Bitcoin Forum
April 20, 2014, 06:24:56 PM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2  All
  Print  
Author Topic: BTCJam ; Experiences  (Read 1995 times)
SynOps
SCAMMER
Full Member
*****
Offline Offline

Activity: 140


BitFi Services


View Profile WWW

Ignore
November 28, 2012, 09:57:37 AM
 #1

How has anyone's experience been using this site. I know it is rather newer. I have been on it a bit, and had some defaulters, but most are paying. And I pay all my loans early.

What is your opinion on this site?

1398018296
Hero Member
*
Offline Offline

Posts: 1398018296

View Profile Personal Message (Offline)

Ignore
1398018296
Reply with quote  #2

1398018296
Report to moderator
Buy a Blade, Get a 5-Chip Free!
Start Mining with GAWMiners.com
24/7 Live Phone & Tech Support
Free Hosting & Electricity for 1 Year!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1398018296
Hero Member
*
Offline Offline

Posts: 1398018296

View Profile Personal Message (Offline)

Ignore
1398018296
Reply with quote  #2

1398018296
Report to moderator
1398018296
Hero Member
*
Offline Offline

Posts: 1398018296

View Profile Personal Message (Offline)

Ignore
1398018296
Reply with quote  #2

1398018296
Report to moderator
1398018296
Hero Member
*
Offline Offline

Posts: 1398018296

View Profile Personal Message (Offline)

Ignore
1398018296
Reply with quote  #2

1398018296
Report to moderator
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile

Ignore
November 28, 2012, 01:39:50 PM
 #2

Wait, you borrow and then lend?

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
TheDarKnight
Full Member
***
Offline Offline

Activity: 129



View Profile

Ignore
November 28, 2012, 05:08:05 PM
 #3

It is a scam site.

Please tip me, just a little, if you like my friendly advice Smiley

BTC: 1FCD9uzSuN4WgWsfuNkbmP3UdtVXAuLgz8
LTC: LcHunkZFxe4YLGwemk1PtKXJfDV6wQ7xQL
gweedo
Hero Member
*****
Offline Offline

Activity: 728


Java, PHP, HTML/CSS Programmer for Hire!


View Profile

Ignore
November 28, 2012, 06:32:58 PM
 #4

It is a great site, I enjoy it. I know I am not lending to you, cause you just takes loans to lend.

http://www.apicoin.io - making the blockchain rest | Donations: 1GweedoZJYb5CNLfSaBgBBYS2y7BMVb2Wo| Tox: 8814C1F411BBF9FCCFA3338DEB23E4DCCAEC2BF7E89C0048F2C23389651C071959F0EB5F4A58 |Escrow (0.5% FEE), just PM | PGP key |The Mark Cuban of this Forum
rini17
Sr. Member
****
Offline Offline

Activity: 340


GO http://bitcointa.lk !!! My new nick: jurov


View Profile WWW

Ignore
November 28, 2012, 09:21:53 PM
 #5

I am using it for short term business loan and must say the loan dashboard is utterly confusing and I opted to verify exact loan repayment terms with support. It's loan #517, will post more detailed explanation when i'll be on pc.

CoinBr.com: First online MPEx brokerage launched beta! Easy to use interface and reasonable fees. Charts for S.MPOE, S.NSA, S.BBET, S.MG : live.coinbr.com * My Blog *
SynOps
SCAMMER
Full Member
*****
Offline Offline

Activity: 140


BitFi Services


View Profile WWW

Ignore
November 29, 2012, 05:59:38 AM
 #6

Wait, you borrow and then lend?

No, I keep my Loan book and Lending book separate, or else it would cause me to default if others defaulted, that would be absolutely stupid to do, and be highly unproductive.

sega01
Full Member
***
Offline Offline

Activity: 237



View Profile WWW

Ignore
November 29, 2012, 06:39:07 AM
 #7

BTCJam is a great site, but you have to be very careful as an investor. I've lost a lot of Bitcoins to scammers. There are active, repeat scammers who are very creative. Others are just college students looking for handouts who don't intend on paying back. Look for only rated members with an identity that you can fall back on. Best bet is probably to invest in Lurk's many loans; they pay out well for how early he pays them off.

