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Author Topic: Lets make a deal - CLOSED  (Read 1924 times)
PatrickHarnett
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February 12, 2012, 08:05:21 PM
 #21

Evolution in the lending market is progressing quite well.  The newer lenders want to get in, but don't want to get burned and that is entirely fair.  If you have been watching, IMSA, INAU, Burt, Dollar trader and myself have been lending and doing some syndication.  There are a few others around too (sometimes I lose track of names and user IDs).

As a suggestion, if I knew how much people had available to loan, and a target rate (like 10%), then ideally they would share in the profits and have limited downside.  This would normally be done via diversification, but could also be done via a maximum loss of say 20%.

That is, if Film put up 10 coins and it was part of a 100 coin loan that went bad, the most they would be out of pocket is 2 coins.  I'd carry the loss based on any difference between the 10% and the lending rate (which I try to target at 15% currently).  Yes, you miss out on the top rate, but you don't lose your shirt either.
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BTC guy
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February 12, 2012, 08:46:01 PM
 #22

I think the lending forum is awesome. I want to get involved somehow but i dont think high risk loans for small returns is for me. I might do it for people with good rep but thats about it.
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February 12, 2012, 09:07:01 PM
 #23

I think the lending forum is awesome. I want to get involved somehow but i dont think high risk loans for small returns is for me. I might do it for people with good rep but thats about it.

So, low risk loans for high returns?  Sounds good.

So, being part of a syndicate not a good idea?  Coins sit gathering dust until used, then get return, and insured against loss?
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February 12, 2012, 09:24:53 PM
 #24

Low risk? Dont fool yourself. All loans on this forum are high risk. High risk should mean decent return. I personally am insulted with 10% but if you think its a good deal more power to you. I hope everything works out good for you.
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February 12, 2012, 09:27:11 PM
 #25

Ah, I understand your earlier post better now.
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February 12, 2012, 09:48:50 PM
 #26

What interest rate would you be looking for 20%

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