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Author Topic: (BTCJam) Funded early by mistake & I'm short  (Read 1551 times)
dairymaid (OP)
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March 13, 2014, 04:41:43 AM
Last edit: March 13, 2014, 05:04:36 AM by dairymaid
 #1

 
I had an open loan @ BTCJam for BTC1 @ 6% over 180 days. I funded
the loan when it got to 70% thinking it would still be open for investments(obviously not)

This makes me short the BTC for my mining goals, oops : P
So, I put up a refresh loan for BTC.75, which would make
the total higher then BTC1 but I had low balled the amount needed the first time.

*Edit* I have a BFL 1 year contract @ 10/GHs Preorder if there is a way that can be used
as collateral, but I'm more looking to go through BTCJam if at all possible

Obviously it brought my credit down to a C, so the new loan is less seen
among other things. I was hoping it might get seen a bit more this way.
I only lurk here, so it would be the best to assess me on BTCjam stats which
is under the same alias "dairymaid".

This might be an odd looking loan request, but hopefully not too odd.
Thanks for giving this a read or possibly investing!

       DM


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KWH
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March 13, 2014, 04:50:19 AM
 #2


I had an open loan @ BTCJam for BTC1 @ 6% over 180 days. I funded
the loan when it got to 70% thinking it would still be open for investments(obviously not)

This makes me short the BTC for my mining goals, oops : P
So, I put up a refresh loan for BTC.75, which would make
the total higher then BTC1 but I had low balled the amount needed the first time.

Obviously it brought my credit down to a C, so the new loan is less seen
among other things. I was hoping it might get seen a bit more this way.
I only lurk here, so it would be the best to assess me on BTCjam stats which
is under the same alias "dairymaid".

This might be an odd looking loan request, but hopefully not too odd.
Thanks for giving this a read or possibly investing!

       DM




What are you putting up 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
dairymaid (OP)
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March 13, 2014, 05:29:19 AM
 #3

I edited my post about that
Vod
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March 13, 2014, 05:40:42 AM
 #4

*Edit* I have a BFL 1 year contract @ 10/GHs Preorder if there is a way that can be used
as collateral, but I'm more looking to go through BTCJam if at all possible

Neither of those can be used as collateral.  BTCJam doesn't require collateral but has lots of scams - you won't get investor support from here.

https://nastyscam.com - landing page up     https://vod.fan - advanced image hosting - coming soon!
OGNasty has early onset dementia; keep this in mind when discussing his past actions.
dairymaid (OP)
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March 13, 2014, 05:49:42 AM
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oh, that's too bad..Is there a better way to communicate with BTCjam users?
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March 14, 2014, 04:09:33 AM
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oh, that's too bad..Is there a better way to communicate with BTCjam users?

Just don't use BTCjam. That's what anyone here who has any idea (from my experience) would tell you.
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March 16, 2014, 08:54:03 AM
 #7

The same way planning your business or family budget, planning is an important part of using BTCJam. Our credit score takes into account open loans you have and we try to prevent scammers from opening more loans before they've repaid old ones.

The best is for you is probably to buy a less powerful mining hardware, repay the loan and then try again with a bigger loan from the get go. Always makes sense to go a bit bigger than what you really need, in case your loan gets only partially funded. We should make this clearer in our user education and I will forward this to our product team.

ncsupanda, I'm sorry you've had negative experiences. Can you elaborate? We've come along way in recent months with our credit scoring algorithm and also now have more support resources. I'd love to hear your inputs in how we can make the service better.
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March 20, 2014, 03:44:58 AM
 #8

The same way planning your business or family budget, planning is an important part of using BTCJam. Our credit score takes into account open loans you have and we try to prevent scammers from opening more loans before they've repaid old ones.

The best is for you is probably to buy a less powerful mining hardware, repay the loan and then try again with a bigger loan from the get go. Always makes sense to go a bit bigger than what you really need, in case your loan gets only partially funded. We should make this clearer in our user education and I will forward this to our product team.

ncsupanda, I'm sorry you've had negative experiences. Can you elaborate? We've come along way in recent months with our credit scoring algorithm and also now have more support resources. I'd love to hear your inputs in how we can make the service better.

Hi is BTCJAM website down? I am not able to access it from yesterday.
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March 20, 2014, 03:50:20 AM
 #9

Hi is BTCJAM website down? I am not able to access it from yesterday.

http://www.downforeveryoneorjustme.com/btcjam.com

https://nastyscam.com - landing page up     https://vod.fan - advanced image hosting - coming soon!
OGNasty has early onset dementia; keep this in mind when discussing his past actions.
thy
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April 03, 2014, 05:46:39 PM
Last edit: April 03, 2014, 09:11:25 PM by thy
 #10

oh, that's too bad..Is there a better way to communicate with BTCjam users?
The best way to communicate is probably to write a comment on the loan in question. There is also a facebook group(or two) that many investors/lenders is part of.

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