Bitcoin Forum

Economy => Service Discussion => Topic started by: forzendiablo on September 23, 2014, 12:36:38 AM



Title: BTCJam how secure it is?
Post by: forzendiablo on September 23, 2014, 12:36:38 AM
i was looking at BTC jam site butmy question is.. how secure it is?
what secures me from guy tht i lend money to pay me back
what secures me from btcjam going ponzi

please help as i cant find much info on this


Title: Re: BTCJam how secure it is?
Post by: btcjamads on September 23, 2014, 05:07:43 PM
i was looking at BTC jam site butmy question is.. how secure it is?
what secures me from guy tht i lend money to pay me back
what secures me from btcjam going ponzi

please help as i cant find much info on this

Hi forzendiablo

I can assure you that we are not a ponzi scheme. And while we can not guarantee that each individual borrower will pay back, our repayment rates are 87% and if you diversify well you should be able to create a great return. You can have a look at our stats page to see the returns that are possible: https://btcjam.com/stats

I strongly recommend diversifying into 50+ different loans to avoid being pulled down by any individual user.
Here are recommended ways to invest on the platform: http://blog.btcjam.com/post/75934926878/the-3-rules-of-peer-to-peer-lending-for-investors

And here's a 1 hour video of me explaining the platform and how to use it:
https://www.youtube.com/watch?v=p9fvxhVH1pc

let me know if you have any further questions

Flavio/BTCJamads


Title: Re: BTCJam how secure it is?
Post by: Minnlo on September 23, 2014, 07:22:40 PM
You can have a look at our stats page to see the returns that are possible: https://btcjam.com/stats

How is the "total investor return" stat calculated?
I can see the investor return for A-rating bitcoin loans is 29%, so is it that the lenders can get 29% profit on average from each of the A-rating loan?



Title: Re: BTCJam how secure it is?
Post by: btcjamads on September 23, 2014, 08:58:17 PM
You can have a look at our stats page to see the returns that are possible: https://btcjam.com/stats

How is the "total investor return" stat calculated?
I can see the investor return for A-rating bitcoin loans is 29%, so is it that the lenders can get 29% profit on average from each of the A-rating loan?



If you invested in all the loans since Jan 1st 2014 that were A rated, you would have made 29% ROI on your money (that is of course only on the money that was due until today, parts of those are still outstanding)


Title: Re: BTCJam how secure it is?
Post by: ozycash on September 27, 2014, 04:47:28 AM
You can have a look at our stats page to see the returns that are possible: https://btcjam.com/stats

How is the "total investor return" stat calculated?
I can see the investor return for A-rating bitcoin loans is 29%, so is it that the lenders can get 29% profit on average from each of the A-rating loan?



If you invested in all the loans since Jan 1st 2014 that were A rated, you would have made 29% ROI on your money (that is of course only on the money that was due until today, parts of those are still outstanding)

does that also include all the a rated scammers, or just the ones that paid back their loans?


Title: Re: BTCJam how secure it is?
Post by: williamj2543 on September 27, 2014, 04:54:00 AM
Good site, got some payouts already. Good design and some experienced users on there. Make sure to diversify and be cautious.


Title: Re: BTCJam how secure it is?
Post by: btcjamads on October 02, 2014, 08:07:00 PM
You can have a look at our stats page to see the returns that are possible: https://btcjam.com/stats

How is the "total investor return" stat calculated?
I can see the investor return for A-rating bitcoin loans is 29%, so is it that the lenders can get 29% profit on average from each of the A-rating loan?



If you invested in all the loans since Jan 1st 2014 that were A rated, you would have made 29% ROI on your money (that is of course only on the money that was due until today, parts of those are still outstanding)

does that also include all the a rated scammers, or just the ones that paid back their loans?

The returns shown here are net of defaults. So even if someone is 1 day late, the calculation will show this as a 'loss'


Title: Re: BTCJam how secure it is?
Post by: forzendiablo on October 10, 2014, 01:53:43 AM
i got osme payouts too.

share your recommendations on investmens ;)