Previous Loan:https://bitcointalksearch.org/topic/seeking-1btc-loan-2-4-week-term-10-interest-on-repayment-433194Loan Information:This loan will be utilized to further expand upon my Scrypt mining operations once again.
I am not offering collateral because the purpose of this loan is to more efficiently utilize time and accelerate expansion. If I had alternative currencies at the moment, I would have just exchanged for BTC/USD.
While a loan
rate of 5%/month would be favorable, interest rates can be negotiated.
Thank you, and I look forward to hearing from any potential lenders.
Good luck then. No collateral and well below the normal interest around here
Interest rate is negotiable of course.
There isn't much point in me putting up BTC1.2 as collateral whilst obtaining a loan of the same amount.
Who said anything about bitcoin as collateral? Usually, people use altcoins, and there most certainly is a point in doing so:
1. Your lender has assurance that they're getting their money either way.
2. You, upon paying the loan, have whatever you needed your loan for as well as your previous supply of altcoins
3. You don't have to be concerned with buying your altcoins back at a loss if their value drops during the duration of the loan.
I do not currently hold any substantial amount of any altcoin. I currently have some holdings of BTC, which will be sold off alongside the loan amount to help cover costs of expansion.
Now while I understand the value in collateral for the lender, its only value is if I am not capable of repaying my loan. The loan will be repaid despite lack of collateral, same as the past two loans I linked.
Mind you that loan was made while BTC was of higher value, so again, there is little point in me running off with the funds supplied by the lender.
Thank you for your interest in this loan request though.
