I do some P2P lending and with the recent uptick in Bitcoin price something crossed my mind, how does this affect the rate of payback? Logically, anyone who uses the coin to convert to cash is going to have a harder time to pay it back. Of course, the opposite can be said for times where the price goes down.
My fear is that the price is going to go up now and this puts my loans at risk for default. Anyone have experience with this?
you dont have to fear about that,your loan is tottaly safe,price movement should have been predicted by any market,and they can adapt with that situation,i never feel that before,just because i dont take any risk to get a loan.