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Bitcoin Forum > Economy > Marketplace > Lending > Looking for a 2BTC loan
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fastminer (OP)
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May 10, 2014, 09:12:42 PM
 #1
i am looking to borrow 2 BTC.

i have collateral in the form of EXE coins worth 3BTC.

if this is sufficient id like to borrow the loan for two weeks

only reputable lenders, new lenders shall not be handed  the collateral, it will be given to a trusted third party
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austin
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May 10, 2014, 11:29:43 PM
 #2
Quote from: fastminer on May 10, 2014, 09:12:42 PM
i am looking to borrow 2 BTC.

i have collateral in the form of EXE coins worth 3BTC.

if this is sufficient id like to borrow the loan for two weeks

only reputable lenders, new lenders shall not be handed  the collateral, it will be given to a trusted third party
How many exe are you offering?
elitenoob
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May 11, 2014, 12:37:24 AM
 #3
Quote from: austin on May 10, 2014, 11:29:43 PM
Quote from: fastminer on May 10, 2014, 09:12:42 PM
i am looking to borrow 2 BTC.

i have collateral in the form of EXE coins worth 3BTC.

if this is sufficient id like to borrow the loan for two weeks

only reputable lenders, new lenders shall not be handed  the collateral, it will be given to a trusted third party
How many exe are you offering?
Checked price on crypsty so it must be around 100k exe to be 3BTC worth...
austin
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May 11, 2014, 12:56:33 AM
 #4
Quote from: elitenoob on May 11, 2014, 12:37:24 AM
Quote from: austin on May 10, 2014, 11:29:43 PM
Quote from: fastminer on May 10, 2014, 09:12:42 PM
i am looking to borrow 2 BTC.

i have collateral in the form of EXE coins worth 3BTC.

if this is sufficient id like to borrow the loan for two weeks

only reputable lenders, new lenders shall not be handed  the collateral, it will be given to a trusted third party
How many exe are you offering?
Checked price on crypsty so it must be around 100k exe to be 3BTC worth...
I was considering this loan, but the exe volume on cryptsy is a little to low for my comfort. Selling 3 btc worth would crash the price considerably.
fastminer (OP)
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May 11, 2014, 01:59:12 AM
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yes it is 98500. ofcourse selling it instantly, price can drop but buy orders will continue to show if it gets cheaper, but i would be paing off the loan, to get my exe back
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May 11, 2014, 02:01:20 AM
 #6
Quote from: fastminer on May 11, 2014, 01:59:12 AM
yes it is 98500. ofcourse selling it instantly, price can drop but buy orders will continue to show if it gets cheaper, but i would be paing off the loan, to get my exe back

There is no indication this coin will go up in value, and will probably go down should the lender try and recoup his losses by selling the coin.

I think in this case, it would be best if you sold off your EXEcoin for the bitcoin you need.

This means you no longer need the loan!  Smiley
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fastminer (OP)
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May 11, 2014, 02:08:13 AM
 #7
Quote from: Vod on May 11, 2014, 02:01:20 AM
Quote from: fastminer on May 11, 2014, 01:59:12 AM
yes it is 98500. ofcourse selling it instantly, price can drop but buy orders will continue to show if it gets cheaper, but i would be paing off the loan, to get my exe back

There is no indication this coin will go up in value, and will probably go down should the lender try and recoup his losses by selling the coin.

I think in this case, it would be best if you sold off your EXEcoin for the bitcoin you need.

This means you no longer need the loan!  Smiley

ok i doubt i will sell the coins, as i think it will go up, instead il just find another way to get funds of i can. il leave this thread open for some days and see what happens.

thanks
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