Post
Topic
Board Speculation
Re: bitfinex interest rates
by
tysat
on 06/01/2014, 03:56:11 UTC
Fairly new to bitfinex but a long time lurker Smiley

That's madness, it implies at least a 25 times gain in bitcoin price per year.

I don't see the math??

current lending rates is around .2%/day
.2%*365days=73%/year

that's less than a double per year to profit

You didn't compound the interest, it's 0.2% ^ 365 which comes out to about 206% yearly.