I'm asking for a loan again since the other one fell through. I need a 2.9BTC loan (~210$) to cover some bills here. I would pay back within a month and a bit about 3.5 BTC. My collateral is my iPad2. Again. I actually may as well sell it at this point. But since loaning doesn't seem like a bad option I'll go with that. I obviously want my iPad back once the loan is finished, which is why I am going to pay my loan back. I require these funds ASAP, so if you already have the amount, that would be great. I can post some pics again if you want, just ask. I will cover shipping cost to you, and you would need to cover shipping when you ship it back to me. Thanks
Selling outright would be your best bet. Shipping adds up and eats into any loan/profit.
Agreed. The ipad 2 is worth about the same as 3.5btc right now, so I doubt anyone would give you a loan, since you would probably default in lieu of getting the ipad back - especially when you say you may sell it.
Getting a loan and using collateral then defaulting IS NOT THE SAME as selling the item. Sell your iPad to someone who wants it - don't stick it with someone who was just loaning you coins.
