How do we make money from Bitconnect ?
Bitconnect's lending platform:
Claims that the promised returns that lenders make by lending their Bitconnect (BCC) to the Bitconnect's lending platform are made from a Cryptocurrency arbitrage trading bot.
Is this a fact that they practice arbitrage trading with a trading bot ?
The answer remains unknown.
Is it profitable to make money from Cryptocurrency arbitrage trading bots ?
Yes is is highly profitable to practice Cryptocurrencyarbitrage trading manually and
even more so if you automate with a trading bot.
Minting:
Simple minting Bitconnect tokens (BCC) with Bitconnect-qt wallet is profitable.
How does Bitconnect's lending platform make their money ?
My research suggest that Bitconnect's lending platform make it's money in five combines ways;
Bitcoin's Appreciation:
When you visit their platform. In order to make an investment you first need to use your Bitcoin (BTC) to buy Bitconnect (BCC). Each time Bitconnect (BCC) are purchased Bitconnect's lending platform earns Bitcoin (BTC) and each time Bitcoin (BTC) appreciates in value they profit from the appreciation.
Bitconnect's lending platform exchange fees:
On Bitconnect's lending platform website there is an exchange platform to convert Bitcoin (BTC) to Bitconnect (BCC). There is a small fee per trade.
Bitconnect's lending platform arbitrage trading bot:
If they do own a trading bot the are making a lot more in returns on lenders investments than the "so called"
unbelievable 1% daily returns that they promised and are probably even holding out on their lenders.
The fact is arbitrage trading in Cryptocurrencies is currently extremely profitable and has been so for years practicing this can make up to 50% daily returns if you know where online to look. ;) .
Bitconnect's (BCC)'s appreciation:
There lure of 1% daily returns attracts a lot of people who simple never heard of such gains before (a lot of people). To get these gains all these people need to get some Bitconnect (BCC). This demands forces a rise in the price of Bitconnect (BCC) as well as adding value to Bitcoin (BTC).
Bitconnect (BCC) mining:
Simple minting Bitconnect tokens (BCC) with Bitconnect-qt wallet is profitable and Bitconnect's team is also minters of their own token.
Will the Bitconnect fail?
Bitconnect shows no signs of going away anytime soon. The business model is almost flawless.
Almost flawless ? Affiliate links are the best way to advertise when your product is legit however affiliate links are also linked to many notorious ponzi schemes which is why many people doubt the Bitconnect's platform's integrity.
I personally after my research have invested in Bitconnect's lending platform to take advantage of the reinvest function and it is going really well. My thought are that Bitconnect (BCC) will possibly die if all Cryptocurrencies die as well. Bitconnect (BCC) was designed to support, rely and benefit from other existing Cryptocurrencies through arbitrage.