Post
Topic
Board Lending
Re: New Poloniex Lending Bot Automation
by
bruno222
on 19/06/2017, 12:15:00 UTC
you should be more concerned about how long your loan offers are sitting in the lending book

You're right! The Bot does make loans every 0.01 BTC amounts. So the logic for this is:

RULE 1: If I only have 0.01 in my wallet, so the Loan Offer can sits a while in the Lending Book, waiting for the best offer. Here I Loan for 15 days.

RULE 2: If I have more then 0.01, then the Bot tries to get the almost-best-rate. The point here is: Get the Loan as fast as can! Here I loan for only 2 days.

In the end, most of my loans goes to the logic RULE 1, so I am getting the best landing offer in average... Once a while, when Poloniex cancel a lot of Loans at once, then the RULE 2 came in, making Loans not in the best rate, but prioritizing the "Less time siting on the Loan Booking"

I would also point out to you that it is expected that a number of forks are expected to take place on the Bitcoin blockchain within the next couple of months...
... advised to keep your BTC on poloniex past late July.

I read that yesterday. What is your advise here?

1. Convert the BTC to FIAT?
2. Convert BTC to any other AltCoin?
3. Just leave the BTC in the wallet?

I am looking for the most secure option, not the option to earn more BTC around the fork speculation. I am not  an adventure investor. I think the #1 is the most safe, right?

Thanks mate!