Hello Steemians,
We all have seen the uprise of the Trend of Lending Coin ICOs all over the network.
should we invest in it or should we not?
I believe we should, especially with the high trending ones, why is that?
Because the growing interest in cryptocurrencies, the price of all cryptocurrencies is inflating. Also, newcomers to cryptocurrencies are looking for cheap but trending currencies to invest in,
moreover, when they see a coin that is cheap, trending and paying interest,
so if one of ten platforms that running a Lending ICO turned out to be legit, which is possible because they can pay you the interest whether there is an actual trading bot or not,
because of the inflating price, the money that you are lending to them is growing in value, and they are paying back with what is equal to USD.
so when you lend for example 1 BTC where the price at the time of lending is for example $1,000 for BTC, and they keep your money for 300 days locked.
at the time when you get your money back, they will give you $1,000 worth of BTC, and the price of BTC at that time could be $20,000, while the interest that you received is about $2,000.
so basically they made a profit about six times more than you, thanks to the pumping in new investments coming into Cryptocurrencies.
in my point of view if you want to earn money, and you are willing to risk, you can invest in Lending ICOs