Due to lack of interest, I am closing this service.
Thank you anyway and good luck to all in investing and trading.
Topic: bananahunter67's alts deposit service - win 3% to 10% on your coins for 1 month (Read 2055 times)
April 30, 2014, 02:19:58 PM
April 11, 2014, 03:03:16 PM
I don't see any benefit in this service, the return is so bad for a month loan of x amount of coins, just day trading with half the amount of the loan can generate more return in a matter of hours (dependent on coin)....
Not trying to bash, but just stating my thought.
On other hand, good for you in keeping it 100% transparent and not scamming people =)
Thank you for your input. Not trying to bash, but just stating my thought.
On other hand, good for you in keeping it 100% transparent and not scamming people =)
Actually I am a bad trader when it comes to daily active trading.
If you have an established strtaegy would you be interested to trade for me for some %?
April 10, 2014, 05:29:25 PM
I don't see any benefit in this service, the return is so bad for a month loan of x amount of coins, just day trading with half the amount of the loan can generate more return in a matter of hours (dependent on coin)....
Not trying to bash, but just stating my thought.
On other hand, good for you in keeping it 100% transparent and not scamming people =)
Not trying to bash, but just stating my thought.
On other hand, good for you in keeping it 100% transparent and not scamming people =)
April 10, 2014, 12:01:29 PM
Isracoin added!
April 08, 2014, 05:18:43 PM
Of course, but that whole paragraph means nothing because your entire lineup of coins you're willing to trade are ones you're *betting* on going down, you *want* them to go down. And since you won't give them the BTC value in gains that short selling made, you will clearly always choose to hand them back a pile of now worthless coins that you bought back weeks later after the price tanked. That's *why* you picked downtrending coins. You never have to worry about being wrong when you pick a lineup where the top prospect is controversial at best, and the rest are completely stagnated or riddled with scandal and bad PR.
Why not pick anything promising? Since everything is liquid through BTC anyway there's no good reason to have this lineup of coins unless I am correct in your intended strategy of easy and guaranteed profit from suckers. It's just extra funny b/c if you actually were a skilled trader, you wouldn't need the swindler's slant betting on near-guaranteed downtrends that sap money from your customers, and you could make tons of bank with a service like this - especially after the good reviews after the first couple rounds with a legit escrow, etc. Alas, you are not and it is what it is.
Why not pick anything promising? Since everything is liquid through BTC anyway there's no good reason to have this lineup of coins unless I am correct in your intended strategy of easy and guaranteed profit from suckers. It's just extra funny b/c if you actually were a skilled trader, you wouldn't need the swindler's slant betting on near-guaranteed downtrends that sap money from your customers, and you could make tons of bank with a service like this - especially after the good reviews after the first couple rounds with a legit escrow, etc. Alas, you are not and it is what it is.
I pick just things and coinditions I can stick to as I do not pick strategies I can not handle promises on as I do not scam people.
You are not correct that I am never worrying about anything as I still am risking up to 10% if trend goes against me (coins raise in value) and if in that case my client has lost opportunity to win, the better option for me is to return the higher interest in BTC, this is still 10% and if you call this no risking and no profit to client, I am not calling it this way.
And finally, but not less important: I have been also in a position where I would choose my clients sides and use my service. This is where I am a strong coin believer and I want to hold a coin long term and I am not interested in short trades. Why? Because if coin drops in value which is worst scenario in your eyes, and I sell it on panic now, it may raise up later and I can miss the train for the long trip I have chosen as a strategy. And I have felt this way for promising coins in my opinion I have followed in the past. If the coins I have chosen are going to go down in yours and probably mine eyes (as yes, I do belive they will go down in value the next month), you need to understand that not everyone may share our opinion. Who is still mining this coins? Who is buying them on exchanges? Who is posting in their threads communites and is following their progress? Obviously people which long term believe in these coins. Sorry man, but if market has just one opinion and it was just yours these coins would be dead long time ago but obviously they are still not. If they are long term holders in these coins and they prefer to take a short term 3% interest and keep their coins for long time my service is perfect for them.
I saw your message in the Tag topic. I might be interested later. If so, I'll contact you.
Does anyone has experience with this service already?
Thank you for your interest, please, send me a PM. Does anyone has experience with this service already?
Which coin would you be interested in?
April 08, 2014, 05:05:30 PM
I saw your message in the Tag topic. I might be interested later. If so, I'll contact you.
