BTCST partner deposit 4.2%-7% weekly(7.5%/w special)

[ShadowAlexey]

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[center][size=14pt][b]Bitcoin Savings and Trust partnership deposits.[/b][/size][/center]

[url=https://bitcointalk.org/index.php?topic=75738.0]Main Thread[/url]

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Capacity: [b]Available[/b]

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My interest = 0%;

I pay you (Pirate`s Interest - my interest). No insurance,payed out every Tuesday. My own deposits basic amount would be 300BTC. Everything else would be filled buy you. So the rates will increase at 500btc and 2000btc. All basic terms are the same with previous deposits.
Depositing day is Sunday. If you miss it, then your daily rate will be 0.5% till next monday.Deposit day excludes from period.
My current depositors may switch to this plan if desired. If your funds get force withdrawn, then I`ll send it back to you, and I`ll give you a note about capacity full.
[b]Minimum deposit[/b] amount [b]200BTC[/b];

Pirate Deposited Amount= 300BTC+Current deposits amount+Partnership deposits amount;
[b]Maximum partnership deposits capacity is 2000 BTC[/b]
My actual target is to have 4-5 partners with share 500-400 BTC each.

Pirate`s rates:
Base Pirate rate= 4.2%;
>=500BTC, Base pirate rate = 5.6%; 
>=2000BTC, Base pirate rate = 7%;

[b]Withdrawal fee:1% of withdraw amount[/b]
When you withdraw I leave my self 1% of your withdrawal; Interest would be payed out at next Tuesday according to days used.
24 hours to fulfill.
[b]Interest is payed without any fees[/b]

[b]Interest day is Tuesday.[/b]
[b]Depositing day is Sunday[/b]

All info about deposits would be posted here.

[1714016581]

1714016581

[REF]

How can you call it fee-free if your changing a 1% withdrawal fee?

[vuce]

How can you call it fee-free if your changing a 1% withdrawal fee?

this plus why would someone deposit with you for a 4.2% rate when they can get 7% right now with other pass through options?

[ShadowAlexey]

Well, now it actually starts from 5.6%.
I think that have choice is always better, but that are conditions, which I`m comfortable off.
I`ll accept fee free deposits only if persons would keep they money for long time.
1% withdrawal fee is almost invisible, but it help me to get rid of lot small work.
It fee free,because i dont get anything from interest, but conditions for deposits are a little bit different.
This preposition is for those who would like to get pirate rate, but not to be one of a hundred depositors.

[ShadowAlexey]

Looking for maximum of 1500 btc for 7.5% a week for first 3 weeks. Minimum deposit amount 250 btc. Searching till 17.06.12, high rate will start from 18.06 till 9.07. And you wont be able to withdraw funds for this period.For this week from 11.06 to 17.06 daily rate would be 1% a day. If sum required wont be acquired i will pay back you your funds with interest on 19.06 in full without any fees. I can withdraw your deposits earlier with full interest and without any fees if I wont be able to pay them.

[vuce]

Just to clarify, the 7.5% is actually 7.1% when including the 1% withdrawal fee into calculations? [(1.075^3*0.99)^(1/3) = 1.07140466]

[ShadowAlexey]

Nono, withdrawal means, when you withdraw your main deposited funds from me. Interest is payed without any fees. So if you decide to withdraw your funds after period ends, you will have to pay 1% fee.
And if i will force withdraw your funds no fee will be applied.
Interest will be payed every Tuesday in full, no compounding.  

[vuce]

Nono, withdrawal means, when you withdraw your main deposited funds from me. So interest is payed without any fees. So if you decide to withdraw your funds after period ends, you will have to pay 1% fee.
And if i will force withdraw your funds no fee will be applied.
Interest will be payed every Tuesday in full, no compounding. 

I'm confused. I deposit 1 BTC. After 3 weeks I would have 1 BTC *1.075^3 = 1.24229687 BTC. I withdraw the full amount and get 99% of that, so I end up with 1.2298739 BTC. Which in turn means if there were no withdrawal fee I would get 7.14% interest per week.

