btc loan WITH COLLATERAL

[Quickseller]

Let me know if anything changes and I can evaluate if this would still be something I would be willing to pursue.

[Lone Shark]

If anyone wants to do this deal which will be guaranteed to yield them 5 percent let me know.

We will confirm a well written summary detailing everything and anything encompassing the transaction. This summary will be made available on the bitrated site, the escrow will hold the eth funds.

In case of default you win the eth.

I will pay you back in btc as I value my eth more than I do btc, so in either way you will see a profit.



No I will not send you my eth directly to hold for escrow, there needs to be a 3rd party for holding as the chances of scamming me are too great if I just send you the eth directly. So please stop asking and telling me you are "trusted enough" to receive eth directly.

You have trust issues dude. If the lender is trusted why would you not send the ETH to them?
If you check the history of the forum you'll see even trusted escrows had ran with the stuff they were trusted with.
And, oh please 1btc = $4,000? Lenders here have held far more than that and the borrowers completely trusted them.

And to address your second point.

The entire concept of interest is predicated on risk. Banks charge interest rate on money that is unsecured and thus require a higher percentage back.

On this forum you HAVE collateral that is 120 LTV. Which means you literally have no risk, unless someone starts a nuclear war and cryptos go to shit or some major catastrophic event happens.

So to justify the fact that collateralized loans go for such high interests doesnt not bode well in this argument. If anything collateral debts should require less interest because they are guaranteed, and even if someone defaults the lender would get 20 percent more.

It is essentially a win win for the lender. You default they collect. You pay back they still collect.

Uhm, they will not loan you if you did not give collateral or that your credit standing is shit or that generally they think you don't have the capacity to pay.
Likely, if you go to a bank and said "I have ETH as collateral, they'll laugh at you and tell you to go away".

The principle why people charge a high interest here on the forum is that there is really high risk for the following reasons:

1. Everybody is anonymous. No one knows how to reach anybody in case anyone defaults.
2. Altcoin and even bitcoin is super volatile, a minute ago you are holding 1btc next thing you know you don't even have half of it.
3. Profits in the cryptocurrency industry is far more than 5% per month, you can check the stats for yourself.

[willywonkaaa]

If anyone wants to do this deal which will be guaranteed to yield them 5 percent let me know.

We will confirm a well written summary detailing everything and anything encompassing the transaction. This summary will be made available on the bitrated site, the escrow will hold the eth funds.

In case of default you win the eth.

I will pay you back in btc as I value my eth more than I do btc, so in either way you will see a profit.



No I will not send you my eth directly to hold for escrow, there needs to be a 3rd party for holding as the chances of scamming me are too great if I just send you the eth directly. So please stop asking and telling me you are "trusted enough" to receive eth directly.

You have trust issues dude. If the lender is trusted why would you not send the ETH to them?
If you check the history of the forum you'll see even trusted escrows had ran with the stuff they were trusted with.
And, oh please 1btc = $4,000? Lenders here have held far more than that and the borrowers completely trusted them.

And to address your second point.

The entire concept of interest is predicated on risk. Banks charge interest rate on money that is unsecured and thus require a higher percentage back.

On this forum you HAVE collateral that is 120 LTV. Which means you literally have no risk, unless someone starts a nuclear war and cryptos go to shit or some major catastrophic event happens.

So to justify the fact that collateralized loans go for such high interests doesnt not bode well in this argument. If anything collateral debts should require less interest because they are guaranteed, and even if someone defaults the lender would get 20 percent more.

It is essentially a win win for the lender. You default they collect. You pay back they still collect.

Uhm, they will not loan you if you did not give collateral or that your credit standing is shit or that generally they think you don't have the capacity to pay.
Likely, if you go to a bank and said "I have ETH as collateral, they'll laugh at you and tell you to go away".

The principle why people charge a high interest here on the forum is that there is really high risk for the following reasons:

1. Everybody is anonymous. No one knows how to reach anybody in case anyone defaults.
2. Altcoin and even bitcoin is super volatile, a minute ago you are holding 1btc next thing you know you don't even have half of it.
3. Profits in the cryptocurrency industry is far more than 5% per month, you can check the stats for yourself.

