Well, let me put it this way.
0.2% per day is 73% in a year before compounding. No traditional investment will promise to give you a specific amount ever unless they are a scam. In cryptocurrency where the market is volatile, they are certainly a scam.
Now consider compounding. Your 5 BTC will not be worth 73% more than you put in after a year because it will compound each day. This means that in a year you will have 10.35 BTC, in two years you will have 21.46 BTC, and so on. If you were to leave your BTC in there for 20 years (figure out how to calculate compound interest), you would have 10,776,294 BTC, more than half of the amount that could EVER be created.
Does that sound like a safe investment to you? All the information that they give about it is that all that money comes from a "special fund".
0.2% per day is 73% in a year before compounding. No traditional investment will promise to give you a specific amount ever unless they are a scam. In cryptocurrency where the market is volatile, they are certainly a scam.
Now consider compounding. Your 5 BTC will not be worth 73% more than you put in after a year because it will compound each day. This means that in a year you will have 10.35 BTC, in two years you will have 21.46 BTC, and so on. If you were to leave your BTC in there for 20 years (figure out how to calculate compound interest), you would have 10,776,294 BTC, more than half of the amount that could EVER be created.
Does that sound like a safe investment to you? All the information that they give about it is that all that money comes from a "special fund".
When i closed investment, i got all of my coin and and also with interest. So far it still interesting and safe
It might pay you. It might pay you for quite a while. But sooner or later, it will steal everyone's money.This is the comment summarizing all the truth behind it. I was gonna write the same things. You cannot trust a exchanger to get btc interest. Soon or late, they will face problem to make your payouts. Stay away from this type of things.
Agree with all of you, this is something weird. I dont know how they generate income to pay investor, they only told us that they have special cost.
Even they have special cost, they got from dice, transaction fee, or etc. I also tried to make new doge investment plan and got warning "Doge coin must be equal with 5 btc" which mean investor planer very possible wont get ROI. So be carefull with this, i'm just worry if someday you can not withdraw btc from yobit
