Microloan for Collateral

[pinkgeldof]

Hi,
I know i am a noob so I hope this does not hurt me, I can provide whatever proof or trustworthiness from other sites I am more established at in a PM.

I am looking for a micro loan of .10; I am going to use this as collateral to get a loan on a mainstream bitloan lender. Then to use that to get a bigger one and after that leveraged futures. I am successful in applying a method of trading with leverage used in equity options and futures to bitcoin. 

I would be willing to accept a lower loan too to establish trust and I would like to hopefully establish a relationship with one or more lenders here will who lend to me in the future on a regular basis.

I would also pay higher interest rate around 10 percent(at first anyway) and I would repay the loan within a week, if not days.

[1715019479]

1715019479

[1715019479]

1715019479

[blackrabbit1]

Hi,
I know i am a noob so I hope this does not hurt me, I can provide whatever proof or trustworthiness from other sites I am more established at in a PM.

I am looking for a micro loan of .10; I am going to use this as collateral to get a loan on a mainstream bitloan lender. Then to use that to get a bigger one and after that leveraged futures. I am successful in applying a method of trading with leverage used in equity options and futures to bitcoin. 

I would be willing to accept a lower loan too to establish trust and I would like to hopefully establish a relationship with one or more lenders here will who lend to me in the future on a regular basis.

I would also pay higher interest rate around 10 percent(at first anyway) and I would repay the loan within a week, if not days.

lol, loan for collateral
Anyone who fill your request is expecting exact $0 in return

[pinkgeldof]

That doesn't make any sense, A> you don't understand leverage, I am not going to explain the chain, I should have  dumbed down the post.

They are going to get the payment back right away, because that loan will be used to provide collateral for another loan in addition to my funds. So say it's 500 dollars in bitcoin I want through a normal lender, I put up 250, 125 I get from a lender here; the lender gives me 500, of that 125 I return it the original lender.

It's really pretty simple and I've done it before.  The idea is to establish a relationship so in these commercial lenders it builds up my credit and then the lender here will in the future give me larger loans,  and this is all to ultimately leverage trading on exchange.  

If you can't understand what I alluded to in the original post and is common sense.

Edit; I was annoyed in my post because I came here as a new member seeking help and the response was rude but I apologize for any offense.

[L_777]

That doesn't make any sense, A> you don't understand leverage, I am not going to explain the chain, I should have  dumbed down the post.

They are going to get the payment back right away, because that loan will be used to provide collateral for another loan in addition to my funds. So say it's 500 dollars in bitcoin I want through a normal lender, I put up 250, 125 I get from a lender here; the lender gives me 500, of that 125 I return it the original lender.

It's really pretty simple and I've done it before.  The idea is to establish a relationship so in these commercial lenders it builds up my credit and then the lender here will in the future give me larger loans,  and this is all to ultimately leverage trading on exchange.  

If you can't understand what I alluded to in the original post and is common sense.

Edit; I was annoyed in my post because I came here as a new member seeking help and the response was rude but I apologize for any offense.

And what happens exactly when your trade goes sideways?  Get another micro loan under a different account maybe?

[LoyceV]

I should have  dumbed down the post.

Please do so! Meanwhile, although I usually don't tag Newbies asking for no collateral loans, allow me to do what Vod usually does:

Newbie wants a no collateral 0.1 BTC loan to use as collateral to take a 0.8 BTC loan to establish a reputation. Did I interpret this sorcery correctly?

It's a nice touch to call $376 a "microloan", but it won't work.

I am looking for a micro loan of .10; I am going to use this as collateral to get a loan on a mainstream bitloan lender

Loan Amount:0.8 Reason for Taking out a Loan: To establish rep, exchange

Nice try

[pinkgeldof]

maybe it's not a microloan in the 3-rd world country you live in lmao.

I already gave up on a micro-loan because of the pyschos like you  responding. Don't you have anything better to do and your not the lender.
 The lenders I asked like normal civilized human beings had normal civilized responses to my requests and one even answered a pm and invited me to apply in the future once I had establish a rep.

But because of annoying people like you who won't mind their own business, it's not worth trying.  People like you give BTC a bad name and why people stay away from it and see it as weird/fake.

[blackrabbit1]

maybe it's not a microloan in the 3-rd world country you live in lmao.

I already gave up on a micro-loan because of the pyschos like you  responding. Don't you have anything better to do and your not the lender.
 The lenders I asked like normal civilized human beings had normal civilized responses to my requests and one even answered a pm and invited me to apply in the future once I had establish a rep.

But because of annoying people like you who won't mind their own business, it's not worth trying.  People like you give BTC a bad name and why people stay away from it and see it as weird/fake.

LMAO, l was just going to ignore this thread, but let's see who is not civilized  

1. You are asking for a no collateral with a brand new account - the first thing you came to this forum is requesting for a loan, and you don't even bother read the rules.
2. You're going to use the loan you got to get a loan from another lender - so you're actually using something you don't really own as collateral to borrow the money from another lender, this is cheating. Besides that, why would anyone offer you a bigger loan with collateral that has less value than the loan amount? That makes no sense.
You're not using one altcoin as collateral to get loan on another altcoin, you're using BTC to ask for BTC loan. If you use 0.1BTC as collateral and asking for 0.2BTC loan, why don't you just ask for 0.1BTC loan only, because you already have 0.1BTC? You can pay less interests, why not?
3. You said you're willing to accept a lower loan amount to establish trust, why don't you first do some contribution to the community, so people will start to trust you? Also, if there's really really really (it's important, so I say 3 times) a lender, who is willing to offer you a loan amount higher than the value of your collateral, what's the amount he is offering and what collateral he require? It must be a fixed amount or term, unless you're just playing some stupid BTC doubler.
4. To sum up, you call it chain of trust, but you're just making long post to cover the fact that you're asking for no collateral loan with newbie account. The reason I say the lender will expect exact zero in return, is because the lender/borrower relationship is actually only took place between the 2 lenders that's stupid enough to offer you any penny, you can easily get away on this. The another "kind lender" is either not exist or just eager to make you fall into his trap.

