If anyone thinks I'm going to take on too many loans than I can handle; bet on it
I put over $80 that I'm not:
http://betsofbitco.in/item?id=1315
This is specifically directed toward mlawrence and partially to Eisenhower34 & poly
Topic: 420's Non-Ponzi Loans & LiteCoin Options (Lend to me, or Get a loan, Calls/Puts) - page 7. (Read 20560 times)
March 10, 2013, 11:00:41 PM
March 10, 2013, 01:41:26 PM
I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).
Thank you
Max
Thank you
Max
as per your message in BTC-e chat you say 977.21 LTC is the value of your contract
(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))
so I'm PM'ing a code for 977.21 LTC
LTC recieved,
TY
Thanks for confirming
March 10, 2013, 01:40:29 PM
I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).
Thank you
Max
Thank you
Max
as per your message in BTC-e chat you say 977.21 LTC is the value of your contract
(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))
so I'm PM'ing a code for 977.21 LTC
LTC recieved,
TY
March 10, 2013, 01:31:17 PM
I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).
Thank you
Max
Thank you
Max
as per your message in BTC-e chat you say 977.21 LTC is the value of your contract
(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))
so I'm PM'ing a code for 977.21 LTC
March 10, 2013, 01:21:38 PM
I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).
Thank you
Max
Thank you
Max
March 09, 2013, 11:25:42 PM
Alright, send me an address, I will send it via btc.
Received 2.40583 looks like using a price of $47.80
jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC
Confirmed. Thank you 420.
good doing business
*updated OP
March 09, 2013, 11:22:50 PM
Alright, send me an address, I will send it via btc.
Received 2.40583 looks like using a price of $47.80
jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC
Confirmed. Thank you 420.
March 09, 2013, 11:19:47 PM
Alright, send me an address, I will send it via btc.
Received 2.40583 looks like using a price of $47.80
jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC
March 09, 2013, 10:30:25 PM
Alright, send me an address, I will send it via btc.
March 09, 2013, 10:17:52 PM
Looking for an option for about 3 months so Jun 1st would be fine and for 5000 LTC.
what price?
$0.35 strike price for $0.023 fee per LTC thats $115 GOX USD if you like to buy
March 09, 2013, 10:14:41 PM
Looking for an option for about 3 months so Jun 1st would be fine and for 5000 LTC.
March 09, 2013, 07:53:58 PM
420 should take the funds he has borrowed now and sit on them for awhile and make some money trading. Don't bite off more than you can chew man. (;
I just wanted $500 more, just $500 more!
March 09, 2013, 07:51:58 PM
420 should take the funds he has borrowed now and sit on them for awhile and make some money trading. Don't bite off more than you can chew man. (;
March 09, 2013, 07:50:16 PM
I may be interested in a 1 year option contract to buy @ 0.25 for a larger amount of coins.
Thoughts?
Thoughts?
Scott J,
By my calculations, a 1 year contract @ a $.25 strike would cost $.062/LTC upfront. If you wanted to do a larger amount of coins (let's say 10,000LTC), this would mean a $620 upfront fee, as LTC is very near the money. This means your break-even price is $.312/LTC before you make any money. Even if I drop an estimated 80% volatility down to 70%, this still puts out a fee of $.054/LTC. As LTC has been on a tear recently, it doesn't benefit you very much either way. Realistically, the first price is more true though.
Also, by my calculations, if this contract were to happen, 420 could use the funds to establish an additional 2800LTC position (at a $.22 average cost estimate) and back your contract by 1/3rd already. So that's a plus for him.
March 09, 2013, 07:48:00 PM
I guess we'll see by June
I'm not saying your Ponzi will collapse in June.
If you stand to make more money in new deposits than you'll pay out, you'd be a fool not to continue the scam.
You'll default when you feel your payouts equal more than you'll receive in new deposits.
in other worlds. If you can convince more people not to loan to me then if I was a ponzi you'd cause me to crash sooner
March 09, 2013, 07:42:43 PM
I guess we'll see by June
I'm not saying your Ponzi will collapse in June.
If you stand to make more money in new deposits than you'll pay out, you'd be a fool not to continue the scam.
You'll default when you feel your payouts equal more than you'll receive in new deposits.
March 09, 2013, 07:38:10 PM
EDIT: Eisenhower confirmed another account balance to show im not broke or ran off with the money outside of bitcoin exchanges:
https://bitcointalksearch.org/topic/m.1605047
https://bitcointalksearch.org/topic/m.1605047
Yet.
Not until you've gained as much trust and as many coins as you can at least.
It wouldn't make sense to start spending the money now.
March 09, 2013, 07:01:11 PM
Shows I didn't just go cash out and buy a car or something
mlawrence, how many loans have you taken and how many have you given?
mlawrence, how many loans have you taken and how many have you given?
I'm sure pirate was able to show large balances and other proof until the instant he decided to default. If it's in your control, it can't be used as any sort of guarantee.
I'll answer those types of questions when I ask to borrow money.
well not meant to be a guarantee.
EDIT: Eisenhower confirmed another account balance to show im not broke or ran off with the money outside of bitcoin exchanges:
https://bitcointalksearch.org/topic/m.1605047
March 09, 2013, 06:10:49 PM
Shows I didn't just go cash out and buy a car or something
mlawrence, how many loans have you taken and how many have you given?
mlawrence, how many loans have you taken and how many have you given?
I'm sure pirate was able to show large balances and other proof until the instant he decided to default. If it's in your control, it can't be used as any sort of guarantee.
I'll answer those types of questions when I ask to borrow money.
March 09, 2013, 06:07:23 PM
I was asked to state that 420 has $1200 in his "campbx" account. He sent me a video as proof.
Edit: received another email, with another account of another exchange service with ~$1000 and 14 BTC proofed by video.
Edit: received another email, with another account of another exchange service with ~$1000 and 14 BTC proofed by video.
Ok, why does this matter? These accounts are under his control, so you can't use them as any type of collateral or security.
Shows I didn't just go cash out and buy a car or something
mlawrence, how many loans have you taken and how many have you given?
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