Crypto Lending programs come and go all the time but the Grand Daddy of them all recently was laid to rest. Last week Bitconnect shutdown its Lending platform causing major disruption in the Crypto community and hurting a lot of people financially that had invested.
I beleive 2018 is going to be the year of regulations in crypto. Lending programs are going to find it harder and harder to keep their platforms up, especially in the US. The sad part about all this is that none of these Lending programs are able to actually show how they are able to pay out such high daily interest rates and payout mass amounts of money to the MLM they use for their members. When the market tanked last week it was a sign that Bitconnect, was not all the way Legit with how they were running their operations. I was one of many a people who was left holding a bag of worthless coins as they attempted to pay everyone back the money they stole.
How do you feel about Crypto Lending programs?
Uncle Blade