Author

Topic: Getting 250% more BCC by buying BTC on margin on Poloniex during Fork (Read 801 times)

legendary
Activity: 3808
Merit: 1723
Lending rates are already skyrocketing on Poloniex

https://poloniex.com/lending#BTC


Kraken is also doing the same

Bitfinex on the other hand is doing the opposite and credditing the lenders not borrowers.
sr. member
Activity: 279
Merit: 250
There's also a good chance they will pretend ignorance like the Stellar airdrop.
legendary
Activity: 3808
Merit: 1723
According to Poloniex,

https://poloniex.com/press-releases/2017.07.24-Our-plans-to-handle-potential-BTC-network-disruptions/

https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/


There is a good chance they will list BCC after the fork. Seems like this is the same scenario that we all missed out on during the ETH/ETC fork.

Consider the scenario
Quote
Alice shorts ETH by borrowing 200 ETH from Bob and selling it to Carol
Carol, who used her own BTC to buy 200 ETH in the spot market, withdraws all 200 ETH to her Mist wallet
Alice now owns Carols BTC
BCC Hard Fork occurs
Alice now receives BCC
Alice closes her short by selling her BTC and buying back ETH and sending it back to Bob.

OR you don't even have to take a trade

Quote
Alice places a bid to buy ETH at 0.0001 ETH/BTC and sends it to the market
During that time Alice borrows BTC from Carol
BCC Hard Fork occurs
Alice now receives BCC
Alice cancels her ETH order
Carol gets her BTC back from Alice with interest


PS, this is highly speculative... do it at your own risk.


Jump to: