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Need 1 BTC for trading investments. [COLLATERAL]
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Topic: Need 1 BTC for trading investments. [COLLATERAL] (Read 694 times)
FishcakeBuffet
(OP)
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Merit: 0
Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:03:29 PM
#1
Hello there!
I need 1 BTC to do some cryptocurrency trading as my liquidity is tied up in Litecoins atm and I would like to keep a holding of Litecoin
I will payback all investors by July 14th with 1.1-1.15 BTC return as my collateral guarantees if my investments fall into a negative
My collateral wallet address is as follows --> LXQPXCWmZU56EB4323ZeD8cErEb6EAr7xD
Please message me back with enquiries.
Much appreciated, thanks
EcuaMobi
Legendary
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Activity: 1876
Merit: 1475
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:09:10 PM
#2
So you would be sending all your 80.5 LTC as collateral?
(either to the lender or an escrow)
FishcakeBuffet
(OP)
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Activity: 11
Merit: 0
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:10:12 PM
#3
No I would sell 80.5 LTC to BTC or the equivilent to 1.15 BTC and then payback a lender
monbux
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Activity: 1736
Merit: 1029
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:11:47 PM
#4
Quote from: FishcakeBuffet on July 01, 2014, 03:10:12 PM
No I would sell 80.5 LTC to BTC or the equivilent to 1.15 BTC and then payback a lender
Lol, a trader doesnt know what a collateral is. You are supposed send the collateral upfront.
EcuaMobi
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Activity: 1876
Merit: 1475
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:11:52 PM
#5
Quote from: FishcakeBuffet on July 01, 2014, 03:10:12 PM
No I would sell 80.5 LTC to BTC or the equivilent to 1.15 BTC and then payback a lender
A collateral must give zero risk to the lender and motivate the borrower to pay back to get the collateral.
If you're not willing to send the LTC to a trusted escrow, then it's not collateral.
FishcakeBuffet
(OP)
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Activity: 11
Merit: 0
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:18:48 PM
#6
If you would like I can sell the 80.5 LTC to BTC and then send it to an escrow "
https://bitescrow.org/
" But I need to delay it until the I have received the loan
EcuaMobi
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Activity: 1876
Merit: 1475
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 03:21:42 PM
#7
Quote from: FishcakeBuffet on July 01, 2014, 03:18:48 PM
If you would like I can sell the 80.5 LTC to BTC and then send it to an escrow "
https://bitescrow.org/
" But I need to delay it until the I have received the loan
Then why would you need the loan if you're willing to sell the LTC?
This is how it works:
You send the 80.5 LTC to a trusted escrow
Somebody sends you
BTC
1
In 2 weeks, you send
BTC
1.1-1.15 to whomever lent you
As soon as you do that, the escrow sends you back all your 80.5 LTC
leex1528
Hero Member
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Activity: 784
Merit: 1000
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 04:42:35 PM
#8
Quote from: EcuaMobi on July 01, 2014, 03:21:42 PM
Quote from: FishcakeBuffet on July 01, 2014, 03:18:48 PM
If you would like I can sell the 80.5 LTC to BTC and then send it to an escrow "
https://bitescrow.org/
" But I need to delay it until the I have received the loan
Then why would you need the loan if you're willing to sell the LTC?
This is how it works:
You send the 80.5 LTC to a trusted escrow
Somebody sends you
BTC
1
In 2 weeks, you send
BTC
1.1-1.15 to whomever lent you
As soon as you do that, the escrow sends you back all your 80.5 LTC
How is he supposed to walk away up 1BTC if he has to send first?
Dr Seuess new book? Scam I am.
Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 04:46:43 PM
#9
Yeah if you want to collateral the LTC I can lend you how ever many BTC you need.
Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 04:54:19 PM
#10
OK let me say: I will lend you as many BTC as you have LTC collateral for*
EcuaMobi
Legendary
Offline
Activity: 1876
Merit: 1475
Re: Need 1 BTC for trading investments. [COLLATERAL]
July 01, 2014, 05:04:08 PM
#11
Quote from: leex1528 on July 01, 2014, 04:42:35 PM
Quote from: EcuaMobi on July 01, 2014, 03:21:42 PM
Quote from: FishcakeBuffet on July 01, 2014, 03:18:48 PM
If you would like I can sell the 80.5 LTC to BTC and then send it to an escrow "
https://bitescrow.org/
" But I need to delay it until the I have received the loan
Then why would you need the loan if you're willing to sell the LTC?
This is how it works:
You send the 80.5 LTC to a trusted escrow
Somebody sends you
BTC
1
In 2 weeks, you send
BTC
1.1-1.15 to whomever lent you
As soon as you do that, the escrow sends you back all your 80.5 LTC
How is he supposed to walk away up 1BTC if he has to send first?
Dr Seuess new book? Scam I am.
Well yes, I like to give people the benefit of the doubt.
I was 99% percent sure this info wasn't really required, but there was a 1% chance he was just really a newbie and didn't know to proceed.
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Need 1 BTC for trading investments. [COLLATERAL]
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