Long term loan - 10% p.a. - 3y - meet me im switzerland - collateral

[bitprosperity]

Hello Bitcoin community. I just graduated from business school and i am actively interested in bitcoin since 2013. In summer i need a car to go to work, and of course i was looking for someone who sells a car for btc. Indeed i found a business partner. I do not want to spend all my btc which i have bought in early 2013 so the idea for a loan came up. I am a person who likes keeping things simple so i would pay an annual interest of 10% for a 50 btc loan starting on july 1st with annual compounding and repayment of the btc in july 1 st 2017 Since i live in switzerland i could come to any swiss city if there is a lender from switzerland who wants to meet me. I can give guarantees in stockmarket shares or eventually the car itself. If you are interested do not hesitate to contact me via pn or via reply.
Have a great day

[1713926800]

1713926800

[1713926800]

1713926800

[EcuaMobi]

Hello Bitcoin community. I just graduated from business school and i am actively interested in bitcoin since 2013.

Then why did you create an account just for this loan?

I do not want to spend all my btc which i have bought in early 2013 so the idea for a loan came up.

So you do have enough BTC to buy the car but you prefer to use someone else's money? Why would you prefer to pay interest instead of using your own coins? You can get more the same way you plan to get the coins to repay the loan. The only difference is you won't pay any interest.

Do you have any idea how suspicious this looks? Anyway tehre's 0% chance you will get a loan if you don't offer a valid collateral, read this: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902
Meanwhile all you'll get is negative trust.

[bitprosperity]

Hello EcuaMobi and thanks for your reply. As i mentioned i am interested in settling the loan in switzerland. Under swiss law the lender is very good protected against an default. As a collateral i would guarantee with shares of a big swiss company. I will pay the amount partly with my own btc and partly with the loan. So the intention is not diminishing my btc stash to much and not liquidating my stocks since that would be not a good idea now. Thats exactly why a loan makes so much sense here.
Have a great day

[Vod]

Hello EcuaMobi and thanks for your reply. As i mentioned i am interested in settling the loan in switzerland. Under swiss law the lender is very good protected against an default. As a collateral i would guarantee with shares of a big swiss company. I will pay the amount partly with my own btc and partly with the loan. So the intention is not diminishing my btc stash to much and not liquidating my stocks since that would be not a good idea now. Thats exactly why a loan makes so much sense here.
Have a great day

That makes sense.

Send me 60 of your btc as collateral, and I will give you the 50btc loan for 10% interest.

When you repay the loan, I will send the 60btc back to you untouched - same as if you held them.

[Glucose]

Hello EcuaMobi and thanks for your reply. As i mentioned i am interested in settling the loan in switzerland. Under swiss law the lender is very good protected against an default. As a collateral i would guarantee with shares of a big swiss company. I will pay the amount partly with my own btc and partly with the loan. So the intention is not diminishing my btc stash to much and not liquidating my stocks since that would be not a good idea now. Thats exactly why a loan makes so much sense here.
Have a great day

Shares in which swiss company ?

[BurgerKill]

this is lol ever i seen , if you cant buy something with your money , would be better doing nothing than you have to beg the heavy loan like this , im sure no one will give you dat bitcoin much.

[bitprosperity]

this is lol ever i seen , if you cant buy something with your money , would be better doing nothing than you have to beg the heavy loan like this , im sure no one will give you dat bitcoin much.

Obviously I have got the money but as I mentioned it is invested in the market and it would be dumb to liquidate it for a car since I expect the stockmarket to rise 10% p.a at leastThis is exactly the point of loans.

[/quote]
Shares in which swiss company ?
[/quote]

I have shares in Zurich Insurance company and I am also invested in the market as a whole. Technically speaking in an ETF. An ETF has no counterparty risk while lowering the variance of the whole portfolio since it has a very high diversification (in the SMI here). Since we see an increased quantitative easing and negative interest rates in europe I expect the market to rise at least 10% p.a. So you now see why this is a win-win situation.
The ETF is issued by UBS and traded on the SIX swiss exchange. You can check further details here:
http://www.six-swiss-exchange.com/funds/security_info_en.html?id=CH0017142719CHF4
Of course the car itself would be also an option for a collateral.

Have a great day