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Author Topic: 50BTC, 1 month, 10%  (Read 1138 times)
chungenhung
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January 03, 2012, 06:14:58 PM
 #1

Looking for 50BTC, 1 month, 10% interest, repay 55BTC.

Here is my heatware reputation http://www.heatware.com/eval.php?id=64239
I have successfully completed transaction here
https://bitcointalk.org/index.php?topic=53973.msg644715#msg644715
https://bitcointalk.org/index.php?topic=53718.msg667335#msg667335
https://bitcointalk.org/index.php?topic=56378.msg671346#msg671346

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
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1480970801
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chungenhung
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January 03, 2012, 07:25:20 PM
 #2

PM sent.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
chungenhung
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January 03, 2012, 08:54:27 PM
 #3

As per znort987
Quote
    . Loan principal = 100BTC
    . Interest rate = 15% per month
    . Payable back on or before Feb. 3rd 2012
    . No partial installments accepted, but one shot early repayment OK
    . Interests will be pro-rated to rounded-up number of days money was borrowed
    . Amount to pay back on Feb. 3rd will be BTC 100 (principal) + BTC 15 (interests) = BTC 115 (total)

If you agree, I'll send the BTC within the hour to 14ZYVka4JkLvxdRJuuX9odyijGLEwJAbec
I received the 100BTC loan on 1/3/2012, and will repay 115BTC on 2/3/2012 to 1HYMB9gQmqGUb8DcxbURin5FchZKBrRWuV

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
RaggedMonk
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January 03, 2012, 11:08:49 PM
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He is probably gambling your money on the stock market.

He claims he "can make 15-25% or even more on your money per yr, with almost zero risk."
https://bitcointalk.org/index.php?topic=53973.20

It seems suspicious to me.  He is reporting gains on what looks like a loss. https://bitcointalk.org/index.php?topic=53973.msg643704#msg643704

Lender beware
chungenhung
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January 03, 2012, 11:17:17 PM
 #5

He is probably gambling your money on the stock market.

He claims he "can make 15-25% or even more on your money per yr, with almost zero risk."
https://bitcointalk.org/index.php?topic=53973.20

It seems suspicious to me.  He is reporting gains on what looks like a loss. https://bitcointalk.org/index.php?topic=53973.msg643704#msg643704

Lender beware
So whats your point? That you have to thread crap all the time?

Just for thoughts:
Why would I borrow at 15% per month, and put that money into something that makes 15% per YR? I am not that stupid. 15% a month compounded is 535%. You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr?
BTW, do you know that most stock brokers would happily let you borrow at 8% per yr? Again, why borrow at 535% when I can get the same fund for 8%? The stock broker would be more than willing to lend me close to 100k, with the amount of stocks I have invested with them.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
RaggedMonk
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January 03, 2012, 11:19:28 PM
 #6

Well, you are stupid enough to think you are trading with "zero risk"...
ineededausername
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January 03, 2012, 11:24:07 PM
 #7

I hate thread crappers.

1. Doesn't matter if chungenhung spends his money on hookers and blow as long as he repays
2. It's probably for mining, I think
3. He has a good reputation
4. As chungenhung himself said: "You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr?"
5. You don't have to loan to him if you don't want to

(BFL)^2 < 0
RaggedMonk
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January 03, 2012, 11:46:31 PM
 #8

Hey, send me 1000BTC at 535% a year and I'd be happy to start a new account and ditch this one Grin

There are almost certainly people on this forum with that strategy.  I don't know if chung is one, but his actions are consistent with it.
chungenhung
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January 04, 2012, 12:34:03 AM
 #9

Well, you are stupid enough to think you are trading with "zero risk"...
it is zero risk....
I am borrowing BTC, knows I am paying exactly 15% interest, and repay in BTC.
What is the risk? enlighten me please.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
chungenhung
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January 04, 2012, 12:38:11 AM
 #10

I hate thread crappers.

1. Doesn't matter if chungenhung spends his money on hookers and blow as long as he repays
2. It's probably for mining, I think
3. He has a good reputation
4. As chungenhung himself said: "You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr?"
5. You don't have to loan to him if you don't want to
1. Well, i probably won't spend it on hookers.... the state i live in is illegal....
2. yes, i am mining.... those 5870 are expensive....
and the list goes on.....

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
chungenhung
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January 04, 2012, 12:40:20 AM
 #11

Hey, send me 1000BTC at 535% a year and I'd be happy to start a new account and ditch this one Grin

There are almost certainly people on this forum with that strategy.  I don't know if chung is one, but his actions are consistent with it.
Tell you what, why don't you and I put down 15BTC each to a trusted member.
If I repay my loan, I would get all the 30BTC.
If I failed to repay, you keep all 30BTC.

Are you in? We can of course always up the bet to 1000BTC bet. it's all up to you.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
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