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Author Topic: Lending support speculation?  (Read 3082 times)
pekv2 (OP)
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April 24, 2014, 03:10:25 PM
 #1

Is it bad idea to apply for a loan to be paid back in 5 days with price fluctuations? I might be looking for a $300 USD in BTC loan.
GBattaglia
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April 24, 2014, 03:37:48 PM
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Is it bad idea to apply for a loan to be paid back in 5 days with price fluctuations? I might be looking for a $300 USD in BTC loan.

I would say it is fine.  You shouldn't have to worry about major price changes unless going over a month in time
with how things currently look in regards to Bitcoin price.  Just my two cents.
pekv2 (OP)
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April 24, 2014, 04:16:43 PM
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Is it bad idea to apply for a loan to be paid back in 5 days with price fluctuations? I might be looking for a $300 USD in BTC loan.

I would say it is fine.  You shouldn't have to worry about major price changes unless going over a month in time
with how things currently look in regards to Bitcoin price.  Just my two cents.

Yea I see you grabbed a loan. I will take the prices into account and think about it. It's only 5 days and I don't know if it is really worth a loan+Interest vs just wait 5 days. I get impatient waiting knowing I get payed in 5 days.
pekv2 (OP)
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April 24, 2014, 04:59:17 PM
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I'll wait it out. Not worth the 10% and up interest, plus my money will be kinda broken into two if I did a loan, rather order my PC parts all in one rather complicate things for myself.

Thanks for the speculation though. Smiley
GBattaglia
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April 24, 2014, 06:57:38 PM
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I'll wait it out. Not worth the 10% and up interest, plus my money will be kinda broken into two if I did a loan, rather order my PC parts all in one rather complicate things for myself.

Thanks for the speculation though. Smiley

No worries.  Glad to hear you decided.    Smiley
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