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Author Topic: Looking for .05 BTC - 1 BTC Loan  (Read 343 times)
Freenoob290 (OP)
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July 10, 2021, 11:28:19 PM
Last edit: July 18, 2021, 01:50:15 AM by Freenoob290
 #1

Looking for a .05 - 1 BTC loan to be paid off monthly over the course of six months to a year, or as soon as I get the cash to pay it back. Willing to verify my identity to a lender as well. PM me or post here if you have any questions. Willing to pay up to a 15% APR depending on the amount and loan terms. Thank you and have a good day.

Collateral:
20 items worth about $2,000-$3,000 in actual resale value. I will send pictures and a list for the items to anyone who is interested in giving me a loan. All items are in excellent condition and working great and I can send them to you via USPS with insurance for about $100 total.

To clarify on the items I have for trade: These items are actually worth about $9000 when I first purchased them. All the items are in excellent working shape and most of them are in the exact same condition as when they were first bought or given to me. These are from high quality brands or are high quality items from unknown brands (They either are out of business now or from smaller businesses that aren't known widely). Will send pics and descriptions of the items to anyone who is interested in giving me a loan and that also has the money to do it or knows someone that can give me a loan.
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July 11, 2021, 12:21:59 AM
 #2

That's not how things work around here.  One-Post-Newbies don't get loans without providing valid collateral.  Read this post: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902

It'll be best if you lock this thread now before you get your first red-tag, the button to lock the thread is in the lower left-hand corner of the page.

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July 11, 2021, 12:28:51 AM
 #3

That's not how things work around here.  One-Post-Newbies don't get loans without providing valid collateral.  Read this post: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902

It'll be best if you lock this thread now before you get your first red-tag, the button to lock the thread is in the lower left-hand corner of the page.


Did not see that rule there. Thanks for pointing that out. Although I do have collateral I can offer I am going to offer a contract based form of collateral with my identity verified and everything. That way if the loan is not paid back, I am subject to arrest or being sued.
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July 11, 2021, 12:48:36 AM
 #4

I am going to offer a contract based form of collateral with my identity verified and everything. That way if the loan is not paid back, I am subject to arrest or being sued.

That's not valid collateral.  Obviously you didn't read the post to which I provided a link.  Identification documents can easily be faked, and none of the lenders here have the ability to verify your their authenticity.

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Freenoob290 (OP)
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July 11, 2021, 01:16:21 AM
 #5

I am going to offer a contract based form of collateral with my identity verified and everything. That way if the loan is not paid back, I am subject to arrest or being sued.

That's not valid collateral.  Obviously you didn't read the post to which I provided a link.  Identification documents can easily be faked, and none of the lenders here have the ability to verify your their authenticity.

As far as I know collateral based loans can be any type of collateral. Does not have to be tangible items. It can be a contract, a verbal agreement, or anything of the like. ID documents can be faked for any loan just because its on this forum does not mean there is any special rules for avoiding identity fraud.
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July 11, 2021, 05:31:36 AM
 #6

Collateral:
Contract that will be worked out in the trade details. Will state I am fully liable for the repayment of this loan, with my identity verified, or will be subject to being sued or arrested.
Go to any nearest bankof you and offer such a collateral then check which answer they provide. You will just give identity which cant be verified by us but your bank can verify. And still your bank will allow a loan sum up 0$. But from those who cant verify your identity how you demand more than 30k$
I am just surprised!!!
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July 11, 2021, 09:04:46 AM
 #7

Planning on buying a car and renting a house and need the cash to get a job.
By the look of things, you're moving out for the first time with no savings. Am I right?

As far as I know collateral based loans can be any type of collateral.
Not in here...

  • It can be a contract, a verbal agreement, or anything of the like.
    That "might" only work if either they know you in person or you're a well-known/trusted figure in the community and even then, most would probably refuse to give out loans of that extent.

Go to any nearest bankof you and offer such a collateral then check which answer they provide.
From where I am, such requests are automatically ignored by the banks [even with the verification part].

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July 11, 2021, 11:35:46 AM
 #8

Looking for a .05 - 1 BTC loan to be paid off monthly over the course of about a year, or as soon as I get the cash to pay it back. Planning on buying a car and renting a house and need the cash to get a job.

You are a bit of a liar, right? You actually want this "loan" for creating this wannabe lottery of yours. Nice try noob but unfortunately for you, no one will give you anything. Sad

Will state I am fully liable for the repayment of this loan, with my identity verified, or will be subject to being sued or arrested.

