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/biz/ - Business & Finance

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13818987 No.13818987 [Reply] [Original]

>borrow from a "lending platform"
>run away without leaving a trace
>???
>profit!
Please enlighten me

>> No.13819006

>>13818987
This is what I don’t get,
What if they loan me one bitcoin at 8k but it moons to 20k what do I owe them

>> No.13819022

>>13819006
Either 1 btc or 8k...

>> No.13819026

You have to offer collateral , numb nuts

>> No.13819043

>>13818987
They don't give keys... Just lets u leverage them at risk.

>> No.13819066
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13819066

>>13819006

It’s called trading on margin you fucktard.

Secondly, unless they lender is also a fucktard they’ve taken steps to fuck you harder than you think you can fuck them.

>> No.13819124

>>13818987
P _ _ z _

>> No.13819198
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13819198

>>13819066
That’s why I don’t buy into any of this shit
I buy my own coins hold my keys and that’s it.

>> No.13819302

>>13819198
What the actual fuck are you talking about son

>> No.13819331

>>13819198
BASED AND FROGPILLED

>> No.13819349

There will be a lending platform based off of social trust without putting any collateral down. Sure hope it doesnt get sybil'd.