The cryptocurrency ecosystem is currently under a significant amount of scrutiny from regulatory bodies around the world, which is partly driven by the unregulated nature of initial coin offerings. While there are many reputable and sincere ICOs, there are just as many platforms that have been created solely with the purpose of separating unsuspecting crypto investors from their capital.
The complex nature of cryptocurrency investing leads many investors to seek out easier methods of generating profit that don't require them to have a working understanding of the basic principles of blockchain technology or how to perform basic fundamental and technical analysis in order to develop trading strategies.
It’s fairly obvious that any effective and profitable strategy cannot be developed, but this doesn’t stop these investors in trying their luck with high yield investment programs or other platforms that promise extremely high returns with very little effort. In many cases, these platforms are simple elaborate Ponzi schemes.
High yield investment programs typically provide investors with the ability to deposit currency into a managed account that generates high interest on a daily basis. The initial coin offering ecosystem has recently spawned a variation on this concept, offering investors the opportunity to invest in these platforms before they even go live. These ICOs label themselves as “lending platforms”.
Lending platforms don’t have anything to do with peer-to-peer cryptocurrency lending, but instead present investors with the opportunity to “lend” cryptocurrency to the platform in a manner that is functionally identical to a HYIP.
While HYIPs are known for being risky, there are still a number of them that do deliver returns on a reliable basis. When assessing lending ICOs, it’s important to remember that they are essentially the same as HYIPs, and carry the same risks.
In this article, we’ll take a look at the Bitcoin Growth Bot, which is a new lending ICO that promises investors the first real transparent volatility trading bot. We’ll also check out the Bitcoin Growth Bot ICO and find out what it offers to help you determine whether it’s worth investing in.
