No, 1.4% is monthly not daily. OP has corrected the typo.
Then no one will ever be interested, especially if OP is in China, no way to get your money back.
Topic: Any one from this board tried earning BTC interest? (Read 1369 times)
Then no one will ever be interested, especially if OP is in China, no way to get your money back.
Why would anyone entrust their btc to someone else overseas? 1.5% daily is an extremely good rate for fiat, but for bitcoin, it cannot cover the risks of loosing all your bitcoin.
No, 1.4% is monthly not daily. OP has corrected the typo.
People this is a true Ponzi scheme. Read up on Bernie Madoff. 
1.5% daily is an extremely good rate for fiat
No, it is an amazingly bad rate. If somebody offers you 1.5% *daily* on anything, you have to ask yourself simple question - how many more days will this continue?True, 1.5% is still a good rate, but the business smells fishy.
1.5% daily is an extremely good rate for fiat
No, it is an amazingly bad rate. If somebody offers you 1.5% *daily* on anything, you have to ask yourself simple question - how many more days will this continue? Because that rate in a year turns $100 into $23,000 - there's no repeatable investment or business strategies that would guarantee these returns besides maybe making gold out of horse shit. Fact is, if such a miraculous money making source is found, nobody would care or need to multiply *your* money. So when you are asked to invest under such a huge %%, that means only one thing - somebody desperately needs to steal your money. Nothing else.
I don't think bitfinex in specific makes gold out of horse shit. You basically provide liquidity, there's even a detailed article on how this works in their website. It still involves risk though.
1.5% daily is an extremely good rate for fiat
No, it is an amazingly bad rate. If somebody offers you 1.5% *daily* on anything, you have to ask yourself simple question - how many more days will this continue? Because that rate in a year turns $100 into $23,000 - there's no repeatable investment or business strategies that would guarantee these returns besides maybe making gold out of horse shit. Fact is, if such a miraculous money making source is found, nobody would care or need to multiply *your* money. So when you are asked to invest under such a huge %%, that means only one thing - somebody desperately needs to steal your money. Nothing else.
I don't think bitfinex in specific makes gold out of horse shit. You basically provide liquidity, there's even a detailed article on how this works in their website. It still involves risk though.
Yes I tried and lost a lot of money. This is a scam like a lot of services in the BC industry. This is going to crash hard unfortunately...
1.5% daily is an extremely good rate for fiat
No, it is an amazingly bad rate. If somebody offers you 1.5% *daily* on anything, you have to ask yourself simple question - how many more days will this continue? Because that rate in a year turns $100 into $23,000 - there's no repeatable investment or business strategies that would guarantee these returns besides maybe making gold out of horse shit. Fact is, if such a miraculous money making source is found, nobody would care or need to multiply *your* money. So when you are asked to invest under such a huge %%, that means only one thing - somebody desperately needs to steal your money. Nothing else.
Why would anyone entrust their btc to someone else overseas? 1.5% daily is an extremely good rate for fiat, but for bitcoin, it cannot cover the risks of loosing all your bitcoin.
bitfinex is obv the best place to earn interest on cryptos u have or fiat...
Bitcoin is a deflationary product. Therefore, technically, it cannot generate interests. You don't get more and more bitcoins as time goes by, you get less and less. If you're saying generating interests paid in fiat then yes, but that is only compensating the loss of value of an inflationary product like fiat against a deflationary product like bitcoin or gold or silver.
Ask yourself: How is this any different from pirateat40's Bitcoin savings &trust?
yes, giving your coins to complete strangers for a slim possibility of measly returns is an absolutely safe and sound idea.
do you give cash on a street to a guy holding a sign "i'll return more next month same place"? similar business strategy. might just work.
do you give cash on a street to a guy holding a sign "i'll return more next month same place"? similar business strategy. might just work.
This is the original post:
https://bitcointalksearch.org/topic/updated-choices-for-earning-btc-interest-774359
Anyone tried things like that? Is it safe
https://bitcointalksearch.org/topic/updated-choices-for-earning-btc-interest-774359
Anyone tried things like that? Is it safe
Jump to: