BitConnect - Invest In Trading Bot
BitConnect is a website for people who use cryptocurrency. It is a community of crypto enthusiasts, and has multiple services that they provide. BitConnect has had cloud mining, a mining pool, but now their big thing is their trading bot. You can invest money into the trading bot, and currently on average you can make about 1% return on investment per day. 1% per day is an amazing return, but some people still prefer to invest in different cryptocurrencies, because they can make even more sometimes. I personally prefer to use both. I'm trying to diversify more, so I am investing some in the BitConnect bot, and some in other Cryptocurrencies like NEO and other altcoins.
If you want to invest in the BitConnect Bot, you can deposit Bitcoin to your Bitconnect account, then trade it for BCC (BitConnect Coin) on their exchange.
Then you can lend your BCC to the trading bot. Once you lend, you will get daly interest, currently about 1% per day. You can withdraw your capital after a certain amount of days, and you can reinvest it, or keep it.
If you have any questions or comments, reply to this post, and I will try to answer them, and Upvote your comment.
BitConnect Link: https://bitconnect.co
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Hi Jack, the first question i asked when i looked at bitcoin connect is "would I pay that much interest to borrow bitconnect/btc?" and the answer is no. Even steem has a difficult time structuring its yearly inflation. Dan and his team have been figuring out how to work with curation since it's critique of doubling in 2016. My point of this is to bring up the fact that generated steem (or interest) lowers the value of steem, but the value our community places in steem drives up the price. Nobody will borrow btc/bitconnect at the provided rates.
I have several friends in bitconnect right now. From observation of the business model provided, i'm afraid bitconnect may be a ponzi. To me, this is not necessarily bad . . . i still believe bitconnect may be profitable, but not in the long run when the scheme runs out of circulating money. Whether it is a ponzi or not, there will be fud in bitconnect, the profits from interest will not sustain. My best guess is that the leaders or CEO of this group will wait until a later date when there are a desirable amount of invested $$ before a dump occurs. I would continue to buy some because the investment is effective, but I would be careful with sharing this information because once the dump/pop happens with bitconnect, many newcomers to the crypto community will be hurt and this will likely cause a negative emotional impact. Of course, anything that makes profits is great to me! I am just afraid the ripple effect, likely caused by bitconnect being unable to pay back it's investors in the future, will damage the crypto community and further lead harmful crashes which has plagued BTC in the past.
Ponzi schemes are profitable in the beginning, I would be careful with staying in this market too long. I am considering joining just for fun, its great profits, but it is not the most important factor for me choosing a crypto. I try to choose one that helps me sleep at night!!
I agree with your support of NEO, so am I!! It is fomo a lot right now, but it's potential is still massive. It's staking gives it great potential and reddit and online groups are forming development teams! There is CEO, news exposure, and we are clear with their business and future roadmap. This is something i feel may take a dip in the following days, but will eventually rocket in the future. It's staking may not be as good as bitconnect, but it helps my mind rest.
I like looking at your posts. We look at similar things! I can get quite emotional trading but I have been improving to make objective, rational decisions. I would invest in bitconnect for the money, but I would not invest in it for the scheme. I have not decided yet. Hope you are well Jack
I think it will probably go down in how much interest you make as more people use it. The way it works is you invest money, and based on how much the trading bot makes that day, you get money. If the bot made 1%, BitConnect would keep 20% of the profits, and give you 80%, which would be 0.8% interest from that day.
How long does bitconnect take to respond I have problems with the two factor identifier and it will not let me enter my platform.
Could you help me?