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Author Topic: If you were in desperate need for money....  (Read 208852 times)
co5hike
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September 11, 2016, 10:40:47 AM
 #801

If I am in desperate need of money then first of all I will try to borrow it from my friends and family as if they help you then you can expect hard cash in your hands instantly.
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September 11, 2016, 10:49:15 AM
 #802

If I was desperate for money I think that I would try to lend some money from the bank because I do not know what else to think of.
I know that lending money costs you more money in the end but sometimes you do not have a choice.

Exactly, it depends on the situation actually if how much time do you have for getting that money, if you have enough time then you might be able to earn some but if you need them too early and the time you have is not enough for earning then you will have no choice then asking for a loan.
yeah I think if you still have time for the things you need. Of course you can still use it to get the money first. if you think you do not have much time. the last option is to borrow money to someone with a record you have the guarantee and provide nice interest
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September 11, 2016, 11:05:15 AM
 #803

If you have saved money regularly then this situation will never arise that you need money but you can't find a way to get it, I believe in saving so if I am in desperate need of money then I can use those savings at any time.
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September 11, 2016, 11:09:39 AM
 #804

If I was desperate for money I think that I would try to lend some money from the bank because I do not know what else to think of.
I know that lending money costs you more money in the end but sometimes you do not have a choice.

Exactly, it depends on the situation actually if how much time do you have for getting that money, if you have enough time then you might be able to earn some but if you need them too early and the time you have is not enough for earning then you will have no choice then asking for a loan.
yeah I think if you still have time for the things you need. Of course you can still use it to get the money first. if you think you do not have much time. the last option is to borrow money to someone with a record you have the guarantee and provide nice interest

Right, we should make  any things first to make money or find some the possible ways before you intend  to  borrow from money from others if  we dont have  any   choices  or we cant really find  ways then its time  to borrow to someone with interest but sure that you could able to pay back  before  due date so that you could borrow again.
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September 11, 2016, 11:30:34 AM
 #805

If you have saved money regularly then this situation will never arise that you need money but you can't find a way to get it, I believe in saving so if I am in desperate need of money then I can use those savings at any time.

Yeh it is true that saving will get you through tight situations but the problem is, what if you failed to save.  You won't have anything to pull in time of trouble so the best way is to sell some of your things so you can get the amount you needed .  Or you can mortgage valuable things  or apply for loan.

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September 11, 2016, 08:45:27 PM
 #806

I would do nothing because  there is not much that I can do  if I am in need of money. I can loan money but I don't like that,  because I would have to pay  it back after a while..
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September 11, 2016, 09:28:40 PM
 #807

If I am in desperate need of money then first of all I will try to borrow it from my friends and family as if they help you then you can expect hard cash in your hands instantly.

Your family is Ok especially your parents and brothers and sisters but from friends it is something hard to get loan, they will be in fear of default. as I have faced the same issue also the better route i found is to start some online earnings and from that manage to fulfill that need.
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September 11, 2016, 09:31:24 PM
 #808

I would do nothing because  there is not much that I can do  if I am in need of money. I can loan money but I don't like that,  because I would have to pay  it back after a while..
Same here I also cannot do any thing just have to wait and try to solve this because lending is never been good option for me as mostly I dig and have start some other problems with this loan so just wait and watch for some other and better solution is very good option for me
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September 12, 2016, 04:23:18 AM
 #809

I would do nothing because  there is not much that I can do  if I am in need of money. I can loan money but I don't like that,  because I would have to pay  it back after a while..
Same here I also cannot do any thing just have to wait and try to solve this because lending is never been good option for me as mostly I dig and have start some other problems with this loan so just wait and watch for some other and better solution is very good option for me

Same here, i usually find  the  possible ways on  how  to seek money first  for my problem regarding financial before i   decide  to take a loan  from someone as  my last resort. I agee with you i dont  like to start  a problems regarding with loans since it  a  little bit hard for me  to pay on short terms loans.
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September 12, 2016, 08:25:51 AM
 #810