[ShadowAlexey]

Nono, withdrawal means, when you withdraw your main deposited funds from me. So interest is payed without any fees. So if you decide to withdraw your funds after period ends, you will have to pay 1% fee.
And if i will force withdraw your funds no fee will be applied.
Interest will be payed every Tuesday in full, no compounding.  

I'm confused. I deposit 1 BTC. After 3 weeks I would have 1 BTC *1.075^3 = 1.24229687 BTC. I withdraw the full amount and get 99% of that, so I end up with 1.2298739 BTC. Which in turn means if there were no withdrawal fee I would get 7.14% interest per week.

You deposit 100btc, you get payed every Tuesday for 3 weeks 7.5BTC to your payback address. After that if you will decide to withdraw your funds(100btc) you will get 99BTC.

[vuce]

Nono, withdrawal means, when you withdraw your main deposited funds from me. So interest is payed without any fees. So if you decide to withdraw your funds after period ends, you will have to pay 1% fee.
And if i will force withdraw your funds no fee will be applied.
Interest will be payed every Tuesday in full, no compounding.  

I'm confused. I deposit 1 BTC. After 3 weeks I would have 1 BTC *1.075^3 = 1.24229687 BTC. I withdraw the full amount and get 99% of that, so I end up with 1.2298739 BTC. Which in turn means if there were no withdrawal fee I would get 7.14% interest per week.

You deposit 100btc, you get payed every week 7.5BTC to your payback address. After that if you will decide to withdraw your funds(100btc) you will get 99BTC.

Ah ok, thank's for explaining. That then makes effective interest rate 7.17% ((1*0.075*3-0.01)/3 = 0.07166). (just trying to put things into perspective)

[ShadowAlexey]

Well, its not meant to be withdrawn after that period, after that I hope that i will be capable of paying 7% a week at regular basis, which should be one of best options available now.

[vuce]

Well, its not meant to be withdrawn after that period, after that I hope that i will be capable of paying 7% a week at regular basis, which should be one of best options available now.

You're not looking at this from your investor's perspective. As soon as they deposit with you they only have 99% of the funds available. If you want to be competitive in this market you will have to pay 7% (and charge no withdrawal fee at the end, so we have to deduct that sooner) after the first 3 weeks period, thus making the rate for the first 3 weeks effectively 7.17%. Given that this with a 1500 btc deposit only makes about 7 btc more than with pirate's 7% rate it is not worth the effort for someone who already gets 7% (these people should be your target as they usually have more funds than someone who is just getting into this)

(this is obviously only my opinion).

[ShadowAlexey]

In this partners program i`m interested only in long times deposits,in long perspective this 1% will be almost invisible, because it`s only one day of depositing, but it will help me to reduce depositing\withdrawing operation amount. That is my target, if you are not interested in long terms, you are better to use other offers(even they are having lower rates).
In other words that is the best what i can offer. If no one will be interested then let it stay as it is.
I`m targetting at persons with 250-500 btc, which wants to get 7%. This would be my private partnership with few participants, giving us possibility to get higher rates, and not using glbse\other pass through sites with a lot of participants in it(at this point i`m trusting only pirate and i dont like glbse)
If person will decide to remove his finds after 3 weeks it would add more headache to me.

[vuce]

In this partners program i`m interested only in long times deposits,in long perspective this 1% will be almost invisible, because it`s only one day of depositing, but it will help me to reduce depositing\withdrawing operation amount. That is my target, if you are not interested in long terms, you are better to use other offers(even they are having lower rates).
In other words that is the best what i can offer. If no one will be interested then let it stay as it is.
I`m targetting at persons with 250-500 btc, which wants to get 7%. This would be my private partnership with few participants, giving us possibility to get higher rates, and not using glbse\other pass through sites with a lot of participants in it(at this point i`m trusting only pirate and i dont like glbse)
If person will decide to remove his finds after 3 weeks it would add more headache to me.

Fair enough, I wish you best of luck.

[ShadowAlexey]

3 days left for special offer