Bitfinex Users: What are you paying for margin interest? - page 2.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote

Re: Bitfinex: Convince me your interest rates are real.

why did you change the thread title lol ?

link that you can check (do need a account)

https://bitfinex.com/pages/stats

https://community.bitfinex.com/showwiki.php?title=Bitfinex+Documentation:Lending

https://community.bitfinex.com/showthread.php/67-Variable-Interest-Rate

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

I personally took the record loan USD of 1400% APY
the platform wide record was 9001% APY for USD loans

also here a image with some rates i took and the current credit market

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: myself on February 16, 2013, 02:03:12 AM

then dont ask BFX ask other depositors LOL

you know logic and stuff

If the other depositors weren't getting their money I think I'd have heard about it by now. But even that PirateAt40 guy was able to make his payments for a while before vanishing with everyone's cash. Just because people are getting their interest today, doesn't mean that interest is backed by anything real.

But I guess you have a point - I can verify how real this rate is by finding out what people are paying in interest for their BFX leveraged longs and shorts.

Hey you! If you're reading this, and you're going long or short on leverage on Bitfinex... what are they charging you for interest?

Hopefully longs are paying more than 50% APR, and shorts more than 10% APR. If so, then I can believe that depositors are getting those interest rates from actual business (and not imaginary ponzi business).

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

then dont ask BFX ask other depositors LOL

you know logic and stuff

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Everything I've learned has told me that offers of double-digit annual returns with low risk is a sign of either delusional overconfidence or a ponzi operation.

Are people really paying over 50% APR to buy bitcoins on margin? Is there any way for me to verify this, without risking my money by depositing it at your exchange and trying for myself?

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