BTCjam - Any Thoughts or Experiances

[shmoula]

Hey, are any borrowers here? How can I repay whole listing? There are no options to do that (nor even single payments)!

[BTC-Bank]

Hey, are any borrowers here? How can I repay whole listing? There are no options to do that (nor even single payments)!

You can repay it one by one payment (single payments all together).There is not other way at the moment to repay it all together.

Kind Regards,
BTC-Bank.

[shmoula]

Thanks, but I even don't see any button for one-by-one payment - not in the listing itself, not in loans table. Where I can find it? I promised to pay instantly, but it's second day now and I'm a little bit nervous.

You can repay it one by one payment (single payments all together).There is not other way at the moment to repay it all together.

Kind Regards,
BTC-Bank.

[BTC-Bank]

Thanks, but I even don't see any button for one-by-one payment - not in the listing itself, not in loans table. Where I can find it? I promised to pay instantly, but it's second day now and I'm a little bit nervous.

You can repay it one by one payment (single payments all together).There is not other way at the moment to repay it all together.

Kind Regards,
BTC-Bank.

I don't quite understand your question but i think you asking how you can pay it.
You can go to the payments tab and on the bottom of the pages you will the buttons for each day which says ''pay now'' hit them one by one follow what is saying and when you push it all one by one thats it you have paid it!

Which member you are, if you dont mind for asking?

Kind Regards,
BTC-Bank

[shmoula]

OMG! It's hidden under payments!!! Why they don't have it under loans tab? Thank you! (Im "User #666" in there)

I don't quite understand your question but i think you asking how you can pay it.
You can go to the payments tab and on the bottom of the pages you will the buttons for each day which says ''pay now'' hit them one by one follow what is saying and when you push it all one by one thats it you have paid it!

Which member you are, if you dont mind for asking?

Kind Regards,
BTC-Bank

[BTC-Bank]

OMG! It's hidden under payments!!! Why they don't have it under loans tab? Thank you! (Im "User #666" in there)

I don't quite understand your question but i think you asking how you can pay it.
You can go to the payments tab and on the bottom of the pages you will the buttons for each day which says ''pay now'' hit them one by one follow what is saying and when you push it all one by one thats it you have paid it!

Which member you are, if you dont mind for asking?

Kind Regards,
BTC-Bank

Yes my friend this is the refi do not go to loan page.You will go the payments page tab and there in the bottom you will see them.Try to find the payments tab when you are on dashboard it is us up on the page.

Kind Regards,
BTC-Bank.

[BTC-Bank]

OMG! It's hidden under payments!!! Why they don't have it under loans tab? Thank you! (Im "User #666" in there)

I don't quite understand your question but i think you asking how you can pay it.
You can go to the payments tab and on the bottom of the pages you will the buttons for each day which says ''pay now'' hit them one by one follow what is saying and when you push it all one by one thats it you have paid it!

Which member you are, if you dont mind for asking?

Kind Regards,
BTC-Bank

Ok happy that you find it!My pleasure to help i have also follow you there!

Kind Regards,
BTC-Bank.

[TriggerX]

I don't really like BTCjam and if I ever need a loan I usually post it here. I think BTCjam requires too much of my personal info to get a trade. While investing is pretty profitable the only time you will see my use BTCjam is investing.

[BTC-Bank]

Hi @TriggerX what do you mean by post it here?I am investor and borrower too on BTCjam for almost 10 months now and i agree with you BTCjam ask for alot of personal information but this is to make it as more secure as it can be... this ''verify'' in my opinion doesnt make it real ''secure'' and everyone who have invest there knows it.I believe that they can take bigger security measures to improve it..
I really dont find it as good opportunity for someone new without experience to start investing there but my friedly advise for anyone reading this and want to involved with is to just follow, watch and see how the system works before invest, dont get blind by big interests only and learn how to avoid scams (at least those that scream).I have see alot of people burned and special borrow to get burned in the end...

Kind Regards,
BTC-Bank.

[dyask]

Hi @TriggerX what do you mean by post it here?I am investor and borrower too on BTCjam for almost 10 months now and i agree with you BTCjam ask for alot of personal information but this is to make it as more secure as it can be... this ''verify'' in my opinion doesnt make it real ''secure'' and everyone who have invest there knows it.I believe that they can take bigger security measures to improve it..
I really dont find it as good opportunity for someone new without experience to start investing there but my friedly advise for anyone reading this and want to involved with is to just follow, watch and see how the system works before invest, dont get blind by big interests only and learn how to avoid scams (at least those that scream).I have see alot of people burned and special borrow to get burned in the end...

