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Economy => Gambling discussion => Topic started by: xz0708 on November 14, 2020, 08:15:39 PM



Title: 4% return - compounded DAILY
Post by: xz0708 on November 14, 2020, 08:15:39 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?


Title: Re: 4% return - compounded DAILY
Post by: arallmuus on November 14, 2020, 08:39:06 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

https://i.imgur.com/AFTMYf7.png

Please lock down this thread once you find satisfied answer to that


Title: Re: 4% return - compounded DAILY
Post by: LimLims on November 15, 2020, 04:20:03 AM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

The site no doubt is legit.
But i guess what arallmuus said you got it?
Basically the intrest provided by the site is Annually not and not only daily basis.
Moreover if you want same kind of investment, i would rather recommend you to open an intrest account at Blockchain wallet they too have almost the same rate of interest annually and is more trusted according to me.
Hope this helps you OP.


Title: Re: 4% return - compounded DAILY
Post by: pungopete468 on November 15, 2020, 01:37:36 PM
That's right OP it's legitimate but just like what arallmuus it's an annual interest (yearly) it's like in bank but if I'm not mistaken the interest on bank has a lower interest rate. To LimLims I didn't know that blockchain offers that maybe I'm not aware since I am not fan of using online wallets that doesn't allow you to hold your private key.


Title: Re: 4% return - compounded DAILY
Post by: Cacingkemi on November 15, 2020, 01:45:32 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

If you get a return of 4% per day, will there also be a disadvantage? Nothing in the world is for free. There are always risks involved.


Title: Re: 4% return - compounded DAILY
Post by: BlackFor3st on November 15, 2020, 08:28:01 PM
Giving 4% daily interest will kill their profit for sure as it will end up to 120% monthly base on 30 days calendar period. But one
of the members already give the clarification that instead of 4% daily, it is 4% annually which is pretty small which can be compared
to banks interest.

If you are looking for a good amount of interest then you can try the big exchanges like Binance as they offer staking or you can do
some research on where to find a better platform that will give you a better profit if you are going to stake your money.


Title: Re: 4% return - compounded DAILY
Post by: Fredomago on November 15, 2020, 08:41:56 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

If you get a return of 4% per day, will there also be a disadvantage? Nothing in the world is for free. There are always risks involved.

In terms of realizations  such offer is impossible  to sustain  more on ponzi schemes  to attract investors to put in  their money,  there's  no  way that  the business  will continue  providing  such huge amounts  of investors  interest  after placing  their money,  more on  a risky  sides if ever you find something  who  offers  this kind of promises.

Moving  back  to the topic, the question  was been answered right away,  it's not 4% daily  as how OP think of it. Not a good way  of investing  your money  if its not spared  but for passive  income  4% annually  still growth  overall its up to you  if you are willing to take the risk.


Title: Re: 4% return - compounded DAILY
Post by: Quidat on November 15, 2020, 08:59:11 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Since its had been mentioned above that this do talks about annual or yearly gain or interest of your deposit then lets talk about on that 4%/day
thing where you would really think that it will really be a good offer in the first place yet 120% in a month will be your gain.
No business on this world would really be offering such return and if you do think up carefully then you would really have second thoughts
and minding to check out that this is a yearly basis interest which i cant say it isnt bad after all rather than gaining 1-2% APY in banks
but well the risk isnt really that appealing.


Title: Re: 4% return - compounded DAILY
Post by: pixie85 on November 15, 2020, 10:14:05 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

If you get a return of 4% per day, will there also be a disadvantage? Nothing in the world is for free. There are always risks involved.

It's not per day. Yo have to read the post right below OP. It's all explained there.

4% per day is never legit. That would be 120% a month. Only ponzi schemes can offer that much. If it was legit nobody would be trading anymore as most traders barely make 10% a month. People who could earn 120% without lifting a finger would just put 0.1 bitcoin there and quit their day jobs. ;D


Title: Re: 4% return - compounded DAILY
Post by: jossiel on November 15, 2020, 10:27:32 PM
If you get a return of 4% per day, will there also be a disadvantage? Nothing in the world is for free. There are always risks involved.
Sure that there is a big disadvantage.

You might not receive that promised daily return as most of those offers are likely to be a scam. But freebitco.in is a legit casino and they wouldn't give an unreal percentage. And the same as the banks which I usually check their interest rates, others are finding it that it's like a daily or monthly percentage of profit and miscalculate the profit until they ask the support and understands it that it is an annual rate.

All clear that it is an annual rate.


Title: Re: 4% return - compounded DAILY
Post by: arwin100 on November 15, 2020, 10:28:34 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

If you get a return of 4% per day, will there also be a disadvantage? Nothing in the world is for free. There are always risks involved.

It's not per day. Yo have to read the post right below OP. It's all explained there.

4% per day is never legit. That would be 120% a month. Only ponzi schemes can offer that much. If it was legit nobody would be trading anymore as most traders barely make 10% a month. People who could earn 120% without lifting a finger would just put 0.1 bitcoin there and quit their day jobs. ;D

You didn't read his post and decide to cut it and actually he doesn't mean about 4% a day since he also clarifies the post of other user that it's 4% annually.

And I agree with you on your words since imagine 4% daily profits can get by depositors for sure it will never be sustainable to any platform and only scammers are really offering that.

But since there are so many answers provided better for OP to close the thread to avoid any discussion which totally not needed anymore here.


Title: Re: 4% return - compounded DAILY
Post by: fortunecrypto on November 16, 2020, 12:44:13 AM


It's not per day. Yo have to read the post right below OP. It's all explained there.

4% per day is never legit. That would be 120% a month. Only ponzi schemes can offer that much. If it was legit nobody would be trading anymore as most traders barely make 10% a month. People who could earn 120% without lifting a finger would just put 0.1 bitcoin there and quit their day jobs. ;D

OP obviously misunderstood the plan, I would mark the site HYIP or Ponzi scheme if it is 4% daily because it's not sustainable not even a big company or a bank can give you 4% daily interest but 4% annually with compounding is just right and sustainable I have never seen a site that can sustain even 3% daily interest I remember seeing a lot of program offering 3% and they are all reported and within a month the program was offline.


