Post
Topic
Board Lending
Re: 1-2 BTC 2 Week Loan needed to keep up with demand - 25% Interest rate
by
applesauce92
on 30/09/2014, 19:28:34 UTC
You obviously have the cash, and you're not new to making the exchanges. So what's so hard about using some of that cash to go buy some btc rather than asking for a loan with a higher interest than the premium for buying quick btc? Many people on this forum can easily fill a request of 2btc exchange.

The issue was never the cash - it was that all my methods of acquisition were fully tapped until this morning - still waiting on coinbase. And honestly I had no worried about the interest rate, I make fair margins and I knew that the price would bounce back. 25% interest on an emergency loan isn't that bad. That was my max to break even - and that was my goal, to not turn away customers. Sadly I did, and may have to again, but am in a much better spot.