Bitcoinsummoner
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September 13, 2016, 08:35:12 AM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family..
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italianobitcoin
Sr. Member
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Merit: 250
Forza Italia
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September 13, 2016, 08:42:42 AM |
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If i were in desperate need for money I'd ask myself how I got into that situation first. After that I'd try to cash in all my bitcoin wallets and see how much I have. Then I'd go to the forums and check services which I could possibly do and try to earn a quick buck that way. There's not much more options then that, maybe borrow from a relative.
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Bustart
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September 13, 2016, 08:43:28 AM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. I think it is better to borrow fiat with the collateral as bitcoin. You can make profits in the long term as the bitcoin price will rise.
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Betwrong
Legendary
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Activity: 3388
Merit: 2204
I stand with Ukraine.
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September 13, 2016, 08:51:17 AM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. I think it is better to borrow fiat with the collateral as bitcoin. You can make profits in the long term as the bitcoin price will rise. Although I think that Bticoin price will rise so I agree with you here, I wouldn't recommend to borrow money anyway. This happened many times to my friends so I want to share it here: When you borrow money to buy something you end up having a thing that you don't actually need and a debt you have to pay.
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BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
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vero
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September 13, 2016, 10:02:36 AM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. i think it have a thought to borrow money for build a business is not an good option, where you do not know whether these business will go well or not.
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BitFinnese
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September 13, 2016, 10:50:19 AM |
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If i were in desperate need for money I'd ask myself how I got into that situation first. After that I'd try to cash in all my bitcoin wallets and see how much I have. Then I'd go to the forums and check services which I could possibly do and try to earn a quick buck that way. There's not much more options then that, maybe borrow from a relative.
This is a good way to deal with this problem. Reflection on how we get into that trouble hopefully we can learn from that, then after realizing the fault we did, action must be taken and one of it is to solve problem, and it can be solve by, working, lending or if you have saved money for something, use it first then replenish it later.
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ajun96
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 13, 2016, 10:57:43 AM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. I think if you want to borrow money in the bank you must have a name that is clean and you have a good record. and then the bank will ask for a guarantee that has a higher price and of course they will give you a high interest? so consider first before trying to take a loan in the bank
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kanazawa
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September 13, 2016, 11:23:59 AM |
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I suggest sell your junk stuff or clean some empty lot in your neighborhood. In 98 I was fu**** up and I used to busking on streets, it was pretty fun and I used to smoke heavily and it was enough to do it and much more. So in my point of view, if you are desperate for money you can do thousand of legal things (and much more ilegals). It's just a matter of attitude.
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utkarshm
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September 13, 2016, 11:35:01 AM |
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I suggest sell your junk stuff or clean some empty lot in your neighborhood. In 98 I was fu**** up and I used to busking on streets, it was pretty fun and I used to smoke heavily and it was enough to do it and much more. So in my point of view, if you are desperate for money you can do thousand of legal things (and much more ilegals). It's just a matter of attitude.
Yes at the point of time when we need money urgently,look things around you in your house and think what you can sell which wont affect you that much and get paid for it as well.In past i sold my laptop sadly when i was in desperate need of money,but later i was able to buy an new laptop for me again.
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abayan
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September 13, 2016, 11:41:12 AM |
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I suggest sell your junk stuff or clean some empty lot in your neighborhood. In 98 I was fu**** up and I used to busking on streets, it was pretty fun and I used to smoke heavily and it was enough to do it and much more. So in my point of view, if you are desperate for money you can do thousand of legal things (and much more ilegals). It's just a matter of attitude.
Yes at the point of time when we need money urgently,look things around you in your house and think what you can sell which wont affect you that much and get paid for it as well.In past i sold my laptop sadly when i was in desperate need of money,but later i was able to buy an new laptop for me again. I do agree but if you dont have expensive things around your house then nothing can do. But for me if im desperate of money i just borrow to my relatives or close friends then try to pay them as soon as possible
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gerXhonza
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September 13, 2016, 01:00:40 PM |
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I suggest sell your junk stuff or clean some empty lot in your neighborhood. In 98 I was fu**** up and I used to busking on streets, it was pretty fun and I used to smoke heavily and it was enough to do it and much more. So in my point of view, if you are desperate for money you can do thousand of legal things (and much more ilegals). It's just a matter of attitude.
