Bitcoin Forum
August 03, 2024, 10:45:38 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Looking for a loan in USDC or USDT, collaterized with BTC  (Read 285 times)
JasonFC (OP)
Member
**
Offline Offline

Activity: 85
Merit: 28


View Profile
September 23, 2019, 07:25:08 AM
 #21

If you don't want to worry about the BTC price and don't have more BTC available, you can just increase the collateral ratio by decreasing the amount borrowed.

Quote
Also, I don't think it's fair to let you hold more BTC that I hold USDC, because I don't think you're trusted enough for that.

This doesn't make any sense, I can say same about you.
Also if you borrow for 2 months, the repaid amount is closer to the actual collateral value than the amount borrowed. But if you want me to hold the same value as you and let the rest to DarkStar_ I'm fine too, I just need a guarantee to at least not lose anything.

The capital will be deployed in my trade, so I can't guarantee that I will be able to decrease the amount borrowed at a moment's notice. As you said, you want a guarantee, and while this is a secured loan, it is not entirely risk free (if you believe the price of BTC might fall 20%+ in a few weeks).

Thank you anyway.

flashflip.io - instant bitcoin gambling on Discord
flashcrash.io - learn more
jbdee
Member
**
Offline Offline

Activity: 211
Merit: 18


View Profile WWW
September 23, 2019, 07:39:33 AM
 #22

I meant you can just borrow 3000 USDC instead of 3500 USDC so the ratio will be higher (133%) and it'll be less likely that you have to add collateral.
Let me know, I can get the amount today.

JasonFC (OP)
Member
**
Offline Offline

Activity: 85
Merit: 28


View Profile
September 23, 2019, 12:07:25 PM
 #23

I meant you can just borrow 3000 USDC instead of 3500 USDC so the ratio will be higher (133%) and it'll be less likely that you have to add collateral.
Let me know, I can get the amount today.

I'm not interested in taking the loan if you're going to make me add collateral depending on the BTC price, as I mentioned earlier. I think I'll just go to the bank instead.

flashflip.io - instant bitcoin gambling on Discord
flashcrash.io - learn more
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!