Topic: Need 55 Bitcoin Loan - Will pay 3 btc daily starting on february First. (Read 2470 times)

For reference

O.k i responded to ptd through pm, so i can take care of the DT members and john.

Thanks again everyone for willing to help!!!

I think you can work this out.  Pay everyone off as fast as you can.  Make payments whenever you can and keep track of everything.  Remain honest and stop gambling

Here is your starting point (from what I can gather, everyone let me know if you see any mistakes).  Looks like you may need to talk to Patrick about an extension.  If he is unwilling/unable to do that then come back and let's talk again.  Good luck!

PM rexcoin. I think he'll accept the loan happily lol

I went to bed just after writing that last post (being a brit and it being 2am in the morning).

Yes, just tell me where you want the 7 BTC sent and I'll send it. I'll offer a compounded interest rate of 0.25% daily (equivalent to 7.78% every 30 days).

Peter,

Waiting a bit to hear from ptd.

ptd?  Do you want to loan out 7 BTC to rexcoin?  Let us know.

Sorry for being late to respond again feel asleep, thanks burt Wagner for the help, i thought it be better if you paid for the loans and i just only owe one person (you), but if you suggest i just be patient and pay them each i'll do that, what do you suggest?

Yea i am not late yet on the loans, but it is better to be safe then sorry. Hmm i would like to know if you could pay these loans, even if i got to pay interest, so that they can be taken care of, and if i could get 30 days to pay, now i would of course try not to just wait last minute and pay 30 days later and pay a large sum, i would do it bit by bit. If you did agree to make the payouts to the loans i owe, we could create a new thread to keep track of what i sent.  This is all up to you, whatever you decide im fine with.

Well it does not look like he is in as much trouble as I first thought.  He has wisely determined that he was getting in trouble and it appears he is getting everything taken care of before it is too late.


jfreak53 is a new loan so he has time to pay it off
PatrickHarnett is not even due yet so he has time.

I could cover the 7 BTC left but ptd already offered so you can have it if you want it.  I do suggest you pay his creditors directly.

I'm quite happy to lend you some money (upto 23 bitcoins), but you should ask your creditors first if they are prepared to let you just pay them back late, since that will cost less and help you get out of your debt hole quicker.

Peter,

Was out just now so didn't reply in time. Yes, the repayment period is due on tomorrow, hence his repayment is early. He has to clear his loans with people in dragontales, so he didn't repay me the entire amount. I'm okay in allowing him to stretch the repayment dates for a couple of days without any additional interest. He has been entirely upfront and open about everything, and he has my trust.

I am going to lay down for a few hours, i guess being up since 5 a.m + depression is getting to me.

I will be back in a few hours or tomorrow and i will check this thread and pms.

Thank you everyone for willing to help.

I hopefully will have a payment plan with burt if he agrees to help out, and yes i feel so foolish/stupid for asking for so many loans thinking i was going to win, i mean with the first 3 loans i won pretty quick, i guess i got what was coming to me since i gambled, and now that i lost like $300 in bitcoins i feel bad i wouldnt care if it were my money you know but its other peoples money - so i feel even worse.  I am going to do everything i can to get these loans paid, that i can promise!

Well im 23 years old, i guess its a lesson learned you know, Im sorry for all the headaches i have given everyone. I WILL make it right.

I think it is worth noting that the funds I loaned are not actually due until the 1st of Feb.  It's also useful that rexcoin has worked out they've got themselves into a mass and is working on putting it right and not hiding.  Also, I suggested to rexcoin earlier that putting in a payment plan is a good idea - lenders want to cover their losses and maybe we don't get back everything, but it's better than nothing.

I wonder if some people playing with bitcoin think it's not real money, or have not had to deal with real life consequences.  In this case the amounts are small, but still over USD300 worth and that's a lot if you don't have it. 


BTW, I'm not bailing out Greece - that's too much risk.

O.k here you go, and thanks.

I still owe 2 people on DT as specified above.
Also just so you know im serious about paying back, im also creating a bitcoin homepage business maker, Which allows for people with no scripting knowledge to create a decent bitcoin accepting/sending website, for example with my website is possiable to create a small store with only 20 lines of code or a flip the coin game in 15 lines of code.

After its finished, i will sell the site, which should be in a week or so. afterwords you get the loans you paid for me + whatever interest.

This is just a backup, im still getting my ssi check and selling stuff on the forums. But things happen so which is why im doing this project.

