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Author Topic: [Asking] 1.4BTC loan, have collateral.  (Read 1124 times)
miffman
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June 27, 2014, 01:07:21 PM
 #1

I'm looking for 1.4BTC, my collateral is 2 10ltc error lealana coins. I need to BTC ASAP, so I'm willing to prove anything I can for you to send first.

Payback: 1.55BTC
Time: 2 weeks

Escrow if needed. Pics etc also available

EDIT: yes, I will ship.














 

 

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June 27, 2014, 01:19:36 PM
 #2

I'm looking for 1.4BTC, my collateral is 2 10ltc error lealana coins. I need to BTC ASAP, so I'm willing to prove anything I can for you to send first.

Payback: 1.55BTC
Time: 2 weeks

Escrow if needed. Pics etc also available

Collateral not in lender/escrow hand is not true collateral. Can you ship them to a trustable escrow ?

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
miffman
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June 27, 2014, 01:25:40 PM
 #3

I'm looking for 1.4BTC, my collateral is 2 10ltc error lealana coins. I need to BTC ASAP, so I'm willing to prove anything I can for you to send first.

Payback: 1.55BTC
Time: 2 weeks

Escrow if needed. Pics etc also available

Collateral not in lender/escrow hand is not true collateral. Can you ship them to a trustable escrow ?

Sorry. I forget to add, yes I'm willing to ship it.

EDIT: I would like to get BTC as fast as possible, so I'd want to ship as soon as I can, or let you send first and then receive the package when it arrives. I don't mind.














 

 

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miffman
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June 27, 2014, 02:05:13 PM
 #4

Is there anyone even remotely interested? At this rate I could just ask for 1.35 so I can find someone faster.














 

 

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byt411
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June 27, 2014, 03:43:11 PM
 #5

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.
miffman
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June 27, 2014, 04:00:05 PM
 #6

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.














 

 

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byt411
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June 27, 2014, 04:03:25 PM
 #7

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.

Lol, but it's a hassle, and if I just cashout the 20 LTC in it, it's only worth around 0.3BTC.
miffman
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June 27, 2014, 04:16:06 PM
 #8

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.

Lol, but it's a hassle, and if I just cashout the 20 LTC in it, it's only worth around 0.3BTC.

I get that, but since these are part of a limited batch, I feel like you could get the owed amount that I specified.

EDIT: Does a loan of 1.3BTC sound more reasonable?














 

 

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byt411
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June 27, 2014, 04:22:00 PM
 #9

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.

Lol, but it's a hassle, and if I just cashout the 20 LTC in it, it's only worth around 0.3BTC.

I get that, but since these are part of a limited batch, I feel like you could get the owed amount that I specified.

EDIT: Does a loan of 1.3BTC sound more reasonable?

I'm not sure. Why do you need the funds?
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June 27, 2014, 04:24:46 PM
 #10

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.
Do you know that shipping from South Africa takes more than a week?
And i doubt anyone will loan it to you till they won't have collateral in their hands.

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Scott J
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June 27, 2014, 04:31:28 PM
 #11

Where are you located, and can you please provide pics? Also, the coins aren't worth that much, you know.

South Africa

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2Fa9qs87.jpg&t=541&c=KBeyIVRxisf4RA

Well I've seen quite a few sales over 1.5BTC around the net, so I thought it would be.

Lol, but it's a hassle, and if I just cashout the 20 LTC in it, it's only worth around 0.3BTC.
These coins are worth more than 20 LTC, significantly more IMO.

rapsaodan84
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June 27, 2014, 04:34:55 PM
 #12

It'd be useful if you find a trusted escrow in South Africa and set up things with him.

Then whoever lends you will send you after the escrow confirms he has your coins.

It would make possible to close tje deal much faster.
miffman
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June 27, 2014, 04:41:13 PM
 #13

I shipped something to the UK a few weeks back and it took 4 or 5 days and it costed about 9$ equiv. I'd be able to pay expensive shipping I guess. And I don't think there are any proper trusted escrows in south africa like we have on the forum.

I want the funds to pay for the items in the DobZombie Auction, and I have some upcoming money in about 2 weeks, and Dz's auction is gonna end in a few days.














 

 

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haploid23
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June 27, 2014, 05:47:37 PM
 #14

miffman, I can provide this loan, but perhaps with slightly different conditions. I'm willing to loan you 1.40btc, no need to ship physical Lealana coins as collateral, but repayment is 1.60btc in 2 weeks. This is roughly only 1% interest per day, no compounding. I figured the extra 0.05btc from your original offering comes out to be cheaper than two way international shipping for the collateral. If you agree with this, I can send the btc right away, just post you wallet address.

byt411
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June 27, 2014, 05:53:28 PM
 #15

miffman, I can provide this loan, but perhaps with slightly different conditions. I'm willing to loan you 1.40btc, no need to ship physical Lealana coins as collateral, but repayment is 1.60btc in 2 weeks. This is roughly only 1% interest per day, no compounding. I figured the extra 0.05btc from your original offering comes out to be cheaper than two way international shipping for the collateral. If you agree with this, I can send the btc right away, just post you wallet address.

