[FINALIZED] Need 0.145BTC for 2 weeks, collateral in LTC, interest 10%

magneto

hero member

Activity: 1666

Merit: 753

Quote from: byteball on August 31, 2017, 06:12:00 AM

Hi, I hope all is well and message mentioning address ending in dbRQ is from the rightful account owner.
Repaying today, please don't liquidate collateral if I'm a few hours late as you told me (in private message) you will allow delays to happen at 2%/day simple interest up to 5 days.

Loan has been paid back by byteball: https://blockchain.info/tx/5b4b5ce768c0b625437172757c4e6d316e69198e7ac06493cead8b75ed1741ed

The litecoin collateral held by me(8.011 LTC minus litecoin network fees) has been sent back to the borrower. The transaction ID can be viewed here: https://live.blockcypher.com/ltc/tx/072b2865bf25c5d57e9ca343b1aecbb4acc9321ff7f497c4545bed99346b2f02/ and has received the full 6 confirmations.

Thank you byteball for your on time repayment, and i hope that we can deal again in the future.

You may lock the thread now if you so wish. We can keep in touch via PM for any further loan requirements. Thanks

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Hi, I hope all is well and message mentioning address ending in dbRQ is from the rightful account owner.
Repaying today, please don't liquidate collateral if I'm a few hours late as you told me (in private message) you will allow delays to happen at 2%/day simple interest up to 5 days.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: byteball on August 22, 2017, 07:28:24 AM

Quote from: magneto on August 22, 2017, 06:37:52 AM

- Repayment on 1st September, 0:00 UTC
- Repayment amount is 0.088 BTC
- If collateral value falls below 105%, then i reserve the right to liquidate the collateral. Borrower can also choose to top up his collateral if he wishes so that it maintains above 105%.
- I have to hold the LTC at address LS8yqijNVrx1JUzhV5YcNmP9D2hziegKbh
- Repayment address will be given 1 day before repayment is due.

all correct, I've sent the last 2.711 so the exact collateral is now 8.011LTC, please send remainder of the loan amount once it confirms

For the record, here's the three collateral transactions:
http://explorer.litecoin.net/tx/b919d58afdbddd78e852197b8ace11795e69af2dbac5dc8ae76ca2a418aee601#o0
http://explorer.litecoin.net/tx/831f479c13601059e11fd92a0417071acc74cb1b2f54b7afa58fb15fc6fb7019#o0
http://explorer.litecoin.net/tx/a3d76e0077afcf2cecb2a410ddb37febf8df9fe625b7b6bbefc08b0ba77c60d2#o0

For a total of 8.011 LTC as you mentioned.

Loan has been sent, similarly in 3 increments:

https://blockchain.info/tx/f428d6a13c189110f0a243df1889d66019199593a50a1074dd32b5e16ff18fd4
https://blockchain.info/tx/8ab6b768dcbf5e466512beb12d7e2e71f1eda61b65de88703f0605033bb95568
https://blockchain.info/tx/402abff442e58255f614b7dd9a1950232050857e1b79d6601e05006b804ebcd3

Just a reminder that LTC price did fall a bit today, you might want to readjust the collateral amount if you need. But it's not near the 105% mark yet.

Otherwise, all good. If you have any issues address them to me in PM. Otherwise, talk on 1st September.

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: magneto on August 22, 2017, 06:37:52 AM

- Repayment on 1st September, 0:00 UTC
- Repayment amount is 0.088 BTC
- If collateral value falls below 105%, then i reserve the right to liquidate the collateral. Borrower can also choose to top up his collateral if he wishes so that it maintains above 105%.
- I have to hold the LTC at address LS8yqijNVrx1JUzhV5YcNmP9D2hziegKbh
- Repayment address will be given 1 day before repayment is due.

all correct, I've sent the last 2.711 so the exact collateral is now 8.011LTC, please send remainder of the loan amount once it confirms

magneto

hero member

Activity: 1666

Merit: 753

Quote from: byteball on August 14, 2017, 11:20:49 AM

Quote from: Hallmader on August 14, 2017, 09:54:16 AM

Man you are not paying attention. I said "escrow with a green trust" hence it should be reliable. Anyway good luck with your loan.

I am sorry for the misunderstanding, but I did notice that.
I'm just not comfortable yet with the Trust system, as I believe it can be manipulated.
I think with this kind of sum it's cheaper and faster to split into 2-3 installments, as I offered to magneto.

I have come to an agreement with byteball, with his 8 LTC collateral he will get a loan of 0.079 BTC.

