did loan under shasan's terms
op:
Amount: 0.0168 BTC ($429 value at time of this post)
Purpose: Personal
Repayment amount: $472 worth of BTC (spot price at time of repayment).
Repayment date: By November 7 (8 weeks, can be up to 2 weeks sooner.
BTC address: bc1qs4f4q7cvs80cfdw46wukcflm9h3n4qky3xngpa
Note: I can make repayment in other blockchains if preferred (at spot price of repayment amount on repayment date).
The lender should know that there is a level of volatility with this loan which applies to both parties since the loan is in BTC, and the repayment is in USD.
If the BTC price drops 50%, the borrower pays double the amount of BTC lent.
If the BTC price rises 100%, the lender receives 50% less BTC than lent.
I am happy with this volatility and have factored it into my budget. It is assumed the lender is too if they go ahead with the loan
More details:
All of these posts have bullish bias. Obviously if you are not happy with the volatility because you think price will go up, then you won't take the deal.
Though if one is happy with the volatility and sees that in a bearish scenario, you can make more than just the interest in BTC, then that's when this loan would be filled.
Anyone who is:
- Bullish in the 8 week period
will not want to do this due to the "higher risk" of losing BTC value.
- Bullish long-term but are bearish in an 8 week period
will see the benefit for us both in a scenario where price falls further.
- Bearish mid-long term is
irrelevant to the matter (and probably wrong).
... and blindly bullish (think that downside is
certainly not possible on an 8-week term) look exactly like this:
Because he expects BTC to pump, and he wants to pocket some at the lender's expense.
Are you really so certain about BTC's 8-week performance that you can't see the other side of the coin or are you assuming that is my goal? I guess you're a "glass half empty" kind of person. Or is something else the matter?
You should leave me with a negative trust rating if really believe that "pocketing btc at the lenders expense" is the only possible outcome in this deal.
Personally, I am not bullish. I am bearish - on the 8 week outlook. Of course, I am bullish on Bitcoin in the mid to long term.
Any lender who shared this view will understand the benefits for us both (I get the loan, he gets more coins + interest) - Thus the risk; if the price rises, he loses out on some coins (he does get the interest to potentially make up for that though) and my loss is capped at 10% in usd value.
The only volatility I can see is the OP trying to slam a well respected member and picking up three or four distrusts for their skewered interpretation of what constitutes trust.
Good one
Offer open until September 17 00:00 server time
