Seeking $1,000 Loan for 3 months @ 15% interest [Respected User]

[420]

I have around $100,000 in completed contracts I have fulfilled:
https://bitcointalk.org/index.php?topic=145492.msg1543691#msg1543691

Looking to borrow $1,000 or a similar negotiable amount ($500 multiple would be good)
I'd prefer to be funded in BitStamp USD, BTC-e USD, Vircurex Code, VouchX or last resort Dwolla

I currently have $0 Debt

I'm also open to lending out at a slightly higher rate for a lower amount

[1715642407]

1715642407

[1715642407]

1715642407

[1715642407]

1715642407

[dorift_it]

i can lend you 2 BTC if interested

[🏰 TradeFortress 🏰]

i can lend you 2 BTC if interested

You should read OP.

[420]

i can lend you 2 BTC if interested

You should read OP.

right. I'm only looking for USD denominated loans for a minimum of $500

[Eisenhower34]

Hm... I wanted to buy some LTCs right now but I can also offer you this instead:

$1000 @ 10% interest monthly for 3 months
Instead of paying the interest you give me a buy option of 1000 LTC @ $2.5 strike for 3 months.

Edit: the funds would be delivered in BTC @ MtGoxLast

[420]

Hm... I wanted to buy some LTCs right now but I can also offer you this instead:

$1000 @ 10% interest monthly for 3 months
Instead of paying the interest you give me a buy option of 1000 LTC @ $2.5 strike for 3 months.

Edit: the funds would be delivered in BTC @ MtGoxLast

Need a higher strike price

Also had an offer for 7% one month so I won't pay more than that monthly

[Eisenhower34]

Not really reasonable... if i buy 500 ltc with my 1000 usd i already have a profit of 250 usd at 2.5 while i still have no profit with you. Only if the price goes above $3 then i would make more profit with this option... As long as the price stays below 2.75 you pay less interest than you would do with the fix 10%

[milly6]

IMO He wants the USD so he can gamble less with this loan, not more? And your offer is a gamble no matter what way you look at it.. for example if ltc goes to 5 bux again then he is paying A LOT and that doesnt make sense with the nature of this loan seeming to be for stability of paying it back without btc or ltc going way up.. correct me if im wrong op

[Eisenhower34]

Why do always some nobodys jump in and want to demonstrate their smartness...

So first, 420 is known for buying and selling LTC options.
"IMO He wants the USD so he can gamble less with this loan, not more?" wrong, 420 speculates that the price for BTC and LTC is going up and is therfor looking for cheap cash to buy some coins.
"And your offer is a gamble no matter what way you look at it.." yes, thats the nature of options ... if someone could predict the future he would make a huge profit.
"for example if ltc goes to 5 bux again then he is paying A LOT" I would be open to negotiations to limit his loss in case of a huge jump, like strike + max $2 ($4.5, max $2000 loss) executed as soon as LTC breaks the $4.5 barrier on BTCE for example.

Anyway, 420 didnt reply to my last answer so I think he took the 7.5% and my offer is off the table.

[420]

Loaned from Garr255:

https://bitcointalk.org/index.php?topic=145492.msg1879194#msg1879194