Btcpop P2P Bitcoin Bank | Bitcointalksearch.org

hroub

full member

Activity: 378

Merit: 107

BCH Wallet: 1PmR3k4cA4YVy7r7RVgYdSjnon2A1aJSLk

Better an better!

Cloud mining maintenance fees were recently reduced from $0.27 to $0.25 per day.
Owners of hashpower received bonuses according to their mining power because there was some extra coins accumulated by the cloud mining reserve.
Mining hash prices were reduced because BTC and BCH prices dropped as well as the market hash prices.
The other day there was a Russian hacker that managed to empty the hot wallet, which was quickly re-filled and a lot of users might not even know this because it didn't affect them in any way (Pop took full responsibility and covered the losses)
There are less scammers on Pop due to security measures and community hates them and calls them out... You should check it out!

Still no minimum BTC needed to sign up, look around, or chat

EDIT: $0.27 to $0.25 per day per TH/s. Now that sha256 hashes are sold in GH/s instead of TH/s, the fee is $0.00025 per GH/s per day

Dav7

full member

Activity: 291

Merit: 104

Making Money Online since 2006

How is BTCPOP doing these days?

hroub

full member

Activity: 378

Merit: 107

BCH Wallet: 1PmR3k4cA4YVy7r7RVgYdSjnon2A1aJSLk

Quote from: NardoPolo on November 04, 2017, 09:26:57 PM

Quote from: cesmak on November 03, 2017, 02:35:51 PM

Quote from: NardoPolo on November 02, 2017, 06:34:40 PM

Is there a way to see the staking deposits? My balance is increasing so I know it is happening, but is there a record of them to see?

Thank you!

Left menu "Account" --> "Alt-statement"

Cheers

Thank you so much!

UPDATE: You can now also see your staking stats and Pop Global staking stats in: http://btcpop.co/Staking

Also, @crobo15 voluntarily posts tables with PoS coin APRs frequently in this forum thread: https://btcpop.co/forum/viewthread.php?id=1645

NardoPolo

newbie

Activity: 35

Merit: 0

Quote from: cesmak on November 03, 2017, 02:35:51 PM

Quote from: NardoPolo on November 02, 2017, 06:34:40 PM

Is there a way to see the staking deposits? My balance is increasing so I know it is happening, but is there a record of them to see?

Thank you!

Left menu "Account" --> "Alt-statement"

Cheers

Thank you so much!

cesmak

legendary

Activity: 1057

Merit: 1009

Quote from: NardoPolo on November 02, 2017, 06:34:40 PM

Is there a way to see the staking deposits? My balance is increasing so I know it is happening, but is there a record of them to see?

Thank you!

Left menu "Account" --> "Alt-statement"

Cheers

NardoPolo

newbie

Activity: 35

Merit: 0

Is there a way to see the staking deposits? My balance is increasing so I know it is happening, but is there a record of them to see?

Thank you!

Casimir1904

full member

Activity: 209

Merit: 100

Radix-The Decentralized Finance Protocol

Most loans are BTC based.
USD tied loans doesn't fund easly because Investors want to grow their Bitcoin and mostly don't think in Fiat.
In the future we'll have loans in different currencies ( ETH,LTC,Bitcoin Cash,USDT,DASH,Monero ).

Altcoins can be used as collateral and its investors who decide where they invest at what rates.
Shares ( on pop ) can be used also as collateral.

https://blog.btcpop.co/2017/04/28/how-to-get-your-first-bitcoin-loan/

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: rich0292 on September 15, 2017, 09:09:24 AM

Does BTCpop work exactly like Bitbond in that BTC is merely used to transfer value globally but it is instantly converted to fiat on the other end (if I'm lending), the interest is paid back in fiat and then transferred immediately back to me in BTC for re-lending?

This essentially makes it a global crowd fund platform that can ignore BTC volatility for the most part.

Hi, I wanted to know this too. What collateral do you guys approve of? And what's the average interest rates for loans of maybe, paid within 30 days?

