Post
Topic
Board Lending
Re: Need 10 BTC - 10% - with escrow
by
Diplomata
on 10/03/2017, 21:51:43 UTC
So, if I understand it well, the escrow operates the poloniex account.
What about your collateral, then ?

Yeah. Since you want to borrow 10BTC to make some trading operation, where is your guarantee to repay if things don't go as planned ?
Imagine, it goes well, you give 10% to the lender, you take the rest (you might earn 4 or 5 btc doing so).
Okay, but what if the 10BTC is gone ?

I made some trades in the margin trading of poloniex and I am with a loss of approximately 6.5btc.

Apparently, you want to use the same method with the borrowed 10BTC. You already lost 6.5BTC with it.
What it the same happens and you have only 3.5BTC left ?
How will you repay the 6.5BTC to lender ?

Yes, the escrow could operate the poloniex account...the collateral is the account itself...i have about 10btc there..so without the losses the escrow will have an account with 10btc..

in the margin , if you put 10btc you will trade with 25 btc..so you have to manage to have less losses..

did you have more doubts?