Post
Topic
Board Long-term offers
Re: Need 1 BTC loan for 30 days, 5% interest, 125% collateral DRK
by
haploid23
on 16/08/2014, 03:10:14 UTC
I'm not sure that I understand, where is the risk exactly?

You really don't see the risk? DRK is currently on a downtrend. What you're offering is only 20% higher than repayment. There is a very real chance that DRK can plummet over 20% of its current value over this 30-day time period.



Are you willing to provide 1 BTC collateral with escrow! DannyHamilton, zero fee, you don't lose anything!

If I were going to give you this loan, I would have asked to hold the DRK collateral as well, rather than escrow. When escrow holds the coins, that's just one more step to slow down liquidating the collateral if needed. You can't predict when/if DRK will crash, and if you happen to catch it while it's crashing, you won't know if escrow will be able to respond to your PM quick enough.