I have been watching the USD -> BTC rate rise over the last few weeks and I fear it will continue to rise during the course of my loans.
I knew the risks when I took out the BTC loans, however the exchange rate has already hurt me quite bad (I cashed out the BTC for around $10) and if it rises beyond $13.50 - I will have broken even on my trades with this loan - anything above this and I have made a loss which I am trying to avoid.
Any spare cash I have will be going into paying off the BTC loans early - I am already about 3 weeks in advance on most of my BTC loans.
I am asking for a loan tied to the USD to consolodate my BTCJam loans - all BTC lent to me will go into systematically paying off my loans on BTCJam - so my liability decreases.
I am willing to convert BTC to USD at the rate of Mtgox average +5% to cover any deposit/withdrawal fees as this loan is more suited to someone who wants to short BTC or deposit fiat to get a fixed fiat return.
It is NOT suited to someone who is long BTC or wishing to invest BTC as you may get back less BTC than you lend out however you will get the same as you lent out in USD terms with interest.
I require 147 BTC to completely clear my BTCJam debts either from one or multiple lenders - anything as low as 5 BTC is acceptable as that will pay off 1 repayment of one of my loans.
Here is a link to my profile on BTCJam -
https://btcjam.com/users/92I have made 14 repayments - 13 are outstanding.
I also have concluded many transactions on this forum and never had a single problem - I am very open and very honest.
I do have some current outstanding loans other than this - however this loan does not increase my debt as I will be using it to clear other debt and most likely save myself money in the long term.
I have tried to make this post as clear as possible but if you have any questions please do not hesitate to ask either here or by PM.
Interested parties can discuss loan terms by PM - i.e duration/interest rate however mid to longer term loans are preferred (4-26 weeks) however small short term ones may not be discounted.
Thank you for your time in reading this.