Is there any such thing as a legit lending platform? Im really not sure but this definitely sounds pretty close. THERES A NAME TO BLAME 😲😲
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So is this just another scam or can there actually be a viable lending platform in the crypto space??
Please please please leave your thoughts as I really want to put a nice amount down on this and could do with some sceptical views before i do 😂
Its a scam, 40% a month, and its daily payouts, thats astronomical, if you invest $10.000 and compound over 10 years, you would have $14.226.828.882.251.600,00.. So it's unsustainable, like bitconnect..
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But its so tempting 😂😂 you can really see why people throw a few pound at it.... just maybe not as much as i 1st thought 🙈
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And do you think 1% profit per day is unachievable in anything e.g.. stocks or property etc? i thought it would be reasonable to expect 1% return in some situations? especially if the person i invested in made a fortune?
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Yes 1% compounding, consistent over time is impossible, at some point your trading volumen gonna affect the price. etc if you buy $10.000 of BTC and sell it at $11.000, no problem. If you buy $500.000.000 of BTC at $10.000, and try to sell at $11.000,- not so easy. Your selling will affect the price.. So 1% a day is not impossible, if you are investing the same amount every day. Lending sites like this is compounding.
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ooooo that makes sense, I might be wrong but by the look of it they say they do not trade in crypto to make a profit they invest in some sort of advertising, dose that make a difference?
One other question regarding your point on trading crpto lol if like you said you get to a point where your buying volume effects the price couldnt you just diversify your portfolio and invest in a number of different cryptos? therefore allowing it easier to receive the required margin?
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This is high school math, 1% a day compounding, impossible. Dosent matter what they are doing.
You can try it out your self, - i made an excel sheet..
https://drive.google.com/file/d/1PZseH_kQCtdZ7xwg1dyHwRsoNrFp_mRb/view?usp=sharing
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thanks for the info, its very much appreciated 👍👍
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