Bitcoin Forum

Hello

We are looking for a business loan of  40 BTC.  We have four projects planned in the crypto space.

We will payback the loan after 2 years with annual interest rate of 8%

We are completely new to this Lending forum.
 For now looking for inputs how to go about such loan amount. Any help would be appreciated. (E.g. is it better to get loan from a bank?)

Thanks

Yes. No one will lend you 40 BTC here.

its like announcing to the public to give you $800k+ without any details.

You may get this amount loan from the forum even that may come from several person but for that reason you must have details of the business as well as valid collateral. In this forum valid collateral might be reputed altcoin which can be sold at anytime at market price.

You may take from bank too in that case you must have valid collateral too. In that case valid collateral can be land, house, flat etc.

You will not be given a loan of 40 bitcoins, because there are ordinary hard workers with $100-500 in their pockets. Alas, this is the bitter truth. I wrote to Vitalik Buterin, but he doesn't answer me

I don't see why a user could not get a 40 BTC loan from the forum if they had the right collateral. Not that i would want to loan on BTC terms for 2 years, who knows what it could be worth in 2024.

Quickseller used to offer large loans i think, he used to advertise that he/she had up to 100 BTC to lend out.

Collateral?

That's a fantastic number,
Whether you are a trustworthy person or not, there are other risks that factor into your business plan. You should rely on comparable collateral, as with the defi loan method.

Or think of other ways besides loan, for example fundraising.

Tell him in which thread he can be busy fundraising?

40 BTC is a huge number. Nobody will risk so much money here, nobody will want to show they have such big amounts here. Also 2 years is a very long time.
Here I see mostly short-term micro-loans, not such big scale lending.

Then you have to provide proper collateral. There's a pinned topic on that, you may want to read. Simply, if you have the proper collateral you may be better off just selling that.


Even more, when I see people asking here for a "business loan" I pretty much think that somebody, again, just wants somebody act as "angel investor" for their business, i.e. give the money, take the risks and "we'll see".
So yeah, unfortunately I don't think that you have chances here to get such an amount of money.

Everyone reading this, be careful. Kudx order book is fake.

Edit: After a bit of investigation Kudx is 100% a fake exchange looking to part you with your coins. They will freeze your account and ask for more money to be deposited so they can unfreeze it for you. They advertise on TikTok a lot.

There's a whole thread in another forum with multiple people talking about how their accounts are locked.

It always facinates me how people can get these many green trust feedbacks just from playing with collectibles. Not that it matters tho, i mean let's be real here even if theymos himslef asked for a non-collateral 40 BTC loan will get declined, it's just a lot of money to be given out to a stranger on the internet.

Banks is the way to go imo.

The trust score is only for other's specific reference who want to make certain transactions, but should not ignore other considerations. People can be trusted only in their field. When we're talking loans and they're huge sums, it's a different field to just transacting $500-1k collectibles and more research should be done.

Perhaps if you didn't keep deleting your posts, we could evaluate your "worthiness" as a lender.

Besides, this needs to be moved to the "long term" lending section...

Hello all

Sorry. I missed to reply here.

The loan was to get new collectible coins (pure silver coins) minted with loaded values.

I have launched a series VIBGYOR (VOILET, Indigo, Blue , Yellow, Orange, Red). And thinking of launching two more series (Lost coin series and wonders Of the world series). VIBGYOR series Link here: https://bitcointalk.org/index.php?topic=5415734

Sincerely, forgot about the post as someone approached me to loan. (But turned out they were trying to scam us.)

Someone left a trust feedback (for us) so realised that there were replies to this post.

I, genuinely, thought that there wont be traction. So, completely forgot the post.

I work as a Full time software developer day to day and the loan will help me start something and quit the job and hire people with getting the coins catalogued, minted etc.

I also had an idea of creating numista style site for crypto physically collectibles. But don't have the funds to quit day job and work on this.

Hence was asking for the loan. Also, I realised the loan thing may not work because all I have to secure the loan is some Cas collectibles, etc.

So, I decided to invest money from my personal money from salary and get coins minted.


Thank you

ETA,  lost Bitcoin series : https://bitcointalk.org/index.php?topic=5426296.0

How could you forget about such a post made by you? Careless? This is not some casual amount that you post and forget lmao. You're really not serious enough. This makes anyone think that you may even take the loan amount (just assuming, since none would risk that much on ppl like you) and forget to pay lol.
Finally trying to get back on right track atleast. Good luck! And dont forget things so quickly if you want to be a successfull entrepreneur.

I had made the post and someone started chatting with funding the initiatives. But eventually, I realised they are trying to scam me.
After that, work at full time job, etc, kept me away from this.

Thank you for wishing good luck.