Interface is a little cluedgy in spots, but I think it's good on the whole. I've never asked for a loan on the site, so I can't say from that side of it. Developers are very responsive.

My two bitcents,
Teran

#bitcoin-otc: http://bitcoin-otc.com/viewratingdetail.php?nick=sega01 - 1segab7bpeNF4ontcjqdUFKuqmhYTGJN8
Bypass pay-for WiFi networks with DNS tunneling for Bitcoin: http://dns.canhasinter.net/
Seal
Donator
Hero Member
*
Offline Offline

Activity: 729


View Profile WWW

Ignore
December 01, 2012, 12:05:16 AM
 #8

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
SynOps
SCAMMER
Full Member
*****
Offline Offline

Activity: 140


BitFi Services


View Profile WWW

Ignore
December 02, 2012, 01:43:31 PM
 #9

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.

I agree , it is NOT a scam site, however as any place, there are scammers present.
So yes, be careful who you invest with.
And never take out loans to pay other loans you owe on, you will end up with no investors.
Keep your loan books and investment loans separate if you deal with both.
I have been pretty good success lately on there, so I am happy so far.

andrew12
Member
**
Offline Offline

Activity: 66


View Profile

Ignore
December 02, 2012, 08:47:04 PM
 #10

I really like the idea, but it seems difficult to get funds for anything unless you have a backup plan for everything.

TheDarKnight
Full Member
***
Offline Offline

Activity: 129



View Profile

Ignore
December 03, 2012, 12:44:42 AM
 #11

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.
So it's a scam site then. If it doesn't say it on the tin then what does it contain? Dummy.

Please tip me, just a little, if you like my friendly advice Smiley

BTC: 1FCD9uzSuN4WgWsfuNkbmP3UdtVXAuLgz8
LTC: LcHunkZFxe4YLGwemk1PtKXJfDV6wQ7xQL
Seal
Donator
Hero Member
*
Offline Offline

Activity: 729


View Profile WWW

Ignore
December 04, 2012, 10:20:16 PM
 #12

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.
So it's a scam site then. If it doesn't say it on the tin then what does it contain? Dummy.

... scammers operate on this forum, so by your logic this forum is a scam forum?

Learn what btcjam's product is before you criticise it.

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
BR0KK
Hero Member
*****
Offline Offline

Activity: 728



View Profile

Ignore
December 04, 2012, 11:36:09 PM
 #13

tried it two times and both lenders defaulted .... Nice idea... but not a solution other to get ripped of your money very fast :!

nobbynobbynoob
Hero Member
*****
Offline Offline

Activity: 574


Annuit cœptis humanae libertas


View Profile WWW

Ignore
December 04, 2012, 11:50:09 PM
 #14

I'm somewhat involved with BTCjam and have even done business with SynOps above, who's been shown to be very reliable and honest, from what I've witnessed/experienced. A couple of borrowers have sadly defaulted, although it could just be a late payment issue and they will repay at some point (especially seeing as their ID etc. is verified and they're interested in extending their credit line, which is impossible if you're late paying existing debt).

If I wind up losing funds via this site, it will at least be an interesting experience. I could tell a tale in future if one BTC is worth millions of $$$, of how I lost "millions" on a lending site! Grin

Earn Free Bitcoins!   Earn bitcoin via BitcoinGet
BTC tip: 1PKkvuwC24Vqjv9odigXs1QVzE66jEJqmb (if <200 µBTC, please donate to charity)
LTC tip: LRqXaNdF79QHvhPpS5AZdEJZnLiNnAkJvq (if <Ł0,05, please donate to charity)
BM-2D7819CiAAWBgtwYPVxkWbP6NMPkf2ZCiD
TheDarKnight
Full Member
***
Offline Offline

Activity: 129



View Profile

Ignore
December 08, 2012, 05:04:55 AM
 #15

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.
So it's a scam site then. If it doesn't say it on the tin then what does it contain? Dummy.

... scammers operate on this forum, so by your logic this forum is a scam forum?

Learn what btcjam's product is before you criticise it.
Yes, scammers do operate on this forum - but then I am not recommending people to go about using them and taking them for their word, am I?Huh?

