Quote:
Originally Posted by Dadhawk
What you describe is not interest, its gain in value, similar to the stock market.
Interest is, when I invest $X for X amount of time, you will give me X% for the use of my money.
Gain is I'm going to buy Y for $X in hopes it is worth more in the future, but it may be less, or it may be zero.
The fluctuation is measured in percentages up/down, but it is not Interest, it is positive or negative gain.
What am I missing?
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Check out Blockfi
USA based company that has FDIC insurance on USD holdings and pays INTEREST on crypto. They also have insurance on crypto holdings and good security protocols. I understand the difference between interest and valuation changes. Like I said above, I am an experienced investor in multiple asset classes.
There are a couple platforms but I trust Blockfi the most.
And to the spam comment above I don't give a shit if anyone jumps in lol. Just conversation
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