I want to lend some $ (in bitcoin)
1% interest rate / month
so for example I borrow 500$ (at a btc price of 400$ = 1.25 btc)
In 1 month I pay back 505$ (10 btc at a price of 50.5$, 0.5 btc at a price of 1010$)
So I want to lend dollars but you can provide the loan in bitcoin but I'll sell them immediately at the current marketprice
(collateral available for huge amounts)
1% interest rate / month
so for example I borrow 500$ (at a btc price of 400$ = 1.25 btc)
In 1 month I pay back 505$ (10 btc at a price of 50.5$, 0.5 btc at a price of 1010$)
So I want to lend dollars but you can provide the loan in bitcoin but I'll sell them immediately at the current marketprice
(collateral available for huge amounts)
If i decide to loan you, i will risk $500 just to win $5?
This must be a joke. No one will loan you this way.
