.005 interest payment sent on May 30.
Confirmed as received. Thanks. 
Topic: .5btc for 1 year (Read 2160 times)
.005 interest payment sent on May 30.
A year long loan in the crypto world is really crazy especially when using an altcoin as collateral, altcoins even some of the more stable ones fluctuate sooo much just within a mere week and if the value of the coin went down to nothing or the volume dried up the chances of you repaying would be awefully slim
.005 interest payment sent today as agreed.
Loan needs have been filled by quickseller.
Loan amount : .5BTC
Time: 6 months
Collateral : 125% LTC
Repayment: .005 every month, .5 at the end of the loan.
Loan amount : .5BTC
Time: 6 months
Collateral : 125% LTC
Repayment: .005 every month, .5 at the end of the loan.
You don't need this loan but want one anyway. To what end? Trust building? 
My long term goals are multiple and spelled out in post 1 and the post above yours.
As far as trust building, I hope to someday be as trusted as you. It seems like a noble goal in life. A loan or multiple loans won't get me there, though it may help the process to a very limited degree.
I am active in p2p lending and know the scams of .5 now, 1 later, 2 later, run with 10. There's no shortcut to trust in ANY aspect of life. Anybody who tries or tells you otherwise is trying to sell you something. Despite the changes and improvements in life and the speed of technology change in the last 50 years, the most important things in life can still only be accomplished the old fashion way.
You don't need this loan but want one anyway. To what end? Trust building?
I have been successfully making enough to use this .5 to make money for me while still paying you back. I also make enough to pay you back if Murphy's law takes over. My long term goals (years) are multiple: Learning more of the lending/borrowing process, fine tuning my investments, becoming a contributor, getting an unsecured loan, grow my ratings. I have no idea what will ever be possible and that is ok. One step at a time.
From what you say in the first paragraph, it looks like you want to lend this money out further which will be your source of income. This is extremely risky as the established lenders will tell you, they got burned many times before it starts to pay off.
I've read through many posts on these forums and see that very clearly. Lending on this forum would not work for me at this time nor do I think I have the experience to navigate around the scams nor do I actually have the desire. I do not plan to loan the money out on any forum or p2p lending site nor put it towards mining. Appreciate your warning.
Some might say, "Just take it out on your credit card." I have done that some (how do you think I'll get the alt coin for collateral?). However, it's better for the loan to be in BTC since I'm paying BTC to mitigate exchange rate issues. I also have other long range goals in mind and getting a loan here helps those goals.
This doesn't make the slightest bit of sense. You can afford to buy an altcoin on a credit card, but for some unforeseeable reason you're not able to buy the bitcoin directly - hmm.
I can buy bitcoin easily and will continue to do so monthly. I have no debt whatsoever, I don't need the loan monetarily wise, and I can easily pay it back now and in the future via my own funds. But none of that actually matters at this point because I've offered no proof and no one has reason to believe what I say. The reasons for taking the loan are not because I need it, but to gain first hand experience and knowledge along with other goals outlined in my first post. I like learning new things and understanding things fully. I've already learned a lot in this process and I'm sure will continue to do so. This is probably quite different than most of the requests you see, but so be it.
I have been successfully making enough to use this .5 to make money for me while still paying you back. I also make enough to pay you back if Murphy's law takes over. My long term goals (years) are multiple: Learning more of the lending/borrowing process, fine tuning my investments, becoming a contributor, getting an unsecured loan, grow my ratings. I have no idea what will ever be possible and that is ok. One step at a time.
From what you say in the first paragraph, it looks like you want to lend this money out further which will be your source of income. This is extremely risky as the established lenders will tell you, they got burned many times before it starts to pay off.
Some might say, "Just take it out on your credit card." I have done that some (how do you think I'll get the alt coin for collateral?). However, it's better for the loan to be in BTC since I'm paying BTC to mitigate exchange rate issues. I also have other long range goals in mind and getting a loan here helps those goals.
This doesn't make the slightest bit of sense. You can afford to buy an altcoin on a credit card, but for some unforeseeable reason you're not able to buy the bitcoin directly - hmm.
Reputable loaners only. Neither side of this wants to be scammed.
Reputable loaners? You have zero risk in this proposal so it doesn't matter either way.
