Bitconnect.co is an investment platform launched in the middle of 2016. You can trade cryptocurrencies or invest and earn an interest daily. Most banks offer interest on your investments on a per year basis, so daily is pretty incredible.

Bitconnect.co is a website where you can convert Bitcoin to Bit Connect Coin and then lend it to the platform at a daily interest rate. This means you'll receive on average around 0.85% or higher per day that you can withdraw or reinvest to then exponentially grow because of compounding. Your initial investment is locked in for a certain amount of days depending on how much you invest and the more you invest the sooner you can withdraw your investment. Also, the more you invest, the more bonus interest you earn daily. It does seem to good to me true, or is it? Lots of people talk about it being a scam and give their opinions, but I haven't read or seen any videos where people have lost any money.

It's always recommended to invest money into cryptocurrency that you're willing to lose and that's exactly the mentality I'm using with my crypto on bitconnect.co.
I'm willing to lose all the money I put into BitConnect.co could very well be a scam and it could also be the beginning of something very big.

People lose millions all the time from throwing money into startups hoping they'll take off and be the next Facebook. If you’re an investor, you’re willing to take on risk; some more than others. That choice is up to you. For me, I think bitconnect could be a ponzi scheme, but it also could not be. Cryptocurrency and the blockchain is such a strange concept to 99.9% of the world. It simply could be that bitconnect is leveraging a highly volatile marketplace and it is legit.

Bitconnect uses a trading bot that takes your invested money and trades it for a profit. My understanding is they collect fees for exchanging bitcoin to bitconnect coin and back as well as they take some of the bot's profits for doing the work. If the creator did it privately and didn't share profits, they wouldn't have money to work at scale.

Let's discuss some positives:
• Daily interest is paid that I've successfully withdrawn out of bitconnect.
• Many other people have successfully withdrawn their money.
• Approximately after 3-4 months you will earn via interest your original investment amount.
• The crypto currency they use is listed on Coinmarketcap and it's gained a lot of traction.
• They took the time on their website to include Google Authenticator.
• They took the time to include https on their site.
• They have an app in the app store.
• They took the time to create a 3 minute promotion video.
• They took the time to have you verify in your e-mail to gain access to the app.
• They've rewarded people who had bitcoin in their account with Bitcoin Cash after the August 1st split.
• I heaven't read or seen anyone lose any money.
• Cryptocurrency is new and it scares people, but to an investor, this is where the money is made.
• They have a Facebook page and a youtube channel that seems to be updated often. Same with their website blog.
• Bitconnect used BCC before bitcoin cash so it looks like they'll need to change bitcoin cash's ticker to BCH or something else.

Let's discuss some negatives/weird aspects:
• Very similar to what's known as a Ponzi scheme.
• Some spelling mistakes on the website.
• Hasn't responded to my support tickets.
• Pays interest back in USD instead of cryptocurrency.
• Bitconnect coin can be legit, but the website bitconnect.co could be a scam.

Let's discuss this further:
Similar to a real estate investment where your money is used and locked in for a period of time in exchange for interest earned. This is exactly what bitconnect is. The platform uses your money to trade and gets a profit daily because cryptocurrencies are extremely volatile.

Big risk = Big returns. (And big losses)
Regardless of if it's a scam or not, I'm throwing some money into it that I'm willing to lose and we'll find out.

At the end, if it is a scam, I lose money I was willing to lose.

If I told you in 2010 to put $1000 into bitcoin and that in 2017 it'll be worth several million dollars, you'd laugh at me and say “No thanks, that sounds like a scam to me; a great way to lose $1000.” Well, as it turns out, for all the people who did put money into bitcoin in the early days and became millionaires, it definitely was not too good to be true.

Invest what you're willing to lose! This is not investment advice. This is my opinion and what i’m doing regarding bitconnect. Do your own research and make your own decisions.

Check out bitconnect here (this is my referral link) : http://bit.ly/2hQ6dNQ

Any questions feel fre to ask.