more and more people are realizing 10% interest a month on bitfinex will almost certainly make more than long term btc holding.
At 10%/month (what I've been making at finex), btc would have to be 6000 in 2 years.
At 10%/month (what I've been making at finex), btc would have to be 6000 in 2 years.
I doubt most lenders lend out for months given the risk of goxings. Most are just lending out for a brief period.
I have to agree -- given the volatility of bitcoin and the track record of exchanges, I can't imagine people just want to throw their savings onto BFX (LOL) and lend it out indefinitely for rates that very well may considered usurious in many jurisdictions. I do keep funds there (I spread across several exchanges), so when I sell too early (
) I lend out 2 days at a time. But always nervous, doesn't feel good being locked in those contracts....