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I've heard people say this in the context of romantic relationships, but I have this feeling with just friendships. I think that if someone is investing time in me at all, that they're losers because I think that I'm a super loser, and thus, I don't want to hang out with them.
Suffering from low self esteem doesn't make you an asshole; it makes you insecure. Judging people who would be friends with you is just a way of externalizing your insecurities, and it's also a way for you to keep yourself isolated and prevent yourself from being hurt, assuming that one of your friends would judge you as harshly as you judge yourself.
If you can't see the value in yourself, it will be difficult to see your value in the eyes of others, and it seems like you don't think that you deserve to be loved. That's no way to live. If you can't get past it on your own, maybe you should see a doctor.