https://www.zapchain.com/a/l/im-founder-of-bitbond-we-let-people-borrow-up-to-10000-with-rates-as-low-as-77-investors-can-/GmSruNx7EM#
Topic: [ANN] Bitbond – Bitcoin P2P loans - page 5. (Read 24782 times)
Bitbond is proud to announce its new
Bitcoin Affiliate Program https://www.bitbond.com/affiliate
Earn up to 50% commission of our origination fee!
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Bitcoin Affiliate Program https://www.bitbond.com/affiliate
Earn up to 50% commission of our origination fee!
Start earning bitcoins today and help getting small businesses financing.
A blog needs a timestamp for the articles.
E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/
- which week is it?
E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/
- which week is it?
Thank you! We are adding the date on the weekly digest and fix the language selector.
A blog needs a timestamp for the articles.
E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/
- which week is it?
E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/
- which week is it?
The English / Español choice on the bottom of the pages at
https://blog.bitbond.com/ and http://blog.bitbond.com/
is not properly switching languages.
https://blog.bitbond.com/ and http://blog.bitbond.com/
is not properly switching languages.
Bringing you the latest interview with Featured Borrower Anil, from India. Don't miss it!
https://www.bitbond.com/resources/interview-anils-first-bitbond-loan/
https://www.bitbond.com/resources/interview-anils-first-bitbond-loan/
What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it.
What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ?
Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC )
Like I said, there's two denomination values. I don't use Bitbond myself, I just had a quick look and it seems people can choose what "Base Currency" for their loan to be denominated in. Someone who doesn't mind risk probably won't care about denominating their loan in Bitcoin. Someone who knows they have a fair salary and wants to avoid risk can equally opt to have the loan be denominated in USD.
I just signed up and tested it and ... just stuck, probably not a lot of people will be able to borrow because there is that proove of income how someone is supposed to proove his income if he make it online , He screen his Paypal or his Bitcoin wallet or how this works exactly ?
or Online income aren't taken seriously ?
We definitely take online income seriously but it's important to provide a proper documentation of it. or Online income aren't taken seriously ?
I just signed up and tested it and ... just stuck, probably not a lot of people will be able to borrow because there is that proove of income how someone is supposed to proove his income if he make it online , He screen his Paypal or his Bitcoin wallet or how this works exactly ?
or Online income aren't taken seriously ?
or Online income aren't taken seriously ?
What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it.
What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ?
Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC )
Like I said, there's two denomination values. I don't use Bitbond myself, I just had a quick look and it seems people can choose what "Base Currency" for their loan to be denominated in. Someone who doesn't mind risk probably won't care about denominating their loan in Bitcoin. Someone who knows they have a fair salary and wants to avoid risk can equally opt to have the loan be denominated in USD.
What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it.
What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ?
Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC )
What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it.
What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin? Am I sunk?
Read our interview with feature borrower Scott. It gives interesting insights about his Bitcoin knowledge and the background of his online business.
http://blog.bitbond.com/interview-with-feature-borrower-scott-from-australia/
https://www.bitbond.com/buyer/listings/288ACW46NY
http://blog.bitbond.com/interview-with-feature-borrower-scott-from-australia/
https://www.bitbond.com/buyer/listings/288ACW46NY
How often does the price get "refreshed" when a loan has the USD as its base currency?
Every 6 hours. We pull it from BitcoinAverage and always take the average of the last 24 hours.
You can also find more info here http://blog.bitbond.com/exchange-rate-pegged-loans/
Just got an answer. Very slick. This might be fun and profitable.
Thanks! Yes, we tend to be quicker via our customer support.
Just got an answer. Very slick. This might be fun and profitable.
My wife and I own a business in Bangkok and we have applied for a loan but didn't hear anything back other than an auto-reply. Is there someone processing applications right now?
How often does the price get "refreshed" when a loan has the USD as its base currency?
Read our new interview with Sam Panwar from India
http://blog.bitbond.com/interview-with-feature-borrower-shimbhu-from-india/
https://www.bitbond.com/en/buyer/listings/281XT346FW
http://blog.bitbond.com/interview-with-feature-borrower-shimbhu-from-india/
https://www.bitbond.com/en/buyer/listings/281XT346FW
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