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Topic: 0.4btc loan for 2 weeks (Read 2081 times)

kidcudi09 (OP)

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0.4btc loan for 2 weeks

April 24, 2013, 03:17:37 AM

#1

Hello people.I been on bitcoin-otc seeking a 0.4btc loan but lol since my rating is only 2(also by a guy who is turned out to be a scammer)its been hard for me to get anything.So I created an account on here to see if I could possibly get a loan.I will pay back said loan within 2 weeks.I am also willing to ship anybody my hdd(Western Digital 500gb Caviar blue) as a good will gesture for helping me out.The post office is right down the road from me so I will ship it asap.I'm not that good with finances so for the interest % we will have to agree on something that is fair for the both of us.I am not new the bitcoin community but I am new to the site(well my account is)I been on here before in the past but I was just reading on stuff.

Thank you!

http://bitcoin-otc.com/viewratingdetail.php?nick=kidcudi09

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:25:12 AM

#2

Why do you need this loan? Is it for fiat?

takagari

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:26:58 AM

#3

Gonna be a hard sell, any proof of whom you are, ID bills cell number.

As for a % you'd end up paying back probably .45 or .5 I'd guess.

What is this for? are you converting to cash or using it as BTC.

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:29:58 AM

#4

Quote from: TradeFortress on April 24, 2013, 03:25:12 AM

Why do you need this loan? Is it for fiat?

This videocard I need for my rig.I had a gtx670 before but I sold it(it was for gaming).I'm trying to turn my rig into something I can use for mining.I know its not the most efficient way to do it.But I also need it to play games too

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kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:32:42 AM

#5

Quote from: takagari on April 24, 2013, 03:26:58 AM

Gonna be a hard sell, any proof of whom you are, ID bills cell number.

As for a % you'd end up paying back probably .45 or .5 I'd guess.

What is this for? are you converting to cash or using it as BTC.

I would like to stay as anonymous as possible but I can provide personal cell,and home address,po box.Isn't 0.45,0.5 almost 100% interest rate?lol

edit

I can provide bills too

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takagari

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:35:12 AM

#6

Lol no .8 would be 100%

You looking for money with nothing to back it an no interest to say whom you are.

.50 would be 25% interest

I was tempted but if your only repaying if you make the money of an ancient rig.. I dont think it's in my ally. I don't like FIAT exchanges.

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:39:23 AM

#7

Do not borrow Bitcoins if the loan is actually for fiat stuff. Seeing as how you need $50, how are you going to pay back if BTCUSD shoots to $200?

I may be able to do a PPUSD loan, marked as goods, repaid in BTC (USD tied). How does 1.5%/day (lol yeah higher than pirate) compound sound? Not much since the loan amount is small, and I'm shorting USD in the process.

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:39:57 AM

#8

Quote from: takagari on April 24, 2013, 03:35:12 AM

Lol no .8 would be 100%

You looking for money with nothing to back it an no interest to say whom you are.

.50 would be 25% interest

I was tempted but if your only repaying if you make the money of an ancient rig.. I dont think it's in my ally. I don't like FIAT exchanges.

Sorry I didn't mention it but I plan on paying the loan back with my money.Mining is something I would like to get into.I know though a video card wouldn't even get me anywhere to making big profit.Just trying to create a hobby.

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:43:40 AM

#9

$50 repay $61.59 worth of BTC for 14 days btw

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:43:58 AM

#10

Quote from: TradeFortress on April 24, 2013, 03:39:23 AM

Do not borrow Bitcoins if the loan is actually for fiat stuff. Seeing as how you need $50, how are you going to pay back if BTCUSD shoots to $200?

I may be able to do a PPUSD loan, marked as goods, repaid in BTC (USD tied). How does 1.5%/day (lol yeah higher than pirate) compound sound? Not much since the loan amount is small, and I'm shorting USD in the process.

Yeah I understand.Somebody from the otc told me the same thing.The video card I was looking at was on bitmit.I was buying bitcoins back when it was $7 per bitcoin lol(wish I would have saved them)I got a little bit.Thats why I needed the 0.4

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takagari

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:45:41 AM

#11

If TF helps you out do it in cash. not many people will loan a coin for FIAT uses.

To risky, what if within two weeks a coin costs a grand? how would you justify paying back your 60 dollars at a grand?

