I am writing this post because bitconnect has a lot of publicity in the crypto space. Some of the videos and articles I have seen are calling it one of the biggest ponzi schemes in the world and to stay away. The other videos and articles I see are people attempting to get you to sign up under their affiliate link so that they make money off of you.
In this post I want to walk you through my thought process for signing up, and what I believe to be the most intelligent and effective way to invest. In no way is this article meant to promote the use of Bitconnect, but rather to educate people who are planning on investing. I do not know if this is a scam or not.
With that said, if you are still thinking of investing, then please read below. I have detailed my progress and my thought process along the way.
I started my Bitconnect investment on September 27th. I invested $10,240 which offered me the additional .25% daily payout. I did this because with an investment greater than $10,010 you receive the capital back in 120 days and receive an additional bonus daily payout of .25% (aka $25 a day for a $10,010 investment).
Below are my tips for what I believe you should look for in this platform before putting any money into it. Before reading this please note that as a disclaimer, I truly believe the best investments right now would be to put money into Bitcoin or Ethereum. I also want to note that If I had decided to hold the bitcoin I used to invest, I would have made almost 1.33x the money I've made with Bitconnect.
ONE: The only way to invest in this platform is to assume it will shut down any day. With this said, before investing make sure you look up Bitconnect events in the future. When I signed up, I saw that there were two conferences in which Bitconnect was a part of and they were in October and November. So before I invested I decided that since there were events, that the platform must last at least until those events. This would bring me to about day 60 which would give me back 60% of my investment.
TWO: Decide what you are WILLING TO LOSE!!!! No money invested in bitconnect should be money you expect back. If you invest $100 then expect your wallet to be $100 lighter. This is important because this is the highest level of speculative investing you can participate in. If you don’t think so, then pleaseeeee avoid this at all costs.
THREE: There are two ways to proceed once you have lent Bitconnect your money. The first way and the way that I personally proceeded with, is to invest your money and transfer your money into bitcoin every day. Once in bitcoin I would generally wait 2 weeks to transfer that bitcoin into my personal ledger wallet. So, for a $10,010 investment, I would pull out my daily payouts for approximately 90 days until I have made back my initial investment. Proceeding this way, I made back my initial investment in exactly 91 days.
FOUR: The second way is to invest your money and for 60 days reinvest your gains. After 60 days, start taking daily payouts until you’ve recouped your initial investment. This generally takes an additional 60 days. You can search on Youtube for the bitconnect 60/60 rule and find the video. I have no experience with this personally, and I do not like it as much, because it gives 60 days in which you would lost everything if this platform shuts down.
FOUR: After approximately 90 days you should have recouped your initial investment. Now Bitconnect gives daily payouts of FREE money... I don’t know about you, but I’ve never in my entire life received free money. At this point, you will have daily payouts until the platform either dies or it comes to light that the platform is everything it promises to be. This is the best feeling I have ever had in my entire life. Below step five provides my future plans for this platform and how I plan on handling it.
FIVE: Now that the platform has generated my initial investment, I now make about 1% a day. I am going to live out the 120 days and reinvest ALL of the money it generates from now until I get my capital back.
So I originally invested $10,240.00. I now have made 10,240.00 back in 91 days. At 120 days I can potentially reinvest about $14,000. Now I’m set for another 4 months of daily payouts averaging $140.00 a day of FREE money!
Once I am making $140.00 a day I will continue my procedure of transferring into bitcoin daily, but now the first time I hit $1,000.00 I will first transfer that to my bitcoin wallet, and the second time I hit $1000.00 I will reinvest into Bitconnect. I will continue this process for as long as it lasts.
I will continue to think of this platform as if it would crash tomorrow. First, I made back my initial investment, then I will allow it to make me free money until it ends. I will reinvest 1/2 back in and I will take out 1/2 until the platform either dies out or becomes a legitimate investment platform.
I hope this helps anyone thinking of investing. My affiliate link is below. If you are already planning on investing and this article helped you then I would really appreciate it if you used my link, but please do not feel obligated.