Bitcoin Forum

Economy => Lending => Topic started by: squatz1 on February 18, 2016, 06:07:55 AM



Title: Going to need some quotes on a loan
Post by: squatz1 on February 18, 2016, 06:07:55 AM
Well, I know I'm new here and all but I'm a exchange trader on Paxful at the moment and I can provide that account which is going to be right here https://paxful.com/user/squatz1
Just let me know what confirmations you guys need and what you would be able to provide, For starters I would like to see if I could get $100 worth of BTC for a loan

I've been able to make a good amount of profit selling these and such, looking at my paxful account could be valid confirmation for this.

Thank you.


Title: Re: Going to need some quotes on a loan
Post by: Naoko on February 18, 2016, 06:37:23 AM
Inform me on the best type of collateral that could be given in my case.

try to read this https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902


Title: Re: Going to need some quotes on a loan
Post by: --Encrypted-- on February 18, 2016, 06:42:23 AM
if you're asking for a loan, it's not a good idea to not set a loan amount because it will look like you don't really need the money[1] and is only interested in padding your reputation. which is frowned upon here.

[1]that's assuming that you have a 120% collateral. otherwise it may be viewed as scam attempt.


Title: Re: Going to need some quotes on a loan
Post by: squatz1 on February 18, 2016, 06:52:10 AM
if you're asking for a loan, it's not a good idea to not set a loan amount because it will look like you don't really need the money[1] and is only interested in padding your reputation. which is frowned upon here.

[1]that's assuming that you have a 120% collateral. otherwise it may be viewed as scam attempt.
Updated for this.


Title: Re: Going to need some quotes on a loan
Post by: Naoko on February 18, 2016, 07:03:14 AM
if you're asking for a loan, it's not a good idea to not set a loan amount because it will look like you don't really need the money[1] and is only interested in padding your reputation. which is frowned upon here.

[1]that's assuming that you have a 120% collateral. otherwise it may be viewed as scam attempt.
Updated for this.

check the link that i provided, you will see that paxful account isnt a valid collateral as you can easily claim back back by contacting support saying it was hacked


Title: Re: Going to need some quotes on a loan
Post by: squatz1 on February 18, 2016, 07:13:52 AM
if you're asking for a loan, it's not a good idea to not set a loan amount because it will look like you don't really need the money[1] and is only interested in padding your reputation. which is frowned upon here.

[1]that's assuming that you have a 120% collateral. otherwise it may be viewed as scam attempt.
Updated for this.

check the link that i provided, you will see that paxful account isnt a valid collateral as you can easily claim back back by contacting support saying it was hacked
Was being used as a more proof of earnings type of thing.


Title: Re: Going to need some quotes on a loan
Post by: Shibashi Dogemoto on February 18, 2016, 07:15:30 AM
if you're asking for a loan, it's not a good idea to not set a loan amount because it will look like you don't really need the money[1] and is only interested in padding your reputation. which is frowned upon here.

[1]that's assuming that you have a 120% collateral. otherwise it may be viewed as scam attempt.
Updated for this.

check the link that i provided, you will see that paxful account isnt a valid collateral as you can easily claim back back by contacting support saying it was hacked
Was being used as a more proof of earnings type of thing.

Sorry man, but proof of earning doesn't count as collateral... Read the link to the sticky Naoko has provided.
You'll basically need something that is worth at least $120 and that can never be reclaimed by you in case you forfait the loan.

If you have no altcoins, and this newbie account is your only account, i guess you must be stuck to giving small luxury items as collateral, or maybe a really good domain name or something (altough not a lot of people take domain names as collateral, since the transferral is always a drag).


Title: Re: Going to need some quotes on a loan
Post by: Nextgen on February 18, 2016, 08:49:00 AM
Was being used as a more proof of earnings type of thing.
But what forces you to repay the loan even if you are done with the need or have accomplished whatever you wanted to ?
However, those accounts can be recovered back to the original owner's and the lender cant do much about it then.Maybe Loanbse or btcjam might be helpful if you need a loan without any collateral.