Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.
Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?
Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.
No matter how reputable it is, we shouldnt really be that too confident on leaving our bitcoin there and come to think that if we do just held off our own coins into our own wallets and on the sudden price increase or change in the market then we had already earned more that 4% on what they had promised.Well, no one had been forced to invest or park their coins though since it isnt really that too sensible on doing such act
but surprisingly there are still people who do really recognize on putting up their coins just for the sake of that 4% annual gains which i dont see for it to be worth for the risk that you had been putting into.
Freebitco is been here for years and also a reputable one but still cant put up 100% trust when it comes to fund handling.