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Title: BTCjam - Few questions Post by: smart-investment on December 08, 2014, 05:25:41 PM Folks,
I'm a newbie & just learning about BTCjam/Bitcoins. I'm looking to be an investor/lender in BTCjam. Couple of questions: -- How do we differentiate a Flat Linked loan & BTC loan based on the loan listings in BTCjam's web page ? -- What does the type "BitStamp USD" mean which is present as an option for "Filters" ? Thanks in advance! Title: Re: BTCjam - Few questions Post by: malaimult on December 09, 2014, 04:54:35 AM Folks, a fiat based loan is one that you borrow a specific dollar amount and repay in terms of dollars. This is best if your income is in dollars and/or if what you will invest the loan in is in dollars. The amount of bitcoin that you repay will depend on the exchange rate at the time of payment. A BTC based loan is when you borrow a specific amount of bitcoin and you repay in terms of bitcoin regardless of what the exchange rate of bitcoin is when you repay. I'm a newbie & just learning about BTCjam/Bitcoins. I'm looking to be an investor/lender in BTCjam. Couple of questions: -- How do we differentiate a Flat Linked loan & BTC loan based on the loan listings in BTCjam's web page ? -- What does the type "BitStamp USD" mean which is present as an option for "Filters" ? I believe this is to filter fiat based loans. Thanks in advance! |