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Author Topic: Where are the BTC investment or savings and loan businesses?  (Read 768 times)
Possum577
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September 13, 2014, 06:06:56 AM
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Where are the BTC investment and savings and loan business?

Obviously I endorse through signature what appears to be an investment service, but the details provided are light and their existence in the market is still very, very new. Only time will tell how they do, but like all things (including crypto-currency) when might we see more businesses like this appear?

So many people are considering holding their BTC with hopes of appreciation, which opens up a ton of opportunity for that BTC to be collected in savings accounts and loaned out to others, which in turn keeps BTC thriving.

Any thoughts?

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LiteCoinUser84
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September 13, 2014, 06:33:24 AM
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It does happen in the Lending Sub-forum. You could also convert to fiat and go there... the fact is Investment companies would only ever provide a return similar to that of fiat returns in BTC and the crypto could still drop in price...

price volatility is a lot better investment tool than any normal ways of generating investment profits.
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September 13, 2014, 06:48:31 AM
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As stated, any crypto investment company is essentially a glorified ponzi... consider how they can payout such ridiculous rates? It just makes no sense at all...
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September 13, 2014, 07:14:23 AM
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Investment schemes of the kind you are referring to typically require trust in a 3rd party, which may not be to the liking of many
Distributed investment schemes are just around the corner though

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