[NEED LOAN] 14BTC -> 15 BTC Return [10DAYS]

[Vod]

Lol wtf, I didn't lend from you.
And I'm still looking for a lend people.

BTW I am no longer interested in making this loan.

I have decided that going forward I am never going to lend to anyone that does not know the difference between and how to properly use the words "lend" and "borrow".

Just a personal pet peeve.

Ah well, nvm.
Not because my English is not that good you need to homd off lol.

I need this loan for a purchase I need to make.
I need to buy it for 15BTC and I get 18BTC from it.
It's quick and the buyer will release his coins after 5 days, so I can pay you.

This is the fourth time someone has asked - WHAT DO YOU HAVE FOR COLLATERAL?

If you can't answer that then just shut up; no one will loan to you.

[koelen3]

Lol wtf, I didn't lend from you.
And I'm still looking for a lend people.

BTW I am no longer interested in making this loan.

I have decided that going forward I am never going to lend to anyone that does not know the difference between and how to properly use the words "lend" and "borrow".

Just a personal pet peeve.

Ah well, nvm.
Not because my English is not that good you need to homd off lol.

I need this loan for a purchase I need to make.
I need to buy it for 15BTC and I get 18BTC from it.
It's quick and the buyer will release his coins after 5 days, so I can pay you.

This is the fourth time someone has asked - WHAT DO YOU HAVE FOR COLLATERAL?

If you can't answer that then just shut up; no one will loan to you.

What do you mean with collateral?
Is it like a scan of my id?
If I google it to dutch it says onderpand, which I don't know what it is either.

[John (John K.)]

Something in equal or greater value to the funds lent to prevent the borrower from making off with the funds and creating a new account again.

[21after2]

Collateral is something a borrower offers in exchange for a loan in the event that he cannot repay the lender. Like a mortgage that has the home as collateral: if the borrower does not make his payments, the lender gets ownership of the house to recoup his losses.

For a loan as big as BTC14, a lender is going to want collateral as insurance. You need to offer something of equal value to the loan to the lender. The lender can hold on to that item until you repay the loan. If you don't repay the loan, they can use that item to recoup their loss.

[koelen3]

What can I offer as an online thing?
I can give licenses for software or a domain name or something?
I don't get the part of that.

I can't offer a car or something.
I can give scans of my id etc if that's what you mean.

[danieldaniel]

What can I offer as an online thing?
I can give licenses for software or a domain name or something?
I don't get the part of that.

I can't offer a car or something.
I can give scans of my id etc if that's what you mean.

He means something that you physically own.  You send it to the lender until you pay it back.

[21after2]

What can I offer as an online thing?
I can give licenses for software or a domain name or something?
I don't get the part of that.

I can't offer a car or something.
I can give scans of my id etc if that's what you mean.

ID scans are good for confirming your identity as well as knowing who to point out to authorities if a scam takes place. They aren't considered collateral though. It needs to be something you physically own (like danieldaniel said) that you would send to the lender. The lender would then send it back once the loan is paid off.

For example, say I needed a $100 loan from a lender who requests collateral. I could send them my iPhone as collateral. They would then lend me the $100. Once I pay back that $100 to the lender, they would send me the iPhone back. If I were to not repay the loan, they could sell my iPhone to recoup the $100 loss.

BTC14 is what, around $300 roughly? If someone is going to lend you $300 worth of Bitcoin, they may want something as collateral worth the same. Whether or not someone will accept an online item as collateral depends on the lender, but if a lender were to accept an online item as collateral, it would have to be equal (or close) in value to the amount of the loan.

[koelen3]

I might be able to sent a sony TV if the someone who will lend me bitcoins lives in the US.
But furthermore I don't think I have much other things to send.

[Vod]

I might be able to sent a sony TV if the someone who will lend me bitcoins lives in the US.
But furthermore I don't think I have much other things to send.

How much is the shipping cost to Europe?
Though, starting bed was 1btc, so I'm going to call my offer from 1,5 to 1 for now.

Koelen3.

If you live in Europe, why would you ship to someone in the US?

With the way BTC is rising, anyone who takes collateral would probably set a price of $25/BTC (I would).  That means you have to give up something the loaner can sell for $375, and not something you think is worth $375.

If you don't have collateral, you're not going to get a loan.  It's much more probable you will just disappear with the coins.

[Tomatocage]

Account abandoned in 3..2..1..

[koelen3]

I might be able to sent a sony TV if the someone who will lend me bitcoins lives in the US.
But furthermore I don't think I have much other things to send.

How much is the shipping cost to Europe?
Though, starting bed was 1btc, so I'm going to call my offer from 1,5 to 1 for now.

Koelen3.

If you live in Europe, why would you ship to someone in the US?

With the way BTC is rising, anyone who takes collateral would probably set a price of $25/BTC (I would).  That means you have to give up something the loaner can sell for $375, and not something you think is worth $375.

If you don't have collateral, you're not going to get a loan.  It's much more probable you will just disappear with the coins.

I live in Europe and US.
Since my parents moved to Europe when I was 3 years old.
I have family there who can send a tv there.

[smracer]

No one is going to accept a TV for collateral unless you are looking for $50 at your local dirt pawnshop.  Why would you spend $100 to ship a TV to someone anyway?  That makes no sense.  It's going to cost another $100 to send it back.  Think smaller.  A gold ring, a gold coin, small diamond studs, a fairly nice watch.  These are all things that are both easy to ship to someone and make nice collateral.  Take a picture of something small and valuable that you have and post it here.  You will greatly increase you chances of getting a loan with some collateral.
. 

[koelen3]

Found a loan IRL.
Not looking for another loan here though.

[BurtW]

Found a loan IRL.
Not looking for another loan here though.

Come back when you have 500 good posts that contribute to the forum and then we will talk.

Good luck!