[grtthegreat]

maybe it's not a microloan in the 3-rd world country you live in lmao.

I already gave up on a micro-loan because of the pyschos like you  responding. Don't you have anything better to do and your not the lender.
 The lenders I asked like normal civilized human beings had normal civilized responses to my requests and one even answered a pm and invited me to apply in the future once I had establish a rep.

But because of annoying people like you who won't mind their own business, it's not worth trying.  People like you give BTC a bad name and why people stay away from it and see it as weird/fake.

Let me help you with this. I'm an active lender, and a loan of 0.1BTC is by no means a microloan. Any amount less than 0.02BTC might be considered a microloan. And loan for a loan seems extremely dubious and raises red flags. Without a collateral that's at least 120% of your asked amount, you are unlikely to find a lender.

[pinkgeldof]

374 dollars is chump change lmao.  It's not a loan for a loan; again I should have dumbed it down.  I should have said something like I am going to use it to change the world and take down banking industry or free edward snowden or buy a bunny or  something silly like that. A loan is a loan, it's irrevant what you use it for; but I guess to some people here that matters alot in their little brains and if they can comprehend why you are using it and if they can't that draws' red flags'

I've gotten 10k loans in real life and approved up to 30k; but hey maybe btc users are poor so a few hundred dollars is considered alot.  It makes sense btc users are poor as they are trying to use fake money as some sort of scheme to replace real money.

 Like I said I moved on because of the pyscho/weird responses.  So if people want to keep responding and moaning and going on about whatever as if I killed someone or as if I took a micro loan and didn't pay it back;  I don't really care

[LoyceV]

374 dollars is chump change

Sure it is! And I would believe you, if not for the fact that you don't have it.

maybe btc users are poor so a few hundred dollars is considered alot

Trololo! If only you'd have this small amount of money, you wouldn't need a loan.
I'll tell you what: once you get your hands on this small amount of money, how about you lend it out to anonymous Newbies on this board?

[dandannn]

It makes sense btc users are poor as they are trying to use fake money as some sort of scheme to replace real money.

HAHA nice approach, asking 'btc users' for a loan, then insulting 'btc users' when nothing is offered, classy!

[Initscri]

A loan is a loan, it's irrevant what you use it for;

Go into any bank asking for a loan and tell them that. See what their response is.

I don't care who you ask, giving $374 to a random person without any valid collateral is throwing away money. No one who actually worked hard for their money would take this offer seriously.

[pinkgeldof]

It's not part of the lending criteria, it's a formal question that is sometimes asked, but the answer has very little significance on the outcome.  I am sorry that you think 300 dollars is alot, I am starting to think that I should start a charity for bitcoin users. Apparently they are are very poor.  

Again another pyscho response. I don't know how many times I have to reiterate to you morons, I moved on.   But again keep giving your unwanted opinions they are entertaining.

[pinkgeldof]

374 dollars is chump change

Sure it is! And I would believe you, if not for the fact that you don't have it.

maybe btc users are poor so a few hundred dollars is considered alot

Trololo! If only you'd have this small amount of money, you wouldn't need a loan.
I'll tell you what: once you get your hands on this small amount of money, how about you lend it out to anonymous Newbies on this board?

I already explained the purpose, do you drool when you talk? Do your arms hit the ground? Again I don't know how many times I have to explain, I moved on from this. I don't think this is registered in the monkey brains of the users here.

FYI; I did get a micro-loan on another forum... and *gasp*.. over 100 dollars and as a 'newbie'. OMGGGGG  

[bias]

FYI; I did get a micro-loan on another forum... and *gasp*.. over 100 dollars and as a 'newbie'. OMGGGGG  

FYI words without proof is dust in the air, noob.

[dandannn]

FYI; I did get a micro-loan on another forum... and *gasp*.. over 100 dollars and as a 'newbie'. OMGGGGG  

FYI words without proof is dust in the air, noob.

We will never see proof of anything he has said!

[DireWolfM14]

Again another pyscho response.

Irony.  Look, you come off like a well educated, but extremely inexperienced 15 year old kid, so I'm gonna go soft on you.  Lets play a guessing game: You're stuck in your mother's basement on a cold winter break, bored out your mind.  You read somewhere that scammers like to use bitcoin because it's "untraceable," and thought to yourself "Hey, I can scam someone out of some of that there bitcorn," and here you are.

Well, how did I do?

[pinkgeldof]

FYI; I did get a micro-loan on another forum... and *gasp*.. over 100 dollars and as a 'newbie'. OMGGGGG  

FYI words without proof is dust in the air, noob.

We will never see proof of anything he has said!

Why would I give you losers proof and divulge my private information? lol its not that hard to believe.. im not saying as a noob i got a 10k bitcoin loan

[pinkgeldof]

Again another pyscho response.

Irony.  Look, you come off like a well educated, but extremely inexperienced 15 year old kid, so I'm gonna go soft on you.  Lets play a guessing game: You're stuck in your mother's basement on a cold winter break, bored out your mind.  You read somewhere that scammers like to use bitcoin because it's "untraceable," and thought to yourself "Hey, I can scam someone out of some of that there bitcorn," and here you are.

Well, how did I do?

Yes I am a highly educated 15 year old Harvard graduate.   Listen monkey your genius response while awe inspiring is wrong and nice try to spin things around to make me look like the bad guy.
It's you crazies who are weird and likely have no life because you have nothing better  to do despite having -zero connection- to harass me.