Topic: Would you trust your Bitcoins to a Bitcoin Bank with annual 10% interest rate? - page 9. (Read 10769 times)
December 07, 2015, 05:49:57 PM
Yes, I'd like to get on my BTC, but I wouldn't trust a sh*tty start-up though. I would only do it if HSBC, Credit Suisse, or a really old and respected large bank offers this kind of service. Hey, I believe in the blockchain, but I certainly don't believe all BTC entrepreneurs.
December 07, 2015, 05:13:27 PM
If it is a bank holded and cautioned by a big company, a even better, a big bank, why not 
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! 
December 07, 2015, 05:08:29 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here...Ofcourse there is.. Real banks offer interest rates under 1% at the moment.
Having a bitcoin bank offer 10x more is just screaming insane risks, there is not any option at the moment where they can make such an amount realistically.
December 07, 2015, 05:07:35 PM
i would say no because for yearly annual intrest 10% will be very low i can invest myself n other things and also i can manage my own bitcoin i know when to sell or buy or gamble invest etc...
December 07, 2015, 05:02:44 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here...the difference is that real banks are insured against loss
maybe; that depends who insured it against what kind of losses
December 07, 2015, 05:02:20 PM
Would you, or would you not?
No, because bitcoin is created against the idea of central banks that are controling money and when you put your bitcoin under bank control so you do not understand the purpose of it
December 07, 2015, 05:01:11 PM
The issue is not the interest rate, it is the level of trust that the company has. If a "bitcoin bank" offered a high interest rate, but showed very clearly how they used their deposited funds and how they were able to pay such a rate, then there is a real possibility that this would work. 10% interest rate is not incredibly high in the bitcoin world anyway.
December 07, 2015, 05:01:08 PM
Would you, or would you not?
No, because bitcoin is created against the idea of central banks that are controling money and when you put your bitcoin under bank control so you do not understand the purpose of it
December 07, 2015, 05:00:21 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here...the difference is that real banks are insured against loss
December 07, 2015, 04:58:28 PM
Hint : exchanges are the futurs "banks".
December 07, 2015, 04:57:14 PM
Based on the information you provide the answer is - no!
Will you put your money to bank which will just post such question?
Will you put your money to bank which will just post such question?
December 07, 2015, 04:56:47 PM
nope i would not.
December 07, 2015, 04:55:42 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here...the difference is that real banks are insured against loss
December 07, 2015, 04:53:50 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here... 
December 07, 2015, 04:53:09 PM
Would you, or would you not?
No 
December 07, 2015, 04:51:24 PM
no
Why not? If you store 100BTC, next year you've got 110 BTC. I know BTC is decentralized but holding your coins on your local wallet or exchange doesn't grow your amount.Neither does storing it in a bitcoin bank.
December 07, 2015, 04:50:48 PM
The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
That's why the answer is no.
That's why the answer is no.
December 07, 2015, 04:47:59 PM
no
Why not? If you store 100BTC, next year you've got 110 BTC. I know BTC is decentralized but holding your coins on your local wallet or exchange doesn't grow your amount. December 07, 2015, 04:35:24 PM
no
December 07, 2015, 04:33:32 PM
Would you, or would you not?
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