LauraClasikVibe:
7%

Quite reasonable

emmanuelewumi:


What is the source of the cash flow?


What is the cash flow yield, generated by the ones you have?

By lending out your coins, you get an interest paid to you by the borrower.
The yield varies from time to time and the platform.
Between 5 to 30%. On the average I am looking at a yield of 15%.

pluto09:



By lending out your coins, you get an interest paid to you by the borrower.
The yield varies from time to time and the platform.
Between 5 to 30%. On the average I am looking at a yield of 15%.

What is the collateral?

emmanuelewumi:



What is the collateral?

You borrow against your assets on the platform.
You are not allowed to borrow more than a certain percentage of your assets.
The probability of default by the borrower is almost nil.

Wapgod:
Is Polaris Bank Limited on NGX(Nigeria exchange group)?
I can't seem to find it.

It is on NASD

pluto09:



You borrow against your assets on the platform.
You are not allowed to borrow more than a certain percentage of your assets.
The probability of default by the borrower is almost nil.

What are the additional collateral when the asset loses value as it is happening and the lender will want to recall the loans?

What is the average margin cover?

Ololo got loans of over N100 billion in 2006, he has not been able to pay the loan. He wanted to use the capital appreciation of the assets to pay back the loans. Having to sell an asset in order to be liquid and generate cash flow can be dangerous and highly speculative.

Ololo contributed to the almost collapse of Union Bank and death of some banks

emmanuelewumi:


What are the additional collateral when the asset loses value as it is happening and the lender will want to recall the loans?

What is the average margin cover?

Ololo got loans of over N100 billion in 2006, he has not been able to pay the loan. He wanted to use the capital appreciation of the assets to pay back the loans. Having to sell an asset in order to be liquid and generate cash flow can be dangerous and highly speculative.

Ololo contributed to the almost collapse of Union Bank and death of some banks

Most of the crypto exchanges which offer this kind of service has a robust system that makes defaulting by borrowers almost impossible.
It definitely carries some risk but not getting the money back from the borrowers is not an issue.

pluto09:



By lending out your coins, you get an interest paid to you by the borrower.
The yield varies from time to time and the platform.
Between 5 to 30%. On the average I am looking at a yield of 15%.

I am sure you know how many people have been duped from this lending stuff. It's never advisable... and do u know that when u lend your coins out, and after a while the market dips the borrower dont get to pay u back because he will be returning more coins to you. Borrowers will only pay u back if btc appreciates because they will be paying u lesser coins then but the lesser coins will be valued higher in USD, but, in real terms, you are getting lesser coins back.... all still na mirage.

gabscity:


I am sure you know how many people have been duped from this lending stuff. It's never advisable... and do u know that when u lend your coins out, and after a while the market dips the borrower dont get to pay u back because he will be returning more coins to you. Borrowers will only pay u back if btc appreciates because they will be paying u lesser coins then but the lesser coins will be valued higher in USD, but, in real terms, you are getting lesser coins back.... all still na mirage.

You are not dealing with the borrowers directly.
Money is pooled together by exchangers who in turn lend the money out.
You have to have more assets than what you want to borrow so that they can easily call back the borrowed fund when the value drops to a certain threshold.
Just like I said earlier, not getting back one's fund from the borrowers is not an issue.

As much as I don't want to continue this discussion here I am not always comfortable when I see posts that don't represent the whole truth.
My last comment on crypto here for now.

pluto09:


You are not dealing with the borrowers directly.
Money is pooled together by exchangers who in turn lend the money out.
You have to have more assets than what you want to borrow so that they can easily call back the borrowed fund when the value drops to a certain threshold.
Just like I said earlier, not getting back one's fund from the borrowers is not an issue.

As much as I don't want to continue this discussion here I am not always comfortable when I see posts that don't represent the whole truth.
My last comment on crypto here for now.

I was waiting for this....especially your 2 last statement...


Although I don't know about the borrowing things.. but until a mind can conceive the possibilities of crypto/blockchain... you will end up wasting a good time explaining...as the response you will get will be the challenges and problems that comes with it...

