Best I can do here is pass this on to the person behind this.
It would help to understand the 'way around this' as that can also be passed on.
You would get back the equivalent at that point in time + the interest rate as per the application code.
So if the rate goes down, you will get the equivalent of eg. 265000 INR in BTC or any other currency + the interest rate. Which would mean that you would get more BTC than you had originally invested due to the rate drop.
Hope that answered.
As you said, investments are a very personal choice.
PS: I will advice him to take down the site and relaunch with better documentation, etc.. Hopefully relaunch with gold as well.
It would help to understand the 'way around this' as that can also be passed on.
Quote
So what will be the payout in case we follow kittucrypt's example, if i choose for it to be in BTC -- considering you are asking for BTC investment? 2,65,000/27,500 = 9.363636 ...a 6.4% loss...why will someone invest with you again? Please dont say "protecting the current value of BTC" .....cause what happens if BTC value goes down below the current rate? Say 22,500 --- will you send me 11.78 BTC? Or just the 10.6 BTC?
You would get back the equivalent at that point in time + the interest rate as per the application code.
So if the rate goes down, you will get the equivalent of eg. 265000 INR in BTC or any other currency + the interest rate. Which would mean that you would get more BTC than you had originally invested due to the rate drop.
Hope that answered.
As you said, investments are a very personal choice.
PS: I will advice him to take down the site and relaunch with better documentation, etc.. Hopefully relaunch with gold as well.
Benson I dont thinnk he will get equivalent to 26500 + interest, coz if he invested in bitcoin then interest also in bitcoin, just think other way price will increase to 53k inr that time means he will get only 0.5 BTC + interest its means he will be in loss.
OP plans to convert the BTC to INR at the point of deposit or withdrawal. So, he invests in INR, not in BTC.
but i ignored it instead making fuss about it 
