Bitcoin very probable Fork 1 August estimated 12:20 UTC

Hello My Readers. As I promised yesterday in the article where I advised to buy ETH at 0.066 BTC or open a marginal long, I am back with a financial trick ( not scam) played by the rules, that can bring you a lot of money at very low risk.

It involves Poloniex and your money in Bitcoin. So...to the point, and me explaining why your money in BTC and why on Poloniex.

Short version: Open marginal long on Poloniex with borrowed BTC at a impossible low price for the order to go trough. As you start paying interest when you open the order, the borrowed BTC is yours at the moment of the fork and you should receive the forked coin for the loan you took. And now the long version explained: :))

• First I will tell you that when you see numbers in bold font in this article, you will find at the end of this article links corresponding to that numbers to official declarations of the parties to see for yourself that I am not telling lies.
  

  This being said, let's start:

• Poloniex has declared that "if you have the money on loan, you will not receive the forked coin because that coins were used by somebody to buy ETH (for example), and the owner of that coins is the ETH seller at the moment of the fork....the money could even have left Poloniex....and I find this right. You can find this at link 1 and 2
  So by this they make it very clear that the loaner of an active loan does not receive the forked coin.
  Also they make it less clear, but clear enough, that "who has the loaned Bitcoin at the time of the fork" receives the forked coin.

• when you open a "marginal long" you buy a coin with borrowed money, for that Poloniex has a market and they automatically select for you the best interest within the max you specify for the interest at the moment you put the marginal order. Also the minimum period when putting your money for a loan is 2 days, that you can not select when you take the loan, only the "seller" can do that. But 2 days is within the fork now, and the loaner can not force terminate the loan as he agreed for the minimum 2 days.

• so.... a changed my money on Polo in Bitcoin, 0.4 bitcoin, transferred into the marginal account, and for that guarantee I was allowed to borrow 1 BTC. To "activate" the loan and start paying interest I putted orders in value of 1 BTC to buy 1000 ETH at 0.001BTC. I pay interest, orders are not "going trough" as nobody sells ETH for 0.001 BTC, and at the moment of the fork I will be the owner of the 0.4 btc that are mine, used as guarantee for marginal and also I will be the owner for the 1 BTC loaned that I pay interest for since I placed the order that will not go through. So I will get +1 BTC of forked coin for the interest of 0.6% /day I will pay for 2 days.

What can go wrong:

• If you do not change your money in BTC and use other coin for guarantee...like ETH...BTC price can skyrocket to the moon during the fork as there can be a shortage of BTC, everybody taking the BTC "off"the market and the Polo BTC wallets being blocked during the fork. That can "dwarf" ETH driving ETH to a very lo exchange rate, insuficient to guarantee for your 1BTC loan and the account can be liquidated. Instead if you use BTC to guarantee for BTC the loan value and the "guarantee"value rise and fall together....not liquidating your marginal account.

• ETH can fall so much ( or more exactly BTC can skyrocket so much) that your order could go through and buy ETH at 0.001 BTC - I don't really consider that "bad" :))))

• Eth can fall bellow 0.0006 BTC liquidating your marginal account and you loose 40% of your personal BTC used for guarantee..But 0.0006 BTC/ETH....well ...I'll take the risk :)). Looking at the interest rates increasing for BTC on POLO I think there are many who do what I say here, and there will be many "buy" orders at very lo price, so it will not fall.

• Polo can refuse to give you the forked coin. But in this case, at a ticket, they have 2 possible answers..."we give it to you" or " we are asses and keep it for ourselves", as they make it clear that the lender does not get it, and, for your order there is no buyer as the orders don't go trough.....so who remains to "get the forked coin " is you or Polo.

ADVICE ....divide the amount you want to take as loan into 10 , put 10 orders to buy ETH at 0.001BTC. When you put the order, polo will say "order placed" or "order to loan placed" as there are insuficient funds available for loan at the rate you specify. The order for loan will have a life of 30-60 seconds and then it cancels. Try until you hit an offer at a reasonable interest. I tryed with 0.6 % interest rate.
![marg orders2.jpg]
Here I was still working on it, now the total borrowed value is 1 BTC. But this proves that interest is payed, in red, so I am the owner of the money at the moment of the fork since I pay interest.
()

Final cost for all this: interest 0.6% on 1 BTC for 2 days. Profit targeted : +1 BTC of forked coin( +0.4 Btc of forked coin for my BTC used as guarantee for marginal)

These are my ideas, this is what I did. Please don't blame me for something going wrong that I did not see. I tell you What i believe and do. If you follow me in what I do, you do it assuming your responsibility for doing so, don't put the blame on me!!!!!

1 https://poloniex.freshdesk.com/support/solutions/articles/1000235703-what-if-i-have-coins-on-loan-when-a-fork-happens-
2 https://poloniex.com/press-releases/2017.07.24-Our-plans-to-handle-potential-BTC-network-disruptions/

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