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RE: Theory about Bitconnect and how they can keep paying out investors ongoing...very interesting!
I'll bite...so IF I sign up under you and i invest say 0.5BTC (around $250) you'd give me back what, $20 or so?
And then how long will it take before I break even? What happens if Bitconnect take the money and run next week?
A lot of questions!
Oh and how will I get my money from you? How do I know you'll send it????
Hi Cryptomyballs, I would get 7% from your investment which works out to be $17.50 which I would send you back as Bitcoin. At current interest rates and with the 7% I give back to you, it would take around 90 days to get your money back.
You can ask mawit07 on Steemit, I actually (silly enough) made a deal where I paid him like 0.01BTC just to sign up to Bitconnect and not even make an investment! That was when I first started. Anyway, he signed up and invested. He writes some great articles too so I suggest you follow him!
Thanks for the questions and good luck with crypto and Bitconnect if you decide to invest! I'm here to help make sure you don't invest too much!
How long it takes is heavily dependent on the price of btc. I made a small investment over 100 days ago and despite bitconnect stating I have been paid out more than my initial dollar investment, I have received less than 50% of the original btc back.
If btc continues to go up, bitconnect will continue to pay but it will be harder and harder to make a profit (measured in btc). If btc crashes it should be much easier, however it is unclear if bitconnect would survive a prolonged downturn in btc prices.
Yes that is an issue, if BTC keeps going up then it does take longer to recoup the actual BTC invested as opposed to the actual dollars invested. If BTC were to keep going down then I think it would still be able to run as BCC would likely still go up if investors kept investing.
ok so unless bitcoin like doubles in the next 90 days then i should still make a good return on my investment. I'm sure bitcoin will continue a steady rise but it's not going to hit $10K for probably another year atleast
Well it depends on how you look at it. If you already own BTC and were sending it to Bitconnect, then you can only lose if BTC increases more than the interest payouts you receive from BCC. If you are buying BTC with fiat specifically to invest in BCC then you're gains at the end of the capital investment will be better in a way because the money you used to buy the BTC would ordinarily have been sitting idle in your bank account earning almost no interest. But with BCC, you are now earning daily interest.
This is all on the basis of course that BCC will continue over the coming weeks and months which, for the time being I think will easily continue into 2018.