Looking for 50 BTC loan, 1% interest per month.

[Glandoux]

Looking for 50 BTC loan, offering 1% compound interest per month.  You can have the BTC back whenever you want.

Have done many trades on poker forums (www.twoplustwo.com) and on some Quebec Forums.

-You get 1% interest at the end of every month
-I can stop the loan when I please but have to pay the full month
-You can stop the loan when you please and I will pay the interest accordingly by day

Reason for loan.  I have multiple bots trading every day and have more FIAT than BTC and do not wish to buy more BTC to maximize my profits.

[1714922932]

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[1714922932]

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[1714922932]

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[1714922932]

1714922932

[cashtraderuk]

Looking for 50 BTC loan, offering 1% compound interest per month.  You can have the BTC back whenever you want.

Have done many trades on poker forums (www.twoplustwo.com) and on some Quebec Forums.

-You get 1% interest at the end of every month
-I can stop the loan when I please but have to pay the full month
-You can stop the loan when you please and I will pay the interest accordingly by day

Reason for loan.  I have multiple bots trading every day and have more FIAT than BTC and do not wish to buy more BTC to maximize my profits.

Collateral?

[Glandoux]

I can in NXT and BLK and Poker Stars money.

I have about 12 BTC in NXT and maybe like 10 in BLK.

But how does that work, where is the collateral held?

[Quickseller]

I can in NXT and BLK and Poker Stars money.

I have about 12 BTC in NXT and maybe like 10 in BLK.

But how does that work, where is the collateral held?

If you have 12 BTC worth of NXT to offer as collateral then I would be willing to offer you a loan of up to 9 BTC with the stipulation that I have the right to sell the NXT in the event that it's value were to drop 9.9 BTC.

I would however not accept an interest rate of only 1% per month as this would be much too low.

The collateral process would work like this:
-You would send the collateral to me (or an escrow if you prefer to use a trusted third party - that we both trust)
-Once the transaction is sufficiently confirmed by the network I would send you the loan
-When it comes to repay the loan you would repay to an address that I specify
-Once you repay the loan and the transaction is sufficiently confirmed by the network I will send the collateral back to an address you provide (or an escrow would do this if you wish to us escrow)
-If at any time the value of the NXT falls to 9.9 BTC then I have the right to immediately sell the NXT at a price that gives me the quickest execution

[Glandoux]

That wouldn't work for me, if the value drops below then I would give back the BTC instead as I don't want my NXT or BLK sold or else I would just do that to get the BTC needed.

The BTC isn't needed, it will just bring my profitability up, so I can always return it within seconds.

[Quickseller]

That wouldn't work for me, if the value drops below then I would give back the BTC instead as I don't want my NXT or BLK sold or else I would just do that to get the BTC needed.

The BTC isn't needed, it will just bring my profitability up, so I can always return it within seconds.

If the value of the NXT were to fall then I could allow you to repay the loan within a very short timeframe however the threshold would need to be above 110%.

If you can return the BTC within 'seconds' (or hours) then I don't think it would be a problem.

I would say that in the event the value were to drop down to 113% then I could give you a previously agreed upon amount of time to return the BTC

I also would not be holding it on an exchange so any sale would not be 'automatic' or triggered by the exchange

[Glandoux]

That would be fine but the 1% monthly interest is firm.

[haploid23]

That would be fine but the 1% monthly interest is firm.

In the BTC world? Good luck with that. Look at the successful BTC loans to gauge the going rate.

[Quickseller]

That would be fine but the 1% monthly interest is firm.

I don't think you will be able to find anyone willing to lend at 1% for a month but it is a free market.

[Glandoux]

Well considering that you're taking close to 100% collateral, as close as you get to risk free loaning in this world.  12.68% yearly is pretty good.

[erwin45hacked]

Well considering that you're taking close to 100% collateral, as close as you get to risk free loaning in this world.  12.68% yearly is pretty good.

id say not very good considering the long time frame lets say if someone gave you 1 btc then he just earned 0.01/month, considering he lend smaller ammount to several members here then he could get more than 0.01 i bet

[Quickseller]

Well considering that you're taking close to 100% collateral, as close as you get to risk free loaning in this world.  12.68% yearly is pretty good.

It would actually be more then 100% collateral but someone could get between 0.363 and 0.693% interest per month via swaps on bitfinex right now and that would probably be less risky then lending to you.

In the lending section interest rates were between 5 and 15% per month as of ~13 months ago, however I would say rates have generally gone up on a monthly basis, as from what I have seen people have offered similar rates but for shorter terms.

General good practices:

• -snip-
• Almost all loans issued in this subforum would be at rates considered to be exploitative in most countries. We're talking about something like 5-15% monthly (there are some more favorable alternatives, such as seeking out the Islamic Bank of Bitcoin). Use short-term loans responsibly, do not use loans for naked market positions or otherwise attempt to arb, and you should only use short-term lending from strangers as an absolute last resort.

-snip-

I would be willing to lend you 9 BTC for a month for 15% interest using 12 BTC worth of NXT as collateral. I am willing to negotiate somewhat on the interest rate however I will not accept 1%

[Mrfrankl]

I can give you a bitcoin loan.

[lolled]

I can give you a bitcoin loan.

lol. Can you provide a proof of owning any amount of more than 5 BTC ?
Let alone lending 50 BTC as a newbie ?