Bitconnect Risk and Reward
Yesterday, Bitconnect paid out interest on my loan. The payment was $200 of passive income.
It's been earning like this everyday since I started, about two months ago. Thus, a month's payout would be around $6,000. That's a very respectable middle-class income.
But with easy money comes major risk. I could lose my principle, and all the money I've reinvested for compound growth, at any time.
This is all part of being an adult and accepting consequences. I only play with money that I can afford to lose!
Bitconnect is one of many investments I have in this space. It is one of the more controversial projects I've participated in, and sometimes feels a lot closer to pure gambling.
But it represents one of the things I love about cryptos -- I get to choose what I want to do with my money.
Well looks like the censorship showed up ;)
That means you lend over 20k? Wow, nice!
Less than that, because I got a bonus % on some of my loans.
Maybe I'll publish my full stats in a future blog.
Cool. Yes please! I will follow you =)
$200 Dollar Days Are Normal Now post voter
Your self-vote paid zero cents ;)