Looking for a Loan [25-100 BTC] - page 2.

Liberty Payout

sr. member

Activity: 280

Merit: 250

Quote from: smracer on June 03, 2012, 06:57:17 PM

Why don't you use some of your $1183.20 to buy items from Amazon and then sell them to get the money that you need to buy items from your supplier? It would be faster than trying to turn BTC into cash.

Where would I sell them? Craigslist. I'd suffer up to a 40% loss on a new item, so as you can see that's not profitable. Any more questions? I long consider that option, buy an iPad then resell to take my funds out of GC limbo. But the loss is to significant iPads on CL go for around $200 where I'm at. Here i'd actually be making profit rather than digging myself into a neg balance.

smracer

donator

Activity: 1057

Merit: 1021

Why don't you use some of your $1183.20 to buy items from Amazon and then sell them to get the money that you need to buy items from your supplier? It would be faster than trying to turn BTC into cash.

Liberty Payout

sr. member

Activity: 280

Merit: 250

Quote from: smracer on June 03, 2012, 04:15:34 PM

Why do you need Bitcoins to buy items from Amazon when you already have $1183.20 available gift balance to spend? This doesn't pass the smell test.

"flipping items on Amazon and Craigslist"

People need to learn to read. I'm selling on Amazon and craigslist. I'm using 4th grade comprehension so this should be understandable.

Blazr

hero member

Activity: 882

Merit: 1006

You need more rep. I keep saying this but you keep trying. You can't expect anyone to do a transaction worth more than $50 with somebody with no rep.

smracer

donator

Activity: 1057

Merit: 1021

Why do you need Bitcoins to buy items from Amazon when you already have $1183.20 available gift balance to spend? This doesn't pass the smell test.

Liberty Payout

sr. member

Activity: 280

Merit: 250

Quote from: nave on June 03, 2012, 02:58:44 PM

I guess I'm confused as to why exactly you need a loan. If you're buying cheap stuff locally on craigslist and selling it (on this forum, or somewhere else?) why not start with some smaller ticket items and build some successful transactions? You could build up some money so you don't have to pay interest to someone else, effectively cutting down your profit margin.

I'm looking for a loan to begin buying the items from my sources. I'm selling via Craigslist and Amazon.com. I don't quite understand the last part.

"why not start with some smaller ticket items and build some successful transactions? You could build up some money so you don't have to pay interest to someone else, effectively cutting down your profit margin"

As for the loan, more capital means more gain.

nave

donator

Activity: 162

Merit: 100

I guess I'm confused as to why exactly you need a loan. If you're buying cheap stuff locally on craigslist and selling it (on this forum, or somewhere else?) why not start with some smaller ticket items and build some successful transactions? You could build up some money so you don't have to pay interest to someone else, effectively cutting down your profit margin.

Liberty Payout

sr. member

Activity: 280

Merit: 250

I'm going to be flipping items on Amazon and Craigslist. I already have suppliers lined up, now all I need are the funds to execute the idea. I've thought for a little bit about what I'd ask for a loan for, because let's face it I'm not here to waste anyone's time or money. I see at least a $15 profit per item up to around $60-80. It takes literally around a few days to successfully flip the item. More information will happily be provided for those interested in investing, as for rates we can discuss it. Right now I'm more looking to get established, rather than just profiting monetarily.

Topic: Looking for a Loan [25-100 BTC] - page 2. (Read 2441 times)