If you were in desperate need for money....

[sunsilk]

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

The big question is, how much loan are you willing to avail or how much loan a lender are willing to extend to you?

It's something you cannot control because you are the one who is in need and when in desperate need, I would think that you are in need of more money that a certain bitcointalk account cannot be guaranteed as a collateral or not enough for the lender to convince to extend you loan.

Most of the time borrowers think that their high rank account is already enough for them to be able to loan if they are really in need.

But if I will going to be a lender, I will need to consider first if they had some source of income with bitcoin because granting their request.

Because there are some abusers that won't pay their loan and making their collateral as payment. And even in my real life, I don't loan even I desperately need money.

I just try to sell some of my precious collections of my favorite branded t-shirts at its lowest price.

[Positid]

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

Well we are not the same but if i am desperate the only thing in my mind is to get loan here with collateral since many members right now in lending section can help you for loan but you need to give a collateral.. in trading i don't touch those thing because i need them to increase the price or sell in the right time..

And since you are already a high ranked member you can easily get a loan without collateral also.
I think the most desperate situation gets when we dont have collateral to take a loan and we are new and cannot ask for a loan without collateral, though I think depending on the urgency we may ask someone like friends for some money.

The big question is, how much loan are you willing to avail or how much loan a lender are willing to extend to you?

It's something you cannot control because you are the one who is in need and when in desperate need, I would think that you are in need of more money that a certain bitcointalk account cannot be guaranteed as a collateral or not enough for the lender to convince to extend you loan.

Most of the time borrowers think that their high rank account is already enough for them to be able to loan if they are really in need.

But if I will going to be a lender, I will need to consider first if they had some source of income with bitcoin because granting their request.

Because there are some abusers that won't pay their loan and making their collateral as payment. And even in my real life, I don't loan even I desperately need money.

I just try to sell some of my precious collections of my favorite branded t-shirts at its lowest price.

There are many things to consider if you are a lender, you have to know the credibility of a borrower which is hard to verify under the circumstances, and the capacity to pay. How can you verify his capacity to play? Are you gonna require him to submit on his payslip in his job? That's normally happens in real world but does not apply online.. so it is risky.

[error08]

If I needed money desperately, I would choose to sell my gold or sell some unwanted stuff. I hold shares as well and they can always come handy when I am in need of money and there are some users who pay in bitcoins for shares. It's a better investment. Taking loans is too risky and I avoid doing it at any cost.

yeah I also prefer to sell trinkets or sell my shares The most likely is to sell my gold because you do not have to wait for the price rise in gold.
I could immediately sell it for a price of gold has been relatively high. You also do not need to sell your bitcoin if at that time was at a low price

That's why we need savings and invest in gold when we have chance to, not wasting time and money for unnecessary expenses.
So, if we desperate need for money, still have choice and backup plan. Good behavior now and you will earn good results then.

[freedomgo]

If I needed money desperately, I would choose to sell my gold or sell some unwanted stuff. I hold shares as well and they can always come handy when I am in need of money and there are some users who pay in bitcoins for shares. It's a better investment. Taking loans is too risky and I avoid doing it at any cost.

yeah I also prefer to sell trinkets or sell my shares The most likely is to sell my gold because you do not have to wait for the price rise in gold.
I could immediately sell it for a price of gold has been relatively high. You also do not need to sell your bitcoin if at that time was at a low price

That's why we need savings and invest in gold when we have chance to, not wasting time and money for unnecessary expenses.
So, if we desperate need for money, still have choice and backup plan. Good behavior now and you will earn good results then.

I will have savings to prepare for the desperate times but I will not consider investment is very helpful. The fact that investing is a risky game, you do do not have the assurance to earn from your investment, what if you fail, where are you gonna get the money to spend in your desperate times?

[raven7886]

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

what if you do not have any savings or deposit money backup when you need money?
how do you get out of this problem. if you have nothing and you need the money right now ?

Actually yes, if we have altcoins or cash in the bank then that's not a desperate situation, it is simply a need situation which will be filled easily, desperation is like when I was away from from and needed money, to make it worse my password also is in my home PC and could not be accessed that time.

[skierchewing]

If I were in that situation, I'd simply ask for a loan at bank, that's still the easiest way, and you don't have to deal with anyone that you don't know.

[Maslate]

If I were in that situation, I'd simply ask for a loan at bank, that's still the easiest way, and you don't have to deal with anyone that you don't know.

Do you have all the requirements to make you qualify for the loan application you will do. Mind you it's not easy to take a loan in the bank as they are very strict with the requirements and that is to ensure that such borrower will be able to pay.

[hexitor]

I'd probably go to some one-day work society and find something to do. It generally pays well, so that will solve any kind of problem except an house seizure.

[skierchewing]

If I were in that situation, I'd simply ask for a loan at bank, that's still the easiest way, and you don't have to deal with anyone that you don't know.

Do you have all the requirements to make you qualify for the loan application you will do. Mind you it's not easy to take a loan in the bank as they are very strict with the requirements and that is to ensure that such borrower will be able to pay.

Most people will be granted the loan proven that they have a stable job, what ever job it is. Of course if you want to borrow 25 000$ that will be a problem but I doubt you'll need it for anything else than buying a car, an appartement or an house.

[gabmen]

If I were in that situation, I'd simply ask for a loan at bank, that's still the easiest way, and you don't have to deal with anyone that you don't know.

Do you have all the requirements to make you qualify for the loan application you will do. Mind you it's not easy to take a loan in the bank as they are very strict with the requirements and that is to ensure that such borrower will be able to pay.

Most people will be granted the loan proven that they have a stable job, what ever job it is. Of course if you want to borrow 25 000$ that will be a problem but I doubt you'll need it for anything else than buying a car, an appartement or an house.

yeah aside from requirements, there would also be big interests if you loan from banks. it would be better to just borrow money from people you know. although there normally  are no interests when you borrow from people, it's their trust that you have to take care of because if you lose a person's trust because of money, it's very hard to earn it back.

[Kotone]

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.

If im despirate with money then i probably make some note's that my parents or my love ones are in hospital and needing some help i don't want to do some illegal things just to help other people i want to be cleaned and i am going to church to pray and probably im going to sell my kidney if needed.

[icecube45]

If I need money / bitcoin I use trading. I can get some of the bitcoin trades. Or maybe work as selling a service, or a signature campaign. There are many ways to get bitcoin and we can get it with relative ease.

[crairezx20]

If I need money / bitcoin I use trading. I can get some of the bitcoin trades. Or maybe work as selling a service, or a signature campaign. There are many ways to get bitcoin and we can get it with relative ease.

I think signature campaign is not a fastest way because it takes a week if you need money and desperate you should find a way that you can instantly get money..
And i think borrowing or get loan is the fastest way to get money.

[barbara44]

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

That situation is desperate. But mine was once even more desperate, I deposit some burstcoins into Poloniex now the coins did not show up in pending also for 2-3 hours and I needed money badly, they then got listed in pending transactions but God damn, I know how desperately I needed some bitcoins to do recharge ( late night )

[socks435]

I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.

That situation is desperate. But mine was once even more desperate, I deposit some burstcoins into Poloniex now the coins did not show up in pending also for 2-3 hours and I needed money badly, they then got listed in pending transactions but God damn, I know how desperately I needed some bitcoins to do recharge ( late night )

Yeah exchange sites just like here in yobit it takes a long time to receive withdrawal because of low fix fee..  and i hope they can change the settings to high fee since we are trading a large amount and withdraw i experience long transaction.. so i decided to get loan and give my account as collateral before..  just to have a funds and withdraw it for emergency purposes..

[Bitcoinsummoner]

If you despirate lending section is a great place to take loan.. or in your local country you can get loan in banks but it needs some verifcation that you are working.. those only the place where we can borrow fast money. .

