUszufozXRJHBqZUwd5XmpT5K3mPFQidkv

praesu

newbie

Activity: 1

Merit: 0

Loan Amount: 50 USDT
Loan Purpose: Gas fee to sell a staked NFT
Loan Repay Amount: 60 USDT (10% interest)
Loan Repay Date: 29th December 2023 or earlier
Type of Collateral: N/A

Hello, I am new here. I sadly have no collateral, and am in need to liquidate my asset for personal reasons. I understand the treatment of newbies with no collateral, but here I am shooting my shot.

Address: TUszufozXRJHBqZUwd5XmpT5K3mPFQidkv

Topic: Looking for 50 USDT for 10% interest, up to 1 week repayment (Read 217 times)