Topic: earn money with lending btc?! - page 2. (Read 3227 times)
I am not very favorable to lending money, even with the use of collateral. Almost all of the Bitcoin users are anonymous, and therefore the risk is much higher than lending fiat cash to someone.
Lending money in terms of bitcoin and profiting with the varying rate of interest for the amount gives a stable earning. The same is highly risk involved as there is requirement of collateral for the same amount that's been provided. Here users provide valueless collateral causing us loss. So rather than lending better is to start trading.
Totally agree with you. This is not the best way to use bitcoins. There is a big risk of losing all assets. It is better to choose not such a risky way to earn bitcoins
I´m a fan of margin lending. For me was a good way to begin trading. The i spent looking at the exchanges where i had BTC on lending orders was a time i spent learning how the exchange worked. So even the profit is low compared to other forms of cryptocurrency earnings, it is pretty good compared to traditional banks, namely in europe with near zero rates. So IMHO the rates are decent and its a good way to learn being in the exchange.
But what if the lender doesn't know how trade bitcoins? Trading is risky and Lending is a stable incomr and you will lose some bitcoins it depends if the borrower runs the money but there is a collateral to put on before you approved in their loan request, He can lend on poloniex but just for low rate but your money is very secured and you can get it whenever you want and it is automated so your money automaticaly transfer in your balance.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
The rate is too small for me. You can get higher rate in this forum but with more risk. You choose higher rank member that can be trusted and ask for collateral for the loan, that way even if you got scammed, you can get your money back. You can get higher income using that btc to trade alt-coin. The movement of alt is good this day and you get net some profit from it. what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
Opening a loan service I think is a very risk, but it would not hurt if you want to try it, started with a small loan with collateral a loan equivalent.But if you have the funds, try to start trading, because I think if you always profit from trading the results are not much different from the loan services.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
No doubt that there are lots of multiple ways for the making earning in unlimited amount but you need to do hardwork with wisely smart hardwork .Here if you will make 0.5 to 5% then your mind can't stop you to be greedy Because this percentage of the Earning is very low and you will get net loss of your time , so here it is more better to Invest your money in the stable.low priced altcoins , so that you can make a real income in the altcoins and bitcoin deals .
But if you have really a big amount of the money in millions then surely you can make better profit without any risk at the Poloniex like exchage .
I have heard about this feature and have also seen on poloniex and rates aren't pretty high and i don't really know how it works and how can it save you from scams. If you want you can instead lend your funds on this forum and you get collateral also. Or instead just trade a few coins on invest in some dice site.
The question is only about lending your bitcoins to make profits and not about investing in other products.
Based on my experience I don't trust any site to manage my funds to give some unknown person because we have heard many scams. So particularly to lend money online I prefer to keep collateral with me in the even if they don't pay back then I can easily liquidate that collateral and get back my money without much hard work. If someone scam on these sites then you need to waste a lot of time to contact their support team to solve the issue.
I have heard about this feature and have also seen on poloniex and rates aren't pretty high and i don't really know how it works and how can it save you from scams. If you want you can instead lend your funds on this forum and you get collateral also. Or instead just trade a few coins on invest in some dice site.
The question is only about lending your bitcoins to make profits and not about investing in other products.
Based on my experience I don't trust any site to manage my funds to give some unknown person because we have heard many scams. So particularly to lend money online I prefer to keep collateral with me in the even if they don't pay back then I can easily liquidate that collateral and get back my money without much hard work. If someone scam on these sites then you need to waste a lot of time to contact their support team to solve the issue.
I have heard about this feature and have also seen on poloniex and rates aren't pretty high and i don't really know how it works and how can it save you from scams. If you want you can instead lend your funds on this forum and you get collateral also. Or instead just trade a few coins on invest in some dice site.
The question is only about lending your bitcoins to make profits and not about investing in other products.
