Bitcoin Forum

Economy => Lending => Topic started by: gusti on October 24, 2013, 09:09:30 PM



Title: LTC payment on difference agreement
Post by: gusti on October 24, 2013, 09:09:30 PM
Agreement between gusti and Otoh.

This agreement is for gusti to pay Otoh the difference over strike
price of $2 / LTC trading price for an amount of 1000 LTC, at any
given time choosen by Otoh before April 24th, 2014.

Price is based on btc-e exchange USD/LTC rates, and can be executed
at any chosen time before expiry, for the price at the time of
request, to be verified by time stamped post in this same thread after
a maximum of 48hs of choosen price.

Payment will be made by gusti to Otoh in equivalent BTC for the USD
amount, with price at time of call based on BTC/USD from Bitstamp, to
be verified by time stamped post in this same thread.

e.g. if price at chosen time is $3 / LTC, gusti will pay to Otoh the
amount of $1000 equivalent in BTC.

If strike price is not reached before this agreement expiration date,
no payment will be made from each party to the other.

In return, Otoh is paying now to gusti a one-time, non-refundable
premium of 250 LTC to address :
LNfmTyj5G9FEP1sxQFEDWxXCcihs3NZTTR


Title: Re: LTC payment on difference agreement
Post by: Otoh on October 24, 2013, 09:14:47 PM
Agreement between gusti and Otoh.

This agreement is for gusti to pay Otoh the difference over strike
price of $2 / LTC trading price for an amount of 1000 LTC, at any
given time choosen by Otoh before April 24th, 2014.

Price is based on btc-e exchange USD/LTC rates, and can be executed
at any chosen time before expiry, for the price at the time of
request, to be verified by time stamped post in this same thread after
a maximum of 48hs of choosen price.

Payment will be made by gusti to Otoh in equivalent BTC for the USD
amount, with price at time of call based on BTC/USD from Bitstamp, to
be verified by time stamped post in this same thread.

e.g. if price at chosen time is $3 / LTC, gusti will pay to Otoh the
amount of $1000 equivalent in BTC.

If strike price is not reached before this agreement expiration date,
no payment will be made from each party to the other.

In return, Otoh is paying now to gusti a one-time, non-refundable
premium of 250 LTC to address :
LNfmTyj5G9FEP1sxQFEDWxXCcihs3NZTTR


Accepted, many thanks, sending 250 LTC to LNfmTyj5G9FEP1sxQFEDWxXCcihs3NZTTR now.

Transaction ID: d2d36bf7b20009ec673638350117157cfd743cd1be579475116c167fce545795

http://block-explorer.com/tx/d2d36bf7b20009ec673638350117157cfd743cd1be579475116c167fce545795


Title: Re: LTC payment on difference agreement
Post by: gusti on October 24, 2013, 09:23:27 PM
Received, thanks, agreement is current.


Title: Re: LTC payment on difference agreement
Post by: Otoh on November 10, 2013, 09:54:43 PM
Hiya gusti,

I'd like to cash in this whole contract at $4.34, with the BTC payment address of: 1DSGwmqU4GLaDu9sJBFKwNnW9GVv26oTqD

Many thanks, the other options contracts to continue running.

All the best,

Otoh


Title: Re: LTC payment on difference agreement
Post by: gusti on November 10, 2013, 10:08:35 PM
7.8260 btc sent
https://blockchain.info/address/1DSGwmqU4GLaDu9sJBFKwNnW9GVv26oTqD


Title: Re: LTC payment on difference agreement
Post by: Otoh on November 10, 2013, 10:30:45 PM
Many thanks, much appreciated.