would someone give a loan?

[leen93]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?
just the question if someone would give me this loan

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[AnonBitCoiner]

Posh in the Lending section, not the Beginners & Help. If you provide collateral, then yup, I'm sure someone would be willing to do it

[anshar]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

So you would put 4 btc in collateral for 3 btc What..

[RodeoX]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

So you would put 4 btc in collateral for 3 btc What..

+ I don't get it either. You send 4BTC then the lender sends you... 3?

[the joint]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

So you would put 4 btc in collateral for 3 btc What..

+ I don't get it either. You send 4BTC then the lender sends you... 3?

I'd like to know who the escrow would be lol.

[Pierre11]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

So you would put 4 btc in collateral for 3 btc What..

+ I don't get it either. You send 4BTC then the lender sends you... 3?

I'd like to know who the escrow would be lol.

The escrow would pretty much be getting an easy 1% or something in fees.

Is he asking for a USD pegged loan?

[the joint]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

So you would put 4 btc in collateral for 3 btc What..

+ I don't get it either. You send 4BTC then the lender sends you... 3?

I'd like to know who the escrow would be lol.

The escrow would pretty much be getting an easy 1% or something in fees.

Is he asking for a USD pegged loan?

According to what's written, it seems that he wants a loan in the amount of $1000 denominated in BTC, in exchange for 4 BTC held in escrow as collateral, and that he wants to repay $1,010 denominated in BTC.  So, everyone is confused because he wants to provide more BTC as collateral than the amount of BTC he is looking for.

This is why I joked that I'd like to know who the escrow would be, because the only way that this deal would make sense is if he is a scammer just waiting to tell us all about some 'trusted' escrow he found.

Hopefully he just typed his request incorrectly and that English isn't his native language 

[tmfp]

Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a 1BTC profit on the loan (as well as the collateral).  

[bigadam0101]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

[leen93]

Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a profit on the loan (as well as the collateral).  

that's exactly what i mean
i didn't mean to ask for a loan too, just if it would be reasonable someone would do that?
but it is not for buying bitcoin
but indeed, i would pay back 1010$ in bitcoin
if bitcoin is 10100$ in a month i would pay back 0.1 bitcoin, if it's worth 101$ i would give back 10 btc per btc lended. I'll immediately transfer those btc back to fiat so even when the price would go down like hell I'll still be able to pay back. It's just lending out fiat with an intrest rate of 1% a month (of 12.68% a year).
I could also do it with lower amounts maybe but the problem is how to use the collateral then. Is there a way to be 100% sure I'll get my sended btc back when i pay back the loan?
I'm really new in all of this and don't know how everything works

[leen93]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

[bigadam0101]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

[notlist3d]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

I think it will take more then 1 percent loan.  This is a very attractive loan as the borrower but less so for person loaning. 

[leen93]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

I think it will take more then 1 percent loan.  This is a very attractive loan as the borrower but less so for person loaning. 

why? 12.6% a year for your fiat, I don't know what you get on your bank account but I guess it's a bit less and even people put money on there...

[DannyHamilton]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

I think it will take more then 1 percent loan.  This is a very attractive loan as the borrower but less so for person loaning.  

why? 12.6% a year for your fiat, I don't know what you get on your bank account but I guess it's a bit less and even people put money on there...

Certainly a bank pays much less interest on deposits, but then again the bank is a MUCH lower risk.  Deposits at the bank here in the U.S. are regulated and insured by the F.D.I.C.

Are you running a regulated business? If I loan you money, will that loan be guaranteed by an extremely reliable insurance corporation?

If not, then the lender is taking a MUCH higher risk, and therefore should be adequately compensated for that additional risk.  If getting a bank loan was so easy for you, then you already would have gotten the loan there and would not be here looking for someone willing to take a chance on you.

[Sonny]

Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a profit on the loan (as well as the collateral).   

that's exactly what i mean
i didn't mean to ask for a loan too, just if it would be reasonable someone would do that?
but it is not for buying bitcoin
but indeed, i would pay back 1010$ in bitcoin
if bitcoin is 10100$ in a month i would pay back 0.1 bitcoin, if it's worth 101$ i would give back 10 btc per btc lended. I'll immediately transfer those btc back to fiat so even when the price would go down like hell I'll still be able to pay back. It's just lending out fiat with an intrest rate of 1% a month (of 12.68% a year).
I could also do it with lower amounts maybe but the problem is how to use the collateral then. Is there a way to be 100% sure I'll get my sended btc back when i pay back the loan?
I'm really new in all of this and don't know how everything works

So you don't want to sell your bitcoin for USD and buy bitcoin back later, because you don't want the risk of bitcoin price going up in the next month, right?

What about selling ~2.7 btc for $1000 and buy it back later, and entering a leveraged long position at the same time to hedge the risk?

