Bitcoin Forum

Looking for 1.5 BTC loan for 3 weeks. TY

With only 20 posts, you will need to provide some collateral for the lender to hold onto.  Something worth at least $300.

Like what?

You can't be suggesting that I know your assets better than you.

I mean what is normally used on this site?

Usually shares.

I can offer shares of all my tournaments on sealswithclubs. Let me know.

People do not want to share your winnings on a poker site.

People want something of value, that they can easily sell for the amount of the loan, should you default.

You ship or transfer said item to lender.  They lend the coins.  You pay the coins back.  Your item is shipped or transferred back to you.

I don't have any collateral. I am also still confused on what something you mean can be used as collateral. Name an example, please. The other guy said shares and you say no?

If they had any real collateral, they would just sell the item and buy bitcoins with the money.

Please understand how a loan works, thanks.

You don't think I understand how a loan works?  Did you read my post before you commented?  They lend coins - you pay coins back.  That is a loan.   :-\

joeyjmr8484, by "shares" they mean a percentage of an asset, such as a mining payout.  They don't mean a percentage of your winnings.

Examples of collateral could be a cellphone, laptop, domain name, etc.  Something that is small and can be shipped for cheap, or transferred instantly online.  You get the item back when you repay the loan, so it is not the same as simply selling it to buy BTC. 

If you don't have any collateral, as a new person you won't get a loan here - sorry.  It's too probable you would simply run away with the coins.  Try borrowing from a friend, a family member or get an advance from your HR department.

I don't care that people won't get loans here without assets, but it's not a loan if you have to put something up to get it. It's not practical, it's not convenient.

Please understand that around half of the overall bitcoin transactions here are for scamming purposes. If that is want someone needs to do, let them be.

You can choose to let people scam others.  I choose not to.  :)

Really? Tell that to all the people who have mortgage loans. (That is, the majority of people who own their homes)

hello (sex)

Not to mention Car title loans...

http://lmgtfy.com/?q=what+is+collateral

What? Collateral is the most thing in the world. I'll give you three guesses what the collateral is in a mortgage ;)

As an example of a perfect loan proposal see: https://bitcointalk.org/index.php?topic=190998.0 . See how easily he got a loan?

Offering to show things such as proof of identity also helps a great deal, check out my thread:

https://bitcointalk.org/index.php?topic=231738.0

I had no trouble getting a 3 BTC loan because I could prove I am who I say I am and that I have a reliable source of income.

Looks like the OP was caught cheating on sealswithclubs.  Even less of a reason to trust.   :-\

https://bitcointalk.org/index.php?topic=40077.msg2344712#msg2344712

When you put things up in a mortgage, you don't lose the items, you simply give them a right to GET them if you default. That is predetermine collateral, not straight up here is my house guess I sleep on the streets now. 

If you transfer your domain to me, you can still use it while I have it for collateral.

a domain name? ok?

flavius I really dont get your point. Shares for example have the only purpose of being bought, getting interest and can be sold. So if you put that up as collateral and transfer it, then what exactly do you mean when you say that the owner cannot use it anymore? All lenders will give you back the interest generated by those shares, you can always tell the lender to sell those shares to cover the loan and transfer any possible extra back to you. You cannot ride on those shares to the supermarket or check your emails with them...

If you ever tried to pursue the "right to GET [a physical item] if you default.", you would know that this aint really easy online while your client is sitting abroad and any prosecution takes alot of time and far more importent money. If you want to offer a physical item as collateral you haveto deliver that upfront. We are no banks so its impossible to play like a bank, otherwise most people here wouldnt get any loans at all. Or did you ever try to go to a bank for $100 and put up some virtual shares from a non registered exchange and a non registered share issuer in a virtual currency as collateral?

And Im sorry but I really dont know what you want to say with "a domain name? ok?". One of those "I had the last word" thing?

do most people here own google and other valuable domain names?

what do shares have anything to do with the topic? we are talking about physical items to put up

Maybe you read before you talk https://bitcointalk.org/index.php?topic=231824.msg2440605#msg2440605

physical items are always a problem because they cannot easily be transfered and sold...

I don't know how a laptop, video game system, phones, etc are not easily transferred and sold but ok.