BTC Lending Market (Poloniex) Discussion

brobbel

sr. member

Activity: 966

Merit: 342

Quote from: gmcroman on August 24, 2017, 10:37:26 PM

So, if I had BTC in an active Polo loan (I was lending) during the fork, am I suppose to collect BCH for my BTC's or not?

No, that was clearly stated. When you loan BTC you possess only the worth of it at that time.
When there was a part not on loan at that specific moment of the fork, you should have received BCH for that part.

gmcroman

newbie

Activity: 20

Merit: 0

So, if I had BTC in an active Polo loan (I was lending) during the fork, am I suppose to collect BCH for my BTC's or not?

maeusi

sr. member

Activity: 462

Merit: 254

The highest loan ratings, I got on poloniex, were 4 percent with doge on its hype.
I will wait a bit and go to lending.

no0dlepunk

sr. member

Activity: 490

Merit: 258

I have been lending in poloniex since the fork began. The highest mark that I had seen was 2% because of the btc scarce. Right now my btc returns are around 0.01% - 0.02% and there is nothing wrong with it, at least my btc is gaining some satoshi instead of static value.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: alyssa85 on August 08, 2017, 06:00:16 AM

3% is quite a good rate. The lending rates have collapsed since people started to move away from the exchange (and hence do less margin trading).

may look into this and move some coin back to polo for lending.

pulled everything out a while ago once the complaints started rolling in.

alyssa85

legendary

Activity: 1652

Merit: 1088

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Quote from: metroymedio on August 07, 2017, 09:16:54 PM

Im lending in poloniex 30 BTC last 30 Jul . Rate is 3%

https://image.ibb.co/cmm9pv/poloniex2.jpg

Is normal it still open ? , is very stranger ? Any in this forum have same situation ?

3% is quite a good rate. The lending rates have collapsed since people started to move away from the exchange (and hence do less margin trading).

templebar

sr. member

Activity: 350

Merit: 250

Quote from: metroymedio on August 07, 2017, 09:16:54 PM

Im lending in poloniex 30 BTC last 30 Jul . Rate is 3%

https://image.ibb.co/cmm9pv/poloniex2.jpg

Is normal it still open ? , is very stranger ? Any in this forum have same situation ?

Nothing wrong with that. You should consider yourself lucky and hope it lasts 60 days until the loaner releases it.

You should also hope polo wont go bankrupt in the next 60 days. I had this fear and moved all my funds out of polo.

metroymedio

newbie

Activity: 35

Merit: 0

Im lending in poloniex 30 BTC last 30 Jul . Rate is 3%

https://image.ibb.co/cmm9pv/poloniex2.jpg

Is normal it still open ? , is very stranger ? Any in this forum have same situation ?

CryptoGrOf

newbie

Activity: 3

Merit: 0

How are other people experiencing offering loans on Poloniex?
I've been starting to notice that the offered loans are not getting on my balance when the loan is due. Right now I will track if the loan earnings are correct, since a week I am starting to get suspicious as my earnings are no where close to what it should be (Even after several calculations).

templebar

sr. member

Activity: 350

Merit: 250

Quote from: Dashka on July 29, 2017, 09:14:41 AM

Hello all,

Is rate a daily or 2 days as marked?

Thats the daily rate is shown there. When you lend your BTC, you can lend it for 2-60 days and the borrower pays that interest rate until he returns your BTC

Dashka

newbie

Activity: 1

Merit: 0

Hello all,

Is rate a daily or 2 days as marked?

https://2.bp.blogspot.com/-mKqJ6-CDEXg/WXyIuw_tCrI/AAAAAAAAg_A/n6nPjvVL5dsOt_wJwxcE3_coQOAm50pgwCLcBGAs/s1600/Captureasadsadasdas.PNG

kelceyott

full member

Activity: 192

Merit: 100

Quote from: rdnkjdi on August 15, 2015, 04:34:48 AM

So just stumbled across this recently. What kind of prices, volume & terms have you guys who lend & borrow BTC for trading been getting?

Just as BTC is a valuable and valuable currency, lending can happen. Just like a bank gives us a loan and pay interest every month. If the bitcoin loan happens, we will get information as to if there is fraud. Because transactions on bitcoin are confidential transactions we do not need to know each other.

biggbox

sr. member

Activity: 448

Merit: 250

This is the formula to calculate the daily interest earnings (assuming you lent 1 BTC)

( (current loan rate)% * 1 ) * 0.85

for example, the current loan rate is 0.06%

(1 BTC x 0.06%) x 0.85 = 0.00051 BTC

fibonArchie

newbie

Activity: 2

Merit: 0

Quote from: brobbel on July 15, 2017, 10:26:17 AM

Quote from: fibonArchie on July 15, 2017, 06:51:57 AM

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

When you lend, you place a loan offer.

When a former loan is completed and the borrower will renew this for a rate lower then available, it's a loan demand. Only, the loan demands with good rates are never available, mostly due to insufficient amounts (<0.01 BTC for example). The total can be more, but it contains only small parts AFAIK, which can't be lend.

So only look at loan offers, and forget the demands.

now understood, cheers

brobbel

sr. member

Activity: 966

Merit: 342

Quote from: fibonArchie on July 15, 2017, 06:51:57 AM

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

When you lend, you place a loan offer.

When a former loan is completed and the borrower will renew this for a rate lower then available, it's a loan demand. Only, the loan demands with good rates are never available, mostly due to insufficient amounts (<0.01 BTC for example). The total can be more, but it contains only small parts AFAIK, which can't be lend.

So only look at loan offers, and forget the demands.

fibonArchie

newbie

Activity: 2

Merit: 0

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

p3ppymon

sr. member

Activity: 700

Merit: 254

Quote from: daviducsb on June 19, 2017, 10:21:30 PM

Hi. Could anyone explain to me if there is any easy way to see the current interest rate one is paying on a margin loan on Poloniex? I know I can go to lending and see what's on offer. Some of the rates I am seeing like .001 which I think comes out to 3% apr seem really low to me. How can I tell if that is the rate I'm currently paying without going to the lending page?

thanks in advance!

This website shows historical data
https://cryptolend.net/rates.html

daviducsb

full member

Activity: 155

Merit: 100

Hi. Could anyone explain to me if there is any easy way to see the current interest rate one is paying on a margin loan on Poloniex? I know I can go to lending and see what's on offer. Some of the rates I am seeing like .001 which I think comes out to 3% apr seem really low to me. How can I tell if that is the rate I'm currently paying without going to the lending page?

thanks in advance!

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

with all the poloniex drama of late i pulled my coins out. might have to toss one back for lending and see how it goes.

never had problems with polo in the past couple years but as they say "past performance does not guarantee future performance.."

AiWanChu

member

Activity: 140

Merit: 10

i always get 0.2% interest per day but on crazy days it can go as high ad 5% per day but it doesnt last long

Topic: BTC Lending Market (Poloniex) Discussion (Read 21283 times)