Topic: Want borrow 0.35 btc [Have colleteral] (Read 1535 times)
will do this loan for 45 LTC
I'll do this loan if you gie your account as collateral + 14 LTC.
I'll repay it after 1 month 0.4 btc.
I have 35 LTC colleteral.
I can lend you .28 provided that you agree to wear the signature of my choice as well as the BTC address of my choice for the duration of the loan. I will charge 15% interest (.322 will be due in one month). I agree to not sell your collateral as long as you keep the signature and BTC address of my choice, in the event that you change your signature or BTC address, the collateral will be sold, .322 will be sent to me from escrow, and the rest will be sent to you (or if the collateral is worth less then .322, the difference will be due me immediately). I can cover any escrow fees for this loan. I have 35 LTC colleteral.
If you are interested you can quote me and post in my thread. https://bitcointalksearch.org/topic/quickseller-short-term-loans-100btc-collateral-812533
Your 35 LTC is only worth around .35 BTC but you are asking for .4 BTC. At the very minimum you are asking for a .35 collateral loan and a .05 non-collateral loan, however most lenders will ask for at least 120% collateral so you are really asking for a ~.29 collateral loan and a .11 non-collateral loan.
I would suggest that you either lower your amount requested or increase your collateral, especially considering that you are asking that the collateral not be sold in the event of a price decline.
I would suggest that you either lower your amount requested or increase your collateral, especially considering that you are asking that the collateral not be sold in the event of a price decline.
I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending.
The borrower doesn't set the terms, the loaner sets the terms.
Read up, that's what I said and he didn't want to listen.
I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending.
The borrower doesn't set the terms, the loaner sets the terms.
I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
I can do this loan for 40 LTC.
Do 45 LTC and I will give this loan.
I'll repay it after 1 month 0.4 btc.
I have 35 LTC colleteral.
I have 35 LTC colleteral.
You seem a bit fishy to me. I will be keeping an eye on you.
Hahaha thank you
I'll repay it after 1 month 0.4 btc.
I have 35 LTC colleteral.
I have 35 LTC colleteral.
You seem a bit fishy to me. I will be keeping an eye on you.
Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back.So, you shouldn't worry about that.
I bought these litecoins when this price $10 so i don't want to exchange it now.
Hence why people ask for 115% - 125% collateral.
"I'll pay it back." For all I know, that is an empty promise.
Thanks!
Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back.So, you shouldn't worry about that.
I bought these litecoins when this price $10 so i don't want to exchange it now.
Hence why people ask for 115% - 125% collateral.
"I'll pay it back." For all I know, that is an empty promise.
Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back.So, you shouldn't worry about that.
I bought these litecoins when this price $10 so i don't want to exchange it now.
Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ?Edit: PM Sent.
I won't (unless the value drops below 105% worth of the loan), that is the point of collateral.
No, i mean never exchange it when i pay you back.
Anyway, i don't want to your btc.
Thanks
I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ?Edit: PM Sent.
I won't (unless the value drops below 105% worth of the loan), that is the point of collateral.
I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ? Edit: PM Sent.
I can do this. Let me write up a contract.
Edit: PM Sent.
Edit: PM Sent.
I'll repay it after 1 month 0.4 btc.
I have 35 LTC colleteral.
I have 35 LTC colleteral.
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