Bitcoin loans are now very affordable and as ETH bubble seems to be bursting there are plenty of bitcoins available now for margin long positions.
If you believe the price will rise faster than you need to pay interest, you might want to take a small long position...?
If you believe the price will rise faster than you need to pay interest, you might want to take a small long position...?
For those new here by careful when listening to TrueCryptonaire. Usually when he wants to sell his Monero, he talks very bullish and when he wants to buy Monero he talks very bearish.
At one point he basically admitted this in his signature. Many of us enjoy his commentary as it is sometimes funny. Just be cautious about following his trading advice.
Good point but I am not trading anymore. I am active in lending markets and face the hardships of getting decent interest rates from bitcoin side and the coins keep piling up.
I have not been trading for long time anymore. Just buying if it hits 0.001.
This is another reason why you are my favorite so called "troll". You sometimes make useful points. Margin trading and lending on Poloniex has four major flaws:
1. Lack of margin/open interest data being published
2. Uneducated lenders giving loans at rates that are far too low
3. Poloniex has a fee share structure for P2P margin loans that is far too high
4. At least once they rolled back some trades (resulting from cascading margin calls resulting in a flash crash of a certain popular alt) which I view as an attack on the immutability of their trading ledger.
Regarding # 4 the Gemini Exchange did something similar (attacked trade immutability by rolling back trades when someone made a fat finger mistake and misplaced a decimal) which is a good reason to use decentralized exchanges like bitsquare instead