Bitcoin Forum

Economy => Lending => Topic started by: Honeypot on August 22, 2014, 07:50:11 AM



Title: [Closed] Requesting a medium loan for 30 days, 10-20%
Post by: Honeypot on August 22, 2014, 07:50:11 AM
Amount: 3-5 btc (negotiable)

Duration: 30 days (can be paid back earlier depending on negotiations)

Repayment amount: Principle + 10% interest (3.3-5.5 btc) again, negotiable up to 20%.

Loan purpose: I am deeply involved in btc trades and also in the altcoin scene. My previous transactions in the trust category can speak for themselves. At the moment I am building up capital for a significant investment into a proven technology and trading projects that should take off soon. Feel free to ask me any question about my past trades and purposes for this loan.

I can provide a collateral in different coins to cover most of the loan at the current market price, if that would ease your concerns due to this request being a relatively large amount. Escrow will be the one we both agree on that can be trusted to hold the collateral.

Edit: Also, you can say my collateral is my reputation not only on btc talk forum trading reputation, but also my crypto reputation in general (irc, twitter, other forums etc) since people i work with know my forum handle. I would like to state this just to make clear what I am proposing.

Thank you for taking time to read this request - I have posted in several threads seeking a loan for similar conditions. Anyone who comes first will have priority in terms of negotiations.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: marcotheminer on August 22, 2014, 07:55:32 AM
Will you accept anything lower than 0.5btc?


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on August 22, 2014, 08:00:41 AM
Will you accept anything lower than 0.5btc?

pm sent, might be confusing threads.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: marcotheminer on August 22, 2014, 08:02:18 AM
Will you accept anything lower than 0.5btc?

pm sent, might be confusing threads.

Yep, lets talk in my thread!


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on August 22, 2014, 08:13:37 AM
Still open, taking offers. Amount of coins offered up can easily cover over 3 btc in current market value, with plenty of room to grow.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: haploid23 on August 22, 2014, 08:16:07 AM
Amount: 3-5 btc (negotiable)

Just so you know, requesting an amount this size will be extremely hard to get. Generally loans here are short term micro loans. Other than the larger loans that I give out, there has only been one other instance of a successful loan over 1btc size. What you're requesting is multiple times this amount.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on August 22, 2014, 08:19:00 AM
Amount: 3-5 btc (negotiable)

Just so you know, requesting an amount this size will be extremely hard to get. Generally loans here are short term micro loans. Other than the larger loans that I give out, there has only been one other instance of a successful loan over 1btc size. What you're requesting is multiple times this amount.

Hm yes I understand your concern. If you check my trading and trust history, I completed a loan for 1.85 btc with corresponding collateral within a similar duration period some time ago, with periodic partial payments made appropriately.

I fully understand such concerns, so aside from escrow and other means, you are welcome to suggest any other means to help complete this loan.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: haploid23 on August 22, 2014, 08:55:31 AM
Sorry let me clarify. During the past few short months that I've been here, there was only one instance of a loan over 1btc besides a few of my loans. I'm sure in the past before I was active in this section, there were a lot more, your 1.85 btc being one of them.


You use it to trade btc, but what if it moves against you, or you make bad trades? You're also mainly involved in altcoins, which majority of them are pump and dump failures. You offer collateral in altcoins (which ones specifically?), but what if the collateral value tanks during this 30 day period? All of these that I just mentioned result in losses, so in the event it does happen, how will you pay back the loan if you lose all or most of it?

What I do for some of the loans I give out, depending on the case, is to force the borrower to have a plan of repayment and also provide proof of income/mining. So perhaps you can provide the same to boost up a lender's confidence. Proof of income is one thing, actually sending it back is another matter, so we won't get into that.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on August 22, 2014, 09:25:41 AM
Sorry let me clarify. During the past few short months that I've been here, there was only one instance of a loan over 1btc besides a few of my loans. I'm sure in the past before I was active in this section, there were a lot more, your 1.85 btc being one of them.


