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How can I protect myself from bitcoin volatility? (ref. currency)

Last Updated: Feb 01, 2016 05:18PM PST
Here at BTCjam we offer linked-loans which use reference currencies. Referenced currency means that you are effectively taking out a Bitcoin loan that is to be repaid in the amount borrowed as a local currency (plus interest)

If the price of 1 BTC is $1000 BRL and you borrow 10 BTC for 180 days, you will owe $10,000 BRL plus the interest, paid back over the 6 months, regardless of what the BTC price is. If the BTC price rises to $2,000 BRL right after you activate your listing, you will only owe the $10,000 BRL plus the interest. In this scenario you, as the borrower always owe the same amount of your local currency regardless of the price of bitcoin.
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