what kind of collateral can be used?

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: Doamader on July 30, 2016, 04:55:27 PM

Well colateral is all things you can be able to resell or sell into a specific market, the most lender here work with altcoins as bitcointalk accounts, this were easy to sell, its getting hard to sell accounts now.

yes. selling bitcointalk account is become hard now because lots of spamming and scam attempts by these sold accounts. a newbie can easily buy a defaulter hero member for cheap and scam lots of people over there. I think all lenders should refuse to accept bitcointalk accounts as collateral.
the best thing to accept is collateral is altcoins. like ethereum. lisk, waves, litcoin

Doamader

hero member

Activity: 756

Merit: 501

Well colateral is all things you can be able to resell or sell into a specific market, the most lender here work with altcoins as bitcointalk accounts, this were easy to sell, its getting hard to sell accounts now.

condoras

legendary

Activity: 2912

Merit: 1103

This is what I do. I drink and I know things.

Quote from: knightkon on July 29, 2016, 01:28:37 PM

Quote from: josephdd1 on July 29, 2016, 08:50:23 AM

I agree about old member / trust rating system. If you are active enough and post useful things for the community, you have a good chance to get a loan.

About the alt coins as collateral. I dont think that anyone having LTC, Black, PPC or any other "stable" coin have to sell it.
Maybe they need BTC in order to get more of them and sell them after? Huh

Maybe they want them back as an asset of them?

Alt coins are good and reasonable collateral,imho...

Again, there are other forms of collateral, it all depends on the lender who will be lending the funds out. So please check in with the lenders individually if you havea specific collateral in mind. This will allow you to determine which lender to ask for a loan from.

Its true. There are other forms of collateral.

But here, i didnt see something else. Rarely and under very specific rules and instructions... Undecided

knightkon

hero member

Activity: 588

Merit: 500

Quote from: josephdd1 on July 29, 2016, 08:50:23 AM

I agree about old member / trust rating system. If you are active enough and post useful things for the community, you have a good chance to get a loan.

About the alt coins as collateral. I dont think that anyone having LTC, Black, PPC or any other "stable" coin have to sell it.
Maybe they need BTC in order to get more of them and sell them after? Huh

Maybe they want them back as an asset of them?

Alt coins are good and reasonable collateral,imho...

Again, there are other forms of collateral, it all depends on the lender who will be lending the funds out. So please check in with the lenders individually if you havea specific collateral in mind. This will allow you to determine which lender to ask for a loan from.

josephdd1

hero member

Activity: 1358

Merit: 513

I agree about old member / trust rating system. If you are active enough and post useful things for the community, you have a good chance to get a loan.

About the alt coins as collateral. I dont think that anyone having LTC, Black, PPC or any other "stable" coin have to sell it.
Maybe they need BTC in order to get more of them and sell them after? Huh

Maybe they want them back as an asset of them?

Alt coins are good and reasonable collateral,imho...

Weirdest

newbie

Activity: 48

Merit: 0

I figured the most accepted form of collateral on this forum is alt coins like LTC. But then, if I have alt coins I could easily sell them for BTC and won't need to go for a loan. And here https://bitcointalksearch.org/topic/m.6311902 it says domain names can be used as collateral, but lenders on here frown on domain name collateral. Basically, the best way to get a loan here is to be an old member and have lots of positive feedback/activity IMO.

Joel_Jantsen

legendary

Activity: 1876

Merit: 1308

Get your game girl

Quote from: knightkon on July 27, 2016, 10:48:28 AM

You may also want to check with the individual lenders, for sometimes we will take collateral not listed if we think that we can resell it quickly for 120% of the loan value in the event of default.

Basically whatever posted in the collateral thread is very accurate.The reasons why the lenders are ripped off of their loans is just because they failed to follow those rules thinking they can outsmart the borrower.That 120% is just a number,1/100 members posting here can probably afford to do that.

knightkon

hero member

Activity: 588

Merit: 500

You may also want to check with the individual lenders, for sometimes we will take collateral not listed if we think that we can resell it quickly for 120% of the loan value in the event of default.

BitcoinLoan

sr. member

Activity: 602

Merit: 250

Quote from: SinsOfWrath on June 19, 2016, 05:29:45 AM

As far as I go with the lending btc topic,
it seems to be need some collateral, but i havent read what collateral can be used to get trusted with loan.
Also some peoples not always in the same region but they need the loan.
So, what kind of collateral can be used for getting a loan and be trusted since they didnt know each other.

As was mentioned before, all rules are in this thread: https://bitcointalksearch.org/topic/m.6311902

But very important is amount of loan and your reputation, if is small enough and you have good feedbacks in your profile, it can be done without collateral.

JasonXG

hero member

Activity: 770

Merit: 500

Quote from: SinsOfWrath on June 19, 2016, 05:29:45 AM

As far as I go with the lending btc topic,
it seems to be need some collateral, but i havent read what collateral can be used to get trusted with loan.
Also some peoples not always in the same region but they need the loan.
So, what kind of collateral can be used for getting a loan and be trusted since they didnt know each other.

Basically whatever is worth something to the person loaning for example a steam account may be worth something to some people but not to others.

knightkon

hero member

Activity: 588

Merit: 500

Certain lenders will take other forms of collateral other than what is listed, however you need to ask that lender. Do not just post a thread asking for a BTC loan with what you hopes to be collateral. PM the member who gives loans and just ask if they will take what you have for collateral for the loan amount you are looking for. Most of them will ask you to post the request in their thread, as I will, but if you ask about the collateral, most will tell you no and not to bother. If you have any collateral other that what is accepted in the above thread ^^^^^^, PM me the details and I will let you know if I will accept it for collateral. Always be safe and search for the right people to trust for there are a number of people on here you can not trust.

andreld

full member

Activity: 202

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

And you should make sure to use users who are highly trusted if you hand them out the collateral, or give it to some high trusted user to hold it during the loan, or it might get stolen or scammed.

xinzark

legendary

Activity: 1120

Merit: 1001

A detailed explanation of what is considered as valid collateral and what not on bitcointalk can be found here : https://bitcointalksearch.org/topic/m.6311902

Be sure to read them carefully before requesting for a loan

SinsOfWrath

newbie

Activity: 33

Merit: 0

As far as I go with the lending btc topic,
it seems to be need some collateral, but i havent read what collateral can be used to get trusted with loan.
Also some peoples not always in the same region but they need the loan.
So, what kind of collateral can be used for getting a loan and be trusted since they didnt know each other.

Topic: what kind of collateral can be used? (Read 805 times)