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/biz/ - Business & Finance


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11142280 No.11142280 [Reply] [Original]

> Loan out 2000 USDT
>actually be good at trading
>turn 2000 usdt into 2500 usdt
>pay back loan with 0% interest

What am I missing biz?

>> No.11142303
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11142303

>loan up to 100000 usd

>> No.11142520

bump

>> No.11142657

>>11142280
I’m confused, are you lending money or borrowing?

>> No.11142669

>>11142657
You can do both as far as Im aware, but I meant borrow in this post*

>> No.11142690

>>11142669
If I lend money, am I guaranteed repayment?

>> No.11142700

>>11142690
If so, this would be a great way to short /biz/.

>> No.11142729

>>11142700
Just looked this up so lending wont be a feature until Q4, but you would definitely be guaranteed your money back as the borrower must pay a collateral equal to the loan amount + 30% or so...

>> No.11142753

>>11142700
Shorting /biz/, if only there was a way to do it now, kek

>> No.11142771

>>11142280
sorry, your shilling for this isn't gonna work. i decided to back out from your last post. the market-cap and volume are too high. if it mooned even a 2x it'd be in the top 100. not gonna happen for more than a PND. bye.

>> No.11142841

>>11142771
It has a 10 mil marketcap, 9.6 billion circ supply? 2x puts it in top 200, 3x puts it in line with its competitors salt and nexo...
How is volume too high?

>> No.11142877

>>11142729
>the borrower must pay a collateral equal to the loan amount + 30% or so
wtf is the point of getting a loan if you have to pay 130% in collateral? you have less money available than before you took the loan

>> No.11142916

>>11142877
you still own the collateral anon, if you're holding eth anyways might as well leave it as collateral and play with the USDT loan right?
You expect them to give hundreds of thousands of dollars to anons for free? great business model.

>> No.11142944

>>11142877
Salt requires like 300% as collateral, remember how big that got during last boom?

>> No.11143450

>>11142916
So if I default on the loan they just keep my crypto? No filing bankruptcy?

>> No.11143467

just lend on bitfinex like everyone else

>> No.11143470

delete this

>> No.11143477

>>11143450
yep that's the point of collateral

>> No.11143497

>>11143470
shut the fuck up man this is an old technique which now back fires and screms SCAM SHIT COIN TO AVOID.

>> No.11143550
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11143550

>>11143497
stop