So I recently received an email from freebitco.in faucet that are now offering an annual investment for their user.
It promises a 4.08% of annual interest with a minimum of 30k satoshi to be able to participate.
What do you guys think about this?
This is the actual email from them:
It promises a 4.08% of annual interest with a minimum of 30k satoshi to be able to participate.
What do you guys think about this?
This is the actual email from them:
Quote
Dear FreeBitco.in user,
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.
Freebitco.in is probably one of the oldest bitcoin faucets out there and the most well known. Personally I have used their service ever since i was a bitcoin newbie, and every time they have paid on time without any problems.
The interest rate isn't that bad at all, it is actually higher than a lot of country's commercial bank interest rates which means that if you believe in bitcoin and you hold bitcoins anyway, this is a great way to accumulate even more
I personally feel that their offer might be to short bitcoin because of the high price point when they put the ads out, but the offer is definitely legit. The interest rate isn't high enough for them to be a scam.
Is it me or it seems their faucet payouts have been decreasing big time recently. This does not have mean anything but it might be a sign of trouble of shift in their investments. If they keep doing this, people will switch to something else.
And if Freebitco.in wouldn't able handle investments and guarantee interest, I don't think he wouldn't offer to invest. He said that he have more plans for his website and I don't think that he want to screw up his perfect reputation. But I understand why people are looking suspicious in this investment system - there was so many scam attempts that people don't believe in legit investment websites.
Yes, the rewards change all day long, proportionally to the BTC price variations. Looks their system is very sustainable as they are working fine since some years ago without reports of scam attempts or other nasty things.
The only thing about lowered rewards I know is that people trying to cheat Freebitco.in receive halfed prize, I saw some complains about it, but I think only who tries to cheat the site receive these rewards.