Bitcoin Forum

I am looking for a small loan of 75$

I have collateral in the form of 550,000 like coins

I can repay the loan in one weeks time with whatever interest is agreed by me and the lender.

If I have missed any information please ask :)

What is the collateral - can you please enlighten us on that? If its worth 120-150% of the loan value then people might be interested.

Also are you asking for a btc loan or btc loan pegged to USD value? I reckon it is the second one - which lenders dont like in general.

The collateral is 573022.90000000 Like coin. You can view the website here - https://www.likecoincurrency.com

My like coin wallet - LSAyd2ZPFK5QAWfYzwiJrxWJoZrLxZki8q

I am looking for a loan of btc, ethereum or litecoin. I am unsure as to what you mean by the type of loan, it would be whatever is best for the lender and myself and to be agreed accordingly.

Your collateral is worth less than 27$.

This project seems to be a copy-paste of a pump and dump scheme and there is no team or proper whitepaper regarding it. Not something I would accept as collateral. Again the exchange is shady AF and would not want to go there in case you default and run away.

I wont accept those coins as collateral. Good luck with your loan request.

I am unsure of the worth as of now but I paid roughly 90$ for the coins in hand.


I totally understand, thanks for your time!

You can view it's current price at Coinsmarket. And your total coins value is less than 27$ as of the current trading rates. Maybe someone deceived you.

I can take the risk for a maximum $35 loan but I don't really trust Coinsmarket just in case you will default. My advice is, just keep your coins on the wallet and let it stake.

Now for the loan, offer other collateral instead.

Lending works quite differently here. People need to come up with proper collateral in order to get a loan.
Even I am quite old here but It is hard for me to get a loan without collateral.

So it is not possible to get a loan with my collateral?

anyone?

With your collateral, no, unless someone wants to take the risk but even then, you would get way less than what youre asking. If you have any other type of collateral thats valid and worth 120% of what youre asking im sure someone will be willing to help you.

I could possibly take less of a loan if someone was willing to do so

No one willing to lend even a penny without collateral. you need to understand people can't risk even small amount. If they starting lending even very small amount to new accounts without collateral they will end up losing big amount in the end. I'm sure we won't see 99% of users again.