Good Day Steemians!
Here are my results for the $100 loan on BitConnect. It has now been 38 days and the results are panning out to be pretty damn good. I'm sure it has to do a lot with the price of Bitcoin shooting up! :)
*If this is your first time reading one of my BitConnect posts please continue reading the entire post... if not, proceed to the results and illustrations"
On April 17, 2017 I decided to take the risk in making a $100 loan on BitConnect in order to find out if in fact it was a Scam/Ponze Scheme. I started sharing my results here on steemit along with referral links and to my surprise my posts were being Flagged because of the referral links. Since then, I no longer share referral links on all my BitConnect posts so, NO REFERRAL LINKS!!! But, you'll soon see that referrals aren't needed in order to make money here.
It has now been 38 days since I started the $100 loan and so far I have made $30.68. How 'bout that??? Cool thing about it all is that profits are paid out daily in USD and you can withdraw immediately in BitConnect Coin or Bitcoin. You have to transfer your USD balance to BCC and then sell BCC in the built in exchange to get BTC (I recommend withdrawing in Bitcoin...price is skyrocketing).
How does it work and who are you lending out to?
I'll make it very simple....you are lending out to a software which is designed to buy Bitcoin when the price is low and sell Bitcoin when the price is high. Profits are then split between you and the "Bot". That's it!!!...This software is known as Volatility Software, "The Bot", and your daily interest percentage totally depends on the daily Bitcoin price change. But, the fun does not end there...you can make an extra guaranteed percentage on top of the Daily Interest Percentage when you make a loan of $1,010 and over.
So far, I am pretty Happy with my results and 100% of the money I've made thus far has been on my own with no referrals. Referrals are just a bonus but not needed. In fact, I will probably make another loan somewhere between $1,000 to $5,000 and share those results with you as well. I have been making some nice profits with Altcoins and I want to keep the flow going! :)
According to the projected earnings calculator, If I would of loaned out $1,050 my profits would of been $321.30 for the past month. What??!!! Hmmm....compare that to Bitcoin genesis mining contract!
https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software/
So, is it a Scam?
I personally don't see any signs of it especially after reading the open source code but, I'll keep posting my results here on steemit and I'll be making my first video soon to share everything with you all.
For those calling it a scam...here's the open source code on github. READ IT!
https://github.com/bitconnectcoin/bitconnectcoin
