Topic: Interested in borrowing 15,000 to 25,000 LTC at 1% per week. - page 2. (Read 3280 times)
Where did PPCoin come into this convo?
My guess is he thinks driving it even lower is possible, then buying it back after it hit the bottom.
I have no intent to drive the price lower. That is a common fallacy.
May I call you "Little Soros" from now on?
Oh I forgot you probably have me on ignore again after my last thread.
I take it you are not looking to short PPC then. Too bad was hoping to earn some interest.
On the bright side, technically you are earning interest with ppcoins already.
BTW if I thought there was a 1000% (or very close to it) chance of being repaid and I could get my hands on 15k+ litecoins without too much trouble I would do this. Maybe if you put up 100% collateral in bitcoins.
I take it you are not looking to short PPC then. Too bad was hoping to earn some interest.
Someday maybe. PPC is too new. It could go up from here but still go nowhere (or it could go to the moon).
I take it you are not looking to short PPC then. Too bad was hoping to earn some interest.
My guess is he thinks driving it even lower is possible, then buying it back after it hit the bottom.
I have no intent to drive the price lower. That is a common fallacy. When someone buys (long) LTC (or BTC or Gold) does it mean they are trying to drive the price up. It is simply taking a position. If you are long and the asset appreciates (and would have appreciated even if you weren't long) then you profit and if it declines you take a loss. When short the reverse is true. I believe that regardless of if I personally short LTC or not the price will decline over the next 90 days. If it does (and I get this loan) then I win. If it doesn't then I lose.
Nothing more complicated then that.
wont loan to you just so u can sell
Well that shows a lack of faith in the fundamentals. Shorting is common in any financial environment. It isn't my intend to drive the price down. I just believe the price will fall. If it doesn't the lender benefits from both price appreciation and interest. If it does the interest reduces the loss from the price decline.
Anyways the offer is an open one. If anyone is a long term holder who actually has conviction in their holding (and not just looking for a quick pump and dump) drop me a PM.
Well problem is shorting by announcing it this way can have the opposite effect - see pirate...
Are you shorting PPCoin too? I would lend you some at 1% per week. Though I probably don't have enough to satisfy your demand. Perhaps other people can chip in?
wont loan to you just so u can sell
No loan is in LTC, only in LTC. Interest is in LTC, repayment in LTC.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I see.
My guess is your plan is to trade LTC? Arbitrage? In the near term LTC is gonig downwards. Nice plan.
My guess is he thinks driving it even lower is possible, then buying it back after it hit the bottom.
i.e. shorting
No loan is in LTC, only in LTC. Interest is in LTC, repayment in LTC.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I see.
My guess is your plan is to trade LTC? Arbitrage? In the near term LTC is gonig downwards. Nice plan.
My guess is he thinks driving it even lower is possible, then buying it back after it hit the bottom.
No loan is in LTC, only in LTC. Interest is in LTC, repayment in LTC.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I see.
My guess is your plan is to trade LTC? Arbitrage? In the near term LTC is gonig downwards. Nice plan.
No loan is in LTC, only in LTC. Interest is in LTC, repayment in LTC.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party. i.e. I turn into a scammer dirtbag they collect the BTC collateral.
After reading it twice i'm still not clear on what you're doing.
So you're holding BTC but the loan is denominated in LTC?
So you're holding BTC but the loan is denominated in LTC?
Willing to escrow 50% of face value in BTC with trusted third party to provide a partial guarantee.
Loan is interest only with simple interest paid monthly. Loan can be repaid at anytime. Lender can call note after 90 days with 30 days notice.
Loan is interest only with simple interest paid monthly. Loan can be repaid at anytime. Lender can call note after 90 days with 30 days notice.
Jump to: