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Author Topic: May someone please lend me 0.01 in bitcoin?  (Read 311 times)
asylum1
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May 30, 2017, 11:25:30 AM
 #1

I found what I think is a great investment opportunity and I would like to put 20 dollars on it at the moment but I can't get any bitcoin for probably about a week.

Repayment should be no later than june 6th.

edit-

if i can not repay you buy june 6th i will give you what i invested in or i could send you a small piece of gold or something alike in the mail.
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aadje93
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May 30, 2017, 11:28:45 AM
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To make it short did you read the sticky topics about lending or you just post and not care?

Do you have anything to offer as collateral if you default?

You can not come here and just ask for money and hope that you will get it please offer a valid collateral and come back and you should edit or lock the topic by yourself before you will be red painted for asking a non-collateral loan as a newbie.

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam
 
When should you use Escrow?

 - Never send collateral directly to a low activity/post account offering you a loan, as they are likely to take your coins and disappear. (Collateral Scam)
 - Use only "Hero Members" or "Legendary Members" for escrow - they have a vested interest in the community with the time they have spent here.
 - Do not use a third party escrow service unless hero members can vouch for it - it's too easy to create a website, do a few escrows then disappear with a big balance.  Rinse and repeat.
- A list of trusted escrows can be found here:  https://bitcointalk.org/index.php?topic=855778.0
 
When considering the trustworthiness of a user, ignore "Posts" as there are schemes that pay a user per post.  A person can make 1,000 useless posts in one day and contribute nothing to the community.  Instead look at the "Activity" number - that gives you a more accurate tally of how involved the user is in the community.

Ignore the sob stories that users post - it's just a scam to get your coins.  If a person really is in such a situation, they can turn to family, friends or other social circles they frequent.  They are just posting in our community because the payment is anonymous and irreversible.

asylum1
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May 30, 2017, 11:44:25 AM
 #3

updated
merelcoin
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May 30, 2017, 11:47:54 AM
 #4

I found what I think is a great investment opportunity and I would like to put 20 dollars on it at the moment but I can't get any bitcoin for probably about a week.

Repayment should be no later than june 6th.

edit-

if i can not repay you buy june 6th i will give you what i invested in or i could send you a small piece of gold or something alike in the mail.

Since almost all lenders require 120% collateral, in hand, i presume you're going to send $24 worth of gold in the mail to whoever is giving you the loan, and you're going to cover shipping costs both ways? This is going to end up costing you a lot more than the extra intrest...
aadje93
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May 30, 2017, 11:51:16 AM
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You would need to send the collateral first to the lender, but if he is newbie or untrusted you should select some trusted escrow to hold your collateral and it should be at least over 120% value from your original borrowed amount.

Shipping time and time to check if your gold is real would take over a week and since you said you can buy it only after a week why not just wait and save money?

Starlightbreaker
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May 30, 2017, 11:59:10 AM
 #6

I found what I think is a great investment opportunity and I would like to put 20 dollars on it at the moment but I can't get any bitcoin for probably about a week.

Repayment should be no later than june 6th.

edit-

if i can not repay you buy june 6th i will give you what i invested in or i could send you a small piece of gold or something alike in the mail.

Maybe you need to edit again your topic and offer a collateral this time?
or you dont see what other members wrote you already? Shocked

asylum1.
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May 30, 2017, 05:59:40 PM
 #7

OP here.

My account got auto-banned for IP change. I'm not a scammer trying to hide my IP but just by playing videos games you would not believe the hackers and other weirdos. I would expect a lot more weirdos on an internet forum centered around money.

I have a lot of ebooks I could provide as collateral. Other than that, I have nothing sufficient. The ebooks are based on computer sciences, survival manuals and lots of other stuff.
condoras
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May 30, 2017, 06:22:08 PM
 #8

OP here.

My account got auto-banned for IP change. I'm not a scammer trying to hide my IP but just by playing videos games you would not believe the hackers and other weirdos. I would expect a lot more weirdos on an internet forum centered around money.

I have a lot of ebooks I could provide as collateral. Other than that, I have nothing sufficient. The ebooks are based on computer sciences, survival manuals and lots of other stuff.

One question, Op.
It's so hard to read the stickies here or what others post before?
E-books are not consider a Valid Collateral, not even a...Collateral.

I will suggest you to start a sale thread about whatever you have and lock this one.
Keep asking a Loan without providing something sufficient, as you said, and the only thing that you can get is a neg.

asylum1.
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May 30, 2017, 06:29:48 PM
 #9

OP here.

My account got auto-banned for IP change. I'm not a scammer trying to hide my IP but just by playing videos games you would not believe the hackers and other weirdos. I would expect a lot more weirdos on an internet forum centered around money.

I have a lot of ebooks I could provide as collateral. Other than that, I have nothing sufficient. The ebooks are based on computer sciences, survival manuals and lots of other stuff.

One question, Op.
It's so hard to read the stickies here or what others post before?
E-books are not consider a Valid Collateral, not even a...Collateral.

I will suggest you to start a sale thread about whatever you have and lock this one.
Keep asking a Loan without providing something sufficient, as you said, and the only thing that you can get is a neg.

Sorry.

My original account got banned for IP change. If a mod could lock this thread than that would be great.

I will try to sell some ebooks, put out an offer or something like that. I guess I have to prove that I am legit to do business around here and I will try to do just that.
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