meme magic
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March 24, 2016, 10:55:37 PM |
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guess its not so good an idea to bet against xmr, or anything, at rock bottom prices.
my loan was returned early in full about around 12 hours ago, btw. poor fella.
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smooth (OP)
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March 24, 2016, 10:59:37 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.
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smfuser
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March 24, 2016, 11:02:32 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Where are you getting over 1.86% per year from a bank? Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex.
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explorer
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March 24, 2016, 11:05:16 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.
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dEBRUYNE
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March 24, 2016, 11:06:44 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous. Greed or race to the bottom. Also a bit of game theory involved.
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Monerobuyer0
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March 24, 2016, 11:10:04 PM |
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Those low rate loans are from some guy who has had xmr in there for months and never changed the rate. He just doesnt pay any attention to it.
I am not loaning any XMR below .5% any more. I miss out on some small gains sometimes, but then I am ready to catch the big lending rates when they happen, and they are worth WAY more.
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smooth (OP)
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March 24, 2016, 11:11:26 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous. If you are leaving your coins on there long term (not saying that is a good idea -- it isn't -- but many people do so anyway), you might as well, at least if you don't consider the risk of default to be significant.
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dEBRUYNE
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March 24, 2016, 11:12:51 PM |
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dnaleor
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March 24, 2016, 11:13:08 PM |
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1 XMR = 1 BTC in the summer of 2017, IF this trend continues... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9bUFRcC.png&t=665&c=Q4KUZdcyWfUpkQ) As always, NO GUARANTEES ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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TheKoziTwo
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March 24, 2016, 11:15:37 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous. Imagine offering a 100k free 2-day loan and somebody takes it. After 2 days you change the rate to something much higher. The guy is now forced to pay very high rates or close his position. Not saying that is the case here, but it could be one justifiable reason for offering "free" loans.
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explorer
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March 24, 2016, 11:15:49 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Where are you getting over 1.86% per year from a bank? Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex. 2.5% limited offer savings account. My chequing account is only 0.25% ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) and that 1.86 is actually 1.58 after polo takes their cut. At that rate it will be pretty much 100% deployed all year, but a 5 day term at 0.5% will net more than a year at 0.005%. If you have to wait 6 months to deploy the .5% loan, you are still ahead. To each their own, I guess.
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iCEBREAKER
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March 24, 2016, 11:18:25 PM |
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in Litecoin's case, on "me too" tech that offers nothing to the ecosystem You mean like how a hospital's secondary (backup) and tertiary (failsafe) generators are "me too" tech that offer nothing to the doctors and patients inside? LTC stays in the 9 figure range because it works, and a 'generation' of (Chinese) bitcoiners were introduced to both at the same time. LTC is the one made by a super-smart Chinese-American guy from a very successful family, which doesn't hurt at all for PR purposes.... And you are literally wrong, because LTC's additional tps capacity is next in line to absorb marginal use cases priced out (or timed out) of BTC. Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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smooth (OP)
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March 24, 2016, 11:21:21 PM |
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Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.
I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here.
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explorer
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March 24, 2016, 11:21:47 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous. Imagine offering a 100k free 2-day loan and somebody takes it. After 2 days you change the rate to something much higher. The guy is now forced to pay very high rates or close his position. Not saying that is the case here, but it could be one justifiable reason for offering "free" loans. That does make sense, as you would only have to catch a tiny portion of the rebound to make some money. Or use it to manipulate market price and make your money there.
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smfuser
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March 24, 2016, 11:29:42 PM |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Where are you getting over 1.86% per year from a bank? Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex. 2.5% limited offer savings account. My chequing account is only 0.25% ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) and that 1.86 is actually 1.58 after polo takes their cut. At that rate it will be pretty much 100% deployed all year, but a 5 day term at 0.5% will net more than a year at 0.005%. If you have to wait 6 months to deploy the .5% loan, you are still ahead. To each their own, I guess. Some such lenders may mistakenly think there is minimal risk of losing all their funds at Poloniex. Do you mind saying which bank is paying the 2.5% savings rate?
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Hueristic
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March 24, 2016, 11:39:20 PM |
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It seems like the same user who just the other day made a reddit post titled "I get margin called at 254K...someone help now!" switched to a short and ended up getting margin called now during todays rally, losing 140 BTC. From Trollbox: Pepperpig: I was short XMR and lost 140 BTC on it Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR Pepperpig: I probaly caused the XMR moon I think it's the same guy because he also wrote thisOf course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go. This made me all warm and fuzzy inside thx! http://www.polonibox.com/?username=Pepperpig
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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nioc
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March 25, 2016, 12:12:14 AM |
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On a scale of 1 to 10 how tempted am I to sell any Monero now? 0 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A couple of days ago I rethought my position being that the price was relatively high. I had some btc acquired from poker so it's not like I could send it to CB ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Instead I sent it to ShapeShift in exchange for Monero. I'm used to placing bids and using SS is the same as buying asks so my rate was 334. Lower than it had been the prior day or 2 and certainly lower than it would be in the future. Today was a pleasant surprise
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iCEBREAKER
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March 25, 2016, 12:21:47 AM |
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Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.
I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here. OK, so what have you learned from being spectacularly wrong about LTC for so many years? How has that new information changed your assuredly well-informed and rigorously logical opinion? Healthy skepticism about other coins in the XMR speculation thread is one thing. Making the eleventy-millionth 'zomg LTC is totes useless and will die Soon amirite' post only invites others to bring up the digressive usual points about CNY/LTC volume, the desirability of redundant backups for critical systems, and overflow capacity for price/time sensitive use cases. I'd rather celebrate XMR's victories than cast aspersions on LTC's viability. We don't need to tear BTC/LTC down to raise XMR up. It's not zero sum. The crypto pie is growing so fast that all legit/useful/innovative projects may have a nicely sized slice.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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nioc
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March 25, 2016, 12:32:14 AM |
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Oh my, 22 btc sell wall @420 eaten in 3 minutes ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Now a 4.20 btc sell at 420 just placed, cute.
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