What’s the number one question when deciding to continue investing in Bitconnect or looking at investing in the platform for the first time? WHEN WILL BITCONNECT COLLAPSE AND WILL I GET MY MONEY OUT IN 299 Days ? I hear you ask. This question, much reviewed on You-tube generally generates 2 answers. From die-hard fans 1) ‘Bitconnect will last as long as Bitcoin does and continues to be volatile’ and from the skeptics 2) ‘Bitconnect is a ponzi scheme and will cut and run in 2018’
The answer actually lies in reading between the lines of the two camps of thought. Firstly, let’s give credit where it is due, Bitconnect has established a block chain backed coin, something that has been missing from a number of lending sites which failed in 2017, such as Bitpetite. In addition, bitconnect coin has appreciated in value and has seen phenomenal gains. Being, live for more than a year and having a substantial market cap there is no such indication they are planning to go anywhere. Capital releases seem to be filmed daily on media platforms.
In my opinion Bitconnect won’t cut and run, but the generous gains currently much loved will gradually fizzle out as Bitconnect evolves.
Evolves? That’s right, to set up bit-connect the ‘individual’ or ‘group’ did not come down in the last shower, and they have a game plan. Bitconnect will evolve into a cryptocurrency bank. Already having an investment arm, the release of the bitconnect X payment coin/payment card and an upcoming exchange in 2018 support this theory. Daily interest payments are becoming lower averaging 0.85% and rates appear to be capped at 1.5% or lower. Taken together this shows that as the name of bitconnect is promoted and the platform develops the need to pay out is not as high.
In conclusion, I believe the money you invest is safe. But the gains obtained from Bitconnect will begin to be a thing of the past. As time increases I predict profits to decrease. This year 2018 will be the year of regulation and as bitconnect evolves expect drama as the cryptocurrency landscape changes.
‘This is not financial advice’ Please up vote, thanks.