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Title: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 06:16:09 AM I think only read this if you are already a lender on the btcjam platform ;)
I'm a brand new member so I hope I am posting this topic in the correct forum and the content does not conflict with moderators policies :) After spending a few weeks building up my btcjam profile I published a USD linked loan which is only BTC 0.37 away from being funded: https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses (https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses) Since posting the BPI has fallen about $8 USD; a more dramatic decline and it would be remiss of me not to delete the listing if it hasn't funded yet (%69 funded already - only 1% to go). At the same time I want to do the right the lenders who already invested so it would be great to get it across the line asap. I thank you in advanced for your consideration and especially welcome guidance on whether I should have posted this thread in a different forum :) Title: Re: Need BTC 0.37 in a hurry to fund my btcjam loan before BPI falls too much Post by: darlingdarla on November 19, 2015, 06:19:05 AM I'm a brand new member so I hope I am posting this topic in the correct forum and the content does not conflict with moderators policies :) you're new. That should answer the question if it'll get funded or not. Never get a loan to get another After spending a few weeks building up my btcjam profile I published a USD linked loan which is only BTC 0.37 away from being funded: https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses (https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses) Since posting the BPI has fallen about $8 USD; too much further and it would be remiss of me not to delete the listing if it hasn't funded yet (%69 funded already - only 1% to go). I thank you in advanced for your consideration. :) Title: Re: Need BTC 0.37 in a hurry to fund my btcjam loan before BPI falls too much Post by: dropBear on November 19, 2015, 06:27:39 AM I'm a brand new member so I hope I am posting this topic in the correct forum and the content does not conflict with moderators policies :) you're new. That should answer the question if it'll get funded or not. Never get a loan to get another After spending a few weeks building up my btcjam profile I published a USD linked loan which is only BTC 0.37 away from being funded: https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses (https://btcjam.com/listings/53456-catch-up-on-bills---living-expenses) Since posting the BPI has fallen about $8 USD; too much further and it would be remiss of me not to delete the listing if it hasn't funded yet (%69 funded already - only 1% to go). I thank you in advanced for your consideration. :) Thank you for the prompt reply. It may be I am misunderstanding the intent of this particular forum. I am not seeking a loan from anyone here as such but rather wanted to promote my btcjam listing to potential existing lenders who already use that platform. If that was not appropriate please let me know :) Title: Re: Need BTC 0.37 in a hurry to fund my btcjam loan before BPI falls too much Post by: WePromoteCrypto on November 19, 2015, 06:28:47 AM Asking a loan to repay a loan is not good practice.
Especially with a 0 activity account. Title: Re: Need BTC 0.37 in a hurry to fund my btcjam loan before BPI falls too much Post by: dropBear on November 19, 2015, 06:55:51 AM Asking a loan to repay a loan is not good practice. Thank you for the reply. I've edited the topic of this post and put a caveat at the top of the thread - I was just hoping to reach existing users of the btcjam platform.Especially with a 0 activity account. Is it ok to do that here? Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: Shibashi Dogemoto on November 19, 2015, 07:02:19 AM If you want to get funded at btcjam, i would suggest working on your profile...
