Topic: Considering BTC Investors for Mainstream Business: BTCJam or Private Loan? (Read 535 times)
February 07, 2014, 10:36:48 PM
A problem with any long-term bitcoin denominated loan is that if bitcoin goes down significantly, the lender loses as he gets back bitcoins that are worth much less, yet if bitcoin goes up significantly, the borrower probably won't be able to pay back at all, so the lender loses even harder. This is on top of any business risk, and the risk of the loan being an outright scam.
February 07, 2014, 10:24:41 PM
I operate Content Kung Fu, a content marketing firm. It's a new company and my goal is to build and operate it with BTC. I'm going for 100% BTC, but realistically 50-60% would be outstanding. So far it's been built with USD 
The problem: I've been bootstrapping everything and I'm at the end of my rope. I'm considering taking on an investor/loan.
My question - should I try to crowdfund this with BTCJam or seek out an individual who would like to invest? I'm looking for a 12 month repayment plan with generous interest (5-7%). Looking for around 10 BTC, a relatively small loan.
Any tips or advice as I move forward will be greatly appreciated. I'm leaning towards BTCJam, but I'm still new to BTC funding options.
Thank you!
The problem: I've been bootstrapping everything and I'm at the end of my rope. I'm considering taking on an investor/loan.
My question - should I try to crowdfund this with BTCJam or seek out an individual who would like to invest? I'm looking for a 12 month repayment plan with generous interest (5-7%). Looking for around 10 BTC, a relatively small loan.
Any tips or advice as I move forward will be greatly appreciated. I'm leaning towards BTCJam, but I'm still new to BTC funding options.
Thank you!
You won't find anyone on this forum foolish enough to lend you 10btc without full collateral.
You might find them at btcjam though.
February 07, 2014, 10:19:22 PM
First of all you must offer some sort of collateral and also if you ask for too much btc to be repaid in a long term period subjected to a repayment plan with a low interest nobody would take your offer seriously. Excuse me if I am too harsh but there are a lot of scams going on.
January 30, 2014, 11:52:14 PM
I operate Content Kung Fu, a content marketing firm. It's a new company and my goal is to build and operate it with BTC. I'm going for 100% BTC, but realistically 50-60% would be outstanding. So far it's been built with USD
The problem: I've been bootstrapping everything and I'm at the end of my rope. I'm considering taking on an investor/loan.
My question - should I try to crowdfund this with BTCJam or seek out an individual who would like to invest? I'm looking for a 12 month repayment plan with generous interest (5-7%). Looking for around 10 BTC, a relatively small loan.
Any tips or advice as I move forward will be greatly appreciated. I'm leaning towards BTCJam, but I'm still new to BTC funding options.
Thank you!
The problem: I've been bootstrapping everything and I'm at the end of my rope. I'm considering taking on an investor/loan.
My question - should I try to crowdfund this with BTCJam or seek out an individual who would like to invest? I'm looking for a 12 month repayment plan with generous interest (5-7%). Looking for around 10 BTC, a relatively small loan.
Any tips or advice as I move forward will be greatly appreciated. I'm leaning towards BTCJam, but I'm still new to BTC funding options.
Thank you!
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