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Author Topic: Looking for a 0.05BTC loan  (Read 1990 times)
kebabman (OP)
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May 31, 2014, 03:36:48 AM
Last edit: May 31, 2014, 11:50:48 PM by kebabman
 #1

Purely to build trust. I will offer 3LTC as collateral. Happy to use escrow if fee is 1%. Loan will be repaid in tomorrow at 5PM EST.
KWH
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May 31, 2014, 03:38:37 AM
 #2

Purely to build trust. I will offer 3LTC as collateral. Happy to use escrow if fee is 1%. Loan will be repaid in tomorrow at 5PM EST.

Trust loans are frowned upon. Try using other ways to build your Trust, those will go further to prove you can be trusted.

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
kebabman (OP)
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May 31, 2014, 03:40:06 AM
 #3

Suggestions? I don't need the money, but I am trustworthy and I want to prove that I am. I can offer loans if that's a better approach?
KWH
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May 31, 2014, 03:43:17 AM
 #4

Suggestions? I don't need the money, but I am trustworthy and I want to prove that I am. I can offer loans if that's a better approach?
It takes time to build trust. Be a contributor to the forum or buy/sell/trade. You don't have to do large trades, gradually build up your Trust. Loans can cost you coins and done improperly cost you Trust as well.

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
Thyaga
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May 31, 2014, 03:44:39 AM
 #5

Purely to build trust. I will offer 3LTC as collateral. Happy to use escrow if fee is 1%. Loan will be repaid in tomorrow at 5PM EST.

I can fund you for 0.05 BTC loan. but with 3 LTC at a price of 0.0182 poloniex as collateral, doesn't it better that you sell LTC?
kebabman (OP)
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May 31, 2014, 03:45:53 AM
 #6

Well, I'm happy to give the person that loans me 0.05BTC some profit, that's part of borrowing. I dont' see how my request for a loan is any less genuine than if I had said "need to borrow 0.05BTC to buy a sandwich for lunch, will repay after I get my pocket money"...other than I was truthful about my motivations for requesting a loan in the first place.
kebabman (OP)
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May 31, 2014, 03:47:23 AM
 #7

Purely to build trust. I will offer 3LTC as collateral. Happy to use escrow if fee is 1%. Loan will be repaid in tomorrow at 5PM EST.

I can fund you for 0.05 BTC loan. but with 3 LTC at a price of 0.0182 poloniex as collateral, doesn't it better that you sell LTC?

I want to hang onto my LTC, what % will you offer me the loan at?
Thyaga
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May 31, 2014, 03:49:22 AM
 #8

ok, let's say I agree, how does it work? you send the LTC to me first and after I received it, then I send BTC to you?
and how much you will send the repayment?
kebabman (OP)
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May 31, 2014, 03:52:17 AM
 #9

I will send you the 3LTC first, and I will repay you 0.0515BTC tomorrow in exchange for my LTC back. PM me if we have a deal.
Thyaga
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May 31, 2014, 04:01:50 AM
 #10

I will send you the 3LTC first, and I will repay you 0.0515BTC tomorrow in exchange for my LTC back. PM me if we have a deal.

what about repayment 0.07 BTC
kebabman (OP)
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May 31, 2014, 04:03:48 AM
 #11

40% interest for 1 days loan? Too steep, no thank you.
KWH
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May 31, 2014, 04:04:09 AM
 #12

Well, I'm happy to give the person that loans me 0.05BTC some profit, that's part of borrowing. I dont' see how my request for a loan is any less genuine than if I had said "need to borrow 0.05BTC to buy a sandwich for lunch, will repay after I get my pocket money"...other than I was truthful about my motivations for requesting a loan in the first place.

It's viewed as buying Trust. It could also get you flagged.

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
kebabman (OP)
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May 31, 2014, 04:05:03 AM
 #13

Well, I'm happy to give the person that loans me 0.05BTC some profit, that's part of borrowing. I dont' see how my request for a loan is any less genuine than if I had said "need to borrow 0.05BTC to buy a sandwich for lunch, will repay after I get my pocket money"...other than I was truthful about my motivations for requesting a loan in the first place.

It's viewed as buying Trust. It could also get you flagged.

OK fair enough. I didn't realise it was frowned upon. I'll set up a thread offering micro loans instead. Smiley
Thyaga
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May 31, 2014, 04:13:32 AM
 #14

40% interest for 1 days loan? Too steep, no thank you.

PM sent
Thyaga
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May 31, 2014, 05:23:49 AM
 #15

Deal....
my LTC addy LS3U4mGfSWVcqzJsrzgfd9F6u29p55trzr
your BTC addy please?

I will send BTC soon as I receive the LTC.
Rulishix
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May 31, 2014, 05:58:25 AM
 #16

Use a mm to ensure this goes smoothly, guys. Something is up here. First he gives you an insane rate then drops down? Smells fishy to me.
Thyaga
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May 31, 2014, 06:54:53 AM
 #17

wait long enough for the confirmation of the borrower. I have to sleep.
kebabman (OP)
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May 31, 2014, 07:23:58 PM
 #18

Apologies I had to go to sleep before I saw your message, let me know if you are still able to do the loan for me. Thanks! Smiley
byt411
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May 31, 2014, 08:03:54 PM
 #19

I can do this loan with escrow, PM me.
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May 31, 2014, 08:25:53 PM
 #20

I can do this loan with escrow, PM me.

byt411 has contacted me and requested that I escrow this loan.

If other party agrees, send 3 LTC to: LPdk8bFfuMTexuiV8hESw8DExBvUKnDL4N

I will confirm it (after 6 confirmations), and byt411 will then send 0.05 BTC to the address stated by kebabman.

Escrow fee will be 0% because the fee is pretty small, but feel free to tip me afterwards. 
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