Post
Topic
Board Lending
Re: Australian Company Lends up to 500K from 1.5% per month. WORLDWIDE
by
ZoomDice
on 24/03/2018, 19:40:26 UTC
its not make sense offering
people have 100% in wallet and give it for collateral to get 60% its so funny.
i had 1 btc giving to lender and i get 0.6 btc back Huh? kinda i donate 0.4 btc to lender


Let me explain, for example you have 1 btc in your account and you want to sell it but bitcoin price is very low 8.5k USD now. If you sell your 1 btc at this rate that's fine instead of 60% you got 100%, but if after few days btc price goes upto 25k USD then you will regret cause price increased by 300%. If you want your 1 BTC back you will have to spend 25k USD + Fee now.

If you take a loan from them, you will get 5.1k USD from them instead of 8.5k USD, but if bitcoin price get to 25k USD you can still give them 5.1k+Interest and get you btc back.


And about Trusting them, I noticed a topic in stake forum by Edward (Owner of Primedice & Stake), He recommended their service in that topic. As, primedice and stake both are running with very good reputation in market for a very long time, i think it have some value. Here is the link: https://forum.stake.com/topic/6754-large-loans-available-collateral-needed/