Topic: Loan 0.9btc (Read 988 times)

The loan repaid ? transaction id is there ? And this thread can be locked now right ?

loan has been repaid

thanks to quickseller and sebastianju for holding collateral

This loan has been repaid via bb3940208d94df53658887f14a761ecee705e3e5e6a8d57a00959c0882c71801 with some of the coins being sold by the escrow to cover the loan and the remainder of the collateral being sent to the borrower at the borrowers request.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

This is Quickseller from bitcointalk, today is November 30, 2015

The terms of the loan are as follows:

Borrower: ancientcoins
Lender: Quickseller
Amount: 1 BTC
Interest: 2% weekly - interest accrues at the beginning of the week
Repay Date: 4 weeks
Send to: 1H2btwW2mPwt44xjVQhwZPmzNARxrLgncf
and 1BAHFCLhLg738sGW4BB5mpAaqKGANgBbMk (sent half of the loan per borrower’s request)
Collateral: 11,100 VNL - vanilla coins

I have funded the loan via txid 9b513a1d5131358d28f7b54b652f3308bcf265c6e10a4563d778588f1d55fbc7 and 06a1df3c1fff825409b90c100253a82465da7f5fa10b607c15b8b0a88b612150

Please repay to the following address: 19M5kbLUnbdGu7SVNbtBwBm9cdiEDetsoH

The amount needed to repay is as follows:
By December 8, 2015 @ 2359 UTC: 1.02 BTC
By December 15, 2015 @ 2359 UTC: 1.04 BTC
By December 22, 2015 @ 2359 UTC: 1.06 BTC
By December 29, 2015 @ 2359 UTC: 1.08 BTC

In the event that you make a partial payment and/or you request to have a portion of the collateral sold to cover the loan, then we can recalculate the interest amounts.

Additional terms of the loan can be found on the following unedited post:
https://bitcointalksearch.org/topic/m.13116600

I am currently in possession of 11,100 VNL, however will forward such collateral to sebastianju once he provides an address to send the collateral to for him to hold for the remainder of the term of the loan

Regards
QS
-----BEGIN PGP SIGNATURE-----

iQEcBAEBCgAGBQJWXSmNAAoJEFMt0pDwvrUWprYH/if8GRT7+KS+nWr6Qw+m6LrD
Rb4q4KRidafknbGPLWRnS9Z6TrE0QRMnFeSL9BY4SCLomgbWp8irTIKmHLhNcqtw
GC/gNRnIUyCy6Joep8mOgA3WixGMdng2oLt8qXSBblAKU//e8qKVac9iJ5S5SdPe
lyccKj4YEZf1+JLe5zo+XEfiomvrURY2VtUf3IQyMHsbpRgytxrV8IW2a9fgcaIB
+RZZ1zBZ0/k3Uohcn8B4cLvYL5LZ9oO1JaBMcFlZTRkbEU7o5dUrtprG04GNBxZs
C+2Mhv7Vk51aGGIhAnSA2Wf0hXLZufTTsJhaHSo/8xGS6BHJj+5kX4abv3Hdgus=
=2yw7
-----END PGP SIGNATURE-----

loan received and collateral sent to quickseller

agreed loan with quickseller

Requesting loan in amount of 1BTC
Repay: 2% weekly
Repay Date: 4 weeks
Send to: 1H2btwW2mPwt44xjVQhwZPmzNARxrLgncf
Collateral: 11,100 VNL - vanilla coins

collateral coins to be held by sebastianju once he has confirmed currently to be sent to quickseller

I received a PM from the OP to check out his loan thread. I can cover this loan, however I would need to have the VNL held on polinex because I am not interested in downloading a VNL client.

I would accept 2% interest per week, payable in advance for a total of 4 weeks.

In the event that the value of the collateral falls below 103% of the principle then I would have the right (but not obligation) to sell the collateral at the best available price, as quickly as possible (this terms overrides the following term). In the event that the value of the collateral falls below 105% of the principle then you would need to provide additional collateral to make the total collateral at least 110% of the principle amount, otherwise I would have the right (but not obligation) to sell the collateral at the best available price, as quickly as possible.

In the event that you wish to sell (either all or a portion) of the collateral then let me know and I will place a sell order for the collateral as soon as I can get to my computer.

In the event that the due date plus 2 days passes and I do not hear from you then the collateral in it's entirety will become my property regardless of it's value.

In the event that I am not able to sell the collateral for an amount enough to cover the principle plus interest then you would owe me the difference.

LMK

like i said if the value drops it my job to provide more collateral or my collateral is sold.

im not trying to convince anyone but this is what i see looking charts even if it falls it wont drop below 8k heavily, so to cover the loan i would just need to pay an extra 1500 coins to cover the loan at 8000 sats.

Yeah, you are right, Ive just noticed the buy book. But my second concern is still valid. After 4 weeks , VNL can lose its value more than 20 % (ofc like most of other altcoins) I think youre not dumping your VNL coins , in fact you believe its value but still 0.9 is huge amount of loan and I have doubts for VNL to cover the colleteral.

Anyway, good luck with your loan. Hopefully, you can find someone who have positive thougths about the future of VNL and get your loan.

i could dump now to get more than my loan that is required

the rule where if the collateral falls below value of the loan applies whereby i have to provide enough collateral to cover loan.

Although your collateral is currently higher than your loan, it has low volume and some volatility at past. It seems -no offence-  you have intention to dump your VNL coins by getting loan.

Maybe if you can offer more liquid altcoin, you will have more chance to get your loan.

Requesting loan in amount of 0.9BTC
Repay: 2% weekly
Repay Date: 4 weeks
Send to: 1H2btwW2mPwt44xjVQhwZPmzNARxrLgncf
Collateral: 10,000 VNL - vanilla coins