[mrkevio]

If I need money / bitcoin I use trading. I can get some of the bitcoin trades. Or maybe work as selling a service, or a signature campaign. There are many ways to get bitcoin and we can get it with relative ease.

I think signature campaign is not a fastest way because it takes a week if you need money and desperate you should find a way that you can instantly get money..
And i think borrowing or get loan is the fastest way to get money.

If you're in desperate need of money you can simply borrow from your family or good friends. Signature campaign isn't the fastest but the safest and easiest way to get some free bucks when you need it. You can save part of your earnings and it might help you one day.  

[Weatherby]

signature and mining altcoin, i would not invest a penny in anything, just try to earn directly what it's possible

how can you start mining altcoin without investing any penny i thought you had to spend a some amount of money for the hardware and how about the electricity charge ,these all comes under investment ,what machine you are using and what coin you are mining and how much you are mining

now im running 4gpu (Rx470 + rx480), im buying it with "real money" i sell my bitcoin and buying vga for it.
in fact im invest my bitcoin by selling it then buying vga, so im use altcoin mining to growing my bitcoin.

i understand that you are trying to grow you bitcoin asset but how come you started earning bitcoin in the first place without investing in mining or you have to be here when the faucets were giving out huge number of coins and by the rank i do not think you got too much from faucets too and if you are talking about signature campaign how many coins can you get with your account in a month ,lets assume you got around $600 through your profile till now ,how come you were able to purchase 4GPU from it without spending any extra money

[GregH37]

when you are in desperate need of money, you have a problem about money, and to solve the problem you need to look for the money and that is a hard task to do. I have been in the situation many times and I thank God because he is guiding me every time I have a money problem, my relatives really help me a lot in times of trouble.

I am happy for you to have a good relative that actually understand and solve your finacial problems in time of need, not everybody that has relative who can understand and solve their problems,as for you, you are lucky enough.

And not all people in desperate need of money are also willing to approach their relatives, some keep their price even if a very desperate times as they do not want to have a debt of gratitude.

and I have saw some people around me that they sometimes come to very desperate need of money but they do not ask from their relatives because they may know that they will not help or there maybe some other reason beside that. But I have noticed that those people who are rich do not care for their poor relatives and definitely because of that the poor do not dare to ask them.

My friend is that sort of person, he first when gets salary really burns it with gambling and eating pizzas and all, and when there are yet 10 days left and money in hand is just around 20$ they get desperate and lol he been giving us so many treats we often help him, but hey he never asks his family, not sure yet why.

[Zooplus]

when you are in desperate need of money, you have a problem about money, and to solve the problem you need to look for the money and that is a hard task to do. I have been in the situation many times and I thank God because he is guiding me every time I have a money problem, my relatives really help me a lot in times of trouble.

I am happy for you to have a good relative that actually understand and solve your finacial problems in time of need, not everybody that has relative who can understand and solve their problems,as for you, you are lucky enough.

And not all people in desperate need of money are also willing to approach their relatives, some keep their price even if a very desperate times as they do not want to have a debt of gratitude.

and I have saw some people around me that they sometimes come to very desperate need of money but they do not ask from their relatives because they may know that they will not help or there maybe some other reason beside that. But I have noticed that those people who are rich do not care for their poor relatives and definitely because of that the poor do not dare to ask them.

My friend is that sort of person, he first when gets salary really burns it with gambling and eating pizzas and all, and when there are yet 10 days left and money in hand is just around 20$ they get desperate and lol he been giving us so many treats we often help him, but hey he never asks his family, not sure yet why.

It could be his family knows already that he does not manage his many well and he might be asking for many times.. Anyway, your friends should lean and tell him not to make gambling as an excuse for not managing the money well as everyone has the right to have fun as long as we can control our selves in gambling.

In desperate times, that is time to realize and analyze things up then change for the better..