If you are part of this crypto-hype in any way, you probably heard about lending platforms until now. Most of them advertise as a revolutionary approach in terms of digital assets, but reality is far more complex and away from that statemens.

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You've definitely heard of the most recognized one globally - Bitconnect. They are most successful one at this moment, thankfully to the enormous amounts of money they invest into marketing daily.

You will see them pretty much everywhere, on youtube, your news-portal... Maybe you are searching what socks to buy for your grandma and boom! There it is, Bitconnect - Best investment of your life, future of crypto... Revolution

Attention: Don't Fall for that SHIT!!!

If you ever stumble upon any enthusiast or even worse - youtuber, they will probably tell you how (insert lending platform) changed their life and nothing is the same now...

Even though they may sound convincing, I encourage you to always do your own research on the topic!

They will probably claim this is revolutionary movement as I mentioned above, and all you have to do is lend your money to the automated bot that will successfully trade for you, while you chill and wait to earn for that lamborghini...

But you should approach that with care, thankfully to Github you can always investigate their blockchain activity, and understand there is not a single sign of any bot they are claiming to posses. If you let them know you did it, they will probably claim that even Wall-street is hiding their bots... 😅

And please, try to understand, youtubers with thousands of people on the downline, have way much more sources of income then you - you will most likely just have income from your own investment on the platform.

Hate to break it to you, but they don't really care whether you will succeed or fail, all they care about is making more wealth while walking over your back and scam is still running...

And it makes no sense to bring another people in, cause it is morally and ethically wrong. Why? Because you are actually losing your and other people money if you convince them to join the movement. I will show you how.

Rather Simple Scheme To Take Your Money

Lets say for example you invested 10000$ worth of Bitcoin in Bitconnect when the coin was around 10$. Logically, that would ensure you 1000 BCC coins, which you would proceed to lend.

After lending, you agree on locking your money from 100-300 days (depending on the platform and amount lent). The platform promises to pay you daily interests in dollars.

For the next 6 months, you will receive your interest in dollars, but the Bitcoin you invested would probably earn you more by just holding it, this way you allow them to take massive profits thanks to your hard earned crypto.

Just consider this: They will pay you in their own coin after the lending finally ends, next year.

What does that mean and why is that so?

It means for example, if BCC coin worth soared to 100$, after the lending ends, they will give you back 100 coins contrary to the 1000 you lent them at the start.

Do you feel the correlation? That Bitcoin you lent them is way higher worth now, pushing their coin up and giving them massive profits. While on the contrary, you get paid in dollars everyday and eventually get so much more coins less, due to the spike in price. And who receives rest of the coins? Don't think twice on that. 😇

For us who are experienced in crypto-space, this may be pretty obvious, but for all the new crypto-enthusiasts that is a big trap and we need to take care of them...

Since that is completely not cool in any way, just a load of bullshit. Youtubers make money on yourselves, while platforms make money on your crypto and on their own. Everyone profit except you, you lose potential profits😎

Back in the days, I liked this guy a lot. Not until I realized he is a complete waste of time, contributing nothing to this crypto-space but trying to get more referrals sign under him, that is complete bullshit if you ask me cause lets face it - if everything you can contribute in this space is influence people to lend their money, you doing it wrong...

He even left Steem so he can get more people on his downline, and I feel that is completely wrong move but who am I to judge?

I hope some tanks not gonna flag me because I'm being so direct about this SCAMS.

But fuck it, people need to know. These lending shitty schemes are taking your money, day by day 😊 And even though they will pay you that 1% daily, that is nothing close to gains you could get by just holding your crypto, or maybe do day trading? Trust me, in the end you will make way more money this way.

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Or just chill here, on this beauty of blockchain - Steemit 😍

Steemit is completely demolishing every single rival, and I get erection every time when I use this platform. Whole concept of it is so beautifully made, and trust me, profit potential is WAY MUCH HIGHER then on any lending platform you can imagine...

Not to mention the most active blockchain in cryptospace, that is not even using 2% of its potential. Crazy.

Just work a little bit harder, on producing quality content and interaction with your brothers and sisters. If you know how to present something, you can make quality content out of pretty much anything.

Btw, Steem is at 4.5$ now, hurry up and grab some on the discount, cause it is going above 10$ easy after this correction ends. Trust me.

You better watch out...

Conclusion

I hope I didn't offend anyone by stating my opinion. In the end, all I really care about is you doing better in this space, cause you doing better equals to me doing better in the long run. For too long, governments have been systematically fucking us, and we must take it from no one. Not even from this revoulutionary lending platforms. Wishing you a successful career here in crypto-world! 😎

Self-proclaimed expert enjoyinglife ©