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Author Topic: Looking for 2000 LTC loan (2200 back in 1 mon); will also consider other altcoin  (Read 907 times)
ThaddeusB
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January 26, 2013, 05:20:58 AM
 #1

Hello,

I am looking for a 2000 LTC loan.  I will repay 2200 LTC after 30 days, or can negotiate other terms that the lender prefers.

I have already repaid a 10 BTC loan (https://bitcointalk.org/index.php?topic=133322.0).  At current rates, this loan would be smaller than that one in dollar/BTC terms.  See the first post of that thread for other reasons to trust me.

Funds will be used to trade LTC on the various exchanges.  My strategy will be a combination of arbitrage situations, market making, and day trading.  I have successfully traded stocks for 10+ years, so have a good idea what I am doing. Smiley  In the worst case scenario that I somehow lose all the coins, I can easily repay from my USD (or BTC) assets even if LTC were to somehow go to several dollars per coin.

I would also consider taking loans in other altcoins with similar loan terms for the same purpose.  

Post or PM any questions,
Thaddeus
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hathmill
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January 26, 2013, 06:36:52 AM
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Hmm already enough funds to buy 2000 LTC but want to lend it instead.... Hmm could it be that you want to go short LTC? Hmmm  Wink. Sorry I do not want to help driving down price of LTC, but I wish you good luck in your trading!
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January 26, 2013, 06:24:07 PM
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Hmm already enough funds to buy 2000 LTC but want to lend it instead.... Hmm could it be that you want to go short LTC? Hmmm  Wink. Sorry I do not want to help driving down price of LTC, but I wish you good luck in your trading!

Actually I'd prefer to keep my BTC for BTC trading.  A sale of 2000 LTC at market would drop it precisely 0.00001 BTC at present, so I don't think 2k can have any real effect on market prices.
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January 26, 2013, 06:34:26 PM
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Hmm already enough funds to buy 2000 LTC but want to lend it instead.... Hmm could it be that you want to go short LTC? Hmmm  Wink. Sorry I do not want to help driving down price of LTC, but I wish you good luck in your trading!

Actually I'd prefer to keep my BTC for BTC trading.  A sale of 2000 LTC at market would drop it precisely 0.00001 BTC at present, so I don't think 2k can have any real effect on market prices.

well put +1
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January 26, 2013, 10:58:22 PM
 #5

Hello,

I am looking for a 2000 LTC loan.  I will repay 2200 LTC after 30 days, or can negotiate other terms that the lender prefers.

I have already repaid a 10 BTC loan (https://bitcointalk.org/index.php?topic=133322.0).  At current rates, this loan would be smaller than that one in dollar/BTC terms.  See the first post of that thread for other reasons to trust me.

Funds will be used to trade LTC on the various exchanges.  My strategy will be a combination of arbitrage situations, market making, and day trading.  I have successfully traded stocks for 10+ years, so have a good idea what I am doing. Smiley  In the worst case scenario that I somehow lose all the coins, I can easily repay from my USD (or BTC) assets even if LTC were to somehow go to several dollars per coin.

I would also consider taking loans in other altcoins with similar loan terms for the same purpose.  

Post or PM any questions,
Thaddeus

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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January 26, 2013, 11:20:48 PM
 #6

Hello,

I am looking for a 2000 LTC loan.  I will repay 2200 LTC after 30 days, or can negotiate other terms that the lender prefers.

I have already repaid a 10 BTC loan (https://bitcointalk.org/index.php?topic=133322.0).  At current rates, this loan would be smaller than that one in dollar/BTC terms.  See the first post of that thread for other reasons to trust me.

Funds will be used to trade LTC on the various exchanges.  My strategy will be a combination of arbitrage situations, market making, and day trading.  I have successfully traded stocks for 10+ years, so have a good idea what I am doing. Smiley  In the worst case scenario that I somehow lose all the coins, I can easily repay from my USD (or BTC) assets even if LTC were to somehow go to several dollars per coin.

I would also consider taking loans in other altcoins with similar loan terms for the same purpose.  

Post or PM any questions,
Thaddeus

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

+1 OP makes no sense. Claims to have a successful track record of trading 10+ years but can't dish out ~$130 to buy 2000 LTC. Explanation?

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ThaddeusB
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January 27, 2013, 01:54:40 AM
 #7

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

+1 OP makes no sense. Claims to have a successful track record of trading 10+ years but can't dish out ~$130 to buy 2000 LTC. Explanation?

Getting funds into BTC-e is not free in terms of time, effort, or even money.  It's more economical to me to pay ~$13 of interest than go through the hassle and expense of buying in directly.  In addition, dealing directly in LTC protects me against exchange rate risk.

Like I said in the linked post, I am happy to provide proof $50k of online assets if a lender desires. 
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January 27, 2013, 01:58:53 AM
 #8

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

+1 OP makes no sense. Claims to have a successful track record of trading 10+ years but can't dish out ~$130 to buy 2000 LTC. Explanation?

Getting funds into BTC-e is not free in terms of time, effort, or even money.  It's more economical to me to pay ~$13 of interest than go through the hassle and expense of buying in directly.  In addition, dealing directly in LTC protects me against exchange rate risk.

Like I said in the linked post, I am happy to provide proof $50k of online assets if a lender desires. 


thinking about it

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January 27, 2013, 02:25:03 AM
 #9

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

+1 OP makes no sense. Claims to have a successful track record of trading 10+ years but can't dish out ~$130 to buy 2000 LTC. Explanation?

Getting funds into BTC-e is not free in terms of time, effort, or even money.  It's more economical to me to pay ~$13 of interest than go through the hassle and expense of buying in directly.  In addition, dealing directly in LTC protects me against exchange rate risk.

Like I said in the linked post, I am happy to provide proof $50k of online assets if a lender desires. 

Getting BTC into BTC-e takes about 90minutes max.


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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
ThaddeusB
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January 27, 2013, 11:35:13 PM
 #10

I'm just curious. If you have been 'successfully' trading stocks for 10 years.....  dont you  have 125usd to buy 2000 ltc's ?

+1 OP makes no sense. Claims to have a successful track record of trading 10+ years but can't dish out ~$130 to buy 2000 LTC. Explanation?

Getting funds into BTC-e is not free in terms of time, effort, or even money.  It's more economical to me to pay ~$13 of interest than go through the hassle and expense of buying in directly.  In addition, dealing directly in LTC protects me against exchange rate risk.

Like I said in the linked post, I am happy to provide proof $50k of online assets if a lender desires. 

Getting BTC into BTC-e takes about 90minutes max.



Like I said, I want to keep my BTC for BTC trading... and buying more BTC certainly is not hassle free, at least in my experience.

Anyway, I received the requested loan via PM, so I'm good for now unless someone wants to lend me a different altcoin.

Thanks,
Thaddeus
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January 28, 2013, 01:46:53 PM
 #11

A bit late but ThaddeusB's previous loan with me went well.. Vouch.
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March 12, 2013, 03:16:28 PM
 #12

I was the lender in this case.  I can vouch that the loan has been repaid.
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