Out of everything I’ve seen so far from the Bitconnect fallout and the coins that have emerged in its wake, like Pagorex, I’d say Monetizecoin is probably the most promising site so far on the horizon. They’ve just had their ICO, so I’m a bit late with this, and maybe by the time you read this article they will be in full flow. However, let’s not detract from what a promising idea this coin is. See, this coin isn’t just about lending, it has so much more to offer.
The part that really intrigues me is their lending bot. Now, I know in the past organisations have registered on the companies house database as a show towards their credibility, yet, most of the platforms that I’ve seen or been involved with in the past have disappeared without a trace and paid out very little — it makes me laugh, that such a distinguished register would just let anyone and their pet dog sign up for it. That being said, the most incredible part about Monetizecoin is that they offer a real time viewing of their trading bot. Yup, you heard that right; you can literally view what the bot is doing at any given time, something no lending platform has ever done before.
Yet let’s not get sidetracked with the lending platform because luckily, there are so many other strains to this platform. One of their selling points is that they arbitrage traffic as a form of income too. If you’re unsure what arbitrage means, it is that they buy and sell traffic in different markets and take advantages of the price difference; so there’s that income stream too. Then there’s the whole issue of staking coins which can be staked at a massive profit of 11% for the first few months. That sounds like a good idea to me.
And last but not least Monetizecoin has released an internal exchange which has two selling platforms. You can exchange your Bitcoin for Monetizecoin or you can equally exchange your Ethereum. This is another income stream, as the exchange charges fees for the buying and selling of the coin. So, not just a lending platform with no visible income apart from our own money; they have a visibly working market trading bot, traffic arbitrage, and an internal exchange that collects fees on transactions. Too good to be true? Time will tell; but I’m more optimistic about this one than any of the other platforms I’ve witnessed.
Shut up and take my money!!
The coin right now as I write this sits at $2, but I expect in the coming weeks, and as soon as the lending platform takes shape the coin will rise as more people buy Monetizecoin to either stake or to lend. I get the feeling that this company have a good idea what they are doing in the investment area and I expect they will be buying back their coins at regular periods — now that is just speculation, I don’t know this for sure, so don’t take my word for it.
Let’s talk about the history of lending and staking programs shall we? The first one I was ever involved in was the Zenminer / Paycoin fiasco when the idea was relatively new — cloud-based mining cryptocurrency for a share in the profits. I liked the idea because I wanted to get into mining early in the game, but the tax that I’d have to pay on a crypto-miner frrom the US (they were half price over there) was phenomenal and decided this wasn’t for me, that was until, of course, Zenminer hit the stores. You could purchase a 1MHz scrypt miner and they’d host it in their warehouse and mine coin for me – minus their fee of course. Sounded brilliant, right? Yeah, that was until people started to get skeptical about the warehouses with the miners actually existing. To add distraction to the fact that the well was drying up and they were running out of new investors money to pay old investors, they invented their own coin, which went *poof* in a matter of weeks; something to do with an internal argument – but it was obvious they were just doing a runner.
I vowed never to get involved in something like that ever again, that is until bitconnect.
Bitcoin lending? Wow. There’s something new. I had an idea that it wasn’t going to work out though, I mean I knew that their lending platform wasn’t sustainable into 2019 because accruing wealth on a positive scale just isn’t sustainable forever, it’s not. If you invested $100,000 in July 2017, then by 2019 you’d have more Bitcoin then there is Bitcoin. Think about the maths of that for a moment. I’m not going to bore you with numbers because I know most of you won’t bother to work it out, but trust me, it’s not sustainable — and why Bitconnect crashed eventually. It was bound to happen. This is why they have opted for a different route this time and going it their own way. To be honest I’d be interested to see where they would be taking this as I’m holding onto my currently-now worthless bcc coins.
And now Monetizecoin has stepped up, with an interesting perspective to the whole game. I’m intrigued to say the least, but at the same time skeptical. I really don’t know what they will do with the lending when it becomes unsustainable. They’ll have to approach it with candour and kid gloves, because as soon as this happens then people are going to want to sell, and sell fast. It would be interesting to see how this pans out!
As with all cryptocurrency, please understand that you risk losing a significant amount of your capital so for Gods sake, if you want to invest, only put in what you don’t need! I’ve had to learn that the hard way myself. I went all in with Paycoin and held onto it until it was dust. I’ll never make that mistake again!
All in all, montizecoin is an exciting prospect with some never-been-done features. Just be careful!!