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Author Topic: 0.012 BTC LOAN, GET 0.015 IN 2 WEEKS  (Read 489 times)
minister13 (OP)
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April 15, 2017, 12:07:17 PM
Last edit: April 15, 2017, 12:36:28 PM by minister13
 #1

Amount Requested:0.012 BTC
Date repayment is to be made: within 14 days.
Repayment Amount: 0.015 BTC
Reason: Binary Options Trading
Collateral: 7843 ConCoins (https://yobit.net/en/trade/CONX/BTC)
BTC address to fund the loan to: 1Mkmwc63kQNdEJzeuxqcuxyaSYBuDme3Mz
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Scott J
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April 15, 2017, 12:08:31 PM
 #2

Amount Requested:0.012 BTC
Date repayment is to be made: within 14 days.
Repayment Amount: 0.015 BTC
Reason: Binary Options Trading
Collateral: 5000 ConCoins (https://yobit.net/en/trade/CONX/BTC)
BTC address to fund the loan to: 1Mkmwc63kQNdEJzeuxqcuxyaSYBuDme3Mz

5000 ConCoins appear to be worth 0.00885 BTC, not enough to cover the risk. 

minister13 (OP)
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April 15, 2017, 12:22:11 PM
 #3

I have 7843 ConCoins total. I think that is enough
ahmedjamal1998
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April 15, 2017, 12:24:07 PM
 #4

I guess some people would agree to lend you the money if you had appropriate amount.

With 5000 concoins you can roughly get 0.00885000 BTC (without calculating the lender's % ).

So, atm you aren't eligible for this loan.

EDIT :

Yes. 7843 is equal to 0.01388211 BTC. This is better now.

Make sure you edit the topic.
bias
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April 15, 2017, 12:38:26 PM
 #5

I guess some people would agree to lend you the money if you had appropriate amount.

With 5000 concoins you can roughly get 0.00885000 BTC (without calculating the lender's % ).

So, atm you aren't eligible for this loan.

EDIT :

Yes. 7843 is equal to 0.01388211 BTC. This is better now.

Make sure you edit the topic.

Well sorry to interupt but it's not ok now...they have fees to move Concoins right?
besides the collateral must be at least 120% and this is not.
minister13 (OP)
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April 15, 2017, 01:42:16 PM
 #6

I guess some people would agree to lend you the money if you had appropriate amount.

With 5000 concoins you can roughly get 0.00885000 BTC (without calculating the lender's % ).

So, atm you aren't eligible for this loan.

EDIT :

Yes. 7843 is equal to 0.01388211 BTC. This is better now.

Make sure you edit the topic.

Well sorry to interupt but it's not ok now...they have fees to move Concoins right?
besides the collateral must be at least 120% and this is not.

Fee is 0.2% to 0.5%. I do not think it makes a difference.
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April 17, 2017, 12:45:13 AM
 #7

Amount Requested:0.012 BTC
Date repayment is to be made: within 14 days.
Repayment Amount: 0.015 BTC
Reason: Binary Options Trading
Collateral: 7843 ConCoins (https://yobit.net/en/trade/CONX/BTC)
BTC address to fund the loan to: 1Mkmwc63kQNdEJzeuxqcuxyaSYBuDme3Mz
I would be able to fill this loan if you were able to add some Bitcoin to the concoins as well. I am not into trading that much but I would take the 7k concoins and 0.005 if you were interested. I will only discuss on this thread.
actmyname
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April 17, 2017, 03:37:10 AM
 #8

I would be able to fill this loan if you were able to add some Bitcoin to the concoins as well. I am not into trading that much but I would take the 7k concoins and 0.005 if you were interested. I will only discuss on this thread.

This is an illogical offer, given that if OP gave bitcoins as collateral, it would be pointless. Why not simply deduct the collateral amount from the loan request? Where's the sense?


Well sorry to interupt but it's not ok now...they have fees to move Concoins right?
besides the collateral must be at least 120% and this is not.

If the coin crashes, the loaner is at a moderate of losing money. The usual is 120%, but this is 115.68% of the norm - it's at the discretion of a lender. But, this is 21.6% (relative) less than what the typical person is looking for in terms of security and seems like a coin that's not traded too often, with a 24h volume of 0.14 BTC (about 10x the amount a lender would have to dump).

It's not my place to say how good the deal is the coin seems to be trading at low prices right now, fluctuating between a little over and a little under 0.012 BTC for the collateral.

hermanhs09
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April 18, 2017, 08:48:31 AM
 #9

I am able to fill this loan OP, if you still need it.

However I'll need 12,000 Concoins as collateral, as that is around 120% of the loan's value. I am really being generous here as most lenders will consider Concoins as a very volatile altcoin, and relatively newly launched as well even though the team is obviously been there for years. I will have to set a sell order for when the collateral drops to 100% of loan value though, if that is ever going to happen.

Let me know. We can use escrow to hold the collateral.
naville
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April 18, 2017, 11:57:50 AM
 #10

I can fill this loan with your 7843 ConCoins as collateral
just PM me if you still need it
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April 18, 2017, 12:28:45 PM
 #11

I can fill this loan with your 7843 ConCoins as collateral
just PM me if you still need it

Be sure to use a third party escrow to hold collateral when trading with un-trusted users.
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