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Title: Question about this collateral Post by: FanEagle on March 25, 2014, 08:21:27 PM Ok, I'm just wondering, since nobody wants to tell me how much they can worth, If I have 500K Failcoins, how much could be the corrispective in btc?
Let's say I'm asking you now for a loan, how much would you like to give me to being able to be covered by the collateral? If the collateral I'm offering is useless just tell me :) Edit: Atm I'm not searching for an actual loan, just need to know if I can use what I earned for the job Title: Re: Question about this collateral Post by: smooth on March 25, 2014, 08:47:39 PM I would not accept that coin as collateral
Title: Re: Question about this collateral Post by: GBattaglia on March 25, 2014, 08:49:16 PM Collateral is worthless in this scenario:
https://c-cex.com/index.html?p=fail-btc Here you can see that there is literally no demand. Over BTC5 is trying to be sold at the rock-bottom of 1 Satoshi, and there is not a single buy order up. If evaluating a loan, you'd be better off looking into a lender willing to make it without collateral. Title: Re: Question about this collateral Post by: FanEagle on March 25, 2014, 09:02:05 PM Ok, just to know what big mistake I did mining them. ::)
Title: Re: Question about this collateral Post by: smooth on March 25, 2014, 09:08:17 PM Ok, just to know what big mistake I did mining them. ::) It wasn't necessarily a mistake except in hindsight. You took a risk and it hasn't paid off. That's how risks work. |