I have 1.5 BTC in poloniex waiting for LTC to dip, but I was considering trying out the loans shit.
How does this work? Give me a % and amount of days to try.
>>2041275
Dawg as soon as you "loan" out some coin you'll never see it back. Don't get duped by some faggot on here.
>>2041340
I've loaned out coins so many times on polo, the percentage is shit but I always get my coin and interest back. Go for the highest interest rate coin at the time, right now that's STR, but I'd avoid that cuz it'll drop in price once it hits ten cents and you don't wanna be forced into a play where you're holding shit
>>2041340
You dont lose coins dumbass, its all automated.
I just want to know how it works. I dont want to have my coins locked for 60 days in a mistake.
>>2041761
Set your percentage to just below the lowest percentage rate and have the loan at 2 days, I turn off auto renewal, this other fag doesn't want you to loan out your coins so he can charge higher interest on his
I watched a youtube video where some faggot had 8BTC out on loan at 0.333% on polio. He calculated that he was making only like 5usd a day.
>>2041761
people rarely lend for the full 60 days, especially at the current rates.
you can also just lend out for 2 days.
generally it's shit though if you actually want to increase the stash of a coin. but if you just want to hold and not sell anytime soon, why not keep a couple in lending.
It forces you to hold if you have weak hands also
>>2041275
How to win money over LTC dip:
1) You short LTC, using LTC itself as collateral
2) The market says "fuck you" and LTC grows by 40% over 2 days
3) Get margin called, lose everything
4) Post on 4chan about your LTC long and how now you're rich
>>2041824
kek
Lending is shit. You make your own funds unavailable (can't do shit when btc goes down), pay 15% fee and can lose part of your loan if one or more alts take sharp nose dive.
It's not 100% safe as some regards claim
>>2042073
*retards
>>2041275
Throw everything in GNT. I'm serious.