Based on my experience I don't trust any site to manage my funds to give some unknown person because we have heard many scams. So particularly to lend money online I prefer to keep collateral with me in the even if they don't pay back then I can easily liquidate that collateral and get back my money without much hard work. If someone scam on these sites then you need to waste a lot of time to contact their support team to solve the issue.
I have heard about this feature and have also seen on poloniex and rates aren't pretty high and i don't really know how it works and how can it save you from scams. If you want you can instead lend your funds on this forum and you get collateral also. Or instead just trade a few coins on invest in some dice site.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
You can earn more than that if you're going to choose to lend your bitcoin here in forum with some trusted member that has lots of trust rates already you can earn up to 5-10% of each lend anyways its just your decision if you think that makes your money more safer then choose that way there are lots of ways on how you can earn bitcoin from not choosing lending but if you have lots of coins why not? There are tradings that we can invest like ico.what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
You can earn more than that if you're going to choose to lend your bitcoin here in forum with some trusted member that has lots of trust rates already you can earn up to 5-10% of each lend anyways its just your decision if you think that makes your money more safer then choose that way there are lots of ways on how you can earn bitcoin from not choosing lending but if you have lots of coins why not? There are tradings that we can invest like ico. 
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
If you try to lend bitcoin of course this will be a very tantalizing thing. Will be a lot of interested enthusiasts who want your services. But you must take the risk that could happen, could you find a customer who escaped somewhere. Oh yes, do not forget that you have to have a large enough capital to open a service like this. 
You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.
I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.
This is a nice diversion instead on going to lend or use your money on poloniex better to go solo when you tend to build lending service and as just said you can possibly earn even more here on this forum but be sure on selecting legit guys over here because there are lots of scammers lurking.Lending business is profitable but the risk is very high but if you can handle it well and manage it with ease then there would be no problem at all. I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
I mean, those gains sound MASSIVE. 2% a day? I have a hard time believing that... Polo only shows like 0.11% right now.There were some deals reaching 0.2% per day too thats why OP said 0.5-2% atm per day. Lending may be one of the easy way to make money when you have some money but it is risky too so be cautious to whom you are lending and what is the collateral.
Thata true and it depends on trend and situation. There are days that interest is far lower from that, something like .0xxx% . Thats why better check your portfolio to update with lending rates.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
I mean, those gains sound MASSIVE. 2% a day? I have a hard time believing that... Polo only shows like 0.11% right now.There were some deals reaching 0.2% per day too thats why OP said 0.5-2% atm per day. Lending may be one of the easy way to make money when you have some money but it is risky too so be cautious to whom you are lending and what is the collateral.
A deposit can secure the safety of your coins, but there are a lot of problems with it. You will have to implement it to get your money back.
I least like the idea of lending. Too much risk
I'm only use lending service in Poloniex when don't have much time trading and only once, what I have earn is not so much, But still profitable than just keep my funds in Poloniex, but that's not the best way to get Bitcoin because the rate is small.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
I mean, those gains sound MASSIVE. 2% a day? I have a hard time believing that... Polo only shows like 0.11% right now.There were some deals reaching 0.2% per day too thats why OP said 0.5-2% atm per day. Lending may be one of the easy way to make money when you have some money but it is risky too so be cautious to whom you are lending and what is the collateral.
what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
I mean, those gains sound MASSIVE. 2% a day? I have a hard time believing that... Polo only shows like 0.11% right now. I´m a fan of margin lending. For me was a good way to begin trading. The i spent looking at the exchanges where i had BTC on lending orders was a time i spent learning how the exchange worked. So even the profit is low compared to other forms of cryptocurrency earnings, it is pretty good compared to traditional banks, namely in europe with near zero rates. So IMHO the rates are decent and its a good way to learn being in the exchange.
But what if the lender doesn't know how trade bitcoins? Trading is risky and Lending is a stable incomr and you will lose some bitcoins it depends if the borrower runs the money but there is a collateral to put on before you approved in their loan request, He can lend on poloniex but just for low rate but your money is very secured and you can get it whenever you want and it is automated so your money automaticaly transfer in your balance.Jump to: