Bitcoin Forum

new to the site and i'm looking for a large loan or multiple medium loans totaling around 300 bitcoins. i know being new to the site that might have some trouble with that amount. any advise for me?

Depends on what information about yourself you are willing to disclose.

It's unreasonable to expect a loan without either 1) long, consistent reputation on this forum 2) a well-explained, viable idea you want to implement which will allow you to repay the loan, or 3) lots of information on you in meatspace (pay stubs, gov't ID, utility bill, security might be required) which shows you have income to repay the loan. Miners can also receive payday loans, and the app to handle that semi-automatically and very efficiently is nearing completion.

If you have #1, there is usually no need for #2 or #3 (though having #2 certainly helps). Without #1, you'll need both #2 & #3, and even then it may prove tough to secure a loan.

like what?

For what purpose do you need 300 bicoins?
Can you provide your ID and family references?
Do you have a car that you can secure the loan with?

My main question is always how are you going to get/make the BTC to pay back the loan with interest?

One week member looking for ~$1500.  Sounds legit to me.  Some idiot here will probably loan you the BTC with no references whatsoever. 

i can come up with references, i work and can pay it back. i'm thinking of a mining rig

Are you sure you can't get the loan through from sources other than this forum, like family members or friends?

Lol looks like psy or someone else predicted this happening correctly. Out of newbie jail -> straight to the lending forum.

so it's essentially an investment opportunity with a newbie. very risky, no benefits over mining companies.

and you still haven't explained why you want the loan

mining rig

IBM does not lend to anyone who does not know how to correctly spell the first person personal pronoun, sorry.  Good luck!

if i'm going to be talked to like that i have no problem withdrawing my request.  i feel like your coming off like kind of a dick. did you even have the coinage to backup saying that.

Like what Kluge said, you'll most definitely need to provide collateral and/or government identification and/or proof of income. if you can't provide any of those, you're just wasting everyone's time.

Seems like a good time to advertise WGSE (https://bitcointalk.org/index.php?topic=66208.0)

I wouldn't put in the full 300, but I would consider going in with other people if you had more reputation, a solid plan to pay back the money, valid government ID, references, possibly collateral as well.

You came to the forum and basically said "hello, you don't know me but I'd like a $1,500 loan". It helps to mention why you want the loan, how/when your going to pay it back etc etc. Would you ask a passer-by on the street for a lend of $1,500?

and i've done nothing but say , i can provide all three with a car as security. not that i'm really want to deal with people calling me a scammer.

You are the first person to mention scammer.

protip: helps if you can substantiate your claims. ;)

that sounds like someone calling me a scammer.  honestly it was for two butterfly singles if you're curious.

if you want to verify me you can send me a private text

Cost of two BFL singles: $1198.00 (http://www.butterflylabs.com/pre-order-form/)
Your request: $1425

 ???

also, you might want to know that BFL singles take a long time to arrive, so take that into consideration when it comes to your payback schedule.

and your point. i plan to throw in extra hardware for the system. i'm tired of arguing. send me a message just if you want find out if i'm who i claim to be.

my payback schedule is that i have a job and can payback in a month. i wanted to just get an order in as early as i could.

Earlier you said mining rig. Do you have a base computer to connect your BFL's to?

Also, you mentioned you have a car for collatoral, what kind of car is that?

My point is if your asking for a loan, tell us everything you can. If your buying mining equipment, tell us what equipment you have, what your buying, your electricity rates. If you have a car for collatoral, tell us all about that, what car is it and what year. If you have references & a job, mention that too. Don't ask for a loan and expect us to drag the info out of you. your best bet to score a loan is to give us all the information you can, nobody is going to fire you all of the $1,500, your much more likelier to get the loan by lenders going splitsies.

I'm not going to lend you anything because of your lack of reputation, but I'm just letting you know how people are supposed to acquire loans and doing it this way will greatly increase your chances of receiving a loan.

Yeah everyone else just implied it.


May as well save the money up and buy then by that time perhaps them clowns at BFL will have an actual shipping schedule worked out that gets people their goods in a timely manner.

i would rather not put all my personal info out on a web forum.  but as i said send me a private message and i will answer any question or provide proof of what ever.

I think your missing the overall point here.

What people are looking for, even for a newb, is at least some research on your part. Rather than just saying, I want a mining rig.

e.g.

I want to buy 2 BFL Mining Rigs that will generate 1.6 GH/s for a BTC income of 0.8 BTC per day estimating the current PPS rate at Deepbit.

And then the schedule of repayment over time, subsidized or not with your income.

Without the basics being done on your part, you are representing yourself poorly. It's like me saying, I want to open up a McDonald's Franchise. Someone loan me 5 Million. I'll look up how to run it later.

BTW. If you can offer your Car as security, hence you own it outright, it might be cheaper to use a Title Loan shop rather than pay the interest here. But, someone might take you up on it.

so is there a reason why you can't get a loan from your local bank/credit union/payday loan/credit card? the interest rates charged here are usually very high (5%-10%, 1 month, for a trusted member), so if you really do have collateral + stable job, you're better off with conventional lending places. even 30% APR credit cards have lower rates than what's offered here.

i'd rather support the bitcoin market.

Credit card rates are relatively low (often free [less merchant fees] if you pay it off before the end of the month). One-month rate on a Payday can be upwards of 200% equivalent-APR. Car title loans can be even more expensive. Credit cards for those without fantastic credit history tend to have low max limits. Bitcoin loans are fairly competitive with the market.

then why do you guys have a loan fourm?

