0.01 btc loan please (collateral)

[Accs 4 Sale]

Hi lenders,

I realise I am new here, but Could I possibly get a 0.01btc loan?

The reason is to renew my Express VPN service (since I live in China, a VPN is a must!)

I can offer my minergate.com cloudmining contract as collateral. I will repay the loan within 24 hours + 10% is that fair?

Here is a snapshot of my current cloud mining progress..

https://ibb.co/f5e9hk

Thanks

[Pearls Before Swine]

Youret on the wrong forum offering a cloud mining contract as collateral for a loan.  Either offer some altcoins worth 120% of the loan or get lost.   Noobs definitely have to give that much.

[Accs 4 Sale]

Ahhhh I see, thanks for the advice...

Unfortunately I don't hold any altcoins. Besides, if I did, I would likely convert them to btc and then wouldn't be asking for a loan.

Sorry to ask this noob question, but may I ask what is wrong with offering full control of a cloud mining contract as collateral?

Thanks

[swogerino]

Ahhhh I see, thanks for the advice...

Unfortunately I don't hold any altcoins. Besides, if I did, I would likely convert them to btc and then wouldn't be asking for a loan.

Sorry to ask this noob question, but may I ask what is wrong with offering full control of a cloud mining contract as collateral?

Thanks

Nothing wrong with it but I guess it won't be considered a valid collateral. Before asking for a loan it is always good to consult the main thread regarding collateral. Read it

https://bitcointalk.org/index.php?topic=577765.0

[Accs 4 Sale]

Ok, I think I understand..

Thanks for your patience, and understanding when a noob like myself gets it wrong.

I appreciate your advice

[chaser15]

Well even the story is genuine, no one will give you a loan here not just for the rank but for the collateral unless there is generous since the return is fair.

Why not used first your PRECIOUS THING before selling it? BTC0.01 is just a small amount as a bitcoin quantity and it's quite easy to achieved so you don't need to get a loan here.

If you understand then you may locked the thread now.

[Accs 4 Sale]

Im 24hours away from payday...

Asking for a loan is just being impatient.. forget I asked

Its no big deal