Post
Topic
Board Speculation
Re: This Bitfinex Credit Bubble cannot end well
by
windjc
on 30/06/2014, 02:01:55 UTC
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.

That rate is not sustainable.

And I don't think you fully realized the amount of risk you have taken.

I don't think many of the lenders have. It's all good if we see another raging bull market, but if not, this could seriously all end in tears. Best of luck to all the lenders there.

You obviously have no real world experience with Bitfinex. Time and again, they have protected their lenders from flash crashes. But if you are too damn lazy to have done the research to even know these well known facts before coming into this thread and sharing your ignorant opinion, then I'm not going to be the one to enlighten you.

I have no problem with Bitfinex protecting lenders over traders. I would do the same thing.

But, whatever, fools going to fool.