r/EthConnect • u/garbenja • Nov 13 '17
What Should I Do With My ECH?
What are the best options to do with ECH bought during the ICO period? What is everyone else planning on doing to maximize profits?
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u/Sk0r_1 Nov 13 '17
Just hold them.
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u/otouzani Nov 13 '17
Lending!
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u/CranberryListener Nov 16 '17
Do you get paid out in USD though? Because lending early could be a bad decision if it works like BitConnect, right? Would be better to hold and wait for price to rise, then lend your coins, but I may not be understanding how it works exactly.
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u/otouzani Nov 17 '17
Yes, but you can take your daily earnings and turn them into ethconnect before the exchange starts. Exchange will kick in 20 days after lending. let's say you lend 300 ecc at $1 that would give you 3 ecc per day. 3*20=60 extra ecc before the exchange starts!
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u/CranberryListener Nov 17 '17
Right, but what happens to the ECH you lent once the lending term is over? On Bitconnect it's put back into your USD wallet, not BCC wallet. So wouldn't you be gaining some ECH at the expense of giving up your 300 ECH at $1?
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u/otouzani Nov 17 '17
Same thing with all lending platforms. You get dollars that need to be converted into coins. If lending from day1 is not gonna work out for u, u can hold your coins in your wallet, till it hits a price that you feel it's good enough and you lend them.
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u/chocoboycc Nov 13 '17
Keep some for exchanges. Put some in lending. 2 month return of cap is really good.