Hello!
I wanted to know if a person here take a loan for example of 0.1 BTC the worth 1000$ ( for example )
and people are giving him X money/BTC for his loan
when he will need to return the loan is he return th X amount of money that he take for a loan or X amount of BTC
I am asking because if for example I toke an loan of 0.1 BTC that worth 1000USD and I said i will repay next month and the next month 0.1 BTC worth 1500 USD
so how much i need to return still the 0.1 BTC or 1000 USD?
Thank for the help !
if loan not tied to fiat by agreement, you should repay 0.1BTC +interest, no matter what the BTC price is at that time.
and how does the interest agreed? each person that want to take the loan says how much he will pay ?
or the person that give the loan saying how much does he want?