Title: Re: 4% return - compounded DAILY
Post by: cherryganda on November 16, 2020, 01:27:35 AM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Are you sure about this, if it is 4% that is 48% in 1 year and that is big and very favorable for the investor?
But I think, you just misunderstood dude, because as far as I know, 4% is good for 1 year. But I'm not exactly sure if it is
compounded. 



Title: Re: 4% return - compounded DAILY
Post by: stadus on November 16, 2020, 03:56:27 AM
I thought it was another scam platform, 4% daily is an automatic scam, good that OP was corrected.

freebitco.in is a legit site, been operating for many years, they would not offer something that will make them look a ponzi scheme.


Title: Re: 4% return - compounded DAILY
Post by: robelneo on November 16, 2020, 05:17:25 AM
FYI Freebitcoin is not the only one offering this kind of plan I  have  Abra (https://www.abra.com/) an exchange that operates in over 150 plus countries and they offer 4% annually on some of the coins that you deposited in their platform, it's sustainable,although I have not avail of the plan because I want to always in control of my coins in my custodial wallet.

The offer is sustainable and legit, a legit program will not offer 4% daily, if they do, people will be in a hurry to post them in the scam section.


Title: Re: 4% return - compounded DAILY
Post by: samcrypto on November 16, 2020, 05:22:15 AM
I thought it was another scam platform, 4% daily is an automatic scam, good that OP was corrected.

freebitco.in is a legit site, been operating for many years, they would not offer something that will make them look a ponzi scheme.
Usually scammers are offering this kind of promise return in just a period of time but Freebitco.in is not a scam site so I think there's a misunderstanding here and there's no legit site that will offer this program because this is a lot of money and casinos will lose if they implement this one. There's a big difference on the terms of annually and daily, we don't want to kill the excitement but yeah this is the reality.


Title: Re: 4% return - compounded DAILY
Post by: Lorence.xD on November 16, 2020, 05:27:35 AM
FYI Freebitcoin is not the only one offering this kind of plan I  have  Abra (https://www.abra.com/) an exchange that operates in over 150 plus countries and they offer 4% annually on some of the coins that you deposited in their platform, it's sustainable,although I have not avail of the plan because I want to always in control of my coins in my custodial wallet.

The offer is sustainable and legit, a legit program will not offer 4% daily, if they do, people will be in a hurry to post them in the scam section.
I was shocked when I saw the title, good thing I knew that Freebitcoin is a trusted and reliable site and that other people corrected OP. It is a common sense that it will be impossible to sustain that kind of offer to their customers. If you ever see one offer 4% daily, make sure to let them say it again to confirm because they might have misunderstood too, and if it is a repeat then chances are, it is HYIP.


Title: Re: 4% return - compounded DAILY
Post by: Wexnident on November 16, 2020, 07:31:16 AM
Well, it was right to doubt if you thought it was daily, but it isn't lucky enough. I doubted my eyes at first since freebitco.in is quite an old faucet/gambling site. I even played on it way back then, got a few withdrawals here and there but it only amounted to small ones. Any site, no matter what, if offered a 4% return daily, should really be doubted since there's probably strings attached to that deal, ones that you might not notice at a first glance.


Title: Re: 4% return - compounded DAILY
Post by: Yudhisthir on November 16, 2020, 09:23:51 AM
Freebitcoin has been one of the longest standing faucet at the moment. They started just as faucet, added the dice, added the interest bearing wallet and now even the sports and event betting. I also used them as my bitcoin wallet for some time as it's fees were cheaper than most others, provided interest and let withdraw to any wallet, even to multiple wallets within a minute. The reason I left it because everytime I put my coins for the interest, I always ended up gambling it away. Always wished it had separate wallet or maybe a locked one for interest and a separate one for the gambling.


Title: Re: 4% return - compounded DAILY
Post by: death69 on November 16, 2020, 10:28:49 AM
It is not a daily interest, it is annual interest. 4% is a small number compare to banks in my country. Some of them offer more than 6% a year.

It is your decision to choose their services. Freebitco.in is no doubt a legit website. They have been around for many years. Back in 2014, I used to earn bitcoin with their faucet and it was quite interesting. Now, I dont have much time to do it everyday. I have many other ways to earn money which is better

4% is small and personally I will not take their services.


Title: Re: 4% return - compounded DAILY
Post by: ReiMomo on November 16, 2020, 12:16:13 PM
Everyone is correct on this thread.

The 4% interest isn't on a daily basis instead it is the annual interest which makes it to 0.00273 BTC every day. To some, it may not be a big deal for they know exactly where and how they can gain better profits like in trading but the mere fact you find risky to trade I don't think 0.00273 BTC is not bad at all besides you don't need to do anything just send your bitcoins to them and earn the interest.

However, you still need to do research first and find if they are trustworthy in order not to be scammed.


Title: Re: 4% return - compounded DAILY
Post by: avikz on November 16, 2020, 02:49:59 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Everyone has spoken about the daily and annual interest here so I wouldn't speak about it again. However, I wouldn't encourage you to invest in such schemes. Even though freebitco is a long standing business but from my past experience, I have see whenever a big company plan for an exit scam, they usually roll out such plans so that they can acquire more money before it. So stay clear from it if possible!


Title: Re: 4% return - compounded DAILY
Post by: numanoid on November 16, 2020, 03:16:02 PM
Everyone is correct on this thread.

The 4% interest isn't on a daily basis instead it is the annual interest which makes it to 0.00273 BTC every day. To some, it may not be a big deal for they know exactly where and how they can gain better profits like in trading but the mere fact you find risky to trade I don't think 0.00273 BTC is not bad at all besides you don't need to do anything just send your bitcoins to them and earn the interest.

