xx | Bitcointalksearch.org

byt411

hero member

Activity: 798

Merit: 1000

Quote from: ranochigo on June 17, 2014, 07:10:42 AM

Quote from: Umer on June 17, 2014, 06:07:16 AM

well everyone asks for collateral if someone have a stable coin why he dont go to exchange and exchange them and use .. it ..

And why they give someone 120% of the loan?

If the alt coin rises in values after you exchange it, you will not get the same amount of alt coins back. If you take out a loan during that period of time and the alt coin rises in values during the loan, once you repaid the loan, you can have it back. alt coins are generally unstable, in case the alt coin loses value, the 20% can cover the value lost if borrower decides to default.

When you buy a house and ask for a loan at your bank, you give them your house as collateral. Why would I sell the house if I'm going to live in it? Also, I might believe that its value will rise.

Vicecity

member

Activity: 90

Merit: 10

pm me

mnporter2001

sr. member

Activity: 602

Merit: 250

HEX: Longer pays better

NOTE

Please be aware this user has 2 (two) topics running asking for the same thing, and offering the same collateral.

I think you seriously need to do your due diligence on this one

Cheers
Mark

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Umer on June 17, 2014, 06:07:16 AM

well everyone asks for collateral if someone have a stable coin why he dont go to exchange and exchange them and use .. it ..

And why they give someone 120% of the loan?

If the alt coin rises in values after you exchange it, you will not get the same amount of alt coins back. If you take out a loan during that period of time and the alt coin rises in values during the loan, once you repaid the loan, you can have it back. alt coins are generally unstable, in case the alt coin loses value, the 20% can cover the value lost if borrower decides to default.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: Umer on June 17, 2014, 06:07:16 AM

well everyone asks for collateral if someone have a stable coin why he dont go to exchange and exchange them and use .. it ..

Do it then, we want 0% risk. This is not the gambling section.

Quote from: Umer on June 17, 2014, 06:07:16 AM

And why they give someone 120% of the loan?

Because the coin may lose value against bitcoin during the loan. If it happens why should you return the Bitcoin? You may default for profit.

Umer

member

Activity: 98

Merit: 10

well everyone asks for collateral if someone have a stable coin why he dont go to exchange and exchange them and use .. it ..

And why they give someone 120% of the loan?

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

Loan period is 2 weeks...

Very well, do you want to use escrow? Fees are on you.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

As told earlier, currently I have 450XPM and 500000 DOGE... so that will cover my loan (if you are intending to give the same) Wink

I guess it could work for 0.3 BTC

My daily interest is 0.9%, loan period? I don't do more than two weeks considering these altcoins.

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

I have Protoshares and Primecoin as collateral.... Also i have Dogecoins... Cheesy

I'll take primecoins and dogecoins if you hold enough to cover 120% of the required loan. Around 495 XPM

byt411

hero member

Activity: 798

Merit: 1000

Quote from: ?? on ??

I have Protoshares and Primecoin as collateral.... Also i have Dogecoins... Cheesy

Well, how much of each of those do you have for collateral?

Killerloop

sr. member

Activity: 294

Merit: 250

Quote from: gamerxs1998 on June 17, 2014, 01:48:44 AM

Hello all,
I am looking for someone to lend me 0.3 BTC so that I can buy mining hardware........
I will repay as soon as I start earning Bitcoins using coincatcher.com.....

My BTC Address is : 18mWSU8pSACEYin4S3F3qG511BpwsCA2ih

Hi, what do you have as collateral? Litecoins?

gamerxs1998

newbie

Activity: 4

Merit: 0

Delete this.

Topic: xx (Read 677 times)