Hmm great points to make sense of why you gouge people so much in interest. Its nice to see you justify to yourself why you charge people so much money, all predicated on the "volatility of cryptos." If you had paid attention I stated I was pegging the fiat to the btc and paying back a guaranteed 5 percent.  Dont be mad that there are some people who dont want to deal with your crappy loan interests.

Ya and if you go to a bank and say you have eth theyll laugh but if you go and say oh hey i want to pay 180 percent apy they'll also laugh. So your point is moot.

And ya I'm paranoid to just send my eth to someone because like you said everything is anonymous so I'm trying to have verification and prevent any scams that could take place.

"You have trust issues dude. If the lender is trusted why would you not send the ETH to them?
If you check the history of the forum you'll see even trusted escrows had ran with the stuff they were trusted with."

Contradict yourself much? Wtf? lol

In any case I dont come on your posts and tell people that you're ripping them off so stay off my posts, thanks 

[Lone Shark]

Hmm great points to make sense of why you gouge people so much in interest. Its nice to see you justify to yourself why you charge people so much money, all predicated on the "volatility of cryptos." If you had paid attention I stated I was pegging the fiat to the btc and paying back a guaranteed 5 percent.  Dont be mad that there are some people who dont want to deal with your crappy loan interests.

I did not offer to lend you. Just explaining to you why the interest rates.

Ya and if you go to a bank and say you have eth theyll laugh but if you go and say oh hey i want to pay 180 percent apy they'll also laugh. So your point is moot.

How was that moot? That point is the only place you can get a loan using your altcoins is this forum.

And ya I'm paranoid to just send my eth to someone because like you said everything is anonymous so I'm trying to have verification and prevent any scams that could take place.

Same thing, most escrows are anonymous.

"You have trust issues dude. If the lender is trusted why would you not send the ETH to them?
If you check the history of the forum you'll see even trusted escrows had ran with the stuff they were trusted with."

Contradict yourself much? Wtf? lol

It is not contradictory. What I stated are just facts. Whether you deal with an escrow or a lender, the risk of the person running is still there.

In any case I dont come on your posts and tell people that you're ripping them off so stay off my posts, thanks 

Again, I did not offer to lend you.

[willywonkaaa]

Hmm great points to make sense of why you gouge people so much in interest. Its nice to see you justify to yourself why you charge people so much money, all predicated on the "volatility of cryptos." If you had paid attention I stated I was pegging the fiat to the btc and paying back a guaranteed 5 percent.  Dont be mad that there are some people who dont want to deal with your crappy loan interests.

I did not offer to lend you. Just explaining to you why the interest rates.

Ya and if you go to a bank and say you have eth theyll laugh but if you go and say oh hey i want to pay 180 percent apy they'll also laugh. So your point is moot.

How was that moot? That point is the only place you can get a loan using your altcoins is this forum.

And ya I'm paranoid to just send my eth to someone because like you said everything is anonymous so I'm trying to have verification and prevent any scams that could take place.

Same thing, most escrows are anonymous.

"You have trust issues dude. If the lender is trusted why would you not send the ETH to them?
If you check the history of the forum you'll see even trusted escrows had ran with the stuff they were trusted with."

Contradict yourself much? Wtf? lol

It is not contradictory. What I stated are just facts. Whether you deal with an escrow or a lender, the risk of the person running is still there.

In any case I dont come on your posts and tell people that you're ripping them off so stay off my posts, thanks 

Again, I did not offer to lend you.

Some bitrated escrow are NOT anonymous, an example would be charlie lee of litecoin fame.

This is so pointless going back and forth with you. You have provided no insight into anything but rather a means to justify why you have the deplorable business practices that you do charging 18 percent interest a week. Whatever helps you justify sleeping at night in order to justify your way of making money I guess. Just dont try to pass off your bullshit off to me. I did not engage you, you engaged me.

I have no intention of ever getting a loan from you, a fucking actual loan shark who would break your knee caps would be more honorable than your ass. At least with them there is some risk taken, unlike you and your 120 ltv loans.

The last point about banks laughing at alt coins is circular logic as you brought it up then did a straw man argument against it all in one sentence. Bravo lol

As if you are bestowing some highly coveted information to the inner sanctum of banks and the fact that they dont lend based on alt coins, thank you for that. If you had not said so NO ONE would of known!!!


