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Title: Looking to borrow 25-50BTC worth of altcoins Post by: whathewhat on September 06, 2014, 04:49:14 PM If you are a holder of that much of any altcoins PM me with the coin name and your terms. Can collateralize with bitcoin or any other convenient mechanism.
Title: Re: Looking to borrow 25-50BTC worth of altcoins Post by: trolek1 on September 06, 2014, 07:25:02 PM Nice way to scam ;)
Title: Re: Looking to borrow 25-50BTC worth of altcoins Post by: smoothie on September 06, 2014, 07:30:55 PM Go to your local bank and get a loan the traditional way.
Crypto loans are a disaster for the lender. Please go away. :-* Title: Re: Looking to borrow 25-50BTC worth of altcoins Post by: trolek1 on September 08, 2014, 09:35:38 AM "Can collateralize with bitcoin" if you have bitcoins why you cant buy that altcoins?
Title: Re: Looking to borrow 25-50BTC worth of altcoins Post by: Tomatocage on September 08, 2014, 01:36:06 PM "Can collateralize with bitcoin" if you have bitcoins why you cant buy that altcoins? He's anticipating certain alt coins breaking out and doubling or tripling in value vs BTC. When that happens he walks, never to be heard from again. If that doesn't happen, he simply returns the borrowed alt coins. Either way the lender assumes all the risk and benefits from none of the advantages. Title: Re: Looking to borrow 25-50BTC worth of altcoins Post by: whathewhat on September 13, 2014, 07:37:44 PM Wow. I didn't think there could possibly be a way for anyone to accuse scam on this but here we are.
Anyhow, i am looking to borrow something which i will return at the end. So, if i borrow 50 DOGE, i will return 50 DOGE. As far as the lender goes, he gets exactly what they gave in the beginning. Whether the underlying value of those coins changed, it makes no difference. Also, i cannot get a cryptocoin loan from the bank. I need altcoins... Lastly, i can pay interest on the coins borrowed on a daily basis. Or any other mechanism. I clearly said "name your terms"... Tomatocage, i can collateralize the full market value of the altcoin. Again, I said "name your terms" |