Shogen
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Activity: 966
Merit: 1001
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June 20, 2014, 02:32:39 AM |
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Just invest your money long term in Bitcoins, and get massive returns in 3 to 5 years from now... "If you look at the graphs, of the price of bitcoins, from 2009 until now, you would see a lot of fluctuation, but it's still a lot higher, than it was in 2009"
That's true. You should consider bitcoin a long-tern investment, and you don't need to get excited or worried for the daily ups and downs. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Shogen
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Activity: 966
Merit: 1001
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June 20, 2014, 02:48:49 AM |
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The price of altcoins can be much more volatile then the price of BTC. There would still be the possibility that the borrower defaults and the price of your collateral crashes. You also have the risk that the person handling your escrow scams you, even if this risk is low, it would dramatically impact your returns. People lending out btc is usually looking for 110%-120% LTC collateral, and the loan is usually a short-term one. Of course, there are some risk, but you are rewarded with interests.  |
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Harley997
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June 21, 2014, 05:41:01 PM |
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The price of altcoins can be much more volatile then the price of BTC. There would still be the possibility that the borrower defaults and the price of your collateral crashes. You also have the risk that the person handling your escrow scams you, even if this risk is low, it would dramatically impact your returns. People lending out btc is usually looking for 110%-120% LTC collateral, and the loan is usually a short-term one. Of course, there are some risk, but you are rewarded with interests. LTC is usually generally safe collateral but any other alt has a very good chance that there would be a loss in the event of a default |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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davidgdg
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June 27, 2014, 08:40:25 AM |
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You can earn interest on BTC deposits through Bitfinex. The funds are loaned to traders taking a short position. The risk you take is the solvency of Bitfinex. The rates are very low. About 1.5% p.a. But in a way, that is quite reassuring.
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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polynesia
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Activity: 1358
Merit: 1000
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June 27, 2014, 03:18:11 PM |
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You can earn interest on BTC deposits through Bitfinex. The funds are loaned to traders taking a short position. The risk you take is the solvency of Bitfinex. The rates are very low. About 1.5% p.a. But in a way, that is quite reassuring.
Nice to know that there are people taking short positions as well.  |
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Tammy Chan
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June 27, 2014, 04:23:58 PM |
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You can earn interest on BTC deposits through Bitfinex. The funds are loaned to traders taking a short position. The risk you take is the solvency of Bitfinex. The rates are very low. About 1.5% p.a. But in a way, that is quite reassuring.
Nice to know that there are people taking short positions as well. IMO, the margin trading is the main selling point of bitfinex. https://www.bitfinex.com/pages/howitworks#margin-trading |
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unpure
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June 27, 2014, 05:02:41 PM |
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Just dice used to pay around 30% rate on bitcoin as an investment.
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Tammy Chan
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June 27, 2014, 05:14:13 PM |
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Just dice used to pay around 30% rate on bitcoin as an investment.
That's the average return rate, but too bad the opportunity is gone now.  Our recent weekly returns have been:
Mar 3 2014 -0.71%
Mar 10 2014 -0.14%
Mar 17 2014 0.41%
Mar 24 2014 0.80%
Mar 31 2014 0.79%
Apr 7 2014 1.35%
Apr 14 2014 0.90%
Apr 21 2014 1.01%
Apr 28 2014 0.85%
May 5 2014 0.56%
May 12 2014 0.32%
May 19 2014 1.05%
May 26 2014 0.35%
Jun 2 2014 0.22%
Jun 9 2014 2.06%
Jun 16 2014 0.22%
Jun 23 2014 0.83%
That's an average (adding them up and dividing by 17) of 0.64% per week or (multiplying by 52) 33.25% per year.
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ajareselde
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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June 27, 2014, 08:32:23 PM |
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Just dice used to pay around 30% rate on bitcoin as an investment.
That's the average return rate, but too bad the opportunity is gone now. Our recent weekly returns have been:
Mar 3 2014 -0.71%
Mar 10 2014 -0.14%
Mar 17 2014 0.41%
Mar 24 2014 0.80%
Mar 31 2014 0.79%
Apr 7 2014 1.35%
Apr 14 2014 0.90%
Apr 21 2014 1.01%
Apr 28 2014 0.85%
May 5 2014 0.56%
May 12 2014 0.32%
May 19 2014 1.05%
May 26 2014 0.35%
Jun 2 2014 0.22%
Jun 9 2014 2.06%
Jun 16 2014 0.22%
Jun 23 2014 0.83%
That's an average (adding them up and dividing by 17) of 0.64% per week or (multiplying by 52) 33.25% per year.
i wouldnt trust anyone giving more than 10% interest/year. there is just too much bad history, remember the pirate ? |
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Nathan101
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June 28, 2014, 08:28:03 AM |
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If I deposit some Bitcoins with a trader like Kraken shouldn't I be earning interest on my bits?
Banks pay interest because they lend your deposit to people at a higher rate. It also protects you against inflation. Bitcoins are more like gold. Interest isn't paid when you store your gold somewhere. both gold and bitcoins are hard to lend. Bitcoins even have deflation. I agree with you. I haven't found any site which is providing such kind of interest for the deposit of BTC. |
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 28, 2014, 05:25:51 PM |
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If I deposit some Bitcoins with a trader like Kraken shouldn't I be earning interest on my bits?
Banks pay interest because they lend your deposit to people at a higher rate. It also protects you against inflation. Bitcoins are more like gold. Interest isn't paid when you store your gold somewhere. both gold and bitcoins are hard to lend. Bitcoins even have deflation. I agree with you. I haven't found any site which is providing such kind of interest for the deposit of BTC. Unless you want the site to operate on a frictional reserve system and lend out your coins you are not going to earn interest on them |
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CAPTcoin
Newbie
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Activity: 14
Merit: 0
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June 28, 2014, 08:46:49 PM |
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Some sites pay interest, like mcxnow.
But it's safer to keep your coins yourself, otherwise there's a risk.
You need to control the private keys.
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Tammy Chan
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June 29, 2014, 12:55:55 AM |
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i wouldnt trust anyone giving more than 10% interest/year.
there is just too much bad history, remember the pirate ?
Well, the JD case is not really interest but investment returns. And doog has proved his trustworthiness before and once again after JD stopped all betting a few days ago. But, I do agree that many of the "investment programs" have turned out to be scams, such as Pirateat40 and TF... |
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