You use it to trade btc, but what if it moves against you, or you make bad trades? You're also mainly involved in altcoins, which majority of them are pump and dump failures. You offer collateral in altcoins (which ones specifically?), but what if the collateral value tanks during this 30 day period? All of these that I just mentioned result in losses, so in the event it does happen, how will you pay back the loan if you lose all or most of it?

What I do for some of the loans I give out, depending on the case, is to force the borrower to have a plan of repayment and also provide proof of income/mining. So perhaps you can provide the same to boost up a lender's confidence. Proof of income is one thing, actually sending it back is another matter, so we won't get into that.

Good advice.

I cannot reveal all my trading activities, but suffice to say that if I lose out, I have enough liquid to pay the maximum amount back in full if necessary. The publicly available activities are but only the surface of the trades I am engaged in. I am sure you can understand where I am coming from.

The main goal of this loan is two fold: To increase my current liquid holdings of btc for trading purposes, and also to build an open trading record that reflects my ability to handle larger amounts of btc whether it be loans or otherwise.

You are right, I have been here for a while and have made numerous trades and deals - and I must say it was a very rewarding experience. I hope to continue building my trading reputation and thus I believe right now is a good time to re engage in some contracts.

If you have further questions, I would be glad to answer them, here or pm. I apologize for the vague nature of my reply, but I hope you will forgive me since some details must be kept private due to the nature of the market. 



Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on August 27, 2014, 08:10:42 AM
Update: Periodic partial payment and shorter term being considered. Please post your offers.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: monbux on August 27, 2014, 06:13:24 PM
I can loan you around 1 BTC, depends on your collateral though.
Could you please post your collateral here, or PM me it?


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Barney Gumble on August 27, 2014, 11:00:06 PM
i could jump in for 1BTC depends on your collateral and because i am newbie yhr collateral should be paid to a highrank member


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: DiamondCardz on August 27, 2014, 11:08:15 PM
Sorry let me clarify. During the past few short months that I've been here, there was only one instance of a loan over 1btc besides a few of my loans. I'm sure in the past before I was active in this section, there were a lot more, your 1.85 btc being one of them.


You use it to trade btc, but what if it moves against you, or you make bad trades? You're also mainly involved in altcoins, which majority of them are pump and dump failures. You offer collateral in altcoins (which ones specifically?), but what if the collateral value tanks during this 30 day period? All of these that I just mentioned result in losses, so in the event it does happen, how will you pay back the loan if you lose all or most of it?

What I do for some of the loans I give out, depending on the case, is to force the borrower to have a plan of repayment and also provide proof of income/mining. So perhaps you can provide the same to boost up a lender's confidence. Proof of income is one thing, actually sending it back is another matter, so we won't get into that.

Large loans happen here. I used to police the Lending forum quite vigorously and I still check it occasionally, so I know the scene.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: justbtcme on August 29, 2014, 03:21:30 AM
I just got this from OP alt account or someone impersonating him to ask for a loan from me via PM.

Hi - this is my other account. My main trading account on btc talk is Honeypot, but it is having some problems at the moment that should be cleared up within days.

Please take time to review and look through my loan contract offer:

https://bitcointalk.org/index.php?topic=751645.new#new


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 02, 2014, 02:10:33 PM
I just got this from OP alt account or someone impersonating him to ask for a loan from me via PM.

Hi - this is my other account. My main trading account on btc talk is Honeypot, but it is having some problems at the moment that should be cleared up within days.

Please take time to review and look through my loan contract offer:

https://bitcointalk.org/index.php?topic=751645.new#new

Confirming that we are one in the same. My main account here is back online more or less.

Offer still ongoing.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: P4ndoraBox7 on September 02, 2014, 03:58:43 PM
I would like ur offer but I'm still new here...Still need to make some trust heh, but nice to meet you honeypot.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 02, 2014, 05:34:43 PM
I would like ur offer but I'm still new here...Still need to make some trust heh, but nice to meet you honeypot.

Likewise. If you would like, we can use a mutually trusted escrow (quite a number of such people here in the forums have done work in the past, certainly handled larger than 5 btc in terms of escrow) to fulfill the offering.


This will also give you a chance to build up trust and trading history here in the forums.

