Bitcoin Forum

I can pay out in two weeks (14) days.

We can discuss the rate.

What do you need it for? Can you provide collateral?

I will give you this loan interest free for LTC collateral.

And again no magic word in your post.. Magic word is "C O L L A T E R A L" :)

i can provide you the loan as well if you are willing to exchange altcoins as collateral ??? pm me if agree  :) good luck though

Sorry for being offline. Thanks for your replies guys, I'm quite new to this but i could still use this loan. What do you mean by collateral?


EDIT: I actually know what collateral means, I'd just like to know what a common collateral for this forum could be. Does an item of value like a phone count? Currently I don't own any altcoins with big value.

Collateral that is commonly accepted are generally well known altcoins - usually Litecoins. Anything else would really be dependant on the individual, some may be willing to let you use physical items you have shipped to a reputed escrow.

As I mentioned before, I'm new here and therefore I don't possess any well known altcoins sadly.  What precentage of the whole loan shall the collateral cover? Also in the case that I provide a collateral I won't be able to pay back in two weeks.

I believe most people want a collateral worth 120% of the loan so that if you run with the BTC they sell your collateral and make their money back

Why would someone ask for a loan if he has the money in the first place?

Collateral asked here is nothing like the collateral banks would ask for. It's not as easy to sell your house as it is to sell likecoins for instance. This is weird.

On each new loan thread i see at least one people posting
Sir,  collateral
You need collateral
No collateral,  no loan
If u had collateral someone may lend to you..
And more,  cant you leave those threads alone ?

Signature offers is the reason for 90% of these type's responses.

10% are from people who like to help and advise people, it becomes a little annoying when everyone does the same and every loaning thread is filled with it, If someone wants to lend with no collateral let it be after that lender is warned about the risks of his actions (Maybe a red warning on section name like the long term's offer one would do nicely to alarm newbies)

Is this serious? Why would someone ask for a loan if he has 120% of the value of the loan he's asking already? It would sound logical if one would have to deposit a 20 or even 30% collateral to an escrow but 120%? Really?

Yea it's serious, not everybody wants to sell there alt coins and would prefer to hold in hope that the value increases so using it as collateral makes sense. The question is why would anyone want to accept 20-30% as collateral when u could run off and the lender is out of pocket.

If you only gave collateral worth 30% to the lender, you'd be much more likely to default on the loan. Think of it from the lender's point of view. If you're lending me 1 btc and I had no reputation and gave you 0.3 btc worth of ltc for collateral, why wouldn't I just run with your money? I'd still profit 0.7 btc. The extra 20% after that is to ensure that we can sell it easily and recover what we've lost if you default.

Basically, no one has any incentive to loan you money seeing as most people are just trying to scam others on this site

Ok I get your point guys. Thanks for the clarification.

But acording to those terms, I'm afraid that I don't qualify for getting the loan. I can't really provide a collateral higher than what I'm originaly asking. This somewhat defeats the purpose of asking the loan in the first place in my opinion.

yea i know what you mean its kinda counteractive, like why ask for a loan if you could just sell your collateral for that much!? but thats the rules so sorry if you are legit and couldnt get one