Feedback on my Review. Generate 17% APY on BTC

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: migrationsus on February 15, 2022, 08:31:52 PM

Yes, their website is getting outdated about as fast as they post. The best review of the team I know of is here on their youtube channel. https://youtu.be/KjtH3r5ckf4

it's just more of a reason to watch their business with caution. they did not find it necessary to update the site, nor to post all necessary information, and we need to trust them and give them money to keep. I'm afraid things don't work that way.
I would still stick to proven services, although they offer significantly less APY profit.

advice (feedback) to you. When you write your next review, don't write it just as a bounty hunter or paid shill. those who read want to see all the information, even if it is negative.

Iron Fist

member

Activity: 234

Merit: 50

I have heard of Midas Investments before and from looking online I can see that they have been active for a long time. I even discovered that they have posted a topic and and have had a profile on this forum since 2018. I am not sure what the current state of the service is, but they seem to have launched as a shared Masternode service. I am not sure how many users have actually subscribed to their service.

The strange thing is that I don't see any reviews or testimonials on this forum about their service? They seem to be legit, and there is a real company in the background. But still, it seems odd that I have never seen anything on the forum about their platform, their clients, or their activity.

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: migrationsus on February 14, 2022, 10:02:15 PM

Please take a look and let me know if you have any suggestions for me. Thank you in advance!

My suggestion is to stop using this service or anything like that.
I would never trust some unknown centralized company with my bitcoin, just because they promise random percentage interest rates earning.
Risk of losing my coins because of some hack, exploit, or developers exit scam is very high, and I would not use even use much better known companies like BlockFi.
You should know that you are sending coins to some centralized authority and they are becoming real owners of those coins who are holding private keys.

hugeblack

legendary

Activity: 2688

Merit: 3983

Quote from: migrationsus on February 14, 2022, 10:25:28 PM

Like any smaller company, the best way to see what happens is with time.

When it comes to lending, that small company is supposed to be reliable, otherwise no one will deposit, so often banks and large institutions do this.

The lesson is not the return on investment, but how long this will continue to make profits, 23% for Bitcoin is high and unreal, it is higher than the average lending and the fluctuation of the Bitcoin currency makes things impossible.
You can get profits at the beginning of the month, but when any problems occur, you will lose all your capital.

Quote from: examplens on February 15, 2022, 02:13:54 PM

we can't find any information on their site about the team or company except that is Iakov "Trevor" Levin CEO of Midas.Investments. I don't think that is enough to entrust them with my money.

Even if all the employees appear, it will not make a difference, what matters is the assets they have, which were deposited in a fund managed by a third party to guarantee the money if any problems occurred.

migrationsus

newbie

Activity: 4

Merit: 3

Yes, their website is getting outdated about as fast as they post. The best review of the team I know of is here on their youtube channel. https://youtu.be/KjtH3r5ckf4

Quote from: examplens on February 15, 2022, 02:13:54 PM

Quote from: bitmover on February 15, 2022, 01:25:26 PM

we can't find any information on their site about the team or company except that is Iakov "Trevor" Levin CEO of Midas.Investments. I don't think that is enough to entrust them with my money.

migrationsus

newbie

Activity: 4

Merit: 3

Thanks everyone. I definitely want to turn this more into a review and less of a landing page. I agree, there are some unknowns, and it' the riskier portion of my portfolio. Unfortunately their website has fallen behind. It wasn't until I joined their Discord group that I started to gain some trust in the company. Surprisingly its been one of the best communities i've been apart of.

As always, DYO. And tread carefully. The high APY's are pretty addicting though when you see them roll in daily.

Thanks again for the guidance on my page. Im going to rework it a bit to explain the risks, and make it more of a review.

pablocokeninja

jr. member

Activity: 47

Merit: 3

Kinda too good to be true post honestly, false advertising?

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: bitmover on February 15, 2022, 01:25:26 PM

I am always afraid of people getting my crypto and running away, simple disappearing with them.
Most trusted companies like binance pay smaller interest rates, such as 5% APY for BTC and 7% for USDT
https://www.binance.com/en/earn

The higher the yield, the higher the risk.

Absolutely, I agree that small companies need to be given a chance to grow up but that is why they must be the most transparent and not leave any room for doubt.
if we ignore the suspiciously high APY here, we can't find any information on their site about the team or company except that is Iakov "Trevor" Levin CEO of Midas.Investments. I don't think that is enough to entrust them with my money.
also, some numbers do not seem real. For example, they say "we have managed to accumulate over 18,000 investors and raise more than $22 million in assets. ", where they had only 598 (at the moment) Telegram members on their channel. Is it possible that the other 17400 investor does not follow them and that they are not interested in their investment?

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: examplens on February 15, 2022, 12:47:29 PM

Quote from: migrationsus on February 14, 2022, 10:25:28 PM

Like any smaller company, the best way to see what happens is with time.

they have been considered a small company for too long.
Interest rate up to 23% sounds unreal, it seems to me that I could take out a loan and reinvest here. but they do not instil confidence in me.
OP you did not write a review about them, this is more like a promo landing page where you share your referral link. This is legit but it can't be named as a review.
This feedback sound more realistic for me https://www.trustpilot.com/review/midas.investments?stars=1&stars=2

I am always afraid of people getting my crypto and running away, simple disappearing with them.
Most trusted companies like binance pay smaller interest rates, such as 5% APY for BTC and 7% for USDT
https://www.binance.com/en/earn

The higher the yield, the higher the risk.

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: migrationsus on February 14, 2022, 10:25:28 PM

Like any smaller company, the best way to see what happens is with time.

they have been considered a small company for too long.
Interest rate up to 23% sounds unreal, it seems to me that I could take out a loan and reinvest here. but they do not instil confidence in me.
OP you did not write a review about them, this is more like a promo landing page where you share your referral link. This is legit but it can't be named as a review.
This feedback sound more realistic for me https://www.trustpilot.com/review/midas.investments?stars=1&stars=2

migrationsus

newbie

Activity: 4

Merit: 3

Thats correct, the APY is not fixed. They mentioned towards the end of this month the BTC will drop to around 15%. Perhaps I have some wording wrong, currently im getting 17%APY on my BTC.
Agreed. It is higher risk. I'll have to check on their audit report. i'll put a link up if they have one.

I think i'll change some wording around that lets my viewer know it is higher risk. I don't want people getting upset to me about it. I always suggest starting with a small amount and increasing that as they feel comfortable.

Like any smaller company, the best way to see what happens is with time.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

As the site indicated, APY for Bitcoin is 23% while stablecoins is 19% which is insanely high compared to the typical APY of established DeFi. This ain't a medium level risk but a high risk considering the project offering this kind of APY is not a proven trusted DeFi. I believe that APY is not fixed and will adjust base on the volume of tokens staked on the pool.

Can you share the smart contract audit report of Midas if its available?

migrationsus

newbie

Activity: 4

Merit: 3

Hi everyone, I created a review of a passive income crypto company I have fallen in love with.
It's similar to Gemini and BlockFi except better yields and support. Possibly more risk because they are smaller.
Please take a look and let me know if you have any suggestions for me. Thank you in advance!

https://migrations.us/midas-investments-review

Topic: Feedback on my Review. Generate 17% APY on BTC (Read 175 times)