Yeah, I'm trying to respond but the stupid 360sec between post rule is trying my patience.
What, you expect to walk into a new community and instantly have the same rights/respect as long term members?
LOL. Ok, I shouldn't have included "stupid" in my post. I don't expect to have the same rights/respect as long term members. That's only something to be earned with time and good behaviour. I also can see a reason for the delay so I'm ok with it.
The process is a bit frustrating though. I arrange the post and figure out what I want to say. I hit the post button. Boom. No warning. Just a "sorry but your time isn't up yet" message. The post closed and gets saved to draft. Now I have to go find the draft, but there isn't any "revive this draft" button that I know of, so I have to select all and copy. Then I have to go find the thread again which I haven't found a quick and easy way of finding yet, then start a new reply, paste the contents in, and pray it's been 360 seconds so I don't have to repeat all that.
It could really be a better process, either with a countdown, a way to revive a draft into a post, or with a quicker way to find all my threads I've posted.
Some of that could already exist, but I don't know about it yet. If the whole process is about
Yeah, I'm trying to respond but the stupid 360sec between post rule is trying my patience.
What, you expect to walk into a new community and instantly have the same rights/respect as long term members?
somewhat negotiable. ltc, dash, possibly others.
If you can provide LTC as collateral then I can do this for you provided that you can offer at least 125% of the principle of the loan worth of LTC as collateral. In the event that the collateral becomes worth greater then 150% of the amount of the loan, I can agree to return an amount (at your request) that would bring the collateral value down to 125% of the principle of the loan. In the event that the value of the collateral falls below 105% of the amount of the principle, then I would have the right (but not the obligation) to sell the collateral at the best available market price that would allow me to quickly liquidate the collateral to cover the loan, with any excess amounts being returned to you. Ok, I think we can work with this. I agree that you have the right to liquidate at 105%, but prefer you contact me ahead of time so I can return the loan or top up the collateral.
I see on other posts the details and payments are posted on a thread. What is the proper place to do that, here or another place?
I'll PM you to work out the fine print.
Yeah, I'm trying to respond but the stupid 360sec between post rule is trying my patience.
The thing with all coins is that they're too volatile. Nobody knows if they'd be dust throughout the time of a whole year. The one providing the loan is put at risk of loss. Op should come with a way to minimize the risk, like turning alts to fiat.
What I hear you saying is that the lender has the risk that if the collateral becomes worthless, that the borrower may decide to not repay and walk away with the loan?
I hadn't thought about that....
The thing with all coins is that they're too volatile. Nobody knows if they'd be dust throughout the time of a whole year. The one providing the loan is put at risk of loss. Op should come with a way to minimize the risk, like turning alts to fiat.
Actually, the risk runs both ways. Both the collateral or the loan coin could soar or turn to dust. Turning alts to fiat only solves for half the equation. But I appreciate you pointing out a risk and educating me nonetheless.
somewhat negotiable. ltc, dash, possibly others.
If you can provide LTC as collateral then I can do this for you provided that you can offer at least 125% of the principle of the loan worth of LTC as collateral. In the event that the collateral becomes worth greater then 150% of the amount of the loan, I can agree to return an amount (at your request) that would bring the collateral value down to 125% of the principle of the loan. In the event that the value of the collateral falls below 105% of the amount of the principle, then I would have the right (but not the obligation) to sell the collateral at the best available market price that would allow me to quickly liquidate the collateral to cover the loan, with any excess amounts being returned to you. Do you plan on responding to the same post that isn't even offering to fund your loan for you multiple times, or are you interested in responding to the one person who expressly said they would help you?
The thing with all coins is that they're too volatile. Nobody knows if they'd be dust throughout the time of a whole year. The one providing the loan is put at risk of loss. Op should come with a way to minimize the risk, like turning alts to fiat.
Actually, the risk runs both ways. Both the collateral or the loan coin could soar or turn to dust. Turning alts to fiat only solves for half the equation. But I appreciate you pointing out a risk and educating me nonetheless.
The thing with all coins is that they're too volatile. Nobody knows if they'd be dust throughout the time of a whole year. The one providing the loan is put at risk of loss. Op should come with a way to minimize the risk, like turning alts to fiat.
