Topic: Bitsavings offers 5% return a month - page 2. (Read 2304 times)
Is this a Chinese company?
5% return on a commodity that has a slowing generation rate. I predict this site will follow the well worn path of previous such efforts:
- Highly satisfied early depositors
- More users joining
- The site experiencing technical difficulties, halting withdraws, and then disappearing along with whatever bitcoins were left
Without a detailed explanation about how a 5% guaranteed return, regardless of whether bitcoin rises or falls in value against currencies, can be achieved every month the site should be avoided.
- Highly satisfied early depositors
- More users joining
- The site experiencing technical difficulties, halting withdraws, and then disappearing along with whatever bitcoins were left
Without a detailed explanation about how a 5% guaranteed return, regardless of whether bitcoin rises or falls in value against currencies, can be achieved every month the site should be avoided.
Looks good, a lovely boilerplate terms and conditions. No personal contact details and no sign of it being a registered business.
100% can vouch for this company
100% can vouch for this company
And how many sites of this nature have had a happy ending for anyone other than the owner? Somewhere in the region of zero.
I have no personal experience with this site. However I would urge extreme caution. I don't know how they can pay out 5% per month returns but I suspect they do it by taking people's deposits and day trading with them. That's all well and good until they make a couple of bad trades and then the whole thing comes crashing down.
Anything that offers 5% per month raises a red flag. That is doubling your money in about 14 months. They could be legit, but the site doesn't say how they are generating these returns so I would be very cautious.
Anyone come across this one yet? Wondering if anyone has used it, or has any thoughts.
Bitsavings
http://www.bitsavings.org/
Site's been live for a couple of months, offering 5% interest a month on bitcoin deposits.
Bitsavings
http://www.bitsavings.org/
Site's been live for a couple of months, offering 5% interest a month on bitcoin deposits.
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