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Author Topic: Loans in BTC  (Read 3298 times)
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DMD Diamond - 25% interest -

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October 27, 2015, 06:53:17 AM

Long-term loans in BTC are possible? Because of defation.

Deflation? The price goes up and up recently. Also, you loan BTC and repay BTC. No issue there.

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October 27, 2015, 07:21:54 AM

We even can't find a solution to prevent borrower who won't scam us, even with collacteral Sad

Bitcoin volatility is much better than before, so i think we shouldn't worry too much about it
But i'm sure bitcoin price slowly raising over time, so lenders could earn more profit over time while borrower would be hurt to return what have they borrowed

why not?, if you have collateral you are  in a safe box, better than a escrow for me, i just sell the collateral and i'm done

just be sure to take a very good collateral maybe somethign that has a more value than what they asking for
In the long term, the collateral would depreciate in value and it would be much harder to sell it, especially alt coins. I would prefer not giving out long term loans, its just too risky.

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October 27, 2015, 01:08:55 PM

well long-term is really hard to judge. Especially when bitcoin's price change every second and it can change the whole game. People can take advantage of it to make profit I think. However I think the price gonna fixed at the current rate so maybe it is a yes. But the halving is coming so at least wait till it finishes and every stable to lend someone BTC
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