Offering Loans - 5%/Month | Bitcointalksearch.org

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: leen93 on December 08, 2014, 06:45:01 AM

Why are they less risky? :p
Sorry, can't pay 2.5% a year.
I'll try to find someone else

I can easily make a 13% or more with sovereign bonds that are backed up by a legal entity and an estabilished system. On the other hand the escrow that we are going to use, while trusted in this community, is not legally bound to our deal or anything and I have to trust him to enforce my rules at all times and, especially, on time.... he may be asleep for example. On the other hand if coins are on my hand I have my trading scripts in place.

If you want to disclose your activity we can discuss payment periods. I can even settle for one payment every X months or at the end of the loan but my yield has to be at least 2.5%/month, or it is just not worth the hassle short of serious amounts (10+ BTC).

leen93

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Activity: 616

Merit: 250

Quote from: Killerloop on December 08, 2014, 06:41:37 AM

Quote from: leen93 on December 08, 2014, 06:13:03 AM

Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year.

Too bad then, there are investments around that are a lot less risky than this kind of private lending (es. corporate/sovereign bonds)
My last offer is 30%/year or 2.5% month. If this is not acceptable for you then I'm sorry but you may want to look elsewhere.

Quote from: leen93 on December 08, 2014, 06:13:03 AM

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral Wink

Of course! I wrote: "Escrow: escrow is welcome if he/she is willing to comply with my rules". I understand the fear of a collateral scam and have absolutely no problem with escrow as long as the margin call rule can be enforced by him/her

Why are they less risky? :p
Sorry, can't pay 2.5% a year.
I'll try to find someone else

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: leen93 on December 08, 2014, 06:13:03 AM

Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year.

Too bad then, there are investments around that are a lot less risky than this kind of private lending (es. corporate/sovereign bonds)
My last offer is 30%/year or 2.5% month. If this is not acceptable for you then I'm sorry but you may want to look elsewhere.

Quote from: leen93 on December 08, 2014, 06:13:03 AM

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral Wink

Of course! I wrote: "Escrow: escrow is welcome if he/she is willing to comply with my rules". I understand the fear of a collateral scam and have absolutely no problem with escrow as long as the margin call rule can be enforced by him/her

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Killerloop on December 08, 2014, 06:03:53 AM

Quote from: leen93 on December 08, 2014, 05:32:12 AM

https://bitcointalksearch.org/topic/taking-long-term-loans-1268-intrest-annually-130-collateral-at-all-time-884267

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount

Hi, I feel your pain for that idiot RiverboatBTC trolling your post, moderators should really take care of him.

I can't accept 1% month though, it is too low given BTC fluctuations. We can settle for a 4% I guess.

Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year. We can discuss some other things like a free cancellation of the loan by you at any time (so just asking back the principal + 0.033% every day you lended out and the loan would be repaid within 24 hours). So in case you would need to provide a loan to someone else at a higher interest rate and need the btc for that you can get them back.

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral Wink

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: leen93 on December 08, 2014, 05:32:12 AM

https://bitcointalksearch.org/topic/taking-long-term-loans-1268-intrest-annually-130-collateral-at-all-time-884267

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount

Hi, I feel your pain for that idiot RiverboatBTC trolling your post, moderators should really take care of him.

I can't accept 1% month though, it is too low given BTC fluctuations. We can settle for a 4% I guess.

leen93

sr. member

Activity: 616

Merit: 250

https://bitcointalksearch.org/topic/taking-long-term-loans-1268-intrest-annually-130-collateral-at-all-time-884267

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount

Killerloop

sr. member

Activity: 294

Merit: 250

up!

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: niktitan132 on November 08, 2014, 09:08:06 AM

Killerloop only gives loans if you have collateral.

sinisuba

hero member

Activity: 532

Merit: 500

Quote

What is not considered collateral?
...

- Future income. You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.

...

Alright then. Thanks on this link, it's useful.

niktitan132

legendary

Activity: 1036

Merit: 1000

Quote from: sinisuba on November 08, 2014, 09:15:23 AM

Quote from: niktitan132 on November 08, 2014, 09:08:06 AM

Quote from: sinisuba on November 08, 2014, 08:58:05 AM

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.

Killerloop only gives loans if you have collateral.

I'm in this video competition that'll end in 2 days, https://bitcointalksearch.org/topic/4-btc-in-prizes-primedicecom-primedice-video-competition-832301 and will be getting at least .1 from it.

That is not a collateral.

Quote

What is not considered collateral?
...

- Future income. You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.

...

Source: https://bitcointalksearch.org/topic/m.6311902

sinisuba

hero member

Activity: 532

Merit: 500

Quote from: niktitan132 on November 08, 2014, 09:08:06 AM

Quote from: sinisuba on November 08, 2014, 08:58:05 AM

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.

Killerloop only gives loans if you have collateral.

I'm in this video competition that'll end in 2 days, https://bitcointalksearch.org/topic/4-btc-in-prizes-primedicecom-primedice-video-competition-832301 and will be getting at least .1 from it.

niktitan132

legendary

Activity: 1036

Merit: 1000

Quote from: sinisuba on November 08, 2014, 08:58:05 AM

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.

Killerloop only gives loans if you have collateral.

sinisuba

hero member

Activity: 532

Merit: 500

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: icet208 on November 07, 2014, 08:17:52 AM

do you accept paypal as collateral? (with escrow)

No sorry. Physical goods, non reversible money transfers and altcoin only.

Escrow is welcome.

icet208

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Activity: 762

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do you accept paypal as collateral? (with escrow)

Killerloop

sr. member

Activity: 294

Merit: 250

UP!

Killerloop

sr. member

Activity: 294

Merit: 250

UP! New conditions posted

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: specgamer on July 11, 2014, 01:44:33 PM

I might need a 0.1 BTC loan soon, running low on funds.
Does LiteCoin count as a valid collateral? I have 15 LTC.

Sure, LiteCoin is the best collateral!

specgamer

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Activity: 252

Merit: 250

I love bitcoins.

I might need a 0.1 BTC loan soon, running low on funds.
Does LiteCoin count as a valid collateral? I have 15 LTC.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

okhy i have a member account dont want to sell it can i give the the account as collateral?

Altcoins and anything of material value (gold, silver, jewelry) you can ship to me first is accepted.

Quote from: zolace on July 11, 2014, 04:39:39 AM

let me tell you why would anyone would get a loan when they can take there collateral and get btc and then rebuy there alt coins back, no one hardly does this but traders. Not many traders

It is fine by me as I don't want to take any risk.

Topic: Offering Loans - 5%/Month (Read 4959 times)