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Topic: I want to borrow 100 BSV - page 2. (Read 488 times)

borrowingborrower
newbie
Activity: 7
Merit: 0
Re: I want to borrow 100 BSV
December 17, 2019, 04:04:37 PM
#8
Quote from: suchmoon on December 17, 2019, 03:54:33 PM
BSV holders (if there is such a thing) probably wouldn't lend to you because they think BTC will tank making your collateral insufficient but I tried anyway: https://bitcointalksearch.org/topic/ann-bsv-bitcoin-sv-original-satoshi-vision-4985868
There is of course also a significant risk that a newbie account would try to pull some escrow/collateral scam.

Thanks man!
suchmoon
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Re: I want to borrow 100 BSV
December 17, 2019, 03:54:33 PM
#7
Quote from: borrowingborrower on December 17, 2019, 03:42:04 PM
Yes, I understand that. Full agree. But I am looking for someone who after all holds BSV. For example I hold some GameCredits Smiley and if it was possible I would lend them.

BSV holders (if there is such a thing) probably wouldn't lend to you because they think BTC will tank making your collateral insufficient but I tried anyway: https://bitcointalksearch.org/topic/ann-bsv-bitcoin-sv-original-satoshi-vision-4985868

There is of course also a significant risk that a newbie account would try to pull some escrow/collateral scam.
borrowingborrower
newbie
Activity: 7
Merit: 0
Re: I want to borrow 100 BSV
December 17, 2019, 03:42:04 PM
#6
The risk is the value of BSV declines. I don’t think many lenders around here are holding large amounts of BSV, so they would be subject to prove risks even if you repay.
[/quote]

Yes, I understand that. Full agree. But I am looking for someone who after all holds BSV. For example I hold some GameCredits Smiley and if it was possible I would lend them.
PrimeNumber7
copper member
Activity: 1666
Merit: 1901
Amazon Prime Member #7
Re: I want to borrow 100 BSV
December 17, 2019, 03:37:48 PM
#5
Quote from: borrowingborrower on December 17, 2019, 03:35:04 PM
Quote from: suchmoon on December 17, 2019, 03:19:44 PM
Why would anyone in their right mind want to do it? For a measly 0.25%...

Offer 25% and you might find someone willing to take the risk.


It is one week loan. Yearly it would be ~ 12,5%. And what is the risk for the lender? I have a collateral. If someone holds BSV what is the problem for him to lend them for a week? I don't get it.
The risk is the value of BSV declines. I don’t think many lenders around here are holding large amounts of BSV, so they would be subject to prove risks even if you repay.
borrowingborrower
newbie
Activity: 7
Merit: 0
Re: I want to borrow 100 BSV
December 17, 2019, 03:35:04 PM
#4
Quote from: suchmoon on December 17, 2019, 03:19:44 PM
Why would anyone in their right mind want to do it? For a measly 0.25%...

Offer 25% and you might find someone willing to take the risk.


It is one week loan. Yearly it would be ~ 12,5%. And what is the risk for the lender? I have a collateral. If someone holds BSV what is the problem for him to lend them for a week? I don't get it.
AB de Royse777
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
Re: I want to borrow 100 BSV
December 17, 2019, 03:30:29 PM
#3
Quote from: suchmoon on December 17, 2019, 03:19:44 PM


Offer 25% and you might find someone willing to take the risk.

Sorry there are no BSV loan here, not even with 25% interest rate :-)
suchmoon
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Re: I want to borrow 100 BSV
December 17, 2019, 03:19:44 PM
#2
Why would anyone in their right mind want to do it? For a measly 0.25%...

Offer 25% and you might find someone willing to take the risk.
borrowingborrower
newbie
Activity: 7
Merit: 0
Re: I want to borrow 100 BSV
December 17, 2019, 03:16:09 PM
#1
I want to borrow 100 BSV for a week. I can pay back 100.25 BSV. I have a collateral in BTC (110%).
Does anyone have enough BSV?
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