Johnny Tycoon
January 20, 2021
Investing in a project that operates in the country that is currently being heavily scrutinized by economic sanctions, and where the government-owned corporation literally has a monopoly on oil production, would be a reckless move, to say the least. Certainly, the possibility of entering that highly profitable space could be tempting, but in the case of OilWellCoin, the risks outweigh the benefits by miles. I would rather invest in graphene instead.
Val-ly
December 29, 2020
I have been meaning to enter the oil market with the purpose of diversifying my investment portfolio. I have been meaning to do it in a proper way, getting a broker and all that - but I am also interested in making an "exotic" investment, so to speak. Just because I am a risky man and I can afford to take moderate risks. Therefore, I have chosen OilWellCoin because it combines a healthy level of risk with the potential for nice profits. The Russian oil megacorporations are having a hard time at the moment, which might present an opportunity for the smaller guys like OilWellCoin.
Davidio
November 28, 2020
I could have considered investing in OilWellCoin if not for a ridiculously high minimum investment threshold that the team had set. I understand that their priority is to attract whales, for whom $10K is peanuts, but such an approach completely cuts off mid-sized investors like me. It's not that I would have to scrap for this sum, but I also can't throw that kind of money around. So, despite how badly I want to set my foot in the oil business, I will have to look for other options.
wallflower
September 9, 2019
In my opinion, blending the oil business with cryptocurrencies bears double risk as a) crypto is immensely volatile, everyone knows that, and b) the price of oil has been steadily declining over the last four years, so this business is becoming less profitable. Besides, I believe that Gazprom has an unshakable monopoly in the oil & gas industry in Russia, which leaves OilWellCoin virtually no room for development. And with eco-friendly and renewable-oriented projects being on the rise, they present a better investment opportunity.
Dimitry
August 3, 2019
Despite the generally negative stance that the general population has on the industry of crude oil production, any wise investor understands that it still possesses an immense potential for profits. As long as there are automobiles and other machinery that runs on petrol, there will be a constant demand for oil products. So, becoming a gateway for mid-sized investors in the oil market represents an excellent strategic plan, designed by OilWellCoin. But then again, it all comes down to the regulatory compliance, and in the case of Russia, it is as unpredictable as playing the Russian roulette.
Martin
July 16, 2019
The fact that OilWellCoin plans to conduct almost the entirety of its operations in Russia is the cause for my concern. Although this country is immensely rich in oil, it also has a rather unpredictable government that has a mildly negative stance on projects somehow associated with the blockchain technology. You never know when the Russian bureaucracy would feel a sudden urge to impose some severe restriction on profits gained from the likes of OilWellCoin, or ban the digital assets altogether. So, I wouldn’t risk investing in this project.
Valdis
July 1, 2019
OilWellCoin had the decency to admit that one of the reasons why they have launched this project is to circumvent the sanctions. Regardless of that, this project shows great promise because the oil will indeed remain one of the most valuable commodities for decades to come. It is great that they grant an opportunity for smaller investors to tap into this very profitable industry, especially since the market seems to have begun the recovery after the 2014 crash. $10K is a very high threshold to get into OilWellCoin but it may be worthwhile.
* Crypto Rating accepts no liability for content of the OilWellCoin reviews made by the site users. The entire responsibility for the contents rests with the authors.
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