Post
Topic
Board Economics
Re: How would you double $100,000 safely?
by
Aamir1
on 18/10/2016, 08:48:56 UTC
Doubling your investment in a year is going to be tricky. The only two things I can think off are gambling or high-yield bitcoin p2p loans on platforms like Bitbond. Going to be tough though.

I don't know about bitbond, but the average apr of btcjam is 9% (with autoinvest on, not manual investing). It would take 8 years(!!!) of compounding interest to double $100,000. So... no. OP wants it done in a year.

I don't think that there is a good way to do it. If there was a safe way to double $100,000, wouldn't everybody do it?  

Exactly, if that was really possible then everyone would have been taking loans or borrowing money for doubling them in a year and pay the amount back and take the profit himself and everyone would know the secret of getting rich really does not exist.