Who knows who is the poor guy that you stole his id...

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July 12, 2021, 11:46:36 AM
 #9

Did not see that rule there. Thanks for pointing that out. Although I do have collateral I can offer I am going to offer a contract based form of collateral with my identity verified and everything. That way if the loan is not paid back, I am subject to arrest or being sued.

I'm a little curious here.
how did you imagine that the lender will be satisfied even if you are arrested? he still doesn't have his money, right?
even if you are from India and the lander is from Mexico, how do you think your identity is a sufficient guarantee?

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July 12, 2021, 06:38:17 PM
 #10

you want a loan to get a job, I didn't know you paid to get a job or maybe you got it wrong and you wanted to say you want money to do some business and be able to rent a house and pay the loan, what It shocks me more Is that you are asking for a very large amount of money.

1 BTC - $33000

In my country, with this money you can open a good business that would generate very good returns for the next 50 to 100 years, but for a bank to lend a high value like this you have to give some guarantee that is compatible with that loan value.

my advice would be to loan locally, in your country... it may be difficult but you have no other choice, or else sell everything you have and try to do some business and give up on this lotto idea

how do you think your identity is a sufficient guarantee?

in my country informal lenders are happy to take your documents because if you don't pay the loan they put you in jail. It's as if informal lenders love to see other people in jail. if OP is from some third world country like my country then it makes sense what he is saying about handing over documents as collateral. but this only works with informal lenders who know the person asking for the loan well. if you are going to borrow from banks or any institution regulated by the central bank, they ask for guarantees

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July 12, 2021, 06:49:11 PM
 #11

in my country informal lenders are happy to take your documents because if you don't pay the loan they put you in jail. It's as if informal lenders love to see other people in jail. if OP is from some third world country like my country then it makes sense what he is saying about handing over documents as collateral. but this only works with informal lenders who know the person asking for the loan well. if you are going to borrow from banks or any institution regulated by the central bank, they ask for guarantees

Yes, from that point of view it is understandable.
But what does all this mean to the lander? For example, you lend me 1BTC (>$33k) and I end up in jail. I spent the money and have no value, so you can't get anything from there. in the end, you spent $33k to send me to jail.
So, what is your interest as a lender in this case?

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July 12, 2021, 07:33:26 PM
 #12

in my country informal lenders are happy to take your documents because if you don't pay the loan they put you in jail. It's as if informal lenders love to see other people in jail. if OP is from some third world country like my country then it makes sense what he is saying about handing over documents as collateral. but this only works with informal lenders who know the person asking for the loan well. if you are going to borrow from banks or any institution regulated by the central bank, they ask for guarantees

Yes, from that point of view it is understandable.
But what does all this mean to the lander? For example, you lend me 1BTC (>$33k) and I end up in jail. I spent the money and have no value, so you can't get anything from there. in the end, you spent $33k to send me to jail.
So, what is your interest as a lender in this case?

the jails of third world countries are like hell, there are all kinds of torture and human rights violations... third world people like me fear jails, they know perfectly well that it is a place of torture and for that reason when people borrow, lenders lend, because they know that person will do whatever is necessary to pay it back because they are afraid of being arrested. It's something even comical but real... you can ask me: if the person is already arrested, how will he pay the loan? the lender will put pressure on the borrower in jail and the borrower's family pays the loan for fear of killing their relative in jail, and that's the way things work in third world countries.

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Freenoob290 (OP)
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July 17, 2021, 06:22:35 PM
 #13

Still looking for a loan. Can provide ID and identity confirmation to the loaner and also $2,000 in collateral in items I have. All are in excellent condition and working great, high quality items. About 20 things I could send you for about $70 USPS priority. Would fit in a small tote that I could pad and also take out insurance on for an additional $20. Message me for more information or for a list of the items if you are interested. Also let me know the APR you are looking for I am willing to do up to an 30% APR for $2,000 and lower and up to a 15% APR for $3,000 - $9,999. Anything over $10,000 I would do a 5% or lower APR depending on the amount!

Also to everyone posting, no I am not a scammer and I have posted collateral for this loan. You can take off your negative feedback now, thank you.

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July 17, 2021, 07:34:26 PM
 #14

Still looking for a loan. Can provide ID and identity confirmation to the loaner and also $2,000 in collateral in items I have. All are in excellent condition and working great, high quality items. About 20 things I could send you for about $70 USPS priority. Would fit in a small tote that I could pad and also take out insurance on for an additional $20. Message me for more information or for a list of the items if you are interested. Also let me know the APR you are looking for I am willing to do up to an 30% APR for $2,000 and lower and up to a 15% APR for $3,000 - $9,999. Anything over $10,000 I would do a 5% or lower APR depending on the amount!

