When we invest in Prosper and Lending Club loans, we are lending overwhelmingly to individuals usually for Debt Consolidation purposes. On the Bitcoin based loan platforms, my loans are mostly to businesses. It’s actually a sizable peer to small business lending environment but it just so happens that these businesses are BTC based businesses and … Read more BitFinControls: Financial and Operational Controls for Bitcoin businesses
Today I’m continuing my Subscriber Questions Answered segment and going international. Today’s question is from Johnny, one of my Canadian subscribers, eh? Johnny has a great question. I LOVE answering questions from my subscribers so please feel free to comment here or email me any questions you have. Today’s Question from Johnny: Why haven’t any of … Read more Subscriber Question Answered: Does This P2P Example Work Around SEC requirements?
Bitfinex, short for Bitcoin Financial Exchange, is a Hong Kong based trading exchange allowing for the purchase and sale of Bitcoin, Litecoin, Darkcoin and now Terahertz (THS) of cloud based mining power. What Bitfinex is used for most often by most traders is leveraged Bitcoin trading, meaning they can borrow USD or BTC and use … Read more Why I Lend On Bitfinex
In my last post, I looked at loan duration for USD based peer to peer lenders. Since I lend in BTC as well, I thought I’d do the same exercise for my Bitcoin loans and other BTC lenders. Duration, which is the sensitivity of a bond or loan portfolio to interest rates, and the related … Read more Bitcoin Lenders: What Is Your Loan Duration? Should You Care?
In US Dollar based p2p lending, our primary concern is tracking Interest Earned. We track this through ROI or IRR or one of the other generally accepted methods for calculating Interest. We also track gains or losses on the sale of a loan if we sell our portion of a loan on the secondary market … Read more The Guide to Tracking Bitcoin p2p loans for US citizens
In one of my previous posts on Bitcoin lending, I talked about the biggest site for BTC based peer to peer lending, BTCJAM and how it works. Ryan from Peer and Social Lending (another good p2p lending blogger) also recently posted about lending on BTCJAM with a nominal amount of cash. It is in fact … Read more BitLending Club: Where the Players in Bitcoin Lend and Borrow
The US Gov’t has decided that Bitcoin (BTC) is to be taxed like property so upon its sale we recognize the capital gains and losses. This means BTC gets the exact same tax treatment as stocks and real estate. There are some serious implications for BTC investors/lenders as a result of this ruling, but you … Read more Peer Lending Benefits of Bitcoin Taxed Like Property
Peer lending and crowdfunding are making their way into the Bitcoin ecosystem/economy and people are starting to take notice. I have gotten to know alot of great people in the Bitcoin (BTC) ecosystem so far including England’s own Jamie Cressey, despite the fact he’s not an Arsenal fan like I am. Jamie is the creator … Read more Coinsortium: Crowdfunding Equity the Bitcoin Way
June has come and gone. As you have seen and heard, I have taken on a new category of loans this month, Bitcoin. I have new loans based in Bitcoin and to be repaid to me in Bitcoin. Going forward, I will convert all my BTC loan stats into US Dollars based on the price … Read more Stu’s Monthly Portfolio Report: June 2014