I dislike lending in general, however in my opinion some of the interest rates on bitcoin lending are ludacris.
Having to pay back double in a week is essentially 5200% annualised interest (ignoring compounding). By comparison, Wikipedia states there is legislation in parts of the USA capping payday loans at 36%

If you can't afford something today, can you really afford it twice over in a weeks time?
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September 12, 2016, 08:46:43 AM
 #811

Depends on what I would need so badly. It it's for bills which can not be delayed in any ways then I would just borrow somehow from people I know which means I have time to pay it back and zero interest. Anyways I wouldn't do anything irresponsible or crazy for money cause money is just paper in the end of the day just a currency we all made up and believe in.
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September 12, 2016, 09:25:59 AM
 #812

Depends on what I would need so badly. It it's for bills which can not be delayed in any ways then I would just borrow somehow from people I know which means I have time to pay it back and zero interest. Anyways I wouldn't do anything irresponsible or crazy for money cause money is just paper in the end of the day just a currency we all made up and believe in.

Yes its better to borrow from friends or from parents rather then choosing any illegal way to get it, I mean it doesn't make any sense in stealing money as it will surely spoil your image and reputation in the minds of people.


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September 12, 2016, 03:54:12 PM
 #813

I would probably try to sell goods that I do not need, or that are no longer very important to me.
I think it is surely a better alternative than getting a loan.
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September 13, 2016, 04:23:20 AM
 #814

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 


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September 13, 2016, 06:23:29 AM
 #815

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 
Insurance won't work here, we are in the cryto world and everything is anonymous of the users prefer to choose it, and I do not think they will ever pay their dues just to get insured, I am sorry to say this but there will only be two outcome, either you will be scam or you will scam them.

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September 13, 2016, 06:29:35 AM
 #816

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 
Insurance won't work here, we are in the cryto world and everything is anonymous of the users prefer to choose it, and I do not think they will ever pay their dues just to get insured, I am sorry to say this but there will only be two outcome, either you will be scam or you will scam them.

Yeah, sounds like that... There is no assurance that each of those who use your service would really pay, sometimes people are clever, if they know they can get something they would really pursue to go on and vanish if they notice that good time is already fading..

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September 13, 2016, 07:06:24 AM
 #817

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 

Wow, sound good but it may take a long time for you to put up a well organize bitcoin insurance.  Make sure that it will not be a scam after we give you some share of our bitcoins.  Just inform us if you already put up your bitcoin insurance.  That would be a sure hit especially if it really gives us an assurance.    Wink
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September 13, 2016, 07:58:29 AM
 #818

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 

This could be bad at start. How will you gain their trust first. You need a lot of spending before they would trust you. What else is bad here. You hold the private keys so a mess could possibly happen if you are the one hacked. They cant even do a thing.


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September 13, 2016, 08:19:20 AM
 #819

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 

This could be bad at start. How will you gain their trust first. You need a lot of spending before they would trust you. What else is bad here. You hold the private keys so a mess could possibly happen if you are the one hacked. They cant even do a thing.
That business would not work, and you cannot just sell that when you are in desperate need of money, you better take a loan in the bank and you get all your properties as your collateral so you can avail.

.
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September 13, 2016, 08:29:42 AM
 #820

I was thinking of putting together a project and this brought it to mind.  It would be Bitcoin insurance.  Basically a wallet that is fed from your pay or however, but on a regular basis.  The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there. 

This could be bad at start. How will you gain their trust first. You need a lot of spending before they would trust you. What else is bad here. You hold the private keys so a mess could possibly happen if you are the one hacked. They cant even do a thing.

This is a good point. Establishing trust is incredibly difficult in the bitcoin community due to past events. Additionally, the entry barrier is so low that you might start getting thousands of "customers" who only have a few satoshis. As a result, you will have a ton of customer support and admin costs for very little revenue. If you put customer support on the back-burner and concentrate on marketing, the two/three people who encounter bugs and cant use your platform properly will go to social media, forums, and reddit to shout about how you cant be trusted.

I think the low revenue coupled with potentially huge customer base is a real problem for your platform and most bitcoin platforms.

Always happy to see new bitcoin companies though, so I would say go for it anyway Cheesy
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