Accepted.
New terms.
Loan amount : 0.5BTC
Repayment in 30 days. Max.
Interest : 0%
Loan pegged to USD. If Bitcoin price goes down, I will make a loss. If it goes up, you will have a loss.
Loan amount is USD: $137.69 (the price I just bought at bitfinex ~275.39)
Repayment amount : BTC equivalent to $137.69.
Please confirm
New terms.
Loan amount : 0.5BTC
Repayment in 30 days. Max.
Interest : 0%
Loan pegged to USD. If Bitcoin price goes down, I will make a loss. If it goes up, you will have a loss.
Loan amount is USD: $137.69 (the price I just bought at bitfinex ~275.39)
Repayment amount : BTC equivalent to $137.69.
Please confirm
Sir, you mean to say that whether the BTC price goes up or down, I will still need to repay BTC0.5 only?
I ain't getting this clarified, so can you please explain briefly? Sorry for this as I am confused... It would be great if you post it with an example...
No, you pay $137.69 worth of BTC.
Example: if price is $1000, you pay 0.137BTC (or more if you like to
)Else, you won't be able to pay if price hits say $1000 or above.