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Author Topic: Loan for margin trade  (Read 307 times)
Yalanx (OP)
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October 13, 2017, 02:11:50 PM
 #1

I currently have 80,000 siacoin and need a loan for Bitcoin to use as collateral for a margin trade on an exchange. What amount could I expect for a time frame of around six months with the lowest possible interest.

coinjack1337
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October 13, 2017, 02:35:08 PM
 #2

80.000 SC @ 0.004$ = 320$

Collateral is always 120% of loan amount so

320$ = 120%
100% = 266,67$ ... and that's your loan amount Wink so about

0.046 BTC.
Hope this helps.
Yalanx (OP)
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October 13, 2017, 02:56:34 PM
 #3

80.000 SC @ 0.004$ = 320$

Collateral is always 120% of loan amount so

320$ = 120%
100% = 266,67$ ... and that's your loan amount Wink so about

0.046 BTC.
Hope this helps.

Would you be willing to fulfill this loan or are you simply pointing out how much I could get?

cubevtc
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October 13, 2017, 03:18:03 PM
 #4

i can give you 0.04 btc for youre siacoins and 15% monthly x6 month =90%
pay every month 15% iff not pay i have right sell youre collateralls thx

Yalanx (OP)
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October 13, 2017, 03:37:47 PM
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i can give you 0.04 btc for youre siacoins and 15% monthly x6 month =90%
pay every month 15% iff not pay i have right sell youre collateralls thx

I have responded to your PM.

I do not understand why the interest would be 90% when there is little risk involved in this loan.

ThatRandom8543
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October 13, 2017, 03:41:52 PM
 #6

i can give you 0.04 btc for youre siacoins and 15% monthly x6 month =90%
pay every month 15% iff not pay i have right sell youre collateralls thx

I have responded to your PM.

I do not understand why the interest would be 90% when there is little risk involved in this loan.

While I do not agree with that amount of interest, there is always a risk to loans, even with collateral.
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