Fiyasko (OP)
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Merit: 1001
Okey Dokey Lokey
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January 01, 2012, 07:12:32 PM |
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Heh, People, C'mon A huge loan could give you ALOT of money or a HUGE debt.
Think Good and long about what your doing if your asking for a One Month loan. Look at how much the BTC price fluctuates!.
I've lost more than $100's via fluctuating markets. And i usually never make a loan longer than ten days.
Just. Becareful everyone.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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chungenhung
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January 01, 2012, 11:35:53 PM |
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and if the price move the other way, you could make money too.
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vuce
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January 01, 2012, 11:46:16 PM |
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I kind of agree. I'm not against long term loans per se, but I think 3% interest for a month just isn't enough to cover the risk. But hell, it's their money. and if the price move the other way, you could make money too.
example: I lend 100 btc at 3% for a month. Lets say bitcoin price plummets. I get 103 btc after a month, but I would have gained a lot more if I sold the coins. Lets say bitcoin price rises. Best case scenario I get 3 extra coins. Not worth the risk, imo. |
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teflone
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January 02, 2012, 12:07:58 AM |
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I kind of agree. I'm not against long term loans per se, but I think 3% interest for a month just isn't enough to cover the risk. But hell, it's their money. and if the price move the other way, you could make money too.
example: I lend 100 btc at 3% for a month. Lets say bitcoin price plummets. I get 103 btc after a month, but I would have gained a lot more if I sold the coins. Lets say bitcoin price rises. Best case scenario I get 3 extra coins. Not worth the risk, imo. The cat is neither dead or alive.. |
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Matthew N. Wright
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Merit: 500
Hero VIP ultra official trusted super staff puppet
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January 02, 2012, 12:28:36 AM |
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I kind of agree. I'm not against long term loans per se, but I think 3% interest for a month just isn't enough to cover the risk. But hell, it's their money. and if the price move the other way, you could make money too.
example: I lend 100 btc at 3% for a month. Lets say bitcoin price plummets. I get 103 btc after a month, but I would have gained a lot more if I sold the coins. Lets say bitcoin price rises. Best case scenario I get 3 extra coins. Not worth the risk, imo. The cat is neither dead or alive.. Unless it's Schrodinger's cat, in which case it's both. |
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sadpandatech
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January 02, 2012, 02:16:40 AM |
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I kind of agree. I'm not against long term loans per se, but I think 3% interest for a month just isn't enough to cover the risk. But hell, it's their money. and if the price move the other way, you could make money too.
example: I lend 100 btc at 3% for a month. Lets say bitcoin price plummets. I get 103 btc after a month, but I would have gained a lot more if I sold the coins. Lets say bitcoin price rises. Best case scenario I get 3 extra coins. Not worth the risk, imo. The cat is neither dead or alive.. Unless it's Schrodinger's cat, in which case it's both. *shakes his fist at the proverbial cat* What are the statistics of my killing the cat if shoting at the box. With the box of a given shape and volume. The cat of a given weight and dimensions. The weapon of a given type. Shot from a given distance into the box! |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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Matthew N. Wright
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Activity: 588
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January 02, 2012, 02:17:48 AM |
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I kind of agree. I'm not against long term loans per se, but I think 3% interest for a month just isn't enough to cover the risk. But hell, it's their money. and if the price move the other way, you could make money too.
example: I lend 100 btc at 3% for a month. Lets say bitcoin price plummets. I get 103 btc after a month, but I would have gained a lot more if I sold the coins. Lets say bitcoin price rises. Best case scenario I get 3 extra coins. Not worth the risk, imo. The cat is neither dead or alive.. Unless it's Schrodinger's cat, in which case it's both. *shakes his fist at the proverbial cat* What are the statistics of my killing the cat if shoting at the box. With the box of a given shape and volume. The cat of a given weight and dimensions. The weapon of a given type. Shot from a given distance into the box! Simple: highly plausible and impossible at the same time. |
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sadpandatech
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January 02, 2012, 02:58:41 AM |
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Simple: highly plausible and impossible at the same time.
ZOMG http://www.youtube.com/watch?v=nJNY6WALsL8&ob=av2n and if by some weird chance you like them, check this out; http://www.youtube.com/watch?v=8lDLLJPMonQ |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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Fiyasko (OP)
Legendary
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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January 02, 2012, 04:23:35 AM |
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What the fuck "The uploader has not made this video available in your country." Im Canadian dammnit what did i do wrong? |
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sadpandatech
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January 02, 2012, 04:26:25 AM |
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What the fuck "The uploader has not made this video available in your country." Im Canadian dammnit what did i do wrong? you evil, trying to listen to music outside of your Canadian country, rabiit you! Try this one, not on Vevo; http://www.youtube.com/watch?v=ZJVZgZQYpUo |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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Fiyasko (OP)
Legendary
Offline
Activity: 1428
Merit: 1001
Okey Dokey Lokey
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January 02, 2012, 05:03:03 AM |
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What the fuck "The uploader has not made this video available in your country." Im Canadian dammnit what did i do wrong? you evil, trying to listen to music outside of your Canadian country, rabiit you! Try this one, not on Vevo; http://www.youtube.com/watch?v=ZJVZgZQYpUoOh hey! Now im glad i complained it sounds prett-------- The fuck.. Is that a voice? Aww. Way to kill the Music with your Vocals |
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zer0
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January 04, 2012, 12:45:09 AM |
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Might as well pay each other interest and fees instead of giving it to credit companies.
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jamesg
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Activity: 1358
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AKA: gigavps
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January 04, 2012, 12:49:02 AM |
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Might as well pay each other interest and fees instead of giving it to credit companies.
+1 Support the BTC community! |
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ineededausername
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January 04, 2012, 12:54:59 AM |
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I wonder if my loan arbitrage business caused all these big loans...  |
(BFL)^2 < 0
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zer0
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January 04, 2012, 01:03:30 AM |
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I wonder if my loan arbitrage business caused all these big loans... I think it did, one huge loan went through and floodgates opened now |
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