Also to everyone posting, no I am not a scammer and I have posted collateral for this loan. You can take off your negative feedback now, thank you.


The information for identification you are going to provide and the collateral you want to provide are invalid I mean those has no value to the lenders on these forum. I do not think anyone or any website will allow you this loan. The person who knows you or bank may give loan of few dollars.
condoras
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July 17, 2021, 07:45:42 PM
 #15

Still looking for a loan. Can provide ID and identity confirmation to the loaner and also $2,000 in collateral in items I have. All are in excellent condition and working great, high quality items. About 20 things I could send you for about $70 USPS priority. Would fit in a small tote that I could pad and also take out insurance on for an additional $20. Message me for more information or for a list of the items if you are interested. Also let me know the APR you are looking for I am willing to do up to an 30% APR for $2,000 and lower and up to a 15% APR for $3,000 - $9,999. Anything over $10,000 I would do a 5% or lower APR depending on the amount!

Also to everyone posting, no I am not a scammer and I have posted collateral for this loan. You can take off your negative feedback now, thank you.

Firstly, your id and any other dox that you have are not considered as valid collateral here. So 0 collateral value, 0 guarantee.
Secondly, you ask for 0.5-1BTC (~$16k to ~$32k) and you offer collateral of $2-3k. That's nothing since your collateral must be at least 120% of the loan amount that you are asking for. So for 1BTC loan, you need collateral worth 1.2BTC and you offer roughly 0.065BTC! So once again 0 collateral value, 0 guarantee.
Finally, just because you say that these items are high quality etc doesn't mean that they are. You need someone, at least, to verify their condition and you won't get a single sat until these items arrive at the hands of the possible lender. Why don't you post them here? How do you expect someone to give you anything?

P.S: FYI the tags won't get off you so simple and easy as you possibly think and hope...

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July 31, 2021, 07:32:11 PM
 #16

No collateral no loan...Golden rule..
Freenoob290 (OP)
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August 12, 2021, 09:01:01 AM
 #17

I have collateral posted for this loan. Please remove my negative feedback as the "rule" for collateral is not even a rule anyway it is just a suggestion that is why it says in the title of the "collateral thread" "IGNORE AT YOUR OWN RISK" - there is no actual forum rule stating that you have to provide collateral to receive a loan.
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August 12, 2021, 09:38:19 AM
 #18

I have collateral posted for this loan. Please remove my negative feedback as the "rule" for collateral is not even a rule anyway it is just a suggestion that is why it says in the title of the "collateral thread" "IGNORE AT YOUR OWN RISK" - there is no actual forum rule stating that you have to provide collateral to receive a loan.

No, there isn't. For newbies though like yourself, with no history, no trade, or any kind of contribution here in the forum, collateral is mandatory. You don't really expect someone to just give you, a total stranger, money without any guaranty. As for your collateral, we still waiting to post pics, the list of your items, etc. Plus that it seems that you want to sell them and not getting them back and that's no collateral.

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August 13, 2021, 11:13:11 PM
 #19

Still looking for a loan. Can provide ID and identity confirmation to the loaner and also $2,000 in collateral in items I have. All are in excellent condition and working great, high quality items. About 20 things I could send you for about $70 USPS priority. Would fit in a small tote that I could pad and also take out insurance on for an additional $20. Message me for more information or for a list of the items if you are interested. Also let me know the APR you are looking for I am willing to do up to an 30% APR for $2,000 and lower and up to a 15% APR for $3,000 - $9,999. Anything over $10,000 I would do a 5% or lower APR depending on the amount!

No one will lend you $2000 for a bunch of worthless junk as collateral, and you're certainly not getting $10k or more.

Also to everyone posting, no I am not a scammer and I have posted collateral for this loan. You can take off your negative feedback now, thank you.

No you haven't, and no I think I'll keep mine in place, thank you.

Please remove my negative feedback as the "rule" for collateral is not even a rule anyway it is just a suggestion that is why it says in the title of the "collateral thread" "IGNORE AT YOUR OWN RISK" - there is no actual forum rule stating that you have to provide collateral to receive a loan.

There's no forum rule about posting feedback either.

By the way, is the collateral you're offering the same $2000 worth of junk you're trying to trade for a $3000 car?

You seem to have a very tenuous grasp on reality.

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