Does anyone has experience with this service already?
Does anyone has experience with this service already?
April 08, 2014, 02:00:50 AM
Interesting that all the coins listed are not particularly great prospects for high gains, IMO, and if you ask me, the lot of them are looking at very rocky ground ahead - the one exception *maybe* being AUR. Since the OP gets to choose if he gives you your WDC back or pays you BTC, he's simply offering to hold coins that he believes are downtrending, sell them all (conveniently helping to crash the price further), then rebuy cheaply plus a few percent and hand you the same shitcoins back that are now worth less. This is *exactly* why he has selected the coins he has. What's to stop him from picking any coin at all? Nothing. Why has he selected these coins in particular?
Even if that doesn't pan out, and a coin rises, then in that case you don't get completely screwed since you're guaranteed to come out at least a few percent ahead in value, and from his perspective he profits as well.
But it is clear from the coin selection what this man's intention is. I honestly was very intrigued at the idea of bankrolling some daytrader who will return interest, but the not-so-subtle caveat that *he* gets to select how he returns value to you is how the game is rigged decidedly in his favor, and even though both sides *could* win in a skilled trader's hands, this man is instead betting on attracting people who have mislead faith in downtrending coins, so he can sap the BTC out of their bankroll before they do and leave them with the tattered remains 30 days later.
Thank you for your great analisies. In stock trading this is called short selling and is a fairly established way of trading (the other guy before you suggested as well short sell, but obviously has missed some part as he claimed I may got in a situation where I can not hold my promises as per contract which is just not correct). As I said I made this thread non-moderated on purpose as I want to be transperant and as everyone sees, I am not trying to scam anyone. What am I doing is putting my open rules on the table and leaving anyone decides if they fit him or not. In trading and betting on every single trade there is a looser and a winner. Fact. Money does not come from the air, to come to ones pocket they needs to go out of someone elses pocket. If anyone tries to convince you he is offering you a win-win situation in trading, he is lying you. Well, I am not a lier and I do not claim that. By the way, same applies to the case where you want to hire a pro trader on some percent as then also his and yours potentional wins will be generated from loosers on the other side. Am I winner and are other folks the loosers in this thread? Obviously I want it to be this way and my potentional clients want that to be reversed. Does anyone knows for sure what will happen? Obviously not, as no one can read the future. So I suggest a deal with fair rules anyone can read and judge. If he see it as a good investment he is welcomed to enter, otherwise it is not. In stock trading it is the same, as both sides, shorter and lender believes they will win, no one knows for sure, I am just on the shorter side here. Even if that doesn't pan out, and a coin rises, then in that case you don't get completely screwed since you're guaranteed to come out at least a few percent ahead in value, and from his perspective he profits as well.
But it is clear from the coin selection what this man's intention is. I honestly was very intrigued at the idea of bankrolling some daytrader who will return interest, but the not-so-subtle caveat that *he* gets to select how he returns value to you is how the game is rigged decidedly in his favor, and even though both sides *could* win in a skilled trader's hands, this man is instead betting on attracting people who have mislead faith in downtrending coins, so he can sap the BTC out of their bankroll before they do and leave them with the tattered remains 30 days later.
April 07, 2014, 06:13:03 AM
Lenders seriously risk to lose most of their money if this happen, even if they use escrow.
Lenders are adult peoples with heads on their heads and they decide what to do with their money. Anyone can judge his own predictions on the market, his own decision if to trade by himself and decide if to take my service or not. For someone it may be not a good opporunity, for someone it may be not. But what is important here is that if people use an escrow they are not risking to loose anything which is promised by myself, stated as a clear condition and accepted by them as their own investment strategy.
If the market goes against your position you will have very high incentive to just disappear.
First, I am not a person who will dissapear with anyones money and I will not risk my profile on Bitctoinalk I have build to that level for months.
Second, it seems you obviously are not aware of my plans. You are just suggesting something in your head and telling the whole thread I am going to do what you think I will do which obviously is not correct. As I said, I will not reveal my strategy as this a business secret, what I will reveal, is that I take the needed insurance so that I can cover my promised conditions in the OP on 100% from the moment I take the loan as I would never take a risk or give a promise I can not hold with someones elses money. Apart from crypto I am running a serious IT business for years (you can check my profiles older posts) which gives me far more money than the ones I would make in this thread as the last thing I would consider is run away from Bitctoinalk and ruin my reputation for pennies. I am a honest and serious person and I am not one going to gamble with anyones money without an insurance as I would take a risk I can not cover only if I play with my own money.
