5% is incredible low for an altcoin or even BTC loan rate. The prices soar and crash within hours.
Unless your offering 20-30%+ return your likely not going to get a loan, and you will need to offer collateral as well.
Use your own money if your so sure of your abilities, if your not, you probably shouldn't be taking a loan
Topic: Crypto Bank (Earn interest on your coins) (Read 1954 times)
5% monthly interest is low?
I have noticed only 3% interest , and it is low , at least by cryptocurrency standards.
Here you see coins soar and crash almost instantly, keeping your coin on hand for instant transactions is necessary.
Can you say PokerByProxy.com?
5% monthly interest is low?
My trading is done on Mintpal, so if Mintpal all of a sudden closes down or the coin itself is somehow destroyed, altered, or value goes down to zero, this is not my responsibility.
You borrow money and you repay the debt. If you want to shift the risk of exchange going insolvent and an altcoin crash to your creditor, you need to pay much higher interest. Since you are only offering low interest, it should be considered as a loan. It is your responsibility to repay in full with interest, independent to whatever happened to your investment.
Ok but the difference is that I am borrowing a coin and returning the same coin. No matter if the price of the coin goes down a lot or up a lot, I still return that coin.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
Unfortunately, reputation here is meaningless unless you have collateral you can post. TradeFortress, for instance, had great reputation, as did Ukyo-
+1
Giving 5% for DRK and XC and will return coins within 8-10 hours of being asked. Does not have to be a whole month. However, the interest will be calculated accordingly.
Ok but the difference is that I am borrowing a coin and returning the same coin. No matter if the price of the coin goes down a lot or up a lot, I still return that coin.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
Unfortunately, reputation here is meaningless unless you have collateral you can post. TradeFortress, for instance, had great reputation, as did Ukyo-
Ok but the difference is that I am borrowing a coin and returning the same coin...
Protip: >>>Bitcoin Forum > Economy > Marketplace > Lending
Ok but the difference is that I am borrowing a coin and returning the same coin. No matter if the price of the coin goes down a lot or up a lot, I still return that coin.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
You are no different than the others, you just offer slightly shittier interest rates
Goodluck finding someone willing to loan you altcoins for a month, in order to get 3% more of their coins. Altcoins soar and crash so often, it would make no sense to take that sort of risk.
Ok but the difference is that I am borrowing a coin and returning the same coin. No matter if the price of the coin goes down a lot or up a lot, I still return that coin.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
I expected people to be hostile, people always are at first until someone has a track record. This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.
Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?
Another good question. To provide a quick answer. I do not wish to invest in these coins (Even though, I have on the most part to a certain extent), or should I say invest more into them. However, I do wish to trade them, so what I am providing is a way of people who want to hold on to a coin long term a way to get interest while I can trade with it.
As for proof, I can provide this obviously. I guess the easiest way is a picture? Or I am open to ideas. I have facebook/twitter as well which can be verified as a confirmed identity.
If you're wondering why everyone here is so hostile, it's because that nearly everyone promising a return on deposited coins (Ukyo, Graet, Litecoinbank, etc.) has turned out to be a scam or been shuttered.
Those that were not openly scamming did not have sufficient reserves to pay depositors' their owed coins when things went south (Coinlenders/Inputs went under, BTC/USD rose quickly, etc).
Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?
Another good question. To provide a quick answer. I do not wish to invest in these coins (Even though, I have on the most part to a certain extent), or should I say invest more into them. However, I do wish to trade them, so what I am providing is a way of people who want to hold on to a coin long term a way to get interest while I can trade with it.
As for proof, I can provide this obviously. I guess the easiest way is a picture? Or I am open to ideas. I have facebook/twitter as well which can be verified as a confirmed identity.
A bank traditionally is simply an entity that loans capital for a percentage. What you are trying to start is a managed multi-currency hedge fund.
Neither of these things is inherently bad. But what I would want to know before investing is what your trading track record is. Can you provide any trade history to prove your effectiveness at managing a fund? I could Google you, but the burden of proof is on you, not us.
Neither of these things is inherently bad. But what I would want to know before investing is what your trading track record is. Can you provide any trade history to prove your effectiveness at managing a fund? I could Google you, but the burden of proof is on you, not us.
Great question, yes I can provide screen shots (unless you have a better way) of transaction amounts. Right now, I do about 50 bitcoins worth of trading per day.
Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?
So he can "bank" them..
AKA gamble them on the markets
I don't think you understood me. Why does he need a loan (basically what this is) if he has been successful at poker? If he cannot put a couple hundred bucks towards this himself from a 100k salary he needs to learn better money management skills.. And not start learning with other peoples $
Why would i put my coins in your "bank", where are you located? banks are located on psychical addresses.
Better to keep my coins on coldwallet gaining cero interest but having 10x money at the end of the year due to a bitcoin rise.
Better to keep my coins on coldwallet gaining cero interest but having 10x money at the end of the year due to a bitcoin rise.
Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?
So he can "bank" them..
AKA gamble them on the markets
Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?
A bank traditionally is simply an entity that loans capital for a percentage. What you are trying to start is a managed multi-currency hedge fund.
Neither of these things is inherently bad. But what I would want to know before investing is what your trading track record is. Can you provide any trade history to prove your effectiveness at managing a fund? I could Google you, but the burden of proof is on you, not us.
Neither of these things is inherently bad. But what I would want to know before investing is what your trading track record is. Can you provide any trade history to prove your effectiveness at managing a fund? I could Google you, but the burden of proof is on you, not us.
>without making an research.
Kill it before it lays eggs.
Kill it before it lays eggs.
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