If a friend ows you 0.1 Btc from Dec 2016 ...

[cvk1992]

... what would you do now? 

[1715333298]

1715333298

[JumboCactuar]

A true friend wouldn't owe something for 1 year
Demand it or unfriend him

[intelligent.investor]

It is better to pay a creditor than give to a friend.

[BrewMaster]

when lending something to someone (in this case bitcoin to a friend) you need some kind of agreement or contract, verbal or non verbal and in that you should set the terms. for example you talk about price and what the plan should be in case it went up or it went down (the risk works both ways). and then stick to it. if you had something like that, then stick to it and if not then that is your fault!

[Kemarit]

... what would you do now? 

He ows you, then you have the right and get it back. But with the current price, do you think he will pay you back? And does he still have the ability to pay you? It's been year already and what makes you think that he will pay you back now? Did you lend him in fiat equivalent or just pure bitcoin. There's a lot of parameters that we need to factors here. But to be honest, with the current price, I doubt that your friend will pay right now. And you shouldn't allow him not to pay you maybe in a month or two. You have waited too long. But if he is a "true friend", then probably he/she will pay you back. But based on my experienced, people tend to forget their loans, much more if it's only a verbal agreement.

[aleksej996]

Stab him

Just kidding of course...that can get messy

Does he even have those bitcoins anymore? He might not be able to pay you back anymore and as price of bitcoins increase, he might never be able to.
I think that you should either demand your bitcoins now or forgive him. Waiting will just make the situation a lot worse as the price rises.

[ismadanniel]

i will rather pay him a cash + friend will not ows you until 1 year for my experience 3 month is the max

[cvk1992]

thanks for your opinions.
it s not about not-paying-me back at all. friend wants to pay but we cant agree upon which Price.
i mean 1600 Dollars is way too much. that s why i prefer Bitcoin. you simply just cant compare it to dec 2016. asking for that price is hilarious.
my friend has btc maybe 0.6 or something like that which would then be one sixth of his net-worth acquired by trading in the last 4 months.
but it is still the equivalent of 1600 Dollars right?

[DU18]

... what would you do now?  

Well, It's would be really tough.Because bitcoins price is more than double now if we comparing to the price of Dec 2016.

I will try to give USD instead of bitcoin according to the price of Dec 2016.I don't know if my friend will be satisfied with that.

[kurian]

We can do nothing. I mean without collateral it's hard to get it back. Considering the current rise in btc rate there's no chance of getting it back.

[cvk1992]

no they are gone - died in a hack.
I had told him to send me three times but he had forgotten and it was not done on purpose.
trading is the same workload at every btc Price. it doesnt keep you more busy when prices increase.
maybe we can find another solution.
for example 100 or sthg like that invested in dec 2016
friend paid 1000 to start trading
and then the percentage compared to the net worth and the Investments - complicated  

[bill gator]

When it comes to friends man you've gotta figure out what they mean to you as a friend before you do anything rash. The other guy is saying "friends don't owe you money" so unfriend him and demand it; is your friend in a position to pay you back or are they having a tough time? If they have the coin, or the money, I'd for sure ask for it; make sure your buddy even remembers that they owe you money in the first place haha, they honestly might not even remember.

I owe a friend IRL .035, and I haven't talked to him in years. If we ever meet up again I have it for him, but I don't know his address and just haven't spoken. Talk it over with them.


EDIT : Seen you spoken too them, so now maybe just discuss them putting aside some money each paycheck to pay you off ?

[seespotto]

Lets flip the script. Let's say your friend owed you .1 BTC from Dec 2016. Now fast forward to 2018. BTC has crashed and the price is now 10 cents apiece.
Would you be ok with your friend saying "Hey Bro, here's the .1 BTC I owe you..."

I'd say he should pay you what ever the price was at that time.

[TimtheYoutuber]

It would depend on the situation. You can lend money for a year or more, depending on the agreement. Also I wouldn't lend crypto currency. If my friend needed money to pay a bill or something and I was nice enough to give him 0% interest then I would give him fiat.

[HasHe]

... what would you do now?  

If he is honest enough,then he should pay the same amount 0.1 BTC in return today.

But you should have mentioned the terms and norms when lending that whether it should be returned as per the dollar rate of that day or should it be returned only in BTC.

But your friend would definitely get a confusion at first whether he could pay you just the amount equal to dollar value on that day.Its human nature.

[tiggytomb]

If I didn't get it back by now the I wouldn't have needed it, it depends on the friend really and what type of friend they were, but I wouod definitely say to them hey remwmber that 0.1.....?

[bit-freedom]

Try asking him for the BTC. And it depends on the kind of friendship both of you share and his situation. In any case, if he doesn’t want to return, learn the lesson and don’t lend him anymore in the future.

[aleksej996]

thanks for your opinions.
it s not about not-paying-me back at all. friend wants to pay but we cant agree upon which Price.
i mean 1600 Dollars is way too much. that s why i prefer Bitcoin. you simply just cant compare it to dec 2016. asking for that price is hilarious.
my friend has btc maybe 0.6 or something like that which would then be one sixth of his net-worth acquired by trading in the last 4 months.
but it is still the equivalent of 1600 Dollars right?

I think that it is definitely fair that he pays you the current price for those bitcoins. Unless you think that you would have sold them by now or would be hacked as well, it is fair to ask from him the amount you gave him.

You can always meet half way if you are not sure. Current price plus the price at that time, divided by two.

I can just say that I would definitely have not sold my bitcoins since then (as I didn't) and that I would never hold them in an online wallet or centralized exchange. I would always have my private keys on my computer and only there. So if I gave someone a loan in bitcoins, I would expect bitcoins in return.

[DannaWonder]

thanks for your opinions.
it s not about not-paying-me back at all. friend wants to pay but we cant agree upon which Price.
i mean 1600 Dollars is way too much. that s why i prefer Bitcoin. you simply just cant compare it to dec 2016. asking for that price is hilarious.
my friend has btc maybe 0.6 or something like that which would then be one sixth of his net-worth acquired by trading in the last 4 months.
but it is still the equivalent of 1600 Dollars right?

Then what you can do is, just ask for the same amount of BTC that he borrowed you a year ago. You don't need to consider the dollar value today since as you've said he is also trading so he should know what is the value of BTC and he will now get the funds to pay you from his fiat resources.

[GreenBits]

... what would you do now? 

if this is truly your friend, cut them some slack. no one expected all this growth in such a short time. and to call in that marker at its peek valuation is kind of rude, if this is your bro (im assuming you know his situation, there is a reason why he hasnt paid you back yet. this is one of the few types of debt that may grow over time, and a new thing to the financial sphere. at the best, charge him the usd price from the time when he borrowed the coins. at the worst, get SOME of the profit you would have had if you had kept your coins, but understand while he may owe you money, he has a legitimate reason to be salty about this. his loan went up over 100% .

how would you feel about your mortgage if you had to pay half as much again, suddenly?