[ANN] Bitbond – Bitcoin P2P loans

[Fugger]

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 ?

We definitely take online income seriously but it's important to provide a proper documentation of it.

[Fugger]

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.

Well said, thank you. You can also find our more here http://blog.bitbond.com/exchange-rate-pegged-loans/

[Bitbond-support]

Bringing you the latest interview with Featured Borrower Anil, from India. Don't miss it!
https://www.bitbond.com/resources/interview-anils-first-bitbond-loan/

[drakoin]

The English / Español choice on the bottom of the pages at
https://blog.bitbond.com/ and http://blog.bitbond.com/

is not properly switching languages.

[drakoin]

A blog needs a timestamp for the articles.

E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/

- which week is it?

[Fugger]

A blog needs a timestamp for the articles.

E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/

- which week is it?

Thank you! We are adding the date on the weekly digest and fix the language selector.

[Fugger]

Bitbond is proud to announce its new

Bitcoin Affiliate Program https://www.bitbond.com/affiliate

Earn up to 50% commission of our origination fee!

Start earning bitcoins today and help getting small businesses financing.

[shane]

good news
https://www.zapchain.com/a/l/im-founder-of-bitbond-we-let-people-borrow-up-to-10000-with-rates-as-low-as-77-investors-can-/GmSruNx7EM#

[Fugger]

good news
https://www.zapchain.com/a/l/im-founder-of-bitbond-we-let-people-borrow-up-to-10000-with-rates-as-low-as-77-investors-can-/GmSruNx7EM#

thank you 

[favdesu]

nice fake review there





nice try.

[bitcoin revo]

nice fake review there

nice try.

That's sad; I'm sure that the website itself is legit but I guess they were trying to boost registrations. Unfortunately, 99% of reviews with a personal picture in them are fake.

To the OP, trying avoiding any deceptions when it comes to your site. Maybe favdesu will remove the rating in the far future.

[favdesu]

nice fake review there

nice try.

That's sad; I'm sure that the website itself is legit but I guess they were trying to boost registrations. Unfortunately, 99% of reviews with a personal picture in them are fake.

To the OP, trying avoiding any deceptions when it comes to your site. Maybe favdesu will remove the rating in the far future.

I know it's common business for many services to show fake reviews to boost it. doesn't mean they're shady.

However, you don't do this in bitcoin. we're way too paranoid to fall for this type of false advertisement

[Fugger]

nice fake review there

nice try.

what makes you think this is a fake review? that's a pretty strong accusation. yes, we are using a stock image. we care about the privacy of our users and if they don't want to have a head-shot of them publicized on our homepage we don't do it. however, that doesn't make the review itself fake.

a lot of eBay PowerSellers got a loan through Bitbond. believe it or not, some of them were female and had something positive to say about Bitbond. the fact we don't publicly show information about gender, ethnicity or other factors that could be used to discriminate against is a huge advantage of our platform versus banks. using a stock photo on a review doesn't make the review fake.

have you ever gone through the humiliating process of an in-person loan application at a bank?

I would appreciate it if you removed the trust entry on my profile. nobody of Bitbond has been misleading anyone.

[Bitbond-support]

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.

Well said, thank you. You can also find our more here http://blog.bitbond.com/exchange-rate-pegged-loans/

The blog post has been updated to this one https://www.bitbond.com/resources/exchange-rate-pegged-loans/ 

[SignificantOtter]

Looks like someone is investing on Bitbond and documenting the whole thing. Looking forward to it     http://peersociallending.com/portfolio/placing-my-first-p2p-bitcoin-loan-on-bitbond-2/

[Vilkates]

Hi,

I invest on Bitbond.
Waiting for first loan repay. How I understand this site is from Europe.
And google tranlsate can read about founder bitbond http://crowdstreet.de/2013/11/28/bitbond-net/
http://bitcoin-konferenz.de/portfolio-item/radoslav-albrecht/

[lama-hunter]

Hi there Bitbond Community,

i`ve invested about 0.1 BTC on Bitbond on an 6W Loan.
Iam really exicted gettin it paid BAck. This is my first Investment on Bitbond.

I think the rates for the Investors are pretty good and therefore it comes with you if you go high or low. Otherwise, of course its recommended normally to set more smaller Ammounts on differents loans to get it paid back.... Otherwise no risk no Fun

What are your experiences with Bintbond guys? Would be my pleasure to hear about - Let me know

regards
lama-hunter

[jsmithwac]

activated AutoInvest with 1 BTC in July 15

now i have 1 defaulted (0.5BTC) and a few which are late 30 days / 90 days.
Some are fully paid and some others seem paying.

now deactivated AutoInvest to see what is happening....


It looks like this system is working but there are some (getting more?) thieves who won't pay you back.

[lumeire]

activated AutoInvest with 1 BTC in July 15

now i have 1 defaulted (0.5BTC) and a few which are late 30 days / 90 days.
Some are fully paid and some others seem paying.

now deactivated AutoInvest to see what is happening....


It looks like this system is working but there are some (getting more?) thieves who won't pay you back.

You don't do autoinvest in loans! It's a must that you read backgrounds and examine previous proof of payments. Although still, there's no bulletproof way of making sure the loan always gets repaid. I've had a lot of experience with these forms of investment and no matter how you scrutinize every detail, you'll always get defaults. The best way to minimize losses is investing in smaller increments, with high interests.

[Bitbond-support]

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