[REQ] Need small loan of 0.01 BTC, with LTC collateral. - page 2.

PhoneBloks

full member

Activity: 238

Merit: 100

Quote from: KWH on April 28, 2014, 11:56:52 AM

Quote from: PhoneBloks on April 28, 2014, 11:54:31 AM

Quote from: byt411 on April 28, 2014, 11:25:52 AM

Quote from: PhoneBloks on April 28, 2014, 11:24:19 AM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

You should read the "Why don't I sell my collateral" section here: https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

That is mainly about physical collateral.

But ok I dont care what you do, its just that if you exchange your ltc to btc ... will cost you nothing. Doing it your way, you have to pay interest and create topic etc ..

good luck with your business plan Wink

In a nutshell:
Alt coin collateral is given with the anticipation of the value of said alt coin rising.

Look its just my personal opinion, but I find that as a pure nonsense when someone has 0.5 ltc and wants 0.01 btc ... and ask for a loan and put 0.5 ltc as a collateral

Maybe im retarded I dont know ... but i really dont see sense in that

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: PhoneBloks on April 28, 2014, 11:54:31 AM

Quote from: byt411 on April 28, 2014, 11:25:52 AM

Quote from: PhoneBloks on April 28, 2014, 11:24:19 AM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

You should read the "Why don't I sell my collateral" section here: https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

That is mainly about physical collateral.

But ok I dont care what you do, its just that if you exchange your ltc to btc ... will cost you nothing. Doing it your way, you have to pay interest and create topic etc ..

good luck with your business plan Wink

In a nutshell:
Alt coin collateral is given with the anticipation of the value of said alt coin rising.

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: PhoneBloks on April 28, 2014, 11:54:31 AM

Quote from: byt411 on April 28, 2014, 11:25:52 AM

Quote from: PhoneBloks on April 28, 2014, 11:24:19 AM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

You should read the "Why don't I sell my collateral" section here: https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

That is mainly about physical collateral.

But ok I dont care what you do, its just that if you exchange your ltc to btc ... will cost you nothing. Doing it your way, you have to pay interest and create topic etc ..

good luck with your business plan Wink

No, it isn't. It's actually mostly about altcoin collateral - the widely preferred method. If you want to hold LTC and believe it's going to go up soon, you aren't going to want to risk losing out on a lot of money if you sell LTC while you need some extra BTC liquidity and then having to buy it back at a higher price or not buy it back at all. Quite a few people do 0% or low-interest loans when you offer significant LTC or stable alt-coin collateral.

PhoneBloks

full member

Activity: 238

Merit: 100

Quote from: byt411 on April 28, 2014, 11:25:52 AM

Quote from: PhoneBloks on April 28, 2014, 11:24:19 AM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

You should read the "Why don't I sell my collateral" section here: https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

That is mainly about physical collateral.

But ok I dont care what you do, its just that if you exchange your ltc to btc ... will cost you nothing. Doing it your way, you have to pay interest and create topic etc ..

good luck with your business plan Wink

byt411

hero member

Activity: 798

Merit: 1000

Quote from: PhoneBloks on April 28, 2014, 11:24:19 AM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

You should read the "Why don't I sell my collateral" section here: https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

PhoneBloks

full member

Activity: 238

Merit: 100

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Sorry to ask, but why you just go and open cryptsy account and sell your ltc for btc and withdraw .. this should take less time then creating your first post ..or am I missing the point ?

byt411

hero member

Activity: 798

Merit: 1000

Quote from: KWH on April 28, 2014, 11:21:42 AM

Collateral received. BTC sent.
Loan 0.0101 BTC (includes transaction fee) for maximum of 5 days @5%.
Will hold collateral of 0.5 LTC with any transaction fees included or deducted in the transfer.
LTC will be transferred prior to loan. LQodgWgZg3F7bNbNCeQQpr6PjWh47LPc3n
Repayment will be 0.0106 BTC on or before May 2.

