Need a loan 20 bitcoins

[DireWolfM14]

Easy. I was just kidding.

No problem, but you're right; the way I worded the warning wasn't clear.  I certainly didn't mean it the way it sounded.

PS; Go Liverpool!  

[1714899070]

1714899070

[1714899070]

1714899070

[hilipon]

I dont see 20 btc as huge amount

That's what all people who don't have money say when they ask for a huge loan.

I am not in the US, but I can pay you tickets *both ways, its Georgia country

That sounds like a great way to get robbed!

I don't have money, but i have all other things, I invested all i had, need more.
How can you get robbed? Is US only secure place on a planet earth? !!

[shasan]

I dont see 20 btc as huge amount

That's what all people who don't have money say when they ask for a huge loan.

I am not in the US, but I can pay you tickets *both ways, its Georgia country

That sounds like a great way to get robbed!

I don't have money, but i have all other things, I invested all i had, need more.
How can you get robbed? Is US only secure place on a planet earth? !!

As the property is not based on virtual, you cant take loan virtually. You should go to a bank or well-known person who does lending business to take the loan by giving your property as collateral.

[hilipon]

That's not my intent, but I see why someone might think that.  My apologies. 

Easy. I was just kidding.

@OP please check your feedback page. I left a warning for you. I hope in the future you don't do the same. Please read the forum and be a part of the community. May be some day people will help you if they see a real reason. Also, always be realistic.



Good luck.

What's the warning?

[shasan]

@OP please check your feedback page. I left a warning for you. I hope in the future you don't do the same. Please read the forum and be a part of the community. May be some day people will help you if they see a real reason. Also, always be realistic.

Jocking!!
If you left negative trust is there anything loss of OP? And your neutral trust is nothing can help/prevent. The only thing is fit which already given by Condoras. Newbie with a red trust is enough. No need multi-tag or neutral tag for them.

[DireWolfM14]

I retract my offer.  I'm not willing to attempt to secure real estate outside the U.S.  And for clarity that was 20% annual interest rate, compounding monthly.  

Annual interest rate can be 24-25 %. I can pay that. I have land, car, house, all of which are very good priced on the market. If you are afraid of something we can clear all out on video chat.

It can be difficult enough dealing with lawyers and contracts in my preferred language; English, let alone attempting to translate.  So, yes I am afraid.  Also, if the loan is defaulted and I have to try to sell property in a country I have no familiarity with, that could cost a lot more than I potentially stand to gain by providing the loan.  The risk is too high for the upside, hence my retraction.

Like Shasan suggests, you are probably better off searching for a loan from a bank or a real estate investment firm in Georgia.

Jocking!!

I think that was in reference to calling me out for "blackmail."

[hilipon]

I retract my offer.  I'm not willing to attempt to secure real estate outside the U.S.  And for clarity that was 20% annual interest rate, compounding monthly.  

Annual interest rate can be 24-25 %. I can pay that. I have land, car, house, all of which are very good priced on the market. If you are afraid of something we can clear all out on video chat.

It can be difficult enough dealing with lawyers and contracts in my preferred language; English, let alone attempting to translate.  So, yes I am afraid.  Also, if the loan is defaulted and I have to try to sell property in a country I have no familiarity with, that could cost a lot more than I potentially stand to gain by providing the loan.  The risk is too high for the upside, hence my retraction.

Like Shasan suggests, you are probably better off searching for a loan from a bank or a real estate investment firm in Georgia.

Lawyers, contracts and translation is very easy, English is like second language for all educated people here. All the paper work is very cheap, including lawyers fees. People are friendly and hospitality is a key for us, lahere nd house or car can be evaluated and compared to market values, if anything goes wrong i will help you to sell, which is basically very easy.
Im not interested to find locals because, people here want 2 dollars from investing one, market is very attractive, level of competition is low and if you have good business here earnings are high.

[Patatas]

Lawyers, contracts and translation is very easy, English is like second language for all educated people here. All the paper work is very cheap, including lawyers fees. People are friendly and hospitality is a key for us, lahere nd house or car can be evaluated and compared to market values, if anything goes wrong i will help you to sell, which is basically very easy.
Im not interested to find locals because, people here want 2 dollars from investing one, market is very attractive, level of competition is low and if you have good business here earnings are high.

Maybe apply for a bank loan then? From the information posted here, banks certainly will be interested in giving you a huge loan by taking your assets as collateral. They want to give money to people who have assets lol I doubt anyone from bitcointalk will fly all the way to Georgia to fill your loan.

[hilipon]

Lawyers, contracts and translation is very easy, English is like second language for all educated people here. All the paper work is very cheap, including lawyers fees. People are friendly and hospitality is a key for us, lahere nd house or car can be evaluated and compared to market values, if anything goes wrong i will help you to sell, which is basically very easy.
Im not interested to find locals because, people here want 2 dollars from investing one, market is very attractive, level of competition is low and if you have good business here earnings are high.

Maybe apply for a bank loan then? From the information posted here, banks certainly will be interested in giving you a huge loan by taking your assets as collateral. They want to give money to people who have assets lol I doubt anyone from bitcointalk will fly all the way to Georgia to fill your loan.

Hello there, local banks deny loans on startup businesses here, they want well established business to give a loan, especially when it's related to crypto or technology.

