And still, this is just money you are playing with.
Just don't play for 2 months, and you're back on track. Right ?
All I'm saying is it' very possible for me to pay this back and make somebody money. That's what my goal of posting is here was:
- Quick and reputable loan
- Make somebody money
Your word is not a guarantee, and your jeep is not worth enough.
For what it's worth I just did a KBB on it .. It's worth 3500.
So to a dealer wholesaled it would be 1500 (still not 2k, but it depend on the dealer) .. a private party much more.
Are you proposing borrowing Bitcoins or cash? There is a difference, after all...
Scenario 1) You borrow 17.5 BTC at $135 each and intend to replay $2362.5 upon the due date, regardless of what the price of Bitcoin does (ie, if the price of bitcoin fals, you repay many more BTC than your borrowed, andif the price of BTC spikes, you repay the loan by buying fewer Bitcoins than you received in the first place.
Scenario 2) you borrow 17.5 BTC and intend to reoay the loan by transferring 17.5 BTC back to the lender, without regard for the price (ie; if the USD/BTC exchange rate goes to $270, you would be paying back twice as much on a dollar denominated basis, or if BTC falls to $67.50, you'd be repaying half as much on a dollar basis.
Either is fine, but should be disclosed. If you're seeking something akin to Scenario 1, I would make it clear that you're trying to borrow cash and intend to repay cash, with Bitcoin jut there as the means to transmit value. If you're envisioning the second scenario, one might ask what your plan to repay will look like should Bitcoin double in price during the time the loan sis outstanding.
Good question.
I'm asking to borrow 17.5 btc. I'm never going to cash these out .. They are just send to the current guy I'm looking to pay.
NOW for paying back - I would prefer to pay back in BTC. Keep things simple. If you would prefer me paying you back in cash or maybe half cash and half coins .. I'd be open to that as well.
I understand that from the point in time I borrow the coins to when I'm looking to repay COULD double. So I would have to buy them at possibly double the value -- that would indeed suck, but keep in mind I'm planning on paying 5btc per week.
Example (and planned payment dates):
September 27 (tomorrow) - 5btc
October 4 - 5 btc
October 11 - 5 btc
October 18 - 5 btc
Make sense?
And yes, by tomorrow I technically only need 15 btc if I purchase 5 tomorrow.
)
