Topic: freebitco.in Annual investment - page 5. (Read 8605 times)

Yes, I agree with you because there are many sites paying higher percentages daily and scamming the people in days only. Freebitco.in is paying a lower percentage and also they are paying yearly it seems they will pay on time because they are paying low percentage to investors.

Ok, let's clear ALL the misconceptions here.

Here's how it works.

You deposit bitcoin with FreeBitco.in - either new deposits or that which you've earned from the faucet.

THE INTEREST: The annual percentage rate offered is 4%, so your balance left in the account for a year will have paid 4% (actually a tad more)

THE PAYMENTS: The interest is paid daily. Which means that each day you are paid 1/365th of 4% on the balance you have that day...this is your daily percentage rate. So, you are paid 0.0109589% each day. Payment timing is randomized each day to keep people from only depositing money for the interest payment and then withdrawing the money the same day.

THE COMPOUNDING (of interest): If you leave your balance untouched the interest you earned today will add to your balance upon which you'll earn interest tomorrow. If you do this for a year you'll actually earn more than 4%, you'll earn 4.08%...this is your annual percentage yield.

THE APPRECIATION: And while your bitcoin is in the account with FreeBitco.in it will benefit from the price appreciation (or depreciation) that naturally occurs in the market over that year. If bitcoin value goes up 20% this year you also gain that 20% appreciation in the bitcoin you have on balance with us (or in any wallet). Your balance with us is yours, you're not selling it to us.

To see the amount of interest you've earned go to the "EARN" menu. You'll see (1) a weeks worth of interest payment history, (2) your current balance, (3) the interest payment you'll expect to receive tomorrow, (4) the interest you'll expect to receive over the next 30 days, (5) the interest you'll expect to earn over the next 365 days, and (6) an interest calculator so, for example, if you want to deposit BTC10 of your holdings you can immediately calculate how much interest you'll earn daily, monthly, and yearly.

Does this clear up what we're offering here? There's been several comments that indicate some confusion. I'm happy to answer any and all questions!

I don't think you actually understood what the offer was exactly. You will have to deposit bitcoin on freebitco and after a year 4% of the bitcoin will increase. Example if.you deposited 1 btc after a year it would 0.04 btc increase. While the price of bitcoin keeps changing you can expect a return of 19% a year which is way more than your bank

What you saying is true, but site owner isn't a completely unknown person. His site is running since 2013 and paying all users, never heared any complain about his site. The profit as he said is coming from the mining activity and the rates of interest can change any moment (decrease), if it happens, users will be notified with 30 days of precedence. But there is always some risk...

I think it's actually pretty good.

You're getting interest on your bitcoin, like the interest rate although some people say it is bad, but is actually higher than lots of commercial banks all around the world so i don't think you can complain much about it.

Say bitcoin rises by 50% in value in 1 year like it did last year + this year after the halving and all that. You'd be getting 4% on top of 50% profit, which is awesome

But you should ask also if it is really worthy to spend our money in their since in this case 1 year is pretty far to wait and the only profit we can get is only 4% and we doesn't know on how long they would last since at the first place it is an online investment and we don't have any people to sue of if something bad happens to them. Maybe for short tempered people its not really suit for them to stake on this kind of investment type and also maybe it will be good to those risktakers who can afford to lose and can gamble what they have.

At least you are getting interest from a reputable member of the forum as well as a proven admin. Instead of investing in some dodgy ass bitcoin bank run by somebody in China that you have never heard of.

This is awesome if you are betting on bitcoin over the long run. I mean you get 4% stagnant doing nothing a year, on top of any profits that you would have made if you invested in the rise in bitcoin's price.

So don't complain too much, it is what it is, although poloniex and bitfinex lending will probably yield you a lot more.

If you want to get normal profit from freebitco, than you need to invest serious amount of bitcoins here since their 4% is low but they are very trustworthy not only here but in internet, simply many people's first step in bitcoin started from freebitco. And now thereis no doubt that some people prefers saving bitcoins in cold wallet because investing of huge amounts is still risk despite their reputation and with 1 btc, profit is so low, it doesn't worths to my mind.

Thanks for your endorsement - we appreciate it!

The thing is, people will believe and invest if a hyip is giving them 4% daily but won't invest in a company like this.
They'll not even think or imagine about how those sites will pay that much higher and won't even think for a second that they'll scam.
I think freebitco.in is a trustworthy site and investing would give you some extra money rather than keeping it in wallet.

