Why do people ask for really small loans??

[royserpa]

I know, not my business.

But I'm curious as to why people ask for 0.001 BTC loans (~$1) just to pay 0.0015 back (~$1.50).

I mean, if they can pay back $1.50 they surely have $1, right?

I'm not sure if I'm missing something here?

[1714092354]

1714092354

[1714092354]

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[Vod]

I know, not my business.

But I'm curious as to why people ask for 0.001 BTC loans (~$1) just to pay 0.0015 back (~$1.50).

I mean, if they can pay back $1.50 they surely have $1, right?

I'm not sure if I'm missing something here?

To build trust so they can borrow $100 later?

They could also be short that amount, and be buying bitcoin in the neat future.

[0x0010]

I asked for a dollar because I didn't have the money then.

With the dollar, I made an "investment", got a return that allowed me to repay the loaner and keep enough to repeat the process.

With others I'm not sure, most are just gambling with it.

[Doamader]

Some people here does use those to get trust, and some of those person use those money for gambling purpose, and well even not being a lot if you havent a good account you wont be able to get any money as well, sometime ago i needed some funds to pay a bill but i werent able to get what i needed soo i had handled the way i could to pay those out.

[ThatRandom8543]

Like Vod said, they do that to try to build trust, however now these days you see people just running off with microloans. Regardless, people should be more alert, pay attention to patterns of the borrower because some would borrow and pay back in a day or two instead towards or on their due date, just to "build" trust for their grand exit scheme, but depending on the amount and how much one can trust the user, you should be asking for collateral. There are legit cases where a user needs it, but thats hardly rare.

[Gunthar]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

[royserpa]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

Yea I know man. I'm in Mexico and I know how things can be

Anyway, not sure why is self-moderated. When I started the thread, I didn't know what that was and just ticked it lol.

[condoras]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

Yea I know man. I'm in Mexico and I know how things can be

Anyway, not sure why is self-moderated. When I started the thread, I didn't know what that was and just ticked it lol.

Self-Moderated Thread is that you can delete any post that you don't like here. Basically and most of the times though, if not always...
Btw, you can ask any amount that you want as long as the Lender is covered with a good and Valid Collateral.
Even if it's only 1$...

[royserpa]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

Yea I know man. I'm in Mexico and I know how things can be

Anyway, not sure why is self-moderated. When I started the thread, I didn't know what that was and just ticked it lol.

Self-Moderated Thread is that you can delete any post that you don't like here. Basically and most of the times though, if not always...
Btw, you can ask any amount that you want as long as the Lender is covered with a good and Valid Collateral.
Even if it's only 1$...

First time creating a thread here
Not sure if I can reverse the self-moderated feature option but not deleting posts lol.

Now, that makes sense though

[condoras]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

Yea I know man. I'm in Mexico and I know how things can be

Anyway, not sure why is self-moderated. When I started the thread, I didn't know what that was and just ticked it lol.

Self-Moderated Thread is that you can delete any post that you don't like here. Basically and most of the times though, if not always...
Btw, you can ask any amount that you want as long as the Lender is covered with a good and Valid Collateral.
Even if it's only 1$...

First time creating a thread here
Not sure if I can reverse the self-moderated feature option but not deleting posts lol.

Now, that makes sense though

Imho i believe that any rule here in this Forum, does make sense and have a purpose.
I don't know either how and if you can change this but i am sure that someone here can and will help you out.

[royserpa]

i know some people in latin america that pay their day with just 2 or 3 bucks.
Curious tho: why a self-moderated thread for this?

Yea I know man. I'm in Mexico and I know how things can be

Anyway, not sure why is self-moderated. When I started the thread, I didn't know what that was and just ticked it lol.

Self-Moderated Thread is that you can delete any post that you don't like here. Basically and most of the times though, if not always...
Btw, you can ask any amount that you want as long as the Lender is covered with a good and Valid Collateral.
Even if it's only 1$...

First time creating a thread here
Not sure if I can reverse the self-moderated feature option but not deleting posts lol.

Now, that makes sense though

Imho i believe that any rule here in this Forum, does make sense and have a purpose.
I don't know either how and if you can change this but i am sure that someone here can and will help you out.

I agree with that. I don't think wasting my time asking a mod to change this feature on this thread is good though :p

[monbux]

Here are pretty much the only reasons:

Trying to build up trust
Trying to scrape what they can from their account (AKA selling)
Gambling
And sometimes, for a valid purpose, like covering for a transaction in which they are missing a small portion of thr payment.

[pinoycash]

In some part of the world where $1 is more than enough for 1 whole day meal (3x). thats maybe the reason, buy i only see some brandnew account asking small loans like from 0.001 they think they will be granted with the loan and they can run with it and will just repeat the process by creating new account and open a lending thread again

[noictib]

I know, not my business.

But I'm curious as to why people ask for 0.001 BTC loans (~$1) just to pay 0.0015 back (~$1.50).

I mean, if they can pay back $1.50 they surely have $1, right?

I'm not sure if I'm missing something here?

here users making buy in small amount because here are two reasons .
One is simply a need of btc in small amount .
Secondly they are making only small lend only because if any problem comes against him ( like economical problem of btc for him/her ) then still he will be able to pay in any conditions  , so to keep himself away from negative trust .