redpill me on bitcoin lending is this safe?

Yes, polo’s system ensures you’re guaranteed to get your BTC + interest back.

Actually it has insane returns compared to normal interest rates; that’s what you get for having to hold a volatile asset like BTC throughout it.

>>2961976
ps: Note that polo takes a 25% on that interest lol.

>>2961966
>>2961976
it just sounds too good to be true
I'm used to get like 6% interest per year; some guys are willing to pay me 2% every TWO DAYS
like, what the fuck?

>>2961998
The point is that if BTC falls 2% during these two days (which is not entirely unlikely) you’ve gained basically "nothing"; or if some alt goes up 2% in the meantime -- same thing.

Of course you save yourself the trading hassle.

By the way research poloniexlendingbot, it's a python script you can keep running so that you don’t have to put up lending offers yourself. (It adjusts to current market rates automatically, unlike the polo feature to keep re-offering the loan.)

File: 1500061454486.jpg (36KB, 265x299px) Image search: [Google]

36KB, 265x299px

Very dangerous, its been hacked before and it will happen again. Stay away from this scam, people just more people to pile money in so they can margin trade for cheaper, do your research

already made 100 satoshis! wahoo!

>>2962024
yeah, I quickly found out snatching them 2%/day loan demands is basically impossible

>>2961998
the main issue is that you will not get 2%
2% is the default you choose when you margin, but it auto picks the cheapest % for you
so it'd be around 0.02% right now

couple days ago before the hardfork we got insane daily rates though, 2% up to fucking 15% a DAY
absolute retards margin longing then

>>2961986
It's 15%