I'm not a proponent of crypto and the only investment I have there is less than 20k naira ... but I'm beginning to see the possibilities and review our conventional thoughts about it.. I begin to ask...what defines intrinsic value and the rest...
The Government keeps printing money and we don't question it because that's what we are expected to accept... We are made to believe regulations put in place are perfect...but you know what... the rich harnesses this opportunities.... we don't bother questioning the system even when that faults are glaring to us...
Bank will give me a loan at 15percent or not at all while a more wealthy man could be given less than 5 percent base on some defined reasons..... We choose to accept this as normalcy because that's what the society define.... China ban even gave me more interest....

Crypto will need some regulations backing but it might loose its essence if regulations exist

Crypto is still in an Infant stage... My points is...let whoever embrace it do...and whoever doesn't should be left alone... The future will determine this...

Modified: Many wealthy ones are quietly on this.. or do we think Elon Musk, Jack Dorsey and likes are the one buying into it..... anyways....what do I even know sef...

Please call us for your house electrical wiring l, installations project ...


Selah

Gentlemen stop now
This is not a crypto group

You diversified your portfolio. So diversify your discussion. This is for NSE. Not crypto exchange

One or two discussions is okay but two pages of nothing but crypto. I have started looking for bitcoin on NSE

moneymanager:
Gentlemen stop now
This is not a crypto group

You diversified your portfolio. So diversify your discussion. This is for NSE. Not crypto exchange

One or two discussions is okay but two pages of nothing but crypto. I have started looking for bitcoin on NSE

You will find it under "virtual assets" lol

Pls where can I sell dollars to Aboki in Ibadan, na only $50 sha. Payoneer dey rip me off with their #371 rate. E go make sense if Aboki can buy for #450 above at black market rate.

I heard GSK has paid... Has anyone got alert?

proudlyteacher:
Pls where can I sell dollars to Aboki in Ibadan, na only $50 sha. Payoneer dey rip me off with their #371 rate. E go make sense if Aboki can buy for #450 above at black market rate.

Mokola sabo; you should get 470 and above there

megawealth01:
I heard GSK has paid... Has anyone got alert?

Is today the payment date?

emmanuelewumi:



Is today the payment date?

payment date is 28th of May 2021

igbosoro:


payment date is 28th of May 2021

So why was he expecting to be paid today?

megawealth01:
I heard GSK has paid... Has anyone got alert?

Why this desperate?
I hope u never broke?
See you..... see crypto currency.
Later later na still this local market you no wan invest again wan feed you.

emmanuelewumi:



So why was he expecting to be paid today?

The guy is almost bankrupt.
Bitcoin wahala

locodemy:


Why this desperate?
I hope u never broke?
See you..... see crypto currency.
Later later na still this local market you no wan invest again wan feed you.

Wicked comment. At least he didn't invest all his funds on a volatile asset

Detailed description of investors and traders behaviour

Agbalowomeri:


Mokola sabo; you should get 470 and above there

Ok thanks.

Courtville dividend landed

locodemy:


Why this desperate?
I hope u never broke?
See you..... see crypto currency.
Later later na still this local market you no wan invest again wan feed you.

You funny eh... You no say my monies no dey finish... Na Ego mbute

locodemy:


The guy is almost bankrupt.
Bitcoin wahala

I can't go bankrupt... I have made a fortune trading CRYPTOCURRENCIES ooooo... Even Dangote dey ask of his dividends

emmanuelewumi:


Wicked comment. At least he didn't invest all his funds on a volatile asset

Loco is just hilarious... Nothing to take SERIOUS

igbosoro:


payment date is 28th of May 2021

Na you answer well jare... No mind loco

emmanuelewumi:
Detailed description of investors and traders behaviour

Agbalowomeri:


Mokola sabo; you should get 470 and above there

Withdraw to your dom account, i will always buy from you

proudlyteacher:
Pls where can I sell dollars to Aboki in Ibadan, na only $50 sha. Payoneer dey rip me off with their #371 rate. E go make sense if Aboki can buy for #450 above at black market rate.

Withdraw to your dom account, i will always buy from you