What do you think of reputation loans? - Is it the safest investment?

[BigBoy89]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

[ajareselde]

That looks to me more like investment than it is a loan.
I find it best to keep things simple; need a loan, take one - want interest, give loans. Reputation will build itself eventually, unless someone is obviously taking loans without the need for one (buying trust)

cheers

[stallion]

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

[BigBoy89]

That looks to me more like investment than it is a loan.
I find it best to keep things simple; need a loan, take one - want interest, give loans. Reputation will build itself eventually, unless someone is obviously taking loans without the need for one (buying trust)

cheers

It is buying trust and also he is giving away Bitcoins because of his birthday, he is doing it in on his birthday and he is the guy with the second highest trust score out of 5000+ users there i think,  basically it's a birthday give away sort of thing for his investors, who have really funded his loan extremely quickly something like that because that actually was the initial reason why he planned to do it, it was actually an incentive for the investors and then realized it's marketing worth

[BigBoy89]

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

You can check out his profile here https://bitlendingclub.com/user/index/id/5333/aliraheman

[stallion]

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

You can check out his profile here https://bitlendingclub.com/user/index/id/5333/aliraheman

Ohh, I've invested in this user a few times, great reputation. I would've assumed that he has taken his reputation loan, but he seems to building up to it so he probably hasn't.
I think it's a great investment if he comes up with something of this magnitude, would be fun to watch

[rayhan]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

Seems pretty legit. Thanks for bringing it to my notice, I looked into him, went through his listings and comments of the investors and he has outstanding reviews. I'm very interested.
Keep me in the loop about this please

Thanks

[hayabusa911]

Seems really cool but I'm not sure about this yet. I'll sit back and keep an eye on things for a while.

[BLKBITZ]

reputation loans lead to scams if you need a loan just take one.

[jjacob]

Sounds a lot like buying trust to me. 

[Quickseller]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

Seems pretty legit. Thanks for bringing it to my notice, I looked into him, went through his listings and comments of the investors and he has outstanding reviews. I'm very interested.
Keep me in the loop about this please

Thanks

I think this is the opposite of legit. This could not be more of a lon con where he builds up trust from others in order to eventually be able to scam a larger amount. The question is when he will eventually scam. From the looks of it he has paid out a little under 3 BTC worth of interest, yet he is routinely able to take out 5+ BTC worth of loans, so he could simply take out a 5 BTC loan, withdraw the funds and realize 2 BTC worth of profit, I know the OP says that reputation loan "cannot be withdrawn" however I am reluctant to believe this.

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

You can check out his profile here https://bitlendingclub.com/user/index/id/5333/aliraheman

Maybe you should also check out the list of IP addresses used to access his account https://bitlendingclub.com/user/ips/id/5333/aliraheman

From the looks of it his account was accesses from a number of IP address ranges from a number of countries, none of which are known IP addresses of proxies according to bitlendingclub

[Marbit]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

Seems pretty legit. Thanks for bringing it to my notice, I looked into him, went through his listings and comments of the investors and he has outstanding reviews. I'm very interested.
Keep me in the loop about this please

Thanks

I think this is the opposite of legit. This could not be more of a lon con where he builds up trust from others in order to eventually be able to scam a larger amount. The question is when he will eventually scam. From the looks of it he has paid out a little under 3 BTC worth of interest, yet he is routinely able to take out 5+ BTC worth of loans, so he could simply take out a 5 BTC loan, withdraw the funds and realize 2 BTC worth of profit, I know the OP says that reputation loan "cannot be withdrawn" however I am reluctant to believe this.

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

You can check out his profile here https://bitlendingclub.com/user/index/id/5333/aliraheman

Maybe you should also check out the list of IP addresses used to access his account https://bitlendingclub.com/user/ips/id/5333/aliraheman

From the looks of it his account was accesses from a number of IP address ranges from a number of countries, none of which are known IP addresses of proxies according to bitlendingclub

I'm surprised by the reception, but I guess it's difficult to trust in such an insecure market.
If you guys check out his loans and listings, you'd understand the kind of trust he has, one of the fastest funding listings are provided by him.

I've been a heavy investor, and when somebody has such popularity, the interest rates offered by the people are reduced significantly, in order to be able to invest.
You'll understand if you check out comments on any of his listings, for instance:
https://bitlendingclub.com/loan/browse/lid/13851/crypcoin-june-trades-ii-2-max

I've been investing in him for quite some time, and I'm pretty confident that IF this is a BitlendingClub Reputation Loan, then it's a completely safe investment, as I've spoken to him on numerous occasions. In fact, this guy refrained from taking 10 BTC weekly loan even when his investors wanted him to because he did not want to risk having "idle" bitcoins since his trade volumes were not more than 5 BTC, see here:
https://bitlendingclub.com/loan/browse/lid/11771/crypcoin-may-trades-i-2-max

That in itself speaks a lot about the borrower

He mentions about the IP conflicts in every listing, you can check it out too.

