So retards are still taking loans for insane rates. easily over 100% interest APR with compounding EVEN ON AN ASSET THAT IS INCREASING IN USD VALUE AHAHAHAHA. Tried out poloniexlendingbot and it seems to be working. Seriously if youre trading right now and not lending youre an idiot.
What happens if they just don't pay it back?
>>2013505
I took your loan and made 2btc in 2 weeks at a cost of 0.017btc in loans
Last night i took out loan and made another 0.7 btc at a cost of 0.007btc in fees
So i used your btc to make 2.7btc in 2 weeks and gave you 0.024 btc for the privilege.
Who's the idiot?
>>2013552
its gradually paid back automatically as positions are held open. they cant avoid paying.
>>2013563
>made 2btc
>provides no reason
Maybe you got lucky once or twice, but one can make a guaranteed capital that fast forever. Otherwise we would all be driving lambos.
>>2013563
wow man congrats sure showed me! youre a trading pro! keep it up with gains like that I bet you will be profitable on longer timeframes. This rally is just getting started so feel free to hold positions as long as you like!
>>2013563
The idiot is who lost that money for you. Lender has a 0.01% risk reward and you high
>>2013505
Are those 0.2+ lands 30 days?
>>2013589
loans*
>>2013569
so what if a pajeet or jerome makes an acc, puts it in like 5x margin (idk what's possible on poloniex) and just runs when they get margin called and collect their easy money when it moons?
>>2013642
>just runs when they get margin called and collect their easy money when it moons?
not sure what you mean here. a margin call means all the funds in their account are automatically taken by poloniex and liquidated to pay the lenders. If they were liquidated they dont have any money to collect if it moons afterwards. max leverage is 2.5x so that its almost impossible to default. havent heard of any instance where that has happened.
How do I do this
I have to say im kinda annoyed with those high lending rates.
Now flooded with piss poor rates thanks to OP opening his mouth
AHAHAHAHAHAHAHA
OP HERE I CANT STOP LAUGHING OH MY GOD IM CRYING AHAHAHAHAHAHAHA
Maybe I'm missing something here but how does 100% APR = ~0.2% APR? Do the borrowers pay upfront per borrowed amount?