Bitconnect Tutorial

Bitconnect Tutorial
By: BitcoinWolf

Welcome to the Bitconnect Tutorial made by BitcoinWolf. In this article we will go over exactly how to get started with the lending program Bitconnect. In the end I will also show you the power of compounding interest.
(In this article I will only show you how to invest, in the next article I will go over the pros and cons with the program and review it in more depth)

What is Bitconnect?
Bitconnect is currently the 8th biggest cryptocurrency if we take a look at coinmarketcap.com who ranks all the coins in chronological order. Bitconnect was founded last year in November and since then it’s been growing rapidly to the point where the market cap is currently worth over 1.5 billion $dollars.

Bitconnect as I mentioned earlier has a lending program, it involves that you trade your Bitcoin to Bitconnect tokens (BCC) and lend it to the Bitconnect trading bot. Sounds complicated? It really is not. Let me break it down for all of you visually so you can get a better understanding of how it works.

After you have signed up to Bitconnect (https://bitconnect.co/?ref=hannesjak99) you will be logged in to the dashboard that looks something like this:
The first thing you will need to do is depositing the amount of Bitcoin you want to invest. (keep in mind that the minimum LOAN is 100$)
)

The next step you have to do after depositing the Bitcoin is that you have to exchange it to the Bitconnect Coin. (BCC) You do this by pressing on the "ALL" button besides the "TOTAL", Then you just press BUY and you have successfully bought Bitconnect tokens that you need in order to make a loan.

Step number three is to actually make the loan. Go back to the dashboard and simply press "Lend Bitconnect".()

The last step is to enter the amount you want to invest and then confirm the loan.

Congratulations! You have now started your Bitconnect journey and will be very happy with your investment in a few months when you see the AMAZING results!

The last thing I want to cover is the power of compound interest. As you already know you will get an Interest every day of an average about 1%. You can either choose to convert that to Bitcoin or you can reinvest it like I'm doing. So for an example, if you decide to invest 1000$ dollars today you will get an average of 10$ tomorrow. If you reinvest that you will get 1% of 1010 dollars the next day. It may seem like small numbers, but it adds up quickly! If you start with 1000$ dollar and reinvest all of your daily profits,
then after 120 days you will totally have 2980$ dollars invested! Now you will get an average of around 30$ dollars every single day. Let's take it even further, after 200 days you will have a total of 5560$ dollars invested and earn daily interest of about 55$.

So this is why compound interest is so POWERFUL. One of the most successful investors of all time Warren buffet once said "Compound interest is the eight wonder of the world. He who understands it, earns it... He who dosent... pays it."

Thanks for reading,
BitcoinWolf

SIGN UP HERE: https://bitconnect.co/?ref=hannesjak99