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Author Topic: [With Collateral] Need 1.00 BTC Loan, Interest 20% Repay 1.20 BTC in 2 weeks max  (Read 1295 times)
Quickseller
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April 02, 2015, 02:08:12 PM
 #21

Why don't you borrow the money from one of the people who would be willing to buy it for $400 or for $800? They should be more then willing to lend you 1BTC for your collateral as a worse case scenario would be that they make .2 btc from the loan and a best case scenario would be that they buy it for ~$250
Pushtheghost
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April 02, 2015, 02:09:01 PM
 #22

I just did some research of this item you're referring to. It's the "Karen's Axe", right? If so, there is nowhere online I can see where any offer of a substantial value has been made for this item, and I found a lot of posts from various players trying to sell them.
Quickseller
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April 02, 2015, 02:10:41 PM
 #23

Why don't you find someone who is willing to buy it for $400 and can pay for it now. Then I will lend you the 1BTC that you are looking for and if you repay the loan I will refund the buyer and return the collateral to you. If you default then I will simply complete the sale and sell your collateral to the buyer for $400
sunstreakeer (OP)
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April 02, 2015, 02:17:26 PM
 #24

I just did some research of this item you're referring to. It's the "Karen's Axe", right? If so, there is nowhere online I can see where any offer of a substantial value has been made for this item, and I found a lot of posts from various players trying to sell them.

Karen is 114 axe, that's 115 cap.
Its King Albireo's Axe, there is only 3 of it on the server I am playing which is Epith, Karen Axes are around 200~250$ at most right now, King Albireo's Axe is 125 Axe released after new cap release which was released 2 months ago, and there is only 3 of it on my server and people willing to buy it from all servers because they are merging servers together soon.

I can get you into the facebook groups of the servers and you can ask and check for yourself about both axes.

@Quicksilver
Those who priced the Axe for me are friends, they don't really have that much or willing to lend me that much, cause of the hustle of sending the money and going to the WU office etc. since none of them know anything about Bitcoin, I tried actually shouting in there asking if anyone know about Bitcoin hoping that someone does and might help me instead or I could sell him in-game golds.
Those who would be willing to buy my axe are people I don't know who want my axe, and I wouldn't want to see my axe being stolen for 250$, I need my axe as I still play, I need it for when the server merge happens to help my guild take over the world boss in the merged server, my axe is so valuable and even my guildies don't want me to sell it.

@Your last post Quicksilver, nobody would be willing to have their $400 being held for 2 weeks ...
Quickseller
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April 02, 2015, 02:23:42 PM
 #25

I don't see why they wouldn't be willing to have their $400 held for two weeks if it means they can buy it for a 50% discount. I'd even be willing to pay a small amount of interest if I end up not being able to deliver the weapon (in the extremely unlikely event that you actually repay your loan).

If someone is willing to buy it for $800 then they should have no problem lending you $250 for two weeks. If the people saying it is worth $800 are not actually willing/able to pay that much then their statement of its value is meaningless   
sunstreakeer (OP)
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April 02, 2015, 02:27:10 PM
 #26

I don't see why they wouldn't be willing to have their $400 held for two weeks if it means they can buy it for a 50% discount. I'd even be willing to pay a small amount of interest if I end up not being able to deliver the weapon (in the extremely unlikely event that you actually repay your loan).

If someone is willing to buy it for $800 then they should have no problem lending you $250 for two weeks. If the people saying it is worth $800 are not actually willing/able to pay that much then their statement of its value is meaningless   

Does knowing a price of something but not being able to afford it means its not worth that? how come o.o, doesn't make sense in any logical way.

And I stated, its because I don't know the people who would buy since they are from across all servers, they won't let someone hold $250 for 2 weeks, its like I am telling them let me take free $250 from you and scam them from you and you will never see me again, people wouldn't want their money held for 2 weeks, I wouldn't want that either, unless they know you and they doing it as help.
Quickseller
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April 02, 2015, 02:31:05 PM
 #27

I would be willing to use escrow with a more reputable member of this community if any party does not think I am sufficiently trustworthy to hold the btc.

If you do not actually have someone willing to buy it for as much as you claim it is worth then it is not worth that much. That is simply how the market works. Something is only worth as much as someone is willing to pay.
Pushtheghost
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April 02, 2015, 02:31:18 PM
 #28

Does knowing a price of something but not being able to afford it means its not worth that?