However, you still need to do research first and find if they are trustworthy in order not to be scammed.
Everyone except OP are correct to be exact.
0.00273 Btc daily? How did you get that number? I mean if 4% annually, it's means 0.0109% daily. If you can get 0.00273 Btc daily from investing in freebitco.in, it's means you must invest ~25 bitcoins on there (25 btc*0.0109% = ~0.00273). You have many bitcoins!


Title: Re: 4% return - compounded DAILY
Post by: Reid on November 16, 2020, 03:32:28 PM
It will kill the business if that happens.  ;)
1. They are a legitimate website that pays quick.
It's an easy target for those who have a large amount to deposit if 4% percent will be given daily in a blink.

Nevertheless, it is still a good offer to be more inviting to players.
Others don't offer that kind of bonus.
But, if you happen to look for investments in gambling sites.
You could click my signature and be redirected to a legit gambling site that offers investment.


Title: Re: 4% return - compounded DAILY
Post by: bitbollo on November 16, 2020, 03:47:25 PM
any website offering such return it could be just a scam :D and must not taken seriously, nor deserve any discussion. however as already reported this is a yearly return (payed daily). yes this site is well known and trusted, they are online /paying /mining since few years.


Title: Re: 4% return - compounded DAILY
Post by: imstillthebest on November 16, 2020, 04:17:25 PM
any website offering such return it could be just a scam :D and must not taken seriously, nor deserve any discussion. however as already reported this is a yearly return (payed daily). yes this site is well known and trusted, they are online /paying /mining since few years.
lol . you got me there bro .  i thought you didnt read the next replies and the op also almost got me if i didnt scrolled down but i was thinking twice at first if the 4 percent is big enough or not and he didnt also put if what day or time the 4 percent is going to be paid .

 i know freebit was a legit site and it got me thinking instantly so i look for other replies and that was it , it wasnt daily or weekly etc but it was per year  . 4 percent are gonna be looking small to that but still it was a passive income .


Title: Re: 4% return - compounded DAILY
Post by: ChrisPop on November 16, 2020, 04:19:46 PM
Personally, I wouldn't hold cryptocurrencies on any gambling website even if it offers 10% interest. There are much better solutions on the market with public persons in the backend from the financial sector. If you're solely looking to earn interest I would look for them.

Don't get me wrong, this online casino has been in the space for a long time and it has some kind of authority, but how much authority can a gambling website have when it comes to managing finances?


Title: Re: 4% return - compounded DAILY
Post by: Silberman on November 16, 2020, 04:33:55 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
As it has been clarified it is not 4% daily but 4% annually which is a huge difference, anyone that claims that can give you 4% daily is trying to lie you and deceive you, no exceptions, but a 4% annually is completely possible, however this is the problem, are you going to be willing to give up having complete control over your coins just for a 4% increase increase on your capital especially when those kind of results can be gotten by making a single bitcoin trade during the year? To me it doesn't sound like an attractive option at all.


Title: Re: 4% return - compounded DAILY
Post by: Lanatsa on November 16, 2020, 04:45:51 PM
Personally, I wouldn't hold cryptocurrencies on any gambling website even if it offers 10% interest. There are much better solutions on the market with public persons in the backend from the financial sector. If you're solely looking to earn interest I would look for them.

Don't get me wrong, this online casino has been in the space for a long time and it has some kind of authority, but how much authority can a gambling website have when it comes to managing finances?

Never ever in my life on considering on putting up my funds on any platforms here on crypto yet we wouldn't know on what would happen in upcoming months or years
because nothing can really last forever and even if you do talk in 1 year time then it would be worth that you are just the only one who do hold your own coin.
Not your keys then its not your coin.

4% isn't really worth for the risk on your funds and I would rather be that confident if you don't put it up on any services outs there that do offer APY returns.

I do rather choose up banks.


Title: Re: 4% return - compounded DAILY
Post by: bitgolden on November 16, 2020, 06:06:29 PM
Even at 4% yearly rate, that is not bad at all, on contrary that is quite awesome to get that return. You know why? Because they are doing that in bitcoin, not dollars or any other currency but bitcoin. So, you put your bitcoin in there and they give 4% more bitcoin after a year, meanwhile your bitcoin grows in value compared to dollars as well.

Just to give an example if you invested at the start of this year, just 1 bitcoin, you would have spent 7 thousand dollars, if the year ends with bitcoin at $16k (not going up or down) that means you have already made about 9 thousand dollars profit there as it is, plus that 4% profit from bitcoin which would make it 1.04 bitcoin and that 0.04 at $16k would be another 600 or so dollars, so you would nearly have $10k profit. So, it is not just the interest you get, it is interest in bitcoin you get. No bank can offer you this much profit.


Title: Re: 4% return - compounded DAILY
Post by: toast on November 16, 2020, 06:45:47 PM
if that's daily i'm pretty sure that it's a scam one. but i really think you just misread it or you just missed the "annual" thing, i really can tell that freebitco.in is a legit website and i've played on that website before.


Title: Re: 4% return - compounded DAILY
Post by: acener on November 16, 2020, 07:00:25 PM
Just like what others have said it is not daily but an yearly profit.
Freebitco.in has been well known as a faucet by most of the newbies and I think they lived up to their promise all the time.
But I wouldn't trust any gambling and even trading site to hold my crypto for too long I want to be the one to hold my crypto not your keys, Not your coins always remember it.

P.S Not that I don't trust the site but there could be a possibility  that some hackers might penetrate the site that is why I don't keep my crypto for too long on gambling and trading site it is better to be safe than sorry.


Title: Re: 4% return - compounded DAILY
Post by: dimonstration on November 16, 2020, 08:05:26 PM
if that's daily i'm pretty sure that it's a scam one. but i really think you just misread it or you just missed the "annual" thing, i really can tell that freebitco.in is a legit website and i've played on that website before.
4% daily interest is too good to be true, there is no other casino or investment platform who will put such interest atleast the website explain it's annual but their daily interest term is confusing that can make others do really excited as they can get interest daily. Sometimes marketing just really needs good wordings to attract customer, there are words that we will just focus on without understanding the whole statement, it's happen to me sometimes in some promo advertisement.


