Bitcoin Forum

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out.  :)

First of all, You must indicate above what project/investment you will use for this challenge because if it's just a ponzi investment site then a big NO for it. Having a fixed interest daily which in your OP 2% is very hard on crypto investment considering the volatility of the price. The only thing I know that gives a sure income daily is thru mining and besides that, All investment site that offers a daily fixed income is ponzi. I'm interested on what's your thought. You can reply me here a detailed explanation on what actually running on your mind regarding this topic.

Well the thing, I'm not using any ponzi investment site, its just an exchange. Attempting to trade to essentially profit 2% a day. It doesnt have to be exactly 2% a day, but can it should be my/yours average.

Detailed explanation:
Start with a capital of X amount of BTC, with the volatility in crypto and a little bit of technical analysis and a little bit of fundamental analysis (Dont need to be a expert in either or, just know basic). Knowing how to read order books, volume and simple indicators attempt to make around 2% daily on your initial investment. Its more so a challenge, which is why I made a completely new Exchange account. In my eyes 2% can be made in bear market, in crypto, and obviously in a bull market. Let me know if I explained a little better. P.S. I SUCK AT WRITING DOWN THE IDEAS, AND EXPRESSING WHAT I HAVE IN MY HEAD :D

Let me know what you think, sorry I dont really know how to reply and what not.

so assuming the exchange is a well know one like Bittrex, Bitfinex, Poloniex etc. this is your own idea.
will your target of 2% per day mean you spend quite a lot of time on the exchange?

If the exchange is not one of the regular trading ones i suspect it would be a HYIP type site although they tend to give at least 3% per day.

Yes, I'm doing this on binance, but thought about moving to bittrex, might even do it on both. Its more so a challenge. Let me know if you are willing to do it with me. One can even start with $100 USD or .01 BTC and in 365 days you end up with $137,XXX USD or 13BTC. Let me know, maybe we can start a discord or telegram :D

Yes, I'm doing this on binance, but thought about moving to bittrex, might even do it on both. Its more so a challenge. Let me know if you are willing to do it with me. One can even start with $100 USD or .01 BTC and in 365 days you end up with $137,XXX USD or 13BTC. Let me know, maybe we can start a discord or telegram Cheesy

First do it, figure out what ever your theory works out or not. Then you can tell us about it :=)

These ideas are all very well and good in theory and you might find you can better 2% a day in the early days but when you get to be trading with 6 figures and especially nearing the end of your challenge when you have over $1m it will be so so difficult to make 2% a day. You will be a whale at that point and that changes things.

Not necessarily, if I do get to that point, I would put money into several coins that I see that will potentially give me the 2%ish return. Doesn't have to be all in 1 coin.

There is a saying "A little knowledge is a dangerous thing".
You may be about to find out why.


Why stop there? After three years you'll be up $2,613,292,844,427....

Are you speaking from experience?

Sorry to say this to you but that is a lot harder than you think, people see that low figure and think well the should be easy but if it was that easy then everyone will be a millionaire and that is not the case, in fact earning 5% to 10% per month is really difficult, when the market is pumping it may seems that is very easy but the market is doing all the work for you it is in the current conditions in which we find out who are the real traders and who are the people that just think that are traders.

Hello, I see where you are coming from, this is a very volatile market, like everyone knows. I've been making 1.5-3% consistently for around a week now. I do cut my losses and I pride myself in risk management. What I have been trying to improve is not getting greedy. This is a challenge that I am doing in a new portfolio which is why I am just taking 1-3% profits and cutting my losses fairly early. I have been stuck watching charts for about 12 hours a day, which is why I think I can/will accomplish this. It does sound to good to be true, although I do think its something that one can achieve. I would be more than glad to get into a call with anyone and see everyones side and opinions on this :D

With a little knowledge is a dangerous thing, I agree with you, I do have knowledge in both, I am not an expert but do know alot more than the basic so I'm not really worried about that. And on the in three years..... um there will obviously be losses so I dislike your sarcasm, and yes I am speaking from some experience.

