Bitcoin Forum

Hi everyone,

I just wanted to let you all know I have a loan open on BTC Jam that I need to close quickly. Here's the listing: https://btcjam.com/listings/648

This is a short-term loan (7 days) that pays 1% interest. So that's 52% anual interest. Not bad at all!

I am closing a big sale of 290 bitcoins in bitcoinary.com, but Dwolla is taking too long to fund my account. They normally fund in 2-3 days but due to the Thanksgiving holiday they are funding in 1 week. I don't want to miss out on this deal.

Here's my trade on bitcoinary that I am going to close this week:
https://www.bitcoinary.com/en/trades/2410

Here's a screenshot of my Dwolla account, showing that I have a deposit on the way that won't clear until the 27th of November: https://docs.google.com/open?id=0B-4p5gLMMw3tR2cwa3MxenF2WlU

So I am asking for a short term loan for 7 days so I can close this sale with the interested party and as soon as my Dwolla deposit clears I will buy the bitcoins on Mt. Gox and then pay back the loan.

Feel free to ask me any additional questions.

How sure are you that this buyer is going to follow through?

I've already done 2 trades with him and he always came through. And there is no risk to me (and therefore no risk to someone who lends to me) because the buyer deposits to my account before I give him the bitcoins.

Thanks for considering my loan and feel free to ask any other questions you might have.

If the price of bitcoins on November 27^th is so high that your newly-cleared deposit is not enough to buy all the bitcoins you need to pay off this loan, what will you do?

I'll take a loss on the deal and pay off the lenders anyway. I'm making a pretty good profit on the sale, so even if the bitcoin price moves on me a little bit, I'm still going to be ok.