Topic: [GUIDE] Best Crypto Investment Opportunities for Passive Income -2024 (Read 766 times)

Mistakes will be made, I don't blame freebitco.in for getting hacked (even though I probably should) but their lack of communication is what really worries me.

They have a large number of users and it would be very strange if such things did not exist. Earlier, I had a similar "bad" experience with them, I got the impression that their security was not very well done.
Of course, there is 2fa there as an additional security method, it should be activated.

I wouldn't trust them with more than $100

Multiple hack reports:

https://bitcointalksearch.org/topic/freebitcoin-serious-scamming-5495091
https://bitcointalksearch.org/topic/warning-attack-on-freebitcoin-account-5492456
https://bitcointalksearch.org/topic/freebitcoin-appears-hacked-monthly-prize-money-stolen-from-multiple-users-5495097

Yeah that kind of cap makes it more feasible to actually be able to sustain that 15% return for longer period of time.


I don't now, but I am not willing to risk my bitcoin in order to find out. 

It is the reason why I have not yet get into this website, although I have been putting money on freebitcoin. The 4.08% Per annum is feasible but 15% does raise some eyebrows.

They might be having other methods to use that money that gives them higher gains. They will not reveal these things to us, but investors will have to accept that those are high-risk ventures but they are profitable and just accept what they get without further questions.

However the site is running well and no legitimate scam accusation against the site either. So invest but at your own risk, you never know what the future holds.

Yes, it was like that when the fee was around 10-15 sat/vb.
I just note that in case someone wants to close the investment and withdraw Bitcoin from there, it is currently very expensive, and it seems that it will soon return to normal.


I waited a couple of weeks to make just one withdrawal, now the Runes idiots forced me to stake. 

Withdrawal fees on blackjack.fun are dynamic. Like how it is on freebitco.in but as far as I know it never reached these high levels on freebitco.in. When I began participating in this sig camp the withdrawal fee was as low as 3-6k sats.


When I made my first withdrawal after getting my first payment, I only paid 2.5k sats. I have been staking them ever since and getting paid hourly. The spammer will get bored at some point hopefully and we will be able to do whatever we want with our coins.


There is a hard cap on the amount they need and that's 20 btc. (not per user, it is a site-wide limit) So they are spending 3btc every year to pay investors. Do you think they can't afford to pay it?

I think it's not their fault, it's the viewers who have no idea who to follow. They fail to understand that these social presenters are making money out of the view and subscription, not by investing or advising any financial advice. They are good at video editing, and holding the interest of their audience.

I know the fees sucks. Recently I saw they have sportsbook which means there are a need for bankroll. Before it used to be the blackjack tables only. Any investment was meant to improve the project development.

 

Since theymos broke my post after the recent updates about m-xers (It is not allowed to link to jamemba anymore), I decided to make this post a web app and created passivecryptoin.com.  
Maybe people will find the info there useful as they did here so I will continue to update this website as other opportunities become available.
I'll leave this topic open so the discussion can continue but new updates will be available on the website from now on because I don't want to get banned for providing links or any pics to jamambo.
I wanted to add some back-end capabilities too but I fucked it up somewhere in the code and it didn't work as I planned so... static is what we got now :p

Logical question then is from where that 15% comes from? I surely hope they are not doing anything risky with pepple's money.

I mean, I know that freebitco has been around for many years, but much bigger players couldn't sustain even smaller returns so that's why this 15% seems to good to be true.

Royse is right here, they ^{Blackjack.fun} have been around for a long time and there have been no serious complaints about them, at least not on the forum. This gives a certain amount of trust.
What is debatable is what this staking is for, because the investors' funds do not participate in the casino bankroll, the profit does not depend on the winnings, and there is also no risk in the case of large winnings of the user.

Royse777, keep in mind that their withdrawal fee is quite high, for example, currently, it is 0.00288081 BTC. Although the staking funds are not locked, it is certainly not an option where you can withdraw funds whenever you want.

Everything you wrote here is right. Casuals and Youtubers have no business trading crypto until they learn enough to get certified in finance and investing.

Dunno, 15% apy seems kinda too high to me to be sustainable for a longer period of time and too be good to be true. And you know how things that sound too good to be true usually end in crypto.

Recently I am considering to invest some in Blackjack.fun since their interest rate is 15%. They are in the ecosystem for long time, Eva and the team also showed some great progress. But for 0.3%, it's too unnecessary. Centralized exchange, you risk your coins for almost nothing.

You are not hodling if you are investing. Hodling means keeping it. If you risk it in an investment, then you aren't anymore keeping it. You're sending it to another wallet, to a business, with the hope that it grows. However, it may not. You may even lose it. Hodling doesn't have that risk.

Why are you so disappointed with the return? Didn't you know beforehand, or even make rough computations, as to how much ROI you would receive in the end? I assume investors are informed in advance of the estimated APR of their investments.

If the APR is low, you can make a bigger investment to expect a higher profit. Increase the risk, increase the potential profit.

You guesstimate might actually not be that off, as I see that Binance offers measly ~0.3% apy on bitcoin.

Having said that, I just don't understand why would anyone with their right mind risk holding their bitcoin for such a low return. I mean, I could somewhat understand if we were talking about 5-10% (even though that is very risky too), but 0.3%??

I am interested to know how much was the locked bitcoin amount? Please don't say it's 1 or 1/2 mBTC :-D. I am considering to invest some in Blackjack by the way. I have had a chat with their management other day too. Hopefully my experience will have a good one.

I think it will be very insightful if some of the users of this forum are willing to share their own experiences on the above mentioned sites and additional sites that they are involved currently in, just like you mentioned about Binance. Indeed making <0.0001 BTC over three years, does suck, but I would also like to know what the capital was? That can give us an estimate of the per year return from this site.

My calculations for Bustabit are close to a range of 20-30% a year. I will post when the 1year completion happens so the OP can update that too.

Binance sucks as a way to make passive income, I've locked my bitcoins there for about 3+ years and my total profit form that hasn't even crossed the 0.0001 satoshi territory yet so it's better off just doing it in Blackjack, I'm planning to put in a thousand USDT there and hope for the best, I know it's not a lot but at the least I'm making something while I'm hodling, maybe I'd go with bitcoin but I'm still having second thoughts about that one.

It is the lack of experience in the markets. That person is a doctor, not a banker/fund manager. (Sometimes that won’t suffice too) He has zero information on risk management and money management. He might be a very good doctor but doesn’t mean he will be a very good investor. They are totally different professions which demand totally different skill sets.

Many crypto people learned to trade assets on the markets after they met crypto. Before crypto, they didn’t know anything about finance/stocks etc. So the idea of trading assets on the financial markets is too new to them.

They lack knowledge and education. They know nothing about risk management. Their minds are weak.

I too was one of those people and I too lost big potential gains in the past. I didn’t lose anything from my own pockets luckily but after reading many books about investing/finance/risk management I see now that I could very well have been that guy.

Once I read a forum user on WO and he said that he made his fortune before crypto, in the stock markets. That’s exactly where people should start learning about making investments before they do anything with crypto.

They don’t teach how to be a good trader in a medicine school too. People who became crypto investors learned it from the internet and there are far too much wrong info on the internet. Everyone has an idea but only a few has real information.

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Jesse Livermore. The guy who shorted the great depression rally a century ago. Became rich af. A couple years later, do you know what he did?