bcoin value question

Mr no juice (OP)

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bcoin value question

March 06, 2017, 04:02:06 AM

#1

Thinking of becoming a bitcoin loaner have a question say someone wants to borrow 0.5 bitcoin will pay 0.6 at later date if value is 1200 per bitcoin at time of loan then value drops 1150 0.6 bitcoin would be lower value so does the ampayout value get based on value whn it was 1200?

Frosxh

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Re: bcoin value question

March 06, 2017, 04:16:07 AM

#2

most loans are taken on its BTC value and not the USD value of it, so if btc price drops after the loan has been given it doesn't matter unless there is an agreement between the loaner and the reciever to pay in USD value

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xianbits

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Re: bcoin value question

March 06, 2017, 04:24:56 AM

#3

As long as you agreed to borrow and pay in bitcoins, whatever it's current equivalent USD, there will be no problems with that.

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Mr no juice (OP)

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Re: bcoin value question

March 06, 2017, 04:27:09 AM

#4

Ok thanks guys

josephdd1

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Re: bcoin value question

March 06, 2017, 09:38:44 AM

#5

Quote from: Mr no juice on March 06, 2017, 04:27:09 AM

Ok thanks guys

If you are covered from the answers of members, you can lock this thread of yours.
Imho, you should be covered... Good luck whatever you decide, cheers! Cool