Author

Topic: Looking for a BTC Loan tied to the dollar to clear my BTCJam debts (Read 1052 times)

hero member
Activity: 504
Merit: 500
This has now been fully repaid, thanks to everyone who funded my BTCJam loans and enjoy your early repayments!
hero member
Activity: 504
Merit: 500
Also as stated in my original post which you clearly did not read I am 3 weeks ahead of schedule with my BTCJam loans and I am actively repaying them with my salary to clear the BTC liability as quick as possible as well - if I do not get any loan here it is not the end of the world - I will never miss any repayments or default on any of my liabilities.

Then I would suggest cancelling the loan request.  Smiley

Why? This is going to be repaid anyway within the next 8 weeks (instead of about 20 weeks if they go full term).
If someone was able to help me convert my BTC to USD debt before that I will also save some more money since I think the BTC rate will rise within that time.

Because you haven't been here very long, you already owe a lot of money, and you are asking to borrow more.

Every scam pays back loans at the start  - it's the best way to gain trust and get larger loans.

I understand this however I have been here much longer than a lot of new people - almost a year now.
I also have never missed a single payment, been late, default on any of my loans.
I also have a business - a lot of people know who I am and where to find me.
I have also done many transactions on this forum with not one single problem.
Also I am not asking to borrow any more money since the money will directly go into paying off my BTCJam debt and can be seen as I will be repaying it straight away it will just replace current debt.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
Also as stated in my original post which you clearly did not read I am 3 weeks ahead of schedule with my BTCJam loans and I am actively repaying them with my salary to clear the BTC liability as quick as possible as well - if I do not get any loan here it is not the end of the world - I will never miss any repayments or default on any of my liabilities.

Then I would suggest cancelling the loan request.  Smiley

Why? This is going to be repaid anyway within the next 8 weeks (instead of about 20 weeks if they go full term).
If someone was able to help me convert my BTC to USD debt before that I will also save some more money since I think the BTC rate will rise within that time.

Because you haven't been here very long, you already owe a lot of money, and you are asking to borrow more.

Every scam pays back loans at the start  - it's the best way to gain trust and get larger loans.
hero member
Activity: 504
Merit: 500
Also as stated in my original post which you clearly did not read I am 3 weeks ahead of schedule with my BTCJam loans and I am actively repaying them with my salary to clear the BTC liability as quick as possible as well - if I do not get any loan here it is not the end of the world - I will never miss any repayments or default on any of my liabilities.

Then I would suggest cancelling the loan request.  Smiley

Why? This is going to be repaid anyway within the next 8 weeks (instead of about 20 weeks if they go full term).
If someone was able to help me convert my BTC to USD debt before that I will also save some more money since I think the BTC rate will rise within that time.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
Also as stated in my original post which you clearly did not read I am 3 weeks ahead of schedule with my BTCJam loans and I am actively repaying them with my salary to clear the BTC liability as quick as possible as well - if I do not get any loan here it is not the end of the world - I will never miss any repayments or default on any of my liabilities.

Then I would suggest cancelling the loan request.  Smiley
hero member
Activity: 504
Merit: 500
Also as stated in my original post which you clearly did not read I am 3 weeks ahead of schedule with my BTCJam loans and I am actively repaying them with my salary to clear the BTC liability as quick as possible as well - if I do not get any loan here it is not the end of the world - I will never miss any repayments or default on any of my liabilities.
hero member
Activity: 504
Merit: 500
Didn't you just take out a £600 loan from Tenahka 2 days ago?  Now you want an additional £1470 to pay off BTCJam loans?  What other loans do you have?  I suggest you sell your "stock" that you bought and start paying down the £2070 that you owe.  It is just going to get worse if you keep taking out loans to pay back other loans.



You clearly have no idea of my situation.
The loans are taken out for my business and each and every loan I have made a profit on so the repayments have never been a problem and remain to not be a problem, however the great rise in the exchange rate from BTC -> USD is what is the problem.
My profit margin is around 25-40% but when the increase from $10 to $13 happened that is already my profit. Had the loans been taken in £ rather than BTC there would not have been an issue I would have made a steady profit - this is something I should have thought about and is something I am attempting to rectify now by decreasing my BTC liability.
I have no issue in repaying every single repayment I have taken so your "suggestion" of me selling my stock is stupid - what do you think I am doing buying stock to keep hold of it?
I sell my products at a markup which is not always instant and is not something I have all my time to dedicate to as I have a full time job as well as my own business which is still in the very early stages, but again people who know me know this.
I have more than £2k worth of stock - this is not the issue, I am not posting this because I am having difficulty repaying anything I am not - go check all my posts I have not had one problem and all my creditors are very happy with me as I communicate with them and always pay on time but mostly early.
The loan I took out with Tenakha is not a loan as such it is a profit share - he is investing in my business but again you did not even read that post either.
Thanks for your helpful post (like all your other posts actually)
 
donator
Activity: 1057
Merit: 1021
Didn't you just take out a £600 loan from Tenahka 2 days ago?  Now you want an additional £1470 to pay off BTCJam loans?  What other loans do you have?  I suggest you sell your "stock" that you bought and start paying down the £2070 that you owe.  It is just going to get worse if you keep taking out loans to pay back other loans.

hero member
Activity: 504
Merit: 500
Still looking - any amounts over $50 considered! Please pm me your terms.
hero member
Activity: 504
Merit: 500
I have been watching the USD -> BTC rate rise over the last few weeks and I fear it will continue to rise during the course of my loans.
I knew the risks when I took out the BTC loans, however the exchange rate has already hurt me quite bad (I cashed out the BTC for around $10) and if it rises beyond $13.50 - I will have broken even on my trades with this loan - anything above this and I have made a loss which I am trying to avoid.
Any spare cash I have will be going into paying off the BTC loans early - I am already about 3 weeks in advance on most of my BTC loans.
I am asking for a loan tied to the USD to consolodate my BTCJam loans - all BTC lent to me will go into systematically paying off my loans on BTCJam - so my liability decreases.
I am willing to convert BTC to USD at the rate of Mtgox average +5% to cover any deposit/withdrawal fees as this loan is more suited to someone who wants to short BTC or deposit fiat to get a fixed fiat return.
It is NOT suited to someone who is long BTC or wishing to invest BTC as you may get back less BTC than you lend out however you will get the same as you lent out in USD terms with interest.
I require 147 BTC to completely clear my BTCJam debts either from one or multiple lenders - anything as low as 5 BTC is acceptable as that will pay off 1 repayment of one of my loans.
Here is a link to my profile on BTCJam - https://btcjam.com/users/92
I have made 14 repayments - 13 are outstanding.
I also have concluded many transactions on this forum and never had a single problem - I am very open and very honest.
I do have some current outstanding loans other than this - however this loan does not increase my debt as I will be using it to clear other debt and most likely save myself money in the long term.
I have tried to make this post as clear as possible but if you have any questions please do not hesitate to ask either here or by PM.
Interested parties can discuss loan terms by PM - i.e duration/interest rate however mid to longer term loans are preferred (4-26 weeks) however small short term ones may not be discounted.
Thank you for your time in reading this.
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