What is BitConnect? Does Bitconnect have no rogue & investment for safety?

Dear Steemit Friend..

In the last few months, the Crypto Currency community has come up with a pretty hot name, Bitconnect.

The investment groups also discussed and asked such questions as: What is Bitconnect? Bitconnect has a scam? How to invest Bitconnect for secure ...?

So in this article Ngoc will give you the most detailed information about BitConnect. At the end of this article you will also answer the following questions:

What is BitConnect? How to invest in Bitconnect?
Investing in BitKings interest up to 40% per month is true?
BitConnect Why increase prices and quickly enter the top 15 on the CoinMarketCap rankings?
Does the Bitconnect project have a scam? Is it multi-level?
How to Invest Bitconnect for Safety and Fastest Payback?
...
Let's start!

What is BitConnect?

We first need to confirm that BitConnect (BCC) is an electronic currency similar to Bitcoin (BTC) and other coin.

BitConnect is currently ranked in the top 15 on the Coinmarketcap.com (a website that statistics the value of electronic currency worldwide).

What is the Bitconnect investment model?

At present, BitConnect's investment model is being marketed at www.Bitconnect.co, when you sign up for an account here you will be trading with hundreds of thousands of other members with the following four investment options:

Buy Bitconnect in your wallet for a profit (Stake)
Buy Bitconnect and invest in specific packages to receive daily interest (Invest)
Buy Bitconnect at a low price and go for a high price (Trade).
Digging - mining Bitconnect (Mine)
After registering your account at Bitconnect you will own 4 wallets as follows:

Bitcoin Wallet (BTC Wallet): To participate in any Bitcoin investment you need to purchase Bitcoin from another location and transfer it to this wallet.
BitConnect (BCC Wallet): You can convert the Bitcoin number and convert it to a BitConnect one, and use this wallet to place the words into your lend packages for daily profit.
Lending Wallet: The wallet is charged in USD, this is the daily interest amount from the investment package
Bitcoin Cash (BCH Wallet): This allows you to add Bitcoin Cash, as Bitcoin Cash just appeared after August 1, 2012 after the recent hark fork event.
In a nutshell, no matter what kind of investment you make, you will also need to use Bitcoin to buy from another trading platform and then load it into your Bitcoin wallet. From the Bitcoin number in the wallet you can use to trade, buy Bitconnect to invest in lend packages to generate profit in USD.

1. Buy BitConnect (BCC) and wait for price increases to make a profit

This method is the way to invest "buy cheap expensive" based on the increase of copper Bitconnect.

For example: Today (11/8/2017) you bought $ 50 Bitconnect for $ 95 / 1BCC (total $ 4,750), then you keep the BCC number in your wallet about 2 months later, then the price will be $ 150 / 1BCC Then you sell ($ 7,500 price) to make a profit. That is 2 months after you profited $ 2,750!

Is not it interesting? But is Bitconnect the right price?

Bitconnect will be available in early 2017 for about $ 1 / Bitconnect in February and until now, when Ngoc wrote this article (August), the price of a copper bitconnect is $ 95. This is considered to be the record and most powerful increase in the electronic currency available on the market.

Does Bitconnect have a discount? Is there any further increase? Nobody can answer this question because it is called currency, it will be influenced by market volatility. And if Bitcoinnect is down, you will lose money on this investment.

Bitconnect has provided an alternative investment called Lending, which eliminates the fear of increasing the discount on BitTorrent storage in your wallet.

1. Involved in investing in Lending system

This is the way most people are involved, with the lending model you will invest in a specific package in dollars and Bitconnect will pay you interest every day with the US dollar always (the dollar does not fluctuate).

Currently, Bitconnect allows you to invest in 4 packages with the same amount of money as shown above, this is the model of paying interest daily and pay the end of the period.

For example:

If you start from package # 1 ($ 100 - $ 1000), the original withdrawal time will be 299 days
With the investment package # 2 (from $ 1010 - $ 5000) in addition to your daily interest, you will be added 0.10% per day and the original withdrawal time will be 239 days
Similarly for investment packages 3 and 4, the percentage of bonuses will increase with the investment package and the return period will be shorter.
In the form of lending, BitConnect will take the money you invest and lend to other trusted partners through peer-to-peer networks, all fully automated by software and pre-programmed robots. . Since you are a lender, you always know the profit one day. Today you will know what the profit of tomorrow.

Step 1: Register your Bitconnect account
Step 2: Use a specific amount to buy Bitcoin, then load into the Bitcoin wallet in the Bitconnect account
Step 3: Use this bitcoin to buy Bitconnect (BCC)
Step 4: Get BCC to invest in specific package
Step 5: Daily interest will be paid in USD and updated to Lending wallet
When making profit in Lending Wallet you can withdraw money by changing this USD into BCC, changing BCC to BTC and withdrawing BCC for some wallet on the exchange for selling VND.

Ngoc will have detailed instructions on how to invest and withdraw interest on Vietcombank in the following article.

Also, if you do not want to continue to keep BCC in the Bitconnect account to wait for the BCC to rise, this is double profit.

