Antonioz (OP)
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March 11, 2016, 05:45:02 PM |
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hello, I noticed that in a few exchanges there is the option to lend btc and earn an interest, for example I can lend a btc for margin trading and make 0.2% a day, is this safe or do I risk to lose btc if something goes wrong? (besides the exchange possibly failing or being hacked I mean), do some of you do it and what are your experiences? thanks
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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greBit
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March 11, 2016, 06:23:03 PM |
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hello, I noticed that in a few exchanges there is the option to lend btc and earn an interest, for example I can lend a btc for margin trading and make 0.2% a day, is this safe or do I risk to lose btc if something goes wrong? (besides the exchange possibly failing or being hacked I mean), do some of you do it and what are your experiences? thanks
My personal advice is to not lend BTC. As its more chance that it can be hacked. I have seen my friend who lost his money by lending. but there are many ways where you can earn more but this lending wont be the best possible way.
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Patatas
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March 11, 2016, 08:32:24 PM |
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That depends on the website you're risking your money with.Such services are offered by peer to peer loan based providers such as getline/btcjam etc .You will not be risking any money but interest rates might occur slow as a snail to some people.If you really want to invest on something better,try other trading strategies,though this involves risks it works out in the long run.
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The Sceptical Chymist
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March 11, 2016, 09:16:44 PM |
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This is interesting--with normal brokerages (stocks), it's kind of normal business-as-usual to trade on margin. In the land of bitcoin, I would be extremely careful. You know the history of these exchanges. I can see if bitcoin shot up in value some of them claiming they got "hacked", etc.
You might try it with a small amount, but I'd probably stay away. Margin trading for those who are borrowing can be dangerous.
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HeroCat
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March 12, 2016, 02:35:41 PM |
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If you are almost sure for 110%, that you will win, you can lend. But all Forex market is more or less risky.
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watashi-kokoto
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March 12, 2016, 05:42:13 PM |
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thanks
If you believe that storing coins or cash on exchanges is OK and safe, then do it
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Antonioz (OP)
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March 12, 2016, 05:52:13 PM |
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as I said in my question, I asked if it's safe besides the possibility of exchange going bankrupt or being hacked, that's not what I was asking, I was asking if it's safe meaning if BESIDES this usual risks of storing my coins in an exchange I don't risk of loosing btc, anyway, it sounds like it's not the best thing to do so I might just avoid it thanks for all your answers
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Amph
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March 13, 2016, 07:05:42 AM |
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what exchange is this btw? if it is a big exchange like kraken or akin, i may try with 1 btc first, if it is a small exchange for altcoin only then i would avoid it
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gilangIDR
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March 13, 2016, 07:30:56 AM |
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if you have a credible and reliable exchange should the price difference will not be too far away.
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