I'm sorry but whoever you are, you are encouraging people to put themselves in financial jeopardy on a site like that.
I am testimony to the fact you will get 'don in' on that site as I am already owed at least 15 payments amounting to about half a dozen BTC. Thanks for contradicting me on this...

Please tip me, just a little, if you like my friendly advice Smiley

BTC: 1FCD9uzSuN4WgWsfuNkbmP3UdtVXAuLgz8
LTC: LcHunkZFxe4YLGwemk1PtKXJfDV6wQ7xQL
guruvan
Sr. Member
****
Offline Offline

Activity: 392


View Profile

Ignore
December 08, 2012, 06:19:16 AM
 #16


Yes, scammers do operate on this forum - but then I am not recommending people to go about using them and taking them for their word, am I?Huh?

Neither is BTCjam, and neither is anyone else recommending to go about taking anyone for their word in finance.  Obviously you've not read BTCjam's warnings which are very prevalent, here on this forum, if not on their site.

I am seriously considering using BTCjam to raise some funds while raising some funds on Kickstarter (really, to pay for a highly successful kickstarter rewards package) - I prefer Kickstarter's reward model to the BTCjam loan model, but BTCjam's is much quicker to get in gear. 

Furthermore, it's not the case that every loan that you make will be repaid, but that doesn't make every default a scam.  If you make a loan to a startup business, and the business fails, you will likely lose your money, but that doesn't mean you've been scammed. It means that, just like getting scammed, you likely failed to perform due diligence before investing.

I block forum PMs. Please contact me  on my  OTC registered GPG (A54E87F2) Key's main email address and encrypt all correspondence.
Seal
Donator
Hero Member
*
Offline Offline

Activity: 729


View Profile WWW

Ignore
December 08, 2012, 11:29:39 PM
 #17

It is a scam site.

Its not a scam site. It does however have scammers who operate on it, so be careful.
So it's a scam site then. If it doesn't say it on the tin then what does it contain? Dummy.

... scammers operate on this forum, so by your logic this forum is a scam forum?

Learn what btcjam's product is before you criticise it.
Yes, scammers do operate on this forum - but then I am not recommending people to go about using them and taking them for their word, am I?Huh?

I'm sorry but whoever you are, you are encouraging people to put themselves in financial jeopardy on a site like that.
I am testimony to the fact you will get 'don in' on that site as I am already owed at least 15 payments amounting to about half a dozen BTC. Thanks for contradicting me on this...

Have a re-read TheDarkNight... I have not made any statement 'encouraging people to put themselves in financial jeopardy', neither am i 'contradicting you' so no need to feel insulted.

FYI for the record, I am also owed more in defaulted repayments then you are owed, way more than half a dozen BTC.

What BTCjam does is called peer to peer lending, its a business model which is well proven and is not a scam which you claim.

You sound very disgruntled at the fact you took the financial risk and lost out. Accept it and move on and see the site for what it is instead of labelling it because of your own misfortune. That is slander.

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
mjc
Sr. Member
****
Offline Offline

Activity: 476


Available on Kindle


View Profile WWW

Ignore
December 24, 2012, 08:41:20 PM
 #18

I lend there, I look for barrows with a credit rating of 8 and short term loans with good interest rates.  So far the loans that have paid have covered the long shoots.  Occassionally I will put a small amount on a long shoot.  I'm learning all long shots are a waste of time.

There are a number of really good long term loan options as well. 

+1 I have had a really good experience there thus far.  It is not a scam site.

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Kindle : Bitcoin Mining Step by Step : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Facebook :  https://www.facebook.com/BitcoinStepByStep     Twitter : @BitcoinSbS
felipelalli
Full Member
***
Offline Offline

Activity: 192


Hi! I am the Bitcoin Paranoid developer.


View Profile WWW

Ignore
December 27, 2012, 02:55:29 PM
 #19

I lost some bitcoins there. It is a pitty. I ask to site send me the Facebook of the guy, but the site never reply my email.

~ 1LipeR1AjHL6gwE7WQECW4a2H4tuqm768N
legitnick
Hero Member
*****
Offline Offline

Activity: 532



View Profile WWW

Ignore
December 28, 2012, 09:52:02 AM
 #20

So far I've made every payment on time.

5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
Pages: [1] 2  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!