Bitcoin Forum

Looking for a 0.005 loan and I have Electroneum as collateral.
Repayment Date - 02/05/2018
Repayment Amount - 0.0059

Let me know if you are interested. Willing to use escrow or willing to send first if you have a high trust rating.  :)

Can you tell us how much of ETN you got as collateral? I suppose you know that you need at least 120% of ETN to cover your loan amount.

For ETN I would be willing to put up 800 ETN for 0.005 BTC. At the current market price 800 ETN is equal to 0.00660 BTC

I'm interested it to fill this loan if you're willing to take an equivalent LTC amount to 0.005 sats to short the LTC on any exchange but my terms are as follows:

• 120% of the collateral amount including interested which is around 870 ETN currently
• Collateral can be held by me or any trusted escrow on this forum provided you pay the fees
• If the collateral drops below 105% then the collateral will be sold unless you top it off again

[[/list]

If you agree with the terms then I can lend you the amount

I am a little confused about the terms. Correct me if I am wrong. You want to give me LTC which is the equivalent to 0.005 in BTC or you will trade LTC for BTC and I will pay the fees for you trading on an exchange? I maybe willing to accept but I would just need to make sure that I am correct about the terms.

I dont know what exactly you are going to use the BTC for since you have not mentioned it. But I'm willing to lend you LTC worth 0.005 BTC (or a little more if needed), you can sell it for BTC or use it directly. You return me the same percentage of interest in LTC.

So to give an example at current rate say:

0.005 BTC = 0.2822 LTC

I'll lend you the above amount, you will return the same interest rate (0.0059 was 100*0.0009/0.005 = 18% Interest rate), so you will have to return 0.2822*1.18 = 0.332996 LTC

Ok, ok... That makes a lot more sense. Thank you for taking the time to further explain that. I really do appreciate that. If I were to take you up on your offer is there anyway that I would be able to change the repayment date to 02/06 - 02/07 since it is almost the 4th already. If that is at all possible let me know and and then if you want to have the loan terms defined here or on another thread just let me know where to go to complete the loan. I am willing to allow you to hold the collateral if we have the terms and signature displayed publicly (sorry if I am using the wrong terms but hopefully you get what I mean  :)) Right now I would be using the BTC to play some slot games on a couple sites I'm a loyal customer on, but they all accept LTC as well so I don't mind :) I usually just do a Paxful trade but my trusted regular sellers haven't been taking card2card transfers with the card I loaded and those that are are charging a criminally low amount  :'( So I either am going to go make another deposit to my Serve card or wait til my usual sellers appear.

Alright so 0.005 BTC is 0.2688 LTC according to preev but for the sake of easier math I'll set the loaned amount to 0.27 LTC with the following terms:

• If the loaned amount is returned by 7th February 23:59 midnight (IST) then the return amount will be 0.27*1.18= 0.3186 LTC (+ whatever the transaction fees are), if the amount is not returned by then I will wait for a maximum of 48 hours wherein I'll be charging 10% Interest per day as a late fee before selling the collateral to recover the loan amount
• The collateral will be 890 ETN (prices dropped since last message) which is around 120% of the total amount, since you're willing to let me hold the amount, I'll be holding it on Cryptopia and as previously mentioned if I see the prices dropping to 105% of the total amount I will be shorting the ETN to liquidate the loan.
• All fees including transaction fees on the loaned amount and the collateral are going to be borne by you (withdrawal fees for ETN on cryptopia is 10 ETN if I'm not wrong)

If you agree with the above terms, respond to this thread and we can proceed with the loan.

I'll give you the loan in BTC. I suppose you have the ETN on Cryptopia? Just transfer it to me there, and I'll transfer you the .005 BTC.