Re: [ANN][PRE-ICO] LoanBit - P2P lending & investment

I think LoanBit will work successful only at stable market. Changing rates are not good neither borrower nor loaner.

I do not think that an unstable market, either as it may, will affect the work of the project. In fact, the crypto currency will never be stable, it's not a dollar.

But how can effect changes in three months when BTC rates goes from $20K to $6.5K?

It doesn't matter, the amount is fixed at the time of signing the loan contract

Let's assume the loan is taken in Bitcoin, let's say its current price is $ 500. And after 2 weeks, when the loan needs to be returned, Bitcoin costs 200 dollars. It turns out that the lender loses all the profits, and the borrower on the contrary in the black.