Bitcoin Forum

Dear members, i just signed up a moment ago and learned about the potential of bitcoins 5 days ago and this stuff's been driving me crazy and can't sleep.

Anyway, i'm requesting any helpful information you can give me to get a loan approve, i see quite a few lenders around here. What can i do to get collateral? What is escrow?
I'm thinking of shorting bitcoins and accumulate a few before 2018. With enough bitcoins i might consider becoming a lender myself. Cheers.

No Collateral No Loan, thats how it works.

Read here for acceptable Collateral https://bitcointalk.org/index.php?topic=246874.0

I new know There are other parties who provide loans to the needy.

Thanks for the replies. Not that i'm realllllly needy of cash. But I'm currently studying business and I've always been fascinated by the concept of making money. Still learning on what i could provide as collateral or trading even. My account is too new i suppose. Right now I do have some money to invest and play around until i'm experienced enough to join the big guys. Glad to see there is a whole community around bitcoin

If you have money , you can buy bitcoin.
I don't understand why you want a loan as long as you have money ?

1. You learn about BTC and it's potentials (1st lol) five days ago and you can't sleep...Then don't. Btw we know that you are a "newbie" here and you just signed up, it's written under your "name". (2nd lol).
2. If that was true and you are so "excited" and newcomer in crypto world, then you will read as a maniac and not asking for a Loan. Especially at this Forum.
Read, read and...read, thats what a newbie does for start. You will find ways to get BTC and the simpliest is to buy. Not to borrow.
3. What is "enough" for you, if you don't have a single satoshi and the first thing coming here is to ask a loan? (3rd lol)
Oh yes, it's because you want to be a...lender yourself with others BTC...(4th lol)!
4. Consider to open a new Account here, this one will soon be...coloured/dust. Until next time "newbie"... ::) :D

The only thing I would suggest if you really want to learn more even though I find that hard to believe because within 5 days, you already know about shorting and other technicals that even some high rank member don't know in details. I would suggest you just stay away from the part of the forum until you have the requirement that is needed or else, that account might be painted for you. My advise though.

I understand that everyone is skeptical about others when it comes to money. I would be too.
I know about shorting in general because i already said that I'm studying business and finance is a big part of my course. I heard about bitcoins in 2014 i think from a watchmojo video on youtube. I'd buy back then but i saw the price of $600 per bitcoin and i remember thinking it was too expensive. Some days ago when i saw the current price i couldn't believe it. Anyway thanks for the advise. My intentions were to take a loan in the future and i just needed to know the requirements. Cheers.

read this:  https://bitcointalk.org/index.php?topic=246874.0

whats the meaning for asking a loan , first you should read all the rules this forum has , second  , if you have money   buy bitcoin , third , you need to understand why giving a loan to a newbie  its pretty much impossible .

I would suggest people to avoid these type of request. If someone is new to bitcoin, there is a high chance they are new to cryptocurrency and wont have any altcoin to put up as collateral. Also, it tells me they have no intent of repaying the loan. If OP is serious, getting or even asking about a loan is a worse idea. Go buy bitcoin at an exchange or locally, learn about how it works (best to play around with testnet to get an understanding).

Hello guys, just want you to know that i was ignorant and i did my homework and have a much better understanding on how things work around here. Again thanks for your kind responses. I did recently invested AUD1,500 in Bitcoins btw. I don't think loans or signature campaigns will work for me. Trading and long term holding maybe. And i'd rather use my spare time to accumulate some programming skills to use as service later.

Do you understand what did you post? No one can maximise any chanse of getting loan and that words means you want to get high loan with low rank and you are looking some tips for that, no way. Even rank don't determines loan, collateral is anything that worths some $ but lender has to accept that collateral to give you a loan. Also if you are so involved, buy bitcoins with money, it's super easy and there is no need of loan here. If you don't have enough money, try real life jobs or collect it.

You need to have a good loans history to get a big amount + positive trust. Nobody will give big loan for person without trust.