-- Bitconnect experience -- First Week Log
I have recently started a Facebook Page, if i have motivated you to think about bitconnect feel free to check it out and use my links!
Nothing special really for bitconnect information though I am just tracking my progress which is quietly exciting.. as a new user all i can say is it seems like a strong project to overcome the recent adversity with a strong conversion to dollar. best tip i can give is wait to transfer your usd earnings into bcc when conversion price is low. the swing of price yesterday seemed to be a good 5 dollars so there is room to build your bcc kitty day trading your lending profits while accruing new loan money.
https://www.facebook.com/futuremoneyjay/
Very good post
Great post!
It bitconnect legit? Yes and no
Yes->There are some genius things they did that looks like they are making a killing and sharing the profit with lenders.
Proof of stake and making interest on holding BCC. Since they hold the majority of the supply, they make a lot of profit.
They only let you money into it by BCC and get $$$ back. Essentially you are dumping your stash and locking it for 300 days reducing the supply and this makes demand higher and drive the prices up. By the time they want to pay you back, they give less BCC.
The BCC to BTC exchange happens in their website for the most part. They make a killing on the fees.
They have a bot that seems to be trading and making money.
Now why No, it's not legit, there is no transparency.
If there is a bot, where is it trading, what's the wallet address ?
How can a BOT makes money all the time. Seems to good to be true.
Lack of transparency to show they are cash flow positive when making money on fees, bot, exchange and increase of the price.
My strategy :
I did my homework and decided to throw money into t. I am putting $10k in it, $5k in buying BCC and holding on to it, $5k in lending.
https://bitconnect.co/?ref=succ33d11
not cool posting your referal on my page .. what u think man. cmon. good info tho