Does any of you have idle btc on Poloniex?

[Gendarme]

With this interest it takes less than a month to double up your capital. I do think it is a bubble too, but it is completely irrelevant to this. These high rates are just due to the volatility of the market that daytraders abuse and are ready to pay a good interest rate to get money to play with on the market.

Basically, the profits you gain from this interest are from the losses of some daytrader in the market.

[deleted_user0]

When you hear dumb girls discussing in real life parties how you can create infinite profit by investing on cryptos.... you know the bubble is going to pop

There is no such thing as infinite profit.
I would rather say that those who completely ignore cryptos are dumb.

That's the point...The most people expect huge profits but in the end trading currencies is a zero sum game... Cryptos are a bubble and investing them in 2017 is completely dumb.

[Snuden]

Can you explain why it is dumb to invest in crypto in 2017?

[Gendarme]

The only real thing I am afraid of is that this website isn't particularly trustworthy. Their customer support is apparently as shitty as can be too, apparently.

[Snuden]

Yes, that's an issue with all the exchanges, which is why I decided to test it :)

Just 15 minutes ago I got 3 loans back (which I started 2 days ago) Since withdrawal of btc is disabled atm, I traded my repaid loans into ETH, those ETH I sent to a currency exchange (directly from Poloniex to Currency exchange) The exchange will then send my money by moneygram, which I can go pick up tomorrow morning.

Poloniex sent the ETH within seconds. Its only $700 but it shows a sign of legitness.

"Complete ETH 3.61062954
2017-08-01 13:41:24
Address: 0xbb383ca9fca13cd3caae0a187d348d7f23409ec2
Txid: 0xd67228588bd46b7d7a0c0fff125777000546e443ea05792541d4f558c1dc476a"


21

[Gendarme]

What wallet are you using? Electrum seems to be a popular one, and it doesn't support ETH as far as I can tell.

[Snuden]

I use blockchain.info it dont support ETH (I think) which is why I sent from Poloniex and directly to the currency exchange.

[kami_ryu]

-- deleted post --

[Gendarme]

Bitcoin mining profitability calculator

[dietschlander]

Why do shady people propose me to install bitcoin mining servers in my house?

[kami_ryu]

-- deleted post --

[Snuden]

Bitcoin mining profitability calculator

I'm not sure what my hash rate is; looks like there's some stuff to be maybe made?

No way Bitcoin is profitable though

Mining btc is for the real players

[dietschlander]

I''m sorry I have absolutely no idea what this financial opportunity really is (might be to dumb) but I can barely bear the fishy smell.
Sunday I watched TV show of tourists getting scammed - same smell.

[Snuden]

There is nothing fishy about the alt coins as in "This coin is a SCAM!" at least not for the bigger currencies.
Where things do get fishy is because of the anonymity of the transactions, it is perfect for people who is up to no good - the drug bazar "The Silk Road" springs to mind

[Gendarme]

Hmm... looks like these high rates were temporary. It is back down to negligible crap right now.

[Snuden]

Yea :(

[Snuden]

@Gendarme are you profiting on the btc value?

[Gendarme]

I don't have BTC anymore. I only wanted to use that insane lending rate but I was too late. For normal investments I'd just buy company shares.

[Snuden]

Oh, dont look at the charts then :)