Post
Topic
Board Lending
Re: newbie question regarding loan
by
Vod
on 29/04/2018, 19:11:31 UTC
I am asking because if for example I toke an loan of 0.1 BTC that worth 1000USD and I said i will repay next month and the next month 0.1 BTC worth 1500 USD
so how much i need to return still the 0.1 BTC or 1000 USD?

If you take out the loan in BTC, you need to return the same amount of BTC.

A famous account called dank once got burned by this.  He was taking out small loans and repaying them, but the last time he tried the price skyrocketed and he couldn't pay back.