Bitcoin Forum

Hello everyone! So basically I was thinking of making an unsecure loan of 0.25 btc, by unsecure I mean I can't provide any collateral. I am having second thoughts as I don't want to receive any unwanted feedback in here so I'm just going to ask first if this will ruin my reputation here or not.

I need the coins to buy myself a cheap smartphone. I am paying for medication at the moment so I cannot afford myself to buy a smartphone immediately but I badly need to replace it as my income is only coming from online so meaning if I don't have my phone, I will not be able to monitor my source of funds in here. Without my phone I will be completely broke and I don't have any other else to get money to pay for my expenses. I don't have a pc and can't afford to go outside and rent daily to check my online works as I need to be at home to babysit my cousin. My samsung galaxy s3 has finally given up on me after its 3 years of service for me. It needs hardware replacement to be fix. As you can see in my activity here in the forum, I haven't been online So I am thinking of buying a cheap smartphone.


I will be repaying within a month without a collateral. If ever someone here trusts me or whatever I can provide proofs that what I am saying is a complete truth. Don't worry guys, I will not be wasting my reputation in here for  that amount, I just badly need it.

So do you think I can get this without ruining my reputation here? If I can't then I'll understand.

JUST PLEASE. Do not leave any negative feedback in me just for this. I am actually trying to keep my account clean in here as this account provides real big help in my financial needs.

Well my first question straight away is why you do not offer any collateral? Why should only your word count? What you asking is worth over 100 dollars at the moment after all..

Also you didn't mention anything more about the repaying, than that you would do so in a month. You are not planning to pay any interest? I cannot see anyone taking risk of 0.25 BTC when all you get in return is promise that you get exactly the same amount back within a month.

IMHO your account and reputation doesnt worth that much so there is a risk of getting negative feedback for asking such amount of loan without valid collateral

That is the exact reason why I am not sure if it is safe to make this loan so thank you for your opinion. :)
I know words is not enough and if so you have read the whole post I made you will notice that that is the reason why I am still not making the loan and why am I here asking if it is safe to get this.

As I have said I am having second thoughts in getting this loan so the interest is not yet decided. It will depend if someone will actually be willing to give this loan. I have nothing to offer as collateral as I only have the account and this account will not cover up for the loan. Also I am using this account to earn in a signature campaign so I can't really give this account away as a collateral because a part of the repayment will be coming from my signature campaign earnings. So yea.

im of the opinion that negative trust is valid for newbie / junior accounts that spam loans with the obvious lack of intent to repay them. you on the other hand, have been active on the forum for some time, but it is still not a guarantee to a lender that you will repay the loan give the possibility of you scamming and making a net profit if the scam were to succeed. not saying you will, but hypothetically. you can go ahead and try to get the loan, but i doubt many people would be willing to take a leap of faith here. keep in mind though, that my opinions and thoughts on the matter may be different than those of users that may be on DT. personally, i wouldnt leave negative trust if you were to request a loan.

If you don't have a PC and your smartphone is not working how are you accessing the forum now?

Public device I'd guess

You don't have any alt accounts to offer as a collateral, you can just ditch the loan and hop on in your other alt-accounts. Besides the btc price is very unstable right now. What happens if the price jumped to $500.. As i can see the reward isn't that good for this loan..

When the price rises, it is difficult to pay back the 0.25 loan. You can wait a few months and when you become a senior member, and people might lend you unsecured loans.

OP to senior rank left wait just month, but even then account value not enough  to cover
possible loss.
from my experience, increased activity, especially in lending section (fight against newbie spam, sometime giving small loan ...) This is a sign that member preparing to take loan biggest as possible and never repaid.

I am not that's exactly  to @jacee .

I believe in you Chief Jacee and I want to help you. The only problem is all my coins are on exchange site because they are preparing for the sudden pump of the price.

It's my uncles phone that I am using from time to time. I can borrow it for a moment to check some things and to post here in the forum but he will be leaving again this sunday I guess and so I won't be having anymore phone to use. I can go outside for half an hour to check on how things are going on my online jobs but I will not be able to monitor how my works here is going on also dome of my works requires attention and immediate responses so I badly need a phone with me to check things up.


No unfortunately I don't have any other account that can cover up for this loan. I do have a alt in here but in lower rank named jaceefrost, I used it before to make an appeal regarding why my account was lock due to security reason when I accidentally reset my password through the secret question.

