Whats been going on with BTC? Where does the future stand!

hilariousandco

global moderator

Activity: 4018

Merit: 2728

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Quote from: Trance on February 12, 2014, 05:50:06 AM

Quote from: keithers on February 12, 2014, 12:36:01 AM

Quote from: Trance on February 12, 2014, 12:22:22 AM

Should I ride this wave out Huh

I was loaned BTC right before the crash and I feel horrible that the person will be getting back much less after this bump in the road..

QQ

Wow trouble, much difficulty.

That doesn't make sense? Are you paying him back in USD for the amount that you borrowed in BTC? That is the only way that he would get paid back less...

That makes complete sense, I used the BTC for gyft cards and now only have to payback half of the cash/crypto/tender/STUFF i basically used~

Because he's getting the same amount of BTC as he lent you back (or maybe even more). 1BTC is still 1BTC. The price will probably rise to much more in in the future, would you then feel bad or out of pocket if/when it does?

MrThomas

newbie

Activity: 6

Merit: 0

so you are repaying a cash value, not the number of btc you borrowed?

why not just pay him back in Btc - matching what was lent,
or repay him the value of what the Btc was when you borrowed them - not really fair but guilt free and what you expected to pay

Trance

hero member

Activity: 551

Merit: 500

Quote from: keithers on February 12, 2014, 12:36:01 AM

Quote from: Trance on February 12, 2014, 12:22:22 AM

Should I ride this wave out Huh

I was loaned BTC right before the crash and I feel horrible that the person will be getting back much less after this bump in the road..

QQ

Wow trouble, much difficulty.

That doesn't make sense? Are you paying him back in USD for the amount that you borrowed in BTC? That is the only way that he would get paid back less...

That makes complete sense, I used the BTC for gyft cards and now only have to payback half of the cash/crypto/tender/STUFF i basically used~

Trance

hero member

Activity: 551

Merit: 500

Quote from: grifferz on February 12, 2014, 12:24:19 AM

Why will they be getting back less? Surely if you were loaned X amount of BTC then you give back X amount of BTC? That way any change in value with respect to fiat is the same as that which the lender would have experienced had they not loaned you the BTC.

X amount of BTC at the time was worth substantially more.

so now it will be cheaper for me to repay the debt!

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: Trance on February 12, 2014, 12:22:22 AM

Should I ride this wave out Huh

I was loaned BTC right before the crash and I feel horrible that the person will be getting back much less after this bump in the road..

QQ

Wow trouble, much difficulty.

That doesn't make sense? Are you paying him back in USD for the amount that you borrowed in BTC? That is the only way that he would get paid back less...

grifferz

full member

Activity: 154

Merit: 100

Why will they be getting back less? Surely if you were loaned X amount of BTC then you give back X amount of BTC? That way any change in value with respect to fiat is the same as that which the lender would have experienced had they not loaned you the BTC.

Trance

hero member

Activity: 551

Merit: 500

Should I ride this wave out Huh

I was loaned BTC right before the crash and I feel horrible that the person will be getting back much less after this bump in the road..

QQ

Wow trouble, much difficulty.

Topic: Whats been going on with BTC? Where does the future stand! (Read 773 times)