Hey I am just trying to understand that when you have ETHER with you, you instead of taking a loan and paying a high amount later get the Ether converted to BTC and use to for your purpose. And once the task is done you can either keep btc or else get it converted to Ether simple by yourself.
If he were to convert it, and eth goes back up, he would be out of what couldve been gained, but giving it as collateral, would also secure it.
OP, I
may take you up on your offer, however the thing is that both btc and eth is going through correction so the price will be going up and down, so if you have collateral that is 150% of what youre asking and no offer to lend to you in the next 30min or so, I will provide an eth address for you to send eth too, and once its confirmed, I will lend you the 0.004, with the repayment date, address to send payment too. Failure to make payment on the date agreed will likely result in you getting a negative feedback and forfeit of collateral.