I think you're going to have a hard time finding anyone willing to accept BIFI as collateral.  Their are only two exchanges that list the coin, I've never heard of either, and the trade volume is pretty darn low as well.  Couple that with the fact that you're posting from an old account that has hardly been active.  All that gives me reason to think this is a risky preposition...  Even if it is a measly $8, no body want's to piss away $8.

Which begs the question; why are holing on to that shitcoin?  Why not just dump it for the BTC you need?