How much is Bitpetite actual return ? it's NOT 4.5% per day.
After countless hours of debates on Bitconnect, now there are new kids on the block.
What is Bitpetite ?
Bitpetite is a high-interest rate platform that got popular after Bitconnect's success. Bitpetite does NOT have a trading bot nor it's own token and make their money with their Bitcoin Tumbler. Their system is a way of funding the tumbler.
How much does it pay?
This part is a bit tricky and misleading even on their website. A lot of people says Bitpetite pays 4.5% every day!
Well that's not true. They pay you 4.5% on weekdays and 1% on weekends according to their FAQ. If you do the math for 1 month, it gives( 22X4.5%+ 8x1%)/30 = 3.5%/day
Bitpetite actual return is 1.1% per day
But, this is not end of the story, Bitpetite does NOT give back your principle like bitconnect! So in a 6 week program, when they show you a %147 return (42 x 3.5% = 147%), in reality you are not getting 100% of your money so bitpetite actual return is 47% in 42 days or 1.11% per day
This actually makes it more trustworthy and doable. In reality 4.5% a day scares a lot of investors as they treat as too good to be true, but 1.1% per day is doable by having such services.
im currently invested in bitconnect and was consideing bitpetit and usi-tech to diversify my portfolio and not have all my eggs in one basket. thanks for the info!
smart, I ma writing another post on what I think about Bitpetit and sharing my return after 30 days of investment.