Welcome to the forums.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: haploid23 on September 02, 2014, 06:12:12 PM
I would like ur offer but I'm still new here...Still need to make some trust heh, but nice to meet you honeypot.

Likewise. If you would like, we can use a mutually trusted escrow (quite a number of such people here in the forums have done work in the past, certainly handled larger than 5 btc in terms of escrow) to fulfill the offering.

He's not offering to give the loan. I think he's just introducing himself, thinking that will build his trust for a loan he's trying to get here  ::):

https://bitcointalk.org/index.php?topic=766155.0


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: P4ndoraBox7 on September 02, 2014, 08:51:15 PM
ah gosh haploid  -_- Can you give some advice instead of trying to put me down, you started somewhere too dude.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 12, 2014, 01:38:15 AM
Offer still ongoing. All interested parties are free to post here and/or pm me.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Sickler on September 12, 2014, 07:58:54 AM



Not sure if I missed something, but are you willing to tell us the alt-coins so we can at least take a look at their history and see if they are efficient as collateral?


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: 🏰 TradeFortress 🏰 on September 12, 2014, 10:18:10 AM
I'm happy to fill this loan. I'm OK with Tomatocage, DannyHamilton, and other reputable escrow providers.

My condition: collateral will be liquidated the moment they are unable to cover 100% of the loan.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 12, 2014, 04:16:09 PM
I'm happy to fill this loan. I'm OK with Tomatocage, DannyHamilton, and other reputable escrow providers.

My condition: collateral will be liquidated the moment they are unable to cover 100% of the loan.

Giving this a chance (with some conditions of my own).

Given your trust rating, I was fully prepared to reject it.

However, I hope to give it a shot. If we can agree that collateral will be worth 100% of the loan you are giving, and that interest rate will be at 10% after 60 day period, then we have a deal.

I agree to your condition that collateral will be liquidated if coinmarketcap price falls below 100% of loan value.

I ask that escrow.ms be used as an escrow to hold the collateral.

Let me know what you think.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: austin on September 14, 2014, 09:00:20 PM
If your deal with TradeFortress doesn't work out, I may be able to give you part of this loan. It's alright with me as long as I trust the altcoin and it can be held by an escrow, like the last loan I gave you.

On a side note, I apologize for not responding to your PM in August. I was on a hiatus for the last two months.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: ACCTseller on September 14, 2014, 11:59:09 PM
I'm happy to fill this loan. I'm OK with Tomatocage, DannyHamilton, and other reputable escrow providers.

My condition: collateral will be liquidated the moment they are unable to cover 100% of the loan.
I am curious to know why TF has money to lend when he has still not repaid all the investors in inputs, coinlenders and his signature campaign. tisk tisk tisk


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 15, 2014, 06:26:00 AM
If your deal with TradeFortress doesn't work out, I may be able to give you part of this loan. It's alright with me as long as I trust the altcoin and it can be held by an escrow, like the last loan I gave you.

On a side note, I apologize for not responding to your PM in August. I was on a hiatus for the last two months.

I can't even pm him because I assume the forum is blocking it.

If you want to fill part of this loan, let's discuss terms - send me your offer with pm and we can post the final results here for transparency.

I would really like to have one person fill the loan to make things less complicated, but I am open to offers.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: 🏰 TradeFortress 🏰 on September 20, 2014, 02:19:12 PM
I'm happy to fill this loan. I'm OK with Tomatocage, DannyHamilton, and other reputable escrow providers.

My condition: collateral will be liquidated the moment they are unable to cover 100% of the loan.

Giving this a chance (with some conditions of my own).

Given your trust rating, I was fully prepared to reject it.

However, I hope to give it a shot. If we can agree that collateral will be worth 100% of the loan you are giving, and that interest rate will be at 10% after 60 day period, then we have a deal.

I agree to your condition that collateral will be liquidated if coinmarketcap price falls below 100% of loan value.

I ask that escrow.ms be used as an escrow to hold the collateral.

Let me know what you think.

10% after 60 days is fine. These two statements are contradictory - it's pretty likely the value of the coin basket would fall below 100% due to market jitter.

