My Personal Experience with BitConnect

in #cryptocurrency7 years ago

Ive seen a TON of reviews on on this site and others regarding BitConnect.

Some people swear by the site, others are convinced it is an elaborate Scam.

This post is meant to give you MY views on the site/service/currency based on MY personal experience.

What is bitconnect

What is Bitconnect | Learn how to Buy, Sell and Lend Bitcoins Directly
​BitConnect- A self regulated Financial system​

BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who, like you, are seeking the possibility of income stability in a very unstable world.

What is the opportunity?

You can invest BitConnect coin in Bitconnect lending platform exclusively from the BitConnect Dashboard. This investment option involves profiting from Bitconnect trading bot and volatility software. You will receive daily profit based on your investment option. Upon investment term completion, you will receive your CAPITAL BACK to take out from the Bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit.

What kind of returns have I PERSONALLY seen?

I have been receiving anywhere from 0-2.32% daily interest on my investment. Over the course of this investment, I have averaged .65% daily interest which is a really nice daily ROI. The volatility software's limitations are seen on days when you get 0% interest returned to you. It is a kick in the ass to see that but its isnt often.

Ease of Use

The website is very user friendly, including their dashboard. You deposit your BTC, convert to BCC, and then you can lend out your BCC to begin to receive daily interest which you can convert back to BTC and send right back to your BTC wallet.

Caution

I am happy with my experience thus far and want to caution everyone before putting in any money. In all investment there is a risk of loss. With Crypto, the risk is extremely high but the reward, as seen here is also very high. Is this a Ponzi scheme? I cant be certain that it isnt but each lender has seen consistent returns and no one can claim to date that they havent

  1. received daily interest payments
  2. received back the initial investment at the end of their term

What does that mean to me/you? For now, while the structure is fishy, it continues to pay and return the original investment. For now, I feel comfortable with the site as it is continuing to hit off on #1 and #2 above.

I only invest with them what I can afford to comfortably lose and not sweat it. My amount is different than yours but the daily interest and earnings potential are amazing at this point.

Please comment below with your experience's with BitConnect and feel free to use my link to earn extra returns on your investment(s)

https://bitconnect.co/?ref=ladimando - use this link for higher returns on your investment

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One day this site will close and everyone will be left with their coins taken...

I still cannot fathom the surety people have that its a scam. Why is it that HFT can net people hundreds of thousands a day, and this volatility driven software cannot do what it claims?