I must admit that I haven't thought of the price increase that is about to happen but then but my original plan is to repay the loan weekly or every other day whenever I have some coins in me to repay so I guess repaying will not be that hard. Also I think bitcoin price will be very volatile at the moment but I don't think it will ruse to $500 anytime soon before I can repay. I will repay on based on the amount of bitcoins I loaned and/or if the lender will want to have a fix amount in usd then it will also be ok with me.

Indeed I have been waiting to be a sr. member but unfortunately I can't wait a month and stop from working online as it is my primary source of income. I will be broke if I will to abandon all my online activities. A sr. account will still not be able to cover up for the amount I am asking also so no. It's not an option.
I didn't quite undertand what you have said sorry. Can you please rephrase?

Thanks for trusting bro. I know everyone elses needs their coins so I totally understand. It's actually nice that someone actually trust me in here and not just shoot up into accusations.

It's just a bummer that just when something bad happens, another thing will follow. The funny thing is my phone actually died right after my doctors appointment so I guess it's just really gotta be a bad year ending for me. Even my plans on studying again next year is affected by everything. LOL. I gotta try harder in working. :D

What I have in me is an account in a revenue ad sharing sites with a 120 active shares worth $120. I had invested my money in there for quite some time and earning $5 daily. I don't think it's a valid collateral tho as it is considered as a future income. Also the site needs to click 10 ads daily to let the shares earn so there is a job required to continue earning on it so I think that is not an option also but I'm going to state it in here just in case it can be considered. I have no plan on selling the account as I've also been growing it so I just badly needed a big loan at the moment to help myself to fix everything up so no more problems will soon sprout just because I can't manage my online works well at the moment. :(

I have a samsung galaxy s5. I would be willing to send to you. I understand the struggle, If that would help you. Let me know. All I ask is you pay for shipping. I have a samsung s6 but it's busted on the back and the camera isn't that great anymore. It's a great phone.

If I can help, Please let me know.

^^wow, that is a generous offer.

I happen to believe the loan request here is legit, but I have seen so many scams on the lending forum that I would never lend without collateral. People scam for insanely small amounts and member rank sometimes does not correlate with risk.

a full member can ask 0.08 btc with account as collateral...
easy?!?

Maybe, but he's looking for a 0.25BTC loan.

How much total would you be paying back after the 30 days? I assume you will be using signature payments to repay this?

The phone is definitely on the table for you. I've been there where I had nothing and I didn't feel like I had any options.

Wow. Thanks for that offer. If you would be doing this so I think I wouldn't be needing to get this loan anymore. Where are you from sir? I am not familiar on how this shipping thing works so I am not sure how much will it cost but I think I have some few coins and maybe it'll be enough to cover up for it. Also are you sure you would be doing this so? I cannot just accept something for free as it doesn't feel right so please allow me to somehow repay you at some time I can.


Yes, I understand this completely and thus that is why I am having second thoughts on getting the loan. I've seen almost everywhere on the internet scam people for just even cents so I am not wondering why people can entrust a big loan amount to some stranger easily without some kind of assurance that the lender will get something with it and that is the collateral. It's just unfortunate that I don't owe much items to provide as collateral.

I am aware of that and if it wasn't for the urgency, I will not be risking on getting such big amount of loan in here. I believe a full member can only get a 0.05 btc without a collateral with the current bitcoin price at the moment.


As I have said, the amount of repayment with the interest will depends on the lenders preference. I will be paying weekly and yes a part of the repayment will come from the signature campaign but I also have other source of income online. I just don't want to stop my campaign here as I only get to earn small weekly and if I will to use the money I get from the other sites that I am getting them then I will be left with nothing for my daily expenses.

Alright, I am having an excellent week so I will lend you the funds...please do not make me regret it. Post an address for funding for me.

Repayment to here: 1J7TA793os24VZmzbSr5ipi8VbRAfYxU3B

Wow thanks a lot.
Please state the interest that you want to receive upon a  month long schedule of repayment of the loan.
You will not regret it sir. I intend to stay here in the forum with a clean reputation so I will not stain it with a small amount.
This is really a big help so really thanks a lot.

Here is my btc address:
3K6dUtVFYahtkpDNQAWzA3XRd363w1REbV

If you are agreeing to pay whatever interest rate a lender is asking you to pay, then there is probably not a very high chance that you will repay that loan. This is usually something that is negotiated prior to taking the loan

edit: there is also a very strong relationship between the address you are asking the loan to be funded to and the wallet of PoeEdGar (https://bitcointalk.org/index.php?topic=1206309.0) who is a trust farmer/scammer, and has defaulted on a loan

edit2: it looks like the loan that PoeEdgar defaulted on is here (https://bitcointalk.org/index.php?topic=829497.msg13210744#msg13210744)

edit3: I am not 100% sure that you are an alt of PoeEdGar, however at the very least, you both use the same exchange

I was waiting for a response and so asking whatever the lender want as an interest, isn't that negotiation? I also think he woudn't put up such big interest on it.

