Ever Lowering Ethereum... forced to hodl (The downside of Lending)!!

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As everyone knows by now Ethereum is sinking fast, how low it will go we simply do not know. All currencies are hit and with most of my alt coins i have happily been trading as they get lower and lower, increasing the stash of each coin on the way down ready for when the prices rise again.

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Unfortunately i cannot do this with the majority of my Eth as i have them out on loan through an exchange for the next 8 days!

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**Benefit of Lending out Ethereum - **

Each day i get a percentage return on all my loaned out Eths. In the last month i have gained 1.2 eth in interest alone and there is little or no risk

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**The Drawback of Lending out Ethereum - **

You cannot trade or withdraw your Eth whilst it is out on loan.

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If my coins were not on loan i would have sold at $200 and bought back as they lowered in value making a hell of an increase in my stash, i guess you live and learn.

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In Conclusion

I shall now be making sure i only choose a 2 day period for all future loans (instead of the current setting of 30 days) but shall be waiting till after august!

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If you are thinking of loaning out any of your coins then shop around the different exchanges, from personal experience lending out on Poloniex and Bitfinex revealed that much greater returns were found on Bitfinex for Eth and better returns were found lending out BTC on Poloniex.

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