BTC Lending Market (Poloniex) Discussion - page 3.

btcdiggingmaster

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Quote from: cryptogear on April 05, 2017, 12:26:42 PM

Is this stuff working on Polo? I mean you can safely invest you money in lending? What happens if somebody defaults a loan? Is there a required collateral ammount in other cryptos?

That is what everyone is discussing about, many people still not aware of how lending works in Polo. What I understand is after lending there is no guarantee whether he will pay or not. I think when compared trading, lending has higher risk involved in it.

p3ppymon

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Quote from: spatifilium on April 15, 2017, 06:48:47 AM

sometimes I have no time for trading, so this idea with the lending seems ok to me, the only question is how high is the risk of losing investment by giving the loan, because it is not clear to me that if a person lend resources and those lost to the transaction and not have so much to return, how do I get back my investment with interest, because the one who borrows and loses investment can open a new account and start all over again.

Borrowers have funds as collateral and they are kicked out if their position goes down by their pre-established amount. This hugely minimises lender's risk.

spatifilium

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sometimes I have no time for trading, so this idea with the lending seems ok to me, the only question is how high is the risk of losing investment by giving the loan, because it is not clear to me that if a person lend resources and those lost to the transaction and not have so much to return, how do I get back my investment with interest, because the one who borrows and loses investment can open a new account and start all over again.

cryptogear

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Is this stuff working on Polo? I mean you can safely invest you money in lending? What happens if somebody defaults a loan? Is there a required collateral ammount in other cryptos?

alyssa85

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Quote from: finbad on March 27, 2017, 10:14:15 AM

why are laon rates so much higher on polo that bitfinex?

anyone have any thoughts.

Supply and demand. The loans on Poloniex are from members, not Poloniex itself. And members do not always want to lend - when a coin goes high, sometimes they prefer to just sell it, which is why the loan rates go up.

Also, the BTC loan rates depend on whether there is a pump going on. When Dash (or ltc or ether or whatever) is being pumped, you need to borrow btc to go long via margin trading. There are many more pumps on poloniex than on bitfinex.

legendbtc

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Quote from: Kevin77 on March 29, 2017, 03:55:48 PM

Quote from: rotors on March 28, 2017, 04:45:56 PM

Yes Polo should guarantee that you gain back money even if person goes defunct. Have been easy so far.

That is because most of the time money just changes hands on their platform, whoever gambles altcoin trading with the Lenders money and loses you can directly assume that there is someone else who won, which is why you can subtract the amount from their comissions, both for loser and winner and the fee basically pays for the lender instead of borrower.

It indicates that there is risk involved in lending also. What I thought is Poloniex will take care of our money, who doesn't pay us on time.
So it is also time waste for us instead of lending why don't we ourselves go for trading then.

xleejohnx

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Quote from: legendbtc on March 28, 2017, 08:22:59 AM

Even I don't know how Poloniex lending works, I see there are many people showing interest towards lending.
Can some on explain to me how this lending works in Poloniex, is it safe to lend money in Poloniex exchange?

you have a margin trading tab and on that tab someone puts money into to show credit
and then they can take a loan off the lending pages for over what his value is on the margin tab
this person is taking on a loan for highs and lows on whatever coin this person is trying to flip for a profit
even if the person defaults on this loan the money tied up in the margin loan this person cannot get back once its in its in
the only way lending money on poloniex would hurt you is two ways
when the fork happens and bitcoin U takes over and when it does the BTC you have in lending wont get duped into BTU because you dont "own" the btc anymore the margin trader does
if the site gets "hacked" and they lose their btc holdings

this isnt step by step on how it works but a short bad summary of how it goes down with lending and loses

Kevin77

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Quote from: rotors on March 28, 2017, 04:45:56 PM

Yes Polo should guarantee that you gain back money even if person goes defunct. Have been easy so far.

