foggyb (OP)
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January 18, 2012, 11:57:44 PM
Last edit: January 21, 2012, 06:39:32 PM by foggyb |
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Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be:
- 5-8 days loan of $700 in BTC (regardless of exchange rate)
- I am insuring myself against price increase by locking in the USD exchange
- Loan re-payment will be in BTC, but locked to USD rate at time of loan.
- The interest rate I will pay is 1% (of BTC principal) non-compounded per day.
- i need flexibility to repay the loan at any time within the range stated.
If you are able to meet my terms, please PM me.
Thanks.
foggyb
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farfiman
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January 19, 2012, 08:12:09 AM |
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Need a loan of $700 USD worth of BTC for a few days. I will be exchanging this amount of cash for BTC, but since it is not available to me yet, I want to protect myself from large price increases by taking a loan. The terms would be:
- 5-8 days loan of $700 in BTC (regardless of exchange rate)
- The interest rate I will pay is 0.8% per day.
- i need flexibility to repay the loan at any time within the range stated.
If you are able to meet my terms, please PM me.
Thanks.
foggyb
1 person loan or multiple smaller ones ok? |
"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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foggyb (OP)
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January 19, 2012, 05:10:49 PM |
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I would prefer a single lender, but I have not had any offers yet.
PM me with details, please.
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Hey everyone! 🎉 Dive into the excitement with the Gamble Games Eggdrop game! Not only is it a fun and easy-to-play mobile experience, you can now stake your winnings and accumulate $WinG token, which has a finite supply of 200 million tokens. Sign up now using this exclusive referral link! Start staking, playing, and winning today! 🎲🐣 |
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chungenhung
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January 19, 2012, 10:19:27 PM |
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any reps?
PM me.
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BurtW
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All paid signature campaigns should be banned.
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January 19, 2012, 11:41:20 PM |
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I think the difficulty is that this is a USD denominated loan so you may have a tough time getting someone to bite.
As I understand it if BTC prices go down you would pay me back more BTC than I gave you but if prices go up I would get back less BTC than I gave you. If I do BTC denominated loans then I always get back more BTC when repaid.
Or, am I missing something here?
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foggyb (OP)
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January 20, 2012, 12:07:07 AM |
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Yes, you're right. I was thinking we have enough bears on this board that someone would bite.  I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. |
Hey everyone! 🎉 Dive into the excitement with the Gamble Games Eggdrop game! Not only is it a fun and easy-to-play mobile experience, you can now stake your winnings and accumulate $WinG token, which has a finite supply of 200 million tokens. Sign up now using this exclusive referral link! Start staking, playing, and winning today! 🎲🐣 |
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brendio
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January 20, 2012, 01:27:36 AM |
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Yes, you're right. I was thinking we have enough bears on this board that someone would bite. I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. |
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foggyb (OP)
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January 20, 2012, 05:24:24 PM |
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Still looking for a lender. No solid offers yet.
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Hey everyone! 🎉 Dive into the excitement with the Gamble Games Eggdrop game! Not only is it a fun and easy-to-play mobile experience, you can now stake your winnings and accumulate $WinG token, which has a finite supply of 200 million tokens. Sign up now using this exclusive referral link! Start staking, playing, and winning today! 🎲🐣 |
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copumpkin
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I'm actually a pineapple
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January 20, 2012, 06:14:01 PM |
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Yes, you're right. I was thinking we have enough bears on this board that someone would bite. I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. LOl, option market emerging. I should start a service but it would be illegal as hell ..... You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy  |
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brendio
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January 21, 2012, 03:40:35 AM |
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Yes, you're right. I was thinking we have enough bears on this board that someone would bite. I don't need the BTC loan, am merely trying to lock in an exchange rate. If no one is willing to loan the $700 & BTC exchange stays stable, then I'm happy too. If that's what you're after, I'll offer you 112 $6.25 call options expiring in 7 days for a cost of 12 BTC. Exercisable with a Mt Gox USD voucher. Alternatively, a CFD (contract for difference) at a cost of carry of 1% per day, payable and settled in BTC. (My call option offer is open so long as the Gox price stays below $6.38.) This all assumes you have some BTC available to pay the premiums. LOl, option market emerging. I should start a service but it would be illegal as hell ..... You can already buy options at http://polimedia.us/bitcoin/options.php. No selling, unfortunately, except for ones you bought from the guy I really miss bitoption. They still hve some of my coins too.  |
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foggyb (OP)
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Activity: 1736
Merit: 1006
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January 21, 2012, 06:41:31 PM |
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I got my loan.
Brendio if you see this, please confirm that we have canceled our CFD arrangement.
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Hey everyone! 🎉 Dive into the excitement with the Gamble Games Eggdrop game! Not only is it a fun and easy-to-play mobile experience, you can now stake your winnings and accumulate $WinG token, which has a finite supply of 200 million tokens. Sign up now using this exclusive referral link! Start staking, playing, and winning today! 🎲🐣 |
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brendio
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January 22, 2012, 04:19:44 AM |
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I got my loan.
Brendio if you see this, please confirm that we have canceled our CFD arrangement.
Confirmed. |
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