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weenfan (OP)
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March 27, 2013, 09:15:50 AM
Last edit: March 30, 2013, 08:37:31 PM by weenfan |
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<EDIT> Upped the interest rate to 5%. 65% APR.. 2 BTC interest for 5.21</EDIT> https://btcjam.com/listings/2957I Just need to lock in the difference between payments to and from me on BTCjam to the mtgoxusd rate.  Sorry for the mess with loan postings here .. This seems to be a more realistic goal. |
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weenfan (OP)
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March 28, 2013, 11:00:49 AM |
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I need this funded .. BTC is going sky high .. need help locking my BTCjam folder down .. ! |
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weenfan (OP)
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March 29, 2013, 09:30:24 PM |
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weenfan (OP)
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March 30, 2013, 02:46:19 AM |
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I hope to get this funded before $100 hits!
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🏰 TradeFortress 🏰
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Activity: 1316
Merit: 1043
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March 30, 2013, 03:51:42 AM |
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Are you seriously going to try this forever?
Nobody sane is going to loan it at this interest rate, Bitfinex's current USD interest rate is 168.3%/year.
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astanix
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March 30, 2013, 04:05:36 AM |
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Such a terrible interest rate to offer, especially tied to mtgox.
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weenfan (OP)
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March 30, 2013, 08:25:56 AM |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
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March 30, 2013, 11:19:39 AM |
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That is not what we need, lenders agreed on a repayment amount, and that is in BTC. Try buying some mpoe calls on CoinBr. |
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weenfan (OP)
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March 30, 2013, 12:10:59 PM
Last edit: March 30, 2013, 12:37:01 PM by weenfan |
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In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be.
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weenfan (OP)
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March 30, 2013, 12:44:29 PM |
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weenfan (OP)
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March 30, 2013, 01:12:00 PM |
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So looking back the point of getting BTC lent to me was to use them to make more BTC and outpace the payments. I get it now.
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weenfan (OP)
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March 30, 2013, 08:29:43 PM |
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I raised the interest rate to 5% per monthly payment. This should make it more attractive to lenders.
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astanix
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March 30, 2013, 08:50:13 PM |
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In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be.
So as a borrower if you borrow 10 btc at $30 and it goes up to $90 and you didn't peg it to MTGOXUSD, you claim to be getting fucked. As a lender if I loan you 10 btc at $90 and it drops and you repay it at $30 I'm fucked either way. This is the perils of the btcjam system, there definitely shouldn't be a way to change the loan AFTER it is funded. I loan BTC out on btcjam in the hopes that it will rise, if the value falls, it's pointless to me. |
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Vod
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Licking my boob since 1970
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March 30, 2013, 08:52:28 PM |
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In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be.
Well, the obvious question is why did you borrow BTC if you actually wanted cash? |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soon! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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weenfan (OP)
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April 11, 2013, 03:33:00 AM |
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Because I'm incredibly stupid .. |
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weenfan (OP)
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April 11, 2013, 06:02:56 PM |
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Now would be a good time for this .. if any .. .. trying to keep my BTCjam fort up .. heh |
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weenfan (OP)
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April 12, 2013, 09:25:46 PM |
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Well guys .. the notes feature is exactly what I'm looking for .. I can get this done that way .. |
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