Why are you not lending on Polo?
>>1241043
> pic related
>>1241043
Because I'm already lending on a dozen platforms in my national currency.
>>1241046
How much btc did you make in how much time and how big is your stash?
>>1241047
Can you emphasis?
I'm personally looking for more platforms to lend on.
>>1241049
Used $200 and made 0.18 in a day...
Use $10,000 at that rate, as some do, you'd make $9 a day, and $273.75 a month. I'd personally do that, but I'm afraid Polo will shutdown as Mt.gox did. Wish there was BTC insurance of some kind.
But I've seen some people lending $50,000. That equals about $20,000 a year.
And if you're mining at the same time. For example with 3 280Xs, you'd make $250 a month as well.
>>1241067
Well that's pretty neat-o. Is there ever a risk that the borrower won't pay back?
>>1241086
No.
1st the money you lend is broken up across various borrowers.
2nd Polo will freeze the account, not allowing withdraws, until their debt to POLO is paid back - not you. Meaning if they're loosing money, Polo will freeze their account and pay you back without interest.
>>1241086
The only risk is that Polo gets 'hacked' and all your crypto is stolen.
>>1241043
DELETE THIS
you're going to force rates down
>>1241111
So if i lend 10 BTC, can a single user borrow that 10 BTC? OR does Polo break it up and lend it out across multiple users?
Or do i have to manually lend smaller amounts? I don't like the idea of lending one shitter $4,000
>>1241829
it's just first come first serve . if someone wants to take 10 btc for their margin they could take it all, but usually it's divvied up. you can do it manually if you want as well
Current loan demand rates don't look as good as on your sheet on their site.
currently lending 30btc using the polo lending bot from github. Easy cash friends
>>1241829
Polo sucks cuz you have to do it manually. Use Bitfinex which has an auto renew feature which automatically lending out your usd, btc or eth with the best interest for you. Here's a guide medium.com/@ethereumvn
Get your life together https://www.genesis-mining.com/a/273276 3% off promo code woJXzj mine
forever
My Polo progress with using the python lending bot from github running on a cheap vps 24/7.
>>1241043
Dont post this you stupid idiot, rates will drop
>>1241067
$0.18 ?
I put about 7$ on
https://hashocean.com/?rid=374205
and got some referals friends, now i have about
30$/month and use to invest in coins on polinex
>>1242197
You threw down 7 bucks and now have 53?
>>1242207
>being this much of a curmudgeon
Well, I'm going to take my stash out of cold storage and do it. Fuck it.
If a major exchange gets hacked the price of crypto will take a shit anyway.
>>1241046
How the shit did someone take out a loan at 0.0517% 2 days ago?
bump for more information and discussion
>>1241043
Realistically what can I expect to make in one week with $25 of btc as an experiment?
