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Author Topic: Looking for 2 BTC loan (with some collateral).  (Read 397 times)
spartak_t (OP)
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April 26, 2015, 07:53:55 AM
Last edit: April 27, 2015, 07:24:18 AM by spartak_t
 #1

Hello,

I need 2 BTC, which I intend to use for short-term speculation on some coins. Basically, I have more than that, but thing is that I am following mostly alts and I must sell one of them at a price, which I currently don't like in order to get those 2 BTC. The other problem is that I am working with investor and I can use only part of my % of the profit as collateral. Therefore at the moment I can offer up to 63k VIA (Viacoin) as collateral and my word that you are not going to be scammed.

Details:
- I need it for up to ~1 month (it can be returned earlier)
- It will be repaid only with BTC or LTC (rate will be calculated at the moment of the repayment).
- It must be from a trusted member, because I want those VIA back no matter what happens.
- Can't say anything about interest, because it is my first time to ask for a loan, so you can make your offers (with % of interest) if you are interested.

Best regards,
Spartak

EDIT: Talked with my investor and decided to sell part of my altcoins so I don't need those 2 BTC anymore. Thanks.

EcuaMobi
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April 26, 2015, 01:44:48 PM
Last edit: April 26, 2015, 02:22:37 PM by EcuaMobi
 #2

I see VIA is not very stable, currently ranging between 2600 and 2700 satoshis. At that price 63k VIA are about 1.6 or 1.7 BTC, not enough as collateral for a 2BTC loan. Normally you need to cover about 110% of the loan (+interest). That increases if using an unstable altcoin.  

I could give this loan if you give at least 92k VIA (which can be held by an escrow if you prefer) and we include a condition that the escrow or I can sell it if the price of VIA goes down so that it's worth less than 110% of the loan plus interest. You'd need to send more collateral or repay part of the loan to prevent the VIA from being sold in that case. I would also need the loan to be fixed in BTC, regardless of its rate (I'm not sure if you specify otherwise in your second point). If somethingt like that is agreeable contact me to specify all the details and conditions.

Update: Considering the volume of VIA I decided to withdraw my offer. I'm sorry about that.
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