Third, as already stated lots of time, anyone interested in a risk free option may refer to the option with the escrow insurance, but then he will get a lower interest fee. I would like more the non-escrow option as it gives me more opportunity to do my own business with the coins and gives the lender higher interest fee. However, if main interest is only to the escrow option I am going to increase my BTC buffer and accept more deposits with an escrow guarantee.
And finally, please, think well before you talk as it seems either you did not read OP carefuly or either you are really not aware of what I will be doing if you call this short selling as anyone following the OP and your toughts can easily judge thar you are talking nonsence and a situation where I can not cover the risk can not exist even if I go with the non-escrow option.
Unfortunately I can not lower the minimum deposit as I said I run a serious business in real life and I am extremely busy person, it is just not worth for me to do all the accounting and updating of the thread for such small amounts, even 0.1 was my hard minimum as I was considering to set 0.5 in the begning.
My rules are clear and everything is on the table, anyone interested in these conditions can join, otherwise I am not interested as well.
Thanks anyway for your interest!
April 07, 2014, 06:05:58 AM
Lenders seriously risk to lose most of their money if this happen, even if they use escrow.
Lenders are adult peoples with heads on their heads and they decide what to do with their money. Anyone can judge his own predictions on the market, his own decision if to trade by himself and decide if to take my service or not. For someone it may be not a good opporunity, for someone it may be not. But what is important here is that if people use an escrow they are not risking to loose anything which is promised by myself, stated as a clear condition and accepted by them as their own investment strategy.
If the market goes against your position you will have very high incentive to just disappear.
First, I am not a person who will dissapear with anyones money and I will not risk my profile on Bitctoinalk I have build to that level for months.
Second, it seems you obviously are not aware of my plans. You are just suggesting something in your head and telling the whole thread I am going to do what you think I will do which obviously is not correct. As I said, I will not reveal my strategy as this a business secret, what I will reveal, is that I take the needed insurance so that I can cover my promised conditions in the OP on 100% from the moment I take the loan as I would never take a risk or give a promise I can not hold with someones elses money. Apart from crypto I am running a serious IT business for years (you can check my profiles older posts) which gives me far more money than the ones I would make in this thread as the last thing I would consider is run away from Bitctoinalk and ruin my reputation for pennies. I am a honest and serious person and I am not one going to gamble with anyones money without an insurance as I would take a risk I can not cover only if I play with my own money.
Third, as already stated lots of time, anyone interested in a risk free option may refer to the option with the escrow insurance, but then he will get a lower interest fee. I would like more the non-escrow option as it gives me more opportunity to do my own business with the coins and gives the lender higher interest fee. However, if main interest is only to the escrow option I am going to increase my BTC buffer and accept more deposits with an escrow guarantee.
And finally, please, think well before you talk as it seems either you did not read OP carefuly or either you are really not aware of what I will be doing if you call this short selling as anyone following the OP and your toughts can easily judge thar you are talking nonsence and a situation where I can not cover the risk can not exist even if I go with the non-escrow option.
Unfortunately I can not lower the minimum deposit as I said I run a serious business in real life and I am extremely busy person, it is just not worth for me to do all the accounting and updating of the thread for such small amounts, even 0.1 was my hard minimum as I was considering to set 0.5 in the begning.
My rules are clear and everything is on the table, anyone interested in these conditions can join, otherwise I am not interested as well.
Thanks anyway for your interest!
April 07, 2014, 05:52:59 AM
Lenders seriously risk to lose most of their money if this happen, even if they use escrow.
Lenders are adult peoples with heads on their heads and they decide what to do with their money. Anyone can judge his own predictions on the market, his own decision if to trade by himself and decide if to take my service or not. For someone it may be not a good opporunity, for someone it may be not. But what is important here is that if people use an escrow they are not risking to loose anything which is promised by myself, stated as a clear condition and accepted by them as their own investment strategy.
If the market goes against your position you will have very high incentive to just disappear.
First, I am not a person who will dissapear with anyones money and I will not risk my profile on Bitctoinalk I have build to that level for months.
