Hello! i need 1 BTC loan for maximum of 30 days , though am sure i will return it within 15 days but just to be sure you know ..
i will return 1.12 BTC , i will keep 8 KASHMIRCOIN as Collateral
PS - according to present market value it's 0.14 BTC per KASHMIRCOIN but , market is not good enough and the coin is undervalued , i don't want to sell it but i really need the loan , so even if it rise i want it back that's why i choose a trusted member such as you , If i fail to return it within 30 days , you are free to sell it
i will return 1.12 BTC , i will keep 8 KASHMIRCOIN as Collateral
PS - according to present market value it's 0.14 BTC per KASHMIRCOIN but , market is not good enough and the coin is undervalued , i don't want to sell it but i really need the loan , so even if it rise i want it back that's why i choose a trusted member such as you , If i fail to return it within 30 days , you are free to sell it
Probably denied, unless you can bring up some info that I might have missed. KSC trade volume is too low. I don't even see it on any exchanges unless I missed it. 112% collateral is not nearly enough for something that is seemingly small and not stable. In the past, I've gotten 200% collateral before and during these few weeks, the collateral value dipped to ~80% of the initial loan amount. I did not sell because the borrower was diligent to work things out. I can't guarantee this same privileged to you though.
Selling the collateral is the very last resort in case you run. Just because I'm holding the collateral doesn't mean it's ok to default. This is a loan, not a currency exchange, so you're still responsible to pay back the loan in btc. I'm only going to sell collateral if I'm forced to. Anyways, send me more stats for KSC and I'll give it another look.