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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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2745702 No.2745702 [Reply] [Original]

There's 12,000 BTC worth of loans available on poloniex right now.

Can some experienced /biz/nessmen explain what makes people take more loans at higher rates, because it went from 5,000 BTC at an average of 0.1% yesterday, to 0.047% today and it's still going down while the amount of BTC is climbing. Is 12,000 BTC even a lot? Will we reach a point where there will be enough available BTC for everybody with extremely low interest rates since even more people are gonna start lending?

When do people usually borrow a lot? During volatility? Please explain to a newfag.

>> No.2745757

>>2745702
Yes during volatility. When a price is fairly horizontal for a while it is more difficult to long and short.

>> No.2745983
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2745983

>>2745757
Just found out about it a few days ago and we're having the worst rates since months. Exactly my type of luck deh-soo.

>> No.2745989

>>2745983
the u in desu is silent, dehs.

>> No.2745999

>>2745702
Everyone's closing their margin positions. No one knows wtf is going on at the moment.

>> No.2746086

>>2745989
Yes, I know. I write it that way so it's less confusing. Not many ppl would know what "dehs" or "dess" stands for.

>>2745999
All we can do is wait then.