You have probably read several stories about the guys who bought $50 of Bitcoin 6 years ago and are now multi-millionaires. Even if you bought your first cryptocurrency at the beginning of 2017 you’re probably still pretty happy with the investment.
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Early this year, 2017 as at January Bitcoin was $900 but currently 1 bitcoin is equivalent to $12500k …This is exceptionally amazing, and you are still seating down claiming ignorance. By the end of 2018, it will get to $40-100k without any doubt due to its increasing demand/mining .
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Some people haven’t settled for the gains to be made in an expanding market. Over the last couple of years, several Bitcoin investment schemes have popped up. One of those platforms is Bitconnect. On the face of things, there are some pretty impressive returns.
According to Users report, high rates of interest—sometimes up to 2% per day, as well as a very generous referral reward.
Just look at the price of BCC (Bitconnect Coin) over the past 8 months. It went from $0.16 to over $300 and currently $380.
That’s a ROI of 190,500%, which is pretty/exceptionally crazy.
You’ll probably notice that BCC’s market cap has dropped dramatically on November 3rd 2017.
This is practically due to a revised circulating supply calculation,” according to Coin Market Cap. Vitalik pointed out to TNW over email, it has not affected BitConnect Coin’s price.
That is very strange as such a huge change in coin circulation should have a massive effect on the price.
That’s a good question, I’m not sure anyone can provide a simple but yet practical answer to this question. It seems like Bitconnect is trying to create a Bitcoin clone—with the main benefit being making money. Here’s an interesting intro video for the company:
Interestingly, referral codes come though the real moneymaker.
So for example, if I bring in an active lender that loans out $100 BCC, I will receive a $5 commission. For any additional loans, I will receive additional commissions. But it gets even “better.” If that lender brings in additional lenders, I get 3% of their lending amount, as well as 2% of any additional lenders brought in by these lenders.
What Is Bitconnect Up To?
The question that keeps running through my mind is: ‘If there is this great trading bot, why would they let little old me use it?’
In fact, the ‘special trading software’ line has been trotted out for every pyramid scheme under the sun. Take a look at the “promotional videos”: There’s nothing factual to see.
Simply look at how rich everybody is.
Delay is dangerous. I am a victim of this same situation. I had about $300 worth of bitcoins but sold it at a cheaper rate because of the fear of loosing it due to the previous MMM ponzi scheme Saga. Imagine how much $300 worth of bitcoin as at November,2016 will be now. I should be having more than 4-5 Bitcoin worth over $40k .
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