Bitcoin Forum

Hi guys,
I have another loan, small period.

https://btcjam.com/listings/38762-investimento---investment-%234

Regards

Just to give some feedback (I use btcjam a lot and have experience on there).
Account is very good, you look very trustworthy, but the interest is 0.45%. Its not even worth it for me parting with my money for 7 days. On 1 btc, that would be 0.0045 btc for interest. That could maybe buy you a small chocolate bar. I have faith that you will repay but personally I would not make this loan because the interest is just not worth it for me.

Rates are now fixed in BTCJam. I can not edit them. And the interest is 0.45% every 3 days, my loan is 7 days, with payments every 3 days.

More information about the new rate in the BTCjam.
http://blog.btcjam.com/2015/03/19/btcjam-introduces-risk-based-pricing-interest-rates-set-automatically-by-credit-score/

Regards!

Right, I forgot about this new feature, I got an email a couple days ago. So thats still about 1% interest, and paid out every 3 days, if I had any capital I would invest in you. Seems like a good loan, you have a good trust history and all that.

We frown on reputation loans here because usually they are just leading up to a larger scam.

In your case, however, I see you have already taken out and paid back a loan as large as the one you are trying for now.

Just please don't try and take a second loan until the first one is repaid.  :)

Yea thats always a red flag, if there already a loan out, taking another one out makes us think you have trouble paying back the first one and therefore will also have trouble paying back the second loan.

All right.
I agree that most of the reputation loans are fraudulent.
As I described in the request, I have a e-commerce, the money will be used in "working capital" do not know if this is the expression in English.

Yep you are correct I have seen people use "working capital loans" as a term before. And reputation loans I usually pounce on, because people usually don't scam on those, they scam later.

I do not make another loan with an asset. Needed only once, and that there was only a parcel. As promised efetuei all payments, the early majority.
I am also leaving my BLC profile, showing that do not have other open.
I understand your concerns, because I'm also investor.
BLC> https://bitlendingclub.com/user/index/id/3004/rafilsk
Regards

Yep, better safe than sorry, glad that you understand asking these questions. If people who require loans get mad at you for asking questions, you can question if they are actually going to pay you back or not, the person should be as open as possible.

BTCJam's new rules are stupid. The reason Bitcoin interest is higher, is because someone might not re-pay. So the risk of giving this loan is not worth it at all.

Pretty stupid, they pretty much fucked up their business.

Yes, I am available for any questions. If I do not answer at the time, is because of the time zone. And my English is not the best ;)

Try doing an on-site loan. You're much better of making a custom interest deal, rather than on BCTJam.

In our group (BTCjbr) had many questions about this change. Many also did not like. Some even insutar the CPO BTCJam, who was participating in the discussion