Yes. Especially when there's nothing setting the price of an item. Can you show a price one has sold for before? If I say bitcoins are worth $50,000,000 each but nobody can afford to pay that amount, then a bitcoin isn't worth $50,000,000 and my valuation of said bitcoin is meaningless.
sunstreakeer (OP)
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April 02, 2015, 02:42:53 PM
 #29

Does knowing a price of something but not being able to afford it means its not worth that?

Yes. Especially when there's nothing setting the price of an item. Can you show a price one has sold for before? If I say bitcoins are worth $50,000,000 each but nobody can afford to pay that amount, then a bitcoin isn't worth $50,000,000 and my valuation of said bitcoin is meaningless.

Yes that is true, but bitcoin price is already decided by many websites, the Axe is really rare, and those who have it never sell it that's why its hard to find someone selling and I sent you to your PM the proof you asked me for and I can provide more if you need.

There was one that was sold for $2000 2 months ago, but it was first on server and the person who got it had it from Event so he wanted to sell it, a rich person from our server paid $2000 for it to be the first person on the server holding the Axe.
sunstreakeer (OP)
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April 02, 2015, 02:47:30 PM
Last edit: April 02, 2015, 04:17:44 PM by sunstreakeer
 #30

Does knowing a price of something but not being able to afford it means its not worth that?

Yes. Especially when there's nothing setting the price of an item. Can you show a price one has sold for before? If I say bitcoins are worth $50,000,000 each but nobody can afford to pay that amount, then a bitcoin isn't worth $50,000,000 and my valuation of said bitcoin is meaningless.

Here is a proof of how much the first one was sold from the Master of my guild, I can provide proof for that too if you want -.-
Not gonna wipe any names out anymore so you don't think I am faking anything ....
http://i59.tinypic.com/30v19fo.jpg
sunstreakeer (OP)
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April 02, 2015, 03:11:07 PM
 #31

Here I am trying my best to give you the proof you want, sitting all here wasting my time just to try and prove to you I am not a scammer and that the Axe is worth way more than $500 but in exchange all I am getting is just more negative reps saying I am a scammer.

I sent that guy push more proof and I been here all time trying to get you more proves and said I would prove it in any way you want whether team viewer or getting you into page or getting you on game, but still, its not enough, or maybe you just don't wanna believe me either way and insist to call me a scammer just because I am new here.

Anyway thanks ...
sunstreakeer (OP)
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April 02, 2015, 03:20:20 PM
Last edit: April 02, 2015, 04:18:31 PM by sunstreakeer
 #32

Here is a chat with someone just now who I know would have been interested in the Axe
http://i58.tinypic.com/91bew7.jpg

I don't know how else to prove it, I could show all that over skype or team viewer to prove its not fake and those people are not my alts, its obvious and I wouldn't take to myself for ages since all of those people with old messages with me.

Here I proved you that someone would be willing to buy it for 500 cash today he said, he is a cheap ass so he think I would let him get it cheap ....

IS THERE ANYTHING ELSE I CAN DO ?
Josef27
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April 02, 2015, 03:26:44 PM
 #33

You can only put a valid collateral, sorry. It's not easy to trust someone here.

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)
sunstreakeer (OP)
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April 02, 2015, 03:32:31 PM
 #34

You can only put a valid collateral, sorry. It's not easy to trust someone here.

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)

I don't see anything that could possibly refer to my collateral except "Item not in hand" which I offered to give the item first (if the person is trusted) or use escrow before I get my loan, I provided WAY MORE THAN ENOUGH proof of the value of my item, its just whether someone will be willing to download the game and accept such type of collateral or no, but you can't come and tell me that its not worth what it is worth just because you wouldn't accept it ....
Quickseller
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April 02, 2015, 03:34:09 PM
 #35

Here is a chat with someone just now who I know would have been interested in the Axe


I don't know how else to prove it, I could show all that over skype or team viewer to prove its not fake and those people are not my alts, its obvious and I wouldn't take to myself for ages since all of those people with old messages with me.

Here I proved you that someone would be willing to buy it for 500 cash today he said, he is a cheap ass so he think I would let him get it cheap ....

IS THERE ANYTHING ELSE I CAN DO ?
If that guy can buy $500 worth of bitcoin via LBC then I will sell it to him in two weeks for that much bitcoin once you default on your loan. He would need to pay prior to me giving you the loan though. Tell him to create a bitcointalk account if he has not done so
sunstreakeer (OP)
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April 02, 2015, 03:37:33 PM
 #36

Here is a chat with someone just now who I know would have been interested in the Axe
http://i58.tinypic.com/91bew7.jpg

I don't know how else to prove it, I could show all that over skype or team viewer to prove its not fake and those people are not my alts, its obvious and I wouldn't take to myself for ages since all of those people with old messages with me.

