[Matured] Medium Loan Request-10-15% Interest, 30-45 days, Collateral and Escrow

[Honeypot]

Amount: Total 7.58 btc, 4.5 btc available.

Duration: 30-45 days (can be paid back earlier depending on negotiations)

Repayment amount: Principle + 10% interest (4.95 btc) again, negotiable up to 15%.



Loan purpose: I am deeply involved in btc trades and also in the altcoin scene. My previous transactions in the trust category can speak for themselves. At the moment I am building up capital for a significant investment into a proven technology and trading projects that should take off soon. Feel free to ask me any question about my past trades and purposes for this loan.

Austin previously loaned a good portion to me for the loan, and has agreed to roll over the entire amount plus interest to the current one. That portion is set aside for austin alone, you have up to 4.5 btc and corresponding collateral you can loan for - you can check the previous thread here:

https://bitcointalk.org/index.php?topic=751645.0;all

I can provide a collateral in different coins to cover most of the loan at the current market price, if that would ease your concerns due to this request being a relatively large amount. Escrow will be the one we both agree on that can be trusted to hold the collateral.

Also, you can say my collateral is my reputation not only on btc talk forum trading reputation, but also my crypto reputation in general (irc, twitter, other forums etc) since people i work with know my forum handle. I would like to state this just to make clear what I am proposing.

Thank you for taking time to read this request - I have posted in several threads seeking a loan for similar conditions. Anyone who comes first will have priority in terms of negotiations.

Most terms are negotiable, and collateral covers 100% at slightly below current market rates, meaning you will most likely end up with 110% of the loan as a collateral.




Once again, up to 4.5 btc loan accepted for corresponding collateral.

Thank you in advance

Edit: Adjusted for new collateral amount and corresponding loan amount available on 10/31.

Edit #2: Concluded, and matured.

[Watoshi-Dimobuto]

I can loan you upto 0.5BTC for sufficient collateral. No escrow required. But i am not against it.

What happens if the altcoin drops value?

[Quickseller]

Can you be more specific as to what collateral you are offering? It is obviously alt coins, but can you be more specific as to what alt coin you can provide?

EDIT: @Watoshi-Dimobuto - escrow is to protect the borrower from you running away with his collateral either as soon as he gives it to you (and before you send him the loan) or after he pays you back.

[Honeypot]

Can you be more specific as to what collateral you are offering? It is obviously alt coins, but can you be more specific as to what alt coin you can provide?

EDIT: @Watoshi-Dimobuto - escrow is to protect the borrower from you running away with his collateral either as soon as he gives it to you (and before you send him the loan) or after he pays you back.

I sent you a pm - certain details are confidential, but we are free to post here confirmations for public records when deals are sealed.

[Honeypot]

I can loan you upto 0.5BTC for sufficient collateral. No escrow required. But i am not against it.

What happens if the altcoin drops value?

I had hoped to have minimum of 1 btc per individual to keep this less chaotic. Escrow is essential to hold the collateral and arrange transfers.

[Blazed]

What is the collateral if I were to lend entire amount?

[Honeypot]

What is the collateral if I were to lend entire amount?

PM Sent. Verification and public disclosure to follow in case of deal being sealed.

Offer still on going.

[marcotheminer]

What is the collateral if I were to lend entire amount?

I'd like to know aswell.

[FattyMcButterpants]

Can you be more specific as to what collateral you are offering? It is obviously alt coins, but can you be more specific as to what alt coin you can provide?

EDIT: @Watoshi-Dimobuto - escrow is to protect the borrower from you running away with his collateral either as soon as he gives it to you (and before you send him the loan) or after he pays you back.

I sent you a pm - certain details are confidential, but we are free to post here confirmations for public records when deals are sealed.

What is the collateral if I were to lend entire amount?

PM Sent. Verification and public disclosure to follow in case of deal being sealed.

Offer still on going.

Why does it need to be such a big secret as to what the collateral you are going to offer is? Also I see in your other thread from ~a month ago that you would not agree to have the collateral liquidated in the event the value of the collateral were to drop below the amount of the loan. This alone would be a red flag for me (even with your positive trust) as it would mean that you may not be able to repay the loan if the collateral drops in value by too much

[Honeypot]

Can you be more specific as to what collateral you are offering? It is obviously alt coins, but can you be more specific as to what alt coin you can provide?

EDIT: @Watoshi-Dimobuto - escrow is to protect the borrower from you running away with his collateral either as soon as he gives it to you (and before you send him the loan) or after he pays you back.

I sent you a pm - certain details are confidential, but we are free to post here confirmations for public records when deals are sealed.

What is the collateral if I were to lend entire amount?

PM Sent. Verification and public disclosure to follow in case of deal being sealed.

Offer still on going.

Why does it need to be such a big secret as to what the collateral you are going to offer is? Also I see in your other thread from ~a month ago that you would not agree to have the collateral liquidated in the event the value of the collateral were to drop below the amount of the loan. This alone would be a red flag for me (even with your positive trust) as it would mean that you may not be able to repay the loan if the collateral drops in value by too much

Not every trader and investor is required to disclose all the details of individual transactions to any uninvolved persons in public. If some decide that certain details are to be confidential, then it's not your place to question their dealings as long as respective parties negotiate fairly and post public confirmations to that regard. If someone is interested enough to directly message me, of course they will be privy to the details upon tacit agreement that such information are kept confidential on all sides.

