Bitconnect Trading Bot and Lending Program Finally Revealed!!
Many people have their opinion, of Bitconnect being a pyramid Scam and the answer is!!
After doing much research and getting back my capital release today, i have to say it is not a ponzi Scheme however they are still ripping you off. This is a simple way to simplify their lending program.
Lets say you invested 1 Bitcoin which was worth $10,000.00, 2 months ago and purchase BCC at $150.00. They would have given you 66.67 BCC tokens. Then you invest those 66 BCC tokens in their lending program for 120 days.
Today 1 BTC is worth $17,000.00 and 1 BCC has gone up to $381 give or take, so on the day of your capital release BCC will only give you 10000/381=26.27 BCC tokens. If you remember in the beginning they took 66.67 tokens from you. So after paying you out the 26.27 token the company is left with 40.4 of your tokens. This works out like this, 66.67-26.27=40.4 x $351 per coin that's a total of 15,796.40 that they have made with your investment. Now based on this example they can afford to pay you back interest daily
They own the supply of the coin and they control and manipulate the fucking market. Just like most crypto currencies as long as Bitcoin goes up and people invest in Bitconnect, it will be worth something. Plus the fact that it is backed by bitcoin seeing that bitcoin have the potential to go up to $200,000.00 then rest assured you will always get paid out interest in BCC.
Also since they take our bitcoins who knows if they also have their own cloud mining pool and getting residuals income from that on a daily basis. I invested the same amount of money in cloud mining on https://pool.bitcoin.com/index.html?code=On4Wk8 and my payouts are roughly the same, i will double my investment in 4.5-5 months. So that makes me wonder how is BCC any different?
I can't say that bitconnect is a scam i can only say that numbers don't lie. So as an investor if i can double my money in 120 days, i say why not, i am totally going to reinvest for another 120 days. While using my daily residual income to buy altcoins.
Great article, it's risky specially now that everything is going up in price. Sometimes it's best to buy many coins and sit on them. Look at what lite coin did today and ripple. More profits in holding if you have no interest in compounding your pay outs to get more daily. Bitconnect is just a website and nothing else. No new technology just moving money around is all they do.
yes however you run the risk of loosing your Capital if you don't know how to trade properly.
Dear you have the ability to explain things clearly and effectively can help us. Here are a few tips to help make your explanations understandable and useful.Thanks Again :)
BitConnect is one of the latest MLM opportunities to be spotted out in the wild, and as such, I figured it would be a good idea to see just what this company is bringing to the table while its still young and fresh
i was skeptical till i looked at the numbers, as long as BTC goes up its viable business..
100%Scam