Make Money Daily Loaning Your Bitcoin Using Bitconnect
A beginner's guide to loaning your bitcoin and mining Bitconnect Tokens using your computer!
BitConnect (ticker symbol: "BCC") is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education.
According to Wikipedia, it is a community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest.
#1. Coin Lending-
To start lending on Bitconnect, a minimum equivalent of $100.00 USD must be invested to begin (A link to the sign up page is further below). Their guaranteed interest rate is compounded daily using Bitconnect's proprietary "price volatility software." So essentially the interest your loaned money earns can be anywhere between figures such as .17% to 1.86% (example only) based on the market volatility of Bitcoin on that day. Because bitconnect tokens are essentially locked in once their loaned, this creates a huge supply and demand fluctuation process which is a good thing! Here is the coinmarketcap.com price listing as of today(8-12-17):
#2. Coin Staking-
Staking is the reward you receive for supporting the network by holding coins and running a node. If you have coins in a wallet that is a POS (Proof of Stake) coin(such as BCC), your supply of coins will grow as long as you are holding the coins.
Staking is also related to time. You are paid an amount based on an amount of time that has elapsed. Some coins also have limitations on when the coins will stake and for how long.
Different coins have different values for how the staking works and these values are important for assessing the value (or future value) of a coin.
#3. Coin Trading
If you're reading this, than I'm going to assume that this essentially self explanatory. If you are a total newbie however, you can visit this link to educate yourself, and welcome to the party!!! https://en.wikipedia.org/wiki/Cryptocurrency
#4. Coin Mining
Because Bitconnect tokens can only be mined using a CPU or GPU, this means that you can mine tokens on your computer or, if you have it, a Graphics card. For those of you interested in mining, but still lacking any knowledge on the subject, I recommend beginning your education on youtube. There is a plethora of information on the subject. Although, I will go ahead and tell you that just using your computer's CPU to mine BCC IS NOT going to be a profitable endeavor by any means. This is however a fantastic way to open your mind to the world of cryptocurrency mining!
Lots of people have made lots of money doing this. At the end of the day this is a brave new world in the Fintech community but it has so far proved it self a winner!!
Bitconnect also has an affiliate program so if you do decide to sign up click the following link to join our affiliate team to help maximize our profit margins together! Also if you have any questions at all, or just want to chit chat about random stuff, feel free to message me here on Steemit, tweet me at @rundmc214 or on facebook at https://www.facebook.com/blockchaindojo/ .
https://bitconnect.co/?ref=rundmc214
Finally, I'll leave you with a youtube video of the guy who is the leader of our affiliate team program, CryptoNick. This kid is barely 18 but I would allow him to handle my portfolio anyday!!! He took his summer job savings of 5 grand and turned it into over 100k in barely no time!!! I highly recommend giving him a like and sub if you are a fellow youtuber as well!
Thanks so much and as always, HAPPY HUNTING!