>> (p.1)
    Author Topic: ChrisPop's Lending Service  (Read 653 times)

    • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    April 22, 2019, 02:38:07 PM
    Last edit: September 29, 2019, 04:55:35 PM by ChrisPop
     #1
    I consider myself a veteran of this forum so I thought I offer a lending service to engage and aid the community we have here and of course make a little profit. I'll start with offering some small loans and then if I gain some traction I'll upgrade this service. The OP is pretty poor right now, but I'll invest more time in it in the future.

    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    Budget: 0.50BTC
    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    ONLY Collateralized Loans

    -Minimum 110% of loaned sum ( major altcoins accepted )
    -No Bitcointalk accounts accepted
    -Liquidation: Collateral is less than 105% of the loaned sum
    -In the event of a liquidation the collateral will be sold at market price and the excess BTC will be returned to the borrower.
    -All transaction fees are covered by the borrower
    -If you are late with your repayment you will be charged double the interest
    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    Interest
    1-10 days - 0.075%/day
    10-20 days - 0.095%/day
    20-30 days - 0.10%/day
    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    Post format
    Code:
    Requested BTC Amount:
    Loan Period:
    Collateral:
    BTC Address:


    Bitcoin Repayment Address: 36Vc9Mn2dxpgJGLTTo2Nom4gL4nkFvxxQJ
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • 2double0
    Legendary
    *
    Offline Offline

    Activity: 2618
    Merit: 1105


    View Profile
    April 27, 2019, 07:22:24 AM
     #2
    Loan Amount: 0.5 ETH
    Reason: Need ETH to buy an alt. 
    BTC Address: Need ETH at
    0x9a0eae8cd366c780bbd968af34cc1178a72152f1     
    Term Length: 28 days (15% interest total)   
    Collateral: None

    The campaign I'm enrolled in, can let me earn this in just a week. So, please consider my request.

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    May 14, 2019, 07:07:36 PM
     #3
    Quote from: 2double0 on April 27, 2019, 07:22:24 AM
    Loan Amount: 0.5 ETH
    Reason: Need ETH to buy an alt. 
    BTC Address: Need ETH at
    0x9a0eae8cd366c780bbd968af34cc1178a72152f1     
    Term Length: 28 days (15% interest total)   
    Collateral: None

    The campaign I'm enrolled in, can let me earn this in just a week. So, please consider my request.

    As I have mentioned in the OP I will not accept loans without collateral. And I am not accepting bitcointalk accounts. I don't doubt your good trustworthiness as you're a legendary member and a negative feedback would damage your account value much more than 0.5 ETH. However please understand that this is a risk I am not willing to take.
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • DarkStar_
    Legendary
    *
    Offline Offline

    Activity: 2772
    Merit: 3284


    View Profile WWW
    May 14, 2019, 07:21:21 PM
    Last edit: May 14, 2019, 07:33:24 PM by DarkStar_
     #4
    You're going to really struggle finding a borrower with such high interest rates and required altcoin collateral. The only advantage that your service has compared to most others is no liquidation condition, at the cost of much higher interest.
    taking a break - expect delayed responses

  • petahasher
    Member
    **
    Offline Offline

    Activity: 316
    Merit: 25


    View Profile
    May 14, 2019, 10:15:20 PM
     #5
    I agree with DarkStar, you are asking for free money at this point, of which almost nobody will give you. You should re-think the terms of your service

  • DarkStar_
    Legendary
    *
    Offline Offline

    Activity: 2772
    Merit: 3284


    View Profile WWW
    May 14, 2019, 10:20:50 PM
    Merited by DireWolfM14 (1)
     #6
    Quote from: petahasher on May 14, 2019, 10:15:20 PM
    I agree with DarkStar, you are asking for free money at this point, of which almost nobody will give you. You should re-think the terms of your service

    Technically he does have greater risk because someone could give him 0.12BTC of a highly volatile altcoin, and borrow 0.1BTC against it. If the coin pumps, he repays the loan, paying a sizable amount of interest but profiting much more. If the coin crashes, they could default the loan and ChrisPop would be left with a loss. It actually would work decently as a hedge in theory as you have limited downside (-0.02BTC) with unlimited upside and a 30 day period to exercise the repayment option.
    taking a break - expect delayed responses

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    May 15, 2019, 10:10:58 AM
    Merited by DarkStar_ (1)
     #7
    Thank you very much DarkStar for your feedback! I really appreciate it. These said I have revised my terms and my service will focus on short term loans. Also I have added a liquidation condition as you can see in the updated OP. I'm waiting for my first client  Grin
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • SM23031997
    Hero Member
    *****
    Offline Offline

    Activity: 1092
    Merit: 582


    View Profile
    May 15, 2019, 08:26:16 PM
     #8
    Your Interest rate is too good to be true, are you planning to run away with the collateral?  Cheesy
    Am I eligible for 0.02 BTC loan?
    I don't need it right now but checking places where I can get them without collateral for Gambling purpose only.