With monthly interest rates ranging from 35 to 40% like this, it's only about 2.5 months that you can get your money back. However, if you want to withdraw quickly, you can consider a high investment package.

Why is Bitconnect so fast and paying high interest rates (40%)?

On the question of why Bitconnect copper price increases so fast in only 8 months (from $ 1 ceremony $ 95 / 1BCC) according to Ngoc think there are two main factors as follows:

Supply and demand: This is the concept of value, which is more scarce as more people are interested in the price increase.
For example, with a Swiss made clock limited to 100, it would certainly be very valuable because many people want it.

With Bitcoinnect, there are only up to VND29 million in BitConnect and there is not much more, so many want to own it, so more demand is needed.

High liquidity: That is easy to buy, Bitconnect.co is a trading platform, where you can use Bitcoin to buy Bitconnect. Sell ​​BitConnect right here (in BCC Exchange)
You want to buy how many BCC also and how much BCC to sell and also the transactions are matched and calculated automatically by software (called robot).

Why is Bitconnect so high paying?

Really when the new Bitconnect, personal Ngoc is quite a question and sometimes wondered about this interest. It must be said that so far there have been few investment models for such high profits.

However, after careful analysis, Ngoc found that it has a good foundation, ie, as mentioned above, Bitconnect has high liquidity, many people want to own it so the price increases very fast.

Meanwhile we invest in USD lending and interest is paid in USD so BitCon always benefits and calculates that 40% is not much compared to the price that Bitconnect is increasing daily. .

Specifically, we use potential Bitcoin, then use that bitcoin to change Bitconnect => at this step the number of BitConnect in the natural market has increased because of many transactions.

Then we use the same Bitconnect that converted into USD investment package, which the US dollar does not always increase so they already own your Bitconnect number and put on the floor for trading robots make profit. In the end they pay your interest in USD => so here they have more than 40% interest that pay you a lot already.

In addition, BitCon has been traded on many different platforms such as Livecoin, CoinExchange, NovaExchange.

However, the main floor of BCC Exchange still accounts for the highest number of transactions (over 90%), so the price of BitConnect is always coordinated and calculated accurately and always matched by software, not affected by factors. Market or speculation, hoarding as other Altcoin co.

Bitconnect has a scam? Is it multi-level?

Here are two questions that most of you recently asked.

Actually, with the question "Bitconnect is scam?", Ngoc thinks that this is not the correct question!

Because in fact Bitconnect is just an electronic currency, so it can not fool anyone. This is only a question of those who are afraid, not yet thoroughly understand the model of financial investment.

The exact question would be: What is the risk and potential of Investment and Bitcoinnect?

Possible risks when investing in BitConnect

People who invest in BitConnect rarely talk about risk, or they often say "there is no risk."

With Ngoc want to assert that: There is no investment form without risk potential at all! It is certainly more or less risky to invest, even if you go to work for a living, there is a risk that (the company goes bankrupt)

Like other investment projects, joining BitKit you will have to prepare the following psychological risks:

Risk of security: This is a risk from you, because do not know how to secure the account should be able to hack or steal login password. The hacker will use your account and withdraw all BitConnect, you will have no way to get back.
Tips to invest in BitConnect or any other project is to use 2-step security with

Potential when investing Bitconnect

If you look closely and analyze the specific, you will see that Bitconnect is the fastest gaining currency and has reached the top 15 on the CoinMarketCap rankings (and those who reached the top 20 are very profitable coins. power)

Therefore, BitConnect will have the following potential:

Quick recovery: With 4 liven investment packages and current interest rates (from 35-40% monthly), after only about less than 3 months you can recover the capital already.
Example: With the $ 1010 monthly package you will receive a profit of about $ 350 and so only 2.5 months that you have been able to recover the capital already. After that, you can rest assured that you will receive the right interest.

Double interest: That is, if you do not want to withdraw your interest every day, monthly transfer to Vietconbank can transfer the interest to the Bitconnect and stored in it. This way you just take profits from the investment package and get more profits when the copper price increases, this is the "double interest" in the form of electronic investment.

How Bitconnect Investments for Safety?

Ngoc has also been involved in Biconnect investment for more than a month (from July) so would like to share with you the experience as follows:

First: You need to thoroughly understand the potential of BitConnect to determine how to invest properly and sustainably. For example, if you notice the value increases over time, you can invest in BitConnect now and wait for the next 2-3 months to make a profit.
Second: If you are in Lending, consider using idle money. Idle money is money that without it in the next 2-3 months will not affect your life. Absolutely no greed devotes all of your money to investing because any investment pattern can be risky.
Third: If you have large capital, you should invest in high package to make time to withdraw more quickly because it is possible in the long term when the market capitalization of Bitconnect increase, the interest rate will not keep the current level. . So if the low pack is buried long enough for you.
Investing in BitConnect can be a form of venture capital, so you might be tempted to get rich quick. However, if you are hesitant and hesitant to join or have a bad strategy, then you may be lose or get very low interest when the BCC value goes down due to market fluctuations.

Thanks. If you like this post. Please upvote to improved my Steemit Channel.