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Author Topic: Newbie about BTC lendig  (Read 749 times)
Petracarter
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April 21, 2013, 04:22:35 PM
 #21

i would advise not to lend money that is irreversible.
if he wants, he won't pay back. simple

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Joshster
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April 21, 2013, 04:26:35 PM
 #22

Well, the bank covers money overdrawn, the lender would receive their money and if I couldn't keep funds in the account then I would owe the bank.. I just don't have AM shares right now unfortunately

I have my overdraft turned off to prevent someone stealing my card details and racking up thousands in spending, I'm sure you can too.

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April 21, 2013, 04:39:32 PM
 #23

Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days
why not
SkippyLongBottom
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April 21, 2013, 05:20:59 PM
 #24

Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days
why not

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April 21, 2013, 06:38:16 PM
 #25

After looking more in depth on BTC loaning and collateral and how AM shares work I see the difficulties in the suggestions I posed.. At that amount of BTC I would need to wait until I get into AM shares and build a better foundation. That being said I would still be interested in getting into the BTC market and would still pose my offer for a much smaller amount, maybe 1BTC.. 2 month Loan.. I was looking into exchanges and my best bet looks to be coinbase in which I can link my bank account.. This is still going to be about a week before I get that coin.. I would like to play around a bit with bits today (no pun intended lol)..So I would still like to put up an offer for a single BTC.. with the lump sum offer and interest.. payback being after 1 month.. 0.6BTC and after 2 month 0.6BTC, lump sum 0.2BTC for a total payback of 1.4BTC.. I would still offer the direct deposit in which I link my Bank Account to lenders third party account or other account in which they have access to pull within repayment cycle time frame.
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