What I hear you saying is that the lender has the risk that if the collateral becomes worthless, that the borrower may decide to not repay and walk away with the loan?
I hadn't thought about that....
somewhat negotiable. ltc, dash, possibly others.
If you can provide LTC as collateral then I can do this for you provided that you can offer at least 125% of the principle of the loan worth of LTC as collateral. In the event that the collateral becomes worth greater then 150% of the amount of the loan, I can agree to return an amount (at your request) that would bring the collateral value down to 125% of the principle of the loan. In the event that the value of the collateral falls below 105% of the amount of the principle, then I would have the right (but not the obligation) to sell the collateral at the best available market price that would allow me to quickly liquidate the collateral to cover the loan, with any excess amounts being returned to you. 
The thing with all coins is that they're too volatile. Nobody knows if they'd be dust throughout the time of a whole year. The one providing the loan is put at risk of loss. Op should come with a way to minimize the risk, like turning alts to fiat.
If 1 year is too long, I'm cool with shorter. That should be somewhat obvious since the original loan offer has the option to call the loan, so the end date is flexible.
Wow 1 year seems long enough
The reality is I would buy the coins to send to you, so it could be anything you and I agree to. Although I prefer not to buy high.....
somewhat negotiable. ltc, dash, possibly others.
What altcoin are you offering?
Loan amount : .5BTC
Collateral : 125% alt coin. 20% of which is returned in 6 months
Loan reason : Investing and long term plans*
Your BTC address : 17g4kvcRHVtea62iMFp7XussVNrgbb1FkA
Repayment offered : .005 every month, .5 at the end of the year.
Date of repayment : Monthly interest. Principal at end of year. Possibility of calling the loan early.
*More about the loan reason.
I have been successfully making enough to use this .5 to make money for me while still paying you back. I also make enough to pay you back if Murphy's law takes over. My long term goals (years) are multiple: Learning more of the lending/borrowing process, fine tuning my investments, becoming a contributor, getting an unsecured loan, grow my ratings. I have no idea what will ever be possible and that is ok. One step at a time.
Some will say, "what about BTCJam or [insert name here] loan?". Those would be better but I don't qualify for those sites since I'm from an "undesirable" country. Some might say, "Just take it out on your credit card." I have done that some (how do you think I'll get the alt coin for collateral?). However, it's better for the loan to be in BTC since I'm paying BTC to mitigate exchange rate issues. I also have other long range goals in mind and getting a loan here helps those goals.
As you can see from my rating, I'm new to the forums. I've tried to put something together fair to both parties based on other posts I've read. If it isn't, I'm sure someone will tell me
Please don't knock me down without giving me a chance to correct issues as my reputation is important to me for my long term goals.
Reputable loaners only. Neither side of this wants to be scammed.
Collateral : 125% alt coin. 20% of which is returned in 6 months
Loan reason : Investing and long term plans*
Your BTC address : 17g4kvcRHVtea62iMFp7XussVNrgbb1FkA
Repayment offered : .005 every month, .5 at the end of the year.
Date of repayment : Monthly interest. Principal at end of year. Possibility of calling the loan early.
*More about the loan reason.
I have been successfully making enough to use this .5 to make money for me while still paying you back. I also make enough to pay you back if Murphy's law takes over. My long term goals (years) are multiple: Learning more of the lending/borrowing process, fine tuning my investments, becoming a contributor, getting an unsecured loan, grow my ratings. I have no idea what will ever be possible and that is ok. One step at a time.
Some will say, "what about BTCJam or [insert name here] loan?". Those would be better but I don't qualify for those sites since I'm from an "undesirable" country. Some might say, "Just take it out on your credit card." I have done that some (how do you think I'll get the alt coin for collateral?). However, it's better for the loan to be in BTC since I'm paying BTC to mitigate exchange rate issues. I also have other long range goals in mind and getting a loan here helps those goals.
As you can see from my rating, I'm new to the forums. I've tried to put something together fair to both parties based on other posts I've read. If it isn't, I'm sure someone will tell me
Please don't knock me down without giving me a chance to correct issues as my reputation is important to me for my long term goals.Reputable loaners only. Neither side of this wants to be scammed.
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