Terms are:

- Repayment on 1st September, 0:00 UTC
- Repayment amount is 0.088 BTC
- If collateral value falls below 105%, then i reserve the right to liquidate the collateral. Borrower can also choose to top up his collateral if he wishes so that it maintains above 105%.
- I have to hold the LTC at address LS8yqijNVrx1JUzhV5YcNmP9D2hziegKbh
- Repayment address will be given 1 day before repayment is due.

Byteball, can you just confirm these terms are all correct?

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: Hallmader on August 14, 2017, 09:54:16 AM

Man you are not paying attention. I said "escrow with a green trust" hence it should be reliable. Anyway good luck with your loan.

I am sorry for the misunderstanding, but I did notice that.
I'm just not comfortable yet with the Trust system, as I believe it can be manipulated.
I think with this kind of sum it's cheaper and faster to split into 2-3 installments, as I offered to magneto.

Hallmader

sr. member

Activity: 1123

Merit: 253

Quote from: byteball on August 14, 2017, 03:32:58 AM

Quote from: Hallmader on August 13, 2017, 02:26:08 PM

Alts keep dropping down in prices right now. I am also interested, but in LTC only I can offer 0.08. I will also look and pay an escrow with a green trust.

Unfortunately as there's no Trust info on you I will not be able to send first to an escrow nominated by you.
It would be much less of a risk just to sell LTC via shapeshift.io

Man you are not paying attention. I said "escrow with a green trust" hence it should be reliable. Anyway good luck with your loan.

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: magneto on August 14, 2017, 05:16:31 AM

Anyways, as you've sent over PM, would you be willing to go with the LTC as only collateral? I'm fine with waiting a week or so.

I will mark this topic as [Lender Reserved] (if I can change topic's title) but I have one more thing:
I would like to send collateral in 3 installments, starting from 2.49LTC, each next installment after receiving a proportional amount of the loan.
I will compensate 60-80 kilosatoshis in extra fees, added to my repayment - or I can go down to 80mBTC loan amount due to this.

Lone Shark

sr. member

Activity: 588

Merit: 250

Quote from: byteball on August 14, 2017, 04:12:38 AM

Quote from: Lone Shark on August 13, 2017, 01:56:15 PM

I appraise the value of your LTC at 0.094BTC, and I can give you a max loan of 0.078BTC.

Hi, thanks for your interest.
Does it mean that if I take out 0.078, you will sell my LTC immediately on any downward move from 0.011 in LTC/BTC market?

If you take 0.078 BTC then your collateral is worth 120% or 0.094btc . In case it drops to about 105% that is the only time I will sell it. But before that happens, I will send you a message that it is dropping, and you have 3 options from there,

1. Wait if it goes up or just wait for autosell
2. Add more collateral to regain 120% collateral level
3. Repay the loan + interest incurred since start of loan.

If you're interested in getting that loan, you can already post it on my thread and I'll process it immediately. Thanks.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: byteball on August 14, 2017, 05:11:27 AM

Quote from: magneto on August 14, 2017, 04:02:31 AM

Unfortunately i wouldn't be able to take the ICO tokens because there is no guarantee that the ICO will succeed.

Thanks for your interest.
This is not to argue with your judgement, just for my better understanding:
the crowdsale of Opus Foundation ends in 1 week. What would need to happen in order for tokens drop >50% in value?
Their ICO has no target (they sell as much as they sell and burn the remainder) and also they are on Ethereum so they deliver
tokens automatically after transferring Ether. They also have beta version demo of their software.
I heard that some tokens lost value after trading started but that was due to delays in delivering tokens.
So if you think my tokens can fall below 0.3ETH once trading begins, what would be the reason for that?

Nothing. I just don't know anything about the crowd sale, nor am i interested in holding the tokens as collateral(i think i'm free to choose what i can accept as valid collateral and what i am not comfortable with, right).

The fact that there are no guarantees of an open market or exchange on which i can sell my coins if the need arises is the main issue for me. A valid collateral should be something that i am guaranteed to be able to liquidate quickly if the value drops or the loan is defaulted on.

Anyways, as you've sent over PM, would you be willing to go with the LTC as only collateral? I'm fine with waiting a week or so.

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: magneto on August 14, 2017, 04:02:31 AM

Unfortunately i wouldn't be able to take the ICO tokens because there is no guarantee that the ICO will succeed.