Countries having high interest rates also have high rates of inflation so the purchasing power of your money there usually depreciates rapidly. High interest rates are usually set to encourage people to save rather than spend and thus bring inflation down back under control.

^^^ Exactly

Hell, this FreeBitco.in interest and the 25% commission (both paid DAILY) off the interest your referrals make is more lucrative than a signature campaign.

Where I live I can earn more than 8.4% annual interest safe mode. But the inflation is high and the money becomes less valuable each new month, so it's not adviced as the best deal to do... I'm sure the same applies for the country that guy says.

The good point by receiving the 4.08% annual interest here is that we are receiving interest in BTC, what means our money become more valuable each new day, much better than fiat saving accounts.

May I know where you live? It must be a country with an upcoming industry/economy as it isn't a joke to promise people 10-13% interest annually. The money they hand over to people must come from somewhere. Another thing, does the government guarantee people's money to a certain amount? I personally don't even get 0.5% interest over the money I have in my savings account. Other than saving for the purpose of having money aside for when you need it, there is no point into letting your money in your savings account.

 I live in one of those countries and I get like %13 in savings plus a ton of benefits as well like retirement funds. So %13 interest plus big bonus when I retire and something like a salary afterwards is great for me to ignore.

 HOWEVER, I think bitcoin is a greater investment, not the %4 part but BITCOIN in general is a lot better to keep until retirement, I think it will grow a lot more than %13 a year 30 years from now. So I want to keep my coins instead of turning it into fiat.

 Since I want to keep my coins in fiat and since this is the only realistic place I can get interest %4 is as good as I can hope for. Yeah there are places who offer you %100 monthly or like %10000 daily or whatever, but do you really trust those places? Those are all scam, we know freebitco.in, its old and trustworthy and it has many users, they don't even request a seperate account, just have 30k satoshi on your account and thats it, you get interest. You can use them as a wallet if you want and if you need your coins withdraw it anytime you want and if you don't need your coins just keep it there. Using them as a wallet brings more coins than any wallet out there.

 So yeah, if you believe bitcoin will increase in price, this is the best and most realistic offer you will ever get. If you want to risk getting scammed than yeah there are other places, if you want fiat, than yeah there are other places, if you want to keep bitcoins and get interest, this is as good as it gets.

10-13% interest where you live, where's that, Brazil? I need to get in on that game!

Here's a list of interest rates from around the globe: http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

The countries with savings interest rates (no lock in period, no risk) that exceed 4% are Brazil, China, India, Indonesia, Mexico, Russia, South Africa, and Turkey.

SO...if you live in these countries you can leave your money in the local currency in a savings account and likely make more interest than the 4% from FreeBitco.in.

BUT...you'll lose out on the appreciation opportunity that Bitcoin offers.

Don't confuse Bitcoin (a currency) with an investment in a company (a stock). If you have a Bitcoin balance, it should be earning interest, period. There's only one place I know of where that can happen: FreeBitco.in

I believe this is only good if you have spare bitcoins you don’t know what to do at the moment. Otherwise 4% yearly is lower than most banks.

If I am investing in bitcoin I would expect a lot more than 4% a year, I mean it is even riskier considering we don’t know if it will be hacked or not, I mean “hacked” or not. I would rather just exchange it to USD and put it in a bank that gives %10 to %13 where I live.

Tough 4% just gives the vibe that they are not after scamming people, 4% is a doable and believable investment return to actually be realistic.

It seems that you are indeed correct. I was struggling to find out exactly what ties they have with Coinbase, but it didn't result in anything.

Now with your information input it makes sense that they just want to give people the impression that they are affiliated with Coinbase.

Bitfinex is a shady exchange as they lost the trust from a lot traders in the whole Bitcoin industry at the time they suffered a massive loss due to a "hack".

Any service risking people's coins at the platform that Bitfinex operates is a direct no go for me, and so should be for others.

Bsave has nothing to do with coinbase. They just take coins from your coinbase account and lend it on Bitfinex. So, when bitfinex got hacked, savers had to take a 30% haircut (https://bitcointalksearch.org/topic/m.16016421). They are just misleading people into thinking that they are somehow affiliated with coinbase when they just link your coinbase account to their service (which any service can do using coinbase API).

Yes, 4% yearly is very low but then Freebitco.in has been there for many years and they have no intention of scamming people. So they are giving rates which they can really pay. Remember hyip sites which pay 4% daily are scams only.