Simply by keeping your BCC coins in your wallet. Staking BCC allows you to take advantage of the soaring coin price while earning interest.
If this post caught your attention then you are probably already invested with Bitconnect. You may have even downloaded a spreadsheet to help you calculate your life-changing compounding interest.
Before you get too excited. Stop, think and take action.
Bitconnect makes you buy their coins using Bitcoin (BTC) but to the value of $100 or $1010. Now that they have your valuable Bitcoin, they then give daily interest in dollars based on the rate when you initially invested. Bitconnect’s price is closely linked to the Bitcoin price which has an average growth of 0.75% per day and every time a new patron lends to Bitconnect their coin price increases. Are you really making as much as you think you are?
This is where it becomes interesting because at this point of the contract you own neither Bitcoin BTC or Bitconnect BCC.
When investing or reinvest you are forced to convert your Bitcoin BTC to Bitconnect BCC so it can be lent in dollars or you have to sell your BCC for BTC in order to withdraw your profits, not to mention the BTC 0.005 ($30) transaction fee. All the while, each transaction pushes the BCC price higher and dilutes your returns.
Don’t believe me? Go check how many BCC coins you bought when you joined, then get the latest BCC price and do the maths.
My initial $150 investment on 27 June 2017 bought me 3 BCC at $47.12
Today 16 October 2017 BCC are selling for $194 each. That’s a 410% return in 3 months and this excludes the 8% every 15 days that is paid out in BCC not doll hairs.
So how can you benefit from this knowledge? Stake your Bitconnect BCC coins!
By holding onto your BCC coins you become a stakeholder in Bitconnect and not just a patron. Download the Bitconnect desktop wallet, send your coins to the wallet and leave it to mature for 15 days. You now own a stake in Bitconnect and after 15 days you will start to see dividends. (8% until the end of 2017, 7% first half of 2018)
