freebitco.in Annual investment

[Myfe]

We're approaching a HUGE Rewards Points bonus weekend >>>>> 3x Rewards Points starts tonight!

For 48 hours, we'll pay you 6 Rewards Points for a free roll, 3 Rewards Points for a multiply roll, and 3 Rewards Points for a referral roll!

Follow us on Twitter to get more announcements of great promotions > https://twitter.com/freebitco

[Supercrypt]

We're approaching a HUGE Rewards Points bonus weekend >>>>> 3x Rewards Points starts tonight!

For 48 hours, we'll pay you 6 Rewards Points for a free roll, 3 Rewards Points for a multiply roll, and 3 Rewards Points for a referral roll!

These reward points anyway linked to annual investment program ? I heard these reward points could be redeemed for bitcoins but threshold limit is unrealistic ? 

I just wonder how freebitcoin is affording to provide these many benefits just by showing some ads. I mean they are consistently providing 50% referral earning along with these point system and finally now they are coming with annual investment program too.

It is good to have by I cannot resists myself to stay cautious at the same time wanted to alert people here.

[sikke]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Exactly, it is not predictable because they are making through only one option that is through advertising, but they can't make millions and millions in a year. It is not possible then how can they pay interest yearly for the people who invest in it, even they didn't mentioned any guarantee towards your investment.

You should be happy that freebitco.in did not give any kind of guarantee of returns, at least that is what I think.
If they would tell us about some "guarantee" of returns, im sure that many people would leave this investing programme.
It is because of that every smart investor or traders knows that there is nothing such as risk-free investment.

Every single thing that involves any investing activities also contains risk. You cannot avoid this, and every website which claims having "risk-free way to earn money" shouls be considered at least as a shady service.

[Myfe]

These reward points anyway linked to annual investment program ? I heard these reward points could be redeemed for bitcoins but threshold limit is unrealistic ?  

I just wonder how freebitcoin is affording to provide these many benefits just by showing some ads. I mean they are consistently providing 50% referral earning along with these point system and finally now they are coming with annual investment program too.

We're a business, and we make a profit like all good businesses do. I think we're fairly transparent with how we do that on our site. We offer gambling, we have a mining operation, etc.

And because of this business we're able to give back to our loyal users. We do that by way of the daily interest we pay, the referral bonuses we pay, the weekly lottery, and the reward points. Reward points in particular are meant to reward loyalty to our site, this correlates to the payout thresholds. I have almost 1600 RPs in my account and I'm not playing every hour, I don't have a huge number of referrals...I'm an average user/account.

You'll notice that the goods and gift certificates have higher payment thresholds. The free BTC, lottery tickets, and RP award bonuses have lower thresholds...and those thresholds don't go up in an exponential way. You can get a 10% bonus on free BTC payments for as few as 32 rewards points.

Every single thing that involves any investing activities also contains risk. You cannot avoid this, and every website which claims having "risk-free way to earn money" shouls be considered at least as a shady service.

Bitcoin, in itself, is not risk-free. Bitcoin (like any currency) requires trust among its users that there is value to be had. And specific to bitcoin online wallets (such as FreeBitco.in, Coinbase, etc.) you're trusting a company with the private key for your wallet. That's a BIG DEAL! And we take it very seriously.

Once trust is broken, it's very hard to earn it back...the last thing we want to do is break the trust we've built with each of you.

[Myfe]

We're approaching another BIG Rewards Points bonus week >>>>> 2x Rewards Points starts tonight!

Starting at 12:00 UTC on Wednesday, we'll pay you 4 Rewards Points for a free roll, 2 Rewards Points for a multiply roll, and 2 Rewards Points for a referral roll!

Follow us on Twitter to get more announcements of great promotions > https://twitter.com/freebitco

[wuvdoll]

If there will be no change with annual interest rate of 4.08% in coming months and when bitcoin will be having value like $2000/$5000 or $10k levels, I guess freebitco.in's this program may beat lending business as daily interests are being paid in BTC value not in fiat equivalents which may grow along with bitcoin value.

