RE: Am I am being 'LOBTAILED' by a Big Whale on Steemit?
Bitconnect makes me so nervous. I did invest $100 to see what happened, and I have been happy with the results so far on my return.
Yes, the referral program makes this seem like it is only a Ponzi scheme. But, maybe it is really just a clever way to garner interest in the coin. It is more than the lending platform, there is a proof of work and proof of stake aspect to the coin also. The whole ecosystem uses a great idea with the volatility trading. This is something that the big investment banks do. I think it is great that the average person can get in on it too.
Only time will tell if this is a scam or a well executed platform. Until then, I think we should all be respectful of the investment decisions of others. I see no reason to flag content about Bitconnect at this time. There is no evidence of there being anything amiss here.
Thanks for the input @mombliss Please keep us updated. My friend also did a small amount, and every some days he is re-investing his daily interest. It takes a several days for him to get to $10, that is the minimum you can re-invest after the initial startup investment/loan. He seems to doing well too.
It has been going really well. I actually realized the best part of the platform today. It is getting people interested in cryptocurrencies who may not have ever entered the space before.
My husband has gotten a few referrals, and it is awesome to guide people through buying Bitcoin to exchange for BitConnect Coin and make their first loan. And all of these people are so excited to get out there and get more people on the platform.
I think that BitConnect is doing a great service by having such a broad spectrum platform surrounding their coin. I am happy to be a part of the ecosystem. We are also staking coins in the wallet too. It starts paying interest after 15 days in the wallet.
I am loving it!
@mombliss Do you know more or less what at what interest rate it averages out to when staking coins?
This is a table of the BitConnect Coin Staking Interest. All you have to do is download the BitConnect-QT wallet and transfer BitConnect Coin to it. After 15 days, it will start minting coins. Below is a table of the BitConnect Coin Staking Interest. The interest decreases every six months. Right now, it is 8% per month. The wallet can also be unlocked to mine BitConnect Coin.
Thanks for this @mombliss