Post
Topic
Board Altcoin Discussion
Re: What is your view about lending coin?
by
sana54210
on 02/12/2017, 17:38:39 UTC
What is your view about lending coin?
Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.

I just see profit from lending, where is that profit from?
I have read some reviews that bitconnet is a ponzi scheme and a warning that one should stay away from every ponzi schemes especially if you don't know how it works. If you want to make money from lending your coins I think the right place is poloniex as this people has been in this business for long and a good track records.
Lending is not a bad idea and if that was the only thing bitconnect was centered on, it would have been good.
But if you read more about the coin, you will understand why a whole lot of people call it Ponzi. That is one huge amount of percentage to be giving out and that is what is going to cause the issue for this coin in the long run.

Every Ponzi starts well, but a time comes when it won't just be able to sustain itself anymore and that is where the problem starts.