would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
You can try here:
https://bitcointalksearch.org/topic/offering-btc-loans-no-collateral-701592
Topic: would someone give a loan? - page 4. (Read 3458 times)
You can try here:
https://bitcointalksearch.org/topic/offering-btc-loans-no-collateral-701592
Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a 1BTC profit on the loan (as well as the collateral).
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a 1BTC profit on the loan (as well as the collateral).
would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
So you would put 4 btc in collateral for 3 btc
What..+
I don't get it either. You send 4BTC then the lender sends you... 3?I'd like to know who the escrow would be lol.
The escrow would pretty much be getting an easy 1% or something in fees.
Is he asking for a USD pegged loan?
According to what's written, it seems that he wants a loan in the amount of $1000 denominated in BTC, in exchange for 4 BTC held in escrow as collateral, and that he wants to repay $1,010 denominated in BTC. So, everyone is confused because he wants to provide more BTC as collateral than the amount of BTC he is looking for.
This is why I joked that I'd like to know who the escrow would be, because the only way that this deal would make sense is if he is a scammer just waiting to tell us all about some 'trusted' escrow he found.
Hopefully he just typed his request incorrectly and that English isn't his native language
would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
So you would put 4 btc in collateral for 3 btc
What..+
I don't get it either. You send 4BTC then the lender sends you... 3?I'd like to know who the escrow would be lol.
The escrow would pretty much be getting an easy 1% or something in fees.
Is he asking for a USD pegged loan?
would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
So you would put 4 btc in collateral for 3 btc
What..+
I don't get it either. You send 4BTC then the lender sends you... 3?I'd like to know who the escrow would be lol.
would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
So you would put 4 btc in collateral for 3 btc
What..+
I don't get it either. You send 4BTC then the lender sends you... 3? would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
So you would put 4 btc in collateral for 3 btc
What.. 
Posh in the Lending section, not the Beginners & Help. If you provide collateral, then yup, I'm sure someone would be willing to do it
would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
just the question if someone would give me this loan
just the question if someone would give me this loan
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