investing with coinlenders

[kmahon10]

Hi, im thinking about investing a few of my precious BTC in a 30 day CD(i dont know what CD stands for) with coinlenders,
Has anyone had any experience with it, not wanting to get burned. 

[TheSpiral]

Hi, im thinking about investing a few of my precious BTC in a 30 day CD(i dont know what CD stands for) with coinlenders,
Has anyone had any experience with it, not wanting to get burned. 

I'm a few days into one, have been receiving interest the same time every day.
I don't know about cashing out, yet. Seems legit so far, though.

[ArcticWolf]

a CD is a Certificate of Deposit, which is essentially a set legnth deposit with a set interest rate.

Fun fact, you can see how much you have made in interest at any time by pressing the refresh link at the bottom and watching as your funds rise!

[Birdy]

I have some Btcs on coinlenders and my impression is that it's legit.
Obviously there is still some risk involved.

[Burdy]

I see he says the coins are insured. How can that possibly be?

[Birdy]

I see he says the coins are insured. How can that possibly be?

He says the coins are insured by his own wealth (probably in a lot of other investments), so obviously if he defaults or decides to run  it's no help.
On the other TF cannot run with lend coins, he is a trusted long-term member and probably there are people that know his personal data (doesn't mean it's secure though).

[🏰 TradeFortress 🏰]

I see he says the coins are insured. How can that possibly be?

He says the coins are insured by his own wealth (probably in a lot of other investments), so obviously if he defaults or decides to run  it's no help.
On the other TF cannot run with lend coins, he is a trusted long-term member and probably there are people that know his personal data (doesn't mean it's secure though).

Yep, in fiat and non fiat forms, including shares stock of certain Bitcoin companies. 

[denri]

I no BTC , how to invest ?

[ranlo]

I see he says the coins are insured. How can that possibly be?

He says the coins are insured by his own wealth (probably in a lot of other investments), so obviously if he defaults or decides to run  it's no help.
On the other TF cannot run with lend coins, he is a trusted long-term member and probably there are people that know his personal data (doesn't mean it's secure though).

Yep, in fiat and non fiat forms, including shares stock of certain Bitcoin companies. 

Fiat forms too? Are you rich? If so, will you be my daddy?

And... WHEN U DIE CAN I HAS UR STUF

[sonikku13]

I've been planning to mine my first BTC and then put it in CoinLenders to get interest on it. So far, I'm 12.87% of the way there in terms of mining, but with the increasing difficulty, will I ever reach 1 BTC? I get free electricity and my 7970 is overclocked so it does 675 MH/sec on average.

[ranlo]

I've been planning to mine my first BTC and then put it in CoinLenders to get interest on it. So far, I'm 12.87% of the way there in terms of mining, but with the increasing difficulty, will I ever reach 1 BTC? I get free electricity and my 7970 is overclocked so it does 675 MH/sec on average.

Theoretically you will get there someday. How long that takes, however, is another story, :p.

[sonikku13]

I plugged it into a spreadsheet from here http://www.speedyshare.com/R2gXU/ASICs-are-way-overpriced-v1.xlsx and I figured out that even within the year, I might not earn 1 BTC. But hey, it's still free money since  I didn't buy my $2,866 tower for Bitcoin mining, and I get free electricity.

[kmahon10]

I see he says the coins are insured. How can that possibly be?

He says the coins are insured by his own wealth (probably in a lot of other investments), so obviously if he defaults or decides to run  it's no help.
On the other TF cannot run with lend coins, he is a trusted long-term member and probably there are people that know his personal data (doesn't mean it's secure though).

Yep, in fiat and non fiat forms, including shares stock of certain Bitcoin companies. 

cool ive invested 10 btc, TF seems like a pretty legit guy after looking on the forums, and keeping peoples trust and a clean slate could be the way of the future.