Also, liquidating the collateral option is one I rejected and continue to reject, simply because the sheer volatility of crypto currency makes this a very disadvantageous move. There are certain compromises and negotiable factors I am willing to consider, but anyone with a hint about investment and trading will understand such a clause in this environment is a great liability. Perhaps you also do not even think about the fact that I am essentially forfeiting any chance to capitalize on profits from the collateralized assets in the event they increase drastically in price. It's a trade off with risks and potential loss of profits for both sides involved - everyone is taking a risk in one way or another.

I do not understand why you would consider either of these 'red flags' aside from the fact that my policy regarding either situations simply does not play to your profits or comfort.

That's too bad - and it's also not your place to question them.

If you like to deal fairly and negotiate specific terms, feel free to send PM and we can discuss them. All are taking certain risks in these deals, and I try to reach the fairest deal possible.

[Killerloop]

I could loan a portion of the request to you, but collateral must cover at least 110% of the loan, 120% is better for your safety.
Of course if the altcoin provided rises significantly in value I'm willing to send it back a portion up to the original value coverage... it is not my desire to hamper your trading efforts by devoiding you of liquidity.

PM me if interested.

[geoffreyqp]

I might consider loaning you a couple btc. Pm me collateral info.

[Honeypot]

I could loan a portion of the request to you, but I do not accept escrow and collateral must cover at least 110% of the loan, 120% is better for your safety.
Of course if the altcoin provided rises significantly in value I'm willing to send it back a portion up to the original value coverage... it is not my desire to hamper your trading efforts by devoiding you of liquidity.

PM me if interested.

I appreciate your offer. However I must decline since escrow is essential for this to work on my end. If you change your mind, let me know.

I might consider loaning you a couple btc. Pm me collateral info.

PM sent.

[Valzador]

If you still need BTC please also send me a PM regarding collateral information.

[Honeypot]

If you still need BTC please also send me a PM regarding collateral information.

PM sent.

[Honeypot]

Austin's 3.08 btc portion confirmed and offer is set, collateral adjusted as per agreement, maturity date on the Dec 14th, 0730 GMT.

Maidak thank you for escrow service once again.

Please confirm here for public record.

Remaining portions are 4.5 btc with appropriate collateral, up for negotiations. All interested parties, PM me and post here.

[Maidak]

Austin's 3.08 btc portion confirmed and offer is set, collateral adjusted as per agreement, maturity date on the Dec 14th, 0730 GMT.

Maidak thank you for escrow service once again.

Please confirm here for public record.

Remaining portions are 4.5 btc with appropriate collateral, up for negotiations. All interested parties, PM me and post here.

My pleasure remaining collateral is still being held by me.

[Honeypot]

Offer still ongoing.

4.5 btc left to fill with appropriate collateral.

[Killerloop]

Also, liquidating the collateral option is one I rejected and continue to reject, simply because the sheer volatility of crypto currency makes this a very disadvantageous move.

I am at fault for not reading this completely.

User here is NOT offering collateral despite scamming attempts to entice users in thinking so. The very definition of collateral counteracts his assumptions.

He whises to use lenders like a parachute: if everything goes OK and his collateral gains value he will pay, otherwise good luck with him giving back principal + interest and getting back useless coins  

All this weighting on borrowed money.

All offers withdrawn, stay away like the plague!!

[Honeypot]

Also, liquidating the collateral option is one I rejected and continue to reject, simply because the sheer volatility of crypto currency makes this a very disadvantageous move.

I am at fault for not reading this completely.

User here is NOT offering collateral despite scamming attempts to entice users in thinking so. The very definition of collateral counteracts his assumptions.

He is use the lenders like a parachute: if everything goes OK and his collateral gains value he will pay, otherwise good luck with him giving back principal + interest and getting back useless coins  

All this weighting on borrowed money.

All offers withdrawn, stay away like the plague!!

You say you failed to read the terms properly when I publicly stated it and my reasons behind it. Then you proceed to say 'scam'.


I am not sure if you are upset about me being unwilling to lend on the basis that you will liquidate the collateral if it falls below current value, and thus posted this lying accusation. Were you trying to scam me by giving you a direct control over the collateral instead of 3rd party escrow, or hoping to liquidate the collateral at a higher price once you got hold of it?

You are simply a liar for doing so - I have explained the reason clearly why I stay away from liquidation of collateral option unless the payment is not made on time. That's what a collateral is for.

One user has already decided to invest 3.08 BTC because we have dealt before.

Not agreeing to the terms that are in your favor does not make the deal a 'scam'.

The collateral value overtime is not a consideration in whether I pay or not - I must pay, because you are supposed to pay back your loans no matter what. Am I missing something here?

Maybe you have been scammed one too many times judging from your sent-feedback history (containing mostly personal complaints and whining) and now decides to spend your time bitching at others for supposed 'scams'. You should better understand your position.

You insisted on holding an option to liquidate the collateral. I rejected it, and informed you that 3rd party escrow will hold the coins and only liquidation that will occur is if the payment of the loan is not made on time.

To call this standard arrangement a 'scam' because it did not settle in your favor - what a joke. You apparently think loans are supposed to be 100% in your favor and know nothing about how deals like these work. It's a trade off, and 3rd party escrow acting as the insurance against fraud - an option that I favor.


To all serious investors, feel free to PM.