That is because most of the time money just changes hands on their platform, whoever gambles altcoin trading with the Lenders money and loses you can directly assume that there is someone else who won, which is why you can subtract the amount from their comissions, both for loser and winner and the fee basically pays for the lender instead of borrower.

rotors

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Yes Polo should guarantee that you gain back money even if person goes defunct. Have been easy so far.

legendbtc

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Even I don't know how Poloniex lending works, I see there are many people showing interest towards lending.
Can some on explain to me how this lending works in Poloniex, is it safe to lend money in Poloniex exchange?

finbad

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why are laon rates so much higher on polo that bitfinex?

anyone have any thoughts.

layoutph

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If you really want to earn by using lending, why not try Margin trading? You lend to your broker, and earn by Margin Selling or Margin Buy.

alyssa85

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Quote from: ridery99 on March 06, 2017, 08:34:58 AM

I heard polo was hacked back in the day... Kinda risky to keep your coins sitting there long periods of time making only small revenue.

Poloniex was hacked in 2014, but they compensated everyone, so people using the exchange didn't lose money.

ridery99

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I heard polo was hacked back in the day... Kinda risky to keep your coins sitting there long periods of time making only small revenue.

ETCethereum

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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?

if you want margin trading in poloniex is good
because in there loan interest is very low
but if you want lending is not competitif interest , return is low

memequiserle

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Quote from: ?? on ??

Lending you mined coins is great if you dont intend to exchange them to FIAT currencies and get interest on it.
Here is video tutorial how lending works on Poloniex

in poloniex lending not support fiat money or USDT
because USDT not support margin trading
only support altcoin and bitcoin in lending system

biggbox

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Quote from: lord raiden on May 12, 2016, 08:21:30 AM

"
Novaexchange is closed for maintenance
During maintenance the exchange will go through a full code review to find weaknesses, go through penetration testing and functionality testing
A fundraiser has been started by Bejjan @ scryptpool.com to finance the BTC and LTC missing to Novaexchange userbase. click here for more info
Read the original notice that the security of Novaexchange was comprimized
Stay tuned for updates
"

sounds not rly trustworthy Undecided

What's going to happen to users' coins @ Novabase?

lord raiden

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"
Novaexchange is closed for maintenance
During maintenance the exchange will go through a full code review to find weaknesses, go through penetration testing and functionality testing
A fundraiser has been started by Bejjan @ scryptpool.com to finance the BTC and LTC missing to Novaexchange userbase. click here for more info
Read the original notice that the security of Novaexchange was comprimized
Stay tuned for updates
"

sounds not rly trustworthy Undecided

biggbox

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Quote from: Beyondo on May 09, 2016, 07:55:38 AM

Quote from: Arcteryx on May 02, 2016, 04:12:37 PM

Quote from: Nxtblg on April 27, 2016, 10:28:40 PM

Quote from: biggbox on April 27, 2016, 12:32:21 PM

Do you guys think Poloniex is safe to deposit more coins to generate interest in the lending section?

I do. In fact, I have.

How is poloniex better than nova exchange? Which one is more reliable in terms of giving stable prices in the long run?

I'm having better luck on Nova - I'm getting much better rates there. There are too many lowballers lending for cheap on Poloniex. Why the hell would you risk you crypto on an exchange for 0.03% per day before fees - you're better off putting money in a CD.

Novaexchanges supports lending? What are the average daily interest rates?

Beyondo

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Quote from: Arcteryx on May 02, 2016, 04:12:37 PM

Quote from: Nxtblg on April 27, 2016, 10:28:40 PM

Quote from: biggbox on April 27, 2016, 12:32:21 PM

Do you guys think Poloniex is safe to deposit more coins to generate interest in the lending section?

I do. In fact, I have.

How is poloniex better than nova exchange? Which one is more reliable in terms of giving stable prices in the long run?

I'm having better luck on Nova - I'm getting much better rates there. There are too many lowballers lending for cheap on Poloniex. Why the hell would you risk you crypto on an exchange for 0.03% per day before fees - you're better off putting money in a CD.

Topic: BTC Lending Market (Poloniex) Discussion - page 3. (Read 21283 times)