We can see that the market in recent days is fluctuating continuously and extremely complex, bitcoin and altcoin prices have been steadily declining over the past few days, indicating that the market is in a hurry. It is very reasonable to get 2% of your profits each year. According to my analysis, bitcoin prices will continue to fall sharply in the coming days and will continue to fall to the $ 7100 mark.

2% yearly is obviously easy in crypto Sir, I am talking about 2%ish EVERY DAY. And please stay on topic nobody is asking for your analysis nor bitcoin price prediction.

^ Nice share sir. 2% target is very easy to achieve when trading crypto because of the volatility. How about losses? Do you create stop loss on your trades? what is your minimum percentage loss per day? 2% also?

It can change for alot of reasons. Since lately I have alot of free time on my hand, I can usually get 2% around 2-3 times a day, so depending on hoy im doing that day will vary how much the stop loss is. If you are interested let me know, maybe we can chat in a discord and help each other out and do weekly progress. You can start the challenge with $1000 and come out with $1m, even $100 and come out with $136k. Let me know :D.

^ I dont have discord and i dont know how to use that because im not a gamer.  :)

However you can make a group in telegram and show us here the link so that we can share ideas.

Here is a Telegram that I just made

https://t.me/joinchat/Ho5mpw-RUyIFE7JrFUdZow

get 2% daily but the coin price dump to 10% daily. another way to get it back is hold the coin for another day but, can you give a warranty that the program continue to long time??? just wanna make sure that investor get it back their money

Theres no program, its just you trading your money, trying to make 2%ish daily.

Even then you'll be placing huge orders. Towards the end you'll have over 1m. Even if you split that across 10 coins you'll be placing 100k orders, that's a big wall in almost all markets except for the few biggest such as bitcoin and ethereum.

I'm only speaking from experience, I never got close to $1m but even just going from about $100 to $10k doing the same but aiming for 3% I found that in the early days I could easily get closer to 10% but later it was a struggle for 3% a lot of times because orders are constantly under or overcut

Oh did you already do something similar to this?

First impression to  this one is still like a ponzi scheme. 2% daily on crypto or 30% per month is not an easy thing even traders do know that maintaining 2% gain on daily basis would really need to do well on trading.You mentioned about lending schemes which suppose that you are suggesting the same thing.If it does then ill pass on whats being offered here and i would rather choose up on trading myself or any other means of investment with my full control.Not to discourage but this is not advisable.

First of all you won't be able to earn 2% every day, market will crash from time to time and you will lose money.
Secondly, if you can earn 2% daily from trading, why would you limit yourself to only 1 year? Make that 2 years of compounding and earn 1 billion dollars...no...make that 3 years and make...1000 billions.
It is just...impossible.

Im not using a lending platform please read before you comment because you just sound stupid, its manual trading. Yes there will be losses. People like you piss me off, you dont read clearly and its something hypothetical. 2% a day in crypto is not hard at all if you know what you are doing, when the market is bearish I can understand its rather hard but its not impossible.

2% is plausible but maintaining it on daily basis will really so unsure.I will ask you this.What if you wont able to get 2% on particular day? Will you decide to get 4% in next day and so on.This is very an unpredictable market and seem like you are very sure that you can able to make 2% on this very unpredictable market.Even myself as a trader cant be so sure if i do able to make or guaranteed % on daily basis. You might even earn even more or lose even more.

And where did I say you are using lending platform?
I said trading! Read my post again! It seems that you are the one who can't read.
You know what piss me off? People who think that they have found scheme to get rich over night.
This doesn't sound like something hypothetical:
Don't bother replying I won't be able to read your post.

[/quote]
You know what piss me off? People who think that they have found scheme to get rich over night.

I will tell you one thing straight,there is no short cut to success and there is no easy money,you have to check out the news regarding fake sites targeting new users that promises high returns but run away with your small amount of money ,do not fall for that and there is always warning regarding any ponzi schemes and people still fall for it,the greed is too much,if you want to purchase a coin,do that and hold in your own wallet rather than risking your money.

