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Legendary Offline
Activity: 924
Crypto-Games.net: Multiple coins, multiple games
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.
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.
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:
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 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.
Jr. Member Offline
Activity: 42
Freebitco.in Community Manager
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.
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.
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.
^^^ 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.
Newbie Online
Activity: 28
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.
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.
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.
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Published at Mon, 10 Apr 2017 23:05:54 +0000
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