Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
deisik
on 07/11/2017, 10:00:27 UTC
One such use case I just mentioned, i.e. receiving B2X tokens in a safe way

I might be proved completely wrong but I'm personally not concerned about the fork having an adverse effect on BTC price. I understand there are risks but my assessment is that it one that I'm willing to take so I'm just leaving my BTC lent out. The BTC I have lent out is for the hodl, I'm not selling anytime soon. The interest rates are already starting to increase as I think many are taking them out of lending so I'm just benefiting from that.

There might be a dramatic squeeze when Bitcoin futures are allowed since it doesn't take a lot to bring Bitcoin down Soros style (even if temporarily)

The CME announcement last week could have a huge impact, in fact, I'm convinced it has far more to do with breaking $7k than the fork does. I'm hoping they get the necessary regulatory approval because I'm itching to day trade BTC futures on a real trading platform. It will be scalplicious

What do you mean by "scalplicious"?

Maybe, you wanted to say spectacular? That I certainly agree with. Regarding Bitcoin funding interest rates having started to rise, I think this has more to do with the expectations of Bitcoin price going down (which is opposite to what you might think). People borrow more when they want to short, that basically means they expect Bitcoin prices to go down, and not rise in the nearest future. For example, USD rates are up when Bitcoin goes up since it makes perfect sense to borrow dollars and buy bitcoins with them. It works in reverse as well