Second, it seems you obviously are not aware of my plans. You are just suggesting something in your head and telling the whole thread I am going to do what you think I will do which obviously is not correct. As I said, I will not reveal my strategy as this a business secret, what I will reveal, is that I take the needed insurance so that I can cover my promised conditions in the OP on 100% from the moment I take the loan as I would never take a risk or give a promise I can not hold with someones elses money. Apart from crypto I am running a serious IT business for years (you can check my profiles older posts) which gives me far more money than the ones I would make in this thread as the last thing I would consider is run away from Bitctoinalk and ruin my reputation for pennies. I am a honest and serious person and I am not one going to gamble with anyones money without an insurance as I would take a risk I can not cover only if I play with my own money.
Third, as already stated lots of time, anyone interested in a risk free option may refer to the option with the escrow insurance, but then he will get a lower interest fee. I would like more the non-escrow option as it gives me more opportunity to do my own business with the coins and gives the lender higher interest fee. However, if main interest is only to the escrow option I am going to increase my BTC buffer and accept more deposits with an escrow guarantee.
And finally, please, think well before you talk as it seems either you did not read OP carefuly or either you are really not aware of what I will be doing if you call this short selling as anyone following the OP and your toughts can easily judge thar you are talking nonsence and a situation where I can not cover the risk can not exist even if I go with the non-escrow option.
April 07, 2014, 05:30:07 AM
Lenders seriously risk to lose most of their money if this happen, even if they use escrow.
Lenders are adult peoples with heads on their heads and they decide what to do with their money. Anyone can judge his own predictions on the market, his own decision if to trade by himself and decide if to take my service or not. For someone it may be not a good opporunity, for someone it may be not. But what is important here is that if people use an escrow they are not risking to loose anything which is promised by myself, stated as a clear condition and accepted by them as their own investment strategy.
If the market goes against your position you will have very high incentive to just disappear.
First, I am not a person who will dissapear with anyones money and I will not risk my profile on Bitctoinalk I have build to that level for months.
Second, it seems you obviously are not aware of my plans. You are just suggesting something in your head and telling the whole thread I am going to do what you think I will do which obviously is not correct. As I said, I will not reveal my strategy as this a business secret, what I will reveal, is that I take the needed insurance so that I can cover my promised conditions in the OP on 100% from the moment I take the loan as I would never take a risk or give a promise I can not hold with someones elses money. I am a honest and serious person and I am not one going to gamble with anyones money without an insurance as I would take a risk I can not cover only if I play with my own money.
Third, as already stated lots of time, anyone interested in a risk free option may refer to the option with the escrow insurance, but then he will get a lower interest fee. I would like more the non-escrow option as it gives me more opportunity to do my own business with the coins and gives the lender higher interest fee. However, if main interest is only to the escrow option I am going to increase my BTC buffer and accept more deposits with an escrow guarantee.
And finally, please, think well before you talk as it seems either you did not read OP carefuly or either you are really not aware of what I will be doing if you call this short selling as anyone following the OP and your toughts can easily judge thar you are talking nonsence and a situation where I can not cover the risk can not exist even if I go with the non-escrow option.
April 07, 2014, 05:12:13 AM
OP obviously wants to short sell these coins.
I would not lend anything to him, be careful.
What I intend to do is my business, however, even if I am willing to do short sell, would you please say do you see this as some kind of scam or something bad, and if yes, why?I would not lend anything to him, be careful.
People take their own managment with their money and if they think my conditions are good they will accept them, otherwise, they will not.
But please do not troll my thread by frighting people without any solid reasons to "be careful with me". At the end anyone who wants to be further insuranced may use the escrow option.
I could have opened a self-moderated thread in the begining and delete posts like yours but I did not do that on purpose so everything can be 100% transperent as I am not scamming people. What I do is I am offering a fair service with clear conditions which anyone can judge if it is interesting or not for himself.
This is not a scam for the moment.
But it will become if the altcoin market start to rise again.
These coins have very small market cap and are very volatile, they can do 2X or 3X against BTC in a matter of hours.
Lenders seriously risk to lose most of their money if this happen, even if they use escrow.
If the market goes against your position you will have very high incentive to just disappear.
April 07, 2014, 04:59:36 AM
OP obviously wants to short sell these coins.
I would not lend anything to him, be careful.
What I intend to do is my business, however, even if I am willing to do short sell, would you please say do you see this as some kind of scam or something bad, and if yes, why?I would not lend anything to him, be careful.
People take their own managment with their money and if they think my conditions are good they will accept them, otherwise, they will not.
But please do not troll my thread by frighting people without any solid reasons to "be careful with me". At the end anyone who wants to be further insuranced may use the escrow option.
I could have opened a self-moderated thread in the begining and delete posts like yours but I did not do that on purpose so everything can be 100% transperent as I am not scamming people. What I do is I am offering a fair service with clear conditions which anyone can judge if it is interesting or not for himself.
April 07, 2014, 04:51:26 AM
Doge?
No, not interested in Doge, it is just an example in OP. Thanks anyway.i have around 30 mbtc. Which coin would you like me to convert to?
April 07, 2014, 04:46:33 AM
OP obviously wants to short sell these coins.
I would not lend anything to him, be careful.
I would not lend anything to him, be careful.
April 07, 2014, 04:36:39 AM
Doge?
No, not interested in Doge, it is just an example in OP. Thanks anyway.i have around 30 mbtc. Which coin would you like me to convert to?
April 07, 2014, 04:07:08 AM
Doge?
No, not interested in Doge, it is just an example in OP. Thanks anyway. April 07, 2014, 03:52:12 AM
Doge?
April 07, 2014, 03:25:23 AM
Post it here publicly with terms/conditions and your LTC address https://bitcointalksearch.org/topic/micro-loans-available-in-ltc-no-collateral-necessary-plus-awesome-giveaways-537951
Not interested in LTC, thanks anyway for interest tough! April 07, 2014, 03:24:35 AM
Pls, check updated OP.
Deposits with escrow have current escrow buffer limit of 0.525 BTC.
Deposists without escrow have limits as stated below.
Worldcoin (WDC).
Price: 8050 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Megacoin (MEC).
Price: 14800 satoshi
Limit: Current escrow buffer or 2 BTC (which is more).
Tagcoin (TAG).
Price: 25500 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Auroracoin (AUR).
Price: 390'000 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
KittehCoin (MEOW).
Price: 5 satoshi
Limit: Current escrow buffer or 10 BTC (which is more).
Lottcoin (LOT).
Price: 3 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Note: as prices fluctate all the time I reserve the right to change prices I am accepting if the deal is delayed and re-ask the client for confirmation he is OK with new price. Final price is the price, agreed in the final deal.
CURRENTLY TAKING:
Deposits with escrow have current escrow buffer limit of 0.525 BTC.
Deposists without escrow have limits as stated below.
Worldcoin (WDC).
Price: 8050 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Megacoin (MEC).
Price: 14800 satoshi
Limit: Current escrow buffer or 2 BTC (which is more).
Tagcoin (TAG).
Price: 25500 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Auroracoin (AUR).
Price: 390'000 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
KittehCoin (MEOW).
Price: 5 satoshi
Limit: Current escrow buffer or 10 BTC (which is more).
Lottcoin (LOT).
Price: 3 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Note: as prices fluctate all the time I reserve the right to change prices I am accepting if the deal is delayed and re-ask the client for confirmation he is OK with new price. Final price is the price, agreed in the final deal.
April 05, 2014, 11:03:38 AM
Post it here publicly with terms/conditions and your LTC address https://bitcointalksearch.org/topic/micro-loans-available-in-ltc-no-collateral-necessary-plus-awesome-giveaways-537951
April 05, 2014, 04:50:51 AM
Yes, like bank.
Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
very interesting. Do drop me a pm once you are releasing this. thanks!Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
Thank you for your interest!
April 05, 2014, 04:40:58 AM
Yes, like bank.
Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
very interesting. Do drop me a pm once you are releasing this. thanks! Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
April 05, 2014, 04:35:08 AM
Yes, like bank.
Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
Sorry, what I am going to do with them I am not willing to reveal.
However I doubt any would have problems with that as I am offering interest and even I am OK with using an escrow if requested, which makes scamming just not possible. So whoever uses my service will get a totally risk free, 100% guranteed, either 2% alt currency or 5% BTC pure profit interest in just 2 weeks.
April 05, 2014, 04:32:20 AM
Hi,
in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
\in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
wait so you would take cryptocurrency loans from other people and repay them a little more after a period of time?
- pay back in same alt currency with 2% interest
OR
- pay back in BTC equivalent based on price by the time of the loan with 5% interest
April 05, 2014, 04:29:07 AM
Hi,
in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
\in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
wait so you would take cryptocurrency loans from other people and repay them a little more after a period of time?
