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RE: Bitconnect's Not To Good Lending Platform
Correct me if I'm wrong, but if you invest $10,000 - say at Bitcoins price of $2,500, that would get you 4 BTC. With Bitconnect, I would make $120 a day for 120 days (14.4K), plus get my 10K back. The only way you would lose is IF Bitcoin went to $3,600 in this time frame.
Looking forward to hearing your perspective on that.
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I still don't see it. I mean, if I invest 10K into Bitconnect right now, I would get $14.4K back plus my 10K investment. Bitconnect is currently worth $49. So if I purchase 10K at $49, I would get 204 coins. Those 204 coins would then have to be worth $70.5 dollars by the end of 3 months for me to make $14.4K. It could be $70.5, it could not.
I'm playing devils advocate because it's an interesting concept and I've been on their site several times. I deposited money and I took it out before I started a loan. That happened twice just because I thought it was suspicious. I still intend on doing a loan but don't get me wrong, I have my speculation. Regardless, it's residual money and you don't have to worry about the price of a coin. You can just collect USD if you want to. There's no bank on earth that will give you a return like Bitconnect. While it might not be the best strategy to collect coins or accumulate coins, it's not a bad way to make USD while you sleep. Especially if you travel full time to countries where USD goes a long way and you continuously have it pouring in :)