Hi, I want to loan 5-10 bitcoins for 1-2 years at a negotiable interest rate. Based in the UK, can provide collateral, happy to sign a contract, etc.
Please list the exact collateral you are able to provide, I may be able to fulfill some/all of this loan request depending on this.
Generally you'll need to provide 120% of the end loan amount in collateral, possibly more for such a long term, due to likelihood that bitcoin will double by the end of that period.
Whatever Collateral you list and offer, it can
never be enough for that kind of time period.
Because nothing can cover the rise of
BTC, it's inevitable. You can't control inevitable, you can't cover it, you can't manipulate it. You can though embrace it...
Some months ago i posted elsewhere that
BTC will get 5k€ (not $) price before 2018 and here it is. I was lucky with my prediction? Probably.
That's why i will make another one here, just for the record. The 10
BTC that Op will get (hypothetically) now for 50k, in two years will cost 200k.
At least and not last.No likelihood, no guessing. Pure and clean numbers.
There you go, i said it!