Another scammer linked with my btc address. Great!  :-\
To tell you the trush I have no idea who is that PoeEdgar guy is and the btc address that I have been using is in an exchange site named coin.ph . I use it mainly because it converts instantly in local currency and can easily be withdrawn to fiat. I have been using the same account ever since I got involved with bitcoin last year, october I think. The address linked in my account before was in 1Jxxxxxxxxxxx format before and just this year, coins.ph has to change the addresses in their service to 3xxxxxxx format, I don't know why but it's for security reason I think.

Also I don't get it how my address is associated with that guy?


It was probably because the guy was also from my country. There is only one exchange in here in my country that provides the easiest way of withdrawing the funds to fiat. that is coins.ph check it out. You can ask the admin in there to ask for identification I think.

I actually feel sorry for OP as I believe this loan request has brought a lot of scrutiny over him.

But lesson learned, never request for non-collateralised loans when your account reputation value isn't worth as much as what you're requesting.

You were essentially saying that you would agree to pay whatever interest that a potential lender was asking for. Negotiation is when you receive (or solicit) an offer and make a counter offer if the terms offered are not what you are looking for.

I see. I have a different understanding of what negotiation is then. Anyway, just because I said I will pay whatever the interest is doesn't mean I will scam here. It's just because I don't think a lender will put such high interest in it.

https://blockchain.info/tx/eb9a3c16a48bec4ba243440f7ed5b950b5bffd5212ea382e5e766d684064538c

Interest wise...send what you think is fair.

I hope OP repays this and won't make any judgments until he repays. What is repayment date ?

 
Got the coins. Really a big thanks blazed! Well now, I have to think of the interest.
Do you think a 12% -20% interest would be fair? If not then I am open to others suggestion about this.
I will be sending repayment weekly as I have said and some of it will be sent whenever I have coins to repay. Thanks!
I will, don't worry, I have no intentions in running away and ruin what I have been building in this forum. Repayment date is a month long (30 days) but I am planning on repaying weekly or whenever I have coins to send.

Once repayment thing is fixed, lock the thread else around 100 replies will come which have no sense , and congtrats you got the loan

12-20% is pretty high for a 30-day loan. I was not expecting you to pay over 10%...

I am from Florida. Sarasota. The phone is unlocked.

Send me your address unless you plan on utilizing this loan.

he already got the coins...
i dont really understand though...

he said he need the loan to buy a phone and you offered one for free (basically)... seems very strange to me (before that i had believed his story - no i dont)

Will it be fair then if I pay with a 7% - 10% interest? :)

I had already got the loan sir. Thank you really for the offer but I was thinking of how much would the shipping fee cost if ever. Also it doesn't feel right accepting something for free from someone I barely know. I really appreciate the offer but if you were to give me the phone I will still somehow be willing to pay you for it.



I will not be able to buy a new phone until tuesday as I still can't go to the nearest mall available here in my location which is a 2 hour ride, my aunt will not allow me to go until tuesday because no one will look over at the house for a while with her baby so.

I'm not sure why a loan was needed when a free phone was offered. All the best, friends.

Looks like the person offering the coins answered first, he probably didn't want to turn down the offer based on someone saying they may send a phone in the mail.

Wow that was really kind of you ;D

@OP
Don't forget to pay back the loan, he's already risking his coins by lending to you ;)

Because someone else already gave him a loan, turning down someone's loan after accepting it is disrespectful :P
What kind of phone are you offering anyway?

I have no reason to think he will not pay back...time will tell!

The OP last logged in less then 24 hours ago and has posted since he got his loan. This at least means he has not abandoned his account since getting his loan, however not responding to PMs is probably not a good sign (if this is the case). 

I have not tried to msg him and the loan was for a month.

I'm gain stating here that I have no intention on defaulting on the loan and scam a really nice guy who gave me a loan despise of not having a collateral. I value trust more than anything and I am not here to ruin my life beliefs just for the coins that I can get in over some time.

I just received a message from blazed today. :)

Why not just lock this thread and unlock this when you're going to repay the loan, you can basically contact blaze via pm.. Unless you want this thread to filled up by nay sayers with paid signatures bwahaha

 Jacee - why not take the S5 and pay shipping if this guy is willing to help you?  There are good people in this world you know.
When I saw your request I was thinking that I could send you an iPhone 3gs I don't need... but the S5 is a much better phone.

ever consider that maybe he just doesn't want to accept charity or give out his address? I'd do the same in his position.