Forget the reputation loan, heck I've been investing in him for the past few months and I've had no repayment issues, but that's just me.

Hope this gives perspective,

Cheers Guys

[mkc]

My experience with bit lending club was not great. I was making a few here and there, then one default, lost all my gain from about 7 or 9 other loans ....

[bumm]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

I do not know the borrower here, neither I trust him (actually I do not trust any borrower  ), but it seems win-win for all, at least for the investors if it cannot be withdrawn. Would surely like to invest few btcs. Let me know whenever the loan is up.

[edric]

The profile of the borrower looks okay to me. Actually he seems to be very ambitious at a very young age, which is good.

It does not seems to be a problem in investing few coins. And it would be fun to watch how long will it take for his loan to get fully funded.

[Amph]

Sounds a lot like buying trust to me. 

and the only reason to do this, is to scam later, but if he didn't scam someone, yet, then it mean that he is just a legit, guy and he do not aim at that

[iram66680]

Reputation loans are created to increase the credit rating of the borrower. It should be banned and investors are literally helping the user to build up his trust score to fool new investors who judges only based on credit rating.

[BigBoy89]

I heard that in bitlendingclub there is a thing called reputation loan, where a person requests a reputation loan which he is granted only once per account and he has to pay interest, this loan cannot be withdrawn by the reputation loan seeker but people who have invested in loan get 1% to 2 % return immediately, one of my friend is planning on giving away 1 to 3 btc in the form of interest for taking a 100 btc reputation loan as he had taken about 45 big loans and repaid all perfectly and has 500+ positive review and no negative reviews, so it is basically free money for the investors, anyone ever done this, and what is it like?, i am a bit excited as he is my friend and how things will turn out to be, want your opinions on this.

Seems pretty legit. Thanks for bringing it to my notice, I looked into him, went through his listings and comments of the investors and he has outstanding reviews. I'm very interested.
Keep me in the loop about this please

Thanks

I think this is the opposite of legit. This could not be more of a lon con where he builds up trust from others in order to eventually be able to scam a larger amount. The question is when he will eventually scam. From the looks of it he has paid out a little under 3 BTC worth of interest, yet he is routinely able to take out 5+ BTC worth of loans, so he could simply take out a 5 BTC loan, withdraw the funds and realize 2 BTC worth of profit, I know the OP says that reputation loan "cannot be withdrawn" however I am reluctant to believe this.

Yes, the reputation loans cannot be withdrawn , you can read here https://bitlendingclub.com/content/help, he usually takes 5 to 10 btc loans and the loans fill-up in 10 minutes and has paid back early on time.

                        

I'm familiar with bitlendingclub, been investing for a while, and yeah reputation loans are provided by the platform but a single one for a single user as far as I know.
Also, there are not a lot of people with 500+ reputation points, so if you're certain about it being a reputation loan from a user with such great reputation, it could be a decent opportunity.

You can check out his profile here https://bitlendingclub.com/user/index/id/5333/aliraheman

Maybe you should also check out the list of IP addresses used to access his account https://bitlendingclub.com/user/ips/id/5333/aliraheman

From the looks of it his account was accesses from a number of IP address ranges from a number of countries, none of which are known IP addresses of proxies according to bitlendingclub

About the ip, i think it is because he travels the world a lot, today he is in Germany, next day in the US, next day in Dubai

[lihuajkl]

The profile of the borrower looks okay to me. Actually he seems to be very ambitious at a very young age, which is good.

It does not seems to be a problem in investing few coins. And it would be fun to watch how long will it take for his loan to get fully funded.

Even he is building up his reputation. I takes a lot of times and efforts, but once he defaults once then he completely ruins his repuation. He is unable to take another loan any more. It is like our credit record on which everything is based like issuing mortage, loan etc. I think it is worth a try.

[stallion]

The profile of the borrower looks okay to me. Actually he seems to be very ambitious at a very young age, which is good.

It does not seems to be a problem in investing few coins. And it would be fun to watch how long will it take for his loan to get fully funded.

Even he is building up his reputation. I takes a lot of times and efforts, but once he defaults once then he completely ruins his repuation. He is unable to take another loan any more. It is like our credit record on which everything is based like issuing mortage, loan etc. I think it is worth a try.

I am rather interested to see where this young man goes and if he succeeds. It is fun to see young people work hard and make it. My best regards to him.