Request LOAN 0.067 BTC

[Sectorcleaar]

I want to apply for a loan of 0.067 BTC, as collateral I have an S8 token of 105000. Maximum payment of 1 week with an interest of 10%. for the price of S8, you can check with this link https://p2pb2b.io/trade/S8_BTC. Thanks before

[suchmoon]

That's more than the whole order book and more than a week's worth of volume of some shitcoin on a shady exchange. This is not a valid collateral.

[Sectorcleaar]

if you think my collateral is invalid I apologize to you. but I am really serious about borrowing, and I only have this collateral . because I only need a loan within 1 week, after 1 week I will return the debt along with the interest

[Deathwing]

Usually when asking for a loan if there is a need for collateral (low trust, low reputation, somewhat new account) it is somewhat an unwritten rule to offer the base amount + a bit of interest, something like 120% which CAN be cashed out/sold by the lender if there is a non-repayment. You are offering a literal shitcoin that is not even listed on Coinmarketcap and on top of that, you are offering more than 100k of it. Even the "exchange" you have linked here does not have enough buy orders to cover that amount. No matter how "important" your need may be, you can try selling your shittoken and find the remaining amount via other ways.

[Sectorcleaar]

thank you for giving an explanation, I think that is enough explanation from the seniors here, I declare the loan canceled. maybe I will try to be in debt to the bank or my brother.