We immediately considered that money gone; despite the initial word on the site that the folks were aiming to protect their good name, when the site completely went dark, that money is as good as gone.
Then, A Funny Thing Happened…
We found a video on YouTube from BitBeauty, and it sounds like Control Finance is paying some people back.
It’s not the only video talking about getting Control Finance money back; so it does actually appear that there are some users getting a return of their capital.
A Cautionary Tale…
This brings us back to what we’ve said from the get-go on any of these platforms:
- Don’t invest more than you can afford to lose. Our investment into Control Finance was a whopping $100. It won’t kill us – and we were, as we said a bunch of times, “experimenting.”
- Do Your Own Research. DYOR is a very popular crypto acronym. It means that, if you learn about any program, or coin, or token, don’t just dive in without at least sniffing around a few other sites to see what’s going on.
- Spread out your risk. We had a post on risk management a couple weeks back – if you have all of your eggs in one basket, you’re likely to be in a little bit of trouble.
And, We’ve Only Scratched the Surface
While we think we’ve developed a pretty okay body of knowledge here on the PIPs – Passive Income Platforms – we’re not anywhere near able to track them all.
We’re working on it, but it’s going to take us a little bit of time.