Topic: What is your view about lending coin? (Read 1099 times)
You have to spend a lot of time on the computer to earn the prize money. Your labor does not go to waste. You get your reward when the campaign is over.
In the world of virtual money you have to work hard to earn money. You can borrow money and earn more at the end.
Lending coins are somewhat complicated just like on any other coins that existed, they were considered as scams and a huge failure in the market. Lending coins needed some expertise and knowledge about it.
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?
The profit came from the new investors. It is a ponzi scheme and soon they will shut it down like what happened to bitconnect. They don't have any working product and only relying on the investors money that comes in. Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
I agree with you. Ponzi schemes which turns into scam.
Just look at what happened to bitconnect. People in the forum are talking about its downfall 2 months before the closure order of the court.
And they did exit scam after 2 years of operating, and their currency turned into nothing. Too sad about the people who invested in it.
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?
The profit came from the new investors. It is a ponzi scheme and soon they will shut it down like what happened to bitconnect. They don't have any working product and only relying on the investors money that comes in. Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
We can make the profits we want using the money we borrow. It is important for us to make a lot of money. It is possible to achieve this by borrowing money. It is very important to believe and wait.
Lending of cryptocurrency to who if I may ask?. The world of cryptocurrency is not one you want start lending out and expecting to paid other or same cryptocurrency interest rate, what if the cryptocurrency you lend dies,just like bitconnect .
Scam. Total scam. Stay away. In a few months or so, they will just exit scam you. I've been in multiple lending programs and I learned the hard way. Stay away please.
Lending a coin to some friend or relative whom we know personally and have information about his living place, is pretty fine but giving away such a precious asset to someone whom we don’t know and can’t make any contact, my suggestion would be the same as yours. Better to stay away especially of the offer appears to be too delicious. The best is to work by one’s own and avoid such shortcuts.
Is there anywhere I can read more about lending coin? Cheers!
Lending money is a business requiring some expertise. First of all I have never understood what kind of collateral those borrowers can provide. By the way, with such a volatility, are those collateral enough to cover the exposure?
How can you legally act against insolvent borrowers? Than there is the problem of scoring and underwriting, and these two are not exactly straight forward processes nor you can hope to do it on your own.
Third there is the question of interest rate. Never really understood how they are calculated. Risk premium, profit margin? All in all, I would stay far from this "business" as I think it's easier to lose than to gain
How can you legally act against insolvent borrowers? Than there is the problem of scoring and underwriting, and these two are not exactly straight forward processes nor you can hope to do it on your own.
Third there is the question of interest rate. Never really understood how they are calculated. Risk premium, profit margin? All in all, I would stay far from this "business" as I think it's easier to lose than to gain
Try not to go to Bitconnect loans, which will put you under very large loan pressure. My view is to go to cjia within the scope of its own financial risk.
in my opinion that lending is just a whole big scam that persuade aome people with big profit in such a nick of time. well, you could looked at the tragedy that just not long ago happened with bitconnect. im not expcting good money in a nick of a time like that.
Bitconnect has previously introduced multi-level recommendations, which are similar to pyramid schemes!
It's the money that's being lent out, paid to old users, typical ponzi scheme!
It's the money that's being lent out, paid to old users, typical ponzi scheme!
Lending coins are scam and they are just a leveled up version of the ponzi scheme and just think about bitconnect which is a perfect example for a lending coin and even though a lot of people invested and trusted that coin, it is still turned into scam that resulted a lot of loss for the investors but they can't do anything but to just take and accept it because it is all their fault.
Lending coin has a good concept and purpose but it also gives risk to your capital for a scam. You don't know the assurance when can you get it back from the borrowers. So better to avoid from it.
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?
Today, many currencies take the form of lending. This form is a potential and also a risk. Because you will probably lose and have no chance to find out the property or money when lending. I feel the trade is more exciting than the lending environment.Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
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?
Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
Lending a money might result to destruction. For me, as much as possible I will not lend to the borrower and better you just give that coins so that both of you may avoid fight if worse comes to worst. Anything that involves money it might result to negative outcome so let's try to avoid it.
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?
Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
I don't put my money in lending, most of them are ponzi and will run away when they have earned tons from their investors. Stay away as much as you could and you should rather buy alts that are already tested and proven to be legit. It's very unrealistic, where would they get the profit if some of them have no real products running, I would rather choose coins that related to mining that gives you dividends.
Scam. Total scam. Stay away. In a few months or so, they will just exit scam you. I've been in multiple lending programs and I learned the hard way. Stay away please.
Lending a coin that has interest will be very profitable, which is why there are many users and even projects that are willing to lend coins. I just do not believe it can be done in an online world that even a lender also does not know the guarantee is genuine or not. By providing a valid guarantee I think it will be fine and profitable enough to do that business.
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