it's ok, i learn from few trades liao

each trade if got ppl take my offer, which loan automatically, i earn few cent coz i just testing lending like 0.1 bit coins, lol~
of if i lend for 1 coin n above, everyday day i can get at least $1 dollar

and just now already make money from lending.. lol, cover my transfer fee that i transfer bitcoin from other site

am learning their margin trade, lending..

so far is fun if we dont be greedy

I can summarize for Poloniex :

For margin trade, you can take like a loan from other trader to buy bitcoins. depending on the loan interest offer, then your profit - interest - fee = total profit

loan interest rate you can set 0.00001% - 10%?

For lending, you offer your rate to anyone who want to lend your coin ( which is margin trade ) , % interest you set yourself.
There is a minimum you must lend, example bitcoin = 0.01unit , with minimum lending of 2 days to 60 days

i lend out 0.05 unit with 0.07999% for 2 days .

Example :

Coin Rate Amount Duration Auto-renew Type Date Fees
BTC 0.0799% 0.04941362 2 Days Off Provided 2017-05-11 06:30:53 0.00000562 BTC
BTC 0.0699% 0.04550326 2 Days Off Provided 2017-05-11 06:12:36 0.00000493 BTC

that's the example of FEES i earn not bad for a non miner XD

for further information below

Poloniex Margin trade or lending

This post has been edited by blueblueoutofblue: May 11 2017, 05:58 PM

You can try coinhako.com
You can buy ETH directly using MYR/ SGD

You can do direct bank transfer but takes 1 working days

If you have sgd account , can try xfer

I always trf from my Bank acc to xfer , and xfer to coinhako without any fee incurred and it takes only 1-10minutes

From what I know, your lending actually to the trader who perform margin trading . For margin, they can trade up to 2.5x of their capital. There is a force liquidated if their loss already reach certain threshold, which their capital not enough to sustain the loss , will be sell off, and the lending they get from you will be return, albeit I believe lower interest 😂

Borrower can never defaulting from what I see their system set up.

Wait for $80 like 2 days ago then I buy muahahhaa

Nobody knows for sure whether BTC going to rally or not.

As one of the sifu said, invest with the money you can lose, and take it as another form of saving.

ETH is good for current market value, not too expensive, and still have potential to grow together BTC.

other altocoin also not bad, like most forumer here expecting Ripple to become next big thing.. lol

coinhako BTC value is lower compare Poloniex...

lol, if i transfer btc from coinhako to poloniex, after the fee, my btc value at polo become instead of lower become higher.. lol

Example of yesterday total lending interest i earn : 0.00003766
based on current price : 1800 x 0.00003766 = 0.06768

this is based on i am only lending btc 0.12579722 for trial...

if i put btc 1.2579722 for lending.. it's about 0.06768x10 = 0.6768/day = 20.304/month

that is assuming everyday got people take my loan offer

p/s : i put loan interest offer ( 0.0699% and 0.0799% )

so, if you have quite a lot of bit coin to spare, try lending it to ppl and put attractive interest lol...

( we are unofficially "ah long" )

BTC dropping ... and my hands itchy again...

am using coinhako since it link to my singapore account..

since i can trf btc from polo to coinhako and make withdrawal.. fee only $1 lol

i reckon in future more government will adopt bitcoin in their day to day currency flow..
Ripple isn't?

Australia is coming soon too...

Bitcoins and other altocoins will still be going strong from what i see... unless something scary and big happen to whole world network....

i saw a loan open , btc 517.29 for 0.49% loan... lol

what a rich fellow, got 517 coin to lend

btc drop below 1780 now...

Morning folks
BTC drop to $1710 mark

For those who has cash you know what to do

Don't la if drop below 1700 then my BTC value also drop le

Come on BTC, hit 2000 mark by end of May !

The margin trade at poloniex, the unrealized P/L , although the green indication means you are gaining profit but hold on !!

Remember there is lending fee + 0.25%/0.15% ?

Well the Unrealized P/L has deducted the lending fee ( u can check ur taken from other at Lending option ) it does not include the 0.25%/0.15% fee.

Example : you place margin sell at 1.00000 XRP/BTC, you are looking the price drop below 1.00000, anything drop below 1.00000 you are getting profit.

If it drop to 0.90000 , u profit for 0.100000 - lending fee depend on loan interest you take .

The 0.25%/0.15% is actually based on ur 1.00000, which mean, in order really to gain profit u need to have 1.00000 - 0.0250000 = 0.975000 , if you sell between 0.999999 - 0.9750000 , u r making a loss...

This is what I observe for past 3 days...
The trap that polo set for margin is that, you have to manually calculate before you sell it... you cannot rely on its indication on unrealized p/l .. unless you already know you need to make 0.0250000 and above to really get the profit...

My LTC , XRP n XMR suffer this 0.25/0.15% LoL

Gosh, this is terrible... ok, stockpile my cash ready for the Attack

BTC now below $1700

you can buy other altcoins...

my altcoins not affected much compare to bitcoin atm