Greatdane (OP)
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Activity: 15
Merit: 0
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November 01, 2018, 10:32:07 PM |
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Loan Amount: 0.008 BTC
Amount to be repaid: 0.0088 BTC
Repayment Date: 16 nov 2018(Maybe before)
Type of Collateral: 800 ADA(Cardano) Coin
Bitcoin Address: 1FTboVjnYhQyJRKSfpz1cBvPTEXydm3ZCW
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Patatas
Legendary
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Activity: 1750
Merit: 1115
Providing AI/ChatGpt Services - PM!
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November 01, 2018, 11:03:11 PM
Last edit: November 01, 2018, 11:34:51 PM by Patatas |
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Loan Amount: 0.008 BTC
Amount to be repaid: 0.0088 BTC
Repayment Date: 16 nov 2018(Maybe before)
Type of Collateral: 800 ADA(Cardano) Coin
Bitcoin Address: 1FTboVjnYhQyJRKSfpz1cBvPTEXydm3ZCW
That doesn't qualify as a valid collateral. If I'm not wrong CDA is currently being traded at 800 ADA == 56 USD. (I'm not sure if it's actually accepted by any good exchanges) Your loan asking amount is about 0.008 btc == 50 USD. Collateral should be 120% of the loan asked for and not 100. |
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yogg
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Activity: 2464
Merit: 3158
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November 01, 2018, 11:14:53 PM |
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If you make your collateral 1000 Cardano, this will get filled more easily.  Or else you should ask for a bit lower loan with the current collateral. |
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Greatdane (OP)
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Activity: 15
Merit: 0
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November 01, 2018, 11:35:21 PM |
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Thank you guys. I understand the issue. I will change the loan amount and collateral offer a bit.
I will remake my loan request
Loan amount 0.007
Repayment 0.0077
CollateraL: 850 cardano
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Vod
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Activity: 3710
Merit: 3080
Licking my boob since 1970
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November 02, 2018, 12:13:05 AM |
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Collateral should be 120% of the loan asked for and not 100.
As the one who originally came up with this guideline, I should correct you to say it should be 120% of the repayment amount. Repayment amount because that is what you are risking - not the loan amount. 120% because the value of collateral can fluctuate. |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soonish! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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Greatdane (OP)
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Activity: 15
Merit: 0
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November 02, 2018, 12:21:57 AM |
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Collateral should be 120% of the loan asked for and not 100.
As the one who originally came up with this guideline, I should correct you to say it should be 120% of the repayment amount. Repayment amount because that is what you are risking - not the loan amount. 120% because the value of collateral can fluctuate. Yea I understood what he said. I would gladly come up with collateral worth 120% of the loan request. I am just not in a position where that is possible. I hoped somebody could help me with the loan, under the terms I offered. My collateral has a higher value than the loan I am asking for. So I thought I would give it a try :-) |
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Vod
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Activity: 3710
Merit: 3080
Licking my boob since 1970
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November 02, 2018, 12:58:36 AM |
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Yea I understood what he said. I would gladly come up with collateral worth 120% of the loan request. I am just not in a position where that is possible. I hoped somebody could help me with the loan, under the terms I offered. My collateral has a higher value than the loan I am asking for. So I thought I would give it a try :-)
Yes, you made a sincere attempt, and that is why I don't distrust you. Good luck. |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soonish! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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Greatdane (OP)
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Activity: 15
Merit: 0
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November 02, 2018, 01:09:55 AM |
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Yea I understood what he said. I would gladly come up with collateral worth 120% of the loan request. I am just not in a position where that is possible. I hoped somebody could help me with the loan, under the terms I offered. My collateral has a higher value than the loan I am asking for. So I thought I would give it a try :-)
Yes, you made a sincere attempt, and that is why I don't distrust you. Good luck. Thank you! :-) |
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shasan
Copper Member
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Activity: 2212
Merit: 1274
Need a Bounty Manager? t.me/shasan32
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November 02, 2018, 03:24:33 AM |
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Thank you guys. I understand the issue. I will change the loan amount and collateral offer a bit.
I will remake my loan request
Loan amount 0.007
Repayment 0.0077
CollateraL: 850 cardano
I can fill the loan. If you are ready to send collateral then let me know. You may also request loan on Lending Service Started!. |
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Greatdane (OP)
Newbie
Offline
Activity: 15
Merit: 0
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November 02, 2018, 05:12:15 AM |
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Thank you guys. I understand the issue. I will change the loan amount and collateral offer a bit.
I will remake my loan request
Loan amount 0.007
Repayment 0.0077
CollateraL: 850 cardano
I can fill the loan. If you are ready to send collateral then let me know. You may also request loan on Lending Service Started!. I Will sumbit a request on your page. Thank you! |
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shasan
Copper Member
Legendary
Offline
Activity: 2212
Merit: 1274
Need a Bounty Manager? t.me/shasan32
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November 02, 2018, 05:34:18 AM |
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Thank you guys. I understand the issue. I will change the loan amount and collateral offer a bit.
I will remake my loan request
Loan amount 0.007
Repayment 0.0077
CollateraL: 850 cardano
I can fill the loan. If you are ready to send collateral then let me know. You may also request loan on Lending Service Started!. I Will sumbit a request on your page. Thank you! Replied on your loan request. Please have a look on that. If that is okay then please lock this thread. Thanks. |
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