WAIT.... is this for real...

>>2135701
they arent affiliated with poloniex so u could get niggered

>>2135718
If I manually did the loans on poloniex would the APY be that high?

>>2135701
the good rates are only available during hot periods like now, but in general you get good returns

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>>2135751
Well it certainly beats the fuck out of my 1% APY savings account. Anyone have experience with this?

>>2135701
bump. If this is legit FORGET day trading this is the guaranteed way to become a millionaire.

>>2135701
The APY only means shit if people actually hold the loan for a year. What you should really care about are how long loans are actually held, when the interest is calculated/compounded (if it is at all), and how the interest rates fluctuate over time.

>>2135877
They're mostly 2 day loans, the site just says their bot automates the loans and extrapolates an APY from that.

Anyone who isnt shit for brains is using the completely open-source, compact, therefore personal audit-able, lending bot.

https://github.com/BitBotFactory/poloniexlendingbot

I have 1.5 BTC in it and it already makes more money than a R9 390 miner and its sitting on a fucking raspberry pi.

>>2135950
That's fucking incredible. Should I do it with my 50 bitcoins? How risky is it?

>>2135983
How much do you trust Poloniex?

That is your answer.

>>2135950
Thats almost 4 grand.

You Could build an entire rig of 480s for 4 grand, which would probably make way more for you.

Or just buy 2 miners for that much, would also probably make way more cash.

ELI5

The thing with lending rates is they change drastically depending on altcoin volatility. Average APY is usually about 30% and yes manual lend because you already pay 15% lending fees to polo.

Your best bet is to wait until rates get to .3% or higher and then set the loan for like 10 days.

Although there is an advantage to shorter loans because then you can compound the interest you make.

>>2136021
There are people who cannot have or want a mining rig.

>>2135950
Having a look at this bot.
Thanks friendly anon.

Anything else there is to know that is not instant obvious?

>>2135908
they're mostly loans for whatever length the dude that borrowed them is margin trading for

>>2135950
how do i make that on a raspberry pi ? do you use poloniex only ?

>>2136061
While you can lend out many coins, there are not too many that even amount to something like 1% APR.

For the two months I am lending I never ever had XMR being lend out.

>>2136083
You need some Linux Skills to work it out, I am too lazy to make a step to step guide desu.

>>2136121
first i dont believe in poloniex. But paying for the lendingbot must sucks

>>2135701

The catch is that you are fully giving up ownership of the coins to polo. When Kraken got DDOS'd a week ago one guy was lending 2000 ETH and lost it all in one day to the hack. Most people don't want to take that risk because the guys who run polo are shady to say the least, with bad support and a tendency to delay markets so they can stock up at low prices before a pump

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>>2135701
>500+% APR

>>2135701
The catch is, everyone on biz , not to mention millions of others worldwide, are apparently racking up unbelievable gains at this moment. And soon, when millions of ppl start trying to "cash out" all of their millions of dollars in virtual currency, and these sites like coinbase don't have enough money to pay people out, everything will collapse, everyone here on biz will lose their life savings , and become homeless, there will be mass suicides, and all of these CEO 's will go to jail for fraud

You get good returns but don't expect to get something crazy like 2% a day every day. When dogecoin cools down and people close their margin positions you'll see it come down.

>>2136271

>not enough money to pay people out

This has to be bait right? Nobody is this retarded, right?

The rate is usually a lot lower on less bullish days. Still beats a savings account BUT you have to entrust Polo with your BTC

>>2136292
>You get good returns but don't expect to get something crazy like 2% a day every day. When dogecoin cools down and people close their margin positions you'll see it come down.
>>2136359
>The rate is usually a lot lower on less bullish days.
These. Expect 20% APR on average and factor in possible declines of the coin itself.
I would never hold a significant chunk of my money in something like DOGE....

>>2136296
holy kek

>>2136271
The mental gymnastics nocoiners go through to cope with their bad decisions are impressive.

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>>2136380
>I would never hold a significant chunk of my money in something like DOGE....

Yeah I was more asking about BTC but kek.... I just looked at the lending rate again and it's 3678.343%

>>2136380
>I would never hold a significant chunk of my money in something like DOGE....
I would put a hell lot of money into DOGE when it's not at its high. This coin proved to be exceptionally stable, much more than most "professional" coins.

>>2136496
>I just looked at the lending rate again and it's 3678.343%
That's the price for holding DOGE during a bubble
Once you lend, you can't sell your DOGE for at least 2 days.

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You only get one of these images you fagits. Only the elite see these.

>>2136919
What am I even looking at?

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>>2136968
Daily BTC interest rates on Poloniex. This is the chart which should be on the loaning tab but isn't.

>>2137059
and how exactly do I capitalize on this information? be very thorough and detailed please

>>2137089
1) Print it out
2) Grind up some weed
3) Roll paper graph around ground weed
...
5) Rectally insert lit roll.

>>2137104
FINALLY some real advice around here, good on you anon

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>>2137144

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>>2137144
You can see how likely it is your loan offer will be filled at a given interest rate.

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Y'all only get one of these too. Kthxbye.

The APY for litecoin is like 2% now. This shitty fucking coin never fails to disappoint.

>>2136271

Then we'd have to make due with the bags and the vast adoption.

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Doge (usually) stable and transactions are super fast.

It's actually one of the best altcoins objectively.

>>2135701

I have used the poloniex lending bot with great success over the past month. I only loan BTC as these loans are for people who want to short or gain leveraged exposure to the underlying asset market.

I wouldn't loan anything except for BTC and/or ETH. For example STEEM was giving out crazy returns a month ago but if you had locked your holdings into a loan for 60 days an the price tanked you would be fucked. I think the risk is much higher for altcoins. If BTC goes down then probably crypto as a whole has failed (at this point in time) but I would bet that the likelihood of BTC disappearing is extremely low. If your altcoins are locked in a 60 day loan and are crashing to zero you're boned and cannot sell out. You will be left with sweet fuck all once the loans have expired.

>>2135718
Yeah, handing out access to a bot sounds like shit.

If there's even a 1% chance of this going under, not worth it at all.

>>2136271
>he thinks this sites have actual dollaroos stored up

I bet you think banks and the fed have piles of gold in every vault too?