[notlist3d]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

I think it will take more then 1 percent loan.  This is a very attractive loan as the borrower but less so for person loaning.  

why? 12.6% a year for your fiat, I don't know what you get on your bank account but I guess it's a bit less and even people put money on there...

Certainly a bank pays much less interest on deposits, but then again the bank is a MUCH lower risk.  Deposits at the bank here in the U.S. are regulated and insured by the F.D.I.C.

Are you running a regulated business? If I loan you money, will that loan be guaranteed by an extremely reliable insurance corporation?

If not, then the lender is taking a MUCH higher risk, and therefore should be adequately compensated for that additional risk.  If getting a bank loan was so easy for you, then you already would have gotten the loan there and would not be here looking for someone willing to take a chance on you.

Pretty much sums it up.  If you have a bank account you can get a fiat for cheaper on loan.   

There is a entire lending board on here, if you look because of risk the monthly fee is normally higher then one percent.

[leen93]

would someone give me a loan of 1000$ in bitcoin for 1 month (1%) if i could give a collateral of 4 btc to an escrow during that month?

You can try here:

https://bitcointalk.org/index.php?topic=701592.0

he's loaning out btc, i'm not interested in that want usd (paid in whatever method but could be with bitcoin)

Just trying.. but you can look for something what you need in this thread:

https://bitcointalk.org/index.php?board=65.0

I think it will take more then 1 percent loan.  This is a very attractive loan as the borrower but less so for person loaning.  

why? 12.6% a year for your fiat, I don't know what you get on your bank account but I guess it's a bit less and even people put money on there...

Certainly a bank pays much less interest on deposits, but then again the bank is a MUCH lower risk.  Deposits at the bank here in the U.S. are regulated and insured by the F.D.I.C.

Are you running a regulated business? If I loan you money, will that loan be guaranteed by an extremely reliable insurance corporation?

If not, then the lender is taking a MUCH higher risk, and therefore should be adequately compensated for that additional risk.  If getting a bank loan was so easy for you, then you already would have gotten the loan there and would not be here looking for someone willing to take a chance on you.

There no risk if I give more collateral, right?

[leen93]

Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a profit on the loan (as well as the collateral).   

that's exactly what i mean
i didn't mean to ask for a loan too, just if it would be reasonable someone would do that?
but it is not for buying bitcoin
but indeed, i would pay back 1010$ in bitcoin
if bitcoin is 10100$ in a month i would pay back 0.1 bitcoin, if it's worth 101$ i would give back 10 btc per btc lended. I'll immediately transfer those btc back to fiat so even when the price would go down like hell I'll still be able to pay back. It's just lending out fiat with an intrest rate of 1% a month (of 12.68% a year).
I could also do it with lower amounts maybe but the problem is how to use the collateral then. Is there a way to be 100% sure I'll get my sended btc back when i pay back the loan?
I'm really new in all of this and don't know how everything works

So you don't want to sell your bitcoin for USD and buy bitcoin back later, because you don't want the risk of bitcoin price going up in the next month, right?

What about selling ~2.7 btc for $1000 and buy it back later, and entering a leveraged long position at the same time to hedge the risk?

That would maybe cost me more and give me risk by putting my btc on an exchange

[Sonny]

Or it could be a cheap way of getting leverage for a month on a hoped for increase in the Bitcoin price, at a cost of $10.
Ignore the collateral for the minute, that's just security to be returned by the escrow on repayment of $1000 plus 1% i.e. $1010.
Say, for the sake of easy calculation, Bitcoin at the time of the loan is trading at $333.3, he gets 3 BTC = $1000.
IF the price goes up to say $505 during the month, then he pays back $1010, now only 2BTC, making a profit on the loan (as well as the collateral).   

that's exactly what i mean
i didn't mean to ask for a loan too, just if it would be reasonable someone would do that?
but it is not for buying bitcoin
but indeed, i would pay back 1010$ in bitcoin
if bitcoin is 10100$ in a month i would pay back 0.1 bitcoin, if it's worth 101$ i would give back 10 btc per btc lended. I'll immediately transfer those btc back to fiat so even when the price would go down like hell I'll still be able to pay back. It's just lending out fiat with an intrest rate of 1% a month (of 12.68% a year).
I could also do it with lower amounts maybe but the problem is how to use the collateral then. Is there a way to be 100% sure I'll get my sended btc back when i pay back the loan?
I'm really new in all of this and don't know how everything works

So you don't want to sell your bitcoin for USD and buy bitcoin back later, because you don't want the risk of bitcoin price going up in the next month, right?

What about selling ~2.7 btc for $1000 and buy it back later, and entering a leveraged long position at the same time to hedge the risk?

That would maybe cost me more and give me risk by putting my btc on an exchange

Regarding the cost, I don't think 1% monthly rate is good enough as the lender would have a loss (in terms of bitcoin) as long as bitcoin price goes up just 1% in the next month. I have no idea what is the "fair" rate should be though.

Regarding to risk, you are absolutely right.