If you already have the money in... Whatever crappy alt that is, Then why do you need a loan? You obviously could just sell the alts to buy BTC or ETH. Your post makes no sense unless you are just trying to scam someone, then it makes total sense. You are never going to be a successful criminal unless you make your scams more believable.
I do not want to sell my ICX I have tokens worth 270k$ They will be as collateral. I'll take a loan only from a person with a great reputation here I will provide all the evidence to him But the thing is you have the money. You could "loan" yourself $200000 by cashing out your ICX then buying it back with the money you intended to repay with. This would save you $60000. Which, by the way, is an insane amount to pay for time value over 10 weeks. You are asking people to loan you money and your collateral is money. This does not compute. People with $270000 in cash do not ask for a $200000 loan and use the cash as collateral. But if you are serious here are reasonable terms that someone may agree too. 1. Secured collateral totaling more than the loan held in escrow until repayment. You will send the alt-coins to an escrow who will release them to you upon repayment or the loaner if you fail to pay. 2. A signed and notarized contract obligating yourself legally to repay. Lastly think about how this loan is denominated. If repayment is in dollars then what would happen if the value of BTC dropped by half tomorrow? You now have half the money but owe the full amount. Even though you may want to pay, you might not be able to. |
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Okay man, sure. Another warning from a nubie. I have gotten so rich ignoring crap like this.  |
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The sad news is that since it is against the TOS to trade BTC using PP, they are unlikely to help you in any way.
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I guess before the mark figures out the scam?  |
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- Stay the hell away from alts, ICOs, deals, air-drops, etc.
- Buy at a licensed exchange in your country.
- Run a full node wallet like Core and make secure backups of your private keys. (EXTREMELY IMPORTANT)
- Don't leave money on an exchange if you can help it. Just fund your account, buy BTC, then transfer the BTC back to your wallet.
- Keep track of what you paid and any profit you realize. The tax man will want his cut also.
- Lastly, try spending your coin rather than selling. You will receive more profit this way.
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If you already have the money in... Whatever crappy alt that is, Then why do you need a loan? You obviously could just sell the alts to buy BTC or ETH. Your post makes no sense unless you are just trying to scam someone, then it makes total sense. You are never going to be a successful criminal unless you make your scams more believable.
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Despite what you thought, this is exactly the way bitcoin is supposed to work. There is only supply and demand, nothing else. Every user is completely free to sell whenever they like. That will always mean a highly volatile market.
If the NYSE or other world markets were free they would do the same. They are not free however, and are tightly controlled. So if the stock market starts crashing hard they shut it off. No one can do that with bitcoin. In the 1800 the NYSE crashed and rallied all the time.
I think the confusion is about what bitcoin is. It is money, just money, nothing else. It is not your friend or here to make you rich. It has no interest in your ambitions whatsoever. The advantage for you is that you alone own bitcoin. The network will treat you the same if you are rich or poor, in the Arctic or in NYC. Fair money is not magical, just fair. So you and I don't get to decide what happens, no one does. We do it together.
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In my experience you can't give away bitcoin in Southern Africa.  I'm giving some away now but nobody seems to want it.  |
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No one is going to send you an irreversible payment in the hope that you send them a reversible payment. You will need to use escrow if you are serious.
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Why do so many people listen to a guy with no knowledge about bitcoin? I have heard him say it's risky because "This Satoshi guy could have hidden something in it". Utter foolishness if you understand open source.
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Is there ever a day that bitcoin doesn't die? How many time have I seen these threads since 2010? Hundreds? Thousands? |
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You may also want to consider used children's books. When I start a new language that is what I work on first.
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It's not that I disagree, it's just that I know they do not have the data to really show that.
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The problem with this kind of service is that credit card transactions are reversible. Bitcoin's is not. Because of this, I imagine that a lot of criminals would use this kind of service to make Bitcoins from stolen credit cards.
Why don't you just accept credit cards payment, and buy Bitcoin with the money afterwards?
Because my shop sells cigarettes. And none of the companies would work with tobacco. But there is a lot of people who want to buy cheap cigarettes, in AU cost per pack is around 25$.... That's a bummer. I have run into a similar restriction while helping a gun shop accept bitcoin. I don't know your margins or how many BTC sales you do, but what about doing it yourself? It is not hard to accept them. A restaurant near me just has a QR code taped to the register. To pay in BTC you just scan and enter the amount. Whenever the owner wants to turn some into fiat he sells it at Coinbase. It is a little more work, but setting up an account to trade is no more work than setting up the payment processor. Unless you are doing a lot of bitcoin sales this may be a once a week or month task. |
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... Since government does not recognize cryptos as legal tender, the agreement has to be made in national currency.
At least where I live that's not true. You can sell a house for potatoes if you want. But the taxes on the house need to be in fiat currency, so you still need some cash. |
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I think this is great! The link you have is also a super source. But give this user a break, this is a nice layout for those new to BB. He did something helpful.  |
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Using safe hardware If you really want to be safe on the networks it should start with a trustworthy computer. Go get these things: 1. A crappy used computer with a big HD. It does not need speed or big memory or anything fancy. It doesn't even need a dedicated monitor. I can find a computer like this for free to $150. An old office or family PC with a HD upgrade works well. 2. Create a Linux install disc, an "ISO disc". You probably already have the tools to do this on your computer. The Linux OS is a far better choice for security. If you are new to Linux you may want to download Ubuntu. It's free, secure, and very easy to use. Even if you are completely new to installing an operating system you will be able to do it. Besides, if you mess up just start again. https://www.ubuntu.com/ https://en.wikipedia.org/wiki/Ubuntu_%28operating_system%293. Install only the minimum software to get it stable online then install a bitcoin node wallet like Core. Perhaps it is worth downloading trusted VPN software also. But lie if they ask who you are and only pay in bitcoin. They don't kneed to know who you are to do their job. Select to only apply Ubuntu "security updates" and do install them as they are released. For added security you can compile bitcoin Core locally from source code. If new to all this then download from the most trusted sources. https://bitcoin.org/en/downloadhttps://www.privateinternetaccess.com/4. Now turn it on, run your wallet and forget about it. This is your wallet now, not a computer. I would not surf the web or use it for anything else. Just keep it synced for when you want to move your money. If you buy something online you will be presented with a public key to pay. But any computer anywhere can pay that address, so you can plug in a monitor and use your wallet/computer. It will offer full blockchain security and will already be synced. And watching your shopping computer will not help an attacker get to your wallet. Keep in mind that you can throw away all this high security by: Downloading compromised or malicious software Telling people your passwords Writing your passwords on the bottom of your keyboard Failing to make backups of your wallet - An absolute must! Hope this helps! |
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They are almost all scams. Why would the world need another coin at this point?
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Yes it can? What's with turning a statement into a question? Look at the title. LOL |
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Let me guess, "Sach's bucks" are the crypto of the future. |
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