[LOAN REQUEST] Need $*** USD in BTC - 1% Daily Interest [CLOSED]

brendio

hero member

Activity: 518

Merit: 500

Quote from: foggyb on January 21, 2012, 02:41:31 PM

I got my loan.

Brendio if you see this, please confirm that we have canceled our CFD arrangement.

Confirmed.

foggyb

legendary

Activity: 1652

Merit: 1006

I got my loan.

Brendio if you see this, please confirm that we have canceled our CFD arrangement.

brendio

hero member

Activity: 518

Merit: 500

Quote from: copumpkin on January 20, 2012, 02:14:01 PM

Quote from: ?? on ??

Quote from: brendio on January 19, 2012, 09:27:36 PM

Quote from: foggyb on January 19, 2012, 08:07:07 PM

Yes, you're right.

I was thinking we have enough bears on this board that someone would bite. Wink

I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too.

If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher.

Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC.

(My call option offer is open so long as the Gox price stays below $6.38.)

This all assumes you have some BTC available to pay the premiums.

LOl, option market emerging. I should start a service but it would be illegal as hell .....

You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy

I really miss bitoption. They still hve some of my coins too. Angry

copumpkin

donator

Activity: 266

Merit: 252

I'm actually a pineapple

Quote from: ?? on ??

Quote from: brendio on January 19, 2012, 09:27:36 PM

Quote from: foggyb on January 19, 2012, 08:07:07 PM

Yes, you're right.

I was thinking we have enough bears on this board that someone would bite. Wink

I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too.

If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher.

Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC.

(My call option offer is open so long as the Gox price stays below $6.38.)

This all assumes you have some BTC available to pay the premiums.

LOl, option market emerging. I should start a service but it would be illegal as hell .....

You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy

foggyb

legendary

Activity: 1652

Merit: 1006

Still looking for a lender. No solid offers yet.

brendio

hero member

Activity: 518

Merit: 500

Quote from: foggyb on January 19, 2012, 08:07:07 PM

Yes, you're right.

I was thinking we have enough bears on this board that someone would bite. Wink

I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too.

If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher.

Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC.

(My call option offer is open so long as the Gox price stays below $6.38.)

This all assumes you have some BTC available to pay the premiums.

foggyb

legendary

Activity: 1652

Merit: 1006

Yes, you're right.

I was thinking we have enough bears on this board that someone would bite. Wink

I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too.

BurtW

legendary

Activity: 2646

Merit: 1131

All paid signature campaigns should be banned.

I think the difficulty is that this is a USD denominated loan so you may have a tough time getting someone to bite.

As I understand it if BTC prices go down you would pay me back more BTC than I gave you but if prices go up I would get back less BTC than I gave you. If I do BTC denominated loans then I always get back more BTC when repaid.

Or, am I missing something here?

chungenhung

legendary

Activity: 1134

Merit: 1005

any reps?
PM me.

foggyb

legendary

Activity: 1652

Merit: 1006

I would prefer a single lender, but I have not had any offers yet.

PM me with details, please.

farfiman

legendary

Activity: 1449

Merit: 1001

Quote from: foggyb on January 18, 2012, 07:57:44 PM

Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be:

- 5-8 days loan of $700 in BTC (regardless of exchange rate)
- The interest rate I will pay is 0.8% per day.
- i need flexibility to repay the loan at any time within the range stated.

If you are able to meet my terms, please PM me.

Thanks.

foggyb

1 person loan or multiple smaller ones ok?

foggyb

legendary

Activity: 1652

Merit: 1006

Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be:

- 5-8 days loan of $700 in BTC (regardless of exchange rate)
- I am insuring myself against price increase by locking in the USD exchange
- Loan re-payment will be in BTC, but locked to USD rate at time of loan.
- The interest rate I will pay is 1% (of BTC principal) non-compounded per day.
- i need flexibility to repay the loan at any time within the range stated.

If you are able to meet my terms, please PM me.

Thanks.

foggyb

Topic: [LOAN REQUEST] Need $*** USD in BTC - 1% Daily Interest [CLOSED] (Read 1406 times)