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Title: My friend keeps getting 4% interest at poloniex day after day Post by: pornluver on August 09, 2017, 06:52:55 AM He lend money with 4% interest before the fork for 30 days expecting the loan to be quickly repayed after the fork.
Every day he got 4% interests. Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: adriaymati58 on August 09, 2017, 07:27:50 AM What's the point of your post in the currency exchange?
Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: slaman29 on August 09, 2017, 07:33:13 AM Must be a desperate referral attempt. I just looked at Poloniex and there isn't even any loan offer for 0.5% per day. I have seen much higher, but usually this is just for small amounts, and anyway all the smallest offers fill that up.
Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: daburone on August 09, 2017, 08:41:33 AM Poloniex has like 1M users, don't expect every one of them to be expert traders. Some will forget about their positions, some accidently lock their accounts, others simple don't realise they can refinance their loans etc. I still have some high loans out. But I also have some crap ones out that are worth much less than the value of BCH. So it's all a game, the luck works both ways.
Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: pornluver on August 20, 2017, 02:53:08 AM Poloniex has like 1M users, don't expect every one of them to be expert traders. Some will forget about their positions, some accidently lock their accounts, others simple don't realise they can refinance their loans etc. I still have some high loans out. But I also have some crap ones out that are worth much less than the value of BCH. So it's all a game, the luck works both ways. I am just wondering why it happens. It's well, very good of course So the lender actually have the capability to refinance the loan right? And they have to do so manually and they forget. Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: Pearls Before Swine on August 20, 2017, 03:07:14 AM Who is your friend and why is it important that he made 4%? And yes, this
is in the wrong section. Don't think it's a referral attempt, but this thread is stupid as F. 4% isn't a great return, unless you mean 4% a day which is pretty good. Means nothing to us tho. Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: cpfreeplz on August 20, 2017, 03:11:30 AM Who is your friend and why is it important that he made 4%? And yes, this is in the wrong section. Don't think it's a referral attempt, but this thread is stupid as F. 4% isn't a great return, unless you mean 4% a day which is pretty good. Means nothing to us tho. He was saying 4% a day, which Polonex doesn't offer, so yes, this thread is stupid as F. Maybe he just means he trades and earns 4% on average? Idk. It's all nonsensical. Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: latosha on August 20, 2017, 03:17:12 AM Who is your friend and why is it important that he made 4%? And yes, this is in the wrong section. Don't think it's a referral attempt, but this thread is stupid as F. 4% isn't a great return, unless you mean 4% a day which is pretty good. Means nothing to us tho. He was saying 4% a day, which Polonex doesn't offer, so yes, this thread is stupid as F. Maybe he just means he trades and earns 4% on average? Idk. It's all nonsensical. Title: Re: My friend keeps getting 4% interest at poloniex day after day Post by: Quickseller on August 20, 2017, 05:08:37 AM Who is your friend and why is it important that he made 4%? And yes, this is in the wrong section. Don't think it's a referral attempt, but this thread is stupid as F. 4% isn't a great return, unless you mean 4% a day which is pretty good. Means nothing to us tho. He was saying 4% a day, which Polonex doesn't offer, so yes, this thread is stupid as F. Maybe he just means he trades and earns 4% on average? Idk. It's all nonsensical. Most of the loans were likely repaid shortly after the BCH fork, as interest rates fairly quickly fell to more normalized levels. The bitfinex lending book had somewhat similar issues although for different reasons, however their maximum interest rate for loans to be automatically taken out is 0.75% per day (borrowers can pay higher rates, however they will need to manually take out these loans). I currently have BTC loans outstanding at bitfinex totaling about 10% of the loans I had outstanding at the time of the Aug 1 fork with interest rates of just over 0.6% per day. A good 30-40% of the loans I had outstanding as of the Aug 1 fork remained outstanding for at least a week or so, all at nearly the maximum 0.75% per day. It is nice to get the well above market interest rates, although it would be nice to be able to convert my BTC back into USD considering the massive increase in price since the fork. |