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Author Topic: Need a loan (will provide collateral)  (Read 1803 times)
iluvbitcoins
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December 30, 2014, 06:02:55 PM
 #21

I got my credit card today, trying to verify it, don't know will it verify on time

Will update you guys later Cheesy

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iluvbitcoins
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December 31, 2014, 02:26:16 PM
 #22

The credit card won't be verified on time

I still need 300$ on SolidTrustPay,Egopay or PayPal

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December 31, 2014, 02:34:27 PM
 #23

Why don't you borrow fiat via btc, sell the borrowed btc via btc-e withdraw to PayPal then send money back to btc-e (or otherwise purchase btc) buy the amount of btc that you borrowed (in terms of dollars) and repay the lender

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December 31, 2014, 03:31:54 PM
 #24

Why don't you borrow fiat via btc, sell the borrowed btc via btc-e withdraw to PayPal then send money back to btc-e (or otherwise purchase btc) buy the amount of btc that you borrowed (in terms of dollars) and repay the lender

aaah

I'll just do that, thank for the suggestion..

hope BTC price won't skyrocket in the meantime Cheesy

can you tell me how long do their withdrawals take?

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December 31, 2014, 03:38:28 PM
 #25

I honestly have no idea how long withdrawals take.

With a fiat loan you borrow a dollar amount worth of Bitcoin. So for example if you borrow $300 worth of Bitcoin when the price is at $300 you would get 1 btc. Then for example when you repay the loan the price of Bitcoin is $200 you would then owe the lender 1.5 btc, conversely if the price of Bitcoin were to rise to $400 you would owe the lender .75 btc (both examples assume 0% interest)

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December 31, 2014, 03:44:31 PM
 #26

Nah, I mean I'll just deposit my own BTC to btc-e

Sell it, buy fiat, invest it

And hope my credit card gets verified as soon as possible so I can buy back

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December 31, 2014, 03:48:17 PM
 #27

I thought the point of you wanting to borrow fiat was that you didn't want to sell your Bitcoin.

The only difference between what was suggested and your original request is that reversable payment methods are not being used.

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December 31, 2014, 03:49:42 PM
 #28

Yes, it is

 but I need to find a lender then and time is running out

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December 31, 2014, 03:51:50 PM
 #29

I offered to do exactly what I proposed days ago

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December 31, 2014, 03:58:15 PM
 #30

I offered to do exactly what I proposed days ago

man, do anything you want with the BTC, just get me 300$ on SolidTrustPay,Egopay,PayPal or PerfectMoney

and I'll repay it in bitcoin in equivalent fiat value Smiley

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December 31, 2014, 04:06:10 PM
 #31

Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.

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December 31, 2014, 04:11:14 PM
 #32

Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.

The problem is I only have 0.79BTC available in my wallet

I can however provide my bitlending account and my btcjam account password&e-mail (which the escrow would change) as collateral too, which have over 1.5BTC pending in investments

Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.

min. withdrawal for paypal is 500$

though, I can use PerfectMoney, min. is 10$

I'd like if you managed this, and just sent me the money on the account Cheesy

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December 31, 2014, 04:15:23 PM
 #33

You ca cancel the pending investments and withdraw the Bitcoin. I can lend you $500 worth of Bitcoin if you put 1.9 in escrow

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December 31, 2014, 04:16:54 PM
 #34

You ca cancel the pending investments and withdraw the Bitcoin. I can lend you $500 worth of Bitcoin if you put 1.9 in escrow

they have been funded

and already started repaying the first rates..

EDIT:

The conversion is in progress

Need to invest urgently

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December 31, 2014, 04:22:14 PM
 #35

Quickly tell me will you do it or not?

Because I'll use btc-e then with what I have

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December 31, 2014, 04:29:30 PM
 #36

Quickly tell me will you do it or not?

Because I'll use btc-e then with what I have
I will lend you $300 worth of bitcoin @ 0.5% per day with 1.15 BTC as collateral or $500 worth of bitcoin @ 0.5% per day with 1.9 BTC as collateral.

I am not interested in owing BTCjam loans as there are far too many scams on there. IDK if it is possible to sell BTCjam notes or not but if it is then you could sell the notes, withdraw the bitcoin and use that as collateral.

Also FYI your OP says you will offer 1 BTC as collateral but you do not have 1 BTC according to your most recent statement

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December 31, 2014, 04:32:15 PM
 #37

That is true, I can't provide 1.9BTC in collateral
I only have 0.79BTC in my hands, and over 1BTC pending on bitlending, and 0.62BTC pending on btcjam
well, 0.545BTC pending on this forum too Cheesy
there is no way I can gather those coins on time

I have only 1 loan on btcjam (which would be 0.5BTC if the note is sold, it won't be sold on time though)

4 of them on bitlending, which can't be sold

I just traded some of my BTC for USD, on btc-e, it is too late now

I have no time for these negotiations as I think you won't accept these accounts as collateral now Undecided

And the investment will be ready soon, I need to get in early

Thanks for your time, though  Smiley

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December 31, 2014, 04:36:18 PM
 #38

Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.

The problem is I only have 0.79BTC available in my wallet

I can however provide my bitlending account and my btcjam account password&e-mail (which the escrow would change) as collateral too, which have over 1.5BTC pending in investments

Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.

min. withdrawal for paypal is 500$

though, I can use PerfectMoney, min. is 10$

I'd like if you managed this, and just sent me the money on the account Cheesy

That is true, I can't provide 1.9BTC in collateral
I only have 0.79BTC in my hands, and over 1BTC pending on bitlending, and 0.62BTC pending on btcjam
well, 0.545BTC pending on this forum too Cheesy
there is no way I can gather those coins on time

I have only 1 loan on btcjam (which would be 0.5BTC if the note is sold, it won't be sold on time though)

4 of them on bitlending, which can't be sold

I just traded some of my BTC for USD, on btc-e, it is too late now

I have no time for these negotiations as I think you won't accept these accounts as collateral now Undecided

It looks like your story is changing.

If you were to sell your btcjam note and combine that with your .78 that you have in your wallet then I could lend you $300 worth of bitcoin, although I am not sure that would get you what you are looking for (you could potentially sell the bitcoin I lend you for a trusted member's paypal in the currency exchange section)

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December 31, 2014, 04:39:43 PM
 #39

I'm saying it won't sell in time

Btcjam notes take days to sell, not minutes/hours

I already issued it for sale yesterday

It won't sell unless I undercut it significally




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December 31, 2014, 04:41:10 PM
 #40

I'm saying it won't sell in time

Btcjam notes take days to sell, not minutes/hours

I already issued it for sale yesterday

It won't sell unless I undercat it significally
If anything changes either post here or shoot me a PM and I would be happy to lend to you

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