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Title: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 08:00:01 AM I'll repay it after 1 month 0.4 btc.
I have 35 LTC colleteral. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: marcotheminer on October 15, 2014, 09:19:32 AM I can do this. Let me write up a contract.
Edit: PM Sent. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 09:33:03 AM I can do this. Let me write up a contract. Okay, but please don't exchange my litecoins okay ?Edit: PM Sent. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: marcotheminer on October 15, 2014, 09:37:17 AM I can do this. Let me write up a contract. Okay, but please don't exchange my litecoins okay ?Edit: PM Sent. I won't (unless the value drops below 105% worth of the loan), that is the point of collateral. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 09:41:48 AM I can do this. Let me write up a contract. Okay, but please don't exchange my litecoins okay ?Edit: PM Sent. I won't (unless the value drops below 105% worth of the loan), that is the point of collateral. No, i mean never exchange it when i pay you back. Anyway, i don't want to your btc. Thanks Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: marcotheminer on October 15, 2014, 09:49:38 AM Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 09:57:49 AM Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins. I'll pay it back.So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: marcotheminer on October 15, 2014, 10:03:12 AM Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins. I'll pay it back.So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now. Hence why people ask for 115% - 125% collateral. "I'll pay it back." For all I know, that is an empty promise. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 10:24:31 AM Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins. I'll pay it back.So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now. Hence why people ask for 115% - 125% collateral. "I'll pay it back." For all I know, that is an empty promise. Thanks! Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: Bitcoin-Police on October 15, 2014, 07:16:40 PM I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral. You seem a bit fishy to me. I will be keeping an eye on you. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 07:34:32 PM I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral. You seem a bit fishy to me. I will be keeping an eye on you. Hahaha thank you ;) Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: Candystripes on October 15, 2014, 07:55:48 PM Do 45 LTC and I will give this loan.
Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: byt411 on October 15, 2014, 08:19:48 PM I can do this loan for 40 LTC.
Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: needmoney on October 15, 2014, 08:23:38 PM I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: byt411 on October 15, 2014, 08:37:31 PM I have 35 LTC if you accept it write the thread, if not don't offer me anything please! You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending. The borrower doesn't set the terms, the loaner sets the terms. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: marcotheminer on October 15, 2014, 08:54:45 PM I have 35 LTC if you accept it write the thread, if not don't offer me anything please! You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending. The borrower doesn't set the terms, the loaner sets the terms. Read up, that's what I said and he didn't want to listen. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: ANTIcentralized on October 15, 2014, 10:24:46 PM Your 35 LTC is only worth around .35 BTC but you are asking for .4 BTC. At the very minimum you are asking for a .35 collateral loan and a .05 non-collateral loan, however most lenders will ask for at least 120% collateral so you are really asking for a ~.29 collateral loan and a .11 non-collateral loan.
I would suggest that you either lower your amount requested or increase your collateral, especially considering that you are asking that the collateral not be sold in the event of a price decline. Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: Quickseller on October 15, 2014, 10:31:36 PM I'll repay it after 1 month 0.4 btc. I can lend you .28 provided that you agree to wear the signature of my choice as well as the BTC address of my choice for the duration of the loan. I will charge 15% interest (.322 will be due in one month). I agree to not sell your collateral as long as you keep the signature and BTC address of my choice, in the event that you change your signature or BTC address, the collateral will be sold, .322 will be sent to me from escrow, and the rest will be sent to you (or if the collateral is worth less then .322, the difference will be due me immediately). I can cover any escrow fees for this loan. I have 35 LTC colleteral. If you are interested you can quote me and post in my thread. https://bitcointalk.org/index.php?topic=812533.0 Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: Candystripes on October 15, 2014, 11:00:09 PM I'll do this loan if you gie your account as collateral + 14 LTC.
Title: Re: Want borrow 0.35 btc [Have colleteral] Post by: erwin45 on October 16, 2014, 06:00:10 AM will do this loan for 45 LTC
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