420's Non-Ponzi Loans & LiteCoin Options (Lend to me, or Get a loan, Calls/Puts)

[cptmooseinc]

I may be interested in a 1 year option contract to buy @ 0.25 for a larger amount of coins.

Thoughts?

Scott J,

By my calculations, a 1 year contract @ a $.25 strike would cost $.062/LTC upfront. If you wanted to do a larger amount of coins (let's say 10,000LTC), this would mean a $620 upfront fee, as LTC is very near the money. This means your break-even price is $.312/LTC before you make any money. Even if I drop an estimated 80% volatility down to 70%, this still puts out a fee of $.054/LTC. As LTC has been on a tear recently, it doesn't benefit you very much either way. Realistically, the first price is more true though.

Also, by my calculations, if this contract were to happen, 420 could use the funds to establish an additional 2800LTC position (at a $.22 average cost estimate) and back your contract by 1/3rd already. So that's a plus for him.

[cptmooseinc]

420 should take the funds he has borrowed now and sit on them for awhile and make some money trading. Don't bite off more than you can chew man. (;

[420]

420 should take the funds he has borrowed now and sit on them for awhile and make some money trading. Don't bite off more than you can chew man. (;

I just wanted $500 more, just $500 more!

[jasinlee]

Looking for an option for about 3 months so Jun 1st would be fine and for 5000 LTC.

[420]

Looking for an option for about 3 months so Jun 1st would be fine and for 5000 LTC.

what price?

$0.35 strike price for $0.023 fee per LTC thats $115 GOX USD if you like to buy

[jasinlee]

Alright, send me an address, I will send it via btc.

[420]

Alright, send me an address, I will send it via btc.

Received 2.40583 looks like using a price of $47.80

jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC

[jasinlee]

Alright, send me an address, I will send it via btc.

Received 2.40583 looks like using a price of $47.80

jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC

Confirmed. Thank you 420.

[420]

Alright, send me an address, I will send it via btc.

Received 2.40583 looks like using a price of $47.80

jasinlee is now in an ltc contract expiring June 9th 2013 EST end of day to purchase 5,000 LTC
Let's say 5 contracts of 1,000 LTC that you'd have to purchase 1,000 LTC increments
Price is $0.35 per LTC

Confirmed. Thank you 420.

good doing business

*updated OP

[maxcarjuzaa]

I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).

Thank you
Max

[420]

I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).

Thank you
Max

as per your message in BTC-e chat you say 977.21 LTC is the value of your contract

(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))

so I'm PM'ing a code for 977.21 LTC

[maxcarjuzaa]

I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).

Thank you
Max

as per your message in BTC-e chat you say 977.21 LTC is the value of your contract

(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))

so I'm PM'ing a code for 977.21 LTC

LTC recieved,
TY

[420]

I would like to excersice the rest of my contract as long as LTC stays above 0.34 (please do not liquidate if price go under that).

Thank you
Max

as per your message in BTC-e chat you say 977.21 LTC is the value of your contract

(1,500 less 520 soemthing LTC is about $180 worth which is how much you were to pay me, ($0.12x1,500))

so I'm PM'ing a code for 977.21 LTC

LTC recieved,
TY

Thanks for confirming

[420]

If anyone thinks I'm going to take on too many loans than I can handle; bet on it

I put over $80 that I'm not:

http://betsofbitco.in/item?id=1315

This is specifically directed toward mlawrence and partially to Eisenhower34 & poly

[Eisenhower34]

Im not even partially interested in this. You already have now too many liabilities for your repuation.

If you had maken a bet something like "420 doesnt take any more loans (not a single usd / BTC / LTC contract) and doesnt default in the next 12 months" I would have bet $80 against your $80.

[Vod]

If anyone thinks I'm going to take on too many loans than I can handle; bet on it

I put over $80 that I'm not:

http://betsofbitco.in/item?id=1315

This is specifically directed toward mlawrence and partially to Eisenhower34 & poly

"Only the dollar loans will be counted."
That doesn't stop you from taking out loans of thousands of coins.  Just cash.  

Oh wow - you put up $80.   That also won't stop you from running away with thousands or tens of thousands of dollars, will it?

Part of the trust building phase of your Ponzi.

[Jenger]

Just curious here..

Is a PONZI illegal if its done with bit coin? I dont understand why HYIP sites arn't really integrated with btc. Even if it's illegal, who comes after you? It seems like btc is prime for scams.

[Vod]

I have received a threat from 420 that unless I stop warning people about his Ponzi, he will flood my inbox with SPAM.   

I just wanted to point out to those paying attention that I only post in this thread occasionally with new information, unless a post is directed at me.  I am not flooding this public thread with useless posts and I will not cease helping out new users, even under threat.

Thank you.

[420]

I have received a threat from 420 that unless I stop warning people about his Ponzi, he will flood my inbox with SPAM.    

I just wanted to point out to those paying attention that I only post in this thread occasionally with new information, unless a post is directed at me.  I am not flooding this public thread with useless posts and I will not cease helping out new users, even under threat.

Thank you.

I sent him a bet link that's relevant to the ponzi talk he's been posting in my thread;

you won't get another PM from me asshole. I messaged Theymos as well

GOOD DAY!

[Vod]

I wasn't spamming your thread.  READ THE DEFINITION OF SPAM.

This is specifically directed toward mlawrence and partially to Eisenhower34 & poly

You posted a message and bolded the fact it was directed at me.  I replied.  How was that spam, scammer?