Option to buy 10,000 LTC

[Scott J]

i'm thinking 5 months for 5,000LTC if you promise to buy; or else risk your reputation
price $0.08 paid in gox usd. which means 1.5% less btc-e usd...

for the OPTION to buy I'll do the same price deal with an upfront fee of 10% additional.
0.08 * 0.10 = 0.008 * 5,000 = $40

I realize how poor a deal I got with smoothie; but anyway that will keep me hedged and gain me reputation

But this deal here won't last long either; or if I offer to everyone or get another offer it could be gone

I will however do different deal terms coming up or if you agree now I may be able to work something different for instance increasing the contract from 5k to 10k LTC

Thanks for getting back to me. Let me know what you think of the following proposal:

The first deal - I promise to purchase 5,000 LTC from you for $400, paid via Mt.Gox redeemable code before July 1st 2013

The second deal - I pay you $40 via Mt.Gox redeemable code immediately. In return, you send me 500 LTC. I then have the option to purchase 4,500 LTC from you for $400, at any time before July 1st 2013.

Sometime before July 1st 2013 we will agree on a choice of escrow for the transactions. Should we not be able to agree, a mod/admin will appoint someone.

Sounds good; Only use escrow if you feel necessary. Otherwise I send you LTC after receiving payment. I'm deep enough in LTC to withstand a loss if it 'skyrockets'; but I do very much value my unique username on here that I will keep without a SCAMMER tag under it.

Deal good until Feb 1st 2013. Let me know by then which deal you choose; Can PM me Gox code for deal 2 and I will report it in this thread

To help me decide - would you go for both deals?

I'm leaning towards just the option, but would be worth knowing.

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[1714865941]

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[420]

i may be leaning more to the option as well

but the deals seem quite even to me

[Scott J]

Okay cool, I'll message you in the next few days to finalise this.

We can then confirm everything in this thread.

[Scott J]

Here's our agreement:

LTC Option - I pay you $40 via Mt.Gox redeemable code immediately. In return, you send me 500 LTC. I then have the option to purchase 4,500 LTC from you for $400, at any time before July 1st 2013.

Sometime before July 1st 2013 we will agree on a choice of escrow for the transactions. Should we not be able to agree, a mod/admin will appoint someone.

Please send the first 500 LTC to: LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

[Scott J]

Once you've agreed, I'll send you the MtGox code

[420]

Here's our agreement:

LTC Option - I pay you $40 via Mt.Gox redeemable code immediately. In return, you send me 500 LTC. I then have the option to purchase 4,500 LTC from you for $400, at any time before July 1st 2013.

Sometime before July 1st 2013 we will agree on a choice of escrow for the transactions. Should we not be able to agree, a mod/admin will appoint someone.

Please send the first 500 LTC to: LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

Agree

[Scott J]

Here's our agreement:

LTC Option - I pay you $40 via Mt.Gox redeemable code immediately. In return, you send me 500 LTC. I then have the option to purchase 4,500 LTC from you for $400, at any time before July 1st 2013.

Sometime before July 1st 2013 we will agree on a choice of escrow for the transactions. Should we not be able to agree, a mod/admin will appoint someone.

Please send the first 500 LTC to: LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

Agree

Great, thanks.

Sending code now

[420]

Here's our agreement:

LTC Option - I pay you $40 via Mt.Gox redeemable code immediately. In return, you send me 500 LTC. I then have the option to purchase 4,500 LTC from you for $400, at any time before July 1st 2013.

Sometime before July 1st 2013 we will agree on a choice of escrow for the transactions. Should we not be able to agree, a mod/admin will appoint someone.

Please send the first 500 LTC to: LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

Agree

Great, thanks.

Sending code now

Received $40 code

Sent 500 LTC: LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

http://explorer.litecoin.net/address/LNqrAiDpbcrht8zQ3f8sxqKBi6jCwPjnPj

[Scott J]

Received, thank you.

[smoothie]

420 nice deal you got going on hehe...

we are still locked in though. Happy trading!

[420]

420 nice deal you got going on hehe...

we are still locked in though. Happy trading!

yup. you're both in my clutches

[BlackBison]

Is the 4500LTC held in escrow right now?

[Scott J]

Nope, I decided not to insist on escrow. 420 seems like a good guy.

[crazy_rabbit]

Nope, I decided not to insist on escrow. 420 seems like a good guy.

I'm sure this will end well...

[420]

Nope, I decided not to insist on escrow. 420 seems like a good guy.

I'm sure this will end well...

it will

[cptmooseinc]

420 is pretty deep in LTC from what I can tell. I don't think you have to worry. :p

[420]

I've extended my availability for offers on LTC contracts; its on a person to person basis you can make an offer; I'd like some similar to cptmooseinc's offer. You can pay me with a loan or with a small option fee to gain the option to buy future LTC at a set price above current price (for people who think LTC will gain in value a lot)

https://bitcointalk.org/index.php?topic=145492.msg1543691#msg1543691

[420]

Option has been exercised by Scott J and everyone involved is satisfied:

https://bitcointalk.org/index.php?topic=145492.msg1593594#msg1593594