Actually, I have a better idea. We can negotiate with DobZombie to have the lender directly pay him and have him ship the products to OP, then OP repays later. (That's if lender doesn't want collateral).
This assures that the funds won't be used for something else.
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June 27, 2014, 06:01:49 PM
 #16

miffman, I can provide this loan, but perhaps with slightly different conditions. I'm willing to loan you 1.40btc, no need to ship physical Lealana coins as collateral, but repayment is 1.60btc in 2 weeks. This is roughly only 1% interest per day, no compounding. I figured the extra 0.05btc from your original offering comes out to be cheaper than two way international shipping for the collateral. If you agree with this, I can send the btc right away, just post you wallet address.

Actually, I have a better idea. We can negotiate with DobZombie to have the lender directly pay him and have him ship the products to OP, then OP repays later. (That's if lender doesn't want collateral).
This assures that the funds won't be used for something else.

That works too. But I don't really mind if he uses it for something else. If he was a scammer, the end result would still be the same anyways. If I sent the 1.4btc directly to DobZombie and the item was shipped to miffman, then miffman decides to never pay me back, there's nothing I can do except leave negative feedback. He still received his auction coins, I never got repayment. If I sent miffman the 1.4btc directly to do whatever he wants and he doesn't pay back, I'm still out that amount.

miffman
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June 27, 2014, 06:10:45 PM
 #17

Both of these ideas are great! However, for my own protection, and yours, I would be more comfortable with shipping the collateral. If something happens, I'm going to be labelled a scammer,  which is the worst case scenario for me.

Fiat is not a problem for me at all. I just don't covert my Fiat to BTC since the exchanges here still need to gain rep. So @haploid23,  I suppose I don't mind covering shipping from me to you, then once 2 weeks are over and I've repaid 1.6, then I can paypal the Fiat and you send it back. I'll PM you when I get back (2-3 hours)














 

 

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TookDk
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June 27, 2014, 07:30:24 PM
 #18

miffman, fyi the current market price for the item you are bidding on is 2.2-2.4BTC.
I have seen you around a lot in the market section, you seam like a good guy, so please don't get offended, this is just a friendly piece of advice, take it or leave it: perhaps you should reconsider getting this coin, and buy it when you have the liquidity to do so. Lending is a risky business, especially when you have to send items as collateral, you could end up spending the same amount on 2 x insured shipping + interest + escrow fee's as the amount you save. You are also running a risk of being a stamped as a welcher if you cannot commit to your offer.

(For the record, I have no interest of the item discussed, since I already have one like it).

Kind regards,

Cryptography is one of the few things you can truly trust.
miffman
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June 27, 2014, 08:13:30 PM
 #19

miffman, fyi the current market price for the item you are bidding on is 2.2-2.4BTC.
I have seen you around a lot in the market section, you seam like a good guy, so please don't get offended, this is just a friendly piece of advice, take it or leave it: perhaps you should reconsider getting this coin, and buy it when you have the liquidity to do so. Lending is a risky business, especially when you have to send items as collateral, you could end up spending the same amount on 2 x insured shipping + interest + escrow fee's as the amount you save. You are also running a risk of being a stamped as a welcher if you cannot commit to your offer.

(For the record, I have no interest of the item discussed, since I already have one like it).

Kind regards,

This is great info. Thank you. My problem is that these coins from the auction, the price for the 2 items I want come at such a great price (~2.6 for a cas coin and the gold plated bar, something I've been eyeing for a while) and this is the first time I've ever seen it happen. I've been browsing the forums for a long time, and this is the first time I actually have a good opportunity to get them. I'm torn. I would like to purchase them. And on the other hand, if Dz decides to not sell them, then I lose out.














 

 

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TookDk
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June 27, 2014, 08:51:06 PM
 #20

This is great info. Thank you. My problem is that these coins from the auction, the price for the 2 items I want come at such a great price (~2.6 for a cas coin and the gold plated bar, something I've been eyeing for a while) and this is the first time I've ever seen it happen. I've been browsing the forums for a long time, and this is the first time I actually have a good opportunity to get them. I'm torn. I would like to purchase them. And on the other hand, if Dz decides to not sell them, then I lose out.

Personally I hope Dz don't sell any all this great stuff. Nevertheless, remember he chose himself what to sell, based on the premium (and he knows what he is dealing with).
The Cas coin could go for 2BTC, since it is close to the market-price, I am unsure about the bar.

Anyway, just want you to step back and reconsider putting your self in debt for collectables, not having debt and worries are in my book "priceless".

Remember Gold and silver can be blinding, it has always had that effect on humans(for centuries) -which partly explain why we consider it "valuable".  
I wish you the best.

Cryptography is one of the few things you can truly trust.
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