Title: Re: 4% return - compounded DAILY
Post by: Twentyonepaylots on November 16, 2020, 09:40:48 PM
Checked it. It says compounded daily indeed but you may have missed something important. It says there that the 4% you're talking about is the annual interest rate. You can withdraw your deposits everyday though for a daily increase of .11% which is not really beneficial. So yeah, you just got bamboozled. Try to read more before letting your emotions overcome your logic.


Title: Re: 4% return - compounded DAILY
Post by: Smartvirus on November 16, 2020, 10:39:06 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

https://i.imgur.com/AFTMYf7.png

Please lock down this thread once you find satisfied answer to that
You see, that's the problem with legit stuff, it offers you what is in itself real and can be archived but it's value always makes you feel cheated and that's it. It's always a matter of, can you go through with it? Would you rather invest instead of patience? Does the interest rate seems enough reward for you?
But then, when you get to a scam site promising a high ROI, you get scared and skeptical which is the best thing to do so for me, it all goes down to you finding a way that you can be in control of your activities. If you can resolve that, then your good to go.


Title: Re: 4% return - compounded DAILY
Post by: aesma on November 16, 2020, 11:26:14 PM
freebitco.in is a faucet and gambling website. You should use it for that, and the interest is just something on top, since you can't withdraw small amounts anyway.


Title: Re: 4% return - compounded DAILY
Post by: Silberman on November 20, 2020, 04:33:15 PM
Even at 4% yearly rate, that is not bad at all, on contrary that is quite awesome to get that return. You know why? Because they are doing that in bitcoin, not dollars or any other currency but bitcoin. So, you put your bitcoin in there and they give 4% more bitcoin after a year, meanwhile your bitcoin grows in value compared to dollars as well.

Just to give an example if you invested at the start of this year, just 1 bitcoin, you would have spent 7 thousand dollars, if the year ends with bitcoin at $16k (not going up or down) that means you have already made about 9 thousand dollars profit there as it is, plus that 4% profit from bitcoin which would make it 1.04 bitcoin and that 0.04 at $16k would be another 600 or so dollars, so you would nearly have $10k profit. So, it is not just the interest you get, it is interest in bitcoin you get. No bank can offer you this much profit.
When you think about it in those terms their offer makes even more sense however I am not completely sold on the idea of giving someone else custody of my coins for such a low yearly rate, especially when anyone that knows anything about trading can obtain way more than that with just a few trades or even with a single one, so I still think that their offer even if legitimate is not as attractive as it could be and anyone that is interested in it should instead learn how to trade.


Title: Re: 4% return - compounded DAILY
Post by: TopT3ns on November 20, 2020, 04:54:50 PM
freebitco.in is a faucet and gambling website. You should use it for that, and the interest is just something on top, since you can't withdraw small amounts anyway.
well what makes freebitco.in can have a very good reputation because there is a faucet that can give us some bitcoins for free just by rolling, until now the gambling place that is still surviving is this gambling place, hopefully freebitco.in has a longer life long.


Title: Re: 4% return - compounded DAILY
Post by: johhnyUA on November 20, 2020, 05:30:19 PM
Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

If it in BTC, when it's enough sweet proposition. At least on bullish market  :D
But as we know, to hold your money on exchange, casino or another such things it's enough risky (this is doesn't matter how trusted the project it is, no offense to freebitcoin. This is life and everything shit happens)


Title: Re: 4% return - compounded DAILY
Post by: adzino on November 20, 2020, 06:24:33 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.


Title: Re: 4% return - compounded DAILY
Post by: Mahanton on November 20, 2020, 06:54:16 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.


No matter how reputable it is, we shouldnt really be that too confident on leaving our bitcoin there and come to think that if we do just held off our own coins into our own wallets and on the sudden price increase or change in the market then we had already earned more that 4% on what they had promised.Well, no one had been forced to invest or park their coins though since it isnt really that too sensible on doing such act
but surprisingly there are still people who do really recognize on putting up their coins just for the sake of that 4% annual gains which i dont see for it to be worth for the risk that you had been putting into.
Freebitco is been here for years and also a reputable one but still cant put up 100% trust when it comes to fund handling.


Title: Re: 4% return - compounded DAILY
Post by: bitgolden on November 20, 2020, 08:22:22 PM
When you think about it in those terms their offer makes even more sense however I am not completely sold on the idea of giving someone else custody of my coins for such a low yearly rate, especially when anyone that knows anything about trading can obtain way more than that with just a few trades or even with a single one, so I still think that their offer even if legitimate is not as attractive as it could be and anyone that is interested in it should instead learn how to trade.
If you trust yourself as a trader there is no reason to not spend that money on trading and making a bigger return, people who believe they can make a much bigger return than 4% trading bitcoin already does it (either successfully or failure) but this is not for them neither. This is for people who just buy bitcoin and forget about it, if you do not like trading, and you do not want your money to rot in some wallet forever doing nothing, you put it here and they will give you return for your money.

Obviously there is a security issue with your money when you trust it to someone else but this is a HUGE company and I feel like hackers or anyone else can get my money easier when it is with me compared to when it is with them, so I trust them more than I trust myself to keep my coins safe.


Title: Re: 4% return - compounded DAILY
Post by: johhnyUA on November 20, 2020, 08:30:51 PM
This is for people who just buy bitcoin and forget about it, if you do not like trading, and you do not want your money to rot in some wallet forever doing nothing, you put it here and they will give you return for your money.

Obviously there is a security issue with your money when you trust it to someone else but this is a HUGE company and I feel like hackers or anyone else can get my money easier when it is with me compared to when it is with them, so I trust them more than I trust myself to keep my coins safe.

He he.

Cryptopia was also huge australian exchange.
BTC-E was maybe the hugest bitcoin exchange.
The same with endless exchanges and wallets. The same can happen with casino, no matter how huge and old it is. I'm not telling about scam or something like that, but reasons beyond (like regulations for example)





Title: Re: 4% return - compounded DAILY
Post by: clickerz on November 20, 2020, 08:41:01 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.


I think so, sounds like a High Yielding Investment Program or an HYIP, which at first looks attractive but not sustainable in the long run. But I have an account too on freebico.in but did not login for several months, will check this. The thing that they stay online for several years means they are okay and doing good, but this offering is something new that needs to be reviewed.


Title: Re: 4% return - compounded DAILY
Post by: stadus on November 20, 2020, 10:26:35 PM
I think so, sounds like a High Yielding Investment Program or an HYIP, which at first looks attractive but not sustainable in the long run. But I have an account too on freebico.in but did not login for several months, will check this. The thing that they stay online for several years means they are okay and doing good, but this offering is something new that needs to be reviewed.
Yes, freebico.in is a reputable site, they are in here for many years so they would not offer something crazy. By the way mate, it's not per month or per day, it's a daily interest which is compounded, there's nothing to review here in their side, but our side because we misread or misinterpret it.


Title: Re: 4% return - compounded DAILY
Post by: BALIK on November 20, 2020, 10:41:47 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.
Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.


Title: Re: 4% return - compounded DAILY
Post by: STT on November 20, 2020, 10:46:17 PM
For regular users its a great feature and the company itself can justify it from the greater usage and participation by account holders.   The whole site seems to be sensibly run and scales alongside price moves so remains likely to stay balanced to normal gambling risks.    As said at the start 4% is nice but only amounts to a small amount paid daily, its convenient more then any giant amount but anything looks good compared to normal bank accounts and lately BTC has been rising so much it looks silly not to be a holder.
   My outlook on the interest is to just take it as my daily allowance to place on event bets, free money to bet rather then any great profit.


Title: Re: 4% return - compounded DAILY
Post by: Shasha80 on November 20, 2020, 11:05:08 PM
Like the opening post misunderstood, the daily 4% return was huge. The truth is 4% yearly interest, so be careful when reading the rules
on the Freebitcoin site. In my opinion, what Freebitcoin sites offer for 4% annual interest rate every year is very small and not feasible to run.
While the interest offered by banks is much higher, but if investors do not like high risks, investing in the Freebitcoin site can be the right choice.
Moreover, the Freebitcoin site already has a good reputation, so it is very safe and legitimate.


Title: Re: 4% return - compounded DAILY
Post by: Maslate on November 20, 2020, 11:15:10 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.
Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.

Can you given an example of some trading sites that offers the same with a higher interest?

I'd love to check them out, 4% compounded is already good for me as long as you can trust where you deposit your money, but if there's a higher amount than that, then I would not hesitate putting my money to them, the only risk is on the site going scam but it's unlikely for a long time running site.


Title: Re: 4% return - compounded DAILY
Post by: Beparanf on November 20, 2020, 11:24:12 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually.
Even with 4% annual interest isn't that great. If you're thinking of depositing money in a casino account only to accrue the interest rate then you're definitely not looking into the right place.

There are plenty of exchanges which can give you better rates than that, so I wouldn't risk a large amount of money on a casino for the sake of interest, unless of course, your deposit is for betting and as a bonus on the side you get a small % of the interest paid daily.

Can you given an example of some trading sites that offers the same with a higher interest?

I'd love to check them out, 4% compounded is already good for me as long as you can trust where you deposit your money, but if there's a higher amount than that, then I would not hesitate putting my money to them, the only risk is on the site going scam but it's unlikely for a long time running site.

If you read the 2nd user on your quoted statement, Freebitco.in didn't offer a 4% compound interest daily. The OP misunderstood it. 4% is the approximately annual interest so obviously some lending on exchange like binance gives higher interest rate rather than the casino offer. Try check out coin staking on Uniswap and Sushi swap. The APY percentage is very high that is close to the value of compounding interest.


Title: Re: 4% return - compounded DAILY
Post by: goinmerry on November 20, 2020, 11:35:40 PM
While the interest offered by banks is much higher, but if investors do not like high risks, investing in the Freebitcoin site can be the right choice.
Moreover, the Freebitcoin site already has a good reputation, so it is very safe and legitimate.

It's already a high risk. Imagine you will put your money on a website for just a 4%interest. It's just good to those regular users of Freebitco.in but for investment, it's not recommended.

In bank you are covered by the law so it's more safe even they will run away or become a bankrupt. Not saying Freebitco.in will run but not totally comfortable to stored my money there for years just to take advantage of 4% annual interest.


Title: Re: 4% return - compounded DAILY
Post by: Viscore on November 20, 2020, 11:38:55 PM
That 4% daily return is really a thing to look at and mostly we think it was a scam. I'm going to worry with you if you are visiting the correct site of the freebitco.in/, not the phishing site because there is no such rule in them but just a 4% annual return, not DAILY.

I believe that OP has already getting the answer and not even seeing him replying on the thread.


Title: Re: 4% return - compounded DAILY
Post by: crzy on November 20, 2020, 11:51:51 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
That’s not true because its annual computation and not daily, I don’t expect this big profit on a legit site. Anyway, if someone promise you a daily profit like this, then you should stat away from that project because sooner or later, It’ll become a dead project, I don’t bite on any marketing strategies like this, that’s not good.


Title: Re: 4% return - compounded DAILY
Post by: FinneysTrueVision on November 20, 2020, 11:59:28 PM
Unless you're a big whale it does not seem worth it leave your coins in a casino just to get 4% yearly interest. You can usually make much more than that investing in casinos where they let you invest in their bankroll. It does have more risk though because you are not guaranteed a profit and could end up with a loss.


Title: Re: 4% return - compounded DAILY
Post by: ardentvolcanoes on November 21, 2020, 12:05:00 AM
Unless you're a big whale it does not seem worth it leave your coins in a casino just to get 4% yearly interest. You can usually make much more than that investing in casinos where they let you invest in their bankroll. It does have more risk though because you are not guaranteed a profit and could end up with a loss.

