Post
Topic
Board Gambling
Re: FreeBitco.in - Win free Bitcoins every hour!
by
Panda Trump
on 20/05/2017, 19:55:30 UTC
They are giving aprox 0.01% daily interest (400.000 satoshis get 40/day) and the rest of the faucet keeps on being the same. You also get a 25% on your referals daily interest

Thank you for clarifying this key point. The interest rate is 4% APR, which stands for Annual Percentage Rate (i.e., the amount of return you receive after 1 year). We pay 1/365th of that 4% each day so you start getting paid immediately and so your interest paid then earns interest going forward.


Well it's not so difficult to believe in then.
It's more or less the interest rate you get from a bank in fact ^^
A bit more in traditional banking to be honest.

Exactly! And it's a lot more interest than banks are paying in many western countries. The EU is talking about negative interest rates. And in the US interest rates are at 1% or lower.



It will take 20 years for roi. 20 years is a massive amount of time in which anything could happen! This site probably won't operate till then so why risk everything for such a small profit. The risk vs reward is really bad.

Actually it would take a bit less than 15 years to double your money on freebitco.in.

Also, it doesn't even take 15 years for ROI. As you can just pull your money off after a day, you would have an ROI of 0.01%, but still have ROI after just a single day!

So you could just keep your BTC on there till you think they are becoming a risky site and then just pull them off and enjoy your earnt interest! Having your money on there for 1 year would mean 4.08% ROI. It's still quite some in comparison to many IRL banks (Here in the netherlands I don't know of a bank which gives over 1% interest...)