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Bitcoin Forum > Economy > Trading Discussion > Question: If I had 120% of the amount requested could get loan?
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panosdada (OP)
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March 21, 2015, 12:31:14 AM
 #1
I would like right answer..
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March 21, 2015, 12:36:56 AM
 #2
Quote from: panosdada on March 21, 2015, 12:31:14 AM
I would like right answer..

What do u mean? Collateral for 120%?
If u mean that I could loan you...
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March 21, 2015, 12:37:41 AM
 #3
Quote from: panosdada on March 21, 2015, 12:31:14 AM
I would like right answer..

If you use that as collateral i think you will be able to get the loan.

Some uses user other crypto coins as collateral, for example you can ask for 1 Bitcoin loan if you have 2 million Doge.
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panosdada (OP)
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March 21, 2015, 12:44:02 AM
 #4
Thanks, then you soon I get a loan when I have  Smiley
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March 21, 2015, 11:20:53 AM
 #5
Quote from: seoincorporation on March 21, 2015, 12:37:41 AM
Quote from: panosdada on March 21, 2015, 12:31:14 AM
I would like right answer..

If you use that as collateral i think you will be able to get the loan.

Some uses user other crypto coins as collateral, for example you can ask for 1 Bitcoin loan if you have 2 million Doge.

But why would anyone in his right mind want to take a loan if he could just sell 2 million Dogecoins at an exchange, and get even more than 1 bitcoin? I don't mean just doges, but 120% as collateral doesn't make it easy to understand the logic behind it...
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panosdada (OP)
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March 21, 2015, 11:43:19 AM
 #6
I have my reasons and 120% will guarantee
Muhammed Zakir
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March 21, 2015, 11:45:32 AM
 #7
Quote from: deisik on March 21, 2015, 11:20:53 AM
Quote from: seoincorporation on March 21, 2015, 12:37:41 AM
Quote from: panosdada on March 21, 2015, 12:31:14 AM
I would like right answer..

If you use that as collateral i think you will be able to get the loan.

Some uses user other crypto coins as collateral, for example you can ask for 1 Bitcoin loan if you have 2 million Doge.

But why would anyone in his right mind want to take a loan if he could just sell 2 million Dogecoins at an exchange, and get even more than 1 bitcoin? I don't mean just doges, but 120% as collateral doesn't make it easy to understand the logic behind it...

At current rate, 2 million Doge will be worth 1.02BTC.

Some people may want to HODL* their altcoin(s) instead of selling 'em, like your vehicle or other properties. Such people ask for loan rather than selling it/tem.

* https://bitcointalk.org/index.php?topic=375643.0;all

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panosdada (OP)
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March 21, 2015, 11:53:37 AM
 #8
Please listen I just Bitcoin not Dogecoin and I want some extra Bitcoin for own personal reasons, when I have the guarantee will be asked for a loan just wanted to know now if I could get
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