Bitcoin Forum

Hello there. I'm looking for lenders to help me raise 3BTC for a weeks period. Paying back 3.90 BTC in one lump payback at the end of the contract. BTC is for trading in localbitcoins.com in which I have a rep of 20 trades and trade volume is between - 25 to 150 BTC (it's arround 40 BTC):

https://localbitcoins.com/accounts/profile/walkeran/

Here's the btcjam listing:

https://btcjam.com/listings/6574

Feel free to ask any questions and point me in the right direction if I did something wrong :)

Thanks in Advance!

Edit: Thanks to everyone supporting me, since the opening of this topic, percentage went from 4% to 16% :)

2nd Edit: Up to 22%!

3rd Edit: Up to 32%

4th Edit: Up to 37%

5th Edit: Up to 48%

6th Edit: Up to 59%

7th Edit: Fully funded!

Do you have any collateral? How can you pay back 3.9 BTC if you're going to sell it?  Do you have other BTC stored?  If so, why do you need this loan?

At the moment I don't have any other BTC stored and well it's selling/buying for bigger/lesser prices. I can provide any documents/details about myself. Can collateral be a iphone/hp tablet? In addition I'm a working as a part-time receptionist in one hotel, so if disaster strikes I should afford to add a top up to whatever would be left out of BTC.

As long as you're able to ship it cheaply enough that it's still worth the loan, an iPhone/Tablet is perfect collateral.

Yes, a very good collateral.  Since you have it on BTCjam you should send this to escrow or something, I'd be happy to invest a bit in you then :)

hi op. i'm tempted to invest in your btcjam listing as i find your localbitcoin account trustworthy.  however, just to be sure, can you post something in your localbitcoin profile that will prove that you own this bitcointalk and btcjam accounts?  thanks.

Ah, that's how it goes. I actually never used a collateral escrow, but which online escrow service "provider"(?) is the most popular/trustworthy?


That's alright :) :

https://localbitcoins.com/accounts/profile/walkeran/

If you look just under my nickname under top:

Alright, seems legit. I'll invest.

Hm, tried to invest but it says my balance is insufficient, even after it confirmed. Maybe it'll work after a while.
EDIT: Invested.

ok, i put a little investment.  i think the loan is approved (>70% funded), hopefully it will get to 100%.  goodluck!

https://i.imgur.com/NKrfUa1.jpg (http://imgur.com/NKrfUa1)

oh noh... you're kidding!  i hope it's not gone...  come to think of it, why did OP offered such a high interest rate of 30% in 7 days?  i wonder what kind of business he's doing?  walkeran, mind telling us how would you spend the 3 btc.  can you give us a good reason why you're giving a high interest?  can you PM me your personal details?  oh, these are the questions i should have asked before giving the loan.  i wonder why nobody asked.

walkeran, i have faith that this will turn out as a good investment.  please PM me your personal details (name, id, fb, address, etc), i just want to have an idea who i'm dealing with.  thanks.

I don't really think posts like these are useful. The loan seems legitemate enough, we'll see how it ends.

Well it reached 100% so fast. Thanks everyone for support :)



Sure I don't mind really. BTCJam asks for all documents, so I believe they trust their system. I'll send you the PM with all the details.

P.S. My biggest shock was that amongst investors there was a young kid :/ I'm feeling too old now.

That would probably be me. Hehe, no worries 'bout feeling old =P. I just have a few BTC and invest in good looking investments.

Post here once you pay it back so people can see :)

He went dark just as soon as he got the loan. Hmm.

Hm, worrysome. I think he'll pay back though, he's a verified user, has good reputation on localbitcoins. Step 1 : Denial

Amazing!  He is now overdue for his loan.  And he got 2 of them on BTCJam that will never be paid back.  Please be more careful in the future.

Doesn't BTCjam use net-arb?  Or are those for bigger loans?

Can't believe there are still idiots on BTCJam lending coins LOL

I-I-I'll just sit in a corner in shame for doing this loan ;_;

OP also hasn't visit his localbitcoin page, i don't know what happened to him.  is there a way to blacklist or leave negative feedback for him in localbitcoins?

Well, time to quit BTCJam...

6 posts and asking for an additional loan before the first one is paid back. That's a classic double dip. There was nothing legitimate about it.

Yes, I know. I made that post before he made the second loan. Again, I regret my decisions.

Sorry you got burned, man :(

Also, BTCjam's certificate is expired, that's what chrome says.. o.O

Also I guarantee this scammer has a new username or three and is still scamming on bitcointalk.

Mind giving us them?  So we can be careful  ::)

Feedback is 100% on localbitcoins, and he's got all 6 green "yes" on btcjam.
I'm guessing the btctalk account is fake/hacked and has no relation.

Can anyone send a pm to localbitcoins and btcjam accounts and/or to site admins to make sure about that, please?
I'd hate successful scammers being also able to forcibly shut down legit same-name accounts on other sites.

I think your info on BTCjam is a bit outdated.
Btcjam releases all the info they have on the borrower to the lender, if the borrower defaults, 90 days after the loan should have been paid(at least thats what they say).
BTCjam should use arbitrage for all loans after the 30 mars i think it was if they defaults and BTCjam pays the cost for arbitrage, seems like BTCjam is a bit late in that process thou as it was very recently people started to get arbitrage info on defaulted loans.
I take for granted that BTCjam also have to do the following up at the borrowers country in cases where people refuses to pay after arbitrage has been done as it would be very cost inefficient if maby 20-30 lenders had to apply seperately.

i got some identity emailed to me by this borrower (passport, credit card bill), which maybe other's identity.  although i think these are unuseful in claiming the btc back, just want to post something regarding this borrower.  is it ok to post here?

that is fucked up that is way it is hard for me to get a loan

Does BTCJam ever send these things off to arbitration? 
I've kept my eye on this one to see what BTCJam was capable of doing with the "documents" they collect.

Not true at all. You don't have to pay anything, and they do release the documents, but only the Addresses and such.