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Author Topic: Please someone explain the bitcoinica interest rate to a noob!  (Read 1122 times)
schnell
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March 11, 2012, 12:47:49 PM
 #1

What is there:
Currency   Bitcoinica Buy   Bitcoinica Sell
Daily Pip   Apy   Daily Pip   Apy
BTC   0.0   0.0%   0.0   0.0%
USD   1.96   7.41%   5.0   20.02%

How I see it:
DFDGFJKJKNRFJNKEWNJFJKWEFNKJWFE
FWERWEFRHW£ERWEUWUERUE$R
WREFREFWREFH$EWFWREFWFE

Please just explain them, and most importantly the rate I would get for just depositing and idling btc and/or usd
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Meni Rosenfeld
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March 11, 2012, 12:56:02 PM
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"Bitcoinica Buy Apy" is what you'd get per year for an idle deposit. Currently this is 0% for BTC and 7.41% for USD.
"Daily Pip" is in units of 0.01% per day.
"Bitcoinica sell" is what you pay for a "negative balance". Eg, if you buy bitcoins on margin, you have to pay the USD Bitcoinica sell Apy.

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schnell
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March 11, 2012, 01:04:41 PM
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"Bitcoinica Buy Apy" is what you'd get per year for an idle deposit. Currently this is 0% for BTC and 7.41% for USD.
"Daily Pip" is in units of 0.01% per day.
"Bitcoinica sell" is what you pay for a "negative balance". Eg, if you buy bitcoins on margin, you have to pay the USD Bitcoinica sell Apy.

So on a 36USD balance I will make 0.0072 dollars a day? :/
Thanks though! Smiley
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