4% return - compounded DAILY - page 2.

Krislaw

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Quote from: btc78 on November 21, 2020, 07:03:31 AM

Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

Please lock down this thread once you find satisfied answer to that

4% Annually is too small,but if you are not in a hurry and wanted safe investments then this is applicable for you.

I agree with you, especially if the amount is small. As a whale, that would be a good return. And also better if funds are well insured by the website in case of any unforeseen circumstances.
I hope this thread gets locked soon by OP.

btc78

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Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

Please lock down this thread once you find satisfied answer to that

This answers it all ,and i'm sure even OP understand what this account explains so i think this thread "Must Be locked" either by OP or by Mod because this will attract spam for sure.

because i don't think there is any gambling site that will promise a 4% daily profit lol.

4% Annually is too small,but if you are not in a hurry and wanted safe investments then this is applicable for you.

freedomgo

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I think this thread have stayed far enough, the thread is very mislead if posters will just post right away without reading.

There were corrections in the thread already, let's not continue discussing it anymore as it doesn't make sense anymore.

The interest is annually, 4% and compounded, that's the information of this topic that everyone needs to know.

peter0425

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Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

Please lock down this thread once you find satisfied answer to that

Fait enough to believe because 4% daily is a BS promises and will only sounds scam or Ponzi in part of Freebitco.in in which they are proven legit and good at this gambling business so they will not risk their good reputation just for this.

Quote from: LogitechMouse on November 20, 2020, 10:17:27 PM

Unfortunately after receiving the answer from the first reply, the OP didn't post anything again Cheesy

.
It has been answered already so I just hope that the OP will get online and lock the thread already Cheesy

.

and very clear explanation,enough for all to understand and believe the what freebitco.in offers to everyone.

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Unfortunately after receiving the answer from the first reply, the OP didn't post anything again Cheesy

.
It has been answered already so I just hope that the OP will get online and lock the thread already Cheesy

.

janggernaut

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Quote from: ardentvolcanoes on November 20, 2020, 08:05:00 PM

Still even you are a big whales entrusting your money with such small annual interest, more better to put it into time deposit where you have

insurance just in case problem may take place, unlike with this offer what if hacked happened not because the site already exist for such a long time and already have reputation, there's no chance for you to recover your money.

AFAIK mostly time deposit in bank (in my country) only offer around 3-5% annual interest, so its not far from what freebitco.in offer.
I don't know whether you will get compensation if your investment hacked on freebitco.in or not, but they are very old site since 2013, so i do believe they won't make their investor dissappointed

ardentvolcanoes

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Quote from: FinneysTrueVision on November 20, 2020, 07:59:28 PM

Unless you're a big whale it does not seem worth it leave your coins in a casino just to get 4% yearly interest. You can usually make much more than that investing in casinos where they let you invest in their bankroll. It does have more risk though because you are not guaranteed a profit and could end up with a loss.

Still even you are a big whales entrusting your money with such small annual interest, more better to put it into time deposit where you have

insurance just in case problem may take place, unlike with this offer what if hacked happened not because the site already exist for such a long

time and already have reputation, there's no chance for you to recover your money.

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Unless you're a big whale it does not seem worth it leave your coins in a casino just to get 4% yearly interest. You can usually make much more than that investing in casinos where they let you invest in their bankroll. It does have more risk though because you are not guaranteed a profit and could end up with a loss.

crzy

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Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

That’s not true because its annual computation and not daily, I don’t expect this big profit on a legit site. Anyway, if someone promise you a daily profit like this, then you should stat away from that project because sooner or later, It’ll become a dead project, I don’t bite on any marketing strategies like this, that’s not good.

Viscore

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That 4% daily return is really a thing to look at and mostly we think it was a scam. I'm going to worry with you if you are visiting the correct site of the freebitco.in/, not the phishing site because there is no such rule in them but just a 4% annual return, not DAILY.

I believe that OP has already getting the answer and not even seeing him replying on the thread.

goinmerry

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Quote from: Shasha80 on November 20, 2020, 07:05:08 PM

While the interest offered by banks is much higher, but if investors do not like high risks, investing in the Freebitcoin site can be the right choice.
Moreover, the Freebitcoin site already has a good reputation, so it is very safe and legitimate.

It's already a high risk. Imagine you will put your money on a website for just a 4%interest. It's just good to those regular users of Freebitco.in but for investment, it's not recommended.

In bank you are covered by the law so it's more safe even they will run away or become a bankrupt. Not saying Freebitco.in will run but not totally comfortable to stored my money there for years just to take advantage of 4% annual interest.

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Quote from: Maslate on November 20, 2020, 07:15:10 PM

Quote from: BALIK on November 20, 2020, 06:41:47 PM

Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.

Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.

Can you given an example of some trading sites that offers the same with a higher interest?

