I invested the minimum $100 in bitconnect on August 6th, the funds came from what I earned from posting on steemit. As of the writing of this comment that investment has earned $136.69 in interest. That's an average 1.41% daily return on the time I spent in writing posts and creating content for steemit. If it ends up being a ponzi scheme, what have I lost really? Time? Time that I could have been doing what? Posting on Facebook and not getting paid for it anyway. I for one am willing to take that risk. I have 0 referrals by the way. I'm planning on letting this investment ride for a few years at least. When I get to the point I'm earning roughly $200 a day interest I'll cut my reinvests back to only 2 days a week and pocket the grand in interest each week.
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The point is you didn’t pay in dollars, you paid in btc. If you had just kept the btc you would retain control and earns more than $136. Also, I assume that’s all reinvested?
I invested a similar amount in July and I have withdrawn btc and have managed to recover well under 50% of my initial investment.
Its a scam. Prob not a traditional ponzi but people are going to lose a lot of money.
Craig invested $100. All the rest of it came from referral fees, convincing others to invest their money!