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Author Topic: 5 BTC Loan with 15% interest. To be invested in cryptocurrencies, and ASIC Miner  (Read 1420 times)
LiquidGamerX (OP)
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September 11, 2013, 04:52:23 PM
 #1

Check out this listing on BTCJam.com

https://btcjam.com/listings/6745

I am a small business owner (www.facebook.com/quesneltechnologysolutions) that is investing in cryptocurrencies. I also have a department that runs an asic bitcoin mining rig.
I need your help to increase profits for this month by investing in this microloan on BTCJam.com. This loan will be used to invest in more cryptocurrencies, and asic mining hardware.

Let me know if you have any questions about anything!  I will be happy to answer them!
KWH
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September 11, 2013, 05:48:42 PM
 #2

What are you offering for collateral?

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
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September 11, 2013, 05:56:33 PM
 #3

What are you offering for collateral?

BTCJAM users never offer collateral.  They just scam.

I post for interest - not signature spam.
https://elon.report - new B.P.I.P. Reports!
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LiquidGamerX (OP)
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September 11, 2013, 06:04:59 PM
 #4

I have a 55" LG LCD TV to sell.  Along with an Acer Chrome book, a macbook pro laptop, and a Toshiba satellite.  Would that work as collateral?  These items can be sold at half price, and still pay off the loan.
Magazine
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September 11, 2013, 06:06:27 PM
 #5

I have a 55" LG LCD TV to sell.  Along with an Acer Chrome book, a macbook pro laptop, and a Toshiba satellite.  Would that work as collateral?  These items can be sold at half price, and still pay off the loan.


No good sitting at your house and expensive to ship.
KWH
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September 11, 2013, 06:08:21 PM
 #6

I have a 55" LG LCD TV to sell.  Along with an Acer Chrome book, a macbook pro laptop, and a Toshiba satellite.  Would that work as collateral?  These items can be sold at half price, and still pay off the loan.
Why not sell an item or 2 for the amount requested? Collateral needs to be cheap enough to send for escrow and valuable enough to more than cover the loan amount plus interest.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
LiquidGamerX (OP)
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September 11, 2013, 06:13:50 PM
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No good sitting at your house and expensive to ship.

I figured since this is a loan with many investors, I would payback in BTC. I can sell these if something were to happen, and I don't have the money.  I won't be needing to sell these items, because I receive income monthly that will cover this loan.  However you asked for collateral, and that is what I have to offer.
KWH
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September 11, 2013, 06:19:25 PM
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No good sitting at your house and expensive to ship.

I figured since this is a loan with many investors, I would payback in BTC. I can sell these if something were to happen, and I don't have the money.  I won't be needing to sell these items, because I receive income monthly that will cover this loan.  However you asked for collateral, and that is what I have to offer.

Collateral isn't to cover you, it's to cover the loaner. Without it, I will not loan anything close to this amount.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
LiquidGamerX (OP)
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September 11, 2013, 06:57:35 PM
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You can invest as much as you feel comfortable with. Every little bit helps.
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September 11, 2013, 08:17:00 PM
 #10

What are you offering for collateral?

BTCJAM users never offer collateral.  They just scam.

There are some loans that are like 100% + secured...  Isn't that collateral?
Kouye
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September 11, 2013, 08:55:35 PM
 #11

There are some loans that are like 100% + secured...  Isn't that collateral?

Invest, find out and let us know. Grin

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
KWH
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September 11, 2013, 09:55:29 PM
 #12

What are you offering for collateral?

BTCJAM users never offer collateral.  They just scam.

There are some loans that are like 100% + secured...  Isn't that collateral?

"Secured" with a personal guarantee is worthless.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
LiquidGamerX (OP)
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September 11, 2013, 10:04:09 PM
 #13

"Secured" with a personal guarantee is worthless.

Unless you have faith of course.  Some people are not trying to scam others.
KWH
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September 11, 2013, 10:08:04 PM
 #14

"Secured" with a personal guarantee is worthless.

Unless you have faith of course.  Some people are not trying to scam others.

We never hear this, ever.
I don't care if you pork pigs and beat your cat as long as you gave collateral for your loan.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
LiquidGamerX (OP)
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September 11, 2013, 10:33:59 PM
 #15

We never hear this, ever.
I don't care if you pork pigs and beat your cat as long as you gave collateral for your loan.

How about an Alienware M17x laptop?  It's my mobile gaming laptop that I am willing to put up as collateral.
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September 11, 2013, 10:49:23 PM
 #16

How about an Alienware M17x laptop?  It's my mobile gaming laptop that I am willing to put up as collateral.

Just to make sure you are understanding everything right, that would require you mail your Laptop to whoever is offering you the loan, and having them mail it back after you repay the loan. You are looking at $40 or so for shipping both ways. However, someone would probably take you up on that offer.

Also, how long is the loan for?
Kouye
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September 11, 2013, 10:55:46 PM
 #17

How about an Alienware M17x laptop?  It's my mobile gaming laptop that I am willing to put up as collateral.

Paying for delivery fees back and forth looks more expensive, fee-wise, than just selling it for 5.5 BTC.
Just sell it.
Thank me later.

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
LiquidGamerX (OP)
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September 11, 2013, 11:11:18 PM
 #18

I would like the laptop back.  I really don't want to sell it, but can do without it for 30 days.  The loan gets paid back November 1st.
Kouye
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September 11, 2013, 11:16:25 PM
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I would like the laptop back.  I really don't want to sell it, but can do without it for 30 days.
If you don't need the laptop for 30 days, sell it.
Cause when you decide to sell it, after a month sleeping in your basement, it'll be worth only 4.5BTC. Sad

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
LiquidGamerX (OP)
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September 12, 2013, 02:51:55 AM
 #20

How about I do 4 BTC for the laptop as collateral.  Then whoever invests will only need to invest 4 bitcoins, and will receive the laptop.
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