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davidgdg (OP)
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July 27, 2014, 07:55:45 AM |
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BTC interest rates (for swap loans to short sellers) on Bitfinex are about 1.5% pa. But Huobi's same offering at their new Yubibao account is closer to 7% pa. Why the disparity ? http://www.coindesk.com/huobi-brings-margin-trading-interest-accounts-bitcoin-litecoin/ |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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deepestfear
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July 27, 2014, 08:04:16 AM |
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Demand and Supply at the risk of sounding dumb?
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Dalmar
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July 27, 2014, 08:16:16 AM |
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Huobi wants to lure in greedy fools before pulling a Gox on them.
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..DONATE.. |
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davidgdg (OP)
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July 27, 2014, 08:22:46 AM |
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Demand and Supply at the risk of sounding dumb?
But why would the demand for BTC loans by short sellers on Huobi be so much greater than on BFX? |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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davidgdg (OP)
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July 27, 2014, 08:27:04 AM |
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Huobi wants to lure in greedy fools before pulling a Gox on them.
Then why stop at 7% ? It's hardly an earth shattering return given the risks. |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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arbitrage001
Legendary
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Activity: 1067
Merit: 1000
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July 27, 2014, 08:55:58 AM |
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7% is rather low considering the risk.
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johnd7
Newbie
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Activity: 53
Merit: 0
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July 27, 2014, 09:17:11 AM |
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I would not put my BTCs someplace in hope of %7 pa. |
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thrax
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July 27, 2014, 11:51:57 PM |
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Is the 7% interest on your bitcoin, not it's fiat value?
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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July 28, 2014, 04:25:20 AM |
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Considering the fact that an exchange can pull a MtGox overnight and you might have to fight months or years to get anything back, 7% seems pretty cheap.
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Leina
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July 28, 2014, 04:29:35 AM |
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There is currently no reputable bitcoin bank/business which offer deposit facility to bitcoin user.
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davidgdg (OP)
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July 29, 2014, 05:37:49 PM |
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There is currently no reputable bitcoin bank/business which offer deposit facility to bitcoin user.
Deposit facilities are very different to lending facilities. |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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Benjig
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July 29, 2014, 08:24:51 PM |
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Huobi wants to lure in greedy fools before pulling a Gox on them.
Then why stop at 7% ? It's hardly an earth shattering return given the risks. A higher amount would sound too fishy, more than 7% is. |
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bittown
Member
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Activity: 64
Merit: 10
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July 30, 2014, 06:21:27 AM |
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I learned to don't trust anyone, I would not send my coins to Huobi and hope it won't close.
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