[Paid] Need .3 btc loan 20% interest in 2 weeks

BitcoinLeader

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Quote from: Vod on September 24, 2013, 08:03:58 PM

Quote from: BitcoinLeader on September 24, 2013, 07:26:57 PM

Thanks. Now would you agree a 15% one time interest should not be compared to a 535% APR loan? I think it would not fit the right context and it should be placed in perspective. It makes it look like a huge interest blown out of it's proportions while it's not.

Well, a 15% per month loan IS 535% APR, but if it is only loaned once, then comparing it a year is irrelevant.

Yes exactly, you express it better.

So would you agree that:
- 535% APR based on 1 interest term is sustainable
- 535% APR based on 12 interest terms is not sustainable

Quote

500% APR is unsustainable.

Your statement is not taken the terms into account. That's what I meant with, "it should be placed in perspective.".

Vod

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Licking my boob since 1970

Quote from: BitcoinLeader on September 24, 2013, 07:26:57 PM

Thanks. Now would you agree a 15% one time interest should not be compared to a 535% APR loan? I think it would not fit the right context and it should be placed in perspective. It makes it look like a huge interest blown out of it's proportions while it's not.

Well, a 15% per month loan IS 535% APR, but if it is only loaned once, then comparing it a year is irrelevant.

BitcoinLeader

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Activity: 84

Merit: 10

Quote from: Vod on September 24, 2013, 03:24:22 PM

Quote from: BitcoinLeader on September 24, 2013, 02:54:20 PM

Also Vod, could you explain how you get the 500% APR? I couldn't get to it. I was doing 30^6 or 15^12.

Sure.

1.15 (15%) ^ 12 = 5.35 (535%)
1.3 (30%) ^ 6 = 4.82 (482%)

Thanks. Now would you agree a 15% one time interest should not be compared to a 535% APR loan? I think it would not fit the right context and it should be placed in perspective. It makes it look like a huge interest blown out of it's proportions while it's not.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: BitcoinLeader on September 24, 2013, 02:54:20 PM

Also Vod, could you explain how you get the 500% APR? I couldn't get to it. I was doing 30^6 or 15^12.

Sure.

1.15 (15%) ^ 12 = 5.35 (535%)
1.3 (30%) ^ 6 = 4.82 (482%)

BitcoinLeader

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Activity: 84

Merit: 10

Quote from: Vod on September 23, 2013, 12:25:50 AM

Quote from: BitcoinLeader on September 22, 2013, 10:16:23 PM

Becareful what you are offering. The last time I offered 30% interest per 2 months I was accused of being a scammer because it recalculates to a 500% APR.

Just my two bitcoin cents.

500% APR is unsustainable.

I agree, I would never actually pay a full year of interest. I would loan max. 2 months for 30% one time interest payment.

If 30% per 2 months recalculates to ~500% APR there's still difference between someone paying a one-time $300 interest over $1000 for a loan or 6 times (compounding) interest in a year.

A one time interest payment would be sustainble, 6 or 12 times would be unsustainable.

Also Vod, could you explain how you get the 500% APR? I couldn't get to it. I was doing 30^6 or 15^12.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: BitcoinLeader on September 22, 2013, 10:16:23 PM

Becareful what you are offering. The last time I offered 30% interest per 2 months I was accused of being a scammer because it recalculates to a 500% APR.

Just my two bitcoin cents.

500% APR is unsustainable.

BitcoinLeader

member

Activity: 84

Merit: 10

Becareful what you are offering. The last time I offered 30% interest per 2 months I was accused of being a scammer because it recalculates to a 500% APR.

Just my two bitcoin cents.

balanghai

sr. member

Activity: 364

Merit: 253

Quote from: Kouye on September 22, 2013, 06:49:22 PM

Receive my LOL too, as a bonus.
LOL.

This made my day! Haha but seriously he is a good payer.

Kouye

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Cuddling, censored, unicorn-shaped troll.

Receive my LOL too, as a bonus.
LOL.

jasonslow

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

I would do this possibly either of 2 ways

1. No Collateral at 33%
2. Alt coins XRP at current value of BTC at 20%

jasonslow - chose option 1 which is no collateral at 33%

https://blockchain.info/address/1LhK3UXb3uruMUq4rq4HPJAmUAo8hbqcv6

Payment is due 2 weeks from today on 9-23-13 at 9:00 PM EST

** Note if someone is willing to send him for less collateral - jasonslow for next 24 hours just return 0.3 at no interest**

Recieved thanks!

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: jasonslow on September 09, 2013, 07:41:57 PM

Need .3 btc loan 20% interest in 2 weeks
Purpose: to buy some domains
Reason: no access to my wallet right now.

Why do you not have access to your wallet right now? Give some more info.

jasonslow

hero member

Activity: 574

Merit: 500

Need .3 btc loan 20% interest in 2 weeks
Purpose: to buy some domains
Reason: no access to my wallet right now.

Topic: [Paid] Need .3 btc loan 20% interest in 2 weeks (Read 972 times)