With compounding, this is risk free 80% APR lending to third worlders who cant get a loan any other way
If youre actually paying these rates going long, youre fucking retarded.
how is it risk free??
>>2009805
They are a US exchange
>>2009819
>POLONIEX
im looking at it now, how do these rates work? they're like less than a percent? like 0.16 etc? how is that profitable
>>2009801
I'm tempted to but all my BTC on there and lend it out but I don't trust any exchanges that much.
>>2009827
Thats the DAILY rate, more than the usual savings account yearly rate
>>2009827
per day
>>2009827
its only profitable for big players and whales with hundreds if not thousands of bitcoins
>>2009827
If you can't handle irl loans these types will fuck your world up senpai
>>2009841
this doesnt make sense
There is risk that bitcoin will drop more than 10% in the time you have loaned out your money. Its probably too volatile.
>>2009841
Does 100 BTC make you a 'big player' these days?
How are you guys making a living trading with less than that?
>>2009983
$10,000- $20,000 account
scalping 1-3% gains all day
Anyone else?
Fees are a bitch though.. anyone know the best site for low fees?
being a jew this way never felt better t.jew from yesterdays thread
>>2009969
that wouldn't be a problem unless you are loaning borrowed money...
wait . are you people doing that?
>>2009801
Thanks man
>>2009969
in the long run you are still winning
in general my philosophy is that there are always people pushing their limit every month or two when a new coin is being shilled you profit ether way because you have coins that those fuckers need to short or buy shortterm
You are the real winner in the long run if you know how to play the time game
https://comfycrypto.wordpress.com/2017/04/30/lending-on-poloniex-manual-vs-bot/
>witness the jew
>act like the jew
>become the jew
>>2010238
10% fee per trade. too much
>>2010276
it's 5% for 100 btc, 7% for 50 btc
but it's probably worth it to learn how to make your own bot
>>2010308
you are paying 5 bitcoins per trade because you are too lazy to leanr how to make your own bot
you're god damn right its worth it to leanr how to do it
>>2009969
Because it's volatile and the big banks aren't sitting on it's interesting to trade, but also because of that you don't want to get involved? It's a new market, you're asking for risk on top of risk. The only reason people are in it is because they know the utility is there, so of course if you depend upon it for stable gains you're mad.
>>2009801
You do know that your loan will not always get consumed, right?
I've been doing this for a long time, 80% is a wishful thinking. The reality is 30-40% APR. But that still much better than any other form of 'secure' investment.
Lending rates just jumped to over 1%
Thats complete madness
>>2010427
Not seeing it
>>2010637
hes retarded
he thinkgs 0.1% = 1%
>>2010664
>>2010637
nope
>>2010427
is right, some madman actually did it
>>2009969
does that matter? aren't you loaning bitcoins that you'd be holding long term anyway? isn't it better to lend them out and make extra fractions of a % instead of just keeping them and getting no increase?
>>2010670
feel pretty dumb now since i preejaculated
at least i profited with that 2 month long loan right? who knows how long will the ride last
>>2010427
you can keep the loaning rate down by screeming about it in chat, people are pretty happy scalping the rates a few folds
this is insane, this is way profitable than just trading
keep participating in coinshill thread GOY
t.cryptocurrency jew
>>2010352
wait, this is legit? it's like runescape bots? what does this bot do?
>>2010730
it analyzes trends live on poloniex and tries to min/max the highest rate on your data using predictive models of the most coins you have
it takes 10% of the profit as comition of using the bot
>>2010670
how do you see previous who bought what loan at what rate?
is this you?
>>2010739
What are the conditions/models?
>>2010352
5 bitcoin per trade? wut
it's .05 btc for ever 1 btc you make in loans
you make .95/1
loan 100btc at .1% daily is .1 bitcoin
you take .095 and fee to the bot are .005
bot provides efficiency for the lazy
>>2010776
thats how they do it on wallstreet or in that big datacenter in jersey
it really is a million dollar question and a top secret, im guessing some obscure PhD math is needed
>>2010752
thats me
>>2010796
madness
So if someone opens a position using your funds and closes it before a day passes, you don't get anything?
>>2010923
You would get the same amount (per time).
For example if you lend out BTC for 0.2% a day and the position is closed after just 12 hours, you get 0.1%.
>>2011062
Thanks.
>>2011062
How do I take out loans? I don't see any option for it.