Bitcoin Forum

I'm trying to acquire about 5btc and my collateral will be my website and some domains. I have a local travel blog with a growing forum of its own and the domains along with it in my fatcow account. is this going to be a valid collateral and can i get about 5btcs for it?

That depends. A valid collateral must be around 110%-115% of the loan value and it should be easily to liquidate.

It is valid collateral in the sense the domains can be transferred and not recovered and you may grant exclusive access/ownership for your site/server to the lender (or escrow). Just keep in mind the ownership can't be shared with you for it to be valid collateral.
Regarding the value you'd need to publish specific traffic and income stats to establish whether it's worth more than 5BTC plus interest. If you think it is then I recommend you to post your loan request with the full information.

To answer your question we would need a lot more information....

How many unique hits does your website get a month?
Does it have revenue?
Are the domains unique? LLL.com or LLLL.com?
.........

you mean 3-4 letter domains? No. but they do have the keywords for the niche.

the blog don't have constant traffic though, traffic usually go up to 300 to 500 a day during January because of the largest feast in the country where thousands of tourists visits our city.  Earns adsense about a $100 every 5 to 6 months.

sure not worth 5btc though, if anyone would like to check the site, I cam pm it and maybe we can make a deal how much you can lend or so.

Well the collateral should be around 110-115% of the loan amount and i don't think this is the case.

Also keep in mind a lender would rather take collateral that can be sold fast and easy.

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

I only have a SR. Account, will someone accept my account as a collateral for maybe 3btc?
I'm a bit short with what I currently have this time. I need about 1200$ to pay for the repairs for my back yard. I need this done before Christmas else someone might rob us when I'm on vacation.

I'd probably back by January so no one is left here. I need barbwire fence and welded bars. :)

Definitely not. You need at least 4 Legendary member accounts for that amount. For 3BTC, you need a extremely good reputation and posting history, I have saw a loan of 1BTC, equivalent of ~$600 at that time and that account had a great reputation.

 Maybe Later. I have to ask money somewhere else, a pawnshop should help me. Thanks anyway.

many people not agree if that being collateral for 5BTC,but i think its can be. some domain and good website also have a good price.
but ts depending deal between you and lender.

Sorry mate, but no one will give you that amount of money here without a good and proper collateral. After all, we are all strangers here.

You will much easier get money from your friends or family, so better to concentrate on that then to waste your time here.

Hope you will solve your problems after all. Best of luck!

4 legendary seems too much for just 5 btc, a good legendary with plenty of trust alone is worth more than 5 btc

i know that my account is worth a tons more, because i made more than 5 btc here with this account, no way i'm selling it for 1.25 btc ...for example

So who's willing to sell a Legendary account, pm offers ;)

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

Hello

The best type of collateral are probably altcoins.

But there are very few borrowers who can offer this as a form of collateral. Bitcoin talk accounts seem to be a currency on this forum as many people seem to be buying and selling them.

For your own situation you need to prove to the lender who will give you 5 BTC that your website has value and can easily be sold or somehow the 5 BTC can be got back with profit. Anyway good luck in getting this loan and try and offer as much collateral as you can as this will sway lenders to give you a loan.

Cheers

We're talking about a loan here. The resell value have to be higher than the original value. I have seen legendary going to 1BTC but not much after that. In most cases, users buy accounts for signature campaign. After Sr member, there is very little gap in the value and most probably won't want to fork out extra for a higher rank account as they can depreciate greatly with time. You may have made 5BTC but not everyone have the potential. Much less with the price on the rise, most accounts are worth much less than before.

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Hero or legendary account is a type of valid collateral considering that no many such accounts are existing at the moment. For the low level member accounts, altcoins are the best provided collateral. Most of lenders require the altcoins be listed at the major exchhanges and have high trading volume in case of liquidation. The high volatility may be a concern. The lenders could ask for 30%, 40% or more than the loan. In case the value of collateral drops down from the loan amount, lenders could set the rule asking to add more collateral.

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

Not many hero or legendary account holders ask for loans these days. The loan amounts are usually small. So lower rank accounts might be appropriate. The lender should ask for more than the loan amount for the collateral.

I think so. Bitcoin price is too volatile. Borrowing a bitcoin loan is too risky. Let's take an example, for 0.1 BTC loan with 10% interests. By the day of 7 days repayment deadline, you find bitcoin price increase 10%. You realises you have to pay 20% of initial loan amount in terms of fiat money.

there are no stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

From the stickied post on the Lending section:

What is good collateral for a loan? (From best to worst)

#1: Alternate stable and well acknowledged cryptocurrencies
#2: Securities and shares such as TAT.ASICMINER
#3: Anything that can be traded in somewhere for a secure cash/Bitcoin value quickly
#4: Physical items such as an iPad

As I said altcoins are the best collateral, btc accounts are good too but I'm sure any lender would accept altcoins before btc accounts.

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

it depend what account was sold for 0.15 at first if it has good quality post and trust and stuff like that, also if it was banned etc...

there are many factor that need to be taken into account, also if you think about it they have the same value in fiat because bitcoin increased in price, so...

Yes, quality is important. However, if you look around, there is almost no one that is willing to give a fiat tied loan in Bitcoin due to this exact reason. When people loan Bitcoin, they expect the same or more Bitcoin back. That's the same for collateral, that's why people request for something that is of much higher value than the loan amount itself. And with more accounts in circulation, the price is bound to decrease soon enough.

yeah but what i mean is that the value of the account is lower, because the value of bitcoin increased, which is the same that happened for every signature campaign

i think both of yours point are correct on your part because due to increase in accounts and sales and rise in bitcoin price and lower post rate in signature campaign due to rise in bitcoin price are also the reason for the lower value of the account selling. but then also if anyone dont have higher account and if they got bitcoin with them, then they can think of investing in this high rank account purchasing and doing signature campaign and earn back the purchase amount from the account which is purchase.

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception.  ;)

There are so many altcoins, do you have to create wallet for all the altcoin you want to accept as collateral?

Lenders generally accept only bigger alt coins like Litecoin since it has low volatility. Lenders can choose to accept other coins but most would just place them at exchanges and request a much higher collateral value.

Afterall if lenders are worried about volatility they shouldn't lend at all because bitcoins have just as much volatility, look at the price, from 200 to 400 and from 400 to 200 again in a matter of days, it's risky.

If the lenders lend in bitcoin and get money back in bitcoin, why should they worry about the volatility?