Question about Valid Collateral

[Pamadar]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Hero or legendary account is a type of valid collateral considering that no many such accounts are existing at the moment. For the low level member accounts, altcoins are the best provided collateral. Most of lenders require the altcoins be listed at the major exchhanges and have high trading volume in case of liquidation. The high volatility may be a concern. The lenders could ask for 30%, 40% or more than the loan. In case the value of collateral drops down from the loan amount, lenders could set the rule asking to add more collateral.

Not many hero or legendary account holders ask for loans these days. The loan amounts are usually small. So lower rank accounts might be appropriate. The lender should ask for more than the loan amount for the collateral.

[YoonYeonghwa]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Hero or legendary account is a type of valid collateral considering that no many such accounts are existing at the moment. For the low level member accounts, altcoins are the best provided collateral. Most of lenders require the altcoins be listed at the major exchhanges and have high trading volume in case of liquidation. The high volatility may be a concern. The lenders could ask for 30%, 40% or more than the loan. In case the value of collateral drops down from the loan amount, lenders could set the rule asking to add more collateral.

Not many hero or legendary account holders ask for loans these days. The loan amounts are usually small. So lower rank accounts might be appropriate. The lender should ask for more than the loan amount for the collateral.

I think so. Bitcoin price is too volatile. Borrowing a bitcoin loan is too risky. Let's take an example, for 0.1 BTC loan with 10% interests. By the day of 7 days repayment deadline, you find bitcoin price increase 10%. You realises you have to pay 20% of initial loan amount in terms of fiat money.

[Amph]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there are no stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

[XinXan]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

From the stickied post on the Lending section:

What is good collateral for a loan? (From best to worst)

#1: Alternate stable and well acknowledged cryptocurrencies
#2: Securities and shares such as TAT.ASICMINER
#3: Anything that can be traded in somewhere for a secure cash/Bitcoin value quickly
#4: Physical items such as an iPad

As I said altcoins are the best collateral, btc accounts are good too but I'm sure any lender would accept altcoins before btc accounts.

[ranochigo]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

[Amph]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

it depend what account was sold for 0.15 at first if it has good quality post and trust and stuff like that, also if it was banned etc...

there are many factor that need to be taken into account, also if you think about it they have the same value in fiat because bitcoin increased in price, so...

[ranochigo]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

it depend what account was sold for 0.15 at first if it has good quality post and trust and stuff like that, also if it was banned etc...

there are many factor that need to be taken into account, also if you think about it they have the same value in fiat because bitcoin increased in price, so...

Yes, quality is important. However, if you look around, there is almost no one that is willing to give a fiat tied loan in Bitcoin due to this exact reason. When people loan Bitcoin, they expect the same or more Bitcoin back. That's the same for collateral, that's why people request for something that is of much higher value than the loan amount itself. And with more accounts in circulation, the price is bound to decrease soon enough.

[Amph]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

it depend what account was sold for 0.15 at first if it has good quality post and trust and stuff like that, also if it was banned etc...

there are many factor that need to be taken into account, also if you think about it they have the same value in fiat because bitcoin increased in price, so...

Yes, quality is important. However, if you look around, there is almost no one that is willing to give a fiat tied loan in Bitcoin due to this exact reason. When people loan Bitcoin, they expect the same or more Bitcoin back. That's the same for collateral, that's why people request for something that is of much higher value than the loan amount itself. And with more accounts in circulation, the price is bound to decrease soon enough.

yeah but what i mean is that the value of the account is lower, because the value of bitcoin increased, which is the same that happened for every signature campaign

[equator]

the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today

Your personal opinion doesn't matter man, stable altcoins are considered as the best form of collateral, you would need to use 110-120% of the value of the loan but anyone would accept altcoins before btc accounts or other type of digital goods, inform yourself better please.

there ar eno stable altcoin, they are all more unstable than bitcoin itself, which is already a risk if you want collateral for a long time

instead an account always retain it's value no matter how time will pass, an hero account could have been sold for 0.5 1 year ago and can be sold still for 0.5 today

Nope. Accounts were sold mostly for 0.15BTC for full member last year and is worth less than 0.08BTC now. It changes mostly with Bitcoin price and the amount of signature campaign that is currently there.

it depend what account was sold for 0.15 at first if it has good quality post and trust and stuff like that, also if it was banned etc...

there are many factor that need to be taken into account, also if you think about it they have the same value in fiat because bitcoin increased in price, so...

Yes, quality is important. However, if you look around, there is almost no one that is willing to give a fiat tied loan in Bitcoin due to this exact reason. When people loan Bitcoin, they expect the same or more Bitcoin back. That's the same for collateral, that's why people request for something that is of much higher value than the loan amount itself. And with more accounts in circulation, the price is bound to decrease soon enough.

yeah but what i mean is that the value of the account is lower, because the value of bitcoin increased, which is the same that happened for every signature campaign

i think both of yours point are correct on your part because due to increase in accounts and sales and rise in bitcoin price and lower post rate in signature campaign due to rise in bitcoin price are also the reason for the lower value of the account selling. but then also if anyone dont have higher account and if they got bitcoin with them, then they can think of investing in this high rank account purchasing and doing signature campaign and earn back the purchase amount from the account which is purchase.

[HeroCat]

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception. 

[mandica]

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception. 

There are so many altcoins, do you have to create wallet for all the altcoin you want to accept as collateral?

[ranochigo]

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception. 

There are so many altcoins, do you have to create wallet for all the altcoin you want to accept as collateral?

Lenders generally accept only bigger alt coins like Litecoin since it has low volatility. Lenders can choose to accept other coins but most would just place them at exchanges and request a much higher collateral value.

[XinXan]

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception. 

There are so many altcoins, do you have to create wallet for all the altcoin you want to accept as collateral?

Lenders generally accept only bigger alt coins like Litecoin since it has low volatility. Lenders can choose to accept other coins but most would just place them at exchanges and request a much higher collateral value.

Afterall if lenders are worried about volatility they shouldn't lend at all because bitcoins have just as much volatility, look at the price, from 200 to 400 and from 400 to 200 again in a matter of days, it's risky.

[mandica]

Valid collateral can be only altcoins. Blog can be collateral only in rare specific cases as an exception. 

There are so many altcoins, do you have to create wallet for all the altcoin you want to accept as collateral?

Lenders generally accept only bigger alt coins like Litecoin since it has low volatility. Lenders can choose to accept other coins but most would just place them at exchanges and request a much higher collateral value.

Afterall if lenders are worried about volatility they shouldn't lend at all because bitcoins have just as much volatility, look at the price, from 200 to 400 and from 400 to 200 again in a matter of days, it's risky.

If the lenders lend in bitcoin and get money back in bitcoin, why should they worry about the volatility?