Escrow.ms is fine, although I prefer DannyHamilton / Tomatocage.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 20, 2014, 08:49:32 PM
I'm happy to fill this loan. I'm OK with Tomatocage, DannyHamilton, and other reputable escrow providers.

My condition: collateral will be liquidated the moment they are unable to cover 100% of the loan.

Giving this a chance (with some conditions of my own).

Given your trust rating, I was fully prepared to reject it.

However, I hope to give it a shot. If we can agree that collateral will be worth 100% of the loan you are giving, and that interest rate will be at 10% after 60 day period, then we have a deal.

I agree to your condition that collateral will be liquidated if coinmarketcap price falls below 100% of loan value.

I ask that escrow.ms be used as an escrow to hold the collateral.

Let me know what you think.

10% after 60 days is fine. These two statements are contradictory - it's pretty likely the value of the coin basket would fall below 100% due to market jitter.

Escrow.ms is fine, although I prefer DannyHamilton / Tomatocage.

My apologies, I misstated that badly. I meant to say that i could not agree to the liquidation - liquidation is only if the payment is not made by the specified date.

If that's still fine with you, I would like to use maidak for this escrow.

Please let me know.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on September 20, 2014, 08:50:31 PM
Portion of the loan filled in the amount of 2.8 btc.

Austin lending, with maidak acting as escrow.

Terms are as follows, the collateral is to be held for 45 days.

Austin is to lend me 2.8 btc with interest rate of 10%. The final repayment amount is 3.08 btc after 45 days.

Earlier repayments can be made at my discretion and with austin's consent before 45 days are reached. Payment dates is nov 4th, 2014 0018 GMT.

Maidak and austin, please post here to confirm.


The offer is still up for any amount up to 3-4 btc that is 100% covered by other collaterals i can offer, so please keep that in mind.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Maidak on September 20, 2014, 10:05:32 PM
Portion of the loan filled in the amount of 2.8 btc.

Austin lending, with maidak acting as escrow.

Terms are as follows, the collateral is to be held for 45 days.

Austin is to lend me 2.8 btc with interest rate of 10%. The final repayment amount is 3.08 btc after 45 days.

Earlier repayments can be made at my discretion and with austin's consent before 45 days are reached. Payment dates is nov 4th, 2014 0018 GMT.

Maidak and austin, please post here to confirm.


The offer is still up for any amount up to 3-4 btc that is 100% covered by other collaterals i can offer, so please keep that in mind.

I can confirm the funds are being held on my end.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: austin on September 20, 2014, 11:10:11 PM
Portion of the loan filled in the amount of 2.8 btc.

Austin lending, with maidak acting as escrow.

Terms are as follows, the collateral is to be held for 45 days.

Austin is to lend me 2.8 btc with interest rate of 10%. The final repayment amount is 3.08 btc after 45 days.

Earlier repayments can be made at my discretion and with austin's consent before 45 days are reached. Payment dates is nov 4th, 2014 0018 GMT.

Maidak and austin, please post here to confirm.


The offer is still up for any amount up to 3-4 btc that is 100% covered by other collaterals i can offer, so please keep that in mind.

I can confirm the funds are being held on my end.
Confirmed. I've given Honeypot this loan and Maidak is holding the collateral.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on October 30, 2014, 04:26:31 AM
Austin agreed to have the entire 3.08 btc final payment rolled over into the next loan offer planned to be launched. I thank him publicly for his support here and now, and have offered him more advantageous terms as a sign of gratitude.

New loan offering thread will be launched shortly.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: austin on October 30, 2014, 05:25:13 AM
Austin agreed to have the entire 3.08 btc final payment rolled over into the next loan offer planned to be launched. I thank him publicly for his support here and now, and have offered him more advantageous terms as a sign of gratitude.

New loan offering thread will be launched shortly.
Confirmed. I'll be giving Honeypot another collateralized loan in a few days. :)


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Watoshi-Dimobuto on October 30, 2014, 06:34:06 AM
I can give you upto 1 BTC loan if you have valid collateral.


Title: Re: Requesting a medium loan for 30 days, 10-20% - using escrow and collateral
Post by: Honeypot on October 31, 2014, 01:02:54 AM
New thread will be posted soon.