Hello,
So for one week now i have been reading and following this because we arbers need addidtional investments and source of fund. Bifinex informs that one can get interest per day or week when you lend out money to other investors to invest for you. I can see an interest return as much as 0.077% per day. So i started Lending.
For a start, i added 1000 dollars for lending, hoping to get 0.07 x 1000 per day = 70 dollars per day, and i am wondering why is everyone not doing this?
since it is risk free or am i missing something
Bifinex funding
- pythonic
- Gaining experience
- Karma: 9
Post
Re: Bifinex funding
Investments that sound too good to be true usually are not true.
Are you talking about bitfinex, the crypto trading platform?
Are you talking about bitfinex, the crypto trading platform?
- dealer wins
- Totally Pro
- Karma: 43
Post
Re: Bifinex funding
Its a complete scam and you will lose every cent you send them. !!!
Never trust a goose!!!
- jagas
- To become a Pro
- Karma: 11
Post
Re: Bifinex funding
well guys, that is why i am asking. You can login to Bifinex and check on the funding. Peer to peer Lending.
I am asking alot about this and trying to get more information and of course i know about the too good to be truth thing
I am asking alot about this and trying to get more information and of course i know about the too good to be truth thing
- X_Gambler
- Gaining experience
- Karma: 7
Post
Re: Bifinex funding
Your calculation is off, you will get 0.7$/day (instead of 70$/day).
This rate is only applicable to BTC. The price of a bitcoin is fluctuating more per day
The key question I would ask myself : how confident are you in storing huge sums on crypto exchange who are not protected by a deposit insurance?
This rate is only applicable to BTC. The price of a bitcoin is fluctuating more per day
The key question I would ask myself : how confident are you in storing huge sums on crypto exchange who are not protected by a deposit insurance?
- jagas
- To become a Pro
- Karma: 11
Post
Re: Bifinex funding
Thank you, i just found out about that calculation some few minutes ago from someone using same method. It is nice though because it is kind of risk free but like you pointed out, that question has to be considered and most importantly the unsteady price of bitcoin because if you are at the downside, all you daily percentage will disappear with it even when you are paid.X_Gambler wrote: Your calculation is off, you will get 0.7$/day (instead of 70$/day).
This rate is only applicable to BTC. The price of a bitcoin is fluctuating more per day
The key question I would ask myself : how confident are you in storing huge sums on crypto exchange who are not protected by a deposit insurance?
- pythonic
- Gaining experience
- Karma: 9
Post
Re: Bifinex funding
Bitfinex is also being sued by its regulators currently and has possibly lost hundreds of millions.
Just saying.
Just saying.