Post
Topic
Board Investor-based games
Re: ~~ Invest your bitcoins ~~ One and only safe way ~~
by
Neonart
on 10/07/2014, 07:51:14 UTC
"For example: if You send 1 btc, we will convert it to usd at www.btc-e.com rate at the moment when You will send bitcoins. To this amount we will add 5% and send it back to You after 14 days. That way You would not lose on bitcoin’s rate change. All you need to do is to send Your Bitcoins to us and wait for the payout."

Hmmm so I send 1.0 bitcoin, you convert it to $625.   Two weeks later bitcoin is at $700 and you return me $656.25 worth of bitcoin.  My 1.0 BTC has become 0.9375 bitcoin.  

Just how is that a good deal?

- also -
Using bold all the time doesn't make you sound honest and it is rude!

You will have 0.9375 btc but you still have profit in usd.

No it is a loss of 6.25% in BTC!   If you want to collect BTC you better return BTC with interest in BTC.


In this case we can not send back 1.05btc because we can not be sure if bitcoin's rate will be the same. Thats why we we count 5% from usd so everyone is safe.

Regards,
Brian