Really should of made this a self moderated post, so I dont have to put up with the petulance from some people 

[warningsigns]

Really should of made this a self moderated post, so I dont have to put up with the petulance from some people 

Petulance. Is it? I'm asking because I have a feeling your true intention is to dishonestly misappropriate someone else's bitcoins. It's as if one can smell, sense and feel that you want this loan WITHOUT parting with your ETH. The thread has advanced to such a pregnant state of disarray about interest and escrow issues.

Lenders should be vigilant and alert about any underlying motives behind all this talk about escrow being held by an external person or entity. He claims he can't trust reputable lenders and escrow providers on this platform. He argues endlessly about interest rates and escrow fees while forgetting that he wants a loan. A loan is a favour extended to a borrower and not a right. In summary, he wants that loan with a near-nil interest rate, no escrow fees and escrowed by an external person or entity. He want the convenience of a loan while inconveniencing the lender as much as possible.

Borrow from a bank instead and impose your conditions on them. Sure, they'll be receptive. Right.

 

[willywonkaaa]

Really should of made this a self moderated post, so I dont have to put up with the petulance from some people 

Petulance. Is it? I'm asking because I have a feeling your true intention is to dishonestly misappropriate someone else's bitcoins. It's as if one can smell, sense and feel that you want this loan WITHOUT parting with your ETH. The thread has advanced to such a pregnant state of disarray about interest and escrow issues.

Lenders should be vigilant and alert about any underlying motives behind all this talk about escrow being held by an external person or entity. He claims he can't trust reputable lenders and escrow providers on this platform. He argues endlessly about interest rates and escrow fees while forgetting that he wants a loan. A loan is a favour extended to a borrower and not a right. In summary, he wants that loan with a near-nil interest rate, no escrow fees and escrowed by an external person or entity. He want the convenience of a loan while inconveniencing the lender as much as possible.

Borrow from a bank instead and impose your conditions on them. Sure, they'll be receptive. Right.

 

Ahh here we go. We have ourselves an online detective versed in the psychology and motives of others. I guess you couldnt quite cut it in the academy so your only means of work is the investigative one you do online now huh?

Inspector Clouseau let me make something clear to you as I can see why you were not allowed to be a real life detective. ESCROW PREVENTS FRAUD. I have picked a website with over 600 trusted escrow agents that the lender can choose from.

https://www.bitrated.com/explore


MY ETH at 120 ltv is worth more than the BTC. There is no god damn risk, how are you so clueless?


So I want to borrow BTC because I dont want to sell or exchange my eth and in your astute mind this constitutes something fishy? Bravo INSPECTOR BRAVO!!!

My PM is filled with assholes trying to tell me that I should trust them by sending them ETH directly and then I go and check their trust rating and its pure shit with scandals and fraud.

if you need me to define the word escrow for you here,

"a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled."




I eagerly await your response Clouseau

[willywonkaaa]

Really should of made this a self moderated post, so I dont have to put up with the petulance from some people  

Petulance. Is it? I'm asking because I have a feeling your true intention is to dishonestly misappropriate someone else's bitcoins. It's as if one can smell, sense and feel that you want this loan WITHOUT parting with your ETH. The thread has advanced to such a pregnant state of disarray about interest and escrow issues.

Lenders should be vigilant and alert about any underlying motives behind all this talk about escrow being held by an external person or entity. He claims he can't trust reputable lenders and escrow providers on this platform. He argues endlessly about interest rates and escrow fees while forgetting that he wants a loan. A loan is a favour extended to a borrower and not a right. In summary, he wants that loan with a near-nil interest rate, no escrow fees and escrowed by an external person or entity. He want the convenience of a loan while inconveniencing the lender as much as possible.

Borrow from a bank instead and impose your conditions on them. Sure, they'll be receptive. Right.

 

Ahh I'm sorry I forgot to point out the wonderful highlighted portion of your initial response.

Your true incompetence shines bright right there buddy. A loan is a favor?

A loan with NO INTEREST IS A FAVOR.

A loan WITH interest is NOT A FAVOR, I swear the mental acuity of some people here is amazing.

Youre right I should subject myself to the 18 percent interest rates charged weekly by the lenders here because that is the precedent set here right? Just go with the herd mentality.

