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Author Topic: looking for a loan of 0.5 BTC for 3 days - have collateral  (Read 369 times)
GoldSeal
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October 18, 2016, 03:36:41 AM
 #1

I'm looking to borrow 0.5 BTC for 5 days. I can offer 66m sprouts as collateral. Please offer an interest rate.

Thanks,
GS

Moving to Puerto Rico...
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monbux
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October 18, 2016, 04:18:22 AM
 #2

I'm looking to borrow 0.5 BTC for 5 days. I can offer 66m sprouts as collateral. Please offer an interest rate.

Thanks,
GS
If you are talking about this coin: https://bitcointalk.org/index.php?topic=1103868.0
It seems dead looking at the exchanges - meaning that it will be very hard to liquidate the collateral in case you default.  Therefore, it is not considered a valid collateral.

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GoldSeal
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October 18, 2016, 05:44:16 AM
 #3

I'm looking to borrow 0.5 BTC for 5 days. I can offer 66m sprouts as collateral. Please offer an interest rate.

Thanks,
GS
If you are talking about this coin: https://bitcointalk.org/index.php?topic=1103868.0
It seems dead looking at the exchanges - meaning that it will be very hard to liquidate the collateral in case you default.  Therefore, it is not considered a valid collateral.
, it can still be sold
It's on bittrex with 0 x 1 sat spread which has stalled it last couple weeks. However there are those looking to buy them still privately and on cryptopia for less than 1 sat.

Moving to Puerto Rico...
Naoko
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October 18, 2016, 05:56:32 AM
 #4

I'm looking to borrow 0.5 BTC for 5 days. I can offer 66m sprouts as collateral. Please offer an interest rate.

Thanks,
GS
If you are talking about this coin: https://bitcointalk.org/index.php?topic=1103868.0
It seems dead looking at the exchanges - meaning that it will be very hard to liquidate the collateral in case you default.  Therefore, it is not considered a valid collateral.
, it can still be sold
It's on bittrex with 0 x 1 sat spread which has stalled it last couple weeks. However there are those looking to buy them still privately and on cryptopia for less than 1 sat.

"This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, October 21st 2016 unless the average daily trade volume for the last 14 days exceeds 0.3 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874."

so i doubt it will be easy to recover the money of the lender incase you default here, there is even no buy orders so the lender would wait for someone willing to buy a dying coin
GoldSeal
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October 18, 2016, 08:22:55 AM
 #5

I'm looking to borrow 0.5 BTC for 5 days. I can offer 66m sprouts as collateral. Please offer an interest rate.

Thanks,
GS
If you are talking about this coin: https://bitcointalk.org/index.php?topic=1103868.0
It seems dead looking at the exchanges - meaning that it will be very hard to liquidate the collateral in case you default.  Therefore, it is not considered a valid collateral.
, it can still be sold
It's on bittrex with 0 x 1 sat spread which has stalled it last couple weeks. However there are those looking to buy them still privately and on cryptopia for less than 1 sat.

"This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, October 21st 2016 unless the average daily trade volume for the last 14 days exceeds 0.3 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874."

so i doubt it will be easy to recover the money of the lender incase you default here, there is even no buy orders so the lender would wait for someone willing to buy a dying coin

There are other markets on other exchanges. Bittrex is just one. However, thanks for your opinion.

Moving to Puerto Rico...
Doamader
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October 18, 2016, 09:50:36 AM
 #6

Why dont you sell those crypto coins instead for a big ammount here, i dont believe somone will risk their bitcoins within a coin without alsmost no value, soo op you should find a better colateral like your account and reduce the loan ammount.
GoldSeal
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October 18, 2016, 11:02:27 AM
 #7

Found another way. No longer need a loan. Thx for looking though.

Moving to Puerto Rico...
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