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Author Topic: i do not understand the explanations<collaterall>  (Read 390 times)
cubevtc (OP)
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September 16, 2017, 04:22:12 PM
 #1

everyone lends with 120% altcoins collateralls but do not sell altcoins and buy btc ?why would he ask for loan if they on altcoins when on bittrex you can buy btc with some altcoins easy
explain somebody the purpose of this loan ?

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September 16, 2017, 05:53:34 PM
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Firstly do you know the meaning of the word Collateral? No.
http://dictionary.cambridge.org/dictionary/english/collateral

Secondly you ask a loan without reading the stickies? Yes.
https://bitcointalk.org/index.php?topic=577765.0

Finally you will persuade Lauda to remove or even change her feedback about you? No.
Sorry but there is a lot of referrences about this! Cheesy
Lone Shark
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September 16, 2017, 06:53:33 PM
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everyone lends with 120% altcoins collateralls but do not sell altcoins and buy btc ?why would he ask for loan if they on altcoins when on bittrex you can buy btc with some altcoins easy
explain somebody the purpose of this loan ?

Because the people who use altcoins as collateral believe that their collateral-altcoins are undervalued at the time they get a loan. For example, you use Doge as collateral and the value is about 24 satoshi each, but you think it will go up by x5 in the next weeks. That is the reason. Also most of the people who use altcoins as collateral buy more altcoins using the loan.
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September 16, 2017, 06:54:19 PM
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everyone lends with 120% altcoins collateralls but do not sell altcoins and buy btc ?why would he ask for loan if they on altcoins when on bittrex you can buy btc with some altcoins easy
explain somebody the purpose of this loan ?

That is because people believe the altcoins they hold might double, triple and even quadruple very soon and putting them on collateral means you can pay your loan of bitcoins and take it back while if you sell your alt coins then you might get them very cheap or might even not afford to buy them back. Yeah if a stable coin is being offered as collateral then they can usually sell it and buy back later since the value won't drop much.

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cubevtc (OP)
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September 16, 2017, 07:18:57 PM
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everyone lends with 120% altcoins collateralls but do not sell altcoins and buy btc ?why would he ask for loan if they on altcoins when on bittrex you can buy btc with some altcoins easy
explain somebody the purpose of this loan ?

That is because people believe the altcoins they hold might double, triple and even quadruple very soon and putting them on collateral means you can pay your loan of bitcoins and take it back while if you sell your alt coins then you might get them very cheap or might even not afford to buy them back. Yeah if a stable coin is being offered as collateral then they can usually sell it and buy back later since the value won't drop much.
thx i quess i got the best ANSWER BY YOU
thx for very good answer cheers

cubevtc (OP)
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September 16, 2017, 07:22:19 PM
 #6

Firstly do you know the meaning of the word Collateral? No.
http://dictionary.cambridge.org/dictionary/english/collateral

Secondly you ask a loan without reading the stickies? Yes.
https://bitcointalk.org/index.php?topic=577765.0

Finally you will persuade Lauda to remove or even change her feedback about you? No.
Sorry but there is a lot of referrences about this! Cheesy
i know what is collateral
where you see i ask loan without collateral  HuhHuhHuhHuh
this threads not is for loan requested

and lauda is only donkey what give negative to 80% off member bitcointalk

ThatRandom8543
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September 16, 2017, 07:46:29 PM
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Firstly do you know the meaning of the word Collateral? No.
http://dictionary.cambridge.org/dictionary/english/collateral

Secondly you ask a loan without reading the stickies? Yes.
https://bitcointalk.org/index.php?topic=577765.0

Finally you will persuade Lauda to remove or even change her feedback about you? No.
Sorry but there is a lot of referrences about this! Cheesy
i know what is collateral
where you see i ask loan without collateral  HuhHuhHuhHuh
this threads not is for loan requested

and lauda is only donkey what give negative to 80% off member bitcointalk

You asked for a loan without valid collateral on https://bitcointalk.org/index.php?topic=2182744 .

So where Lauda feedback stand is valid. You proven you bought the account. He only stated "Account sales encourage different types of shady behavior (scams, spam, account farming, et al.)." which you pretty much proven you tried to do by asking for a loan using this account you have in your possession as collateral, asking for a loan for the amount you claimed you paid for.
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