Personally, i only look at A+, A and A- profiles... If i know they guy/girl from the forum or real life, i might consider B+, but i would never fund a loan from somebody with a C-profile... I know it's hard and they ask a lot of private stuff, but it does make a difference what kind of account you have i'm afraid. Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 07:10:08 AM If you want to get funded at btcjam, i would suggest working on your profile... They are very thorough with asking for information and in fact a rep from btcjam called me on the phone prior to my very first loan being published which I thought was great. Great for the lender because it's additional diligence and great for me because I have submitted every last detail of my private life to the site so it was reassuring to speak to someone on the phone.Personally, i only look at A+, A and A- profiles... If i know they guy/girl from the forum or real life, i might consider B+, but i would never fund a loan from somebody with a C-profile... I know it's hard and they ask a lot of private stuff, but it does make a difference what kind of account you have i'm afraid. Actually my loan was funded about 50% as soon as it was published I guess because of lender's "autoinvest" settings. Perhaps I should split the loan in two - relist with a smaller amount to increase the chance of it funding before the BPI moves too much and once I have paid it back I guess it contributes to my rating for the second loan? Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: Shibashi Dogemoto on November 19, 2015, 07:50:18 AM If you want to get funded at btcjam, i would suggest working on your profile... They are very thorough with asking for information and in fact a rep from btcjam called me on the phone prior to my very first loan being published which I thought was great. Great for the lender because it's additional diligence and great for me because I have submitted every last detail of my private life to the site so it was reassuring to speak to someone on the phone.Personally, i only look at A+, A and A- profiles... If i know they guy/girl from the forum or real life, i might consider B+, but i would never fund a loan from somebody with a C-profile... I know it's hard and they ask a lot of private stuff, but it does make a difference what kind of account you have i'm afraid. Actually my loan was funded about 50% as soon as it was published I guess because of lender's "autoinvest" settings. Perhaps I should split the loan in two - relist with a smaller amount to increase the chance of it funding before the BPI moves too much and once I have paid it back I guess it contributes to my rating for the second loan? I've never taken out loans on btcjam, only funded them... But if i understand it correctly, paying back will raise your rating [confirmation needed] I don't think it's the size of your loan tough... you're asking for a little over 1 BTC, which isn't a big deal for a lot of people. Personally, i think it's the rating, and the fact that you're not going to invest the coins, but use them to pay bills while being unemployed (it's not an ideal situation from the lender's point of view) Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 10:20:09 AM If you want to get funded at btcjam, i would suggest working on your profile... They are very thorough with asking for information and in fact a rep from btcjam called me on the phone prior to my very first loan being published which I thought was great. Great for the lender because it's additional diligence and great for me because I have submitted every last detail of my private life to the site so it was reassuring to speak to someone on the phone.Personally, i only look at A+, A and A- profiles... If i know they guy/girl from the forum or real life, i might consider B+, but i would never fund a loan from somebody with a C-profile... I know it's hard and they ask a lot of private stuff, but it does make a difference what kind of account you have i'm afraid. Actually my loan was funded about 50% as soon as it was published I guess because of lender's "autoinvest" settings. Perhaps I should split the loan in two - relist with a smaller amount to increase the chance of it funding before the BPI moves too much and once I have paid it back I guess it contributes to my rating for the second loan? I've never taken out loans on btcjam, only funded them... But if i understand it correctly, paying back will raise your rating [confirmation needed] I don't think it's the size of your loan tough... you're asking for a little over 1 BTC, which isn't a big deal for a lot of people. Personally, i think it's the rating, and the fact that you're not going to invest the coins, but use them to pay bills while being unemployed (it's not an ideal situation from the lender's point of view) Yeah I realise my listing is not much of a value proposition lol but it is true and honest Anyway still got 12 days to run and hopefully BPI not too volatile. Thanks heaps for your advice - I really appreciate it. :) Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: EcuaMobi on November 19, 2015, 11:36:26 AM No matter how you call it you're asking for a loan without collateral here at bitcointalk. Therefore
https://bitcointalk.org/index.php?topic=577765.0 Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 11:56:35 AM No matter how you call it you're asking for a loan without collateral here at bitcointalk. Therefore you should move it to Lending (or it will be moved) and you must comply rules here including this: No problem. I actually did initially post in Lending but wasn't sure if it was ok to be referring to a 3rd party platform in the Lending forum.https://bitcointalk.org/index.php?topic=577765.0 I will move it back immediately. :) Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 12:04:58 PM No matter how you call it you're asking for a loan without collateral here at bitcointalk. Therefore you should move it to Lending (or it will be moved) and you must comply rules here including this: No problem. I actually did initially post in Lending but wasn't sure if it was ok to be referring to a 3rd party platform in the Lending forum.https://bitcointalk.org/index.php?topic=577765.0 I will move it back immediately. :) I obviously am way out of my depth on this site. I did not mean to mislead or offend. :( Title: Re: Existing btcjammers - I am 1% away (0.37 BTC) from funding but the BPI is down: Post by: dropBear on November 19, 2015, 12:33:19 PM No matter how you call it you're asking for a loan without collateral here at bitcointalk. Therefore you should move it to Lending (or it will be moved) and you must comply rules here including this: https://bitcointalk.org/index.php?topic=577765.0 !!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!! SERIOUSLY?! I didn't even know this was a trading platform when I posted my thread. Please delete my account I definitely don't belong here. |