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Author Topic: [BTCjam] Converting the wicked lasers loan [DELETED] see topic=159413.0  (Read 695 times)
weenfan
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March 21, 2013, 09:20:09 PM
 #1

Increased the interest to 2 BTC

Instead of the 75 btc loan mentioned here > https://bitcointalk.org/index.php?topic=155667.0

I'm just going to convert the remainder of my 27 btc wicked lasers loan to a mtgoxusd listing.

<edit>Just going for the difference between incoming and outgoing payments on btcjam. I'll rate lock that .. </edit>

https://btcjam.com/listings/2957

Thanks Smiley

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March 21, 2013, 09:39:24 PM
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Do not want to burst your bubble but I very much doubt you will get any interest at that interest rate.
I appreciate your situation and I am in the exact same and working to do the same as you - but I have had to agree to anywhere between 4% per month to 10% a month to get my BTC loans consolodated into USD.
Your interest rate is really not very attractive at all.

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March 21, 2013, 09:52:32 PM
 #3

It's mainly for people who have already invested in the other wicked laser loan to jump to this one and get their other investment plus the 2% a month interest back in full early. They are getting $70 bitcoins in exchange for their $15 ones. That's interest enough. Smiley I'll see how this goes and if I have to relist it will be 2%+ a month most likely.

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March 21, 2013, 10:20:09 PM
 #4

People loaned in BTC, their returns are in BTC. It doesn't matter if BTC goes to $1 million each, because they'd have made that much (minus the interest you're paying) by simply holding BTC.

If you want to hedge against further BTC increases, buy calls on BTC..
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March 22, 2013, 06:25:05 PM
 #5

https://btcjam.com/listings/1049 is the original loan I'm trying to convert to usd. The original investors will get 100% of their investment back when the new listing funds .. the new investors will be protected against a bitcoin crash and I'll be protected against the raging bull market. I don't really need the 75 btc loan funded since I have pending payments from other users coming in which makes the raging bull market their problem. There is a point where the raging bull could force people to default. This is new territory for some of us who are not experienced traders. Smiley

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March 22, 2013, 06:44:03 PM
 #6

As far as the buy calls tip is concerned .. I'd need to get a BTCjam loan to do that anyway .. so I feel like just filing a mtgoxusd locked listing does the same thing..

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March 26, 2013, 05:23:23 AM
 #7

Relisted this loan on BTCjam for more interest .. 2 BTC

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March 27, 2013, 09:12:23 AM
 #8

Not funding .. I'll settle for https://btcjam.com/listings/2957

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