needmoney (OP)
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October 15, 2014, 08:00:01 AM |
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I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral.
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marcotheminer
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October 15, 2014, 09:19:32 AM Last edit: October 15, 2014, 09:31:47 AM by marcotheminer |
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I can do this. Let me write up a contract.
Edit: PM Sent.
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needmoney (OP)
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October 15, 2014, 09:33:03 AM |
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I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ?
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marcotheminer
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October 15, 2014, 09:37:17 AM |
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I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ? I won't (unless the value drops below 105% worth of the loan), that is the point of collateral.
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needmoney (OP)
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October 15, 2014, 09:41:48 AM |
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I can do this. Let me write up a contract.
Edit: PM Sent.
Okay, but please don't exchange my litecoins okay ? I won't (unless the value drops below 105% worth of the loan), that is the point of collateral. No, i mean never exchange it when i pay you back. Anyway, i don't want to your btc. Thanks
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marcotheminer
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October 15, 2014, 09:49:38 AM |
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Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
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needmoney (OP)
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October 15, 2014, 09:57:49 AM |
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Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back. So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now.
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marcotheminer
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October 15, 2014, 10:03:12 AM |
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Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back. So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now. Hence why people ask for 115% - 125% collateral. "I'll pay it back." For all I know, that is an empty promise.
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needmoney (OP)
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October 15, 2014, 10:24:31 AM |
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Then what happens if in two days the price of LTC crashes to 0.007BTC. Then your 35LTC are only worth 0.245BTC (instead of the amount I loaned you, 0.35BTC). In the case that you default, I will lose bitcoins.
I'll pay it back. So, you shouldn't worry about that. I bought these litecoins when this price $10 so i don't want to exchange it now. Hence why people ask for 115% - 125% collateral. "I'll pay it back." For all I know, that is an empty promise. Okay, i don't want your btc. Thanks!
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Bitcoin-Police
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October 15, 2014, 07:16:40 PM |
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I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral.
You seem a bit fishy to me. I will be keeping an eye on you.
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I will be keeping this forum clean from scammers!!
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needmoney (OP)
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October 15, 2014, 07:34:32 PM |
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I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral.
You seem a bit fishy to me. I will be keeping an eye on you. Hahaha thank you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Candystripes
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October 15, 2014, 07:55:48 PM |
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Do 45 LTC and I will give this loan.
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--------------------------------- No longer under the possession of Candystripes. Account is currently dormant.
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byt411
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October 15, 2014, 08:19:48 PM |
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I can do this loan for 40 LTC.
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needmoney (OP)
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October 15, 2014, 08:23:38 PM |
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I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
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byt411
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October 15, 2014, 08:37:31 PM |
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I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending. The borrower doesn't set the terms, the loaner sets the terms.
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marcotheminer
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October 15, 2014, 08:54:45 PM |
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I have 35 LTC if you accept it write the thread, if not don't offer me anything please!
You need to understand that 35 LTC is not enough to cover market fluctuations. No one will accept that as collateral, since it isn't enough, and it will be liquidated if it drops below a certain value. Welcome to the world of lending. The borrower doesn't set the terms, the loaner sets the terms. Read up, that's what I said and he didn't want to listen.
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ANTIcentralized
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October 15, 2014, 10:24:46 PM |
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Your 35 LTC is only worth around .35 BTC but you are asking for .4 BTC. At the very minimum you are asking for a .35 collateral loan and a .05 non-collateral loan, however most lenders will ask for at least 120% collateral so you are really asking for a ~.29 collateral loan and a .11 non-collateral loan.
I would suggest that you either lower your amount requested or increase your collateral, especially considering that you are asking that the collateral not be sold in the event of a price decline.
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Quickseller
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October 15, 2014, 10:31:36 PM |
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I'll repay it after 1 month 0.4 btc. I have 35 LTC colleteral.
I can lend you .28 provided that you agree to wear the signature of my choice as well as the BTC address of my choice for the duration of the loan. I will charge 15% interest (.322 will be due in one month). I agree to not sell your collateral as long as you keep the signature and BTC address of my choice, in the event that you change your signature or BTC address, the collateral will be sold, .322 will be sent to me from escrow, and the rest will be sent to you (or if the collateral is worth less then .322, the difference will be due me immediately). I can cover any escrow fees for this loan. If you are interested you can quote me and post in my thread. https://bitcointalk.org/index.php?topic=812533.0
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Candystripes
Sr. Member
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October 15, 2014, 11:00:09 PM |
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I'll do this loan if you gie your account as collateral + 14 LTC.
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--------------------------------- No longer under the possession of Candystripes. Account is currently dormant.
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erwin45
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★Bitin.io★ - Instant Exchange
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October 16, 2014, 06:00:10 AM |
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will do this loan for 45 LTC
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