chungenhung (OP)
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January 03, 2012, 06:14:58 PM
Last edit: January 03, 2012, 07:43:07 PM by chungenhung |
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chungenhung (OP)
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January 03, 2012, 07:25:20 PM |
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PM sent.
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chungenhung (OP)
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January 03, 2012, 08:54:27 PM |
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As per znort987 . Loan principal = 100BTC
. Interest rate = 15% per month
. Payable back on or before Feb. 3rd 2012
. No partial installments accepted, but one shot early repayment OK
. Interests will be pro-rated to rounded-up number of days money was borrowed
. Amount to pay back on Feb. 3rd will be BTC 100 (principal) + BTC 15 (interests) = BTC 115 (total)
If you agree, I'll send the BTC within the hour to 14ZYVka4JkLvxdRJuuX9odyijGLEwJAbec I received the 100BTC loan on 1/3/2012, and will repay 115BTC on 2/3/2012 to 1HYMB9gQmqGUb8DcxbURin5FchZKBrRWuV |
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chungenhung (OP)
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January 03, 2012, 11:17:17 PM |
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So whats your point? That you have to thread crap all the time? Just for thoughts: Why would I borrow at 15% per month, and put that money into something that makes 15% per YR? I am not that stupid. 15% a month compounded is 535%. You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr? BTW, do you know that most stock brokers would happily let you borrow at 8% per yr? Again, why borrow at 535% when I can get the same fund for 8%? The stock broker would be more than willing to lend me close to 100k, with the amount of stocks I have invested with them. |
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RaggedMonk
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January 03, 2012, 11:19:28 PM |
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Well, you are stupid enough to think you are trading with "zero risk"...
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ineededausername
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January 03, 2012, 11:24:07 PM |
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I hate thread crappers.
1. Doesn't matter if chungenhung spends his money on hookers and blow as long as he repays
2. It's probably for mining, I think
3. He has a good reputation
4. As chungenhung himself said: "You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr?"
5. You don't have to loan to him if you don't want to
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(BFL)^2 < 0
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RaggedMonk
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January 03, 2012, 11:46:31 PM |
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Hey, send me 1000BTC at 535% a year and I'd be happy to start a new account and ditch this one  There are almost certainly people on this forum with that strategy. I don't know if chung is one, but his actions are consistent with it. |
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chungenhung (OP)
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January 04, 2012, 12:34:03 AM |
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Well, you are stupid enough to think you are trading with "zero risk"...
it is zero risk.... I am borrowing BTC, knows I am paying exactly 15% interest, and repay in BTC. What is the risk? enlighten me please. |
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chungenhung (OP)
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January 04, 2012, 12:38:11 AM |
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I hate thread crappers.
1. Doesn't matter if chungenhung spends his money on hookers and blow as long as he repays
2. It's probably for mining, I think
3. He has a good reputation
4. As chungenhung himself said: "You really think I would borrow at 535% a yr, and put it into something that makes 15% a yr?"
5. You don't have to loan to him if you don't want to
1. Well, i probably won't spend it on hookers.... the state i live in is illegal.... 2. yes, i am mining.... those 5870 are expensive.... and the list goes on..... |
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chungenhung (OP)
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Activity: 1134
Merit: 1005
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January 04, 2012, 12:40:20 AM |
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Hey, send me 1000BTC at 535% a year and I'd be happy to start a new account and ditch this one There are almost certainly people on this forum with that strategy. I don't know if chung is one, but his actions are consistent with it. Tell you what, why don't you and I put down 15BTC each to a trusted member. If I repay my loan, I would get all the 30BTC. If I failed to repay, you keep all 30BTC. Are you in? We can of course always up the bet to 1000BTC bet. it's all up to you. |
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