This is a brave new world, thousands of new people invest into crypto who have never invested in anything before.
These scams naturally occur in new economies. but fortunately, people are more mature now than a year ago.
BitConnect Coins was worth about 0.14 $ a year ago.
If you would invest 100 $ into BitConnect, you would get (714 Coins).
You would have Two options:
- Invest in BitConnect Platform,
In one year you would get 2,480 $ with compound investment, so you would get 24.8 X your initial investment.
- If you just Held the BitConnect Coins,
With 100 $ you could have bought 714 BitConnect Coins.
The all-time high price reached about 470 $
So 714 X 470 $ = 335,580 $
That is 3,355 X your initial investment.
The only way you could earn more money by lending instead of just holding the coins is, if the Coin price would have gone down, in which the platform would have been long gone by then.
Now that does not mean you should buy and hold any coins from any lending platforms.
The history speaks for itself, Google (Gladia coin, laser online, control finance, bitpetite, etc.....) they all were lending platforms who promised daily interest, now they all have exit scammed.
Hopefully, that helps the new investors.