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RE: The quest for guaranteed BTC returns and lending with poloniex (beginners guide)

in #steemit7 years ago (edited)

Lending is safe depending on market conditions. If the price of bitcoin is falling people will only be delighted to "short" your bitcoin. (Getting at 2500$ returning at 2450$)

It is a great way to make a nice steady profit if your holding long.

I personally would prefer to short my own shares and maximize profit.

EDIT: Of course the opposite is always possible. It is a good idea to keep an eye on the volume of loans. If they are very cheap it is an indicator the price is going up.

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indeed. in which case my bitcoin is going up in value as well, plus the small amount of interest im making adds to that. win/win. im definitely in this for the long haul :)