Freebitco.in is the best faucet till now I have seen and they are paying on time for their members. When it comes to the interest that they want to pay its members on the balance they have in freebitcoi.in is quite impressive, even the % of interest is also low 4.08% that is yearly.
But my only concern is how can they get the extra income to pay interest to the members, right now they are paying to its members from advertising revenue and for the yearly interest from where they are going get.
Topic: Freebitco.in launched a new feature. - page 2. (Read 2157 times)
I know most people on here wouldn't want to think that such a reputable company would go out and exit scam like this, but it just seems to perfect in order to do it.
The way I see it is if the owner does some sort of marketing blitz in order to get people to join on and put all their bitcoin on here as people are getting paid from it, then later on when they scam isn't getting enough new investors to cover the old one. Boom the site gets "hacked" or some bullshit like that.
It's the perfect scam, though I hope it'll never happen to anyone that puts their money on here.
As I really do think this is a way in the right direction to investing and saving money with bitcoin.
The way I see it is if the owner does some sort of marketing blitz in order to get people to join on and put all their bitcoin on here as people are getting paid from it, then later on when they scam isn't getting enough new investors to cover the old one. Boom the site gets "hacked" or some bullshit like that.
It's the perfect scam, though I hope it'll never happen to anyone that puts their money on here.
As I really do think this is a way in the right direction to investing and saving money with bitcoin.
4% is not a big interest and in some countries, you can get 6 to 8% when you deposit money in bank. However, if the Bitcoin prices keep increasing about 100% every year, investing in freebitco.in will be much better. But, we can never trust online inestment since they can turn into scammers whenever they want. Just keep the money in your pocket and you will realize how awesome it can be
I also received this same email from them yesterday. Right now, I'm still contemplating on whether to use it and set aside my unused bitcoin there. That feature is great if you have any bitcoin that's burning a hole in your wallet. 4% is still a profit/gain in my dictionary. And also, I think, credibility and trust is not an issue here because they are in the bitcoin community for quite some time now.
4% is an annual profit not monthly!
and that is too small a amount to evn think about investing in something that can run away. i am not saying the oldest faucet and possibly the biggest one is going to do that but in my experience investing bitcoin never ends well specially if the reward is this small.
an interesting feature indeed,unlike many ponzis this site has been running for too long and brings
too much of a profit to the owner to turn scam,it has a very good earning potential too
so you can see where the money are coming from
on the other hand, 4% annually is very low you could invest into dice casino bankrolls and earn much more than 4%
this one should be safer though,there is no risk for you to lose the investment body (unless you play at their dice game)
too much of a profit to the owner to turn scam,it has a very good earning potential too
so you can see where the money are coming from
on the other hand, 4% annually is very low you could invest into dice casino bankrolls and earn much more than 4%
this one should be safer though,there is no risk for you to lose the investment body (unless you play at their dice game)
Not really, wetsuit has quite a bit of BTC. He hit 2 blocks solomining recently, and has/had 100+ BTC in his personal address very recently. My guess is that the investments are being accepted to allow a larger gambling bankroll, and that Freebitco.in will be operating on a fractional reserve as it's a low chance that everyone would withdraw at the same time.
I received mail yesterday from freebitco.in, here is the mail:
"Dear FreeBitco.in user,
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.
Read more about this feature at https://freebitco.in/?op=home&tab=earn_btc
If you cannot remember your password, click the LOGIN button in the home page and then the FORGOT PASSWORD? link to reset your password.
FreeBitco.in - Win free bitcoins every hour, no strings attached!"
This sounds promising! I don`t know how much can this work, this way of saving. Generally I don`t like this schemes, but freebitco.in is here more then I`m, and their site was active before (I don`t know for last 6 months), can this be something good and positive?
I don`t have any coins there, but I plan to deposit some just to see does it work.
Any thoughts?
"Dear FreeBitco.in user,
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.
Read more about this feature at https://freebitco.in/?op=home&tab=earn_btc
If you cannot remember your password, click the LOGIN button in the home page and then the FORGOT PASSWORD? link to reset your password.
FreeBitco.in - Win free bitcoins every hour, no strings attached!"
This sounds promising! I don`t know how much can this work, this way of saving. Generally I don`t like this schemes, but freebitco.in is here more then I`m, and their site was active before (I don`t know for last 6 months), can this be something good and positive?
I don`t have any coins there, but I plan to deposit some just to see does it work.
Any thoughts?
