Bitcoin Forum
December 05, 2016, 02:33:38 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Please someone explain the bitcoinica interest rate to a noob!  (Read 974 times)
schnell
Sr. Member
****
Offline Offline

Activity: 266


View Profile
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
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
March 11, 2012, 12:56:02 PM
 #2

"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.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
schnell
Sr. Member
****
Offline Offline

Activity: 266


View Profile
March 11, 2012, 01:04:41 PM
 #3

"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
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!