Community post
Are ALL lending platforms scams? What if one is successful? @ChrisMonroeSTL
There are so many lending platform cryptocurrency tokens popping up from all directions.
Are all of them ponzi or pyramid schemes?
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**DISCLAIMER**: I am not a financial adviser and you should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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Replies (4)
One of the biggest problems is all of the investors dumped their coins for 4-8X profit, and did no lending.
Another problem is the announcement of the FCC investigating Bitconnect, the witch hunt for bit connect promoters and the owners.. no one has confidence in these systems so no one is lending or promoting.. not like before anyhow.
These are ponzis..
One that looks interesting is bankcoin.io - They have gambling and an exchange to earn profits from, so it becomes less of a ponzi.
Perhaps more systems will do this.
Do you feel like it possible for any of these "lending platforms" to become successful?
so THIS is what CM looks like!
Glad youre making videos bro, don't stop.
Fo sho :-) I am about ready to get to live streaming again soon.