This is a good feature to be implemented and I think the crypto world is ready for something like this. For those who might think its a ponzi, its not because what is being promised is achievable as what is being offered is 1.048* what ever I put in on an annual basis at the same time, the concern is where will the site get the interest to be paid?...
I also received this same email from them yesterday. Right now, I'm still contemplating on whether to use it and set aside my unused bitcoin there. That feature is great if you have any bitcoin that's burning a hole in your wallet. 4% is still a profit/gain in my dictionary. And also, I think, credibility and trust is not an issue here because they are in the bitcoin community for quite some time now.
Uhhhh. How is this funded? How is that btc being invested? I don't think this is a good idea. This means that withdraws won't be instant?
how about you follow the link and read the terms?
There is nothing on the page that mentions it. Why do you think I asked?
ever since Google AdSense blocked their account and no longer allowed them to use their advertising network, they have been trying way too hard to bring in more people and make money in other ways. from the lottery to rewards and all that weird stuff.
with this, they are officially desperate for money, if you want my opinion. although kudos to them for being the oldest faucet which is still big and around.
i just hope they don't scam people and run away!
with this, they are officially desperate for money, if you want my opinion. although kudos to them for being the oldest faucet which is still big and around.
i just hope they don't scam people and run away!
Not really, wetsuit has quite a bit of BTC. He hit 2 blocks solomining recently, and has/had 100+ BTC in his personal address very recently. My guess is that the investments are being accepted to allow a larger gambling bankroll, and that Freebitco.in will be operating on a fractional reserve as it's a low chance that everyone would withdraw at the same time.
Uhhhh. How is this funded? How is that btc being invested? I don't think this is a good idea. This means that withdraws won't be instant?
how about you follow the link and read the terms?
Uhhhh. How is this funded? How is that btc being invested? I don't think this is a good idea. This means that withdraws won't be instant?
The interest rate is very low, 4% annually? Who will freeze his money in a site for 4% annually?
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
4% is a terrific rate, actually
absolutely, plus you'll get payout every day = compounding. AND you can always withdraw, which is a huge plus.
The interest rate is very low, 4% annually? Who will freeze his money in a site for 4% annually?
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
4% is a terrific rate, actually
The interest rate is very low, 4% annually? Who will freeze his money in a site for 4% annually?
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
I think they should add more games if they want to attract new users, it is better than a low interest rate, while there are tons of investments programs that accept Bitcoin.
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Well it's not necessarily suspicious fortunately - this is about as high as returns can get while being legitimate. It does say that a part of your funds is used for user payouts though. This is extremely vague and could be indicative of a long-term Ponzi scheme - they should definitely clarify that the funds are only used to fund payouts in specified circumstances. Freebitco.in might be quite a trusted faucet but no site is ever 100% safe and for all we know this could be a desperate plea for money before they fail.
Freebitco.in needs to be more specific about the amount of funds that are used for mining and the other things that they mentioned.
Freebitco.in needs to be more specific about the amount of funds that are used for mining and the other things that they mentioned.
Nice service indeed. Yes, This sounds promising! But talking about hold our FreeBitco.in, to get earn 4.08% annual interest on any balance, without doing anything! In my opinion, it doesn't no longer safety to hold our BTC such of online site while we're already worried to use our online wallet. However, will keep an eye on this new feature.
We have always some fear about it. But you can use your faucet and gambling earnings in site to earn income from that. Or you can deposit an amount of BTCs you are afford to lose, an amount that you won't need later, like the money you use to gamble. They say the BTCs are well stored in paper and trezor wallets and all we need to do is to set a strong 2fa password...
Nice service indeed. Yes, This sounds promising! But talking about hold our FreeBitco.in, to get earn 4.08% annual interest on any balance, without doing anything! In my opinion, it doesn't no longer safety to hold our BTC such of online site while we're already worried to use our online wallet. However, will keep an eye on this new feature.
gambling site, dice site with faucet system can give return flat 4%/day(youre write about daily) but if 4%/yearly is very low i think is not good service
because is very high return
majority in gambling site investment use bankrool system only use profit share not use return flat profit
because is very high return
majority in gambling site investment use bankrool system only use profit share not use return flat profit
ever since Google AdSense blocked their account and no longer allowed them to use their advertising network, they have been trying way too hard to bring in more people and make money in other ways. from the lottery to rewards and all that weird stuff.
with this, they are officially desperate for money, if you want my opinion. although kudos to them for being the oldest faucet which is still big and around.
i just hope they don't scam people and run away!
with this, they are officially desperate for money, if you want my opinion. although kudos to them for being the oldest faucet which is still big and around.
i just hope they don't scam people and run away!
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