Bitcoin Forum

Economy => Lending => Topic started by: Bytecoin101 on May 02, 2017, 04:39:05 AM



Title: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 04:39:05 AM
Hi, I currently require 0.05 BTC for one month.
Will pay 2% On top of that.
So You will profit 0.001 BTC

*One Month is maximum I could return funds earlier


Title: Re: Loan BTC
Post by: Duzter on May 02, 2017, 04:43:00 AM
Hi, I currently require 0.05 BTC for one month.
Will pay 2% On top of that.
So You will profit 0.001 BTC

*One Month is maximum I could return funds earlier
For a newbie it's really very difficult to get loan. Based on the collateral submitted you might get a small chance of getting loan. Through our forum getting loan needs more trust rate, only then btc loans were processed by the lending service providers. None provides for such a low profiting percentage.


Title: Re: Loan BTC
Post by: MingLee on May 02, 2017, 04:52:24 AM
Hi, I currently require 0.05 BTC for one month.
Will pay 2% On top of that.
So You will profit 0.001 BTC

*One Month is maximum I could return funds earlier
This is likely going to be moved to another subforum within the economy section because it shouldn't be here.
As for your loan rate, while attrative at first glance, you need to prove yourself a bit first. It doesn't look a lot like you have the means to repay it and most users would be relatively worried handing off $75 to someone with little to show for paying their money back along with next to no collateral.
Go looking for smaller loans first with something that people can use to hedge against their investment in your loan.


Title: Re: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 05:10:22 AM
I use the funds to invest in things.
And I have another 0.07 BTC that is mine.
Plus 400k  Bytecoins


Title: Re: Loan BTC
Post by: Amph on May 02, 2017, 05:26:26 AM
without any valid corrateral like an account(not your, which is newbie and useless) or altcoin, you will not go far here

it doesn't matter the amont you need to provide a collateral like your 400k bytecoins


Title: Re: Loan BTC
Post by: Kakmakr on May 02, 2017, 05:30:42 AM
I use the funds to invest in things.
And I have another 0.07 BTC that is mine.
Plus 400k  Bytecoins


I doubt anyone on here will fund your investments, if you talk about investments in Alt Coins like ByteCoin with a 184.47 billion
coin Cap. This coin have very little chance in making it, so it would not be wise for anyone to dump money into that or to loan someone money to invest in it.

Good Luck, but I think you are betting on the wrong horse. ^hmmmmmm^


Title: Re: Loan BTC
Post by: Dudeperfect on May 02, 2017, 05:46:03 AM
Hi, As mentioned by senior members here, it's difficult for anyone to invest in something without a sense of security (collateral). I would advise you to come up with a good collateral, to get your loan filled.

Refer to the detailed post of Vod to understand what is accepted as collateral (I am quoting his post for you).

P.S - Next time post in 'Lending' section if you need a loan.

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam
 
When should you use Escrow?

 - Never send collateral directly to a low activity/post account offering you a loan, as they are likely to take your coins and disappear. (Collateral Scam)
 - Use only "Hero Members" or "Legendary Members" for escrow - they have a vested interest in the community with the time they have spent here.
 - Do not use a third party escrow service unless hero members can vouch for it - it's too easy to create a website, do a few escrows then disappear with a big balance.  Rinse and repeat.
- A list of trusted escrows can be found here:  https://bitcointalk.org/index.php?topic=855778.0 (https://bitcointalk.org/index.php?topic=855778.0)
 
When considering the trustworthiness of a user, ignore "Posts" as there are schemes that pay a user per post.  A person can make 1,000 useless posts in one day and contribute nothing to the community.  Instead look at the "Activity" number - that gives you a more accurate tally of how involved the user is in the community.

Ignore the sob stories that users post - it's just a scam to get your coins.  If a person really is in such a situation, they can turn to family, friends or other social circles they frequent.  They are just posting in our community because the payment is anonymous and irreversible.

Good luck.


Title: Re: Loan BTC
Post by: ThatRandom8543 on May 02, 2017, 08:06:19 AM
Someone might give you a loan if you put your bytecoins up for collateral, only assuming someone would work with you. I would but I dont really trust bytecoins to much due to its value. Someone else might think differently. If you dont want to put anything up as collateral, I would suggest locking this thread and go sell your bytecoins.


Title: Re: Loan BTC
Post by: MargonCreatives on May 02, 2017, 08:39:42 AM
I use the funds to invest in things.
And I have another 0.07 BTC that is mine.
Plus 400k  Bytecoins


Just tell and prove that you held 0.07 ?
Also what for you are exactly taking this loan ? I am not even thinking about giving this to you, but why I am asking all this is because you might get your red trust removed if you prove that actually had the 0.07. The account worth's a lot, mate.


Title: Re: Loan BTC
Post by: virasog on May 02, 2017, 09:47:27 AM
Hi, I currently require 0.05 BTC for one month.
Will pay 2% On top of that.
So You will profit 0.001 BTC

*One Month is maximum I could return funds earlier

If so, your rank will make it hard to find loan since you are just Jr. Member and also try to put some collateral to your post so it will.be valid for loan request. I think it is not legal to ask for a loan request without a valid collateral .
Due to this reason you account has also been tagged RED. We must follow the rules.


