[CLOSED] due to nil suitable offers. I need 1 BTC LOAN for a Short Period

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: dyask on June 24, 2014, 05:47:02 AM

Of coarse you spin it positive since you are the lender.

Any lender that accepts >0% risk is a gambler.

Quote from: dyask on June 24, 2014, 05:47:02 AM

Seriously .7% a day when you have collateral and paying fees is only a good deal for the lender. Clearly anyone that has to borrow 1 BTC doesn't have much means and will probably be a repeat borrower. This is similar to payday loans.

Collateral and paying fees are not a negotiable issue, they are a requirement before we begin interest rate discussion.

All other loans on the forum are at way higher rates, I just made an offer. Given serious and exhaustive information I am willing to offer lower rates.

dyask

hero member

Activity: 854

Merit: 510

Quote from: Killerloop on June 24, 2014, 04:23:09 AM

Quote from: dyask on June 24, 2014, 03:37:58 AM

That isn't the point. I understand trading and loans, I day traded options for years, although that was almost 10 years ago. Typically though you had to have $25k in an account before you could use a margin loan, but margin rates are great for short term loans. In the altcoin world the borrowing costs are just so high that the only one that will win in the end is the lender. I simply doesn't make sense. Besides if you are bullish and you the coin is locked up in an escrow it doesn't do any good as dumping is so common in the altcoin world.

The lender has to win. His interests take precedence over the trader, as it is only natural. We are talking about loans not partnerships.

Any DECENT lender will let you withdraw some collateral if it exceeds the guaranteed margin otherwise you should choose another escrow/lender.

So if you get BTC giving, for example, 110% LTC and it skyrockets doubling its value any DECENT lender must release half of your collateral immediately.
Of course the opposite applies, if the coins devalue too much.... ouch.

This is what I offer to my customers:)

Of coarse you spin it positive since you are the lender. Seriously .7% a day when you have collateral and paying fees is only a good deal for the lender. Clearly anyone that has to borrow 1 BTC doesn't have much means and will probably be a repeat borrower. This is similar to payday loans.

Anyway I don't wish you any ill. I just find it shocking that people would accept such terms.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: dyask on June 24, 2014, 03:37:58 AM

That isn't the point. I understand trading and loans, I day traded options for years, although that was almost 10 years ago. Typically though you had to have $25k in an account before you could use a margin loan, but margin rates are great for short term loans. In the altcoin world the borrowing costs are just so high that the only one that will win in the end is the lender. I simply doesn't make sense. Besides if you are bullish and you the coin is locked up in an escrow it doesn't do any good as dumping is so common in the altcoin world.

The lender has to win. His interests take precedence over the trader, as it is only natural. We are talking about loans not partnerships.

Any DECENT lender will let you withdraw some collateral if it exceeds the guaranteed margin otherwise you should choose another escrow/lender.

So if you get BTC giving, for example, 110% LTC and it skyrockets doubling its value any DECENT lender must release half of your collateral immediately.
Of course the opposite applies, if the coins devalue too much.... ouch.

This is what I offer to my customers:)

dyask

hero member

Activity: 854

Merit: 510

Quote from: Killerloop on June 24, 2014, 03:30:01 AM

Quote from: dyask on June 24, 2014, 03:04:07 AM

You really aren't making any sense. There are always trading plays, but if you have to borrow to maintain a position, over time it is a losing game.

I understand that it is not an easy concept to grasp.

Let's just say that if you are betting against your coin you should not be taking a loan but selling the altcoin and viceversa.

That isn't the point. I understand trading and loans, I day traded options for years, although that was almost 10 years ago. Typically though you had to have $25k in an account before you could use a margin loan, but margin rates are great for short term loans. In the altcoin world the borrowing costs are just so high that the only one that will win in the end is the lender. I simply doesn't make sense. Besides if you are bullish and you the coin is locked up in an escrow it doesn't do any good as dumping is so common in the altcoin world.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: dyask on June 24, 2014, 03:04:07 AM

You really aren't making any sense. There are always trading plays, but if you have to borrow to maintain a position, over time it is a losing game.

I understand that it is not an easy concept to grasp.

Let's just say that if you are betting against your coin you should not be taking a loan but selling the altcoin and viceversa.

If you trust your coin you can use an extra injection of cash right now, and if things start to go haywire you can always pull out.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: dyask on June 24, 2014, 02:59:39 AM

Quote from: ranochigo on June 24, 2014, 02:50:15 AM

Quote from: dyask on June 24, 2014, 02:46:54 AM

Quote from: allcoinminer on June 24, 2014, 01:41:58 AM

Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

If you have that much Reddcoin, just convert it into bitcoin.

Some people believe that their Alt coin would rise in value in the future. It would be a waste to use their Alt coin to trade for a bit of bitcoin for a short amount of time, when they can easily get it back in the future. The same reason as you don't want to sell an old valuable car just for that amount of money, when it would grow in value.

Just as much risk that the value will go back down too. Borrowing is a certain cost and isn't worth it for the loan sharking that goes in the BTC world. (Unless you are the loan shark.)

That is why 20% extra of the alt coin is needed. And also interest. If the value for the alt coin does go down more than 20%, the lender can still cover a bit of the loan if the brorrower defaults.

dyask

hero member

Activity: 854

Merit: 510

Quote from: Killerloop on June 24, 2014, 02:57:59 AM

Quote from: ranochigo on June 24, 2014, 02:50:15 AM

Some people believe that their Alt coin would rise in value in the future. It would be a waste to use their Alt coin to trade for a bit of bitcoin for a short amount of time, when they can easily get it back in the future. The same reason as you don't want to sell an old valuable car just for that amount of money, when it would grow in value.

For a trader this is a boon, it "freezes" value and keep his/her action going. A lot of risk can be hedged this way.

You really aren't making any sense. There are always trading plays, but if you have to borrow to maintain a position, over time it is a losing game.

dyask

hero member

Activity: 854

Merit: 510

Quote from: ranochigo on June 24, 2014, 02:50:15 AM

Quote from: dyask on June 24, 2014, 02:46:54 AM

Quote from: allcoinminer on June 24, 2014, 01:41:58 AM

Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

If you have that much Reddcoin, just convert it into bitcoin.

Some people believe that their Alt coin would rise in value in the future. It would be a waste to use their Alt coin to trade for a bit of bitcoin for a short amount of time, when they can easily get it back in the future. The same reason as you don't want to sell an old valuable car just for that amount of money, when it would grow in value.

Just as much risk that the value will go back down too. Borrowing is a certain cost and isn't worth it for the loan sharking that goes in the BTC world. (Unless you are the loan shark.)

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: ranochigo on June 24, 2014, 02:50:15 AM

Some people believe that their Alt coin would rise in value in the future. It would be a waste to use their Alt coin to trade for a bit of bitcoin for a short amount of time, when they can easily get it back in the future. The same reason as you don't want to sell an old valuable car just for that amount of money, when it would grow in value.

For a trader this is a boon, it "freezes" value and keep his/her action going. A lot of risk can be hedged this way.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: dyask on June 24, 2014, 02:46:54 AM

Quote from: allcoinminer on June 24, 2014, 01:41:58 AM

Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

If you have that much Reddcoin, just convert it into bitcoin.

Some people believe that their Alt coin would rise in value in the future. It would be a waste to use their Alt coin to trade for a bit of bitcoin for a short amount of time, when they can easily get it back in the future. The same reason as you don't want to sell an old valuable car just for that amount of money, when it would grow in value.

dyask

hero member

Activity: 854

Merit: 510

Quote from: allcoinminer on June 24, 2014, 01:41:58 AM

Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

If you have that much Reddcoin, just convert it into bitcoin.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: allcoinminer on June 24, 2014, 01:41:58 AM

Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

I can take this.

Reference Exchange: Cryptsy @ 0.00000005 for 1 BTC
Interest: 0.7% / day * 14 days no compound = 9,8 %
Final amount: 1,098 BTC
Collateral required: 21,96 million RDD plus 20% margin protection = 26352000 RDD
Escrow welcome if you pay fees.

My terms: https://bitcointalksearch.org/topic/offering-loans-5month-632483

allcoinminer

hero member

Activity: 784

Merit: 504

Since no suitable offers got I dropped the intention for this loan.
Amount: 1 BTC
Period: 2 Weeks
Collateral: Reddcoin
Looking for a reputed lender with previous experience in lending.

Topic: [CLOSED] due to nil suitable offers. I need 1 BTC LOAN for a Short Period (Read 804 times)