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:49:15 AM

#12

Quote from: TradeFortress on April 24, 2013, 03:43:40 AM

$50 repay $61.59 worth of BTC for 14 days btw

ok so if you lent me 0.4btc(Im not that good in math btw)I would basically end up owing you around 0.6?Correct me if Im off.

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:51:44 AM

#13

I am not going to lend you BTC given the risk (there is no way to make the expected return positive, offering higher interest just increases the risk ...)

I can do a PPUSD loan which has relatively low risk for me.

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:52:45 AM

#14

Quote from: takagari on April 24, 2013, 03:45:41 AM

If TF helps you out do it in cash. not many people will loan a coin for FIAT uses.

To risky, what if within two weeks a coin costs a grand? how would you justify paying back your 60 dollars at a grand?

Ok say somebody lent me 0.4btc,and in 2 weeks 1 btc was worth $1000.Wouldn't that mean say 0.05(example) would be worth what I owe?

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takagari

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:53:46 AM

#15

Quote from: TradeFortress on April 24, 2013, 03:51:44 AM

I am not going to lend you BTC given the risk (there is no way to make the expected return positive, offering higher interest just increases the risk ...)

I can do a PPUSD loan which has relatively low risk for me.

Thats true, you can reverse that easily..

No Kid, you still ow them .4 BTC because had they not lent it to you. theyd have the full value not .05 coins..

Take the cash offer or walk away...

Grim Death

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:55:08 AM

#16

Quote from: kidcudi09 on April 24, 2013, 03:52:45 AM

Quote from: takagari on April 24, 2013, 03:45:41 AM

If TF helps you out do it in cash. not many people will loan a coin for FIAT uses.

To risky, what if within two weeks a coin costs a grand? how would you justify paying back your 60 dollars at a grand?

Ok say somebody lent me 0.4btc,and in 2 weeks 1 btc was worth $1000.Wouldn't that mean say 0.05(example) would be worth what I owe?

No, because you borrowed in BTC so you would be expected to pay back 0.6 BTC as promised. This is why borrowing in BTC is VERY risky to do.

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:56:15 AM

#17

Quote from: TradeFortress on April 24, 2013, 03:51:44 AM

I am not going to lend you BTC given the risk (there is no way to make the expected return positive, offering higher interest just increases the risk ...)

I can do a PPUSD loan which has relatively low risk for me.

I really appreciate the offer(since I am new,and all),but I don't even have a paypal lol.I guess I'll just wait and see what comes along.I really mean it.Thanks though.

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:57:41 AM

#18

Quote from: kidcudi09 on April 24, 2013, 03:52:45 AM

Quote from: takagari on April 24, 2013, 03:45:41 AM

If TF helps you out do it in cash. not many people will loan a coin for FIAT uses.

To risky, what if within two weeks a coin costs a grand? how would you justify paying back your 60 dollars at a grand?

Ok say somebody lent me 0.4btc,and in 2 weeks 1 btc was worth $1000.Wouldn't that mean say 0.05(example) would be worth what I owe?

That's a USD tied loan. I'm offering you a loan like that, I'll pay you in PPUSD and you repay me in BTC with USD value.

Can you show proof you bought BTC at $7? Your forum add is registered days ago. Gox TX logs?

kidcudi09 (OP)

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 03:58:50 AM

#19

Quote from: Grim Death on April 24, 2013, 03:55:08 AM

Quote from: kidcudi09 on April 24, 2013, 03:52:45 AM

Quote from: takagari on April 24, 2013, 03:45:41 AM

If TF helps you out do it in cash. not many people will loan a coin for FIAT uses.

To risky, what if within two weeks a coin costs a grand? how would you justify paying back your 60 dollars at a grand?

Ok say somebody lent me 0.4btc,and in 2 weeks 1 btc was worth $1000.Wouldn't that mean say 0.05(example) would be worth what I owe?

No, because you borrowed in BTC so you would be expected to pay back 0.6 BTC as promised. This is why borrowing in BTC is VERY risky to do.

ahh I see now.If I borrowed 1 bitcoin I would be expected to pay back 1 bitcoin.Even if when I borrowed it that 1 bitcoin was only worth $100.Then when it comes for me to pay it back that 1 bitcoin is worth $200.lol I am learning.

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Re: 0.4btc loan for 2 weeks

April 24, 2013, 04:01:50 AM

#20

Alternatively, please sign a message from an address back in 2012?

Sorry but this loan request is **very** suspicious.

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