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jaybny (OP)
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May 05, 2011, 05:43:23 PM |
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Looking to borrow BTC, will send you USD-MTGOX as collateral.
so you lend me 200 BTC
I send you $800
then..
I repay you 202 BTC
you give me my $800 back.
anyone?
send me message on #bitcoin-otc
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gusti
Legendary
 Offline
Activity: 1099
Merit: 1000
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May 05, 2011, 05:51:47 PM |
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are you willing to send first ?
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If you don't own the private keys, you don't own the coins.
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jaybny (OP)
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May 05, 2011, 06:07:49 PM |
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yes if you have a good rep on otc... do u?
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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May 05, 2011, 06:45:12 PM |
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For how long?
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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May 05, 2011, 06:53:56 PM |
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If you don't own the private keys, you don't own the coins.
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jaybny (OP)
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May 05, 2011, 06:59:33 PM |
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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May 05, 2011, 07:02:52 PM |
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And if price shoots to $10 are going to default and leave the $800 or are you going to cover it? |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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jaybny (OP)
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May 05, 2011, 07:32:30 PM |
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no - im paying you above BTC price right now... you can use the $800 and buy your own BTC... you have no risk.. really
will do it for $1000 ... anyone?
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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May 05, 2011, 07:33:59 PM |
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no - im paying you above BTC price right now... you can use the $800 and buy your own BTC... you have no risk.. really
will do it for $1000 ... anyone?
yes, i told you i'm interested pls pm me with your email |
If you don't own the private keys, you don't own the coins.
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ploum
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May 05, 2011, 07:53:24 PM |
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Why do you want to do that? What is your benefit in this scheme?
It means that you buy btc above price market now. Assuming the price goes above 4$, you will then sell beneath price market.
The other question is how could you ensure that the other part will give you your 800$back?
Let see what are the possible risks:
- btc price goes above 4$. If the taker bought 800$ of btc and sell them, he has a nice benefit.
- btc price remains more or less the same: taker earn 2btc.
- btc price falls dramatically: the taker might loose money if he bought btc with your 800$
- after the first transaction, you disappear. Taker has sell 200btc above market price. He wins.
- after the first transaction, the taker disappear. Same scenario as above.
So my question remains: what is your benefit?
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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May 05, 2011, 08:10:08 PM |
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My benefit is to win under scenarios with BTC rate going down or remain the same. If BTC rate goes beyond $4, I can think it of selling 200 btc now at that rate. So I win too.  edited : you see, I'm always optimistic.  |
If you don't own the private keys, you don't own the coins.
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jaybny (OP)
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May 05, 2011, 09:20:04 PM |
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thanks guys. im good
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