Title: Re: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 02:40:50 PM
Hi, I currently require 0.05 BTC for one month.
Will pay 2% On top of that.
So You will profit 0.001 BTC

*One Month is maximum I could return funds earlier

If so, your rank will make it hard to find loan since you are just Jr. Member and also try to put some collateral to your post so it will.be valid for loan request. I think it is not legal to ask for a loan request without a valid collateral .
Due to this reason you account has also been tagged RED. We must follow the rules.


I did not now this.Please remove my red tag

WHat can I give for collateral


Title: Re: Loan BTC
Post by: mexxer-2 on May 02, 2017, 06:03:38 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for


Title: Re: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 09:38:28 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?


Title: Re: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 09:39:24 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

And please remove my red tag. I'm not a scammer. That is not my intention.


Title: Re: Loan BTC
Post by: zazarb on May 02, 2017, 11:38:53 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?
no , not enough, according last btc/doge rate, you must give at least 140k-150k doge


Title: Re: Loan BTC
Post by: Bytecoin101 on May 02, 2017, 11:58:40 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?
no , not enough, according last btc/doge rate, you must give at least 140k-150k doge

Yea.

I have 300 k Bytecoins


Title: Re: Loan BTC
Post by: ThatRandom8543 on May 03, 2017, 12:14:53 AM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?
no , not enough, according last btc/doge rate, you must give at least 140k-150k doge

Yea.

I have 300 k Bytecoins

If I recall, 300k is about .05 btc. Your collateral needs to be at least 120% of what you're asking.


Title: Re: Loan BTC
Post by: Bytecoin101 on May 03, 2017, 02:59:50 AM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?
no , not enough, according last btc/doge rate, you must give at least 140k-150k doge

Yea.

I have 300 k Bytecoins

Then you can steal my collateral and wont give a shit about the loan. because YOu will get 20% Over. SO then I will be scammed
If I recall, 300k is about .05 btc. Your collateral needs to be at least 120% of what you're asking.


Title: Re: Loan BTC
Post by: cpfreeplz on May 03, 2017, 03:11:36 AM
300k bytecoins are going for about 15 or 16 Satoshis each which would be 0.045-0.048BTC. Are you also offering the doge as collateral?


Title: Re: Loan BTC
Post by: condoras on May 03, 2017, 08:51:33 AM
300k bytecoins are going for about 15 or 16 Satoshis each which would be 0.045-0.048BTC. Are you also offering the doge as collateral?

If he is not offering the DOGE as well, then his Collateral is still not enough.
Imho this Loan Request become more and more "difficult" and more complicated, without any major issue.

Just Op, don't understand some things around here and he don't want to listen.
With this behavior, i don't see this Request ending in a positive manner.
Good luck though...


Title: Re: Loan BTC
Post by: zazarb on May 03, 2017, 01:09:14 PM
Mention what you're offering as collateral(and if the collateral covers at least 120% of what you're asking for a loan) in the OP and I might reconsider my neg.

I'd first advise you to look up the term collateral since it doesn't seem you understand what it stands for

I have 60 k Dogecoins

Would that be enough for collateral?
no , not enough, according last btc/doge rate, you must give at least 140k-150k doge

Yea.

I have 300 k Bytecoins


If I recall, 300k is about .05 btc. Your collateral needs to be at least 120% of what you're asking.
Then you can steal my collateral and wont give a shit about the loan. because YOu will get 20% Over. SO then I will be scammed

if you do not trust Lender, you can secure your coins  to acceptable by you both the escrow


Title: Re: Loan BTC
Post by: Bytecoin101 on May 04, 2017, 12:43:05 AM
Offering 300 k Bytecoins, Plus 4250 Doge as collateral.


Title: Re: Loan BTC
Post by: Pearls Before Swine on May 04, 2017, 12:50:26 AM
300k bytecoins are going for about 15 or 16 Satoshis each which would be 0.045-0.048BTC. Are you also offering the doge as collateral?

If he is not offering the DOGE as well, then his Collateral is still not enough.
Imho this Loan Request become more and more "difficult" and more complicated, without any major issue.

Just Op, don't understand some things around here and he don't want to listen.
With this behavior, i don't see this Request ending in a positive manner.
Good luck though...
He indeed is not listening,  because he is only semiliterate and probably has other cognitive deficiencies as well.  And this already isn't going well, with the good ship mexxer-2 having negged him and OP not having gotten any bites.  The neg is fully deserved,  too.  This gentleman didn't read the rules of the clubhouse,  which are affixed in large print to the front door.


Title: Re: Loan BTC
Post by: SniX030 on May 04, 2017, 01:15:43 AM
If he will give both alts as collateral, it would be a loan to think about.


Title: Re: Loan BTC
Post by: jdario on May 09, 2017, 07:34:59 PM
I can give you this loan if you have a tangible collateral


Title: Re: Loan BTC
Post by: BigBall on May 09, 2017, 07:40:13 PM
You need to give coraterall not only telling something because you can get only negative trust from OP users here and you will not get nothing here .You only sound like a some kind of scammer and you are giving too small profit only 0.001 btc looks like a joke for risking 0.05 btc.