Please completely fill out and/or correct this "loan application form".  I have started it for you.  You can either post it here in public (better) or PM me.  Include all BTC loans:

Sorry for the delay in response i went to the store.

I sent 14 btc since i owed others in dragontales  too - john agreed this was o.k.

Hold on for just a second here.  If I am reading this correctly:

jfreak53 just sent 20 BTC to rexcoin and rexcoin sent only 14 to johnthedong?

rexcoin, what happened to the other 6 BTC?  Be honest.

Also, since this is your public loan information:


The 14 BTC makes no sense.  It does not cover the principal, let alone the repayment amount.  Why did you not pay this one off entirely?

johnthedong, did you change the terms of the loan?

I was thinking about helping out (with some restrictions, etc.) but I need to understand what just happened here.

Rexcoin has repaid 14btc which went to my address : http://blockchain.info/address/536df3bf833573495d6a92dc90487bbc62595282

Do note that Rexcoin is a trustworthy person, and I sincerely hope he get out of his gambling problems.

Got the 20 BTC;'s will be sending john the bitcoins as soon as a block goes by, thanks so much!

Just sent

Updated the above post, but here it is again, my address is 1AJLphLithbP5jPxgsKkfAe2vZ2nFrsaBL

I Agree to send 22 btc to 1PuqE7vvb5DpdEMH7j3EM5PgT3JkFfCZoK

We're good for right now, I see Patricks response above.  So yes, post the address to send to and I will send out the 20 BTC as agreed above.

Return payments can be sent to:

1PuqE7vvb5DpdEMH7j3EM5PgT3JkFfCZoK

Not going to gamble it i learned my lesson.

Well i would love to pay johnthedong first as my due date is in 2 days.
I agree to the terms, 10% is fine with me.

Patrick did confirm on this thread, john is not online but i sent him a message to respond here. WOuld you like to send me the 20 btc so i can send john around 16 btc the remaining 4 btc goes to 2 people i owe on dragon tales, or you rather wait for john? it is up to you since your doing me a huge favor?

-------EDITED -----
 if you want to send to me, my bitcoin address is 1AJLphLithbP5jPxgsKkfAe2vZ2nFrsaBL

John im sure will confirm i sent him the bitcoins once he is online.

I am willing to take on part of this burden, of course I need both other parties to vouch for you, they can PM me if they like.  But I am willing to take on 20BTC at 10% interest for the term agreed upon above.  You would just have to find the rest from another party.  I do monthly loans all the time so I am used to it, but it does have to be 10% interest.  Also if you gamble with my money the interest goes up to 20% ha ha

Let me know if your interested and we can agree to it and you can give me the address to send to.

Correct, Sorry I did not specify.

Just for clarification, the loan was for less than 28.5, that was the agreed payback amount.

By my SSI check, bitcoin related site im working on - and selling things in bitcoin market as started on the post. Let me know if your willing to help, and thanks for posting.

how are you intending to pay back?

Is 65-70 btc fair for this type of loan then? i am not sure - sorry.

Its of course negotiable.

But who would accept a 9% monthly interest rate for this kind of loan?
It seems a bit low.

O.k so i must admit i totally screwed myself with dragontales gambling. SO after this no more loans for gambling for me!

I owe PatrickHarnett - 28.5 BTC
and I owe  johnthedong - 18 BTC
TOTAL: 46.5 BTC - i also owe a few buds in dragontales some bitcoins.

Since this is to pay back loans if anyone is willing to do this loan for me, I will pm you PatrickHarnett and johnthedong bitcoin address and they can verify it, THIS IS NOT FOR GAMBLING

Anyway lesson learned, and wont ever ask for loans for gambling again, im sorry i totally screwed myself ,and i DO NOT want to default on the loans.

SO i bet your asking how do i intend to pay back 3 btc a day? well im starting a bitcoin related site soon more details soon.
AND I get a SSI check in which i will use part of it to buy bitcoins, I intend to buy 10 bitcoins at first which will be sent to the loaner on february first.
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I know i messed up badly with these loans, i hope someone can help me out of this hole.  I would be more then greatful, and i PROMISE to not take anymore loans out for gambling.

P.S im also selling magic the gathering/ pokemon / yugioh, so whatever i make from them i will give it to the lender, its in the marketplace board.

so, 55 btc and i will return 60 btc within 1 month.  Anyone interested?