Crytocurrency

Great! Wengherng, are you going to put updated crypto currencies information in the first post? If not, I can help later on if free. Can post in this 2nd post and delete later on after you copied to first post. Of course, contribution from everybody would make the information more complete. smile.gif

Anyway, into the journey of exciting crytocurrencies, I just discovered that I could lend my available coins in Poloniex. I mean, my coins are just sitting there doing nothing. Apparently, different currencies have different rates according to demand. Of all the ones I have, DASH has a lending rate of 0.08% over 2 days (as of last night). I'm not too sure how it works but if I were to calculate the effective rate, it would be 14% per annum!

Of course, this is provided that I can lend every 2 days (can specify how long) and the rates are stable. The thing is, I just quoted a lower rate and it was snapped up within minutes! I tried lending ETH and it was also snapped up. ETH howeve had much lower lending rate, something like 0.025% over 2 days. And the lending can auto-renew without us offering the loan every other day.

I did ask the moderator whether there was any risk in lending. They said minimal risk as they have safeguards to protect the lender. I think definitely there are risk especially if the borrower bought coins that later on crashed but I also think it is minimal.

Anyway, will see how it goes. Instead of just keeping the altcoins in exchanges (because no hardware wallet!), might as well grow some money!!! biggrin.gif

Note : Now I regret not getting more DASH. It shot up last night!!!