Bitcoin Forum

Bored and want to trade. I have some good ideas after this alt-crash continues to decimate.

Loan amount: 0.1+ btc or 2 Eth. (Prefer Eth)
Repayment: % negotiable
Timeline: Negotiable - 2weeks - longterm?
Collateral: 120+% of loan amount, negotiable: Choose from ERC20 tokens: EDO, BKX, CRPT

I only deal with trusted users
hence, *Escrow not needed*
- I reserve the right to decline transacting with anyone-

Hello,

How much interest are you willing to pay though?

Also, about your collateral, does that mean you can supply say 0.12BTC of either EDO, BKX, or CRPT?

I was hoping for an offer on interest... I suppose I don't really want to pay more than 10%

and yes. Collateral is in 1x transaction for full 120%+ or whatever is agreed upon. Those are tokens I have available in that quantity and liquidity

I can provide this loan for 10% interest per month under the following conditions.

1. The EDO token must be maintained at 130%+ valuation, this would include you topping up if it drops under 115%.
2. I will put a stop loss on the EDO at 105% of the value, if it drops too low it will be automatically sold to recover the BTC.

Id take the month at 10%. Thats quite fair.

I dont like the idea of "automatic stop loss".
Id start at 150% to remove that stipulation

How about 140% Collateral, and 102% stop-loss? Edit, also payment would have to be BTC as I don't have 2 ETH liquid.

Making an even 700 EDO at current valuation is about 140% of 0.1BTC. I doubt it would go to value, but I would surely hope you would give me ample time to either repay the loan or add additional funds if it does. (like a warning at 110%, although I should be aware in anycase).
BTC is fine, just an even 0.1 to make it easy.


Loan Amount: 0.1 BTC
Repayment: 0.11 BTC
Timeline: Repayed before 4/24/18
Collateral: 700EDO @ 140% loan value

BTC address: 1AkGyKYDffKE4ufCGaeeVeP3Kj3g8BQ8Vs


If you agree, post your Ethereum Address where I can send the collateral.

Give me ~30 min to get everything sorted, I'll edit this post then.

Edit. Terms agreed, please deposit EDO to;

0xfa3e48932aac6de6302dd9e24d32ee75644cbdce

Once confirmed I'll transfer the BTC over to your address above. Please note I probably wont be tracking the EDO value very frequently so it will be up to you to top it up if it crashes or something.

Sent collateral - transaction ID: 0xf586e62b374dfcb5ee62e7f8a929bef2c69a88a8717b523a7fcf3e36dcf47e6c

Acknowledged, once visible in my binance wallet I'll transfer over the BTC.

Thanks  :D

Edit: 0.1 sent;

https://blockchain.info/tx/4b16b5bee74061a72e5c0d7f607c7466f423351921539bd54e9fb2985af62077

Repayment address: 1vaVQAnPTqPbyjia4BXo23zoPXJWyxfuu

Can you clarify what edo/btc price you have the automatic stop loss set at?

My calculations are set at the loan value of 0.1btc@ 102% = 0.0001458 btc price. Which would be a new low for EDO and not likely.

Just want to make sure what number I have to keep an eye out for. Thanks

I didn't bother setting the stop loss, if it does drop below 120% though I would appreciate if you topped it up.

Well, I suppose it's about time to take care of this loan. Fairly happy with my results, so might as well bail out ahead.

Is this address still the one you would like to use on repayment?

That's correct: 1vaVQAnPTqPbyjia4BXo23zoPXJWyxfuu

Loan amount 0.11 BTC repaid
Tx Id: ba940dd8808c6819c437f1e7ababf0a57185fe52817e2fa4c329ec25e63e4f8f


You can send the 700 EDO collateral to Eth address: 0x2345325299da3bf81793a5592f5ffde0b3fc4a44
(don't worry about the fee - should end up costing 1-2 edo)


- Thanks -

I can confirm this has been received.

Your EDO is currently pending withdrawal from Binance, I'll update this response with the transaction ID once received.

Thanks for the smooth deal.

Edit: https://etherscan.io/tx/0x11730601d717f4b174f12b59980fd751c277af8e869468a58b6bf025a090d84f

Received.

Transaction Complete. I will be locking this thread.