RE: Bitbond.com - lending for cryptoheads.

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Bitbond.com - lending for cryptoheads.

in enterprise •  7 years ago 

What if one borrows $1000 when bitcoin is at $1000 and then has to pay back the loan a year later when BTC is at $4000?

I believe he have to pay in dollars but I am not sure. It would be better for loan taker than borrower in this situation.

enterprise
7 years ago by

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      ·  7 years ago 

    If the borrower pays back in dollars then the lender loses out on the gain in BTC value...

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        ·  7 years ago 

      That's true.

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          ·  7 years ago 

        Ouila, there you have the federal reserve system lol

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