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Author Topic: Taking Advantage of Poloniex exchange  (Read 2634 times)
Borgminer
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April 07, 2016, 09:59:27 AM
 #1

Now this is an exchange the offers you to lend your coin on an exchange platform for trading . Rates are pretty low interest.  Nothing is a guarantee so I will give it a 90 percent success chance.

1. Transfer Btc or any other coin thats on the Lending portion .   

2. set lending to every 2 days only(auto renew) . rate at .05  percent a day .   simple interest would be 1.5 percent a month .

3. Every 2 days login back to you account . and the profits will be added to your account with the other coins sent back out to be lent .

4. lend your profits out at same rate Smiley
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April 07, 2016, 10:01:16 AM
 #2

Now this is an exchange the offers you to lend your coin on an exchange platform for trading . Rates are pretty low interest.  Nothing is a guarantee so I will give it a 90 percent success chance.

1. Transfer Btc or any other coin thats on the Lending portion .   

2. set lending to every 2 days only(auto renew) . rate at .05  percent a day .   simple interest would be 1.5 percent a month .

3. Every 2 days login back to you account . and the profits will be added to your account with the other coins sent back out to be lent .

4. lend your profits out at same rate Smiley


Isn't there a risk of loan defaulters? If you only get .05%/day, a single defaulter might kill months of profit???
Just curious, i haven't checked the system myself (yet)

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April 07, 2016, 10:47:38 AM
 #3

the coins dont leave the exchange .
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April 08, 2016, 02:49:19 AM
 #4

This might be profitable since the coin don't leave the exchange but what happens if the price of the coin drops?

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April 08, 2016, 02:55:38 AM
 #5

Now this is an exchange the offers you to lend your coin on an exchange platform for trading . Rates are pretty low interest.  Nothing is a guarantee so I will give it a 90 percent success chance.

1. Transfer Btc or any other coin thats on the Lending portion .   

2. set lending to every 2 days only(auto renew) . rate at .05  percent a day .   simple interest would be 1.5 percent a month .

3. Every 2 days login back to you account . and the profits will be added to your account with the other coins sent back out to be lent .

4. lend your profits out at same rate Smiley


Are you talking about this
https://poloniex.com/lending#BTC

Currently, I can see only 2 loan demands (with 1 of them at a negligible 0.3 BTC).
On the other hand, there are a lot of loan offerings, totaling to 4620 BTC.
Seems to be a massive imbalance.
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April 08, 2016, 03:07:26 AM
 #6

The default margin fee is set well above the low loan offers, at 2% iirc..

The loan demands that you see are people trying to margin trade on the cheap, they are semi-rare..

99.999% of all loans taken are at market, as in they just take whatever is on the loan offer side as the default is set higher than that. Their loans also auto-renew at market and come right off the offer side. You can pretty much just ignore the demands side..

If you put your BTC on the bottom of the loan offer side it will usually be filled within a minute, almost instantly.

I use it all the time.. ALL the time..

There are even tricks you can do with your orders to earn a few extra satoshis that you wouldn't otherwise..

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April 08, 2016, 03:14:18 AM
 #7

I was also thinking this is already dead or not profitable because supply outweighed the demand but eddie13 reply might make me to give try.
Can you share the trick you are talking about?

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April 08, 2016, 03:15:50 AM
 #8

Sure... For .25 BTC

jk...

Gimme a min n I'll write it up..

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April 08, 2016, 03:31:18 AM
 #9

Mkay.. This is how it works...

Loans don't always stick in for the full period (min 2 day). Often they pop in and out from people doing quick trades and the polo bot that does the loanin business..

Every time a loan pops out it has to give you atleast 1 satoshi, then sometimes it skipps a few to account for the 15% fee I believe..

So what you want is as many of the smallest loans you can give so you have more chances for them popping in and out..

The min loan is .001btc and if you have more than 1 loan of the same % such as 0.0750% and they are out at the same time they will add together and that is no good..

What ya wanna do is put in a F tun of min loan orders all on different %s... Like this..

.001 @ .0750
.001 @ .0749
.001 @ .0748
.001 @ .0747
.001 @ .0746

But like 200+ of em..

And when the site is really busy during peak trading hours you can get them popping in and out so fast, and a bunch of them at the same time that you make a bunch of extra satoshis!!

It will make your loan earnings history look like this..

Show   From All Dates 
Market   Type   Category   Price/Share   Amount   Fee   Total   Transaction Date
BTC   -   Lending Earning   0.1317%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:37
BTC   -   Lending Earning   0.1320%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:37
BTC   -   Lending Earning   0.1326%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:37
BTC   -   Lending Earning   0.1327%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:37
BTC   -   Lending Earning   0.1307%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1308%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1309%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1310%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1311%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1312%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1313%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1317%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1320%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1326%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1327%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:20
BTC   -   Lending Earning   0.1307%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1308%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1309%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1310%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1311%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1312%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1313%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1317%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1320%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1326%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1327%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:18
BTC   -   Lending Earning   0.1307%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1308%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1309%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1310%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1311%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1312%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1313%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1317%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1320%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1326%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1327%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:08:01
BTC   -   Lending Earning   0.1307%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1308%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1309%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1310%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1311%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1312%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1313%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1317%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1320%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1326%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1327%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:51
BTC   -   Lending Earning   0.1307%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:35
BTC   -   Lending Earning   0.1308%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:35
BTC   -   Lending Earning   0.1309%   0.00100000   15%   0.00000001 BTC   2016-01-31 22:07:35

Notice how there are blocks of similar loans popping every 10-20 secondts!! Extra satoshis!!

