Title: Looking for constant dollar loan with payments in BTC Post by: yochdog on January 30, 2013, 04:12:07 PM Putting out feelers on the following:
-$25,000 loan with a 3 year amortization (36 monthly payments) -interest at 10% -loan funded in BTC at prevailing spot rate at the time of agreement -loan payments made in BTC at the prevailing spot rate at time of payment -no prepayment penalty An example: Loan funded today at current spot-rate of $19.50, thus lender sends 1,282.051 BTC ($25,000/19.50) to my address. Re-payments begin 30 days from funding, and are due every 30 days thereafter, with payments of $806.68. First 6 payments would be as follows, assuming the given hypothetical exchange rates: Feb 28th, $21.50: 806.68/21.50 = 37.52 BTC Mar 30th, $18.96: 806.68/19.96 = 40.41 BTC April 30th, $16.56: 806.68/16.56 = 48.71 BTC May 30th, $22.45: 806.68/22.45 = 35.93 BTC June 30th, $23.01: 806.68/23.01 = 35.05 BTC July 30th, $14.45: 806.68/14.45 = 55.82 BTC Constructive feedback is appreciated, and serious counter-offers are welcome. Title: Re: Looking for constant dollar loan with payments in BTC Post by: yochdog on February 10, 2013, 06:49:00 PM Bumping this. I assume since everyone is 110% confident BTC can only go higher there are few takers.....
Title: Re: Looking for constant dollar loan with payments in BTC Post by: marhjan on February 14, 2013, 05:16:00 PM Bumping this. I assume since everyone is 110% confident BTC can only go higher there are few takers..... This is basically a request for someone to short btc over a 3 year period. good luck finding a taker on this forum - the only way you might convince someone would be a substantially higher interest rate to mitigate deflation risk. Title: Re: Looking for constant dollar loan with payments in BTC Post by: yochdog on February 14, 2013, 05:25:29 PM Bumping this. I assume since everyone is 110% confident BTC can only go higher there are few takers..... This is basically a request for someone to short btc over a 3 year period. good luck finding a taker on this forum - the only way you might convince someone would be a substantially higher interest rate to mitigate deflation risk. I like to look at it as not an opportunity to short BTC, but for a large holder to diversify assets and earn a good return for doing so. Title: Re: Looking for constant dollar loan with payments in BTC Post by: Dalkore on February 21, 2013, 06:12:53 PM You are correct, I seriously considered your proposal but in turn I believe BTC is going much higher based on it is being treated as a savings medium that people really can't affect enough compared to other savings mediums.
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