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Author Topic: $26000 fiat based loan required  (Read 601 times)
DigitalCurrencyinvestors (OP)
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February 04, 2018, 03:43:55 PM
 #1

hi am looking for $26000 loan which i can pay back in one month i can provide 150% collateral in the form of ETC coins.

payment will be paid back in btc to the equivalent of the $26000+interest
SM23031997
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February 04, 2018, 03:44:59 PM
 #2

How much Interest you are willing to pay?
DigitalCurrencyinvestors (OP)
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February 04, 2018, 03:47:29 PM
 #3

How much Interest you are willing to pay?

1.5%
UpsilonTrooper
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February 04, 2018, 04:07:14 PM
 #4

How much Interest you are willing to pay?

1.5%

Seems pretty low most people here want atleast 5% a month (and that's on the lower end of the spectrum)
DigitalCurrencyinvestors (OP)
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February 04, 2018, 04:39:59 PM
 #5

I am willing to fund upto .75BTC in exchange for 2.5% interest

sorry i required the full amount i can do max 3% for monthly interest with option to pay back sooner
ThatRandom8543
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February 04, 2018, 04:40:31 PM
 #6

hi am looking for $26000 loan which i can pay back in one month i can provide 150% collateral in the form of ETC coins.

payment will be paid back in btc to the equivalent of the $26000+interest

Could you post your address of where you have about $26k worth of ETC, possibly even signing a message from that address?

And any reason why you want fiat and how you expect to receive it (if someone ever did decide to fulfill this loan)? I highly doubt someone is going to send that much via paypal.
DigitalCurrencyinvestors (OP)
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February 04, 2018, 04:50:05 PM
 #7

i have alot more than $26000, there is no need for the address as il be sending collateral. the loan can be paid in btc too, repayment will be in btc too of the amount of usd equivalent
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February 04, 2018, 06:50:20 PM
 #8

I can do $26000 in BTC except BTC tied, not fiat at 1.5% interest.

taking a break - expect delayed responses
DigitalCurrencyinvestors (OP)
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February 04, 2018, 07:02:06 PM
 #9

I can do $26000 in BTC except BTC tied, not fiat at 1.5% interest.

i require it tied to fiat, after loan ends youl get the total amount in usd paid in btc
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February 04, 2018, 09:10:05 PM
 #10

I can fill this loan for 1% interest/month if the rate is tied to bitcoin value, not USD amount.
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February 05, 2018, 03:55:11 AM
 #11

I am willing to fund upto .75BTC in exchange for 2.5% interest

sorry i required the full amount i can do max 3% for monthly interest with option to pay back sooner
I can fund the entire amount of this loan, subject to the below terms:

term of loan: 1 month
Amount of loan: $26,000 USD (BTC equivalent) tied to USD value
USD/BTC exchange rate: bitfinex - both at time of loan and at time of repayment
collateral: 1895 ETC - subject to my blockchain review to confirm no evidence the ETC can be traced to stolen funds
interest: 3.5% per month
if loan is not repaid by due date, 1% will be added to interest due, I will wait until the loan is 5 days past due, and will liquidate the ETC to repay the loan, plus 3.5% interest, plus 1% late fee and will return the remaining amount to you, if any.
The loan can be repaid early, and can be repaid by selling the ETC with no penalty.

LMK. 

★ ★ ██████████████████████████████[█████████████████████
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Vod
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February 05, 2018, 03:58:44 AM
 #12

I am willing to fund upto .75BTC in exchange for 2.5% interest

sorry i required the full amount i can do max 3% for monthly interest with option to pay back sooner
I can fund the entire amount of this loan, subject to the below terms:

term of loan: 1 month
Amount of loan: $26,000 USD (BTC equivalent) tied to USD value
USD/BTC exchange rate: bitfinex - both at time of loan and at time of repayment
collateral: 1895 ETC - subject to my blockchain review to confirm no evidence the ETC can be traced to stolen funds
interest: 3.5% per month
if loan is not repaid by due date, 1% will be added to interest due, I will wait until the loan is 5 days past due, and will liquidate the ETC to repay the loan, plus 3.5% interest, plus 1% late fee and will return the remaining amount to you, if any.
The loan can be repaid early, and can be repaid by selling the ETC with no penalty.

