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Author Topic: Need 0.04 btc loan [ Altcoins collateral ]  (Read 333 times)
TurbacoLiam
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January 17, 2017, 08:11:20 AM
 #1

Loan amount : 0.04

Repayment : 0.044

time : 1 week

reason : I am trading something, personal sort of.

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

https://novaexchange.com/market/BTC_ICOB/

Need it pretty urgent.
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Vod
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January 17, 2017, 08:13:26 AM
 #2

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

You want people to sell your collateral right away?  Why don't you do that yourself?

I'm into creating universes, smiting people, writing holy books and listening to Prayer Messages (PMs).
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TurbacoLiam
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January 17, 2017, 08:14:17 AM
 #3

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

You want people to sell your collateral right away?  Why don't you do that yourself?

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.
lenoli
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January 17, 2017, 08:20:22 AM
 #4

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

You want people to sell your collateral right away?  Why don't you do that yourself?

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.

if its really true, why arenot you selling this altcoins? just sell it and when you will get btc to pay back, just buy these coins again.

can you explain it?
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January 17, 2017, 08:21:13 AM
 #5

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.

RIGHT NOW.  But they need to wait at least a week before they can sell it.

What will your collateral be worth in a week?

I'm into creating universes, smiting people, writing holy books and listening to Prayer Messages (PMs).
BitcoinTalk Public Information Project (BPIP)  - My Trust Removal Guidelines
"Masturbation makes you feel good but doesn't do anything for the person you're thinking of.  Just like prayer."
TurbacoLiam
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January 17, 2017, 08:21:37 AM
 #6

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

You want people to sell your collateral right away?  Why don't you do that yourself?

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.

if its really true, why arenot you selling this altcoins? just sell it and when you will get btc to pay back, just buy these coins again.

can you explain it?

Because the coins will face a HIGH PUMP in coming few days and might even reach 10x value which obviously I don't want to loose.
TurbacoLiam
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January 17, 2017, 08:23:02 AM
 #7

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.

RIGHT NOW.  But they need to wait at least a week before they can sell it.

What will your collateral be worth in a week?

If my collateral value goes below 0.04 or at least gets around 0.045 they can contact me and within 12 hours I will provide them with more collateral ( icobid or any other alt coins they accept )  if I fail they can happily sell it.
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January 17, 2017, 08:36:25 AM
 #8

and within 12 hours I will provide them with more collateral ( icobid or any other alt coins they accept ) 

Surely you know that you can't offer something AFTER you receive your loan...

Nothing would force you to give more collateral.  It's just your word.

If the alt coin you are offering is volatile, you may need to offer more of it so the borrower feels secure in minor market fluctuations.  But promising something after you get your loan is not collateral.

I'm into creating universes, smiting people, writing holy books and listening to Prayer Messages (PMs).
BitcoinTalk Public Information Project (BPIP)  - My Trust Removal Guidelines
"Masturbation makes you feel good but doesn't do anything for the person you're thinking of.  Just like prayer."
lenoli
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January 17, 2017, 08:42:05 AM
 #9

collateral : 200000 ICOBID which worth at least 0.05 if you dump right now

You want people to sell your collateral right away?  Why don't you do that yourself?

I am not saying that, I am just saying that my collateral is at least worth 125% of what I am taking as loan.

if its really true, why arenot you selling this altcoins? just sell it and when you will get btc to pay back, just buy these coins again.

can you explain it?

Because the coins will face a HIGH PUMP in coming few days and might even reach 10x value which obviously I don't want to loose.

sorry, but i am not understanding clearly, so i prefer not to fill this loan.

i am not sure, you can guess what will be price of this altcoin after 1 week and you cannot give us guarantee that after 1 week this altcoin will be fowrth of 0.044 btc
TurbacoLiam
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January 17, 2017, 08:45:32 AM
 #10

Better I do something of my own, anyways thanks guys
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