Need 0.045 btc loan. | Bitcointalksearch.org

badykvik

sr. member

Activity: 895

Merit: 250

Quote from: Csmiami on June 24, 2019, 12:58:29 PM

Thanks for the update on PM about your collateral I guess.

I have been checking, and you want to use those tokens. Let's do the math:

AXU/XLM currently at 0.0089979

XLM/BTC currently at 0.0000116

So 150,000 * 0.0089979 * 0.0000116 =0.015656346BTC

0.015656346BTC is very far away from the 120% value most lendors ask in this board (0.45*1.2=0.54BTC) So I don't think this is valid collateral

I wish to hold axu until the price got appreciated.
I also agreed that it is not up to 120% required by the lender though i was too depressed to consider that.
Thank you for the update, i will lock the thread,

Csmiami

copper member

Activity: 1582

Merit: 1319

I'm sometimes known as "miniadmin"

Thanks for the update on PM about your collateral I guess.

I have been checking, and you want to use those tokens. Let's do the math:

AXU/XLM currently at 0.0089979

XLM/BTC currently at 0.0000116

So 150,000 * 0.0089979 * 0.0000116 =0.015656346BTC

0.015656346BTC is very far away from the 120% value most lendors ask in this board (0.45*1.2=0.54BTC) So I don't think this is valid collateral

badykvik

sr. member

Activity: 895

Merit: 250

Quote from: Csmiami on June 24, 2019, 11:18:50 AM

Sr. Member with no earned trust (hmmm)
Sr. Member with no trust and no collateral (hmmmmmm)
Sr. Member whose only (untrusted) feedback is saying his account is hacked (hmmmmmmmmmmmmmm)

Too many hmmmms for anyone to be comfortable lending

I say a big thank you to all the contributors, I was thinking the lender will tell me what he/she required for collateral.
@Csmiami, nothing like hmmmmmmm, no green feedback, no earned trust, collateral. You should take your time to check the profile of the user that dropped the feed back.

Thread updated.

Thank you.

Csmiami

copper member

Activity: 1582

Merit: 1319

I'm sometimes known as "miniadmin"

Sr. Member with no earned trust (hmmm)
Sr. Member with no trust and no collateral (hmmmmmm)
Sr. Member whose only (untrusted) feedback is saying his account is hacked (hmmmmmmmmmmmmmm)

Too many hmmmms for anyone to be comfortable lending

condoras

legendary

Activity: 2912

Merit: 1103

This is what I do. I drink and I know things.

Quote from: badykvik on June 24, 2019, 10:52:29 AM

Collateral - This can be discussed as wish by the lender.

All the lenders wish to know from the start how their funds will be safe/guarantee.
So, what's your Collateral?

actmyname

copper member

Activity: 2562

Merit: 2504

Spear the bees

What kind of collateral do you have? Publicly stating the type thereof shouldn't be a problem.

Any relatively-high volume altcoin should do the trick or another easily liquidatable piece of collateral.

badykvik

sr. member

Activity: 895

Merit: 250

Loan amount - 0.045 btc
Loan durations - 6 weeks, repayment terms on weekly basis.
Reason for the loan - To complete a project website which is paused due to lack of funds.
Collateral - 150,000 axu token
More information about axu token - argentas.io/economics.php, exchange link - https://stellarport.io/exchange/alphanum4/AXU/GD2CLUZYNIGC4RG3ORRBXXMC4HH55U66PK6JNH2R54N52LO6ZUWBUQTO/native/XLM/Stellar
Interest accrue - 20%. Funds payment shall be splitted into 6 weeks.
Please contact me if you can be of help.
Thank you.

Topic: Need 0.045 btc loan. (Read 188 times)