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Author Topic: WT borrow 10mil dogecoin for short sell  (Read 1082 times)
qxzn
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December 19, 2013, 09:17:00 PM
Last edit: December 19, 2013, 11:07:36 PM by qxzn
 #1

I want to borrow up to 10 million doge for up to 60 days. I will pay 10% interest on your dogecoins, meaning you will get back N*1.1 doges within 60 days (that's actually more like 60% annualized). 10% is my bid, if you want a higher rate please post your offer.

Lest you think I am being a ponzi, I will be perfectly transparent about what I'm doing with the coins. I'm going to sell them on the open market in a bet that I'll be able to buy them back for less.

I will hold at least 15 BTC in a reserve address which I'll share with the lender so s/he knows I have enough coins to cover the position should doge continue to go up.

Interested lenders please post here.
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serrveraside
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December 19, 2013, 09:20:23 PM
 #2

yeah good luck with that  Roll Eyes
crypto-dude
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December 19, 2013, 09:25:22 PM
 #3

I want to borrow up to 10 million doge for up to 60 days. I will pay 10% interest on your dogecoins, meaning you will get back N*1.05 doges within 60 days (that's actually more like 60% annualized). 10% is my bid, if you want a higher rate please post your offer.

Lest you think I am being a ponzi, I will be perfectly transparent about what I'm doing with the coins. I'm going to sell them on the open market in a bet that I'll be able to buy them back for less.

I will hold at least 15 BTC in a reserve address which I'll share with the lender so s/he knows I have enough coins to cover the position should doge continue to go up.

Interested lenders please post here.

I want to do that too. I am 99% sure that DOG price will go down dramatically, it is way overvalued:
https://bitcointalk.org/index.php?topic=376121.msg4047278#msg4047278
deodecagone
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December 19, 2013, 09:29:43 PM
 #4

I wanted to build a platform for short selling with a forced reserve in BTC and interest offer  but I am too lazy to enter this kind of project you start and never terminate . Waiting for someone to build it.
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December 19, 2013, 09:34:49 PM
 #5

I wanted to build a platform for short selling with a forced reserve in BTC and interest offer  but I am too lazy to enter this kind of project you start and never terminate . Waiting for someone to build it.

This will be a great idea, so many pump and dump schemes here
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December 19, 2013, 09:40:06 PM
 #6

lol@thread
anyone who does this is completely insane
crypto-dude
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December 19, 2013, 09:44:26 PM
 #7

lol@thread
anyone who does this is completely insane

Are you willing to lend me the coins? I will do it for sure, I am not kidding. And you will wake up if you are not one of the pumpers. Grin
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December 19, 2013, 09:45:32 PM
 #8

I would never lend anyone any coins for the sake of my own mind.
qxzn
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December 19, 2013, 09:45:40 PM
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I wanted to build a platform for short selling with a forced reserve in BTC and interest offer  but I am too lazy to enter this kind of project you start and never terminate . Waiting for someone to build it.

bitfinex already has the platform, though it may not be worth their while to add every little coin
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December 19, 2013, 09:53:57 PM
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I like the hype of DOG, it shows exactly what is a (great) pump and dump. We definitely already saw the pump part. Very much interested in the next unavoidable dump part. Grin
deodecagone
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December 22, 2013, 04:50:16 PM
 #11

I want to borrow up to 10 million doge for up to 60 days. I will pay 10% interest on your dogecoins, meaning you will get back N*1.1 doges within 60 days (that's actually more like 60% annualized). 10% is my bid, if you want a higher rate please post your offer.

Lest you think I am being a ponzi, I will be perfectly transparent about what I'm doing with the coins. I'm going to sell them on the open market in a bet that I'll be able to buy them back for less.

I will hold at least 15 BTC in a reserve address which I'll share with the lender so s/he knows I have enough coins to cover the position should doge continue to go up.

Interested lenders please post here.

Now that doge indeed is down to earth (and there is still some road to its actual value) Did you get your short sell option ?
qxzn
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December 23, 2013, 12:02:14 AM
 #12

I want to borrow up to 10 million doge for up to 60 days. I will pay 10% interest on your dogecoins, meaning you will get back N*1.1 doges within 60 days (that's actually more like 60% annualized). 10% is my bid, if you want a higher rate please post your offer.

Lest you think I am being a ponzi, I will be perfectly transparent about what I'm doing with the coins. I'm going to sell them on the open market in a bet that I'll be able to buy them back for less.

I will hold at least 15 BTC in a reserve address which I'll share with the lender so s/he knows I have enough coins to cover the position should doge continue to go up.

Interested lenders please post here.

Now that doge indeed is down to earth (and there is still some road to its actual value) Did you get your short sell option ?

Never found a lender Sad
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