I'd love to check them out, 4% compounded is already good for me as long as you can trust where you deposit your money, but if there's a higher amount than that, then I would not hesitate putting my money to them, the only risk is on the site going scam but it's unlikely for a long time running site.

If you read the 2nd user on your quoted statement, Freebitco.in didn't offer a 4% compound interest daily. The OP misunderstood it. 4% is the approximately annual interest so obviously some lending on exchange like binance gives higher interest rate rather than the casino offer. Try check out coin staking on Uniswap and Sushi swap. The APY percentage is very high that is close to the value of compounding interest.

Maslate

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Quote from: BALIK on November 20, 2020, 06:41:47 PM

Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.

Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.

Can you given an example of some trading sites that offers the same with a higher interest?

I'd love to check them out, 4% compounded is already good for me as long as you can trust where you deposit your money, but if there's a higher amount than that, then I would not hesitate putting my money to them, the only risk is on the site going scam but it's unlikely for a long time running site.

Shasha80

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Like the opening post misunderstood, the daily 4% return was huge. The truth is 4% yearly interest, so be careful when reading the rules
on the Freebitcoin site. In my opinion, what Freebitcoin sites offer for 4% annual interest rate every year is very small and not feasible to run.
While the interest offered by banks is much higher, but if investors do not like high risks, investing in the Freebitcoin site can be the right choice.
Moreover, the Freebitcoin site already has a good reputation, so it is very safe and legitimate.

STT

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For regular users its a great feature and the company itself can justify it from the greater usage and participation by account holders. The whole site seems to be sensibly run and scales alongside price moves so remains likely to stay balanced to normal gambling risks. As said at the start 4% is nice but only amounts to a small amount paid daily, its convenient more then any giant amount but anything looks good compared to normal bank accounts and lately BTC has been rising so much it looks silly not to be a holder.
My outlook on the interest is to just take it as my daily allowance to place on event bets, free money to bet rather then any great profit.

BALIK

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Quote from: arallmuus on November 14, 2020, 04:39:06 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.

Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.

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Quote from: clickerz on November 20, 2020, 04:41:01 PM

I think so, sounds like a High Yielding Investment Program or an HYIP, which at first looks attractive but not sustainable in the long run. But I have an account too on freebico.in but did not login for several months, will check this. The thing that they stay online for several years means they are okay and doing good, but this offering is something new that needs to be reviewed.

Yes, freebico.in is a reputable site, they are in here for many years so they would not offer something crazy. By the way mate, it's not per month or per day, it's a daily interest which is compounded, there's nothing to review here in their side, but our side because we misread or misinterpret it.

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Quote from: adzino on November 20, 2020, 02:24:33 PM

Quote from: xz0708 on November 14, 2020, 04:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.

I think so, sounds like a High Yielding Investment Program or an HYIP, which at first looks attractive but not sustainable in the long run. But I have an account too on freebico.in but did not login for several months, will check this. The thing that they stay online for several years means they are okay and doing good, but this offering is something new that needs to be reviewed.

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Quote from: bitgolden on November 20, 2020, 04:22:22 PM

This is for people who just buy bitcoin and forget about it, if you do not like trading, and you do not want your money to rot in some wallet forever doing nothing, you put it here and they will give you return for your money.

Obviously there is a security issue with your money when you trust it to someone else but this is a HUGE company and I feel like hackers or anyone else can get my money easier when it is with me compared to when it is with them, so I trust them more than I trust myself to keep my coins safe.

He he.

Cryptopia was also huge australian exchange.
BTC-E was maybe the hugest bitcoin exchange.
The same with endless exchanges and wallets. The same can happen with casino, no matter how huge and old it is. I'm not telling about scam or something like that, but reasons beyond (like regulations for example)

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Quote from: Silberman on November 20, 2020, 12:33:15 PM

When you think about it in those terms their offer makes even more sense however I am not completely sold on the idea of giving someone else custody of my coins for such a low yearly rate, especially when anyone that knows anything about trading can obtain way more than that with just a few trades or even with a single one, so I still think that their offer even if legitimate is not as attractive as it could be and anyone that is interested in it should instead learn how to trade.

If you trust yourself as a trader there is no reason to not spend that money on trading and making a bigger return, people who believe they can make a much bigger return than 4% trading bitcoin already does it (either successfully or failure) but this is not for them neither. This is for people who just buy bitcoin and forget about it, if you do not like trading, and you do not want your money to rot in some wallet forever doing nothing, you put it here and they will give you return for your money.

Obviously there is a security issue with your money when you trust it to someone else but this is a HUGE company and I feel like hackers or anyone else can get my money easier when it is with me compared to when it is with them, so I trust them more than I trust myself to keep my coins safe.

Topic: 4% return - compounded DAILY - page 2. (Read 871 times)