Having “Bitcoin” altcoin that doesn’t even appear on Coinmarketcap, Bitcoin LIZA aka LIZA sounds a lot like a scam coin. But the truth is that it’s not – or at least it doesn’t appear to be and I had recorded some nice profits trading LIZA.
So in today’s article, we’re going to talk about the LIZA coin, find out what it is, where to buy it and most importantly if you should buy it or not.
What is Bitcoin LIZA?
The LIZA coin is a cryptocurrency created for lending. It offers incredible returns (10% per day), which sounds to good to be true. We know that things that seem to be too good to be true usually end up really bad, but right now LIZA is working as intended and you indeed get 10% returns for the amount you invest in exchanges like Yobit.
(If you want to find out more about the small exchange Yobit.net, I wrote a review here).
Currently, the official website of LIZA looks like a rushed project (even though they’ve been working on this coin since 2017). According to it, this is what LIZA stands for:
“LizaCoin is an innovative payment network and a new kind of money, With a great compensation marketing plan. LizaCoin is a big idea. It is designed to be a world currency and the currency of choice for entrepreneurs. We combine development skills, International infra-structure, real world entrepreneurial know how, a Global network and user base, and a Global Vision in our DNA, creating a platform for growth second to none. “
The growth part is without doubt, but I am not sure if this is a sustainable project. With a limited supply of coins available (90 million), the 10% interest rate that you’re getting from simply holding LIZA appears to be unsustainable in the long run.
But sometimes, crazy projects still manage to work somehow and it doesn’t really hurt to invest a bit hoping for big gains. I did this – invested not more than I am ready to lose and it seems to be working so far. We’ll see how long this goes, though.
Should you buy LIZA?
Yobit is the place where some very interesting types of cryptocurrencies and altcoins can be found. I’ve already tested their own YOVI coin – which guarantees profits as you are only allowed to bid more than the previous price, and early tests with LIZA show that it does work as intended.
You do get 10% interest rate simply from keeping LIZA and, strangely, the price has gone up since I purchased it:
I am not sure that this can last. It would be a dream come true for this coin to actually make it big, but I am not that confident in it to invest large amounts of money yet. It still has a very low price and appears to have no traction on the market, being only listed on Yobit.
Having a coin that’s available on a single exchange is not necessarily a bad thing – especially since the trade volume is decent (around 200 BTC per day right now) – but the fact that it’s not even listed on CoinMarketCap does make you wonder.
So in the end, I consider this coin to be an extremely good one, but with a VERY high risk value. But on the short term, it could deliver some massive profits. And if things keep up like this, it could even turn into a surprisingly successful coin (for those early adopters).
Where to buy LIZA coin?
The only place that I would buy LIZA from is Yobit Exchange. The main reason is that there you get the 10% daily interest rates for holding LIZA and that is by itself a huge gain. Also, since the coin does not appear on CoinMarketCap yet and it flies under the radar at the moment, I don’t even know if there are other exchanges listing it.
As I said, I am considering this one a VERY high risk coin that could crash and burn without warning. But the same can be said about many cryptocurrencies out there, so it’s not that big of a surprise. But if you are like me and you don’t mind taking risks, this could be an interesting coin to invest in on the short term for quick profits.
Disclaimer: The opinions shared on this blog are personal opinions and by no means should they be considered financial advice. You are the only one responsible for the financial decisions you make before and/or after reading this article.