Bitcoin Forum
May 06, 2024, 06:40:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitfinex Lending  (Read 181 times)
MadMac (OP)
Full Member
***
Offline Offline

Activity: 756
Merit: 103



View Profile
September 15, 2017, 09:22:27 AM
 #1

Now that the glass is half full or half empty, what may be options?

Bitfinex lending is one of those, Poloniex also offers similar services, but there rate is lower and there are some issues associated with them.

I've exchanged some BTCs for LTC and the current going lending rate is 0.74% a day at Bitfinex. That should add up to some nice extra coins over a week or two, until Bitcoin picks up speed again.

BTC, ETH or XMR come not even close to Litecoin.

Please share your ideas!
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714977629
Hero Member
*
Offline Offline

Posts: 1714977629

View Profile Personal Message (Offline)

Ignore
1714977629
Reply with quote  #2

1714977629
Report to moderator
1714977629
Hero Member
*
Offline Offline

Posts: 1714977629

View Profile Personal Message (Offline)

Ignore
1714977629
Reply with quote  #2

1714977629
Report to moderator
Samarkand
Sr. Member
****
Offline Offline

Activity: 658
Merit: 282


View Profile
September 15, 2017, 01:24:54 PM
 #2

Now that the glass is half full or half empty, what may be options?

Bitfinex lending is one of those, Poloniex also offers similar services, but there rate is lower and there are some issues associated with them.

I've exchanged some BTCs for LTC and the current going lending rate is 0.74% a day at Bitfinex. That should add up to some nice extra coins over a week or two, until Bitcoin picks up speed again.

BTC, ETH or XMR come not even close to Litecoin.

Please share your ideas!

I agree that the current lending rates for Litecoin are extremely attractive!

However, you should keep in mind that the interest rates are directly correlated to the amount
of opened LTC shorts (and the demand for additional short positions). LTC value will probably drop a lot and therefore
I´d strongly advise you to only take advantage of the high lending rates for LTC,
if you intend to keep your Litecoin for the long-term and are fine
with sitting out a prolonged bear market.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!