bones261
Legendary
 Offline
Activity: 1806
Merit: 1827
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July 30, 2017, 05:04:50 PM |
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I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.
5% being the max allowed.
Feeling a bit Jewish right now...
You don't need to be Jewish to take advantage of a situation and profit.  I withdrew all of my BTC from Polo a couple of weeks ago, due to concerns being raised daily about their support/withdrawal issues and the recommendations of several trusted sources to move your coins to your control by August 1, just in case things go wrong. Also, I can now use my coins to claim free Byteball and BCC. Just know, that POLO's policy will be to give free BCC to the person who took the loan and not the lender. May be why some people are willing to pay such outrageous rates to go long on bullshit. Guess they may think they have a hedge, now. |
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aesma
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July 30, 2017, 05:28:30 PM |
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I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.
I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.
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savetherainforest
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July 30, 2017, 05:34:32 PM |
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I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.
I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.
There will be other cryptos to take its place!  ... I'm prospecting to diversify.   |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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July 30, 2017, 05:45:43 PM |
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I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.
I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.
I have verification on tier level 3, which was probably stupid on my part, since my minnow ass has never needed to withdraw more than 2000 USD worth in one day. However, none of my withdrawals have been delayed. |
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RayX12
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July 30, 2017, 06:46:31 PM |
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Looks like price of BTC resumes going up!
People want to get a piece of BCC so BTC could move toward ATH.
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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July 30, 2017, 06:50:16 PM |
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Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL https://youtu.be/1KFCc8xBD6Q |
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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July 30, 2017, 06:50:35 PM |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
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traincarswreck
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July 30, 2017, 06:54:53 PM |
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In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.
Unlikely to happen since Bitpay is part of the conglomerate ( http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long. Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right? list of bs points: Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesn’t Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesn’t Necessarily Increase Its Value As Per Metcalfe’s Law
Bitcoin As A Coffee Money Doesn’t Scale
In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over. But neither of you understands how central banking or our global economy works. |
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MaxRR
Newbie
Offline
Activity: 14
Merit: 0
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July 30, 2017, 06:57:09 PM |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading. I have been lending in poloniex for 2 months, it really works. |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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July 30, 2017, 07:02:18 PM |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%. The risks to loaning on POLO are listed below. a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back. b) Polo's program has an error and you do not get your funds back, c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order. d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized. |
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williamuk
Member
Offline
Activity: 70
Merit: 10
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July 30, 2017, 07:22:00 PM |
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In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.
Unlikely to happen since Bitpay is part of the conglomerate ( http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long. Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right? list of bs points: Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesn’t Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesn’t Necessarily Increase Its Value As Per Metcalfe’s Law
Bitcoin As A Coffee Money Doesn’t Scale
In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over. But neither of you understands how central banking or our global economy works. What?? |
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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July 30, 2017, 07:24:49 PM |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading. I have been lending in poloniex for 2 months, it really works. Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%. The risks to loaning on POLO are listed below. a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back. b) Polo's program has an error and you do not get your funds back, c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order. d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized. Thanks guys Can I lend 100 BTC and make 3BTC/day?? |
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traincarswreck
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July 30, 2017, 07:25:52 PM |
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What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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July 30, 2017, 07:52:04 PM |
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What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. God you remind me of some teachers/professors that I had. That ignore button is starting to look really tempting. I must admit, the content of your posts are actually quite good. But the arrogant attitude conveyed is rather noisome. |
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savetherainforest
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July 30, 2017, 07:53:33 PM |
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What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. I am glad that all banksters that believe in their centralized bullsh!t will be crushed under their corrupt habits trying to maintain the status quo way of living! When they will try to print more money to survive but the people will not be happy when they will print more! |
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traincarswreck
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July 30, 2017, 08:00:27 PM |
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But the arrogant attitude conveyed is rather noisome.
No its not, ur just not paying attention enough! |
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MaxRR
Newbie
Offline
Activity: 14
Merit: 0
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July 30, 2017, 08:04:56 PM |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading. I have been lending in poloniex for 2 months, it really works. Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%. The risks to loaning on POLO are listed below. a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back. b) Polo's program has an error and you do not get your funds back, c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order. d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized. Thanks guys Can I lend 100 BTC and make 3BTC/day?? Why would you risk that much? You can lend for a day minimun, i lended 0.10 and its giving me 2.75% daily return. I would never risk everything in only one site, doesnt matter how good it looks |
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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July 30, 2017, 08:28:40 PM |
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What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. God you remind me of some teachers/professors that I had. That ignore button is starting to look really tempting. I must admit, the content of your posts are actually quite good. But the arrogant attitude conveyed is rather noisome. I put this condescending idiot troll on ignore about 2 pages back. |
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