Topic: Requesting 2,000 BTC line of credit - page 2. (Read 2398 times)
Working capital for what exactly?
I dont know If you have already shopped around the forums yet to get an idea of what the average rate of interest is, but I can tell you right away there is no way in hell you will get 10% per year, especially when a person could simply deposit 2000 BTC with Patrick (one of the most trusted bitcoin loan and deposit services) and get 1% per week..,(67.77% per anum) and no he doesn't run a ponzi scheme. Check it yourself he is pretty transparent with how he does business. E.g gives loan at 2% and gives 1% to depositor so he keeps the 1%...I suggest doing your homework before you make yourself look like a fool. If youre looking for a USD loan the bank might be willing to give you 10% per anum. But on BCT you won't find that... My deepest apologies if you accidentally did a typo and meant 10% per month, in which case I might be willing to entertain your request provided I recieve adequate verification of identity, address etc... I'll only do the line of credit if you live in Canada, USA or Mexico.
EDIT: If you can collateralize the debt with gold, silver or any highly liquid asset that I retain possession of for the duration of the loan I may be willing to accept your offer, although this is delving into the territory of USD loans....
EDIT: If you can collateralize the debt with gold, silver or any highly liquid asset that I retain possession of for the duration of the loan I may be willing to accept your offer, although this is delving into the territory of USD loans....
Willing to pay 10% annual interest on the drawn down portion. Term of 1 year, with draws to be available within 24 hours of request.
Can collateralize the LOC against certain real property if desired by lender.
The line of credit would be used for working capital, as well as arbitrage.
Can collateralize the LOC against certain real property if desired by lender.
The line of credit would be used for working capital, as well as arbitrage.
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