Indeed a big storm will brew on the horizon. I just wonder when it comes into action how far they would go back for people to prove their transactions. I couldn`t imagine what it would be like if some people are crypto trading like over 20 to 30 times a day. When there is loop holes for the mega rich and I am sure the cryptonaires will create new loop holes too. I do think it might take another 2 or 3 years before a huge percentage of people start to cotton onto crypto instead of selling their days for a empty wage were someone else at the top profits from your hardwork.
It will take some time before people catch on - but still their is a point where you have to join and then the masses flow in. If they continue and make it more and more simple for people to join it will increase the adoption speed
When you see lending platforms like BitConnect and Davor. I think more people have heard about BitConnect and its daily lending investment percentage has now dropped much lower since Davor have been here. The good thing about these lending platforms is they allow people to invest from as low as $100. But I think in time if the masses catch on the starting investment price might rocket up from $100. I do sense if more and more new people do come in the lending percentage will drop but the cryptocurrency of that platform will shoot up.
I have come across quite a few negative feedback about BitConnect.
From what I heard about Davor they have a face and a name of a person behind them. With Bitconnect it is all ghost like. I think on Friday they are launching that BitConnect X. I was thinking maybe that "X" stands for exchange. A lot of You Tubers talking about BitConnect X say it could be this and that. When you look at the home page for it there is no information on it. So pretty much they don`t have maybe much to say about just relying on the hype instead to build it up.
I have some people I really trust that say bitconnect is a scam. So based on that i am not interested. But everyone has to make up their own mind. It goes for everything in crypto. So many question out there and honestly it's our own answers that matter
Indeed a big storm will brew on the horizon. I just wonder when it comes into action how far they would go back for people to prove their transactions. I couldn`t imagine what it would be like if some people are crypto trading like over 20 to 30 times a day. When there is loop holes for the mega rich and I am sure the cryptonaires will create new loop holes too. I do think it might take another 2 or 3 years before a huge percentage of people start to cotton onto crypto instead of selling their days for a empty wage were someone else at the top profits from your hardwork.
It will take some time before people catch on - but still their is a point where you have to join and then the masses flow in. If they continue and make it more and more simple for people to join it will increase the adoption speed
When you see lending platforms like BitConnect and Davor. I think more people have heard about BitConnect and its daily lending investment percentage has now dropped much lower since Davor have been here. The good thing about these lending platforms is they allow people to invest from as low as $100. But I think in time if the masses catch on the starting investment price might rocket up from $100. I do sense if more and more new people do come in the lending percentage will drop but the cryptocurrency of that platform will shoot up.
I would be very careful with bitconnect though. Basically everyone that comments on it here on Steemit says it's a fraud
I have come across quite a few negative feedback about BitConnect.
From what I heard about Davor they have a face and a name of a person behind them. With Bitconnect it is all ghost like. I think on Friday they are launching that BitConnect X. I was thinking maybe that "X" stands for exchange. A lot of You Tubers talking about BitConnect X say it could be this and that. When you look at the home page for it there is no information on it. So pretty much they don`t have maybe much to say about just relying on the hype instead to build it up.
I have some people I really trust that say bitconnect is a scam. So based on that i am not interested. But everyone has to make up their own mind. It goes for everything in crypto. So many question out there and honestly it's our own answers that matter
Thanks for the advice best stay well clear of there then so I don`t get any burnt fingers.