Still even you are a big whales entrusting your money with such small annual interest, more better to put it into time deposit where you have

insurance just in case problem may take place, unlike with this offer what if hacked happened not because the site already exist for such a long

time and already have reputation, there's no chance for you to recover your money.


Title: Re: 4% return - compounded DAILY
Post by: janggernaut on November 21, 2020, 02:03:48 AM

Still even you are a big whales entrusting your money with such small annual interest, more better to put it into time deposit where you have

insurance just in case problem may take place, unlike with this offer what if hacked happened not because the site already exist for such a long time and already have reputation, there's no chance for you to recover your money.
AFAIK mostly time deposit in bank (in my country) only offer around 3-5% annual interest, so its not far from what freebitco.in offer.
I don't know whether you will get compensation if your investment hacked on freebitco.in or not, but they are very old site since 2013, so i do believe they won't make their investor dissappointed


Title: Re: 4% return - compounded DAILY
Post by: LogitechMouse on November 21, 2020, 02:17:27 AM
Unfortunately after receiving the answer from the first reply, the OP didn't post anything again :D.
It has been answered already so I just hope that the OP will get online and lock the thread already :D.


Title: Re: 4% return - compounded DAILY
Post by: peter0425 on November 21, 2020, 03:06:47 AM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

https://i.imgur.com/AFTMYf7.png

Please lock down this thread once you find satisfied answer to that
Fait enough to believe because 4% daily is a BS promises and will only sounds scam or Ponzi in part of  Freebitco.in in which they are proven legit and good at this gambling business so they will not risk their good reputation just for this.
Unfortunately after receiving the answer from the first reply, the OP didn't post anything again :D.
It has been answered already so I just hope that the OP will get online and lock the thread already :D.
and very clear explanation,enough for all to understand and believe the what freebitco.in offers to everyone.


Title: Re: 4% return - compounded DAILY
Post by: freedomgo on November 21, 2020, 10:50:36 AM
I think this thread have stayed far enough, the thread is very mislead if posters will just post right away without reading.

There were corrections in the thread already, let's not continue discussing it anymore as it doesn't make sense anymore.

The interest is annually, 4% and compounded, that's the information of this topic that everyone needs to know.


Title: Re: 4% return - compounded DAILY
Post by: btc78 on November 21, 2020, 11:03:31 AM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

https://i.imgur.com/AFTMYf7.png

Please lock down this thread once you find satisfied answer to that
This answers it all ,and i'm sure even OP understand what this account explains so i think this thread "Must Be locked" either by OP or by Mod because this will attract spam for sure.

because i don't think there is any gambling site that will promise a 4% daily profit lol.

4% Annually is too small,but if you are not in a hurry and wanted safe investments then this is applicable for you.


Title: Re: 4% return - compounded DAILY
Post by: Krislaw on November 21, 2020, 06:51:47 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Its not 4% daily but 4% anually ( every year ) but you will get your interest daily. It breaks down to around 0.011% everyday and if you keep on compunding it, it will hit around 4% anually. Not a sweet deal but if you got something to put in then its all good but I wouldnt really recommend to put in big amount just for the sake of getting 4% anually

They even put it up on their website about this

https://i.imgur.com/AFTMYf7.png

Please lock down this thread once you find satisfied answer to that


4% Annually is too small,but if you are not in a hurry and wanted safe investments then this is applicable for you.

I agree with you, especially if the amount is small. As a whale, that would be a good return. And also better if funds are well insured by the website in case of any unforeseen circumstances.
I hope this thread gets locked soon by OP.


Title: Re: 4% return - compounded DAILY
Post by: Ryker1 on November 21, 2020, 07:02:35 PM
Well, it is an annual interest rate being compounded on a daily basis which will make it 0.0109% that you will earn as the interest every day or at least $20 and some cents on a daily basis which is too low if you are aiming for a better profit on your bitcoins, -- rather you might as well do tradings which could give you the chance to earn higher profit. However, if you are afraid of the risk in trading a 4% annual interest rate to be compounded on a daily basis is not bad at all but you still need to do some research and background checking before you decide to deposit your bitcoin just for security and not to be scammed.


Title: Re: 4% return - compounded DAILY
Post by: dimonstration on November 21, 2020, 07:14:28 PM
Well, it is an annual interest rate being compounded on a daily basis which will make it 0.0109% that you will earn as the interest every day or at least $20 and some cents on a daily basis which is too low if you are aiming for a better profit on your bitcoins, -- rather you might as well do tradings which could give you the chance to earn higher profit. However, if you are afraid of the risk in trading a 4% annual interest rate to be compounded on a daily basis is not bad at all but you still need to do some research and background checking before you decide to deposit your bitcoin just for security and not to be scammed.
There are more investment companies that can offer more than 4% annual interest like in my country were mobile banks apps  offers this interest if you add or create account in one of their feature saving accounts. Though every investment have a risky it will depend on how long we will be able to wait or how we will gonna search throughly to find the one that will suits our interest best. But if we already know how to trade then better trade to make it gain depending on our skills.


Title: Re: 4% return - compounded DAILY
Post by: tippytoes on November 21, 2020, 07:35:54 PM
Well, it is an annual interest rate being compounded on a daily basis which will make it 0.0109% that you will earn as the interest every day or at least $20 and some cents on a daily basis which is too low if you are aiming for a better profit on your bitcoins, -- rather you might as well do tradings which could give you the chance to earn higher profit. However, if you are afraid of the risk in trading a 4% annual interest rate to be compounded on a daily basis is not bad at all but you still need to do some research and background checking before you decide to deposit your bitcoin just for security and not to be scammed.
There are more investment companies that can offer more than 4% annual interest like in my country were mobile banks apps  offers this interest if you add or create account in one of their feature saving accounts. Though every investment have a risky it will depend on how long we will be able to wait or how we will gonna search throughly to find the one that will suits our interest best. But if we already know how to trade then better trade to make it gain depending on our skills.

The offering of freebitco is favourable to those regular players on their site. If they are holding funds on that site, then better earn interest as well right? So this is the reason why I believe they are not competing with other sites offering more competitive annual interest because they are not really into this business. Take it as added bonus if you are a regular on their site.

And it seems that it will be long before the OP locked this as he is not online for about a week.


Title: Re: 4% return - compounded DAILY
Post by: numanoid on November 24, 2020, 10:55:44 AM

The offering of freebitco is favourable to those regular players on their site. If they are holding funds on that site, then better earn interest as well right? So this is the reason why I believe they are not competing with other sites offering more competitive annual interest because they are not really into this business. Take it as added bonus if you are a regular on their site.

The offering is kinda unique actually for me. No one site offer kind of interest of investment just like freebitco.in, you could only find a site which offer investment option but not about annual interest. If you trust them with your money, go for it.

Quote
And it seems that it will be long before the OP locked this as he is not online for about a week.

You can always report to moderator to lock this thread if OP didn't come back.


Title: Re: 4% return - compounded DAILY
Post by: Natalim on November 24, 2020, 11:01:02 AM

The offering of freebitco is favourable to those regular players on their site. If they are holding funds on that site, then better earn interest as well right? So this is the reason why I believe they are not competing with other sites offering more competitive annual interest because they are not really into this business. Take it as added bonus if you are a regular on their site.

The offering is kinda unique actually for me. No one site offer kind of interest of investment just like freebitco.in, you could only find a site which offer investment option but not about annual interest. If you trust them with your money, go for it.
This is unique as you will not lose on this investment, it's similar to depositing your money in the bank and let it earn interest annually, that's likely the scenario here and as long as the site continues to operate profitably, you are guaranteed with a profit.


Title: Re: 4% return - compounded DAILY
Post by: Fortify on November 24, 2020, 11:02:48 AM
It is not legitimate AT ALL. Sites offering this sort of service always turn out to be a kind of ponzi scheme and it is simply impossible for any sort of legal business to offer such a rate of returns. They are likely trying every trick in the book to gather as much bitcoin before they will do a vanishing act. It is very easy to give the illusion of 4% returns, while it fools more people into depositing more and more. No real business orientated individual would put a single cent into such a scheme, as it is clear it will turn into a fraud. Once your bitcoin is given over to them, you will have zero ability to control what happens to it and there is an extremely high possibility you won't get it back again. It is nothing like a bank paying you interest. Banks lend deposits out to others and make the profit on a difference between deposits to loans/mortgages. This site has no other side to generate a profit which would allow them to pay out that return.


Title: Re: 4% return - compounded DAILY
Post by: bitcoin31 on November 24, 2020, 11:19:19 AM
I suggested to lock this thread because there is a lot answered who alread gave to the Op's question.
It ia annual interest not daily because a gmablung sited once you they offered an investment it is not big because they offer only a little percentage of the money that you putted in their system they have different rate but they nearly to each other.


Title: Re: 4% return - compounded DAILY
Post by: peter0425 on November 24, 2020, 11:36:39 AM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
I support the first answer above and i think that is legit,4% annually and not Daily.

Freebitco.in is a legit company that has been advertising in this forum and they will never promise ponzi thing towards the community.

But 4% is too small for me,i think i rather choose investing in altcoin.


Title: Re: 4% return - compounded DAILY
Post by: numanoid on November 24, 2020, 11:39:20 AM

This is unique as you will not lose on this investment, it's similar to depositing your money in the bank and let it earn interest annually, that's likely the scenario here and as long as the site continues to operate profitably, you are guaranteed with a profit.

Yeah you are correct. Most of important, you don't need wait too long to able invest your money and get annualy interest from them, while in bank, you need to do a lot before you can invest your money, mostly bank have lot of requirements before we can invest on them.


Title: Re: 4% return - compounded DAILY
Post by: XZERO1 on November 24, 2020, 11:56:36 AM
As others mentioned it's 4% annually and I suggest you to not look for any platform that gives you that much return in such a short period of time because in that case they are either scam or will stop paying you along the way at some point, you can hold and use staking features on many wallets/exchanges and gain anything between 2 to 20% yearly depending on the coin/token, some exchanges support BTC for staking but usually interest per year doesn't go higher than 4-5%, usually the more risky coins to hold offer a better APY but then again they can go down in price more than you earned in that period of time and you could end up even losing something at the end.

Better to not use exchanges for staking if you want to hold these coins for a long period of time though and it's always way better to send them to your own personal wallet and start staking there.


Title: Re: 4% return - compounded DAILY
Post by: Astvile on November 24, 2020, 12:14:50 PM
Is this a serious thing?  freebitco.in/ - scroll down 1/2 way of page.  EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
I support the first answer above and i think that is legit,4% annually and not Daily.

Freebitco.in is a legit company that has been advertising in this forum and they will never promise ponzi thing towards the community.

But 4% is too small for me,i think i rather choose investing in altcoin.
4% may sound small, but if we compare that when you are placing and letting your money sleep in a bank 4% is already big in annual returns. If you want more possible profit from investing in gambling site you can always find websites that offer its users to invest into their bankroll, there is a good chance that you might win but there is still a chance also that you will lose some of your investment.


Title: Re: 4% return - compounded DAILY
Post by: Gotumoot on November 24, 2020, 10:06:08 PM
As others mentioned it's 4% annually and I suggest you to not look for any platform that gives you that much return in such a short period of time because in that case they are either scam or will stop paying you along the way at some point, you can hold and use staking features on many wallets/exchanges and gain anything between 2 to 20% yearly depending on the coin/token, some exchanges support BTC for staking but usually interest per year doesn't go higher than 4-5%, usually the more risky coins to hold offer a better APY but then again they can go down in price more than you earned in that period of time and you could end up even losing something at the end.

