If a friend ows you 0.1 Btc from Dec 2016 ... - page 4.

batang_bitcoin

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

I will not ask him for any interest will only tell him that he should pay me in full with the same amount. Since before 0.1 BTC isn't that much but now it's totally different when it comes to money. Bigger amount should not be forgotten and if he's a friend of mine,I'll tell him that just because of that amount he will let our friendship ends. So I'll see if he chose the debt or paying me.

Aikidoka

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Honestly, that is too much. I would not borrow that amount of bitcoin if you ask me. How am I going to pay him back? It is nearly impossible for me to pay him back and vise versa. If he owes me 0.1btc and he is my close friend, I would be patient because I believe he would pay me someday.

Added to that, I already owe my friend money. And I am going to pay him back. Otherwise, our friendship will collapse. When money intervenes, there is nothing called friendship unless it is a strong one.

shamzblueworld

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

What were the terms of this loan? Did you tell him that you'd get back your 0.1 bitcoin eventually? If yes, then he must pay you full 0.1 bitcoin regardless of the current value of it.

rb26

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

This is why it's not always good to have credit between friends as it may cause some conflicts or worst may end the friendship. But seriously, why should it last a year before settling it? Anyway, if my friend owes me 0.1 btc I think the decision will be based on the agreement beforehand, that is if we had one. But if none, maybe we can talk it over a coffee and come up on a win-win situation. And of course I will still consider his situation if he is capable to pay back the same btc amount or maybe I'll just ask the last year's equivalent of how much he owes me. But if a year really passed by, maybe that 0.1 was nothing to me so if there's no chance I can get it back then that's life. We will still be friends but I don't think I can be able to lend him again, haha!

emberbekas

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

I don't think your friend will pay his loan, it's already a year now and bitcoin price already increased significantly since 2016. One lesson you should learn is, never ever give a loan to him anymore!

Shamie1002

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

Now that would be valuable nowadays. I guess before you even start lending currency such like this, you should have given him or her a deadline.
I know it's hard to ask or force a friend to return what he borrowed. And maybe if you did, there are chances that he would return it with the same value in fiat and not in BTC which would be very sad for you.

ShadowBits

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

If I was that friend, I would have returned it before it reach a year. That can't be your real friend if he doesn't pay you back.

virtualhero

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It depends on the agreement you want have when he owe you 0.1 BTC. if the agreement wasto pay for you in BTC, he should pay you in BTC. If you don't have a clear agreement, assess yourself if it is worth to collect 0.1BTC and your friendship end or you let him pay for what ever amount he can afford.

bitcoinvamp

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You should directly talk to that person if you really want your money back otherwise you would have to forget about that . If that does not work and you don't have any written document about it then my friend you are totally screwed.

eaLiTy

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Quote from: BartS on December 09, 2017, 03:02:06 PM

Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

This is why it is better to never lend anything to friends, give it to them without any expectation you are going to get that money back

If you have real good friends,then there is nothing wrong in lending if you are having money,i was struggling for a while after the recession and one of my friend helped me in overcoming some of my problems and when he needed my help i am there for his aid.
Coming to the OP ,you could figure out a valuation in dollars when you lent the coins and add an additional ten to twenty percent in dollars if he is to return in coins rather than going by the current rate,since you said its your friend you could come up with a good deal yourself.

BartS

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

This is why it is better to never lend anything to friends, give it to them without any expectation you are going to get that money back, but since he borrowed bitcoin he needs to return that bitcoin to you, it is that simple if you accept dollars instead you are going to be the one losing money and you need to look after yourself, your friend is probably going to protest but that is what it is really fair.

GreenBits

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

if this is truly your friend, cut them some slack. no one expected all this growth in such a short time. and to call in that marker at its peek valuation is kind of rude, if this is your bro (im assuming you know his situation, there is a reason why he hasnt paid you back yet. this is one of the few types of debt that may grow over time, and a new thing to the financial sphere. at the best, charge him the usd price from the time when he borrowed the coins. at the worst, get SOME of the profit you would have had if you had kept your coins, but understand while he may owe you money, he has a legitimate reason to be salty about this. his loan went up over 100% .

how would you feel about your mortgage if you had to pay half as much again, suddenly?