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    May 15, 2019, 08:43:53 PM
     #9
    Quote from: SM23031997 on May 15, 2019, 08:26:16 PM
    Your Interest rate is too good to be true, are you planning to run away with the collateral?  Cheesy
    Am I eligible for 0.02 BTC loan?
    I don't need it right now but checking places where I can get them without collateral for Gambling purpose only.

    I am not here to make high profits, but to create more engagement and use of cryptocurrencies in this community. Run with 0.02btc? Haha.. That is a fortune if you think about it. I really believe that Bitcoin will be worth $1 Million sometime. 3%/week is pretty decent though borrowers need to cover all tx fees as well Wink
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • DarkStar_alt
    Full Member
    ***
    Offline Offline

    Activity: 174
    Merit: 109


    View Profile WWW
    May 16, 2019, 01:08:23 AM
     #10
    Quote from: ChrisPop on May 15, 2019, 08:43:53 PM
    I am not here to make high profits

    Then offer a competitive rate  Wink
    DO NOT Trade with this account - it is less secure than my normal account
    For any inquires, I'd prefer if you PMed my normal account (DarkStar_) for a faster response.

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    September 29, 2019, 04:47:12 PM
     #11
    Quote from: DarkStar_alt on May 16, 2019, 01:08:23 AM
    Quote from: ChrisPop on May 15, 2019, 08:43:53 PM
    I am not here to make high profits

    Then offer a competitive rate  Wink

    At DarkStar's good advice I have updated my interest rates in order to be competitive in the market. Make sure to check all the info in the OP before applying for a loan. If you have questions feel free to leave a post here in the thread or PM me and I'll reply in a timely manner.
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    October 01, 2019, 04:09:21 PM
     #12
    For the next 24 hours I'm offering loans for maximum 10 days at half the normal interest + a 1 day grace period so you won't be charged double the interest rate if you are late for 1 day.

    And please don't PM me asking for loans if you don't have a valid collateral to offer.
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • DireWolfM14
    Copper Member
    Legendary
    *
    Offline Offline

    Activity: 2660
    Merit: 5101



    View Profile WWW
    October 01, 2019, 04:56:30 PM
     #13
    Hey Chris,
    I was just about to update my list of lenders, and noticed you're charging lower interest rates for shorter term loans.  Is that your intention, or was that a mistake?

    Quote from: ChrisPop on April 22, 2019, 02:38:07 PM
    1-10 days - 0.075%/day
    10-20 days - 0.095%/day
    20-30 days - 0.10%/day
    ░░░░▄▄████████████▄
    ░▄████████████████▀
    ▄████████████████▀▄█▄
    ▄███████▀▀░░▄███▀▄████▄
    ▄██████▀░░░▄███▀░▀██████▄
    ██████▀░░▄████▄░░░▀██████
    ██████░░▀▀▀▀░▄▄▄▄░░██████
    ██████▄░░░▀████▀░░▄██████
    ▀██████▄░▄███▀░░░▄██████▀
    ▀████▀▄████░░▄▄███████▀
    ▀█▀▄████████████████▀
    ▄████████████████▀░
    ▀████████████▀▀░░░░
    		 
     CCECASH     		 
        ANN THREAD    
     
          TUTORIAL      

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    October 02, 2019, 05:03:27 PM
     #14
    Quote from: DireWolfM14 on October 01, 2019, 04:56:30 PM
    Hey Chris,
    I was just about to update my list of lenders, and noticed you're charging lower interest rates for shorter term loans.  Is that your intention, or was that a mistake?

    Quote from: ChrisPop on April 22, 2019, 02:38:07 PM
    1-10 days - 0.075%/day
    10-20 days - 0.095%/day
    20-30 days - 0.10%/day

    Hey, Direwolf! Please check two-three posts above yours. That is my intention indeed. At DarkStar's advice I wanted to become competitive in the market so here I AM.
    Lower interest rates for everybody  Cool
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org

  • ChrisPop (OP)
    Legendary
    *
    Offline Offline

    Activity: 2338
    Merit: 1035

    Not your Keys, Not your Bitcoins


    View Profile
    October 17, 2019, 03:36:31 PM
     #15
    For the next 48 hours I'm offering loans for maximum 10 days at half the normal interest + a 1 day grace period so you won't be charged double the interest rate if you are late for 1 day.

    P.S. I'm still waiting for the first borrower..  Grin
    ₿ BITCOIN IS SOUND MONEY — Decentralized • Limited • Immutable
    21 million hard cap. Borderless. Unstoppable. — Learn more → Bitcoin.org
    Pages: [1]
      Print  
Page 1
Viewing Page: 1

IRLBTC™ © 2025 IRLBTC.com