its not worthless, but it definitely isn't worth 7 Bitcoins.
Anything that
1) cannot be sold spot on the same day of the default
2) doesn't hold his value properly (i.e. website)
3) it is hard to sell, it is illiquid.
it is worthless as collateral.
Topic: [LOAN REQUEST] Need 7.5-15 BTC (8% Interests Paid Monthly for 4 Months) (Read 1200 times)
July 11, 2014, 01:32:22 AM
Anything that
1) cannot be sold spot on the same day of the default
2) doesn't hold his value properly (i.e. website)
3) it is hard to sell, it is illiquid.
it is worthless as collateral.
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July 10, 2014, 05:43:13 PM
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
Worthless, altcoins are required
How is that worthless
His whole website/domain etc could be worth more than the loan it self.
its not worthless, but it definitely isn't worth 7 Bitcoins.
If he built a fully functioning betting website (that didnt have any visitors),
it would be worth about 1-3 BTC, in my estimation, depending on the functionality.
But that would be to the right buyer, it is still not that easily liquidated,
so its not that great of colleteral.
July 09, 2014, 07:25:13 PM
Collateral
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
That is not collateral. What happens if you have the 15btc and walk away? The lender has nothing. Same thing if you actually build the site and it fails.
July 09, 2014, 07:23:15 PM
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
Worthless, altcoins are required
How is that worthless
His whole website/domain etc could be worth more than the loan it self. As well as the fact this loan is going towards his website so it's most likely going to the the same value if not even more when you sell
A unique collateral sure but it's a good one.
Altcoins are not the only collateral, and I see <5% of the loans actually use altcoins as collateral because they can just get their BTC by exchanging.
It is worthless. Collateral is something that has a value equal to or more than the value of the loan, that can be sold quickly and easily for said value.
Where can you sell such a site? There's no "market price" for it, and how much it's worth differs from person to person.
July 09, 2014, 03:40:37 PM
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
Worthless, altcoins are required
July 09, 2014, 03:20:09 PM
We're seeking a short-term loan from a single investor (not multiple investors) for 7.5-15 BTC. Ideally we would like the duration of this loan to be 90-120 days . We're currently offering 8% interest per month.
(So for example after first 30 days we will pay 8%. Then on day 60 we'll pay another 8%. Then on day 90 we'll pay another 8% and then on day 120 we'll pay the last 8% in interest plus the full amount of the loan)
Who We Are
We launched our site BitcoinSportsTrade.com towards the end of the last NBA season and had good success as well as a decent amount of press coverage and news stories on our site which you can research.
We are currently taking this time during the MLB season to upgrade and add in the NFL/NCAA football modules as we anticipate a lot of traffic once those start.
We are not a sportsbook/casino as we do not take bets we simply take a commission on matched bets. Our site functions like a regular bitcoin exchange with a sports theme.
What the Loan is For
We'll be using this investment to add multiple wagering contest and increase the user interaction modules. We already have our advertising budget in place so we would like to use this loan to increase the overall value of our site.
Collateral
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
**BONUS**
As a bonus if you are able to lend and meet our terms for the max loan amount of 15 BTC we would immediately be willing to give you one of our other sites/brands. (to be disclosed via PM only for serious inquiries) This would be an additional bonus to the already stated collateral terms above.
If you have any questions please feel free to PM. Would be willing to discuss terms over the phone and work on drawing up a contract, ect.
***Serious Inquiries Only Please ***
(So for example after first 30 days we will pay 8%. Then on day 60 we'll pay another 8%. Then on day 90 we'll pay another 8% and then on day 120 we'll pay the last 8% in interest plus the full amount of the loan)
Who We Are
We launched our site BitcoinSportsTrade.com towards the end of the last NBA season and had good success as well as a decent amount of press coverage and news stories on our site which you can research.
We are currently taking this time during the MLB season to upgrade and add in the NFL/NCAA football modules as we anticipate a lot of traffic once those start.
We are not a sportsbook/casino as we do not take bets we simply take a commission on matched bets. Our site functions like a regular bitcoin exchange with a sports theme.
What the Loan is For
We'll be using this investment to add multiple wagering contest and increase the user interaction modules. We already have our advertising budget in place so we would like to use this loan to increase the overall value of our site.
Collateral
We are willing to use our site as collateral to insure no interest payments or the loan payment is missed. Meaning, if we default you will have control of our domain/brand/server/customer list/advertising accounts/marketing material/modules, ect.
**BONUS**
As a bonus if you are able to lend and meet our terms for the max loan amount of 15 BTC we would immediately be willing to give you one of our other sites/brands. (to be disclosed via PM only for serious inquiries) This would be an additional bonus to the already stated collateral terms above.
If you have any questions please feel free to PM. Would be willing to discuss terms over the phone and work on drawing up a contract, ect.
***Serious Inquiries Only Please ***
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