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>So in 30 days I should be able to get $200 back out, and in 1 year I should be able to get out ~$725000. 2 years and I can take out over 3 billion. Yeah okay.
by EMM_386 5y ago
>So in 30 days I should be able to get $200 back out, and in 1 year I should be able to get out ~$725000. 2 years and I can take out over 3 billion. Yeah okay.
That's why these APYs make zero sense, I don't understand how anyone can pass this off with a straight face (unless this truly is just a game to sucker in people bad at math).
You can't turn $100 into $3 billion in two years. Obviously.
They are claiming a return of 2% per day. Please.
A penny stock can claim it's "average return" is 100% per year because it went from 1 cent to 4 cents in 2 years.
That isn't saying much.