Lending on exchanges

in #life7 years ago

where do I begin ,these assholes say, "start a passive income with lending on exchanges" Shiiiit, I figure I will get my feet wet and see if it has any potential. So I put about 700 dollars in and the 1st day I make it all out in 50 dollars loans for 2 days at the going highest Interest rate which is in decimals to begin with naturally I should have been red flagged right there ,but everyone says this is suppose to be high risk for high returns .So I don't think nothing of it and I tell myself they must be putting it in decimals for easier calculating b/c everyone knows that you just multiple decimals by 100 to get the percentage rate ,b/c the truly could not be offering to borrow my money for only 0.079% it would have to be a mistake and be 7.9% when you move the decimal 2 places to the right ...So I keep making these loans for 4-5 days over and over and I can't see my total raising at all after each loans ends I still have the same amount . Naturally after making 12 to 14 successfully completed loans I should be seeing some profit where would I find this total so I can see my returns .I scan the site and I find the place where you can see the report that give my total and my Jaw Drops when I see the return from each 1 .....2cents, 5cents, 2cents ,18 cents OH and the largest of them all 28 cents for a $400 loan.....high returns my ASS..the only people getting rich on my money is the Margin traders using it and exchange where my crypto funds are sitting b/c they are probably doing the exact same thing a bank does when you stick your cash with them ...I'm not even getting the same interest rate a bank would give me to sit my funds in a saving account .....So people do me a favor and please either show me what I am doing wrong or quit lending these Assholes are hard earned crypto to get rich
Thank you
Peal rich.jpg

Sort:  

Hello followme :);)

Follow me and I will follow you

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 61651.16
ETH 2369.36
USDT 1.00
SBD 2.50