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Author Topic: Crowdfunding for Personal Use?  (Read 947 times)
BitPhotos (OP)
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March 14, 2014, 04:18:59 AM
 #1

Hey guys I have a quick question, as you may see a lot of stuff is going around about crowdfunding right now. My question is, is it appropriate to crowdfound for more of a personal use? Heres why: I need to get a camera to pursue my interest in photography and videography. I was thinking about using a crowdfunding service to get the rest of the Bitcoin I need. I just wanna know what you guys think of this. Thanks!

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March 14, 2014, 04:35:33 AM
Last edit: March 14, 2014, 04:49:14 AM by franky1
 #2

crowdfunding is like a loan, but using many investors/donators rather then just one service. in some cases, you have to repay

using a crowdfunding service that requires your personal ID address, proof of intentions for the funds. basically not sounding like an anonymous beg, but more of a legit business plan. then yes, you could probably get funding for your camera,

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BitPhotos (OP)
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March 14, 2014, 10:53:18 AM
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crowdfunding is like a loan, but using many investors/donators rather then just one service. in some cases, you have to repay

using a crowdfunding service that requires your personal ID address, proof of intentions for the funds. basically not sounding like an anonymous beg, but more of a legit business plan. then yes, you could probably get funding for your camera,

sounds good! thanks! do you know of any websites or services like described?

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March 14, 2014, 05:21:13 PM
 #4

Alright firstly not considering it as a loan request, how much do you think a camera is going to cost??? as mentioned clearly you want to pursue your interest in it so surely don't need a high end very pro looking and specs camera at the start i guess!! search ebay for a used one instead if you have low budget. Also you can ask for a loan in the lending section providing the collateral as needed but you definitely don't need crowdfunding  to buy a camera. good luck   
BitPhotos (OP)
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March 14, 2014, 07:43:08 PM
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Alright firstly not considering it as a loan request, how much do you think a camera is going to cost??? as mentioned clearly you want to pursue your interest in it so surely don't need a high end very pro looking and specs camera at the start i guess!! search ebay for a used one instead if you have low budget. Also you can ask for a loan in the lending section providing the collateral as needed but you definitely don't need crowdfunding  to buy a camera. good luck   

I know! I already decided on a good beginner DSLR. it costs about 1 BTC with the lens which is a pretty fair price. I dont wanna use ebay because i wanna make my first big purchase with bitcoin! Also i cant ask for a loan for two reasons, 1) i dont have a collateral of equal or greater value or else i would have bought the camera by now lol and 2) i dont really have a way of paying it back quickly at the moment! Thanks for your suggestion though!

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March 14, 2014, 08:26:42 PM
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crowdfunding is like a loan, but using many investors/donators rather then just one service. in some cases, you have to repay

using a crowdfunding service that requires your personal ID address, proof of intentions for the funds. basically not sounding like an anonymous beg, but more of a legit business plan. then yes, you could probably get funding for your camera,

sounds good! thanks! do you know of any websites or services like described?

The largest sites are still for fiat, but we are making progress.
A large site in South America just started accepting BTC, but right now I forgot the name.

BitPhotos (OP)
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March 14, 2014, 08:41:25 PM
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crowdfunding is like a loan, but using many investors/donators rather then just one service. in some cases, you have to repay

using a crowdfunding service that requires your personal ID address, proof of intentions for the funds. basically not sounding like an anonymous beg, but more of a legit business plan. then yes, you could probably get funding for your camera,

sounds good! thanks! do you know of any websites or services like described?

The largest sites are still for fiat, but we are making progress.
A large site in South America just started accepting BTC, but right now I forgot the name.

haha ok i'm not in south america but i assume that doesnt matter! im just hoping to get this soon lol i cannot wait! im so excited!

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March 14, 2014, 08:54:10 PM
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Someone crowdfunded a 70k $$ partay!! Shocked
BitPhotos (OP)
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March 14, 2014, 08:57:10 PM
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Someone crowdfunded a 70k $$ partay!! Shocked

seriously!? that totes cray cray! lol Wink so im hoping that means someone will be able to fund me for a $600 camera if they can fund a $70,000 party!

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March 14, 2014, 11:43:25 PM
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btcjam.com

Saying that you don't trust someone because of their behavior is completely valid.
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March 14, 2014, 11:48:47 PM
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Totally agree that crowdfunding has began to be over used, but when used proper it's awesome Cheesy

BitPhotos (OP)
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March 14, 2014, 11:57:21 PM
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btcjam.com

but i cant really pay back :/

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March 15, 2014, 01:21:33 AM
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btcjam.com

but i cant really pay back :/

crowdfunding is like a loan, but using many investors/donators rather then just one service. in some cases, you have to repay

using a crowdfunding service that requires your personal ID address, proof of intentions for the funds. basically not sounding like an anonymous beg, but more of a legit business plan. then yes, you could probably get funding for your camera,

sounds good! thanks! do you know of any websites or services like described?

Saying that you don't trust someone because of their behavior is completely valid.
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March 15, 2014, 01:23:02 AM
 #14

Are there actual bitcoin crowdfunding sites yet?  That are actually popular?
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