ClutchThese (OP)
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January 02, 2015, 09:03:23 PM Last edit: January 02, 2015, 09:16:47 PM by ClutchThese |
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Looking to get 1 btc for a 2 week period. I have collateral in OPAL.
I'm currently holding about 130k OPAL but don't want to sell ANY of it. So, i would transfer 150% collateral to a VERY REPUTABLE lender for the 2 week period.
If interested, please let me know.
I will repay 5%(BTC) + 5% of any OPAL increases within the 2 weeks for the amount held in collateral.
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Quickseller
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January 02, 2015, 09:15:22 PM |
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Do you have a link as to where your collateral trades?
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monbux
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January 02, 2015, 09:28:01 PM |
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Seems like the 24 hour volume is only ~70K Opal - Do you have any other altcoins to provide as collateral? I can lend you some BTC but not 1 BTC for this altcoin, it looks jumpy (as are all new altcoins)... I can lend you less OR do you have any other more established altcoins to provide?
Cheers, monbux
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ClutchThese (OP)
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January 02, 2015, 09:36:16 PM |
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Seems like the 24 hour volume is only ~70K Opal - Do you have any other altcoins to provide as collateral? I can lend you some BTC but not 1 BTC for this altcoin, it looks jumpy (as are all new altcoins)... I can lend you less OR do you have any other more established altcoins to provide?
Cheers, monbux
At this time i do not. I currently hold OPAL and BTC. If you're able to loan .5 BTC, i'll provide the same repayment within 3 days.
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marcotheminer
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January 02, 2015, 09:42:55 PM |
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I would do this under a few conditions such as: I hold the collateral (to avoid complications with the next condition), the collateral would be liquidated IF the value of the collateral drops under a certain point. This price point per opal would be found by the highest point at which all opal (collateralised) could be sold in one go in the case of a price drop. 0.000032 or so would be this starting price point, so collateral would be 45k OPAL or so, sold if this price point drops to 0.0000250 or so. Terms can be discussed.
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ClutchThese (OP)
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January 02, 2015, 09:52:53 PM |
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I would do this under a few conditions such as: I hold the collateral (to avoid complications with the next condition), the collateral would be liquidated IF the value of the collateral drops under a certain point. This price point per opal would be found by the highest point at which all opal (collateralised) could be sold in one go in the case of a price drop. 0.000032 would be this starting price point.
So at the CURRENT market prices, you would require 47,000 OPAL ( worth 1.5 BTC at .00003200 per OPAL) to secure 1 BTC. This would be repaid within 2 weeks or earlier. The fee would be 5% btc (.075 BTC) plus (2,350 OPAL). If you agree to the above, then i do as well.
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monbux
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January 02, 2015, 09:55:29 PM |
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I would do this under a few conditions such as: I hold the collateral (to avoid complications with the next condition), the collateral would be liquidated IF the value of the collateral drops under a certain point. This price point per opal would be found by the highest point at which all opal (collateralised) could be sold in one go in the case of a price drop. 0.000032 would be this starting price point.
So at the CURRENT market prices, you would require 47,000 OPAL ( worth 1.5 BTC at .00003200 per OPAL) to secure 1 BTC. This would be repaid within 2 weeks or earlier. The fee would be 5% btc (.075 BTC) plus (2,350 OPAL). If you agree to the above, then i do as well. Do you still need me to loan you extra or has Marcotheminer covered it all? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ClutchThese (OP)
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January 02, 2015, 09:56:45 PM |
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I would do this under a few conditions such as: I hold the collateral (to avoid complications with the next condition), the collateral would be liquidated IF the value of the collateral drops under a certain point. This price point per opal would be found by the highest point at which all opal (collateralised) could be sold in one go in the case of a price drop. 0.000032 would be this starting price point.
So at the CURRENT market prices, you would require 47,000 OPAL ( worth 1.5 BTC at .00003200 per OPAL) to secure 1 BTC. This would be repaid within 2 weeks or earlier. The fee would be 5% btc (.075 BTC) plus (2,350 OPAL). If you agree to the above, then i do as well. Do you still need me to loan you extra or has Marcotheminer covered it all? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If he covers the 1 btc, then i'm good. I appreciate it!
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LOBSTER
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January 02, 2015, 09:56:57 PM |
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I would do this under a few conditions such as: I hold the collateral (to avoid complications with the next condition), the collateral would be liquidated IF the value of the collateral drops under a certain point. This price point per opal would be found by the highest point at which all opal (collateralised) could be sold in one go in the case of a price drop. 0.000032 would be this starting price point.
So at the CURRENT market prices, you would require 47,000 OPAL ( worth 1.5 BTC at .00003200 per OPAL) to secure 1 BTC. This would be repaid within 2 weeks or earlier. The fee would be 5% btc (.075 BTC) plus (2,350 OPAL). If you agree to the above, then i do as well. So you would accept (if I'd give you the loan) that I can sell the OPAL an a point, the collateral is going under 1 BTC?
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ClutchThese (OP)
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January 02, 2015, 09:58:58 PM |
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Lobster, i'd hope that you at least give me the opportunity to repay the loan right then before you dump the OPAL.
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marcotheminer
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January 03, 2015, 06:01:55 PM |
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I have received 50k OPAL and am now sending 1BTC to an address of your choice Clutch.
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ClutchThese (OP)
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January 03, 2015, 06:03:34 PM |
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I have received 50k OPAL and am now sending 1BTC to an address of your choice Clutch.
Thanks again marcotheminer. Please send 1BTC to 1H4gzYFGs8mbvgVKxWMaXTJKTpDpQ8imTq Repayment will be due no later than: Jan 17th.
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marcotheminer
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January 03, 2015, 06:09:28 PM |
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I have received 50k OPAL and am now sending 1BTC to an address of your choice Clutch.
Thanks again marcotheminer. Please send 1BTC to 1H4gzYFGs8mbvgVKxWMaXTJKTpDpQ8imTq Repayment will be due no later than: Jan 17th. Sending 1.00 BTC, repayment of 1.05 BTC by January 17th to 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq & 2500 OPAL to oLbzTtgouWNERpi2SnRZUMzduQX9hSLLBw. Sent! https://blockchain.info/tx/60411e5e22fd8052d59771a8904f3307c96ebb63e204a1ad58e9d933a0196e69
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ClutchThese (OP)
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January 03, 2015, 06:13:18 PM |
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Confirmed receipt. Waiting on confirmations now. Thanks again.
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WhatsBitcoin
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January 03, 2015, 09:16:30 PM |
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Confirmed receipt. Waiting on confirmations now. Thanks again. Quoting both of you for record.
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Get sick. Get well.
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marcotheminer
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January 07, 2015, 11:02:36 AM |
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Confirmed, sending 47,500 OPAL in a bit. Thanks
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marcotheminer
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January 07, 2015, 01:04:33 PM |
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Sent your 47.5k OPAL.
Address: oNMvW43CpMknrzWZGB58wRg2xi3cZ9eLoG TxId: 77040a293d2a98104ed41f9845e77124d0b8b3229ed315b95988326cd262f8e6
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ClutchThese (OP)
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January 07, 2015, 01:21:10 PM |
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Sent your 47.5k OPAL.
Address: oNMvW43CpMknrzWZGB58wRg2xi3cZ9eLoG TxId: 77040a293d2a98104ed41f9845e77124d0b8b3229ed315b95988326cd262f8e6
Received! Thanks again. I really appreciate it. Trust was left.
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Signature for Rent - PM if Interested
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