Topic: .015 BTC Loan (Read 1348 times)

Quote from: nkocevar on May 06, 2014, 03:29:28 PM

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Can I haz four 0.015 BTC loans then? No collateral. Roll Eyes

Quote

On the other hand he is a long standing member (nearly a year) with a decent record of contribution

Cheap accounts for sale Grin

Course it could legitimately be his account, I'm just bringing up the fact that post counts, activity, and membership do not matter. Collateral does.

Even though this is a minuscule loan, bigger loans will occur in the future.

tertius993

hero member

Activity: 1029

Merit: 712

Quote from: tertius993 on May 06, 2014, 01:34:53 PM

Apologies for the delay.

To confirm terms:
Loan amount: 0.015 BTC
Repayment amount: 0.030
Repayment due: no later than 1 June 2014

If acceptable please post here, and let me have your BTC address.

Acceptable

PM will be sent with btc address

BTC sent, TxID: 447677d7bf65f91afd05e3f2d26dd011c8b341f5c7b855e64e2fbcf96e7f8b98

nkocevar

sr. member

Activity: 294

Merit: 250

Quote from: tertius993 on May 06, 2014, 01:34:53 PM

Apologies for the delay.

To confirm terms:
Loan amount: 0.015 BTC
Repayment amount: 0.030
Repayment due: no later than 1 June 2014

If acceptable please post here, and let me have your BTC address.

Acceptable

PM will be sent with btc address

tertius993

hero member

Activity: 1029

Merit: 712

Apologies for the delay.

To confirm terms:
Loan amount: 0.015 BTC
Repayment amount: 0.030
Repayment due: no later than 1 June 2014

If acceptable please post here, and let me have your BTC address.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: johnmatrix on May 06, 2014, 01:19:52 PM

Quote from: byt411 on May 06, 2014, 11:26:49 AM

Quote from: byt411 on May 06, 2014, 11:26:49 AM

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

No, it's not. You use altcoins for collateral. If you use BTC as collateral when borrowing BTC, you seriously need a mental check.

And.. with altcoins is pretty the same.. why dont you just trade the alts and get your btcs right away.. if you are expexting a rise on the price and it occurs your alts price can overtake alot the price of the loan and your lender can scamm you

First, use escrow or accept a loan from a trusted member. Second, because you believe that the altcoin will rise in price.
If you think BTC price will rise, then why not just hold and keep your BTC?

johnmatrix

sr. member

Activity: 371

Merit: 250

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

No, it's not. You use altcoins for collateral. If you use BTC as collateral when borrowing BTC, you seriously need a mental check.

And.. with altcoins is pretty the same.. why dont you just trade the alts and get your btcs right away.. if you are expexting a rise on the price and it occurs your alts price can overtake alot the price of the loan and your lender can scamm you

byt411

hero member

Activity: 798

Merit: 1000

Quote from: tertius993 on May 06, 2014, 06:31:13 AM

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

No, it's not. You use altcoins for collateral. If you use BTC as collateral when borrowing BTC, you seriously need a mental check.

nkocevar

sr. member

Activity: 294

Merit: 250

On the other hand he is a long standing member (nearly a year) with a decent record of contribution (I.e. Not all in gambling and lending ...).

OP, if you can wait 6 hours or so I'll take it on.

Ill wait for ya

tertius993

hero member

Activity: 1029

Merit: 712

On the other hand he is a long standing member (nearly a year) with a decent record of contribution (I.e. Not all in gambling and lending ...).

OP, if you can wait 6 hours or so I'll take it on.

ncsupanda

legendary

Activity: 1628

Merit: 1012

Quote from: nkocevar on May 05, 2014, 09:39:58 AM

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

As long as I am sure I can pay back the loan.

Right. As long as YOU are sure that you can pay back.

Most people aren't going to loan based on good faith for BTC - have collateral, or it's likely you won't get a loan. I'm sorry. Sad

eternalgloom

legendary

Activity: 1792

Merit: 1283

You might be better off just asking on one of the lending threads, I've seen a couple that offer loans without collateral

nkocevar

sr. member

Activity: 294

Merit: 250

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

As long as I am sure I can pay back the loan.

nkocevar

sr. member

Activity: 294

Merit: 250

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

ncsupanda

legendary

Activity: 1628

Merit: 1012

No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

nkocevar

sr. member

Activity: 294

Merit: 250