that is a 2.39% return and it does not include other fees such as sending fee (wire transfer fee $40) and reeving fee ($15) and buying fee (commission rate).
Edit:
Example 1: let's say you place $100/BTC order and Bitcoin price goes below $1. You will receive 1 Bitcoin.
Example 2: if Bitcoin prices goes above $100 then you will receive certain percentage on price increase and not full profit. So it is best to invest it yourself.
The 2.39% is the actual return, the OP annualized this rate to assume you would continue to get this rate over a year. Regardless this is likely not a legit investment opportunity (even if you ignore the costs involved). The return is simply too highEdit:
Example 1: let's say you place $100/BTC order and Bitcoin price goes below $1. You will receive 1 Bitcoin.
Example 2: if Bitcoin prices goes above $100 then you will receive certain percentage on price increase and not full profit. So it is best to invest it yourself.
Hi BTCfan668,
Glad you think the returns look attractive. The Maximiser product offers such attractive rates because of its nature, specifically the fact that if the bitcoin price finishes below the strike then the bitcoins you receive are bought at the strike.
You can learn more about the Maximiser by reading up on 'Reverse Convertibles'. These are very common products in the investment world across all major asset classes (shares, FX, gold, etc.). What we have done with the Maximiser is bring the Reverse Convertible to the bitcoin space.