I will tell you one thing straight,there is no short cut to success and there is no easy money,you have to check out the news regarding fake sites targeting new users that promises high returns but run away with your small amount of money ,do not fall for that and there is always warning regarding any ponzi schemes and people still fall for it,the greed is too much,if you want to purchase a coin,do that and hold in your own wallet rather than risking your money.
[/quote]

I will repeat myself, before you comment please read properly. I said I'm not using any websites, except an exchange to trade on, doing it myself. No lending programs, they are all scams. PLEASE READ CAREFULLY BEFORE COMMENTING ON OTHERS POSTS.

Any website offering that rate of interest per day is either a straight scam, or a ponzi scheme. Just like all of those BTC doubling websites that used to plague the forum, you might get paid out in the early days, but once new users stop flowing in the owner will simply run off with everyone's cash. Websites that force you to lock your cash in for a long period of time are the worst type, as they will steal everybodys money before anybody has received any interest.

AGAIN PLESAE READ CLEARLY BEFORE COMMENTING, NOBODY IS USING ANY OF THOSE WEBSITES.

Ok, so if it's not hypothetical, then why bother post this? Compound interest we learnt in school.

The reasons you are getting negative and even mildly sarcastic replies from older members are two fold:

1)We already trade, some of us with considerably more experience of markets and analysis tools that you agree that you don't have. We know how difficult it is to make regular, yearly profits.
2) You mention some sort of relationship with others in this venture. If this is just comparing trades and views on Telegram or where ever, then fine. But if this is going to involve anyone giving you money to trade with, then you would be treated as just another scammer making impossible promises to get 'investment'. We see these all the time.

Go ahead, give it a go with your own money and good luck.

I agree with his post.
when you have big amount of money, it will be harder reaching targeted return % rate
the money you put in a single market must be proportionally low amount compared to market cap to make it work
because if you trade with big amount, you will build a thick wall that gets under or overcut
if you do it at market price, it will look like a dump or pump, and will hurt your profit % rate

I completely agree with what you are saying, that is when this challenge will become more difficult. As of now its something fairly easy.

Lending on exchanges varies its interest depending on loan demand and supply.. most of the time, the loan supply is always greater than loan demand resulting to a lower daily interest. Example, the average interest in poloniex ( last year when i'm active trading on that platform) was <.1%.

It wasn't as a challenge, just that was my own goal and in the end it probably did take me about the time I expected but that was greatly helped by the big pump in December. After that the value has now fallen back below my 10k goal from that $100.

I'll follow your progress and wish you success but I do feel that what I mentioned above will likely come true the further you get in to the challenge. Also do not forget that you won't have good days all the time and to stick to your principles in these times and make the best decisions even if they end up being losing decisions.

You are speaking hypothetical.
I am speaking from experience.

You are the one who sound stupid seeking for 2% daily profit.

Yeah, trust your compound calculator and come back in 3 years with 1000 billion dollars because it is super obtainable  ::)

If you can do it I'm glad for you there are not many people that can however while trading and gambling are different there some examples that we can use that apply to trading, for example in the short term a gambler may even earn money in a game in which he has a negative expected value that is because there are short term fluctuations in the games, and I have seen very weird things happening, however in the long run that person will lose money, I'm not saying that  is going to happen to you but one week of profits is simply not enough to prove you can do this long term.

I tried using this online compounding interest calculator (http://www.moneychimp.com/calculator/compound_interest_calculator.htm) to check if its really possible to hit $1 Million USD in 1 year fusing compounding interest, I didnt get the exact amount that you posted but the result is also more than a million. Interesting but I think if you set your goals to only 2% only you will not be able to achieve $1 Million USD because of the fees that you will pay for every transaction that you made that is if your source of that 2% is through trading.

This is good strategy, by compound it will make more faster to get big profit, but because the cryptocurrency market too high speculation will be much better trade on crypto paired with USDT so will be easy to calculate the profit. I also interesting to do it, and this is chalenge to make huge profit. Thanks for sharing.