Thanks for your interest.
This is not to argue with your judgement, just for my better understanding:
the crowdsale of Opus Foundation ends in 1 week. What would need to happen in order for tokens drop >50% in value?
Their ICO has no target (they sell as much as they sell and burn the remainder) and also they are on Ethereum so they deliver
tokens automatically after transferring Ether. They also have beta version demo of their software.
I heard that some tokens lost value after trading started but that was due to delays in delivering tokens.
I also heard that 99% of ICOs have no product and no plans to build it, but that takes more time to be discovered in this particular case.
So if you think my tokens can fall below 0.3ETH once trading begins, what would be the reason for that?

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: Lone Shark on August 13, 2017, 01:56:15 PM

I appraise the value of your LTC at 0.094BTC, and I can give you a max loan of 0.078BTC.

Hi, thanks for your interest.
Does it mean that if I take out 0.078, you will sell my LTC immediately on any downward move from 0.011 in LTC/BTC market?

magneto

hero member

Activity: 1666

Merit: 753

Quote from: byteball on August 14, 2017, 03:32:58 AM

Quote from: Hallmader on August 13, 2017, 02:26:08 PM

Alts keep dropping down in prices right now. I am also interested, but in LTC only I can offer 0.08. I will also look and pay an escrow with a green trust.

Unfortunately as there's no Trust info on you I will not be able to send first to an escrow nominated by you.
It would be much less of a risk just to sell LTC via shapeshift.io

I would be interested in loaning you a 0.081 BTC loan with 10% interest, repayment in 10 days if you can give LTC as a collateral. I would prefer to hold the collateral since i do need to monitor the LTC market closely to avoid any losses. I reserve the right to sell collateral if it falls below 105% at any given moment.

Unfortunately i wouldn't be able to take the ICO tokens because there is no guarantee that the ICO will succeed. But I can definitely go through with my above offer, just PM me whenever you're ready to do it. I'm online right now and will be for a couple of hours.

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Quote from: Hallmader on August 13, 2017, 02:26:08 PM

Alts keep dropping down in prices right now. I am also interested, but in LTC only I can offer 0.08. I will also look and pay an escrow with a green trust.

Unfortunately as there's no Trust info on you I will not be able to send first to an escrow nominated by you.
It would be much less of a risk just to sell LTC via shapeshift.io

Hallmader

sr. member

Activity: 1123

Merit: 253

Quote from: byteball on August 13, 2017, 01:49:18 PM

Hi everyone

Loan request:
Amount: 0.145BTC

Collateral:
8.49LTC
7920 Opus Tokens (worth 1ETH at Phase1 Crowdsale, -gas costs)

Term:
14 or less days

Interest:
10%

Reason:
Need fiat for emergency, don't want to sell LTC just yet

Alts keep dropping down in prices right now. I am also interested, but in LTC only I can offer 0.08. I will also look and pay an escrow with a green trust.

alani123

legendary

Activity: 2422

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Leading Crypto Sports Betting & Casino Platform

Quote from: byteball on August 13, 2017, 01:49:18 PM

Hi everyone

Loan request:
Amount: 0.145BTC

Collateral:
8.49LTC
7920 Opus Tokens (worth 1ETH at Phase1 Crowdsale, -gas costs)

Term:
14 or less days

Interest:
10%

Reason:
Need fiat for emergency, don't want to sell LTC just yet

With bitcoin and altcoins being so volatile I don't think that you'd have much luck with the full BTC amount requested. Also, ICO tokens are too risky to account any value for them. It's a tricky time to get a loan, I think that you'd be better off selling the LTC directly to get some cash in hand.

Lone Shark

sr. member

Activity: 588

Merit: 250

Quote from: byteball on August 13, 2017, 01:49:18 PM

Hi everyone

Loan request:
Amount: 0.145BTC

Collateral:
8.49LTC
7920 Opus Tokens (worth 1ETH at Phase1 Crowdsale, -gas costs)

Term:
14 or less days

Interest:
10%

Reason:
Need fiat for emergency, don't want to sell LTC just yet

I am interested in filling your loan, however only for the LTC as collateral.

I appraise the value of your LTC at 0.094BTC, and I can give you a max loan of 0.078BTC.

If you are interested please post it in my loan thread here -> https://bitcointalksearch.org/topic/l-o-n-e-s-h-a-r-k-l-o-a-n-reopenedupdating-1820695

byteball

member

Activity: 266

Merit: 42

The rising tide lifts all boats

Hi everyone

Loan request:
Amount: 0.145BTC

Collateral:
8.49LTC
7920 Opus Tokens (worth 1ETH at Phase1 Crowdsale, -gas costs)

Term:
14 or less days

Interest:
10%

Reason:
Need fiat for emergency, don't want to sell LTC just yet

Topic: [FINALIZED] Need 0.145BTC for 2 weeks, collateral in LTC, interest 10% (Read 893 times)