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Author Topic: USD $4000 Loan in BTC  (Read 626 times)
Scott J
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April 02, 2013, 04:00:59 PM
 #1

Hello,

I'm seeking a $4,000 USD loan, funded in BTC in order to exercise my option here:

https://bitcointalk.org/index.php?topic=164479.0

LTC has gone up far quicker than I anticipated, so I don't have the funds available at the moment. However, I do not want to miss this opportunity! gusti is currently in the process of preparing his cold wallet. 

Me and gusti have agreed to do partial transactions without escrow (1 BTC at a time) so there will be very little risk here. The lender can send the BTC straight to gusti incrementally if they would like. 

I will repay the loan almost immediately - if you would like it in LTC that would be easiest(!), though willing to trade back to BTC, then make payment that way.

I've messaged Blazr about this as I think he could be interested, but he's been offline for a couple of days.

Many thanks  Smiley

Previous loans/trades here:

https://bitcointalk.org/index.php?topic=149699.0
https://bitcointalk.org/index.php?topic=115892
https://bitcointalk.org/index.php?topic=75898.0
https://bitcointalk.org/index.php?topic=78592.0
https://bitcointalk.org/index.php?topic=96545
https://bitcointalk.org/index.php?topic=134712.0

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cptmooseinc
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April 02, 2013, 04:30:21 PM
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Let him keep 1K LTC (@$4/each) or whatever the price is upon execution (adjust the number of LTC to equal $4k). Then he can send you 1k LTC only and keep the rest. His choice to sell them or not to equal $4k in USD. Depends if he's bullish or bearish on the current skyrocketing of the price. Either way, it's fair if he'd accept terms as such.

The Moose's Tip Jar: BTC - 1HoTm9ZqrEmD5Tvs5qAdPM311agyN3eHra
LTC - LPg9svS4dcK5Kzy6HUoef8icrnDxED3ZVA
Scott J
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April 02, 2013, 04:35:41 PM
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Let him keep 1K LTC (@$4/each) or whatever the price is upon execution (adjust the number of LTC to equal $4k). Then he can send you 1k LTC only and keep the rest. His choice to sell them or not to equal $4k in USD. Depends if he's bullish or bearish on the current skyrocketing of the price. Either way, it's fair if he'd accept terms as such.
Thanks for the suggestion, this is pretty much the agreement we've come to.

I'll update this thread when the transaction is complete.

It's pretty nerve wracking when the price is so volatile!

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April 02, 2013, 11:15:37 PM
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Transaction complete - no need for the loan now Smiley

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