I'm not forcing anyone to lend me money, if you want 5 percent then great we can work it out. If you dont then ok, its a free market, a free world, a free society at least the one I live in. Idk about you.

[jonsi]

to be honest now i know why most of the people here requesting loans here end up as scammers. 15 percent comes out to 180 apy. there are laws in the us prohibiting pay day loans from charging crazy interest rates, but i guess in the marketplace on this forum its the wild wild west.

everyone has a free choice here, but the entire reason banks lend money is predicated on risk and because of this risk they earn high interest. take a credit card for example that can have a 30 percent apy, it is unsecured debt.

this forum seeks 120 ltv, is secured collateral, and on top of this charges high interest.

its literally loan sharking except even loan sharks dont have collateral they just come beat you when you cant pay lol.

fortunately for me i'm not desperate i was just looking to hedge some bets with the market.



this is strictly my opinion, but if you want this marketplace to be less swarmed with scammers and thieves then it should charge normal/fair interest rates. No one who has the intention of paying back money would ever agree to being fleeced this bad.

i myself might start a lending practice and offer fair rates. the free market really is the wild wild west at times.

shit we didnt even have child labor laws until the 1930s meaning when left unchecked, businesses will do anything

If banks do this and banks do that... then it's really simple: Just go to a bank and get the loan, there is no need of so much drama from your part.

You shure complain a looot, but the truth is that nobody aproached you to offer you a loan, but you asked one. The lenders presented their offers so you can take it or leave it. Another issue with your loan request is that you requested it on this forum, so you should have no problem accepting an escrow from this forum.

Anyway, you act like a child, complaining and creating so much drama about unfair rates. Nobody is forcing you to do anything that you don't want. I too think that some things are way to expensive, but I don't go into the shop, ask the seller to present his offer and then start yelling that his prices are to high. If I find miself in this situation, I simply walk away. I suggest you act like a grown person and do the same (but maybe you are just a child seeking atention and in this case you will continue your drama, we will just have to see..)

[willywonkaaa]

to be honest now i know why most of the people here requesting loans here end up as scammers. 15 percent comes out to 180 apy. there are laws in the us prohibiting pay day loans from charging crazy interest rates, but i guess in the marketplace on this forum its the wild wild west.

everyone has a free choice here, but the entire reason banks lend money is predicated on risk and because of this risk they earn high interest. take a credit card for example that can have a 30 percent apy, it is unsecured debt.

this forum seeks 120 ltv, is secured collateral, and on top of this charges high interest.

its literally loan sharking except even loan sharks dont have collateral they just come beat you when you cant pay lol.

fortunately for me i'm not desperate i was just looking to hedge some bets with the market.



this is strictly my opinion, but if you want this marketplace to be less swarmed with scammers and thieves then it should charge normal/fair interest rates. No one who has the intention of paying back money would ever agree to being fleeced this bad.

i myself might start a lending practice and offer fair rates. the free market really is the wild wild west at times.

shit we didnt even have child labor laws until the 1930s meaning when left unchecked, businesses will do anything

If banks do this and banks do that... then it's really simple: Just go to a bank and get the loan, there is no need of so much drama from your part.

You shure complain a looot, but the truth is that nobody aproached you to offer you a loan, but you asked one. The lenders presented their offers so you can take it or leave it. Another issue with your loan request is that you requested it on this forum, so you should have no problem accepting an escrow from this forum.

Anyway, you act like a child, complaining and creating so much drama about unfair rates. Nobody is forcing you to do anything that you don't want. I too think that some things are way to expensive, but I don't go into the shop, ask the seller to present his offer and then start yelling that his prices are to high. If I find miself in this situation, I simply walk away. I suggest you act like a grown person and do the same (but maybe you are just a child seeking atention and in this case you will continue your drama, we will just have to see..)

Great of you to get involved and cause drama over something you say you dont want drama in? Hypocrite much?

Anyways I forgot to lock this thread as I have secured actual funding for more than I wanted to hedge for with an 11 APY, thats fucking 11 percent A YEAR you god damn parasites. Only issue is that I had to pay a 500 dollar origination fee, but whatever the banks always win in the end.

Thank god for the SALT ICO it will put all these loan sharking schemes out of business.