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Author Topic: [REPAID] .6BTC Loan for GPUs 10% Interest  (Read 1585 times)
Walking Glitch (OP)
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March 15, 2014, 06:31:52 PM
Last edit: April 06, 2014, 06:45:58 PM by Walking Glitch
 #1

I am requesting a .6BTC loan for 45 days to purchase more GPUs, repayment to be 0.66BTC. I have recently found a possible good deal on a pair of 6970s. Repayment will come from my 4 GPUs that I already have, two 6970s, and two 6950s, plus the two 6970s that I wish to buy soon. I also do some work for cash in the real world, and I have some computer hardware I can sell if needed.

I have done several successful loans in the past:

https://bitcointalk.org/index.php?topic=417883.0
https://bitcointalk.org/index.php?topic=379304.0
https://bitcointalk.org/index.php?topic=432683.0

I also have a fair bit of trust from several dealings here.

EDIT: Changed interest rate.


KWH and I worked out a loan for .25BTC, with .28BTC to be repaid in sixteen or less days.

Loan Repaid.
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Crypto.Conyo
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March 15, 2014, 06:40:03 PM
 #2

Hi!
Can you offer:
- 120% of the value in LTC as collateral
- 11% interest rate
- escrow service should be accepted (fee is included)

PM if you are interested
Walking Glitch (OP)
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March 15, 2014, 06:55:24 PM
 #3

Hi!
Can you offer:
- 120% of the value in LTC as collateral
- 11% interest rate
- escrow service should be accepted (fee is included)

PM if you are interested


I don't have LTC for collateral, otherwise I would just use it to buy the GPUs. I do have a Steam account that I may be able to escrow soon, if necessary, though I would rather not. I am also unable to do 11% interest if you demand collateral, as that is worth much more than the risk you are taking if you have collateral, 7.5% is already on the high side. If we do collateral of some sort escrow is accepted of course, and is almost a must. I can also work out something with leaving ID with an escrow if you want, I'm rather flexible.
Crypto.Conyo
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March 15, 2014, 07:10:39 PM
 #4

Hi!
- Collateral is something you can easily and very fast resell. So it's not the case of a Steam account nor an ID.
- 11% is less than the percentage that BTC/USD rate can vary (up/down) in just 1 day. Simply have a look in the timeframe of 45 days ago from today and you understand how much could be risky.

Have a nice evening, CC.

Walking Glitch (OP)
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March 15, 2014, 07:16:18 PM
 #5

Hi!
- Collateral is something you can easily and very fast resell. So it's not the case of a Steam account nor an ID.
- 11% is less than the percentage that BTC/USD rate can vary (up/down) in just 1 day. Simply have a look in the timeframe of 45 days ago from today and you understand how much could be risky.

Have a nice evening, CC.



You can sell a Steam account rather easily, it is done quite often. Anyways, I am not getting a USD loan, and I am not repaying in USD, so the BTC/USD price does not matter.

You too.
Walking Glitch (OP)
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March 16, 2014, 05:42:49 PM
 #6

Anyone? This went below the scroll line in a hurry...
howzar
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March 16, 2014, 06:35:28 PM
 #7

45 days is a while....
Walking Glitch (OP)
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March 16, 2014, 07:29:12 PM
 #8

45 days is a while....


I could go shorter, but I like to err on the side of caution in case something comes up, it gives me time to fix any problems that might come up.
howzar
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March 17, 2014, 05:15:53 PM
 #9

I usually loan for a maximum of 2 weeks or otherwise the interest is not worth it and I could do something more useful with that btc.
Walking Glitch (OP)
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March 17, 2014, 05:44:29 PM
 #10

I usually loan for a maximum of 2 weeks or otherwise the interest is not worth it and I could do something more useful with that btc.

Ahh. I am thinking of changing the loan for one GPU, and consolidating a couple of old alt coin holdings into BTC, and lowering the length and amount. Seems not to be a lot of interest in lending right now. Hypothetically, does a .25 BTC loan with %10 interest for 16 days sound more reasonable?
howzar
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March 17, 2014, 07:48:49 PM
 #11

I usually loan for a maximum of 2 weeks or otherwise the interest is not worth it and I could do something more useful with that btc.

Ahh. I am thinking of changing the loan for one GPU, and consolidating a couple of old alt coin holdings into BTC, and lowering the length and amount. Seems not to be a lot of interest in lending right now. Hypothetically, does a .25 BTC loan with %10 interest for 16 days sound more reasonable?

Personally for 0.25 I would want 0.29 paid back in 16 days.
Walking Glitch (OP)
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March 17, 2014, 09:00:08 PM
 #12

I usually loan for a maximum of 2 weeks or otherwise the interest is not worth it and I could do something more useful with that btc.

Ahh. I am thinking of changing the loan for one GPU, and consolidating a couple of old alt coin holdings into BTC, and lowering the length and amount. Seems not to be a lot of interest in lending right now. Hypothetically, does a .25 BTC loan with %10 interest for 16 days sound more reasonable?

Personally for 0.25 I would want 0.29 paid back in 16 days.

If you could meet me at half way, at 0.282 to be repaid in 16 days, then I would take it.
howzar
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March 18, 2014, 06:23:43 AM
 #13

How about 0.25, 14 days maximum, repayment 0.28.

I will think about it no promises.
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March 19, 2014, 08:57:43 PM
 #14

KWH and I worked out a collateral-less loan for .25BTC, with .28BTC to be repaid in sixteen or less days.


Thank you everyone for your interest, and special thanks to KWH for filling the loan.

I will have KWH confirm when he gets back.
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March 20, 2014, 12:59:31 AM
 #15

KWH and I worked out a collateral-less loan for .25BTC, with .28BTC to be repaid in sixteen or less days.


Thank you everyone for your interest, and special thanks to KWH for filling the loan.

I will have KWH confirm when he gets back.

Confirmed. Transaction ID: 9be8a7b8f81d614a0233629206309c26ec7545e9830f97d67ad274d6e149a129

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
Walking Glitch (OP)
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March 20, 2014, 01:45:06 AM
 #16

KWH and I worked out a collateral-less loan for .25BTC, with .28BTC to be repaid in sixteen or less days.


Thank you everyone for your interest, and special thanks to KWH for filling the loan.

I will have KWH confirm when he gets back.

Confirmed. Transaction ID: 9be8a7b8f81d614a0233629206309c26ec7545e9830f97d67ad274d6e149a129


Thank you very much. Repayment to be by or on April 4th, 2014.
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April 06, 2014, 12:21:47 PM
Last edit: April 06, 2014, 05:06:30 PM by KWH
 #17

KWH and I worked out a collateral-less loan for .25BTC, with .28BTC to be repaid in sixteen or less days.


Thank you everyone for your interest, and special thanks to KWH for filling the loan.

I will have KWH confirm when he gets back.

Confirmed. Transaction ID: 9be8a7b8f81d614a0233629206309c26ec7545e9830f97d67ad274d6e149a129


Thank you very much. Repayment to be by or on April 4th, 2014.

Everything going alright? Loan is past due. If you need an extension, contact me.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
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April 06, 2014, 01:04:23 PM
 #18

Time's up i believe!

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WALLET




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Walking Glitch (OP)
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April 06, 2014, 06:33:05 PM
 #19

KWH and I worked out a collateral-less loan for .25BTC, with .28BTC to be repaid in sixteen or less days.


Thank you everyone for your interest, and special thanks to KWH for filling the loan.

I will have KWH confirm when he gets back.

Confirmed. Transaction ID: 9be8a7b8f81d614a0233629206309c26ec7545e9830f97d67ad274d6e149a129


Thank you very much. Repayment to be by or on April 4th, 2014.

Everything going alright? Loan is past due. If you need an extension, contact me.

Sorry, fell asleep last night while waiting for a withdrawl from cryptsy. It's processed now, so I will be sending it over. Sorry about that.



EDIT: Payment sent:
71d7619573362ee71f672a569741f99965aee5098c952bb94d8cced662004b75

I sent an extra .002 because it is a day late.
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April 06, 2014, 07:36:46 PM
 #20

Confirmed. Not a problem, was going to give you extra time if needed. Thanks for the extra.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
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