Here I proved you that someone would be willing to buy it for 500 cash today he said, he is a cheap ass so he think I would let him get it cheap ....

IS THERE ANYTHING ELSE I CAN DO ?
If that guy can buy $500 worth of bitcoin via LBC then I will sell it to him in two weeks for that much bitcoin once you default on your loan. He would need to pay prior to me giving you the loan though. Tell him to create a bitcointalk account if he has not done so

I will just tell him that you are willing to sell it for $500 worth of bitcoin in 2 weeks, but he sure won't charge bitcoins before I am sure gonna sell or of course, default the loan which won't happen cause last thing I would want is to lose my Axe lol, and ask him to make account here and send you PM or ask him to msg you from his fb or what you prefer?
Quickseller
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April 02, 2015, 03:42:45 PM
 #37

Here is a chat with someone just now who I know would have been interested in the Axe


I don't know how else to prove it, I could show all that over skype or team viewer to prove its not fake and those people are not my alts, its obvious and I wouldn't take to myself for ages since all of those people with old messages with me.

Here I proved you that someone would be willing to buy it for 500 cash today he said, he is a cheap ass so he think I would let him get it cheap ....

IS THERE ANYTHING ELSE I CAN DO ?
If that guy can buy $500 worth of bitcoin via LBC then I will sell it to him in two weeks for that much bitcoin once you default on your loan. He would need to pay prior to me giving you the loan though. Tell him to create a bitcointalk account if he has not done so

I will just tell him that you are willing to sell it for $500 worth of bitcoin in 2 weeks, but he sure won't charge bitcoins before I am sure gonna sell or of course, default the loan which won't happen cause last thing I would want is to lose my Axe lol, and ask him to make account here and send you PM or ask him to msg you from his fb or what you prefer?
Well I am not going to lend to you before the weapon is paid for, so he will either need to allow me to hold the bitcoin until I can officially sell it to him or the funds will need to be held in escrow until I can officially sell it to him. I am not going to take an empty offer from some random person as proof that it can be sold for that much.
sunstreakeer (OP)
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April 02, 2015, 03:50:00 PM
Last edit: April 02, 2015, 04:19:12 PM by sunstreakeer
 #38

Here is a chat with someone just now who I know would have been interested in the Axe
http://i58.tinypic.com/91bew7.jpg

I don't know how else to prove it, I could show all that over skype or team viewer to prove its not fake and those people are not my alts, its obvious and I wouldn't take to myself for ages since all of those people with old messages with me.

Here I proved you that someone would be willing to buy it for 500 cash today he said, he is a cheap ass so he think I would let him get it cheap ....

IS THERE ANYTHING ELSE I CAN DO ?
If that guy can buy $500 worth of bitcoin via LBC then I will sell it to him in two weeks for that much bitcoin once you default on your loan. He would need to pay prior to me giving you the loan though. Tell him to create a bitcointalk account if he has not done so

I will just tell him that you are willing to sell it for $500 worth of bitcoin in 2 weeks, but he sure won't charge bitcoins before I am sure gonna sell or of course, default the loan which won't happen cause last thing I would want is to lose my Axe lol, and ask him to make account here and send you PM or ask him to msg you from his fb or what you prefer?
Well I am not going to lend to you before the weapon is paid for, so he will either need to allow me to hold the bitcoin until I can officially sell it to him or the funds will need to be held in escrow until I can officially sell it to him. I am not going to take an empty offer from some random person as proof that it can be sold for that much.

And you expect someone to approve that? you would accept to be like him and just have another random guy having your money in 2 weeks for something you don't even understand? cause its not his business I am trying to get a loan and you trying to get him a part of it while he shouldn't.

You know what, I have shared too much stuff, too much private conversations and my own fb and friends for all of this shit and I am still being called a scammer.

Fuck this shit, I don't want a loan anymore, I will just sell the Axe for 700 or 800 bucks and do what I wanted with the money, my business is more important than the game and than wasting my time 24/7 trying to give you proof that you will deny before even seeing it just because you don't wanna believe it.

Its impossible to convince someone who is already convincing himself the opposite of what you are trying to convince him.

#Closed and thanks for anyone who was open to help anyway and was just looking for more solid proof instead of just attacking me just for the reason I am a newbie here and nothing else.
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