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Title: Collateral Post by: BTCLender on July 10, 2015, 10:40:21 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral?
Title: Re: Collateral Post by: rapsaodan84 on July 10, 2015, 10:44:09 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Bitcoin? it really depends on what currency you have, what are your options? Title: Re: Collateral Post by: BTCLender on July 10, 2015, 10:48:02 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Bitcoin? it really depends on what currency you have, what are your options? I need to loan Bitcoins because I will need them in the future, not now. So since I have some bitcoins right now, I want to change it into the currency that I can use as a collateral. Title: Re: Collateral Post by: jeffthebaker on July 10, 2015, 10:50:40 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Bitcoin? it really depends on what currency you have, what are your options? I need to loan Bitcoins because I will need them in the future, not now. So since I have some bitcoins right now, I want to change it into the currency that I can use as a collateral. Altcoins are a common collateral on this forum. Pretty much any altcoins will do. I suppose local currencies would be atequette collateral, but if the person you are lending has fiat they should just purchase the Bitcoins themself. Title: Re: Collateral Post by: BTCLender on July 10, 2015, 10:54:26 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Bitcoin? it really depends on what currency you have, what are your options? I need to loan Bitcoins because I will need them in the future, not now. So since I have some bitcoins right now, I want to change it into the currency that I can use as a collateral. Altcoins are a common collateral on this forum. Pretty much any altcoins will do. I suppose local currencies would be atequette collateral, but if the person you are lending has fiat they should just purchase the Bitcoins themself. 1. How can I get altcoins and altcoin wallet? 2. What is a fiat? Title: Re: Collateral Post by: Omikifuse on July 10, 2015, 11:35:38 PM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Bitcoin? it really depends on what currency you have, what are your options? I need to loan Bitcoins because I will need them in the future, not now. So since I have some bitcoins right now, I want to change it into the currency that I can use as a collateral. Altcoins are a common collateral on this forum. Pretty much any altcoins will do. I suppose local currencies would be atequette collateral, but if the person you are lending has fiat they should just purchase the Bitcoins themself. He said he would like to lend money outside the forum. Since cryptocurrencies are unknown to people outside the forum, I think the only valid collateral would be physical collateral, like electronics, jewelry or artwork, but there is always a risk that the other part call the police and say that you stole the stuff from him, and get back the collateral he gives Title: Re: Collateral Post by: lottery248 on July 11, 2015, 12:40:29 AM Altcoins are a common collateral on this forum. Pretty much any altcoins will do. I suppose local currencies would be atequette collateral, but if the person you are lending has fiat they should just purchase the Bitcoins themself. altcoins can be laundered out easily, i guess lenders can scam this way. actual loan doesn't require collateral or 100%(no more, no less) value of collateral. Title: Re: Collateral Post by: BTCLender on July 11, 2015, 12:47:41 AM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? Any place where I can get Altcoins with Bitcoins? Title: Re: Collateral Post by: lottery248 on July 11, 2015, 12:58:45 AM www.poloniex.com (http://www.poloniex.com) (one of them)
i trade with bitcoins there, numbers of alt coins avaliable. Title: Re: Collateral Post by: kuroman on July 11, 2015, 01:26:50 AM I am trying to loan from someone that I know outside of bitcointalk.org. What is the best currency I can use as a collateral? You'll need to elaborate some more, maybe if you could tell us what currency you are getting and what do you have your self maybe it would help Title: Re: Collateral Post by: BTCLender on July 12, 2015, 04:24:49 AM www.poloniex.com (http://www.poloniex.com) (one of them) i trade with bitcoins there, numbers of alt coins avaliable. Thank you, I will use that website. By any chance do you know if I need a wallet for altcoins? If I do, could you link it for me if you know? Thanks! Title: Re: Collateral Post by: BTCLender on July 12, 2015, 04:31:33 AM www.poloniex.com (http://www.poloniex.com) (one of them) i trade with bitcoins there, numbers of alt coins avaliable. Thank you, I will use that website. By any chance do you know if I need a wallet for altcoins? If I do, could you link it for me if you know? Thanks! Thank you everyone for your help. I thought altcoin was a name of a currency, but like its name, it's alt coins, coins used as alts. That cleared things up. Thank you everyone for everything! :D |