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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: BTC Car/Land Loan.. need help  (Read 878 times)
GreenBits (OP)
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February 09, 2014, 08:16:03 PM
 #1

Curious, I was wondering what procedure was required to legally and contractually put up a car, or a small piece of land as collateral for a btc loan? are there any lenders that specialize in this area, or would you guys honestly suggest getting a traditional loan on one of the assets in fiat and purchase btc with it? recently got hacked and looking at liquidation/borrowing against some of my physical assets

Appreciated in advance,
~Green
lewisg
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February 20, 2014, 05:14:10 AM
 #2

Done any other trades on this forum?

GreenBits (OP)
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February 20, 2014, 10:59:59 PM
 #3

only 1, the lack of escrow makes me utilize localbitcoins usually for purchases. please review my history there, here is a link to one of my ads.

https://localbitcoins.com/ad/79204/cash-out-your-bitcoins-cash-deposit-bank-of-americawells-fargo

tried to sell a 1000w hps on here once, no one bit.
will repost that actually, now that I think of it


I've been considering other options than this, weighing the time/effort it would take to establish the contract with someone x distance away from where i live. but, until I am aware of what the process will fully entail, im open to advice/suggestions

but anyway, I am myself; I don't bullshit with people's time or value and I expect the same. Please take this as a serious solicitation for advice/a loan (I see the loan board kind of like a "pressure release valve" for the lending trolls.) granted, the level of "naivety" the scam artists perpetrate here is so comical you can't help but bite (need to borrow 100 btc! for silk road! no collateral! Roll Eyes)

A few here may be able to attest to my character, but no one here knows me well enough to vouch for me; they would be lying to you.

Thank you for consideration of my post.

~Green
GreenBits (OP)
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February 21, 2014, 10:38:17 PM
 #4

The more i read the lending forums, the more i see that this isnt the place for the type/magnitude of loan i seek. ive made decent recovery since my hack; being all btc this made me indigent for a moment. the depressed price of bitcoin atm is not helping the situation.


with that being said, i think id rather suffer a little more hardship temporarily or sell off assets than be indebted to some of the characters here. there is little goodwill in this place.

thanks for the information everyone has contributed; i appreciate the input.

ive decided that a loan is not the route for me. this thread can be locked by a moderator.

~Green
KWH
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In Collateral I Trust.


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February 22, 2014, 04:42:58 AM
 #5

The more i read the lending forums, the more i see that this isnt the place for the type/magnitude of loan i seek. ive made decent recovery since my hack; being all btc this made me indigent for a moment. the depressed price of bitcoin atm is not helping the situation.


with that being said, i think id rather suffer a little more hardship temporarily or sell off assets than be indebted to some of the characters here. there is little goodwill in this place.

thanks for the information everyone has contributed; i appreciate the input.

ive decided that a loan is not the route for me. this thread can be locked by a moderator.

~Green


You can lock it yourself, look at the bottom.

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
GreenBits (OP)
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February 22, 2014, 06:12:47 AM
 #6

thx man
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