Bitcoin Forum
December 18, 2017, 09:09:50 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: BTCJam Hedge Loan  (Read 965 times)
LoweryCBS
Sr. Member
****
Offline Offline

Activity: 364


firstbits 1LoCBS


View Profile
March 20, 2013, 08:15:40 PM
 #1

https://btcjam.com/listings/2638

As explained in the listing, funds will be used to hedge some illiquid BTC positions to offset exposure until those trades are closed.

(Essentially, I'm offering to pay 5%/month to short USD)

If this process functions as planned I'll offer more listings in this series, with some pegged to MtGoxUSD and others denominated in BTC as needed.

1513631390
Hero Member
*
Offline Offline

Posts: 1513631390

View Profile Personal Message (Offline)

Ignore
1513631390
Reply with quote  #2

1513631390
Report to moderator
1513631390
Hero Member
*
Offline Offline

Posts: 1513631390

View Profile Personal Message (Offline)

Ignore
1513631390
Reply with quote  #2

1513631390
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513631390
Hero Member
*
Offline Offline

Posts: 1513631390

View Profile Personal Message (Offline)

Ignore
1513631390
Reply with quote  #2

1513631390
Report to moderator
1513631390
Hero Member
*
Offline Offline

Posts: 1513631390

View Profile Personal Message (Offline)

Ignore
1513631390
Reply with quote  #2

1513631390
Report to moderator
1513631390
Hero Member
*
Offline Offline

Posts: 1513631390

View Profile Personal Message (Offline)

Ignore
1513631390
Reply with quote  #2

1513631390
Report to moderator
Eisenhower34
Legendary
*
Offline Offline

Activity: 894



View Profile
March 20, 2013, 09:49:03 PM
 #2

Interesting... sad i dont like BTCJam...

Maybe you post some links to some threads for reputation because me (and maybe the rest too) only know your name out of this loan section.
LoweryCBS
Sr. Member
****
Offline Offline

Activity: 364


firstbits 1LoCBS


View Profile
March 20, 2013, 10:35:42 PM
 #3

Interesting... sad i dont like BTCJam...

Maybe you post some links to some threads for reputation because me (and maybe the rest too) only know your name out of this loan section.

I'm usually a lender, not a borrower, so rep is just that. You and I have had this discussion via PM before, remember? I put you in contact with a (confidential) seller of many thousand$ of BTC for CitM that vouched for me. Any additional vouches will come from folks that owe me, rather than anyone I've paid back.

I've got several times this amount in MPOE bonds, for example. I could GPG sign with the private key for the funding addresses of those notes. But this is merely an experiment in hedging and arbitrage.

For you, Eisenhower, I'd send you my dox (but I do understand that you're not a fan of BTCJam).

Eisenhower34
Legendary
*
Offline Offline

Activity: 894



View Profile
March 21, 2013, 07:41:00 AM
 #4

Yeah found it in my messagebox, and regarding BTCJam, sorry neither do I like MPOE.
Any loans from reputational borrowers you could kick in as collateral?
Projects
Hero Member
*****
Offline Offline

Activity: 518


View Profile
March 21, 2013, 09:06:12 AM
 #5

I can vouch for LoweryCBS - I have done many thousands (tens of thousands) of dollars worth of trades in both BTC and otherwise.
He is also an investor in my business and if it helps your decision he could use one of my notes as collateral - however I know he will not default so this will not be necessary. Just saying it is OK with me.

Buying Bitcoins for cash or gold/silver bullion many methods to pay you - pm me for more information
Bank transfer, Cash, Postal Order, Western Union, MoneyGram, SEPA, Amazon & More  - Worldwide Transfers Available
*NEW* BTC for Citibank P2P transfers - USD/EUR please pm me for more information
TradeFortress
VIP
Legendary
*
Offline Offline

Activity: 910


View Profile
March 21, 2013, 09:16:01 AM
 #6

LoweryCBS is the person I'd trust the most in the lending section.

I can insure repayments for 1% - PM if interested.
Eisenhower34
Legendary
*
Offline Offline

Activity: 894



View Profile
March 21, 2013, 09:34:04 AM
 #7

Then I can offer 1000 EUR @ 6% interest (1% extra for the insurance with TradeFortress) via MtGoxEur (MtGoxEur because Mtgox will soon stop their MtGoxUSD redeemable codes, so I guess MtGoxEUR codes will still work?)
Projects
Hero Member
*****
Offline Offline

Activity: 518


View Profile
March 21, 2013, 09:41:49 AM
 #8

Then I can offer 1000 EUR @ 6% interest (1% extra for the insurance with TradeFortress) via MtGoxEur (MtGoxEur because Mtgox will soon stop their MtGoxUSD redeemable codes, so I guess MtGoxEUR codes will still work?)

As far as I am aware Eisenhower it will work for us because we are European - but I think Americans will no longer have access to any currency on mtgox - at least that is how I read it I may be wrong

Buying Bitcoins for cash or gold/silver bullion many methods to pay you - pm me for more information
Bank transfer, Cash, Postal Order, Western Union, MoneyGram, SEPA, Amazon & More  - Worldwide Transfers Available
*NEW* BTC for Citibank P2P transfers - USD/EUR please pm me for more information
TradeFortress
VIP
Legendary
*
Offline Offline

Activity: 910


View Profile
March 21, 2013, 09:51:22 AM
 #9

Mt Gox EUR codes should still work. Also one thing I should add is if the insurance on 1050 EUR is paid out, then the debt will belong to me (ie you can't get 2100 EUR if LoweryCBS pays back later).
LoweryCBS
Sr. Member
****
Offline Offline

Activity: 364


firstbits 1LoCBS


View Profile
March 21, 2013, 12:23:15 PM
 #10

Then I can offer 1000 EUR @ 6% interest (1% extra for the insurance with TradeFortress) via MtGoxEur (MtGoxEur because Mtgox will soon stop their MtGoxUSD redeemable codes, so I guess MtGoxEUR codes will still work?)

That's an interesting offer (and in the future it might be handy for some operations I'm considering that are actually EUR based) but for this experiment I'd rather have the capital to simply move back and forth between BTC and USD to balance and hedge. As I'm US based, I'm also not sure exactly what the MtGox-US thing is going to mean for me (and my books)

(thank you TradeFortress and Projects for the vouches)

I like the way you approach business, Eisenhower34 - we'll be working together on some things eventually.

For now, I'll let the BTCJam loan be the method for this project. If it fails to fund, I'll reevaluate.
Eisenhower34
Legendary
*
Offline Offline

Activity: 894



View Profile
March 21, 2013, 12:45:26 PM
 #11

@TradeFortress, thats what I expected.

I like the way you approach business, Eisenhower34 - we'll be working together on some things eventually.
For now, I'll let the BTCJam loan be the method for this project. If it fails to fund, I'll reevaluate.

ok
LoweryCBS
Sr. Member
****
Offline Offline

Activity: 364


firstbits 1LoCBS


View Profile
March 24, 2013, 01:37:48 PM
 #12

While I haven't really worked through #Bitcoin-OTC in the past, I've registered with WOT and asked those who've done business with me in the past to leave feedback:

http://bitcoin-otc.com/viewratingdetail.php?nick=LoweryCBS&sign=ANY&type=RECV

As more ratings come in, it should become obvious that my listings are a good investment  Smiley
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!