/biz/ - Business & Finance

>>29405160
What the fuck are you talking about nigger?

>>29405261
I am talking about how lending platforms are giving me less money than what my collateral is worth. Right now I have 2k of collateral on cream but im only allowed to borrow 1.9k worth of assets when I wanted to borrow more.

>>29405160
Wait... Dude.

You can probably only take out 60 to 80 percent of your collateral.

>>29405336
hahahahaha............ur very gay bro

>>29405394
>>29405413
So then whats the point of borrowing?

>>29405490
so you can make more money?

>>29405490
You cant be that dumb.........you're definitely that gay

>>29405553
>>29405591
I seriously dont understand. How am I making more money when I leave to keep the 10 bnb on cream but I only get 1.9k to work with outside that platform? I wanted to borrow more money so that I could reach my initial investment in yield farms faster.

>>29405807
you have 10 bnb on cream
you borrow 1.9k and buy other stuff and make profits, you pay off the loan, now you have your profits-interest and gas AND the 10 BNB

>>29405900
Holy shit thanks dont know why I didnt get it myself

>>29405807
Must be a larp, cause you're a dumb fucking retard based on your replies.

Don't borrow money, you're definitely going to lose it, guaranteed. (This is advice to YOU, as you've demonstrated that you're not competent enough to even understand the nuances of collateral)

>>29405160
>spend $1.9k on bnb
>deposit into cream
there ya go, doubled ya money

>>29406325
i am seriously kind of dumb but at the same time im a risk taker so sometimes it works out well ill only try a little until i get the hang of it

>>29406626
honestly im so upset that i didnt get this at first and spent more than 10 minutes thinking about the logistics im ashamed to everyone in this thread I am sorry

>>29407057
don't use cream on bsc though, check the stablecoin interest rates, they are above 100%, use venus instead

>>29407057
you use coins that you are just planning to hold for the time being, get the loan and make trades with that.

>>29407351
thanks I will check it out. i think the best thing is to lend stablecoins too so i will check whichever platform gives the lowest interest rate

>>29407374
yea im starting to get it better now but ill still experiment before committing to big positions

>>29407057
Don't feel bad about it
These things are actually really hard to understand for most people. There's a lot of 130+iq semi-anti-social people here with little patience who get annoyed because from their POV you should easily just understand it because "it's right there staring you in the face".

I've also lashed out at people in frustration over "not getting something so simple" in the past and I realize that being upset about stuff like that comes from having felt impotent in the past when it really mattered to me that someone would understand something important to me in my life. It starts to spill over into a general upsetness with "dense people" where one feels like it's as if they're just not trying much to think things through and it's their fault.

You're not dumb. You're just not super smart, and not very smart when it comes to stuff like this. You'll need to put more effort into learning and probably will need more help, but that's okay.
A person of average intelligence would need much more effort and help than you, and might not even ever understand things that you are capable of understanding in the end.

>>29408180
thanks dude i do try to learn about what i buy ive tried to do it for a year since ive been in crypto since 2019 and never really got to far but im better from where I was when I first started