Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.
I'd be interested however if they and Freebitcoi.in will also offer APY in bear market.
Freebitcoi.in offered 4.08% in late march of 2017.
~snipped~
I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency.
Seems like they still offer 4.08%; pretty surprising that the site's been able to offer consistent returns for almost three years if what you're saying is correct, though I'm not personally able to verify this.
I would assume that Freebitco.in would definitely be affected in some area should a strong bear market occur, since the site does mention that they supposedly use profits from their mining facility to pay for the interest. The effects would vary based on how much of the interest money comes from mining and what sort of effective electrical rates they're paying, but mining generally doesn't do so hot in bear markets as difficulty keeps rising and prices stagnate or decrease.
It's harder to pay interest in BTC under a bull market because their income source is dependent on visitors and ads, while they pay interest in crypto. But that site is administrated by a very creative owner and the business keeps expanding. They now have a sportsbook also along with their dice and gambling business.
This is actually right and they arent getting money only from mining but also in other sectors as well.They do show off that they are capable on paying up something yet we know
the reputation been holding by Freebitco itself after all these years.They do even giving out lambos which means they are capable on giving that 4.08% interest per year not only focusing on single source.
In talks on the topic, im not really much familiar with Defi or some sort when it comes on finding annual earnings on using them yet the best option for me to take is just simply hold
various coins in my own wallet which do produces more after a year.