Ban evader last post one month ago - a week overdue with $2,200 loan

[DaveF]

And he just paid back a loan that I gave him for a month in a few days still gave me full interest.

At a guess something closed out at a nice profit for him when BTC capped $80000 yesterday and a bunch of other coins / tokens also spiked way the hell up.

I *think* I know what he is doing in terms of trading and arbitrage. And just using OPM to do it with.

Not a bad concept. Yes giving away 10% is a lot but if you turn $1500 into $2300 do you care if you only net $650 instead of $800?

And since he is taking the loans for a month if it does go boom I am guessing he has a job and can just pay back out of pocket.

It is still the choice of the people making the loans.

Yes it's a couple of guesses on my part, but it's my money....

-Dave

[BitcoinGirl.Club]

You have a good point! But to make an exit scam you need to be able to take a very huge amount so you don't end up in a loss from all the interest you have paid from the previously loans so I don't think its a easy task.
But it's very strange to take loan very often and just giving away interest month after month, if you already have the money it's not the brightest idea.
Better to avoid to borrow money at all cost. 

We already have a few examples of the type of exit scams. Anyway, I don't want to continue on this thread about it since every has settled between TryNinja and his borrower.

[AHOYBRAUSE]

Exit scam.

Not yet. I just checked that the debt has been paid.

However, I have a feeling that at some point we will see an exit scam. It's a classic strategy to scam a lender. Take small loan, repay in time. Slowly increase the amount and continue repayment. Increase the amount more and still continue the repayment. Then at some point take a very large sum and disappear for good. We have seen it all.

No disrespect to HedgeFx, I hope he is honest and will never think of any wrong doing.

Well, after the amount of loans he had in the past this would be the worst scam of all time since Hedge paid more than 2000$ in fees over the months/last year.
So even if he scammed 2k now he would actually have lost money from all the fees he paid over the last months. Of course we never know what happens in the future but that's the way I see it.
Also people here are not stupid. Of course it would look off if he suddenly increased the loan amount from a previous 2k to suddenly 5k.

[BitcoinGirl.Club]

Also people here are not stupid. Of course it would look off if he suddenly increased the loan amount from a previous 2k to suddenly 5k.

Increasing $2k to $5k will not look so suspicious to be honest. A person who have record of taking $1k to $2k regularly and paying it in time, repeating it for many months may not create a doubt at all.

Anyway, I think OP needs to lock the thread. I can only wish good luck to the lenders and the borrower. Trust is a very important virtue for a man. Let's trust the "trust".