Experience from other borrowers from this forum is also highly appreciated.

Regards

rich0292

newbie

Activity: 14

Merit: 0

Does BTCpop work exactly like Bitbond in that BTC is merely used to transfer value globally but it is instantly converted to fiat on the other end (if I'm lending), the interest is paid back in fiat and then transferred immediately back to me in BTC for re-lending?

This essentially makes it a global crowd fund platform that can ignore BTC volatility for the most part.

dinoDevon

newbie

Activity: 50

Merit: 0

Check out Btcpop's Blog at https://blog.btcpop.co/ for more info!

dinoDevon

newbie

Activity: 50

Merit: 0

Quote from: quietbearcoin on May 23, 2017, 01:56:09 AM

Devon... Please send me an email that I can reply to. Send it to "[email protected]"...

Sent you an email! hopefully this one works

Casimir1904

full member

Activity: 209

Merit: 100

Radix-The Decentralized Finance Protocol

Quote from: ranlo on May 30, 2017, 12:18:06 AM

Yeah, definitely agree with how you referred to it there (low-risk). What is the interest rate on the low-risk profile (the one where you say that it's, for all intents and purposes, guaranteed)? I saw "5-15%" but is that like APR or what?

At the moment the interest rate without compounding is about 10-11% APY but the higher it is the more users invest in their Instant account.
It depends on Total Invested vs. Total repaid instant loans.

Many investors use their Instant account to park idle coins and move them out if good custom loans/bonds are listed.
I suggest new investors to start with the Instant account and invest only returns in custom loans/bonds, that way you can't lose your principal and still get a feeling for the risk and chances on custom loans/bonds.
And you have funds available if 100%+ Collateral Loans/Bonds are listed. At the moment there a some Bonds in funding with 100%+ Collateral.
Still I would suggest to never invest more than 0.5% of your capital in a single loan/bond/user and thats the amount for the best category of loans and bonds.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Casimir1904 on May 29, 2017, 06:15:54 PM

Quote from: ranlo on May 23, 2017, 02:00:17 AM

There's no such thing as "risk-free." Even investing in a savings bond or FDIC-insured bank isn't risk-free. There is ALWAYS risk, and claiming otherwise is a lie. Anyways, don't have any free BTC to give it a go with (lending) but noting for the future.

The Instant pools pay interest whenever a borrower makes a payment on an Instant Loan.
The individual Limit is calculated based on Fees and Interest paid.
So yes there is a risk that btcpop loses money on instants but investors don't risk their principal or earned interest.
We keep improving the limit calculation to make them profitable for btcpop.

But lets say low risk instead of high risk where custom loans could have low to very high risk.

Yeah, definitely agree with how you referred to it there (low-risk). What is the interest rate on the low-risk profile (the one where you say that it's, for all intents and purposes, guaranteed)? I saw "5-15%" but is that like APR or what?

Casimir1904

full member

Activity: 209

Merit: 100

Radix-The Decentralized Finance Protocol

Quote from: ranlo on May 23, 2017, 02:00:17 AM

There's no such thing as "risk-free." Even investing in a savings bond or FDIC-insured bank isn't risk-free. There is ALWAYS risk, and claiming otherwise is a lie. Anyways, don't have any free BTC to give it a go with (lending) but noting for the future.

The Instant pools pay interest whenever a borrower makes a payment on an Instant Loan.
The individual Limit is calculated based on Fees and Interest paid.
So yes there is a risk that btcpop loses money on instants but investors don't risk their principal or earned interest.
We keep improving the limit calculation to make them profitable for btcpop.

But lets say low risk instead of high risk where custom loans could have low to very high risk.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: dinoDevon on May 19, 2017, 11:58:55 AM

Sorry about the statistics not working.

To answer your question regarding defaults.

Quote from: ranlo on May 17, 2017, 12:18:37 AM

Is there a chart or anything else that helps confirm the default rate? And what is the average interest rate earned? Had some fairly bad luck on other platforms (like BTCJam, due to mismanagement and rampant scamming).

