also, i thought the title was ironic...
Topic: How To Capitalize On The Bitcoin Frenzy WITHOUT The Risk (Read 4599 times)
wonder what happened to this guy?
also, i thought the title was ironic...
also, i thought the title was ironic...
coinlab already transferred some of the big gox customers and all is smooth and everything does work. why would official opening date have any problems?
Ok, remember, I'm admitting I'm the new guy so be gentle. But why is Coinlab opening, and thus in theory bringing more fiat currency to the market through supposed ease of use, bad for his play? It seems to me that he would want to acquire more and stay long in that case.
What am I missing or lacking in understanding?
J.
Perhaps it is the uncertainty of how smoothly the transfer will go.
Remember, MtGox drops $30 in a few minutes based on a bit of lag. If the transfer caused a few hour/days crash...good bye rally.
I see... then I will begin working to have some cash available to buy the dip then.. Thanks for the heads up, now I can be more prepared.
Don't forget to take out a 2nd mortgage on your dads house, might be able to turn $50k into $500k and then your dad will be happy.
hahahah that's brilliant! Good idea!
Lent at 760% yearly for 8 days. I sure hope I will not have to regret this.
Your only risk is that the site owner disappears with your money.
But when I checked there was over $600k being lent out. It appears that the site is making money so more than likely the long term gains of having a good company that makes money is better than stealing everyone's money then trying to hide out from the legal ramifications.
Lent at 760% yearly for 8 days. I sure hope I will not have to regret this.
Ok, remember, I'm admitting I'm the new guy so be gentle. But why is Coinlab opening, and thus in theory bringing more fiat currency to the market through supposed ease of use, bad for his play? It seems to me that he would want to acquire more and stay long in that case.
What am I missing or lacking in understanding?
J.
Perhaps it is the uncertainty of how smoothly the transfer will go.
Remember, MtGox drops $30 in a few minutes based on a bit of lag. If the transfer caused a few hour/days crash...good bye rally.
Ok, remember, I'm admitting I'm the new guy so be gentle. But why is Coinlab opening, and thus in theory bringing more fiat currency to the market through supposed ease of use, bad for his play? It seems to me that he would want to acquire more and stay long in that case.
What am I missing or lacking in understanding?
J.
Your risk isn't the market or trader risk, your risk is a possible hack. But because you're holding fiat in the system, and not Bitcoins it would be very hard for the hacker to move that fiat out of the system.
No Fiat on any exchange is safe, if its a exchange all fiat can be converted to BTC, Bitfinex has a API connection to GOX, so all fiat could be moved to BTC and then withdrawn. This is a possibility perhaps?
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
Completely irresponsible and wrong bet you made. Lucky for you you'll win this one if you sell before May 6th, and you got in below 145. Don't let that win embolden you to do it again.
What's special about May 6th?
I'm not but lets get back to pointing and laughing at the OP
Posts like these makes me feel we are close to topping. What a irresponsible, greed fueled decision...
Edit: I mean the post about maxing his father's creditcard.
Edit: I mean the post about maxing his father's creditcard.
Surely he's trolling, he cant be serious.
Posts like these makes me feel we are close to topping. What a irresponsible, greed fueled decision...
Edit: I mean the post about maxing his father's creditcard.
Edit: I mean the post about maxing his father's creditcard.
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
Completely irresponsible and wrong bet you made. Lucky for you you'll win this one if you sell before May 6th, and you got in below 145. Don't let that win embolden you to do it again.
Relax my friend, I am incredibly risk averse and only went into bitcoin because I had this feeling it was a winner. Sometimes you gotta learn to trust your instincts
"Had a feeling"... famous last words.
Trade on your own credit card with your "feelings".
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
Completely irresponsible and wrong bet you made. Lucky for you you'll win this one if you sell before May 6th, and you got in below 145. Don't let that win embolden you to do it again.
Relax my friend, I am incredibly risk averse and only went into bitcoin because I had this feeling it was a winner. Sometimes you gotta learn to trust your instincts
Don't forget to take out a 2nd mortgage on your dads house, might be able to turn $50k into $500k and then your dad will be happy.
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
Completely irresponsible and wrong bet you made. Lucky for you you'll win this one if you sell before May 6th, and you got in below 145. Don't let that win embolden you to do it again.
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
Please tell me you're joking...
If there were guaranteed profits of 300-500%, people would be doing it themselves and not giving the profits back to you.
Don't say people didn't warn you.
Don't say people didn't warn you.
While nothing is guaranteed, this is a very shortsighted view and plain ignorant way to look at things.
"doing it themselves"
...Is not an option period. Traders need speed and liquidity. And lenders need a intermediary to protect their loan with margin requirements and position liquidations if necessary.
Bitfinex simply provides the platform for doing that.
The reason for such high loan rates right now is because there is high demand and few loans. As soon as more loans enter the system then the opportunity decreases.
As with all investments, those who recognize value first get the biggest advantage.
There's no way this opportunity will continue forever.
So why not get a real loan in the real world and then lend it out on Bitfinex? You'd make a shedload of cash, especially if you kept quiet about it keeping the interest rate high since d > s?
Right? I mean that's what I would do if I didn't believe this site would eventuallt make off with your cash
That is a very doable arbitrage play right now. Do it.
I've maxed out my father's credit card to buy my bitcoins. Hopefully I'll make enough money that he won't get mad when his bill comes at the end of the month
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