Better to not use exchanges for staking if you want to hold these coins for a long period of time though and it's always way better to send them to your own personal wallet and start staking there.
I agree with you if you want a passive income then try staking it is better and have a higher income than 4% per year.
But I would suggest that only use a top list alt-coin to use for staking.


Title: Re: 4% return - compounded DAILY
Post by: Marma Kalari on November 24, 2020, 11:33:28 PM
Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
The math is not right, how on earth it is possible for anyone to give out compound interest on a daily basis and it will not make any changes. The market is rising and you will find many scammers and i do not think the site mentioned will not provide any crazy claims and the said site is legit but never fall for scams and copy cat sites trying to run away with your money.


Title: Re: 4% return - compounded DAILY
Post by: shoreno on November 25, 2020, 11:47:38 AM
Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
The math is not right, how on earth it is possible for anyone to give out compound interest on a daily basis and it will not make any changes. The market is rising and you will find many scammers and i do not think the site mentioned will not provide any crazy claims and the said site is legit but never fall for scams and copy cat sites trying to run away with your money.
the calculation of 4percent interest is right but the op only missunderstood it . i dont want to explain again because it was already explained by other forumers .

they can make  changes if they want to because that 4percent interest per year can mean alot if price of btc pump too much but scammers doesnt affect it or you mean abusers that make many acounts to abused this feature ? that can still be useless because they still need to put money , they need to dedicate time  . that just simply not worth it


Title: Re: 4% return - compounded DAILY
Post by: janggernaut on November 25, 2020, 12:53:11 PM

they can make  changes if they want to because that 4percent interest per year can mean alot if price of btc pump too much but scammers doesnt affect it or you mean abusers that make many acounts to abused this feature ? that can still be useless because they still need to put money , they need to dedicate time  . that just simply not worth it
Annual interest for 4% isn't changeable. It's fixed.
He meant there will be new site pop up trying to copy freebitcoin's  offer and then many people could be get scammed. What's the point to make multiple accounts and then all invested on freebitcoin? Doesn't make sense


Title: Re: 4% return - compounded DAILY
Post by: carlfebz2 on November 25, 2020, 08:54:00 PM

they can make  changes if they want to because that 4percent interest per year can mean alot if price of btc pump too much but scammers doesnt affect it or you mean abusers that make many acounts to abused this feature ? that can still be useless because they still need to put money , they need to dedicate time  . that just simply not worth it
Annual interest for 4% isn't changeable. It's fixed.
He meant there will be new site pop up trying to copy freebitcoin's  offer and then many people could be get scammed. What's the point to make multiple accounts and then all invested on freebitcoin? Doesn't make sense

He might be particularly have the plans on making multiple ones so that he would able to make 4% growth annually but to think that it is just all the same if you do just simply focused out on a single
account because overall amount will be having just 4% return.

He might be thinking that he will able to make some advantage with it.Its all fixed and cant surely be abused because he might have those presumptions that
he will able to abuse it by making lots of accounts.  :D


Title: Re: 4% return - compounded DAILY
Post by: Silberman on November 25, 2020, 09:15:57 PM
Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.


No matter how reputable it is, we shouldnt really be that too confident on leaving our bitcoin there and come to think that if we do just held off our own coins into our own wallets and on the sudden price increase or change in the market then we had already earned more that 4% on what they had promised.Well, no one had been forced to invest or park their coins though since it isnt really that too sensible on doing such act
but surprisingly there are still people who do really recognize on putting up their coins just for the sake of that 4% annual gains which i dont see for it to be worth for the risk that you had been putting into.
Freebitco is been here for years and also a reputable one but still cant put up 100% trust when it comes to fund handling.
This is something that should always be on the back of our minds, even if a website or service has a long story and it has been profitable for a long time that doesn't indicate that it will keep being so, people need to always do their due diligence when it comes to any investment that they plan to make and even if at that time the service that you are planning to get passed that test you will still need to reevaluate it from time to time, if everything is fine then you can keep your money invested there but if you find even the slightest issue you need to get your money out of there otherwise there is a big chance that you're going to regret it when you lose your money, but at that point it will be too late.


Title: Re: 4% return - compounded DAILY
Post by: Fredomago on November 25, 2020, 09:42:54 PM
Haven't tried it but the staking feature sure is pretty much compelling, but Freebitco.in is popular in the community, they even launched a signature campaign ago, and they've been around for quite some time. So i can say that its safe to deposit your Crypto. Just read the rules and withdrawal fees, because sometimes it might caught you off guard.

Very important to know what inside the offer to make sure that you are placing your investment to what you fully understand, if you think that it's qualified to your expectations then you can assume that it's safe to invest your money. The more you understand and the more you are freely to invest in the better it will turned in favor to you.

Always risk the amount that you are willing to let go, even you are not into gambling in particular but in investing your money there are also risk that you need to consider.


Title: Re: 4% return - compounded DAILY
Post by: gadado on November 25, 2020, 10:01:59 PM
4% every day is quite a hefty amount to raise as a reason. And if you also work with a high volume, then that is very interesting.
I just don't believe in guaranteed returns these days. You used to have that at the bank, but that is also a thing of the past.
If you really want to earn something nowadays, there is always a risk involved.


Title: Re: 4% return - compounded DAILY
Post by: Lanatsa on November 25, 2020, 10:07:34 PM
4% every day is quite a hefty amount to raise as a reason. And if you also work with a high volume, then that is very interesting.
I just don't believe in guaranteed returns these days. You used to have that at the bank, but that is also a thing of the past.
If you really want to earn something nowadays, there is always a risk involved.

Even banks wont be giving out such interest on daily basis or that kind of thing doesn't really exist yet no business or institution will be giving out such return on guaranteed basis.

They don't just simply exist and if theres something who do offer in a short span of time then its mostly a scam but there are people whom do still believe on this one.

Freebitco is a known gambling site and its 4% APY and theres no way that it would really be basing off with daily basis and even if they are that trusted - I don't still have the

confidence on putting up my coin into their on-site wallet for a long time.We do know the risk and nothing beats if you do held your coin into your own wallet.