- pay back in same alt currency with 2% interest
OR
- pay back in BTC equivalent based on price by the time of the loan with 5% interest
April 05, 2014, 04:20:36 AM
Hi,
in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
\in this thread I am willing to take loans of alts on the following conditions:
1. I will be requesting a loan of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it.
2. The loan will be for x period of time which may vary and will be updated for each new loan request, but default will be around 2 weeks I guess.
3. After the x period of time I am obliged to do one of the following two things:
- Return the same alt amount to the investor + 2% interest
OR
- Return the BTC equivalent of the alt loan estimated on a "BUY" on exchanges price basis by the time the loan was made + 5% interest in BTC
4. I think that my account is trustworthy enough so I can get directly loans, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service.
This is the brief overall description of my service, soon I will start updating the thread with requests for exact alts, stay tuned.
All deals will be put in this thread to show transperancy of service and help me build up my reputation even further.
Thank you for reading.
wait so you would take cryptocurrency loans from other people and repay them a little more after a period of time?
April 05, 2014, 04:18:04 AM
bananahunter67's DEPOSIT SERVICE WITH INTEREST - WIN MONTHLY INTEREST ON YOUR ALT COINS.
IN BRIEF
I will be functioning like a bank, offering interest for deposits. I will be taking loans in alternative cryptocurrencies and will be giving between 3 and 10 % iterest on them for specific period of time which usually will be 1 month. A escrow with guarantee for the sum im BTC is possible if you find someone trusted to provide it for 0%.
TERMS AND CONDITIONS
1. I will be requesting a loan (deposit) of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it, or, if specified, any other custom price me and custommer agree on.
2. The loan will be for x period of time which may vary and will be updated for each new deposit request, but by default will be 1 month.
3. No later than the agreed period of time fir the deposit I am obliged to do one of the following two things:
A. When escrow service is used:
- Return the same alt coins amount to the investor + 3% interest
OR
- Return the BTC equivalent of the alt deposit estimated on the price basis on which the deposit was made (not on the market price by the time of the end of the deposit) + 5% interest in BTC
B. When escrow service is not used:
- Return the same alt coins amount to the investor + 5% interest
OR
- Return the BTC equivalent of the alt deposit estimated on the price basis on which the deposit was made (not on the market price by the time of the end of the deposit) + 10% interest in BTC
The decision which of the two options for returning the deposit to be used is solely mine.
4. I think that my account is trustworthy enough so I can get directly the deposits, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service. I will be able to take deposits without escrow guarantee on higher interests all the time, however, I will have limited abilities to take deposits with escrow gurantees and I will state what is my current escrow buffer.
5. Minimum deposit is 0.1 BTC equivalent.
EXAMPLE
I am taking 1 BTC worth of DOGE on a price of 100 satoshi, this is a milion (1'000'000) DOGE.
When using escrow:
I am sending to the escrow 1.05 BTC and then I get the DOGE. The escrow gurantee stays locked untill the time of the end of the deposit and if I choose to refund the deposit in DOGE I will get back my BTC from the escrow.
Non later than the x period of time as agreed with custommer I am obliged to return to him either 1.05 BTC from the escrow or 1030000 DOGE.
You win: 0.05 BTC or 30'000 DOGE.
When not using escrow:
Escrow is not used.
Non later than the x period of time as agreed with custommer I am obliged to return to him either 1.1 BTC or 1050000 DOGE.
You win: 0.1 BTC or 50'000 DOGE.
CURRENTLY TAKING:
Deposits with escrow have current escrow buffer limit of 1.225 BTC.
Deposists without escrow have limits as stated below.
Worldcoin (WDC).
Price: average BUY price on Cryptsy or ~ 8050 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Megacoin (MEC).
Price: average BUY price on Cryptsy or ~ 14800 satoshi
Limit: Current escrow buffer or 2 BTC (which is more).
Tagcoin (TAG).
Price: average BUY price on Cryptsy or ~ 25500 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Auroracoin (AUR).
Price: average BUY price on Cryptsy or ~ 390'000 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
KittehCoin (MEOW).
Price: 5 satoshi
Limit: Current escrow buffer or 10 BTC (which is more).
Lottcoin (LOT).
Price: 3 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Isracoin (ISR).
Price: current exchange price
Limit: Current escrow buffer or 5 BTC (which is more).
Note: as prices fluctate all the time I reserve the right to change prices I am accepting if the deal is delayed and re-ask the client for confirmation he is OK with new price. Final price is the price, agreed in the final deal.
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