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Author Topic: Compounding Interest in HYIP (GIGACOINER QUESTION)  (Read 1085 times)
stryker0695
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June 22, 2014, 02:43:47 AM
 #1

Hi I have a quick question for you Bitcoiners out there and cryptolovers alike:

I use the site "Gigacoiner" which is basically a HYIP that allows me to receive a 210% return on my BTC over the course of 30 days. I noticed on the site that you can change the compounding interest percentage on the individual investments.... Does anyone have any idea what this signifies?

For example, what would the daily profit be (over a 30 day period) at the following compounding rates?
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Also, since they operate and make their money on arbitrage and ask/bid spreads, how would this affrect the security of my money, if at all? Thanks in advance!
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lostshare
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June 22, 2014, 03:44:24 AM
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30 days is a long time to wait for your ROI. The site will scam in 21 days or so, when deposits are at their peak and just before withdrawals occur.
stryker0695
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June 22, 2014, 07:47:30 PM
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Thank you for your reply, however, I have already received my return on investment plus half the original investment. My question wasn't regarding whether or not I am going to be scammed, which is a fairly trivial and uninteresting question, but rather what I can learn from this.

I am interested in what meaning there is in altering the compounding percentage of my investment... I of course understand the concept of compounding interest but I am confused as to the practical application of adjusting this with respect to the time period given, or if there is a relationship. Perhaps it could even be a bug on the site? Completely naive to this.... DERP! This is what my screen looks like: 

http://imageupper.com/i/?S0300010060011P14034662002289892

Thanks again for any help you can give me...
stryker0695
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June 22, 2014, 07:49:59 PM
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Hmmm trying to figure out how to make an image appear... Piece together this link for the magic of the image if you would be so kind...

http://
imageupper
.com
/i/?
S0300010
060011
P14034662
00228
9892

Maybe that will work?

What is the problem with posting images in the posts? That's a question for the newbie forum I suppose... DERP!
RCHumphrey
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June 22, 2014, 07:53:24 PM
 #5

Given all HYIPs/Ponzis are run by scammers, they could write any type of interest, end of the day they will manually pay out when they want... Compound interest means that the interest would subsequently accrue more interest, but no HYIPs are legit so the discussion here is irrelevant.
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June 23, 2014, 04:19:25 PM
 #6

While investing to HYIPs, one should always try to get principal back as quickly as he can.  Wink
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