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Author Topic: Looking for constant dollar loan with payments in BTC  (Read 706 times)
yochdog
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January 30, 2013, 04:12:07 PM
 #1

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. 


 

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yochdog
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February 10, 2013, 06:49:00 PM
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Bumping this.  I assume since everyone is 110% confident BTC can only go higher there are few takers.....

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February 14, 2013, 05:16:00 PM
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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.

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yochdog
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February 14, 2013, 05:25:29 PM
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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. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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February 21, 2013, 06:12:53 PM
 #5

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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