Yes at the point of time when we need money urgently,look things around you in your house and think what you can sell which wont affect you that much and get paid for it as well.In past i sold my laptop sadly when i was in desperate need of money,but later i was able to buy an new laptop for me again. I do agree but if you dont have expensive things around your house then nothing can do. But for me if im desperate of money i just borrow to my relatives or close friends then try to pay them as soon as possible Yeah I will do the same as it will give me money in quick time and if I go for other ways then it will be surely an time consuming process and it will not help me to serve the purpose.
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phreaky
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September 13, 2016, 01:46:57 PM |
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If i were in desperate need of money then I'd have no idea what to do because most of what I do has a payout date so I wouldn't be able to ask for an advance but I guess i would try anyways. Next thing would be borrowing somewhere from a person i know on a personal level.
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rektDude
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September 13, 2016, 01:51:00 PM |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
For other people Maybe scamming is the only way to get bitcoins in times you need bitcoin in fast way. I dont think someone will give you if your begging for it. This is out of the question, I meant some more legal and decent ways, not criminal ore diishonest things. if i where in desperate need for money i would go full into the bitcoin but what i did was wrong because i lost allot of bitcoins by doign stupid trades you need allot information about tradings before you do it.
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Legasean
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September 13, 2016, 01:59:50 PM |
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If i where in desperate need for money i would say go all in to the bitcoin trade everyday soem times because trades will make you smart with bitcoins and very rich if you are doing good.
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Positid
Sr. Member
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BULL RUN until 2030
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September 13, 2016, 02:19:00 PM |
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If i where in desperate need for money i would say go all in to the bitcoin trade everyday soem times because trades will make you smart with bitcoins and very rich if you are doing good.
Good for you if you have the skills in trading but if not then it hard to ensure that you can earn doing it, you are just like gambling then. Be sure when you are spending your money for money, you have a great advantage to succeed cause if not you will be in desperate need more.
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fravia
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 13, 2016, 02:44:33 PM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. well of course you can take the loan any time but i really dont think that it is a good idea to do that because basically you would would be fucked as you would have to give bigger amounts of money to your bank and i really dont like that to be honest i think that if i was in a desperate need of money i would just sell all the bitcoins i have at the moment, even though i dont have a lot of bitcoins right now it would still help me a little bit to cope with all the problems so i would never take a loan for sure, i would do everything to get the money but never to take it from the banks because if you do that then you sometimes dont manage to pay it back and then even bigger problems start in my opinion, though those are just my ideas
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LuckyGem
Newbie
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September 13, 2016, 02:45:33 PM |
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I will like to ask for them from my parents and if they will not be able to afford them then I will borrow them from my friends
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dunfida
Legendary
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Activity: 3192
Merit: 1147
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September 13, 2016, 03:20:12 PM |
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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. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. well of course you can take the loan any time but i really dont think that it is a good idea to do that because basically you would would be fucked as you would have to give bigger amounts of money to your bank and i really dont like that to be honest i think that if i was in a desperate need of money i would just sell all the bitcoins i have at the moment, even though i dont have a lot of bitcoins right now it would still help me a little bit to cope with all the problems so i would never take a loan for sure, i would do everything to get the money but never to take it from the banks because if you do that then you sometimes dont manage to pay it back and then even bigger problems start in my opinion, though those are just my ideas Well interest on banks are insane especially when you do experience to overdue and for sure you would cry on the interest rates that would possibly lead you to deep debt in the future. Loaning in banks would be risky to as long you have the way to pay it then no worries but if you are unsure on this thing then you shall not proceed at all.
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dothebeats
Legendary
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September 13, 2016, 03:38:13 PM |
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If someone could make use of my services for whatever needs they have, then I would do it even if it's a slightly off payment as long as that person paid me in full. Also, I would borrow money from my friends and just tell them that I would return it the soonest I can. Lastly, if the last two scenarios didn't work, I would sell my holdings in bitcoins which I consider as a long term investment and just start all over again.
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btc-facebook
Legendary
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September 13, 2016, 04:28:44 PM |
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Luckily I have know bitcoin as alternate investation. Before I knew bitcoin, I was invest on gold so at my place , it's hard to make quick profit ! After I invest bitcoin, I can manage my financial on positive debt , paying my debt and help my parents expense
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