DannaWonder

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Quote from: cvk1992 on December 09, 2017, 11:02:48 AM

thanks for your opinions.
it s not about not-paying-me back at all. friend wants to pay but we cant agree upon which Price.
i mean 1600 Dollars is way too much. that s why i prefer Bitcoin. you simply just cant compare it to dec 2016. asking for that price is hilarious.
my friend has btc maybe 0.6 or something like that which would then be one sixth of his net-worth acquired by trading in the last 4 months.
but it is still the equivalent of 1600 Dollars right?

Then what you can do is, just ask for the same amount of BTC that he borrowed you a year ago. You don't need to consider the dollar value today since as you've said he is also trading so he should know what is the value of BTC and he will now get the funds to pay you from his fiat resources.

aleksej996

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Quote from: cvk1992 on December 09, 2017, 11:02:48 AM

thanks for your opinions.
it s not about not-paying-me back at all. friend wants to pay but we cant agree upon which Price.
i mean 1600 Dollars is way too much. that s why i prefer Bitcoin. you simply just cant compare it to dec 2016. asking for that price is hilarious.
my friend has btc maybe 0.6 or something like that which would then be one sixth of his net-worth acquired by trading in the last 4 months.
but it is still the equivalent of 1600 Dollars right?

I think that it is definitely fair that he pays you the current price for those bitcoins. Unless you think that you would have sold them by now or would be hacked as well, it is fair to ask from him the amount you gave him.

You can always meet half way if you are not sure. Current price plus the price at that time, divided by two.

I can just say that I would definitely have not sold my bitcoins since then (as I didn't) and that I would never hold them in an online wallet or centralized exchange. I would always have my private keys on my computer and only there. So if I gave someone a loan in bitcoins, I would expect bitcoins in return.

bit-freedom

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Try asking him for the BTC. And it depends on the kind of friendship both of you share and his situation. In any case, if he doesn’t want to return, learn the lesson and don’t lend him anymore in the future.

tiggytomb

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If I didn't get it back by now the I wouldn't have needed it, it depends on the friend really and what type of friend they were, but I wouod definitely say to them hey remwmber that 0.1.....?

HasHe

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Quote from: cvk1992 on December 09, 2017, 09:11:01 AM

... what would you do now? Huh

If he is honest enough,then he should pay the same amount 0.1 BTC in return today.

But you should have mentioned the terms and norms when lending that whether it should be returned as per the dollar rate of that day or should it be returned only in BTC.

But your friend would definitely get a confusion at first whether he could pay you just the amount equal to dollar value on that day.Its human nature.

TimtheYoutuber

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It would depend on the situation. You can lend money for a year or more, depending on the agreement. Also I wouldn't lend crypto currency. If my friend needed money to pay a bill or something and I was nice enough to give him 0% interest then I would give him fiat.

seespotto

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Lets flip the script. Let's say your friend owed you .1 BTC from Dec 2016. Now fast forward to 2018. BTC has crashed and the price is now 10 cents apiece.
Would you be ok with your friend saying "Hey Bro, here's the .1 BTC I owe you..."

I'd say he should pay you what ever the price was at that time.

bill gator

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When it comes to friends man you've gotta figure out what they mean to you as a friend before you do anything rash. The other guy is saying "friends don't owe you money" so unfriend him and demand it; is your friend in a position to pay you back or are they having a tough time? If they have the coin, or the money, I'd for sure ask for it; make sure your buddy even remembers that they owe you money in the first place haha, they honestly might not even remember.

I owe a friend IRL .035, and I haven't talked to him in years. If we ever meet up again I have it for him, but I don't know his address and just haven't spoken. Talk it over with them.

EDIT : Seen you spoken too them, so now maybe just discuss them putting aside some money each paycheck to pay you off ?

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