BitConnect, Scam or Great Investment? My take!
Here's my take on the Bitconnect network.
I will disclose that I have invested over $1,000 into the investment part of the platform. I will not give you my reference because if it it a scam, as some people here believe, I don't want the 7% referal fee on my conscience.
However, it is paying out in $'s each day and I'm withdrawing BTC. The investment is locked in for 239 days and then you, supposedly, will get back your initial stake in $ terms.
People Claim it's a ponzi scheme as they can' t believe it could give out an average of 0.4% a day. However, I read that JP Morgan's trading desk didn't make a single loss on any trading day for the whole of 2016. Is it possible that Bitconnect have a similar trading bot that is void of human emotion and can make a profit in volatile markets. Two days ago the payout was 0.03%, not 0.5%, when the market was very stable. Perhaps the bot makes above what is paid out and gives a buffer to cover the payout on ' unsuccessful days if the bot isn' t as tuned as JP Morgan's. Is that my wishful thinking and hoping it's legitimate or is this possible? Without being part of the development team it would be hard to say and the software would not be open source as the competition from adoption would destroy it's edge. Many free open source bots often don't work too effectively.
Network marketing is not a bad idea in principle, especially if the product is quality. I wonder is Coca Cola has less than a 10% marketing budget. The market cap in 5 months has overtaken Steem with this strategy and I haven't heard any negative feedback from anyone who is involved. The pre-mined coins seems a reasonable number to fund the development IMHO. These aspects have been brought up as critisism against the Steem platform.
What I do know is that the platform is intuitive and well thought out from a design aspect. The English used is sometimes from a non native English speaker but pretty good on the whole. Sending the Bcc coin to different wallets is instantaneous and the minting of the new coins is 90% Proof of Stake and 10% Proof of Work. You can use a code card or Google Authenticator to secure your account.
The trading bot, if legit, gives value and income to the investment and therefore does not require new investors to support it. The Bcc coin is a different investment to lending to the bot and price is dependent on supply and demand.
Remember, don't invest what you can't afford to lose!
I know this is an old subject, but here is my opinion on the Bitconnect Scam Debate.
Please feel free to comment on it. I'm really curious about your stand, now ... after 2 months from writing your post
Bitconnect is still working great... until when?
excellent perspective - BitConnect is doing phenomenally well: http://afino.link/BitConnect
here is how to enter the 500k bitconnect giveaway. www.youtube.com/watch?v=k9JXjlCwbgs
If anyone is looking to start this is real easy to set up guys, Bitconnect has been paying me about 1% every day, DAILY!! Here is a link and my referral. https://bitconnect.co/?ref=sk33t3rb0b
Best advice I can give is start small and learn what your doing. If you lose $100 you wont be as bad off. But when you get comfortable you can start doing bigger amounts and get into better money. $25,000 should earn you a around $80,000 a year :)
Bittconnect.co is very poor platform for invest money,
why bitconnect.co is not good?
1 , bitconect.co paying with dollors and very low profit ,
2, bitcoinnect not certified by legal decuments,
3 , bitconnect.co talking our investment for 2 years its too long time period,
which site is better than bitconnect.co????
we can invest money on bitcoinsolve.com ,
why bitcoinsolve.com is better for invest bitcoins?
1 , bitcoinsolve.com is totally Certified by Legal decuments in USA,
2, , bitcoinsolve.com giving very good profit, also we can choose plan,
3, bitcoinsolve.com have principle withdraw ,
4 we can refund our desosit amount any time from bitcoinsolve.com
5 bitcoinsolve withdraw fees is very low for 1 transection only 1$ ,
6 , we can start work minimum 5$ ,
well It's like one of this rare instance when it's actually unknown
the return is great , i through some money there, i don't want to regret not investing in the opportunities
If you interested here is an URL:https://goo.gl/ubW9Y9
Bitconnect just paid out Bitcoin cash for the BTC holders after the fork. They pay out and seem honest enough to give them a shot.
I invested also and I don't care what people say let them watch us getting profit daily and its my money anyway, no one can judge where I put my money in and its normal people have to say something disagree in every business especially that grows fast, there's an opposition in every parties anyway. but once again its my money and if something went wrong its alright at least I tried and I could prove it if scam because I cant able to let myself not trying and just keep speculating.
Thanks for the post. If you guys want to invest, please use my referral link https://bitconnect.co/?ref=bccinvest1
I am signing up today for bitconnect. I one of my followers who reply to my post that I would use there code. So I am looking for a code! I do not think it is a scam and I am comfortable playing/risking/investing the usd that I plan to put in.
https://bitconnect.co/?ref=senseier2
https://bitconnect.co/?ref=DirtyVarmint
https://bitconnect.co/?ref=ladimando