Kind Regards,
BTC-Bank.

It isn't a secure investment and there are still far to many scammers.   The arbitration award is a joke, if someone owes you less than $10 (US), there really isn't much you can do about it.   I probably have 30 or 40 of these now.   The sum is a lot but each one is hard to recover. 

So far I have 1302 payments received and 198 that are overdue.   This mostly A & B loans.   If you are investing in lower grade loans you'll probably run into a lot more scams.   Frankly at this point I doubt I ever get back to my investment amount.

[BTC-Bank]

Hi @TriggerX what do you mean by post it here?I am investor and borrower too on BTCjam for almost 10 months now and i agree with you BTCjam ask for alot of personal information but this is to make it as more secure as it can be... this ''verify'' in my opinion doesnt make it real ''secure'' and everyone who have invest there knows it.I believe that they can take bigger security measures to improve it..
I really dont find it as good opportunity for someone new without experience to start investing there but my friedly advise for anyone reading this and want to involved with is to just follow, watch and see how the system works before invest, dont get blind by big interests only and learn how to avoid scams (at least those that scream).I have see alot of people burned and special borrow to get burned in the end...

Kind Regards,
BTC-Bank.

It isn't a secure investment and there are still far to many scammers.   The arbitration award is a joke, if someone owes you less than $10 (US), there really isn't much you can do about it.   I probably have 30 or 40 of these now.   The sum is a lot but each one is hard to recover. 

So far I have 1302 payments received and 198 that are overdue.   This mostly A & B loans.   If you are investing in lower grade loans you'll probably run into a lot more scams.   Frankly at this point I doubt I ever get back to my investment amount.

We are saying the same @dyask!This is the reason i give it a caution on my post.I have 9230 paid 1779 pending 40 overdue at the moment i used to have more overdue (around 250) but i am trading them before arbitration as i dont find it useful at all .I am still a learner but i really like the idea and all the concept.I learn alot of new people around the world i saw a lot of ideas on loans, i improve my self to avoid scammers and final i really like to help real people wich trying for the dreams.I wont stop investing there as i believe that i have still to take a lot of knowledge via my investments or my loans.As i said before opportunity not exactly but it can be profitable with time..

Also about investing risks and losses there are everywhere i am not hunting them or wait for them i am just move on.I just hope that BTCjam will increase securities and respond to scam alert to avoid big scammers.

Kind Regards,
BTC-Bank.

[BTCballa]

perhaps off topic, but i got my first loan approved. it was for .25 but i only received .24. any info on this would be appreciated
 

[BTC-Bank]

Hello @BTCballa it is the fees from BTCjam.Every time you will take a loan BTCjam will take a fee from it.In this case of your loan is 0.01BTC and when you take a bigger one the fee percent it will be greater except if you take a loan which is more than 5 BTC then the fee percent is lower. .I hope that i helped!

Kind Regards,
BTC-Bank.

[EvBitcoinFan]

I've gone ahead and created a loan listing. Great to read people's feedback here.

[Minerjoe]

It all comes down to the question of collateral. The first company which sucessfuly deals with this ll be market maker. ATM, it s simply very hard to trust people you lend BTC to, even with differentiation of loans, you ll end up with a lot of them in default.

[BTCBLOGGER]

Ya lost my money nearly 12$ and I also don't know how to recover without spending a penny

[ders01]

HI,

I will be glad if somebody can share experience how you calculate return on BTCjam.

it is quite simple to see what are dates and amounts of my deposits. Seems I can see received Interest (as one sum)

But I have problems to understand what are my outstanding principals today.

Also I cannot understand where to find info about gain/losses when I am buying/selling notes.

Also, anybody need split between principals and interest - I think it is base to declare taxes (as example). I am right that at BTCjam all is mixed together?

Thank you for any advise or links describing calculation of xirr at btcjam.

Thanks!

[ProudMiner]

Too many scammers, I've lost 0.5 BTC there and all I have is an e-mail account full of arbitrations, there's no real protection for the investor.
Stay away!

[dyask]

Too many scammers, I've lost 0.5 BTC there and all I have is an e-mail account full of arbitrations, there's no real protection for the investor.
Stay away!

Pretty much my experience too.   The given advice of diversifying only gets you a lot more useless arbitrations.   Too little money per award to really go after someone.   

[ders01]

Pretty much my experience too.   The given advice of diversifying only gets you a lot more useless arbitrations.   Too little money per award to really go after someone.   

This arbitrage cost you something? Have anybody seen any starts about recovery of debts?