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Title: [LOAN REQUEST] Need $*** USD in BTC - 1% Daily Interest [CLOSED] Post by: foggyb on January 18, 2012, 11:57:44 PM Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be:
- 5-8 days loan of $700 in BTC (regardless of exchange rate) - I am insuring myself against price increase by locking in the USD exchange - Loan re-payment will be in BTC, but locked to USD rate at time of loan. - The interest rate I will pay is 1% (of BTC principal) non-compounded per day. - i need flexibility to repay the loan at any time within the range stated. If you are able to meet my terms, please PM me. Thanks. foggyb Title: Re: [LOAN REQUEST] Need $700 USD in BTC Post by: farfiman on January 19, 2012, 08:12:09 AM Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be: - 5-8 days loan of $700 in BTC (regardless of exchange rate) - The interest rate I will pay is 0.8% per day. - i need flexibility to repay the loan at any time within the range stated. If you are able to meet my terms, please PM me. Thanks. foggyb 1 person loan or multiple smaller ones ok? Title: Re: [LOAN REQUEST] Need $700 USD in BTC Post by: foggyb on January 19, 2012, 05:10:49 PM I would prefer a single lender, but I have not had any offers yet.
PM me with details, please. Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: chungenhung on January 19, 2012, 10:19:27 PM any reps?
PM me. Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: BurtW on January 19, 2012, 11:41:20 PM I think the difficulty is that this is a USD denominated loan so you may have a tough time getting someone to bite.
As I understand it if BTC prices go down you would pay me back more BTC than I gave you but if prices go up I would get back less BTC than I gave you. If I do BTC denominated loans then I always get back more BTC when repaid. Or, am I missing something here? Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: foggyb on January 20, 2012, 12:07:07 AM Yes, you're right.
I was thinking we have enough bears on this board that someone would bite. ;) I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: brendio on January 20, 2012, 01:27:36 AM Yes, you're right. I was thinking we have enough bears on this board that someone would bite. ;) I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: foggyb on January 20, 2012, 05:24:24 PM Still looking for a lender. No solid offers yet.
Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: copumpkin on January 20, 2012, 06:14:01 PM Yes, you're right. I was thinking we have enough bears on this board that someone would bite. ;) I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. LOl, option market emerging. I should start a service but it would be illegal as hell ..... You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy :) Title: Re: [LOAN REQUEST] Need $700 USD in BTC - 1% Daily Interest Post by: brendio on January 21, 2012, 03:40:35 AM Yes, you're right. I was thinking we have enough bears on this board that someone would bite. ;) I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. LOl, option market emerging. I should start a service but it would be illegal as hell ..... You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy :) I really miss bitoption. They still hve some of my coins too. >:( Title: Re: [LOAN REQUEST] Need $*** USD in BTC - 1% Daily Interest [CLOSED] Post by: foggyb on January 21, 2012, 06:41:31 PM I got my loan.
Brendio if you see this, please confirm that we have canceled our CFD arrangement. Title: Re: [LOAN REQUEST] Need $*** USD in BTC - 1% Daily Interest [CLOSED] Post by: brendio on January 22, 2012, 04:19:44 AM I got my loan. Brendio if you see this, please confirm that we have canceled our CFD arrangement. Confirmed. |