Every lender will have different default rates. However, I know from general discussion as well as my participation to a varying degree of most all loans through the platform that people are paying back their loans. I learned how to P2P lend the hard way on Btcjam as well and lost 5+ Btc.

Btcpop has been much better. My old account has recovered to around -1% ROI and My new account is at like a +%5 and has lent out around 28 Btc and received 29.5 Back with interest this year. (that was the picture I was trying to share earlier)

But, in any case if you are still skeptical on P2P lending default rates Btcpop offers a interest bearing "Instant Pool Wallet" where you receive 5-15% interest risk free and you can withdraw your Bitcoin at any time.

https://blog.btcpop.co/2017/05/18/btcpops-risk-free-interest-bearing-bitcoin-wallet/

Please feel free to reach out with questions... You can see some of my other stats on various posts throughout the Btcpop Blog

There's no such thing as "risk-free." Even investing in a savings bond or FDIC-insured bank isn't risk-free. There is ALWAYS risk, and claiming otherwise is a lie. Anyways, don't have any free BTC to give it a go with (lending) but noting for the future.

quietbearcoin

newbie

Activity: 9

Merit: 0

Devon... Please send me an email that I can reply to. Send it to "[email protected]"...

dinoDevon

newbie

Activity: 50

Merit: 0

Sorry about the statistics not working.

To answer your question regarding defaults.

Quote from: ranlo on May 17, 2017, 12:18:37 AM

Is there a chart or anything else that helps confirm the default rate? And what is the average interest rate earned? Had some fairly bad luck on other platforms (like BTCJam, due to mismanagement and rampant scamming).

Every lender will have different default rates. However, I know from general discussion as well as my participation to a varying degree of most all loans through the platform that people are paying back their loans. I learned how to P2P lend the hard way on Btcjam as well and lost 5+ Btc.

Btcpop has been much better. My old account has recovered to around -1% ROI and My new account is at like a +%5 and has lent out around 28 Btc and received 29.5 Back with interest this year. (that was the picture I was trying to share earlier)

But, in any case if you are still skeptical on P2P lending default rates Btcpop offers a interest bearing "Instant Pool Wallet" where you receive 5-15% interest risk free and you can withdraw your Bitcoin at any time.

https://blog.btcpop.co/2017/05/18/btcpops-risk-free-interest-bearing-bitcoin-wallet/

Please feel free to reach out with questions... You can see some of my other stats on various posts throughout the Btcpop Blog

dinoDevon

newbie

Activity: 50

Merit: 0

Quote from: ranlo on May 17, 2017, 12:18:37 AM

Is there a chart or anything else that helps confirm the default rate? And what is the average interest rate earned? Had some fairly bad luck on other platforms (like BTCJam, due to mismanagement and rampant scamming).

As its a Peer to Peer platform stats are going to be different for everyone. But Here is a picture of my account P2P stats for reference. /photos/iVtBHjgLHqgioo347]https://[Suspicious link removed]/photos/iVtBHjgLHqgioo347 and the one late investment I have for like $5 is backed by 80% collateral. So it is now possible for users to get really good return if they do it right.

Also the 2nd photo in that album is the stats for the risk free pool investments. So if you just want to deposit funds in there and earn interest/ withdraw any time that works as well.

cesmak

legendary

Activity: 1057

Merit: 1009

Quote from: dinoDevon on May 16, 2017, 10:48:24 PM

Cesmak, has the Burst pool been working for you? I too mine on btfg pool with Val but mine hasn't worked for the last 2 days

No pool down for hardware failure, Val reactivated today. Join us on Discord to have latest news : https://discord.gg/M3XsCdn

ranlo

legendary

Activity: 1988

Merit: 1007

Is there a chart or anything else that helps confirm the default rate? And what is the average interest rate earned? Had some fairly bad luck on other platforms (like BTCJam, due to mismanagement and rampant scamming).

Topic: Btcpop P2P Bitcoin Bank (Read 1638 times)