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Author Topic: Looking for 0.9BTC loan. have collateral.  (Read 922 times)
YoMaYo (OP)
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March 30, 2016, 08:21:06 AM
 #1

Hi.
I need a loan of 0.9BTC for 21day (3weeks)
I will pay 12% interest.
My collateral : 20100 Yovi coins
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mocacinno
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March 30, 2016, 08:24:07 AM
 #2

Hi.
I need a loan of 0.9BTC for 21day (3weeks)
I will pay 12% interest.
My collateral : 20100 Yovi coins

20100 YOVI would have been acceptable collateral if there was enough being traded.
At the moment, the total of all BUY orders for YOVI is under 70 YOVI. So in case you defaulted, it would take the lender ages to sell all those coins in order to recuperate their loss. If he would fulfill all the current buy orders, he would make less than 0.1BTC back  Sad

Face it, i've bought some YOVI to, and i had to sell them at a big loss.

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YoMaYo (OP)
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March 30, 2016, 08:27:11 AM
 #3

20100 Yovi is worth around 26BTC
So be confident I will pay  to get my Yovi back.
It's worth much more than I ask.
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March 30, 2016, 08:31:18 AM
 #4

20100 Yovi is worth around 26BTC
So be confident I will pay  to get my Yovi back.
It's worth much more than I ask.

You seem very certain, i wish you good luck in finding a lender...

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YoMaYo (OP)
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March 30, 2016, 08:38:14 AM
 #5

Looking forward for your offers.
Collateral would be held @ escrow
YoonYeonghwa
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March 30, 2016, 09:05:38 AM
 #6

Wow, that is a lot... Good luck in finding a lender, that is like 400 dollars...

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March 30, 2016, 09:14:26 AM
 #7

Seem lke ou are only trying to get rid of your yovi coins. I saw someone also selling 20k Yovi coins yesterday on the currency exchange section and no one is trading with him so I am assuming that it is the same person who is behind this account. Yovi is a ROM and also your value of coins is too high, you cannot sell yovi right now with the current market rules which really sucks. Goodluck finding someone who will want to accept this scam coin.
YoMaYo (OP)
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March 30, 2016, 09:22:05 AM
 #8

Scam coin?
geopolisch
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March 30, 2016, 09:26:31 AM
 #9

Scam coin?

The coin is obviously dead. Yobit is not doing anything to live up the market anymore.
YoMaYo (OP)
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March 30, 2016, 09:57:37 AM
 #10

YOVI is not a scam
xinzark
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March 30, 2016, 12:37:49 PM
 #11

Yovi coin is already dead. You saw the 24hour trade volume, that's 0.02 btc only
So its crystal clear that the coin is dead with no interest in trading

YOVI is not a scam

Well yeah it's not but it's DEAD
YoMaYo (OP)
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March 30, 2016, 12:43:52 PM
 #12

Yovi coin is already dead. You saw the 24hour trade volume, that's 0.02 btc only
So its crystal clear that the coin is dead with no interest in trading

YOVI is not a scam

Well yeah it's not but it's DEAD
So you want to say that 20k Yovi I have holds no value today?
Quickseller
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March 30, 2016, 12:44:53 PM
 #13

https://bitcointalk.org/index.php?topic=1416783.0

My understanding is that this is basically a failed coin that was just another altcoin scam. Please keep your altcoin drama elsewhere. Thank you.
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March 30, 2016, 12:58:32 PM
 #14

Yovi coin is already dead. You saw the 24hour trade volume, that's 0.02 btc only
So its crystal clear that the coin is dead with no interest in trading

YOVI is not a scam

Well yeah it's not but it's DEAD
So you want to say that 20k Yovi I have holds no value today?


It holds if it can be easily sold on the market
Current yovi coins value is 0.0013 btc so your 20100 coins value is 26.13 btc which is 29 times bigger than what you are asking for
If it holds some value you would have sold some part of it instead of asking for loan giving out collateral with value of 26 btc

Actually you are answering your own question
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March 30, 2016, 01:09:05 PM
 #15

It does hold --SOME-- value, if you make a sum of all the BUY orders currently on YOBIT, you see the total is 0.10244642.
If i'm informed correctly, the problem with this coins is that you're not allowed to sell your YOVI unless you sell it at at least 0.00001 YOVI higher than the current price, but only 0.01BTC worth of YOVI can be sold at any specific price.

At the moment, all pricepoints under 0.001715 are taken.
At 0.001715 BTC/YOVI, you're allowed to sell around 0.2 YOVI
At 0.001735 BTC/YOVI you're allowed to sell less than 0.01 YOVI
...

Even then, at the current trade volume of 0.02 BTC/24hrs, it'll take the lender months, years, (never),... before he gets his slot for selling off his collateral in case you default.

I feel bad for you... I fell in the same trap, but eventough your YOVI might not be worthless, they're unsellable  Undecided

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YoMaYo (OP)
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March 30, 2016, 01:52:26 PM
 #16

Thanks for the kind answers folks. I'll keep those coins and will see what's going to be an outcome. I hope I can sell it one day
YoMaYo (OP)
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March 30, 2016, 04:19:59 PM
 #17

I haven't got money elsewhere. Could someone lend me 0.05btc for 48h paying 0.06btc back.
I will leave all those YOVI coins 20,100.0 as collateral.
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March 30, 2016, 04:38:29 PM
 #18

I haven't got money elsewhere. Could someone lend me 0.05btc for 48h paying 0.06btc back.
I will leave all those YOVI coins 20,100.0 as collateral.

What's up with the large setdown from 0.9BTC to 0.05BTC? Sounds to me like you're pretty desperate for any value of bitcoin.

I suggest asking family members for some quick cash.
YoMaYo (OP)
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March 30, 2016, 04:41:18 PM
 #19

I haven't got money elsewhere. Could someone lend me 0.05btc for 48h paying 0.06btc back.
I will leave all those YOVI coins 20,100.0 as collateral.

What's up with the large setdown from 0.9BTC to 0.05BTC? Sounds to me like you're pretty desperate for any value of bitcoin.

I suggest asking family members for some quick cash.
Well I need money and I am up for a loan.
If I could borrow from my family I wouldn't ask
And I have collateral. Don't I?
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March 30, 2016, 04:43:54 PM
 #20

20100 Yovi is worth around 26BTC
So be confident I will pay  to get my Yovi back.
It's worth much more than I ask.

if 20100 yovi worth 26 btc, why arenot you selling some of them to get your 1 btc and asking loans here? its just more easy for you to sell them?!

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