Another thing you can do is sometimes the bot that does the loanins splits your min orders down even further and a piece of it will pop back into open loan offers.. What you do then is leave theauto renew on on the piece that popped out and take it off of what is in loan so the larger section goes back to your balance and the tiny fraction stays loaning, it will still pop and give you satoshis just like an .001 loan but will work even if it is 1 sat!

Like this...
BTC   -   Lending Earning   0.0874%   0.00000001   15%   0.00000001 BTC   2016-04-03 19:05:23
BTC   -   Lending Earning   0.0874%   0.00000001   15%   0.00000001 BTC   2016-04-03 01:07:20
BTC   -   Lending Earning   0.0874%   0.00000001   15%   0.00000001 BTC   2016-04-03 00:09:51

See you are loaning only 1 satoshi and getting paid 1 sat every time it pops in and out.. 100% profit!!


I have 2,173 pages of loan earnings from doing that!!!


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April 08, 2016, 06:54:05 AM
 #10

the coins dont leave the exchange .

it is not just about coins not leaving the exchanger. when you lend bitcoin on exchanger you are lending it to someone else so they can trade with it so if they lose money, it is possible that you get screwed because they can leave and never log in that account again.

there are better active platforms for lending bitcoin

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April 08, 2016, 07:45:48 AM
 #11

There's no guarantee in this and I see you play with very very small amounts. In a loan there is always the risk of defaulting, so I will suggest to keep away from these practices, one single default in big amount can screw you for good. Bottom line, very risky method in my view.

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April 08, 2016, 07:47:50 AM
 #12

From what I remember there's not much demand for loans on this site and the rates you get are really bad for the risk you're taking.

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April 08, 2016, 09:55:27 AM
 #13

yeah i dont know but risk is very minimal
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April 08, 2016, 11:46:46 AM
 #14

Risk is minimum but you can make lots of money doing altcoin trade if you know what u doing. So i usually tried to take loan but till now my lending account is not activated. I am asking for them how to get it activated.  Angry

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Borgminer
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April 08, 2016, 02:54:57 PM
 #15

Risk is minimum but you can make lots of money doing altcoin trade if you know what u doing. So i usually tried to take loan but till now my lending account is not activated. I am asking for them how to get it activated.  Angry


easy you verify it
alyssa85
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April 08, 2016, 04:01:10 PM
 #16

Mkay.. This is how it works...

Loans don't always stick in for the full period (min 2 day). Often they pop in and out from people doing quick trades and the polo bot that does the loanin business..

Every time a loan pops out it has to give you atleast 1 satoshi, then sometimes it skipps a few to account for the 15% fee I believe..

So what you want is as many of the smallest loans you can give so you have more chances for them popping in and out..

The min loan is .001btc and if you have more than 1 loan of the same % such as 0.0750% and they are out at the same time they will add together and that is no good..

What ya wanna do is put in a F tun of min loan orders all on different %s... Like this..

.001 @ .0750
.001 @ .0749
.001 @ .0748
.001 @ .0747
.001 @ .0746

But like 200+ of em..

[snip]

I have 2,173 pages of loan earnings from doing that!!!



But what is the monthly return from doing this?

eddie13
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April 08, 2016, 06:27:12 PM
 #17

There's no guarantee in this and I see you play with very very small amounts. In a loan there is always the risk of defaulting, so I will suggest to keep away from these practices, one single default in big amount can screw you for good. Bottom line, very risky method in my view.


it is not just about coins not leaving the exchanger. when you lend bitcoin on exchanger you are lending it to someone else so they can trade with it so if they lose money, it is possible that you get screwed because they can leave and never log in that account again.

there are better active platforms for lending bitcoin

Loan defaults are unheard of.. It does not happen..

If they make a bad trade they will face a margin call and a forced liquidation of their position.

I have made tens of thousands of loans on Polo and have never had a default once, not ever.. It just doesn't happen..

If they leave and never log out for one your loan term max is whatever you set it for, 2 days min, and their position will automatically renew with a new loan off the loan offers side at market..

If they just hold a margin position indefinitely it will eventually margin call based on fees (that work by time) or if the price falls..

No matter what the trader does you will get your BTC back when your loan term expires or sooner..

Out of all the thousands of loans I have made there I have never once not got my BTC back and never once not got my interest on the loan.. 

eddie13
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April 08, 2016, 06:28:06 PM
 #18

From what I remember there's not much demand for loans on this site and the rates you get are really bad for the risk you're taking.

The only risk is Polo goxing..

eddie13
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April 08, 2016, 06:32:07 PM
 #19

But what is the monthly return from doing this?

It depends on hat the % fees are trading at at the time but I'd say that averages at about .125% per day X30=3.75% per month..

Any additional earnings on top of that from the loaning method I have had make up to 60k sat per day extra with .5 BTC. But that is just extra on top of the %..

alyssa85
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April 08, 2016, 07:20:18 PM
 #20

But what is the monthly return from doing this?

It depends on hat the % fees are trading at at the time but I'd say that averages at about .125% per day X30=3.75% per month..

Any additional earnings on top of that from the loaning method I have had make up to 60k sat per day extra with .5 BTC. But that is just extra on top of the %..

OK thanks, that's quite good. I set up a bunch of 0.001 loans, but so far only one has "popped" within the hour - I guess this is not a high trading period! Thanks for sharing an interesting strategy.

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