Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bones261]

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.

[savetherainforest]

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...

Looking back to the 'old world'.




Feeling the pressure is magnificent!!  

[aesma]

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.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.

[savetherainforest]

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.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.

[bones261]

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.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.

[RayX12]

Looks like price of BTC resumes going up!
People want to get a piece of BCC so BTC could move toward ATH.

[Gyrsur]

Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL

https://youtu.be/1KFCc8xBD6Q

[Dafar]

Are people actually getting 4-5% daily interest on lending BTC in polo??

Anyone try it? Is there a big risk of losing BTC?

[traincarswreck]

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.

[MaxRR]

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.

[bones261]

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.

[savetherainforest]

Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL

https://youtu.be/1KFCc8xBD6Q

There was someone in the comment section that said he is off his meds!

But he is one of the reasons that a big chunk of the world hates americans.

[williamuk]

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??

[Dafar]

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?? 

[traincarswreck]

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.

[bones261]

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.

[savetherainforest]

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!

[traincarswreck]

But the arrogant attitude conveyed is rather noisome.

No its not, ur just not paying attention enough!

[MaxRR]

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

[Torque]

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.