Transaction ID: bccbdaf50308cde59f8920fd0150f41e1efb92ac138afcebf5a2a3bab8fd0565-000

Repayment address: 1FkioSd6CBxKQH9Fd3a2yMqvtxspmfsqM1

I confirm that I have received the BTC. Thank you very much.

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Collateral received. BTC sent.
Loan 0.0101 BTC (includes transaction fee) for maximum of 5 days @5%.
Will hold collateral of 0.5 LTC with any transaction fees included or deducted in the transfer.
LTC will be transferred prior to loan. LQodgWgZg3F7bNbNCeQQpr6PjWh47LPc3n
Repayment will be 0.0106 BTC on or before May 2.

Transaction ID: bccbdaf50308cde59f8920fd0150f41e1efb92ac138afcebf5a2a3bab8fd0565-000

Repayment address: 1FkioSd6CBxKQH9Fd3a2yMqvtxspmfsqM1

byt411

hero member

Activity: 798

Merit: 1000

Quote from: KWH on April 27, 2014, 03:52:09 PM

Quote from: byt411 on April 27, 2014, 03:50:39 PM

Quote from: KWH on April 27, 2014, 03:49:32 PM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Good to see proper collateral offered. I would do this if I did escrow. Good luck!

Thanks. If you want you can directly lend to me. By the way, do you need a fee for the escrow?

Fees depend on the person doing the loan. ~~I don't want the headache of being an escrow agent.~~

I'll make a rare exception in this case.
Loan 0.0101 BTC (includes transaction fee) for maximum of 5 days @5%.
Will hold collateral of 0.5 LTC with any transaction fees included or deducted in the transfer.
LTC will be transferred prior to loan. LQodgWgZg3F7bNbNCeQQpr6PjWh47LPc3n
Repayment will be 0.0106 BTC on or before May 2.
Please confirm or deny.

Confirmed. 0.5 LTC has been sent to that address, with txid of 3c6ba90ea3092f8bdc4a60817e3265914b10d49af1616c10990aa6738cacaafd.
Please send BTC asap.

byt411

hero member

Activity: 798

Merit: 1000

Haven't got time right now, but i will send the collateral later today.

PlanKton

newbie

Activity: 32

Merit: 0

Also wondering if this loan has been fulfilled, if not I'm willing to accept it.

CryptoKilla

member

Activity: 112

Merit: 10

Has this loan been filled yet?

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: DiamondCardz on April 27, 2014, 08:31:43 PM

Thank you! At last someone who is actually offering collateral which is actually usable as collateral for a loan!

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Thank you! At last someone who is actually offering collateral which is actually usable as collateral for a loan!

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: byt411 on April 27, 2014, 03:50:39 PM

Quote from: KWH on April 27, 2014, 03:49:32 PM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Good to see proper collateral offered. I would do this if I did escrow. Good luck!

Thanks. If you want you can directly lend to me. By the way, do you need a fee for the escrow?

Fees depend on the person doing the loan. ~~I don't want the headache of being an escrow agent.~~

I'll make a rare exception in this case.
Loan 0.0101 BTC (includes transaction fee) for maximum of 5 days @5%.
Will hold collateral of 0.5 LTC with any transaction fees included or deducted in the transfer.
LTC will be transferred prior to loan. LQodgWgZg3F7bNbNCeQQpr6PjWh47LPc3n
Repayment will be 0.0106 BTC on or before May 2.
Please confirm or deny.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: KWH on April 27, 2014, 03:49:32 PM

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Good to see proper collateral offered. I would do this if I did escrow. Good luck!

Thanks. If you want you can directly lend to me. By the way, do you need a fee for the escrow?

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: byt411 on April 27, 2014, 03:44:49 PM

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Good to see proper collateral offered. I would do this if I did escrow. Good luck!

byt411

hero member

Activity: 798

Merit: 1000

I need a small loan of 0.01BTC to the address 1EURoKkC27Yj4CbWfScVCKzqtmA3o5wCjN. I will repay in a maximum of five days. I can provide 0.5 LTC as collateral. Interest rate is up to you.

Topic: [REQ] Need small loan of 0.01 BTC, with LTC collateral. - page 2. (Read 1783 times)