[Patatas]

Lawyers, contracts and translation is very easy, English is like second language for all educated people here. All the paper work is very cheap, including lawyers fees. People are friendly and hospitality is a key for us, lahere nd house or car can be evaluated and compared to market values, if anything goes wrong i will help you to sell, which is basically very easy.
Im not interested to find locals because, people here want 2 dollars from investing one, market is very attractive, level of competition is low and if you have good business here earnings are high.

Maybe apply for a bank loan then? From the information posted here, banks certainly will be interested in giving you a huge loan by taking your assets as collateral. They want to give money to people who have assets lol I doubt anyone from bitcointalk will fly all the way to Georgia to fill your loan.

Hello there, local banks deny loans on startup businesses here, they want well established business to give a loan, especially when it's related to crypto or technology.

I doubt it works that way. They will be taking your collateral for a reason. Like they don't care if your business is a hit or a miss, if you can't afford paying the loan back they will just sell your assets and get the money back. I'd definitely give you a loan if I was a bank. Your knowledge on finance seems weak, apply to a bank you'll get this loan as all the banks in the world follow the same standard lending procedures.

[akamit]

Hello there, local banks deny loans on startup businesses here, they want well established business to give a loan, especially when it's related to crypto or technology.

Yes, you are right local banks will deny loans on startups. Your country's bank policy is same as like mine.
But you should check alternatives in your country and I'm sure your country has such private entities, private lenders etc.
Though I believe these private entities and lenders will ask for the higher interest rate which will be a pain in the ass for sure.
Bitcointalk doesn't work the way you have approached... Everything has their own rules & regulations. I hope you can understand the system.

I doubt it works that way. They will be taking your collateral for a reason. Like they don't care if your business is a hit or a miss, if you can't afford paying the loan back they will just sell your assets and get the money back. I'd definitely give you a loan if I was a bank. Your knowledge on finance seems weak, apply to a bank you'll get this loan as all the banks in the world follow the same standard lending procedures.

Banks see the business before they issue a loan, not the collateral. Just to secure the Bank they take collateral. Banks do not give a loan just because you have high valued properties.
And in many counties afaik Banks do not provide loans to startups, the minimum business age requirement is 2 or 3 years and it varies bank to bank.
This is the policy of my country banks and I assume OP's country is following the same policy.

[Patatas]

Banks see the business before they issue a loan, not the collateral. Just to secure the Bank they take collateral. Banks do not give a loan just because you have high valued properties.
And in many counties afaik Banks do not provide loans to startups, the minimum business age requirement is 2 or 3 years and it varies bank to bank.
This is the policy of my country banks and I assume OP's country is following the same policy.

Who said take a business loan? Take a personal loan on the basis of your valued assets? He is asking for 20 bitcoins which isn't a big amount for the banks to sponsor on the basis of his assets. Banks want to loan you as desperately as you want the loan if you have valid collateral.

[akamit]

Banks see the business before they issue a loan, not the collateral. Just to secure the Bank they take collateral. Banks do not give a loan just because you have high valued properties.
And in many counties afaik Banks do not provide loans to startups, the minimum business age requirement is 2 or 3 years and it varies bank to bank.
This is the policy of my country banks and I assume OP's country is following the same policy.

Who said take a business loan? Take a personal loan on the basis of your valued assets? He is asking for 20 bitcoins which isn't a big amount for the banks to sponsor on the basis of his assets. Banks want to loan you as desperately as you want the loan if you have valid collateral.

OP mentioned business, that's why I wrote the rules of business loan.

Regarding personal loan,
the one who takes the loan still need to show proof of income during the time you applied for the loan. So only valid collateral doesn't work in regards to issuing a loan.

In my country, BTC20 = $80k+ is not considered as a personal loan afaik. The maximum amount could be $10k to $15k which is considered as personal loan as far as I remember.
And for the personal loan in my country you don't need to provide collateral, you just need a solid proof of income (a job or a business).

I believe every country has its own banking rules, except the common rules they must follow from the world bank.

[hilipon]

Banks see the business before they issue a loan, not the collateral. Just to secure the Bank they take collateral. Banks do not give a loan just because you have high valued properties.
And in many counties afaik Banks do not provide loans to startups, the minimum business age requirement is 2 or 3 years and it varies bank to bank.
This is the policy of my country banks and I assume OP's country is following the same policy.

Who said take a business loan? Take a personal loan on the basis of your valued assets? He is asking for 20 bitcoins which isn't a big amount for the banks to sponsor on the basis of his assets. Banks want to loan you as desperately as you want the loan if you have valid collateral.

Banks here *Georgia doesn't count collateral, they count risk factors, and when you are new business they easily say no, because they want to deal with well established businesses, they prefer to lower own risks to the bare minimum, nobody wants to deal with your collateral take it and sell, they just want to earn money on their percentages.

[DireWolfM14]

Banks here *Georgia doesn't count collateral, they count risk factors, and when you are new business they easily say no, because they want to deal with well established businesses, they prefer to lower own risks to the bare minimum, nobody wants to deal with your collateral take it and sell, they just want to earn money on their percentages.

This is somewhat telling.  I don't quite understand why the banks would not accept real property as collateral, unless of course the real estate is already under mortgage.  If the property is owned by you, with no outstanding liens, and the banks will still not accept it as collateral that shows the risk involved in fulfilling your loan is more than the potential gain.  Banks are in the business of making money, and they tend to be risk averse.  In my opinion there is no better judge of the risk inherent in your request than the banks in your country.