Bitcoin 1% interest daily scam?

Thread replies: 11
Thread images: 1

Anonymous
Bitcoin 1% interest daily scam? 2017-09-10 02:03:16 Post No. 3417494
[Report] Image search: [Google]

File: sccsadds.png (21KB, 464x258px) Image search: [Google]

Bitcoin 1% interest daily scam? Anonymous 2017-09-10 02:03:16 Post No. 3417494 [Report]

Someone on my FB keeps posting about his 'system' for generating 1% return per day.

First off, what sort of scam is this?

Second, wouldn't 1% daily interest give much higher returns than in pic related?

It says after 2 years £500 will be worth £6921. But I work it out as £713,793 because 500 x 1.01 ^ 730 = 713793. Is this the correct way to calculate compound interest?

Anonymous 2017-09-10 02:08:09 Post No.3417539
[Report]

Anonymous 2017-09-10 02:08:09 Post No.3417539 [Report]

>>3417494
yes you can calculate
don't believe everything you read on the internet kid

Anonymous 2017-09-10 02:08:22 Post No.3417541
[Report]

Anonymous 2017-09-10 02:08:22 Post No.3417541 [Report]

>>3417494
Have you taken elementary mathematics?I learnt compound interest in grade 6
Amount=Principal(500)[1+(0.01/365)]^t(time)

Anonymous 2017-09-10 02:11:12 Post No.3417560
[Report]

Anonymous 2017-09-10 02:11:12 Post No.3417560 [Report]

>>3417494
Interest implies that this is some kind of loan or certified banking deposit. Seems way too fishy

Anonymous 2017-09-10 02:13:18 Post No.3417571
[Report]

Anonymous 2017-09-10 02:13:18 Post No.3417571 [Report]

Ponzi wins

Anonymous 2017-09-10 02:13:27 Post No.3417573
[Report]

Anonymous 2017-09-10 02:13:27 Post No.3417573 [Report]

>>3417541
So what is the answer? What is £500 compounded at 1% daily for 2 years?

Anonymous 2017-09-10 02:15:45 Post No.3417594
[Report]

Anonymous 2017-09-10 02:15:45 Post No.3417594 [Report]

BTW this is the same guy who was posting about that scam 'sports app' bullshit a while back. I can't remember the exact details but I remember you played against your friends or something in real time and there was apparently a load of celebrities on board. It was some sort of scam where you had to invite friends to get rewards or some similar pyramid bullshit

Anonymous 2017-09-10 02:16:33 Post No.3417598
[Report]

Anonymous 2017-09-10 02:16:33 Post No.3417598 [Report]

>>3417494
OP advertising his scam facebook. sage and report

Anonymous 2017-09-10 02:17:30 Post No.3417608
[Report]

Anonymous 2017-09-10 02:17:30 Post No.3417608 [Report]

>>3417573
OP is right, the faggot you quote cant read
>1% daily != 1% yearly

Anonymous 2017-09-10 02:17:46 Post No.3417612
[Report]

Anonymous 2017-09-10 02:17:46 Post No.3417612 [Report]

>>3417494
Yea, it is for sure a Ponzi.. USI Tech is the name of the company behind it. Some idiots from my town are doing it. A fool and his money are soon parted, I guess.

Anonymous 2017-09-10 02:41:16 Post No.3417779
[Report]

Anonymous 2017-09-10 02:41:16 Post No.3417779 [Report]

>>3417494
Their method probably includes regular payouts mate.

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/