What would i need to do for a 3k loan in btc?

[Xboxthreefixme]

Ive never taken a loan because ive always said its risky but what is need for this to happen.

GO!

[haploid23]

Some decent collateral, and a good interest rate offer. Your account is nowhere near $3k worth, so not even a fool will hand that amount to you.

[hodlmybtc]

For a loan this size you'll definately need collateral if you want to loan here, preferably 120% of the value in some form of a stable altcoin.

You will need to pay interest, this can be negotiated with the person providing the loan and depending on in which timeframe you can pay the loan back.

You probably will have to provide how you are going to pay back the loan within the timeframe of the loan.

You can also take a look at websites specialized in BTC loans like BTCJam.

[Xboxthreefixme]

Some decent collateral, and a good interest rate offer. Your account is nowhere near $3k worth, so not even a fool will hand that amount to you.

Figured. technically i could use the 30% mining power from my 250mh so that would be 75mh

[Xboxthreefixme]

For a loan this size you'll definately need collateral if you want to loan here, preferably 120% of the value in some form of a stable altcoin.

You will need to pay interest, this can be negotiated with the person providing the loan and depending on in which timeframe you can pay the loan back.

You probably will have to provide how you are going to pay back the loan within the timeframe of the loan.

You can also take a look at websites specialized in BTC loans like BTCJam.

I have 6 million dogecoin..

[hodlmybtc]

For a loan this size you'll definately need collateral if you want to loan here, preferably 120% of the value in some form of a stable altcoin.

You will need to pay interest, this can be negotiated with the person providing the loan and depending on in which timeframe you can pay the loan back.

You probably will have to provide how you are going to pay back the loan within the timeframe of the loan.

You can also take a look at websites specialized in BTC loans like BTCJam.

I have 6 million dogecoin..

Those 6 million dogecoin should get you a loan for about 1.8 BTC.

You will probably need to get the rest somewhere else like BTCJam.

Make a post here saying you want to loan 1.8 BTC (or less), say that you have 6 million dogecoin as collateral (120%)

Provide how much interest you can pay to the person giving you the loan and when you can pay the loan + interest back. Also probably provide how you intend to pay the loan back (job, mining, whatever).

It's probably the safest if you send the collateral to a trusted escrow unless the person giving you the loan is very trustworthy.

[Benjig]

The same that a bank could ask, a collateral and or some form that reduce the risk of you running away with the money without returning the loan.
And 6 million doges worth like 2 btc .

[ranochigo]

For a loan this size you'll definately need collateral if you want to loan here, preferably 120% of the value in some form of a stable altcoin.

You will need to pay interest, this can be negotiated with the person providing the loan and depending on in which timeframe you can pay the loan back.

You probably will have to provide how you are going to pay back the loan within the timeframe of the loan.

You can also take a look at websites specialized in BTC loans like BTCJam.

I have 6 million dogecoin..

Those 6 million dogecoin should get you a loan for about 1.8 BTC.

You will probably need to get the rest somewhere else like BTCJam.

Make a post here saying you want to loan 1.8 BTC (or less), say that you have 6 million dogecoin as collateral (120%)

Provide how much interest you can pay to the person giving you the loan and when you can pay the loan + interest back. Also probably provide how you intend to pay the loan back (job, mining, whatever).

It's probably the safest if you send the collateral to a trusted escrow unless the person giving you the loan is very trustworthy.

Because of the fact that dogecoin is dropping so fast, lenders usually require more than 120% of the collateral since it is relatively unstable.