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Question: Do you have outstanding fiat loans held in BTC?
Yes - 16 (20%)
No - 64 (80%)
Total Voters: 80

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Author Topic: [POLL] Do you have outstanding fiat loans held in BTC?  (Read 989 times)
byronbb (OP)
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March 08, 2013, 07:38:38 PM
 #1

 Huh

Rygon
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March 08, 2013, 08:55:47 PM
 #2

Question is confusing. What does it mean to have a fiat loan held in BTC? Do you mean, "Has anyone taken out a loan in fiat in order to buy BTC?"?
phatsphere
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March 08, 2013, 09:10:27 PM
 #3

I don't understand the question, like many others. "no" is just the safe bet.
SgtSpike
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March 08, 2013, 09:31:54 PM
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Huh
Huh indeed...
byronbb (OP)
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March 08, 2013, 10:05:36 PM
 #5

Question is confusing. What does it mean to have a fiat loan held in BTC? Do you mean, "Has anyone taken out a loan in fiat in order to buy BTC?"?

Yes, but more precisely it means: do you presently hold bitcoins which have been purchased on credit.

Blazr
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March 08, 2013, 10:11:10 PM
 #6

Yes, but more precisely it means: do you presently hold bitcoins which have been purchased on credit.

Does that include those who have taken out BTC loans from other Bitcoin users?

justusranvier
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March 08, 2013, 10:11:16 PM
 #7

Yes, but more precisely it means: do you presently hold bitcoins which have been purchased on credit.
Well-known variations include leverage, margin trading, and carry trade.
Elwar
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March 09, 2013, 03:42:31 PM
 #8

Anyone who has any sort of debt is essentially taking out a loan to buy BTC if you choose to buy bitcoins instead of paying down that debt.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
SgtSpike
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March 11, 2013, 07:57:53 PM
 #9

Anyone who has any sort of debt is essentially taking out a loan to buy BTC if you choose to buy bitcoins instead of paying down that debt.
Valid point.
notme
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March 11, 2013, 09:49:40 PM
 #10

I have student loan debt that I would be paying down more quickly if I wasn't dollar cost averaging into bitcoin instead.  Does that count?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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