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Bitbond-support
Jr. Member
 Offline
Activity: 364
Merit: 1
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April 27, 2015, 01:23:05 PM |
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nor9865
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May 05, 2015, 01:55:13 AM |
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I did not know of this site. I am relatively new to the investment world, but hope to gain ground here soon. I will look into this site more once I have some free time to check it out.
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Fugger (OP)
Member
Offline
Activity: 156
Merit: 10
Founder of Bitbond
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May 05, 2015, 06:50:09 AM |
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I did not know of this site. I am relatively new to the investment world, but hope to gain ground here soon. I will look into this site more once I have some free time to check it out.
If you have questions, feel free to post them here or contact us via email ('service' @ 'bitbond.com') or post to our forum http://resources.bitbond.com/forums/212642-forum |
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Bitbond-support
Jr. Member
Offline
Activity: 364
Merit: 1
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May 29, 2015, 12:32:10 PM |
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BlackSpidy
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June 04, 2015, 04:04:32 AM |
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How often does the price get "refreshed" when a loan has the USD as its base currency?
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tiptopgemdotcom
Legendary
Offline
Activity: 1736
Merit: 1000
Truly decentralized stable asset
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June 04, 2015, 05:16:27 AM |
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My wife and I own a business in Bangkok and we have applied for a loan but didn't hear anything back other than an auto-reply. Is there someone processing applications right now?
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tiptopgemdotcom
Legendary
Offline
Activity: 1736
Merit: 1000
Truly decentralized stable asset
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June 04, 2015, 02:24:00 PM |
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Just got an answer. Very slick. This might be fun and profitable.  |
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Fugger (OP)
Member
Offline
Activity: 156
Merit: 10
Founder of Bitbond
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June 04, 2015, 03:05:29 PM |
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Just got an answer. Very slick. This might be fun and profitable. Thanks! Yes, we tend to be quicker via our customer support. |
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Fugger (OP)
Member
Offline
Activity: 156
Merit: 10
Founder of Bitbond
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June 04, 2015, 03:09:42 PM |
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How often does the price get "refreshed" when a loan has the USD as its base currency?
Every 6 hours. We pull it from BitcoinAverage and always take the average of the last 24 hours. You can also find more info here http://blog.bitbond.com/exchange-rate-pegged-loans/ |
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tiptopgemdotcom
Legendary
Offline
Activity: 1736
Merit: 1000
Truly decentralized stable asset
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June 06, 2015, 09:23:25 AM |
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What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
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DiamondCardz
Legendary
Offline
Activity: 1134
Merit: 1112
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June 06, 2015, 11:50:46 AM |
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What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it. |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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The Bad Guy
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June 06, 2015, 11:59:53 AM |
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What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it. What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ? Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC ) |
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DiamondCardz
Legendary
Offline
Activity: 1134
Merit: 1112
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June 06, 2015, 12:28:40 PM |
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What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it. What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ? Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC ) Like I said, there's two denomination values. I don't use Bitbond myself, I just had a quick look and it seems people can choose what "Base Currency" for their loan to be denominated in. Someone who doesn't mind risk probably won't care about denominating their loan in Bitcoin. Someone who knows they have a fair salary and wants to avoid risk can equally opt to have the loan be denominated in USD. |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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RappelzReborn
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June 06, 2015, 01:02:05 PM |
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I just signed up and tested it and ... just stuck, probably not a lot of people will be able to borrow because there is that proove of income how someone is supposed to proove his income if he make it online , He screen his Paypal or his Bitcoin wallet or how this works exactly ?
or Online income aren't taken seriously ?
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