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Author Topic: searching for loans with low interest (searching for escrow)  (Read 1571 times)
Quickseller
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April 04, 2015, 04:17:28 PM
Last edit: April 04, 2015, 04:51:32 PM by Quickseller
 #41

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.
Ok, anyways thank you for pointing out that my offer is fine and can be interesting for someone else. I hope to find someone else soon.
The interest rate works out to roughly 3% per month, or 36% per year (minus escrow fees) and I am not sure that is high enough in the bitcoin world. It is not uncommon for someone to be willing to pay 10 to 20% for only ~a week loan secured by altcoin collateral, although they are generally not for as large of a loan as this one

edit: I would be more with compound interest
leen93 (OP)
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April 04, 2015, 04:38:09 PM
 #42

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.
Ok, anyways thank you for pointing out that my offer is fine and can be interesting for someone else. I hope to find someone else soon.
The interest rate works out to roughly 3% per month, or 36% per year (minus escrow fees) and I am not sure that is high enough in the bitcoin world. It is not uncommon for someone to be willing to pay 10 to 20% for only ~a week loan secured by altcoin collateral, although they are generally not for as large of a loan as this one
yes, i guess you understand i cannot offer such intrest rates for an all time fully collateralized loan. It's impossible to get such returns in the long run. Even when i would be lucky.
I think 0,1% a day is 44% intrest a year and doesn't look bad.

But I'm willing to also give:
part of bankroll at a certain hour of the day (convenient to check by the escrow) * amount of btc wagered that day * 0.1% = amount of btc I will pay you for the interest

which should be more on average but which means that the intrest rate is different every day.
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