Made the $1010 Plunge & Not Regretting It
Greetings my dear Steemians. A couple weeks ago, I posted about my experience with bitconnect:
https://steemit.com/bitcoin/@chelsea88/keeping-it-real-my-experience-so-far-with-bitconnect
At the time, I was informing my readers that I had just met about half ($68.80) of my initial capital investment of my first bitconnect loan of $140 USD. Considering I had put that money in Aug 31, I considered that to be a good return. I cautioned people to invest basically, "at their own risk", aka, do your due diligence FIRST!!
I still am definitely urging you to do that. Please do not get into bitconnect because of any wild success stories you may have heard of. I got into it with that first, very small investment, with trepidation.
This post is an update for my readers. I recently, after even more research and continued careful watching of my first loan, decided to take the plunge and do the $1010 loan. Why $1010?
That screenshot above should answer your question. I'm looking for that extra 10%. One grand is NOT chump change for me, nor is it for most people, so for me to do this means I do have some faith in bitconnect. So far, I am not disappointed. Day 1, I made 1.57% which equates to almost $16...
So, if you are thinking about getting into this, I would recommend to go with a very small, comfortable amount like I did back in August. That way you can see how it works with a small amount that will hopefully not cause you to worry a lot. By the way, since my first post, I have now made $89.90 in daily volatility interest from that tiny $140 loan.
As a reminder, I am a solo entity on bitconnect. I don't do the multi- level "scheme" or whatever you want to call it. I'm not there yet. Please feel free to ask any questions you may have or share your experiences on bitconnect. Thanks & have yourself a pleasant day.
nice post upvoted + resteemed
Thanks for that support
i took a huge risk and dumped almost all my bitcoin that ive bought since march into bitconnect. i did the $5010 loan. lol. i make about $50 a day. sometimes as low as $10, other times as high as $100. the only thing that scares me is if bitconnect suddenly dissapears. at this rate, in 179 days, i will get my $5010 back and will have accrued $8000 in interest. so thats like $13000. im going to hold bcc coins and Stake them. in april when i get my 5 grand back, im going to do the 10,000 loan and make 100 a day. hopefully
@web-gnar
Thanks for sharing that. I have yet to see the .10 being added as I did 1010.... in your experience do you see those big spikes when they added in the extra .20? I know it can't exceed 40% a month. Anyway, i feel what you are saying about oh, what if it disappeared, but when i first bought in 8/31 bcc was 135. Even less back in the summer when i was really dubious of it. Just a few days ago spiked to 280. It has only steadily climbed. It dipped recently only because of bitcoin being "emotional" post the not segwit2x.. lol. Anyway, It sounds like you're in for a great return. I want to start using only earnings to fuel future loans so i can take in pure profit.
i feel like it better to save up BCC coins and then make bigger loans at a time rather then just reinvesting small daily interests. i dont like the idea of lengthening the contract by 300 days every day lol. it makes more sense to save up until the next tier when the capital return is a shorter period of time. i have also been told that EOS is a great investment. do you have any EOS?
I don't reinvest small daily interests. I am just trying to figure out where the extra .10 is coming in at? Or in your case, .20? When do i see that money?
Good for you. I'm glad it is working out so far and hope it continues (don't forget us little people when you strike it rich).
Being a former stock broker I can really appreciate your advise to your readers.
Do your due diligence and only risk a comfortable amount in other words don't bet the rent money.
I don't consider any of you to be little!!! I would never forget my Steemians. ♡♡
Thanks for the input. Coming from someone in that profession means a lot
Well if I ever want to invest I'll make a note of this post. I'll follow you just in case.. I am into small bitcoins at the moment, doing it slowly by transferring out of the platform and leaving as much as I can in as I want to be on Steemit long term. Bitcoin for me would be the way to get some fiat currency. Investing is a long way off, but I will invest in Steempower! Thanks for this post.
Hello there! Thanks for the follow. I will certainly be updating everyone from time to time. I would certainly encourage you to continue investing in steem power to help with your long term success here. In fact, I've only "cashed out" my sbd a few times and usually just power it up. Down the line it will be super helpful. Then I'll cash out my earnings more frequently or reinvest =)
Have a Great day
I recently took the plunge as well and did a 10k loan!!! It was the best choice in my mind as you get the extra .25% and you get the money back after 120 days. I am indeed a little worried about it overall but there are a few things that bitconnect does that ensure its survival unlike other similar programs. In the future I do not think I will reinvest and just take my earnings and invest elsewhere due to huge jumps in prices on alt coins. You can make 100 days worth of payments on bitconnect in just a month or two if you invest in the right alt coins. I would suggest taking your earnings from bitconnect and putting them on an exchange and buying into other currencies. A diverse portfolio is a healthy portfolio!
With the extra .25 (or in my case, the extra .10) how often are you receiving that? Is that at the end? I am a little confused as to when people are actually receiving it. Thanks!
Good advice. I'm preparing to take the leap and plan on it as a small step and then will see how it goes!
Cool. I wish you the best of success =)
great post in bitcoin
i really like what you wrote keep the good work
work hard pays off keep it up !
Thanks, I hope so
That's interesting. I wonder though if you bought $100 worth of bitcoin and left it for the same amount of time what your payout would be?
It would be similar but less than what i am making on my 140 loan. They have a calculator on their site in the FAQ section.