Is there any possibilities that freebitco.in will not change their interest rate so that I can have some higher-end plans for passive income generations ?

[richardsNY]

If there will be no change with annual interest rate of 4.08% in coming months and when bitcoin will be having value like $2000/$5000 or $10k levels, I guess freebitco.in's this program may beat lending business as daily interests are being paid in BTC value not in fiat equivalents which may grow along with bitcoin value.

Is there any possibilities that freebitco.in will not change their interest rate so that I can have some higher-end plans for passive income generations ?

The offer from freebitco.in has already beaten basically any lending service. If you look at the operations from freebitco.in, then their revenue mainly comes from the gambling side of their platform, and another part of their revenue comes from mining operations. If everything goes well in all aspects, then they have basically no reason to lower the rate. But if things aren't playing out entirely in their favor, then the interest rate might see a drop -- don't rely on that 4% too much.

[Myfe]

I can't guarantee any thing about the future regarding the rate - to do so would be foolish, because one never knows what the future will hold!

What makes this interest payment plan sustainable is not the bitcoin to fiat conversion price (i.e., bitcoin being $2000 or $50000), but the rate that we pay. It's the rate level that makes this sustainable.

If anyone wants to make higher-end plans for revenue generation I'd highly suggest they start earning interest from our site TODAY! Every day that goes by is a day you didn't get paid. And enjoy the fact that as the price of BTC goes up the fiat value of your interest payments go up.

There's a nice arbitrage opportunity going on here!

[naidray]

If anyone wants to make higher-end plans for revenue generation I'd highly suggest they start earning interest from our site TODAY! Every day that goes by is a day you didn't get paid. And enjoy the fact that as the price of BTC goes up the fiat value of your interest payments go up.

This makes me interested to try at the same time I just want to know what are the measurements you are following to act as a bank with public funds.

Did your services being insured in any manner and what about the confidentiality of investors and their funds details. Are you following encryption methodologies like a major exchange/web wallet services are doing ?

I am sorry to say your site still looks like a faucet services but freebitco.in has grown incredibly up to the status similar to banks along with solid reputations with tracks of paying mammoth 0.1 million bitcoins so far. I suggest you to switch over to some attractive graphics if you people feel necessary.

[Myfe]

Thanks for your comments, naidray.

Think of the investment opportunity as a way for us to give back to those who've shown us so much loyalty over the years.

We were a faucet first, we remain a faucet first, a gambling site second, and an investment opportunity third. The way we operate our business is inline with all other faucets and gambling sites in the business...except we do it better by paying interest on your balance.

The interest offer is barely 2 months old but we're excited about what the future holds. As with most successful businesses, real transformation takes time. As we evolve we'll be sure to let each of you know. And we'll always appreciate the advise, comments, feedback, and praise we get from each of you. Thank you!

This makes me interested to try at the same time I just want to know what are the measurements you are following to act as a bank with public funds.

Did your services being insured in any manner and what about the confidentiality of investors and their funds details. Are you following encryption methodologies like a major exchange/web wallet services are doing ?

I am sorry to say your site still looks like a faucet services but freebitco.in has grown incredibly up to the status similar to banks along with solid reputations with tracks of paying mammoth 0.1 million bitcoins so far. I suggest you to switch over to some attractive graphics if you people feel necessary.

[favdesu]

If there will be no change with annual interest rate of 4.08% in coming months and when bitcoin will be having value like $2000/$5000 or $10k levels, I guess freebitco.in's this program may beat lending business as daily interests are being paid in BTC value not in fiat equivalents which may grow along with bitcoin value.

Is there any possibilities that freebitco.in will not change their interest rate so that I can have some higher-end plans for passive income generations ?

not really. Total Rate = 66.75 %/year my current poloniex lending rate

[Myfe]

With the growth of the fiat value of Bitcoin, it occurred to me that the fiat value of the 4% APR interest increases significantly...meaning that you're getting paid more than 4% on your balance in fiat terms.

