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.

But lots of coinholders prefer to HODL anyway. They don't react to such short-term changes