Quote from: CasioK on September 16, 2017, 06:54:19 PM

Quote from: cubevtc on September 16, 2017, 04:22:12 PM

everyone lends with 120% altcoins collateralls but do not sell altcoins and buy btc ?why would he ask for loan if they on altcoins when on bittrex you can buy btc with some altcoins easy
explain somebody the purpose of this loan ?

That is because people believe the altcoins they hold might double, triple and even quadruple very soon and putting them on collateral means you can pay your loan of bitcoins and take it back while if you sell your alt coins then you might get them very cheap or might even not afford to buy them back. Yeah if a stable coin is being offered as collateral then they can usually sell it and buy back later since the value won't drop much.

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thx for very good answer cheers