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Title: Seeking $1000 USD Loan, 2% weekly up to 4 weeks. Post by: Garr255 on November 23, 2012, 08:49:02 AM -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1 Hey all, I'm looking for $1000, either in MtGox USD or Dwolla USD. I'm seeking the loan because I want to go long BTC before the reward drop. I have enough bitcoins to sell and cover the loan if btc does go down during the loan. I can prove this via a message signing or predetermined transfer. I have a good rep here and on -otc so I wouldn't think trust would be a problem, but if it is I will be more than happy to further identify myself. Cheers, Garrett -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.12 (MingW32) iEYEARECAAYFAlCvOWwACgkQfJfDGPUd0YvV1wCeP62NNu792FYFWZfuhQ+kYlxo m6oAn3+LHNrFoMVr+d5eXkdIsyNbFMQB =Gb10 -----END PGP SIGNATURE----- Title: Re: Seeking $1000 USD Loan, 1% weekly up to 4 weeks. Post by: Stephen Gornick on November 23, 2012, 09:47:16 AM I'm seeking the loan because I want to go long BTC before the reward drop. I have enough bitcoins to sell and cover the loan if btc does go down during the loan. ICBIT.se provides leverage 1:10 leverage. Obviously going 10X with a volatile currency like bitcoin is nutzoid but you can simply deposit 1 BTC and from those funds you get margin and from that buy a 1 BUZ2 contract. So if BTC/USD goes up a $1, the future might go up around $1 as well. So you get the upside in value on 2 BTC, but only had 1 BTC deposited. Again, that 1 BTC deposit has a lot more leverage, and you could actually buy multiple BUZ2 contracts with that 1 BTC (up to about 10 contracts). Additionally, BUZ2 can be obtained at about 4% below the spot market at present so with less than a month from settlement on that even if BTC/USD doesn't gain you would realize that 4% difference. Now the risks are, of course, that the exchange rate drops and if you are too far leveraged (and thus insufficient margin) you could possibly end up having your account liquidated. Another risk is that ICBIT is operated anonymously, and the track record for exchanges and other services that hold coins and are operated anonymously is not good. But I wanted to share this here in case it was of interest to you. Title: Re: Seeking $1000 USD Loan, 1% weekly up to 4 weeks. Post by: Garr255 on November 23, 2012, 07:28:36 PM Thanks Stephen, I'll be doing that as a last resort as I'm looking to minimize risk.
Title: Re: Seeking $1000 USD Loan, 2% weekly up to 4 weeks. Post by: Garr255 on November 24, 2012, 09:40:58 AM Upped offer to 2% weekly.
Title: Re: Seeking $1000 USD Loan, 2% weekly up to 4 weeks. Post by: Eisenhower34 on November 28, 2012, 10:03:16 AM If you can provide an ID and proof of residence I can lend you $1000 at 8% for 4 weeks (min 4% for early repayment).
Title: Re: Seeking $1000 USD Loan, 2% weekly up to 4 weeks. Post by: Garr255 on November 28, 2012, 07:01:14 PM If you can provide an ID and proof of residence I can lend you $1000 at 8% for 4 weeks (min 4% for early repayment). PM Sent. Title: Re: Seeking $1000 USD Loan, 2% weekly up to 4 weeks. Post by: Garr255 on December 09, 2012, 03:26:49 AM As per my prediction, btc jumped up. Too bad I wasn't persistent about securing a loan in time!
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