The End of BitConnect and Future of Lending Platform

BitConnect the hot topic on lending platforms. Lot of youtubers promote this platform and they have 1.5 Million members. Last day the company announce they are closing the lending platform and refund the investment amount. The sounds great but once the coin is released (BCC) the value goes down on 95%. So people who invested in this platform lost their money. And people who are invested very earlier time get there money.

The actual winners on this game are youtubers. They promote the platform and people who watched the video thought that this will be a legit option. I can understand that a youtubers earned around $800000 via Affiliate Commission. Last day the system closes and the people who speaks about bitconnect delete their videos.

Games Over. Youtubers get tons of money. People who invest loss the money.

In reality making money through leading platform is a dream. Most of the platform will close down within 1 year. But i agree you will get money until they close. But i don't think this is a good business to spend our money.

My Suggestion for investment in Cryptocurrency -

Mining - BitCoin and Altcoin mining is a best business you can invest. https://hashflare.io/r/E509CE2F
This company is legit business that you can invest to make money from bitcoin and altcoin mining.

Holding AltCoin - Buy ALtcoins like Ethereum, LiteCoin, Ripple etc is a good long term investment. You need to need your own reaserch which coins to hold

Investing in ICO - ICO investment is a good option. But keep in mind that never invest in Lending Platform's ICO. Invest in real company with real team. Read their whitepaper and make your own research. ICO is good for make money in Short time, depend upon the project you invest

In Crypto world you may find many quick money schemes. Please don't spend in that. All are scams. Lets say bitconnect a pure example for this. In other words no shortcut to make money.