Bitcoin Forum

Economy => Lending => Topic started by: flyboy on October 18, 2013, 01:20:30 PM



Title: Collateral for Loans
Post by: flyboy on October 18, 2013, 01:20:30 PM
I'm interested in offering Loans, but want to get some Ideas from you long time lenders on what types of collateral are available to a lender in electronic form?

What are some things you lenders accept as collateral?

thanks,
-Flyboy


Title: Re: Collateral for Loans
Post by: nimda on October 18, 2013, 02:41:01 PM
Alt-coins, stock shares, BFL orders, domain names

In the mail, jewelry is a good one.


Title: Re: Collateral for Loans
Post by: ReBoRn on October 18, 2013, 05:06:02 PM
don't try to jump in this hell just keep these and as price rising may be you have some profit but if you want to do lending then may be very soon you burned and out of here


Title: Re: Collateral for Loans
Post by: bitcoin44me on October 19, 2013, 04:08:00 PM
The best collaterals are things easily and quickly sold for btc, like LTC or shares for example.
But you can use everything (even real items if you are ready to ship them during the loan).


Title: Re: Collateral for Loans
Post by: Magazine on October 19, 2013, 04:13:27 PM
Pretty much what everyone said,

Litecoin / Alts.

Shares

Domains

iPhones / iPads [Cheap to ship items]


Title: Re: Collateral for Loans
Post by: xypos on October 19, 2013, 04:45:24 PM
But if you have a collateral, usually you don't need a loan before you can sell it ...
And you don't have to pay fees (for loan).


Title: Re: Collateral for Loans
Post by: cyclops on October 19, 2013, 04:52:16 PM
But if you have a collateral, usually you don't need a loan before you can sell it ...
And you don't have to pay fees (for loan).

What if you are holding for example LTC? And you don't want to sell at current rates.


Title: Re: Collateral for Loans
Post by: Magazine on October 19, 2013, 04:53:31 PM
You could say that for the thousands of Pawn Shops around the world, why don't people just sell their items instead of putting it in pawn. Some people just need quick cash but want to keep their shares / alts for the time being.