4% return - compounded DAILY - page 3.

Mahanton

hero member

Activity: 2730

Merit: 632

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.

No matter how reputable it is, we shouldnt really be that too confident on leaving our bitcoin there and come to think that if we do just held off our own coins into our own wallets and on the sudden price increase or change in the market then we had already earned more that 4% on what they had promised.Well, no one had been forced to invest or park their coins though since it isnt really that too sensible on doing such act
but surprisingly there are still people who do really recognize on putting up their coins just for the sake of that 4% annual gains which i dont see for it to be worth for the risk that you had been putting into.
Freebitco is been here for years and also a reputable one but still cant put up 100% trust when it comes to fund handling.

adzino

copper member

Activity: 2968

Merit: 574

www.Crypto.Games: Multiple coins, multiple games

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.

johhnyUA

legendary

Activity: 2422

Merit: 1834

Crypto for the Crypto Throne!

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

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

If it in BTC, when it's enough sweet proposition. At least on bullish market Cheesy

But as we know, to hold your money on exchange, casino or another such things it's enough risky (this is doesn't matter how trusted the project it is, no offense to freebitcoin. This is life and everything shit happens)

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: aesma on November 16, 2020, 07:26:14 PM

freebitco.in is a faucet and gambling website. You should use it for that, and the interest is just something on top, since you can't withdraw small amounts anyway.

well what makes freebitco.in can have a very good reputation because there is a faucet that can give us some bitcoins for free just by rolling, until now the gambling place that is still surviving is this gambling place, hopefully freebitco.in has a longer life long.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: bitgolden on November 16, 2020, 02:06:29 PM

Even at 4% yearly rate, that is not bad at all, on contrary that is quite awesome to get that return. You know why? Because they are doing that in bitcoin, not dollars or any other currency but bitcoin. So, you put your bitcoin in there and they give 4% more bitcoin after a year, meanwhile your bitcoin grows in value compared to dollars as well.

Just to give an example if you invested at the start of this year, just 1 bitcoin, you would have spent 7 thousand dollars, if the year ends with bitcoin at $16k (not going up or down) that means you have already made about 9 thousand dollars profit there as it is, plus that 4% profit from bitcoin which would make it 1.04 bitcoin and that 0.04 at $16k would be another 600 or so dollars, so you would nearly have $10k profit. So, it is not just the interest you get, it is interest in bitcoin you get. No bank can offer you this much profit.

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.

aesma

hero member

Activity: 2380

Merit: 916

fly or die

freebitco.in is a faucet and gambling website. You should use it for that, and the interest is just something on top, since you can't withdraw small amounts anyway.

Smartvirus

legendary

Activity: 1414

Merit: 1108

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

You see, that's the problem with legit stuff, it offers you what is in itself real and can be archived but it's value always makes you feel cheated and that's it. It's always a matter of, can you go through with it? Would you rather invest instead of patience? Does the interest rate seems enough reward for you?
But then, when you get to a scam site promising a high ROI, you get scared and skeptical which is the best thing to do so for me, it all goes down to you finding a way that you can be in control of your activities. If you can resolve that, then your good to go.

Twentyonepaylots

sr. member

Activity: 1876

Merit: 370

Checked it. It says compounded daily indeed but you may have missed something important. It says there that the 4% you're talking about is the annual interest rate. You can withdraw your deposits everyday though for a daily increase of .11% which is not really beneficial. So yeah, you just got bamboozled. Try to read more before letting your emotions overcome your logic.

dimonstration

hero member

Activity: 2562

Merit: 659

Dimon69

Quote from: toast on November 16, 2020, 02:45:47 PM

if that's daily i'm pretty sure that it's a scam one. but i really think you just misread it or you just missed the "annual" thing, i really can tell that freebitco.in is a legit website and i've played on that website before.

4% daily interest is too good to be true, there is no other casino or investment platform who will put such interest atleast the website explain it's annual but their daily interest term is confusing that can make others do really excited as they can get interest daily. Sometimes marketing just really needs good wordings to attract customer, there are words that we will just focus on without understanding the whole statement, it's happen to me sometimes in some promo advertisement.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

Just like what others have said it is not daily but an yearly profit.
Freebitco.in has been well known as a faucet by most of the newbies and I think they lived up to their promise all the time.
But I wouldn't trust any gambling and even trading site to hold my crypto for too long I want to be the one to hold my crypto not your keys, Not your coins always remember it.

P.S Not that I don't trust the site but there could be a possibility that some hackers might penetrate the site that is why I don't keep my crypto for too long on gambling and trading site it is better to be safe than sorry.

toast

sr. member

Activity: 1582

Merit: 253

if that's daily i'm pretty sure that it's a scam one. but i really think you just misread it or you just missed the "annual" thing, i really can tell that freebitco.in is a legit website and i've played on that website before.

bitgolden

legendary

Activity: 2842

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Even at 4% yearly rate, that is not bad at all, on contrary that is quite awesome to get that return. You know why? Because they are doing that in bitcoin, not dollars or any other currency but bitcoin. So, you put your bitcoin in there and they give 4% more bitcoin after a year, meanwhile your bitcoin grows in value compared to dollars as well.

Just to give an example if you invested at the start of this year, just 1 bitcoin, you would have spent 7 thousand dollars, if the year ends with bitcoin at $16k (not going up or down) that means you have already made about 9 thousand dollars profit there as it is, plus that 4% profit from bitcoin which would make it 1.04 bitcoin and that 0.04 at $16k would be another 600 or so dollars, so you would nearly have $10k profit. So, it is not just the interest you get, it is interest in bitcoin you get. No bank can offer you this much profit.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: ChrisPop on November 16, 2020, 12:19:46 PM

Personally, I wouldn't hold cryptocurrencies on any gambling website even if it offers 10% interest. There are much better solutions on the market with public persons in the backend from the financial sector. If you're solely looking to earn interest I would look for them.

Don't get me wrong, this online casino has been in the space for a long time and it has some kind of authority, but how much authority can a gambling website have when it comes to managing finances?

Never ever in my life on considering on putting up my funds on any platforms here on crypto yet we wouldn't know on what would happen in upcoming months or years
because nothing can really last forever and even if you do talk in 1 year time then it would be worth that you are just the only one who do hold your own coin.
Not your keys then its not your coin.

4% isn't really worth for the risk on your funds and I would rather be that confident if you don't put it up on any services outs there that do offer APY returns.

I do rather choose up banks.

Silberman

legendary

Activity: 2534

Merit: 1338

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?

As it has been clarified it is not 4% daily but 4% annually which is a huge difference, anyone that claims that can give you 4% daily is trying to lie you and deceive you, no exceptions, but a 4% annually is completely possible, however this is the problem, are you going to be willing to give up having complete control over your coins just for a 4% increase increase on your capital especially when those kind of results can be gotten by making a single bitcoin trade during the year? To me it doesn't sound like an attractive option at all.

ChrisPop

legendary

Activity: 2310

Merit: 1033

Not your Keys, Not your Bitcoins

Personally, I wouldn't hold cryptocurrencies on any gambling website even if it offers 10% interest. There are much better solutions on the market with public persons in the backend from the financial sector. If you're solely looking to earn interest I would look for them.

Don't get me wrong, this online casino has been in the space for a long time and it has some kind of authority, but how much authority can a gambling website have when it comes to managing finances?

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: bitbollo on November 16, 2020, 11:47:25 AM

any website offering such return it could be just a scam Cheesy

and must not taken seriously, nor deserve any discussion. however as already reported this is a yearly return (payed daily). yes this site is well known and trusted, they are online /paying /mining since few years.

lol . you got me there bro . i thought you didnt read the next replies and the op also almost got me if i didnt scrolled down but i was thinking twice at first if the 4 percent is big enough or not and he didnt also put if what day or time the 4 percent is going to be paid .

i know freebit was a legit site and it got me thinking instantly so i look for other replies and that was it , it wasnt daily or weekly etc but it was per year . 4 percent are gonna be looking small to that but still it was a passive income .

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

any website offering such return it could be just a scam Cheesy

and must not taken seriously, nor deserve any discussion. however as already reported this is a yearly return (payed daily). yes this site is well known and trusted, they are online /paying /mining since few years.

Reid

hero member

Activity: 2912

Merit: 642

It will kill the business if that happens. Wink

1. They are a legitimate website that pays quick.
It's an easy target for those who have a large amount to deposit if 4% percent will be given daily in a blink.

Nevertheless, it is still a good offer to be more inviting to players.
Others don't offer that kind of bonus.
But, if you happen to look for investments in gambling sites.
You could click my signature and be redirected to a legit gambling site that offers investment.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: ReiMomo on November 16, 2020, 08:16:13 AM

Everyone is correct on this thread.

The 4% interest isn't on a daily basis instead it is the annual interest which makes it to 0.00273 BTC every day. To some, it may not be a big deal for they know exactly where and how they can gain better profits like in trading but the mere fact you find risky to trade I don't think 0.00273 BTC is not bad at all besides you don't need to do anything just send your bitcoins to them and earn the interest.

However, you still need to do research first and find if they are trustworthy in order not to be scammed.

Everyone except OP are correct to be exact.
0.00273 Btc daily? How did you get that number? I mean if 4% annually, it's means 0.0109% daily. If you can get 0.00273 Btc daily from investing in freebitco.in, it's means you must invest ~25 bitcoins on there (25 btc*0.0109% = ~0.00273). You have many bitcoins!

avikz

legendary

Activity: 3080

Merit: 1500

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?

Everyone has spoken about the daily and annual interest here so I wouldn't speak about it again. However, I wouldn't encourage you to invest in such schemes. Even though freebitco is a long standing business but from my past experience, I have see whenever a big company plan for an exit scam, they usually roll out such plans so that they can acquire more money before it. So stay clear from it if possible!

Topic: 4% return - compounded DAILY - page 3. (Read 871 times)