There has been a lot of controversy about Bitconnect. Some think it is a scam, some think it's a ponzi scheme, and others think it is a legit good investment. I have "lended" $610.00 dollars to Bitconnect and it has been 5 days (8 days, but my big $400.00+ loan was about 5 days ago so I am starting from here). For those of you who do not know how Bitconnect works, you loan them money in different increments, the smallest being $100. They hold your money for 299 days and guarantee you between 0 and 5 percent interest per day, and it is typically around 1%. At the end, you get your initial investment back.
As of now, I have received $44.08 back from my investment. That is almost 7% in just 5 days. The daily income you receive you have full access to, and you can reinvest if you want. I choose not to reinvest it just incase it is a scam, because it would lock that money up for 299 days aswell. Instead, I convert this into Bitconnect tokens which have been increasing in price quickly. I feel that it is a better profit to hold the token for now than to reinvest. Below is a list of the payments I have received since I began. Only one day so far I did not get interest, and I have gotten as much as 2% in one day.
As of now, I am happy with my investment and feel that I will at least regain my capital. I am a little worried that it could be a ponzi scheme, but if you get in early enough you can make money off those! I will continue to post my journey.
If you are interested in lending on Bitconnect here is a referral link. It will give us both a bonus.
https://bitconnect.co/?ref=spiz3995
I am not in any way connected to Bitconnect. I own Bitconnect tokens and I am investing at my own risk. I believe it is a good SHORT TERM play, but I do not know how it will play out in the long run.
If you have any questions feel free to comment! I will answer to the best of my ability.