Here's an example.

If you invested 1 BTC when it was worth $1000 and left it in the account for 1 year you'd earn BTC0.0408 or $40.80.

Now, a few months later 1 BTC is worth $2500, so while you're still earning BTC0.0408 after 1 year, it's fiat value is more like $102.

Obviously this assumes that the fiat value of bitcoin remains at the $2500, if it goes down the fiat value of the interest will go down, however if it goes up the fiat value of the interest will also go up.

The really important part is that the value of that interest (in fiat terms) doesn't just go up going forward but for all the interest you've earned!

Don't waste another day not getting paid!

[darthmaul]

The crypto sites are great no doubt and when it comes to freebitco it is even great site of all. But, the next question how long the business is going to sustain in the market? Is freebitco having solid proof of its investments and assurance that it will refund us back if anything goes wrong with the current scenario? Those are the questions first needs to be discussed on board and then we can think about being greedy of 4 % interest annually.

[shield132]

They were very trusted in faucets from the begining and also their new project is good idea but what do you think guys, do they have serious security on their website? As they claim that you can withdraw anytime, it means rhat they save bitcoins on their hot wallet so this seems a little bad for me. To my mind there will be a lot of investors still outside bitcointalk and so huge amount of btc would be better if hold on cold wallet.

[frowsiter]

With the growth of the fiat value of Bitcoin, it occurred to me that the fiat value of the 4% APR interest increases significantly...meaning that you're getting paid more than 4% on your balance in fiat terms.

Here's an example.

If you invested 1 BTC when it was worth $1000 and left it in the account for 1 year you'd earn BTC0.0408 or $40.80.

Now, a few months later 1 BTC is worth $2500, so while you're still earning BTC0.0408 after 1 year, it's fiat value is more like $102.

Obviously this assumes that the fiat value of bitcoin remains at the $2500, if it goes down the fiat value of the interest will go down, however if it goes up the fiat value of the interest will also go up.

The really important part is that the value of that interest (in fiat terms) doesn't just go up going forward but for all the interest you've earned!

Don't waste another day not getting paid!

You have got a point here. The fiat value is all depends on bitcoin price in the market. The interest paid like that way would be beneficial if held for long terms. We are getting liquidity in the bitcoin market due to its fluctuations in the price and if we take the opportunity to make 4% annual rate then we are actually adding more value to our fiat one. That will work as support for increase in value or to cover up any loss that occured during bitcoin price dump.

[Ludwig Von]

Don 't underestimate the power of compounded interest. If these guys really are as rock solid and with good intentions, then this is a very strong plan. My worries are not so much about fiat value but about the intentions... .

[Myfe]

Don 't underestimate the power of compounded interest. If these guys really are as rock solid and with good intentions, then this is a very strong plan. My worries are not so much about fiat value but about the intentions... .

What would it take for you to strengthen your confidence in the intentions?

[senyorito123]

Don 't underestimate the power of compounded interest. If these guys really are as rock solid and with good intentions, then this is a very strong plan. My worries are not so much about fiat value but about the intentions... .

What would it take for you to strengthen your confidence in the intentions?

Im super concious on things happening on that and how could they produced some interest to their investor? Since theirs no strong fact that can boost my confidence and trust to look after them, Maybe i will just past this things up since the way i see that site is just a faucet and nothing any investment platform tracks that i can see on them.

[Ludwig Von]

Don 't underestimate the power of compounded interest. If these guys really are as rock solid and with good intentions, then this is a very strong plan. My worries are not so much about fiat value but about the intentions... .

What would it take for you to strengthen your confidence in the intentions?

Well, maybe start with a proper operating website, it is now displaying 502 bad gateway error messages for some hours, not exactly what we might expect from a serious organisation where we trust our bitcoins... . 

[mindrust]

Website is down by the way. Is this happening very often?

If i were holding my coins there for interests, i would be eating my finger nails right now.