Riding the Wave - Lendconnect

fredstyles (25)in #bitcoin • 7 years ago (edited)

Folks,

Coinmarketcap has just listed the Lendconnect coin (LCT) as high as $57. When I went back to the site to take a screenshot the price had dropped to $39! I am loving just riding the wave.

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Coinlib.io has LCT at $45 a coin:

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The Lendconnect community is hoping that the same thing that happened with the Bitconnect coin when it was first introduced at $0.16 and jumped to as high as $461.94 on Dec 30, 2017 will happen to LCT. I believe this possible because Lendconnect is paying out higher interest 1.27%-5% as opposed Bitconnect's average of 0.9% .

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Also, Lendconnect releases your capital back on day 120 for small investments and faster on higher amounts. When it comes to lending platforms Lendconnect is a no brainer.

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However, one drawback is that funding your Lendconnect wallet, like Davor.io takes many steps and time. To complicate it further, both lending platforms use coinexchange.io to exchange your BTC or ETH into their coin. For me, it took 2 days to transfer LCT to Lendconnect and 1 day to transfer DAV to Davor. That was exhausting and frustrating because I wanted to take advantage of the guaranteed 5% interest offering Lendconnect was paying out for the first 11 days of their Grand Opening.

To fund your Bitconnect account is a walk in the park in comparison with very little time needed. Bitconnect is definitely the standard in terms a of lending platform. But with Davor and Lendconnect paying higher daily interest Bitconnect needed to step up its daily interest rates or risk becoming a dinosaur in the lending platform space.

Tip: I believe that investing responsibly (don't invest anything you cannot afford to lose) in all three platforms is wise because they all have advantages to their systems:

Bitconnect:

been around the longest
been through Ddos attacks and has weathered those storms
has a record of success

Davor:

pays higher interest than BCC
Davor coin is on the rise in value
has an automatic reinvest option (no need to check in every 30 mins to reinvest)
pays higher referral bonuses (L1: 8, L2: 4, L3: 2)
has option to get 0.2, 0.25 if you extend your loan 30+ days

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