 I have considered every aspect of OPs dilemma and I know precisely why Jacee chose the loan over a free phone and I think it was a rash decision.  This is why I prompted OP to reconsider.  As for considering the charity aspect, OP had already stated his feeling about charity in an earlier reply and as for the address, he stated that he didn't know how the shipping would work.  That could be have been found out just as easily as whether a loan could be sought without collateral and not result in negative feedback.  I believe the euphoria, that came along with being offered a collateral-free loan so quickly, impaired Jacee's judgment.

 Personally, I use a drop point which has multiple locations from which I can select and I am identified by a PIN only.  I don't have to give my name to the shipper and I can have the parcel delivered to my address via the drop point or I can pick it up.

 Hopefully the cheap phone he purchases will still be working when his uncle leaves this allowing him to continue the laborious task of clicking 10 ads per day in order to maintain the stream of income required to pay back the loan he needlessly accepted.  Heaven forbid he be forced to forgo his medication in order to pay back the loan.

 TL;DR? -   "Yes."

I understand the dilemma. I just hope he is able to make things good and go above.

Just so everyone in the forum will know, I have asked Blazed for a week extension to fully paid the loan.
 MyPayingAds is currently having an issue with paypal and unfortunately most of my funds are in there and they have stopped all deposits and withdraws in every processors so I can't withdraw it at time when I needed to.  Because of this I will be short in funds to repay the whole loan so I am still waitin for another week until the issue ets fi or maybe I will try somethig else if it is still bot resolved by the en of next week just to repay the whole loan.

Again Blazed sir, really thanks for the help and understanding. Don't worry I will keep my word.

I can understand not wanting a free/used phone, but if you need a way to read emails and communicate online why do you need over $110 to buy a phone? I bought ZTE Maven for $30 and bought $10 in minutes and a sim card for $1 - total is $41. And there are cheaper android devices then what I bought. Also you sent feedback recently for exchanging perfect money to bitcoins, Even if its a little amount you should of gave blaze at least something?

I think this is suspicious, I really hope you did in fact buy a phone and will pay back blaze within a week.

I will repay blazed @ 10. @ I was waiting for my signature payment to send all the coins at a single transaction. I didn't sad I was not to, wat I said is I asked for a week more extention to "fully" repay the loan. Just for your info I also exchanged some funds from payeer.  ;)

Sounds like you did not buy a phone but instead invested the coins in another money making scheme and now you have trouble in withdrawing funds from that site. Thats a huge gamble you that you made OP if that's what happened.

I bought a phone bro. The funds I am referring was there already invested in MPA. It was the funds that I was waiting for but then I needed to buy a phone immediately so I can have a phone to use to work online so I had to ask for a loan, but then when I needed to withdraw it to repay, there has been an issue with paypal disputes. Check Mypayingads.com site or their faebook account MyPayingAds to see that they do have a problem. I didn't used blazed loan to me as investment, I withdrawed all of it to fiat. I can give you an account statement with the exchange site I am using to prove that I did cashed out everything.  I'm not that kind of person that will take a loan and gamble it to a game or investment.

I saw you exchanging things in exchange section mate, I am really glad that, blazed gave you this loan, others usually do not have such patience and they often end up giving you red trust. Try to be respected by keeping your words ( i trust you ) and pay him asap.

As promised, I have sent repayment for half of the loan.
https://blockchain.info/tx/4ffc2bcfda271ee471275637f866163bc9cf7466518254fd28dd37551db4a41e

Signature payment is supposed to be sent today but our campaign manager said it will be sent tomorrow 10pm GMT so I only have 0.1 btc in me today. I will be sending the remaining unpaid balance next week as agreed by blazed that he gave a week extention. I really hope MyPayingAds will be operating soon before weekends. :(

.1 is confirmed same with the extension.

Here is the remaining balance + the interest for the loan Blazed.
https://blockchain.info/tx/c01bfaf6801b02a5847ce1bca9e2676d578076a5ce79228fcc3e353127975cc6

Again, I'm really sorry for the delay and really thanks for the loan you gave me. It was really a big help since I couldn't afford the whole month expenses plus the phone and the hospital bills I paid. Anyway. Really thanks again. ;D

MPA, has not yet opened withdrawal and unfortunately my was was stucked in there and I'm loosing m hope whether I will get it anymore. Anyway, thibis a lesson learned.

Confirmed..

Thanks a lot sir!