LMK. 

It goes without saying, but if you trade with the least trusted person on this forum, you will probably get negative trust yourself.  :/

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DigitalCurrencyinvestors (OP)
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February 06, 2018, 06:19:56 PM
 #13

again i require the loan tied to USD not btc. repayment will be paid in btc according to the value at that time
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February 06, 2018, 08:04:17 PM
 #14

again i require the loan tied to USD not btc. repayment will be paid in btc according to the value at that time

Can you provide info on the use of the loan? It sounds like you could simply buy BTC, wait a month and then when the value is up make your repayment and pocket the difference in BTC.
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February 06, 2018, 09:20:43 PM
 #15

i have alot more than $26000, there is no need for the address as il be sending collateral.

What an odd thing to claim.   What harm would it cause to post the address?


I post for interest - not signature spam.
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February 07, 2018, 01:52:24 AM
 #16

I mean isn't the whole point of Bitcoin privacy? As long as a proper escrow holds the required amount of ETC I do not see a problem.

But transparency overrides privacy in lending transactions involving amounts of the kind discussed here. It's all about due diligence.

It also helps the lender check if the collateral's source is legitimate. So much news these days about stolen coins.

DigitalCurrencyinvestors (OP)
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February 07, 2018, 02:50:11 AM
 #17

i have alot more than $26000, there is no need for the address as il be sending collateral.

What an odd thing to claim.   What harm would it cause to post the address?



i prefer not to share my balance. all i need to sho is my collateral unless the lender sends first i need to but 100% he won't my collateral will be sent first
DigitalCurrencyinvestors (OP)
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February 07, 2018, 03:00:37 AM
 #18

I mean isn't the whole point of Bitcoin privacy? As long as a proper escrow holds the required amount of ETC I do not see a problem.

But transparency overrides privacy in lending transactions involving amounts of the kind discussed here. It's all about due diligence.

It also helps the lender check if the collateral's source is legitimate. So much news these days about stolen coins.

if that needs to be done im all for it but i won't share it publicly
ThatRandom8543
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February 07, 2018, 05:05:19 AM
 #19

I mean isn't the whole point of Bitcoin privacy? As long as a proper escrow holds the required amount of ETC I do not see a problem.

But transparency overrides privacy in lending transactions involving amounts of the kind discussed here. It's all about due diligence.

It also helps the lender check if the collateral's source is legitimate. So much news these days about stolen coins.

if that needs to be done im all for it but i won't share it publicly

And why not? If its done publicly, it would be quicker, and you will have a higher chance of getting a loan, but usually lack in transparency also means there is something else going on and youre trying to hide it from someone here (though not exactly the case). Tbh I am starting to look down on fiat-tied loans because it seems to me that people are doing this as a way to possibly profit while the lender loses out on any type of value increase in the market, which is what im assuming is going on with alot of the recent request.

Good luck though.
DigitalCurrencyinvestors (OP)
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February 07, 2018, 05:08:56 AM
 #20

I mean isn't the whole point of Bitcoin privacy? As long as a proper escrow holds the required amount of ETC I do not see a problem.

But transparency overrides privacy in lending transactions involving amounts of the kind discussed here. It's all about due diligence.

It also helps the lender check if the collateral's source is legitimate. So much news these days about stolen coins.

if that needs to be done im all for it but i won't share it publicly

And why not? If its done publicly, it would be quicker, and you will have a higher chance of getting a loan, but usually lack in transparency also means there is something else going on and youre trying to hide it from someone here (though not exactly the case). Tbh I am starting to look down on fiat-tied loans because it seems to me that people are doing this as a way to possibly profit while the lender loses out on any type of value increase in the market, which is what im assuming is going on with alot of the recent request.

Good luck though.

but the opposite could happen to me, if the value falls i need to honour my end of the deal. don't see showing my address as a high priority.
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