Bitcoin Forum

Hi guys!

I need a loan of $10k and I'm willing to put $5,000 on the line as  to show you how serious about this I am. I'll repay the loan with in a 7 day period and willing to provide more information  for peice of mind to the lender.  Please contact me on telegram @galactivale or or post your telegram Bellow.

Edited: I know I'm a newbie so don't remind me

Collateral should be 120%.

Made adjustments. Few mistakes were corrected.

What is the purpose of your loan? If for example you are wanting to borrow $10k worth of bitcoin in order to sell it for USD with the hope you can buy the btc back at a lower price (effectively shorting btc), a lender may be able to help you if you are willing to let the lender, or someone you both trust to hold the $5k worth of coin plus the loan proceeds until the loan is repaid. The loan could be repaid with coin from the collateral + loan proceeds.

If you are merely wanting to put up 5 grand to take out a 10 grand loan that you can freely spend on anything, I would find it unlikely any sane lender would be interested in your proposal.

You can run away with your newbie account and the rest 10k - 5k which makes it another 5k dollars. Whats the harm in that? ;D

Try going to the bank and telling them this story and they will surely give you a nice "peice" on your bum for asking for a laughable tradeoff.

If you are serious about getting a loan you need to offer a bigger amount of valid collateral like shasan said.

No need to know the purpose. For the purpose, any lender will not change their mind. There is no lender who will give 10k$ loan by taking 5k$ collateral to a newbie. And I think no lender will give 10k$ loan to a newbie by taking 9980$ as collateral.

As I mentioned, the OP could possibly give $5k in collateral in a transaction that resembles a margin trade. The lender would actually be holding onto $15k to secure a $10k loan.

No hurt feeling OP but this sounds like:
I am a scammer and I am planning to scam $10k from someone. If there are any kind hearted user then you can give me the money. I promise you will never see me again. Contact me on telegram @scamvale :-P

If you really need to borrow $10,000 and have $5,000 collateral, then your only real option is to take out a margin loan on a platform like BitMEX or similar.

You will never be able to take out a true $10,000 loan with only 50% collateral.

However, $4,000 seems like a more realistic sum.

If you know a way to make 5000$ in a week let me know!
Or maybe this is your way... You send 5k to make the lender trust you, and you disappear when you get the 10k?

Anyway if you have a valid collateral, more than 100%, 120% would be better but 110% is OK, I can accept your request!

Nobody has given this guy negative trust? It’s negligent towards the community not to imo with this kind of ridiculously untrustworthy loan request.

Leave it to me  ::)

Now there's 4, including a yellow warning box on his profile :)

Do you provide other info as collateral?
5k for a 10k loan? Too much risk.