I Need Loan Some 2.1 LTC (Litecoin)

[my dream2021]

Hello there,
I need loan some 2.1 Ltc with collateral 7000 Trx

hello can I loans some ltc from you, if so.....please dm me where I should send TRX

Required Ltc Amount: 2.1 Ltc
Estimated Loan Duration: 2-5 days 
Ltc Address: M8GZxY15umqLvURWweNPNbfLKdXErjXQGm
Type of Collateral: 7000 Trx

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
hello this me my dream2021....26 Jul 2020

-----BEGIN SIGNATURE-----
16fwaGCQ69N45tcoi8scZbhAq4xPaSCok
HA2efSuVjtEnyfT4oQNW2THrSA9CeOyvqrUWr3xIYg40RH6hH2e3b4K9lBy5NkowPW7/qn85csMbbLxrvwa9I40=
-----END BITCOIN SIGNED MESSAGE-----

[mocacinno]

I seldomly frequent the loan section so i have no idear how this would work, and i have never used tron in the past, but i did load my mobile wallet with 1.7895599 LTC a while ago, and i haven't spent these funds (yet) so i'd be willing to loan them out to you... I know it isn't exactly 2.1 LTC, but your OP talked about "some 2.1 Ltc"

I'd say ~1% intrest + transaction fees for a 5 day loan.
So ~1.789 LTC (can be a little more or a little less depending on the tx fees) would have a repayment of 1.81 LTC in 5 days.

Since tron seems to be rather volatile, and LTC seems to be volatile aswell (at least, from my perspective), i'd request 150% collateral for the principal + intrest, so the collateral should be enough to cover 2,715 LTC


https://www.coingecko.com/nl/coins/litecoin says 1 LTC = 0,00477895 BTC
2.715 LTC * 0.00477895 BTC/LTC = 0,01297485 BTC

https://www.coingecko.com/nl/coins/tron says 1 TRX = 0,00000180 BTC
0,01297485 BTC / 0,0000018 BTC/TRX = 7209 TRX

If you want to use an escrow, that's fine by me (as long as it's a trusted bitcointalk escrow). You do pay the fees.

If you think this offer is absurd, do realise i don't frequent the loan section all that often, so i've built in some safeguards to protect me from the sale-disguised-as-a-loan trick, and nothing you say will change my mind... It's kind of a take it or leave it deal.

EDIT: more of a PS, since i'm not acustomed to the inner workings of the loan section, this offer will only be valid for 24 hours, and if somebody points out any flaws in my logic that makes me vulnerable to getting scammed, i also have to right to withdraw the offer...

[TheUltraElite]

@Moca

TRX is a shitcoin, but now that is a subjective opinion. I would consider LTC to be the lesser evil than TRX and so I guess the OP also wants to get LTC keeping TRX as collateral. If that is fine by you then its all good. But I would rather say that a loan like this very well forces the lender to buy the shitcoin and sell their considerably precious altcoin.

If (<make then when) the borrower defaults, you will be left with TRX. Now I am not saying that Tron has a low liquid market, its market is large and easy to sell. But would rather need more research on the lender's side on how to get a wallet ready for it and keep it secure for now. I am not well versed in the nitty gritty of Tron, so if I were you would not touch it.
On a better note, OP was advised by DS to post here.

[mocacinno]

@TheUltraElite: thanks for stepping in... After your post, i quickly scanned some articles about TRX, and it indeed looks like a coin that's currently in the process of swapping? Since i only asked about 1€ intrest for a lot of work, I don't want to get involved any longer... It's just not worth my time and effort having to look into this altcoin to see if it's a worthy collateral.

[condoras]

i quickly scanned some articles about TRX, and it indeed looks like a coin that's currently in the process of swapping?

As far as I know, TRON swap was made long time ago. I don't know for any new swap...

Since i only asked about 1€ intrest for a lot of work, I don't want to get involved any longer... It's just not worth my time and effort having to look into this altcoin to see if it's a worthy collateral.

It's considered a worthy one. TRX is on top 20 alts and at least for now, that makes it easy to liquidate at any time in almost any exchanger.
I agree though that it's not worth the fuss to earn a dollar, on the other hand, you make the offer.

For me, it's weird that even if you make a very tempting offer for the OP, he vanishes without a single answer...

[mocacinno]

--snip--

It's considered a worthy one. TRX is on top 20 alts and at least for now, that makes it easy to liquidate at any time in almost any exchanger.
I agree though that it's not worth the fuss to earn a dollar, on the other hand, you make the offer.

For me, it's weird that even if you make a very tempting offer for the OP, he vanishes without a single answer...

Yeah, i know, i did make the offer. And I was serious and willing to go trough with it when i made said offer.
However, I received a PM from the OP shortly after posting my initial reply in this topic. I'm not going to go into details (they're private), but he wasn't happy with some of the aspects of the deal I posted. And because i clearly stated it was a take-it-or-leave-it deal, it was no longer worth my time renegotiating for 1€ profit, so i decided to step out of the thread and give other lenders the opportunity to step in (in case they were interested).

I should have worded my reply a bit differently, but at the time i didn't feel it was necessary to divulge the fact i had exchanged a PM with the OP, and it is still true i know very little about TRX, so any advice pro or contra was more than welcome.

I do hope the OP gets his loan, just not from me (anymore)

[my dream2021]

.............

Thank for @mocacinno and everyone has be visit my post, right now I was thinking to get loan (collateral still TRX) just for BTC and looking at best exchange I can get for Litecoin.


Note: I'm really sorry @mocacinno I don't means to be so rude by making DM.