You can get interest on your bitcoin on at least two exchanges:
www.bifinex.com you have to lend the bitcoins to other traders, the rate is low, but it's trustworthy
www.mcxnow.com you don't have to lend the coins, interest is paid just to have them there. On the issue of trust, opinions are divided. The owner adopted some controversial commercial practices, but he warned everyone to withdraw their money when he limited the trading at the exchange and came back
Topic: Bitcoin Interest Rate - page 3. (Read 5821 times)
Just buy several stable POS coins and get income from 20 to 100% per year.
Is there a site, where you can draw reports on what the rate was daily for say the last year.
bitcoincharts.com/charts/
Is there a site, where you can draw reports on what the rate was daily for say the last year.
Or year on year?
I only recently started looking into "Bitcoins" and want to see, how it fluctuated from year to year.
Hope someone can help.
You just see people making statements like ..."In 2009 1 bitcoin was 0.0000001 cents and now it's $400.
Thanks for any reply.
Or year on year?
I only recently started looking into "Bitcoins" and want to see, how it fluctuated from year to year.
Hope someone can help.
You just see people making statements like ..."In 2009 1 bitcoin was 0.0000001 cents and now it's $400.
Thanks for any reply.
I think that right now the only Bitcoin exchange which is offering interest on your deposits is Vircurex. But unfortunately, that exchange have been hacked multiple times in the past. So not that secure to store coins there.
What happen with the frozen accounts on Vircurex ?
I don't think that Vircurex pays any sort of interest on frozen or inactive accounts. However, I am not sure, and you will have to raise a support ticket to make sure of that.
If 4000 coins are mined everyday than BTC must be in inflationary stage.
Yes, you are right.
Of course NO! There is no inflation so no interest for keeping money. Welcome to the new world without banks and debts.))))
Дoбpa!=)
Дoбpa!=)
Maybe you could read post #16.
And to your surprise, borrowing and lending (with interests) exist in the bitcoin world. FYR: https://bitcointalk.org/index.php?board=65.0
Of course NO! There is no inflation so no interest for keeping money. Welcome to the new world without banks and debts.))))
Дoбpa!=)
Дoбpa!=)
Yes, you are correct.
Thanks. By deflation my bits are losing value? 
It's the other way. Inflation means losing value and deflation means appreciation.But to be more presice, BTC is still in the inflation stage and around 4000 coins are mined everyday.
Inflation is when BTC prices are going up. Btc is in the deflationary stage.
Wait so I had the similar mind as well this, but I wont be alive to see those prices since its prob in the near 2140.
So, in economics terms, bitcoin will always be in inflation, until block reward become zero, right?
Maybe.
However, there will probably always be people losing small amounts of bitcoins (hard drive crash, lost password, deleted private key, etc).
Meanwhile, the block reward will get VERY small:
7.03124928 BTC per day in 2050
0.10986192 BTC per day in 2075
0.00085824 BTC per day in 2100
0.00001296 BTC per day in 2125
0.00000144 BTC per day in 2139
If the amount of bitcoins lost each day from the total supply is more than the amount of new bitcoins created, then you could say that is when deflation begins.
Thanks. By deflation my bits are losing value?
It's the other way. Inflation means losing value and deflation means appreciation.But to be more presice, BTC is still in the inflation stage and around 4000 coins are mined everyday.
In economics, "inflation" is an increasing money supply. It may or may not result in increasing prices. In layman's terms, "inflation" means increasing prices of goods, which may or may not be caused by an increasing money supply. "Deflation" is the same, except opposite.
So, in economics terms, bitcoin will always be in inflation, until block reward become zero, right?
If I deposit some Bitcoins with a trader like Kraken shouldn't I be earning interest on my bits?
No because your bitcoin are not being used for something else (like investement or being lended to other people as with banks) in fact it should be the opposite lol since they are providing a service by storing your coins, and don't forget don't leave much of your coins on exchanges or else you risk to get goxed
In layman's terms, bitcoin is currently (and probably will always be) deflationary, because the demand for bitcoins is increasing much faster than the supply, and as the value of a bitcoin increases, the prices of goods decrease.
Actually, over the recent few months, bitcoin has been inflationary both in economic terms AND layman's terms.
http://bitcoincharts.com/charts/bitstampUSD#rg180zigHourlyzczsg2013-11-29zeg2014-05-09ztgSzm1g10zm2g25
I seen Bitcoin interest services like pirate or TradeFortress but somehow they just dissapeared one day with the Bitcoin deposits, I dunno why 
I think that right now the only Bitcoin exchange which is offering interest on your deposits is Vircurex. But unfortunately, that exchange have been hacked multiple times in the past. So not that secure to store coins there.
What happen with the frozen accounts on Vircurex ?
I think that right now the only Bitcoin exchange which is offering interest on your deposits is Vircurex. But unfortunately, that exchange have been hacked multiple times in the past. So not that secure to store coins there.
Hello
What a risk free BTC interest rate could look like ?
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2432367
What a risk free BTC interest rate could look like ?
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2432367
So a currency can both inflate and deflate at the same time?
The meanings of "inflation" and "deflation" are ambiguous.
In economics, "inflation" is an increasing money supply. It may or may not result in increasing prices. In layman's terms, "inflation" means increasing prices of goods, which may or may not be caused by an increasing money supply. "Deflation" is the same, except opposite.
In economic terms, Bitcoin is currently inflationary because its money supply is increasing. When no more bitcoins are mined, then Bitcoin becomes deflationary because its money supply can only decrease as bitcoins are lost.
In layman's terms, bitcoin is currently (and probably will always be) deflationary, because the demand for bitcoins is increasing much faster than the supply, and as the value of a bitcoin increases, the prices of goods decrease.
No, btc is deflationary so you don't need to earn interest
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