Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Caspian9 on January 24, 2018, 01:05:15 AM
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What will be the future of lending coins? After the closure of bitconnect the other coins are so unstable. Do you think this is the end of these kind of coins?
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Although there seem to be a lot of similiar projects coming up, everything that's just a big scam has no future.
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For me, staking coins is better than lending. It's much safer. Would you consider staking?
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I am yet to see a really proper lending systems that does not look scammy. I would definitly consider it same as I put lend my fiat to my bank by putting it on their accounts and in their products, but as I said I have yet to see a legit locking coin lending system.
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What will be the future of lending coins? After the closure of bitconnect the other coins are so unstable. Do you think this is the end of these kind of coins?
Many people think so and the color red on CMC is evident
Each person has different opinions and think differently
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I was lending on the Bitconnect platform for 14 days before they closed up shop, but it does seem a bit suspicious. There doesn't seem to be any verifyable proof that there is any real substance to it. I like the lending concept and sometime in the next month, I'm going to fund my Davorcoin account. I will ride the wave as far as I can and hope for the best.
So far, I feel like staking and trading are the 2 most stable methods to make money, but I just found out about airdrops and I'm pretty excited about that too. I feel like a kid in a candy store in this industry.
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Gotta be careful with the lending side of this business. There are efforts underway to regulate. And you don't want to get caught up in a freeze or crackdown. It's better to trade or participate in bounties/airdrops.
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I was lending on the Bitconnect platform for 14 days before they closed up shop, but it does seem a bit suspicious. There doesn't seem to be any verifyable proof that there is any real substance to it. [...]
With Bitconnect there was rather strong verifyable proof that it was a ponzi scheme combined with an exit scam.
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I think bitconnect and other coins what have been closed or they made scram with a lot of people and i think all are not like this and they have done is because sudden fall down of bitcoin and they was unable to give the people same amount of output so they had to made this but there is still some trusted one a like waves ripples eth etc you can trust those ..
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They will exit scam soon. Dont join them. I have bad experience with lending. Not bitconnect or davor. Prefer ico non lending. Search everywhere to find reliable/ good ico non lending. I dont ask you to buy. You can get token by join any bounty/ airdrop. Dont ever send donation in any airdrop.
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I think EthLEND seems sort of interesting but I feel like this isn't quite what you meant.. I agree with another comment that staking is probably the best sort of return if you believe in a coin enough to think that the stakes will pay off.. but the gains aren't gona have guaranteed percents everyday with compound interest.. of course anything legit couldn't really offer that :D
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My variant: GN Compass. This platform plays as the 3rd part in lending contract. Interest for investors: 3-17% per month!
It is Lending 2.0
You can check here: https://www.gncompass.com/
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After the crash of Bitconnect, i think people lost faith in those lending platforms. Similar projects can't increase their prices anymore and start to shut down one by one, i.e. Westerncoin & Hextracoin.
The only viable platform seems ETHlend. Their actions are transparent & lending works peer-to-peer.
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We must be careful with the loan side of this business. There are attempts to organize, and you do not want to get caught in freezing or bullying.
We must be very careful because of the security of our coins who know only us.
thanks.
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If you want lending coins you should really know him, because if you do not know him the possibility of losing coins is very big, so try to keep your own coin-coin ..
Hopefully what I convey is useful,
If there is a mistake I am sorry ..
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What will be the future of lending coins? After the closure of bitconnect the other coins are so unstable. Do you think this is the end of these kind of coins?
With the advent of Decentralized Finance (DeFi), the cryptocurrency lending problem disappears. DeFi is a powerful financial tool that, using smart contracts, solves the issues of obtaining loans, lending, deposits and other civil transactions that were not previously available in cryptocurrency.
Now there is no longer the need for the emergence of cryptobanks.