>new user
>appears out of the blue from the newbie forum
>apparently has stable job, but still wants a very high interest loan for his "mining rigs", which turned into BFL singles.
>doing it to "support the bitcoin market"

seems legit

if you read the lending section, there were many scams, and immediately coming out of newbie section and asking for a loan is suspicious.

but i am sure someone will accommodate your request if you provide the appropriate documents/info.

what helps is that you stick around in the forum, no point in just signing up in this forum just to get a loan. increase your posts, buy and sell some stuff then ask for loan, it helps this way.

works great if you're trusted :P
https://bitcointalk.org/index.php?topic=64809.0

well nevermind then, all i was doing was putting a loan reqest out there but it says alot when i offered to verify anything about me but instead of anyone trying to,you all just bitch and moan.

can't blame them: lot of scams recently; everyone's on their toes

then why can't one person even check me out witout getting "f**k off scammer" posted. grow the f**k up

IMHO, you just joined. It takes balls to join the forum, and then ask for $1500 out of no where.

That's why people aren't sending you money.

Wow, I can't imagine why everyone isn't just throwing coins into your wallet as fast as they can. I think you should walk into a bank and speak like that to a loan officer, they will probably give you the keys to the vault and beg you to take their money.  ::)

Doin' it right: https://bitcointalk.org/index.php?topic=70015.0

Looking through the thread, I see most lenders have actually grown up now. No loaning without any thinking, like what we used to do earlier on.

OP, if you're legit and you intend to repay the loan, you should provide more information and see if someone from your area will loan you this. We're not apt to go cross-country to collect a loan when something gets fucked up. You may see that we're happy to give out loans easily, but we only do this for reputable people (people that we've loaned to previously and so)

If you're another scammer (we get em a couple of times monthly), fuck off and learn your grammer before even starting to scam.

Things to note:

The fact he knows how to properly capitalize and punctuate his sentences and how to spell "I".
He laid out his entire plan up front so I did not have to pull teeth to get information.
The postitive response he got - from more than one lender!

Try again, this time with a lot more research and time invested.

Thanks for trying to get these people to spell capitalize the letter 'I'.  I'm sure it's not a bad way to gauge the age of a person, and thus, the trustworthiness.

Yep. I feel more safe and secure lending to him as compared to your proposition.

Repaying 300 BTC with 1.6 GH is a bad joke. ::) if he isn't a scammer, he's at least a dreamer. OP, buy some equipment, mine your first 300 BTC, then come back here.

Yes, I am old and grumpy and I firmly believe that if these young whipper snappers cannot be bothered to expend the vast amount of time and energy it takes to press the shift key then I cannot be bothered to read their email, post or text message.

LIKEWISE, MY 1400+ POSTS DON'T HAVE MANY CAPITALS. JUST A HABIT i GUESS.

+1

Fuck the grammatically ignorant. You want people to respect you for who you are but ignore that who you are perceived as is due to your presentation in prose.

I don't mind when people call me a fuckwitt, because I honestly look back at my writing at 4am and think "What was I thinking!?". But with fluency in two languages, at least no one can call me illiterate.  ::)

English isn't my first language either(it's my third actually, not including those that I'm not proficient in), but I do make it a point to care for my language and grammar.  It's a personal preference I guess, but spelling badly on purpose ain't such a good way to show one's maturity.
He is trying to propose his business plan to us, and we should at least expect him to do this seriously.

To each his own I guess.

And we have come to know that education = intelligence (for better or worse) and people who kant2tyep probably can't fill out a business registration either, which brings their entire understanding of professionalism into question.


Don't back down. People who are intending to do business should conduct themselves in a professional manner. Take me for example, I troll like a hound, and I joke and enjoy life, but if I were going to a meeting with a bank manager regarding the selling of shares, the very most I would do is inject a few puns for a smile-- I wouldn't go there and talk like a retard, dress like a gangster and get upset when people don't take me seriously--- if anything, I'd do all of those things and expect them not to take me seriously. In fact, it sounds like a skit I will probably end up doing and uploading to youtube.

Fucking these lazy assholes and their lack of respect for the language they pretend to wield. You want to communicate with me, learn to use my language. That's the reason I learned Korean-- not because I needed to, but because I wanted to communicate with respect to Koreans.

It isn't being grumpy, I think you're wippin' 'em into shape.  I feel like someone's grammar, spelling, and punctuation all say something about their character and their trustworthiness. If he can't press the oh-so-out-of-the-way shift key, how can I trust he can properly run any sort of mining rig?

Seems fishy....

Funny how he hadn't posted since it became clear that he want getting any free money.

In fact, the only postings of his outside the Newbie area are in Lending and Marketplace.

because whats the point in talking to any of you if you're just going to call me a scammer

No, I meant you hadn't posted anywhere on the forum, not just in this thread.  That tells me you have absolutely no interest in Bitcoin other than a means of grabbing a quick buck, never to be seen or heard from again.

When you take great offense to being called a scammer it just reinforces the claims. That or you're really young and have no business sense. Either way, not a smart loan.

A mature business man is going to realize the risks that come with loaning (especially online via BTC) and work with his lenders to build confidence. When you get huffy and upset at people for simply looking out for themselves it says a lot.

Gain a few more years and some experience or work on your social engineering skills. The woe is me routine won't have much success.