do i have good enough collateral?

[lashton]

Hi, noobie here

Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?

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[monbux]

No, that is not a valid collateral.  You can easily claim it back using social engineering.  I would suggest any altcoins or digital goods you own, and try and put those up as collateral

[roslinpl]

Hi, noobie here

Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?

Welcome to the forums.

IF you are thinking about any loan you should read:

https://bitcointalk.org/index.php?topic=577765.0
https://bitcointalk.org/index.php?topic=246874.0

That will give you enough information about how does it work over here and what you will need if you want to ask for a loan.

Good luck.

Kind regards.

[acs267]

Nobodies against CEX. Most people just recognize how unprofitable it is. You should set aside some money for trading. It doesn't eat your money away like CEX.

[bigasic]

Its pretty easy to figure out. If you are using a good alt coin, then lenders will usually take 120 percent of the value. so if you wanted to borrow 1 dollar, you would have to have 1.20 in collateral. now, if you have some trust, etc, some lenders will go even, or even bag the collateral altogether, but thats after having a lot of successful transactions.

Baby steps...