Lending platforms are build on ponzi schemes and are certain to fail at some point, here is why I am still interested in EthConnect:
Like I already pointed out in this article about EthConnect, lending platforms like Bitconnect and Regalcoin are very likely burn your hands if you touch them, so why should we even bother?
Even if there is a high risk involved investing in a lending platform, the potential rewards are outstanding and since Regalcoin and also Bitconnect are performing very well on the market, there is a high chance that the upcoming lending platform EthConnect will just behave the same, once it hits the markets.
Have a look at the charts of Regalcoin and how it is performing since the beginning of October.
As you can see, it had a huge rise from about $12 on October 6th to today's price of $76 which results in a more than 6 times gain in only three weeks which I find fascinating and also concerning.
Bitconnect has even better results, let's look at the charts.
As you can see it started very low at around 50 cents on February 6th 2017 and today's price is $220.
That results more than 400 times gain over the last nine month. If you have spent $100 when it was at $0.50 your $100 would have turned into amazing $44.000 which is absolutely outstanding.
If you would have invested your 100 bucks on it when it was $10 in May 2017 you would still have made $2.200 out of your $100 invest in about five month.
Since I have missed out on both opportunities to get in early, I was looking for the next similar lending platform to invest in, and here comes EthConnect which is about to launch it's ICO on November 1st 2017 and starting at a price of 50 cent per token.
It is expected that it will preform just like Bitconnect or Regalcoin on the markets which means it is absolutely possible for it to gain similar gains over the next few month.
That is why I will do the experiment of investing $100 in this very risky platform, if it is able to achieve its goals it will have a 400 times gain over the next nine month which would result in a total of $40.000 for just $100 invest. However, I have to keep in mind that those $100 will never return to me if something bad happens which is almost certain at some point.
So If you are considering to join the experiment be aware that this is a very high risk but also high reward investment. Do not invest more than you are willing to lose, I know that this is true for every cryptocurrency investment but in this case it is almost guaranteed that at some point the platform will collapse and chances are high that the developers of the platform will simply run away with the money.
This is why I do not consider this as a valid investment, instead I call this an experiment, but you can also see it as a gamble where you are playing against time. In my opinion the estimated time for this to run solid will be about one year, maybe two years but I don't think it will last much longer than that. If you want to know why I think all lending platforms will ultimately fail read my EthConnect ICO review.
That being said, if you are still interested in joining this experiment you are very welcome to join using my referral link, in the meantime I will be doing updates, documenting the progress of this experiment.
Good luck to all of you making a ton of money on EthConnect.
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With much love
