Author

Topic: [WANTED] LOAN OF LTC (Read 550 times)

legendary
Activity: 1792
Merit: 1000
April 28, 2013, 01:18:29 PM
#1
I'm looking for this loan in order to short LTC.

I have a few option contracts with profits that kick in after $5. Here is one of them: https://bitcointalksearch.org/topic/ltc-option-agreement-2-165374

What I want to do - now that LTC is getting close to the required level - is guarantee myself some profits whatever happens.

I would like the loan to start when LTC is at $5.xx. I will sell them straight away for USD.

If the price falls I buy back the LTC at a cheaper rate, if it continues to rise I buy back what I can with the USD and make up the rest from the proceeds from one of my contracts.

I'm not sure how much LTC I'm looking for yet - that will depend on how much interest is shown and also what rate I would be looking at. It would be good to get some offers  Smiley

I've not seen any LTC loans on here, but I'm hoping someone will be willing. I would be happy to receive BTC and exchange it myself for LTC, but the loan would have to be LTC denominated.

Thanks.


Previous loans/trades here:

https://bitcointalksearch.org/topic/m.1709879
https://bitcointalksearch.org/topic/funded-30-btc-loan-request-115892
https://bitcointalksearch.org/topic/wanted-12-btc-loan-75898
https://bitcointalksearch.org/topic/wanted-another-12-btc-loan-78592
https://bitcointalksearch.org/topic/2-btc-loan-request-needed-quickly-96545
https://bitcointalksearch.org/topic/25-btc-loan-request-134712
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