We test and report on our experiences with the BitConnect platform and BitConnect currency (BCC).
BitConnect promises Bitcoin-Investing a different level of raising and opening for all. To do this, the creators behind BitConnect have their own currency, the BitConnect currency (BCC), and the BitConnect lending platform was introduced a few months later. The platform can be invested in automated bitcoin trading and benefit from daily distributions. But how does the principle of BitConnect work and can you really make money?
Table of Contents
- What is BitConnect?
- What is BitConnect-Coin (BCC)?
- Test and review
- BitConnect After 5 days: $ 7
- After 30 days: Other Invest for $ 100
- conclusion
What is BitConnect?
BitConnect * is a platform where you can lend your own bitcoins. These are managed by Bitcoin Bitcoin trading bot and the profits generated by the bot are distributed daily. A pity is that it really does not explain how the bot acts. Really much in the bot will not say in BitConnect, just how high the distributions of the last days were:
However, we want to dedicate ourselves BitConnect, try and share our experiences: BitConnect launched in November 2016 an ICO and therefore brought the BitConnect-Currency (BCC) in the market. Two months later BCC's desktop and web portfolio was introduced, as well as a BCC exchange (bitcoin to BitConnect Coin). In addition, the exchanged currencies could also be invested in the Bitcoin Trading Bot on the platform in January. 2017, thus benefiting from the daily distributions.
What is BitConnect-Coin (BCC)?
The BitConnect-Coin (BCC) is still a new currency and since the end of 2016 in the Cryptomarkt. The currency is however very popular and has been listed for months among the top 20 cryptocoins in Coinmarketcap. With a market capitalization of currently more than half a trillion (!) Dollar the currency occupies place 14. Since May, BCC apparently explodes and could be ten times its value. Still in January the currency for 0, 13 dollars could be obtained, a BCC now costs almost 90 dollars.
Why is the currency so successful? Not only does the BitConnect platform offer the Bitcoin bot a way to make quick money. In addition to classical mining, the Currency is also based on the participation test algorithm (PoS), which can be obtained by betting BCC. This means that no mining hardware should be operated, but only the BCC currency should be kept in its own Bitconnect QT Wallet. Each year, BitConnect promises an over-the-top return of 120%!
BitConnect Test & Experience Report
Despite all the skepticism, we would like to try BitConnect and share our experience: Registration is easy and complete in less than a minute. The platform is a bit confusing, but after a few minutes, it is clear what the next steps are: the transfer of bitcoins to the platform.
Here Is Website Link: https://goo.gl/cQrM4c We transfer about 200 dollars to bitcoins, which can then be exchanged in the "BCC-Exchange" integrated in BitConnect-Coins. After bitcoins are exchanged in BitConnect-Coins, they can be given in the "Dashboard": "Lend BitConnect". The BCC currencies that are invested must produce a sum of 10 dollars in US dollars, starting with the smallest investment of US $ 100. Then it can always be increased in increments of 10 dollars. For the brave investors, the highest levels (starting at US $ 1010) offer more incentives through better interest rates and a shorter duration of the investment.
It is also important to keep in mind that the money invested is invested up to 299 days and can not be withdrawn! Only distributions are credited daily to the account. Only after 299 days (in the first stage) is the money invested.
We have decided to test the investment of twice US $ 100 - with one day of compensation. These can be seen in "Transaction"> "Loan Portfolio". In addition, the first day interest rates were already credited: $ 1.86.
After 5 days: 7 US dollars
After the first few days, the daily interest flows into the account. Almost 7 US dollars. They have already paid interest, which means an interest rate of just under 3, 4% after only five days.
We pay the interest paid in US dollars again in BitConnect-Coins. However, they can not be reinvested directly, since the minimum deposit for the rent of coins is at least US $ 100. Photo: © "bitconnect.co" Screenshot: After 30 days of regular payment, also having some days without distribution (0% Intrest), could be used again $ 100 due to interest paid. Although the distribution was not yet 100 US dollars, but due to the favorable price relationship, and an increase in BitConnect currencies (currently 1 BCC = 136 $) another $ 100 could be invested. Last month , Bitconnect was not available for a day, the course broke down strongly here, probably a lot of a snowball system was coming out and had sold the Bitconnect currency when the Bitconnect site was not available. After a day the site was back online and the price of the currency reached new highs.
conclusion
We are really very skeptical, whether BitConnect is a serious provider and remains for an extended period of time. Although the BitConnect with coins appears in the top 20 in Coinmarketcap, which may speak of a certain quality, but this may be wrong and only reflect greed, because everyone wants to invest in BitConnect. We will continue to report on our experience with BitConnect.
You Can Join Here: https://goo.gl/cQrM4c