loan or buying btc for cash in Taipei

[scammed-by-nitro]

Found someone, even repaid already.

[1714670533]

1714670533

[1714670533]

1714670533

[1714670533]

1714670533

[condoras]

~snip~

What's the timeframe, the loan period?

Also like I said I would prefer the cash collateral back without having to deal with btc price movements.

So if BTC be in the next month at $40k you will take the cash that you gave when it was at $30k... Really?

[Bitcoinsummoner]

~snip~

What's the timeframe, the loan period?

Also like I said I would prefer the cash collateral back without having to deal with btc price movements.

So if BTC be in the next month at $40k you will take the cash that you gave when it was at $30k... Really?

It is the wish of the borrower how long it will be. I think if the price goes to 5k$ per btc and still the btc on the hand of the borrower then lender may get the repayment otherwise repayment might hold for forever.

[JeromeTash]

Why not just use the cash and spend it on whatever you want to do?
Or you can use p2p exchanges that do not require KYC such as localcryptos to buy the bitcoin you need and then sell it later on for your cash once you are done needing BTC

https://localcryptos.com/Bitcoin/1668341/Taipei_TW

[Bitcoinsummoner]

Oh I forgot to write the time, its for 1 month.

Yes the borrowed btc will be returned as is, for example if I get 0.1 or whatever at 5% the return is 0.105 and I get the cash back I deposited.

About the other questions, at the local site there is only 1 person, and not in taipei. Also from this person you buy, I want to lend for collateral. I dont want to be dependant on the btc price as I will get my "investement" what I need the btc for in btc as well. So whatever happens I will have more than the borrowed 0.1 btc and be able to back in full, no matter what the btc price is.

It will not be a good decision to take loan from a person and then give loan to another one. There might have happened anything. And I guess you wont be able to take such a loan from anyone. If you still get loan then lender will ask you 120% collateral. If btc price increase then lender will ask more collateral if you cant give more collateral then the lender will considered you bought the btc by the collateral. So, you will be a loser.

[Bitcoinsummoner]

How do you come to this conclusion? I never said it will be used as a loan.

To this conclude I want to say that if you are legit then there is much more chance to be losser. For example now you will take 100$ equvalent btc loan. For that you have to give 120$ as collateral. Few days latter the price of this btc become 115$ then lender will told you to give more collateral. If you cant give more collateral then you will lose your collateral. Because they will think if the price of bitcoin increase more then you will not repay and they will be loser. For the loan of collateral lender never become loser.

[coin.princess]

You really have to be careful with such rates. There are far too many scammers out there. the problem is that they cannot be marked in advance. There should actually be some kind of service that can give you assurance that you are not being scammed.

[Vod]

Please check other loans here.
People loan lets say 0.1 and pay back 0.105 or whatever, most of them without collateral.
At least I offer something in return compared to others.

Check what other criminals do - most kill you so you can't identify then.
You seem honorable - when robbing me, do you promise to only wound?   Promise?