Bifinex funding

Pages: [1]
Author Topic: Bifinex funding  (Read 1527 times)
jagas
Has experience
**

Karma: 8
Posts: 248


View Profile

jagas

Bifinex funding
« on: April 30, 2019, 10:20:16 AM »
0

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
Logged
pythonic
Gaining experience
*

Karma: 6
Posts: 61


View Profile

pythonic

Re: Bifinex funding
« Reply #1 on: April 30, 2019, 11:04:44 AM »
0

Investments that sound too good to be true usually are not true.
Are you talking about bitfinex, the crypto trading platform?
Logged
dealer wins
Totally Pro
*****

Karma: 35
Posts: 968



View Profile

dealer wins

Re: Bifinex funding
« Reply #2 on: April 30, 2019, 11:24:44 AM »
0

Its a complete scam and you will lose every cent you send them.  !!!
Logged

Never trust a goose!!!
ArberPro
Has experience
**

Karma: 15
Posts: 219



View Profile

ArberPro

Re: Bifinex funding
« Reply #3 on: April 30, 2019, 11:35:29 AM »
0

Are you sure you are in arber ? Because you re math is completely  wrong.
It says 0.07% .
From you re calculation it's 7% interest
« Last Edit: April 30, 2019, 11:42:35 AM by ArberPro » Logged
jagas
Has experience
**

Karma: 8
Posts: 248


View Profile

jagas

Re: Bifinex funding
« Reply #4 on: April 30, 2019, 01:22:36 PM »
0

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
Logged
X_Gambler
Gaining experience
*

Karma: 5
Posts: 68



View Profile

X_Gambler

Re: Bifinex funding
« Reply #5 on: April 30, 2019, 02:46:34 PM »
0

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?
Logged
jagas
Has experience
**

Karma: 8
Posts: 248


View Profile

jagas

Re: Bifinex funding
« Reply #6 on: April 30, 2019, 03:07:55 PM »
0

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?

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.
Logged
pythonic
Gaining experience
*

Karma: 6
Posts: 61


View Profile

pythonic

Re: Bifinex funding
« Reply #7 on: April 30, 2019, 09:12:32 PM »
0

Bitfinex is also being sued by its regulators currently and has possibly lost hundreds of millions.
Just saying.
Logged
Pages: [1]
Print

Related Topics

  Subject / Started by Replies Last post
6 Replies
3982 Views
Last post January 19, 2015, 12:26:54 PM
by qbet
9 Replies
5025 Views
Last post March 15, 2016, 08:50:51 AM
by GONZALITARIAN