Thanks for the tips! Being 7% didnt seem that out outrageous to me, was just looking for something to go along with Polo lending. Sry im new to the BTC investing side.
That's okay. Let me give you some tips as to see how outrageous something is.
Firstly, let's think about what 7% per day would be worth if you left in that money for a year. 7% multiplied by 365 would be worth 2555% of your original investment. If you put in $100, that means that it would be worth $2555 in a year. That's completely ridiculous.
But it's not like that. How it would work in practice is that you would do compound interest - this means that you reinvest your earnings so that they increase more in the future. Not bothering to do the maths myself by using a
compound interest calculator, your money would be worth $ 5,309,808,459,797.19 in a year (five trillion dollars).
Now you understand how ridiculous it is. No bank offers you more than about 5% interest per year in most countries - why would another service give you much, much higher for doing literally nothing?
In future, try finding out about casino bankroll investments and also go to the Securities subforum in the marketplace. You can get ~10-15% in a year with good investments, or if you're an expert trader and put work in, a lot more. Bitcoin is an investment itself though, it's gone up by over 50% in a year and you shouldn't expect people to pay you too much interest on top of that.
