Finally we are in year 2018 and FUD is over, cryptocurrencies are continuing to boom higher and year 2018 is going to dominate 2017 in cryptofield.
Since crypto is still new and lots of new people are joining us it's really easy to make profits. Greed will thrive this craziness even further and this is the key word what brings me to the topic of BitConnect, known as biggest ponzi scheme of the century.
And greed is the reason why I think smart people can make this work for them.
Knowing about the BitConnect since spring of 2017 I discarded it as viable option from the beginning. All the insane daily interest rates, option to reinvest and even more lucrative referral program. For addition all reputav community member calling it out. For all those reason I never looked in depth and was waiting it to collapse and fail. For my surprise at the time it's almost year 2018 and BitConnect is still going strong. So it got me thinking why is this so and is there any value for me.
So that was the reason why I took dive in to BitConnect and started researching how to use this to my advantage and find ways to extract some value from it.
I understood quickly it takes only about 100 days to get my money back and after that it is risk free passive income. For addison I even didn't needed to wait whole 100 days because it was possible to withdraw each days interest day after day. After realising it I started thinking will BitConnect stay for 100 days and for my conclusion I think it is here to stay at least for a year. I will bring out some key reason that crossed my mind when thinking about it.
First of all BitConnect accepts bitcoins as a invest and majority people who joined the platform did it when Bitcoin was valued for 1000-3000 USD. That mean they have initial investors bitcoins and the value is now 15 000 USD(and going up). Meaning they have loads of money to pay if people start taking out money instead of reinvesting.
Secondly I tracked coinmarcetcap and saw that really small quantities of BCC are sold on other exchanges. This means most money stays with BitConnect and few withdraw it and sell it.
Thirdly adding some assurance they announced new ICO what means things are going good for them.For the major things there are lots sign that they keep going for some time.
All this leaded me to invest myself and I think it actually not that risky at all when you don’t get greedy.
But still guys, keep in mind this is still a ponzi scheme in my mind and risk only the money u can afford to lose. Here is how I do it:
In my case I invested 5030 USD. This mean I will get about 50 USD daily + 0.2% of 5030 USD guaranteed(Bonus if invest 5010 USD or more). Each day I buy BCC with my 50 USD and send it to Livecoin or HITbtc where I sell them, after that u have your money and don't need to be afraid to lose it. Then you can buy bitcoins or other coins and to enjoy.
The key in this is not to reinvest before you have withdrawal your initial investment, after that you can do whatever you want with no risk.
This was really brief summary of my experience and if u have questions let me know down below.
And keep in mind don't be greedy! My referral link https://bitconnect.co/?ref=tamme321 (When you register throw my link you will directly support me)
BTC 1ASFAYzjvAoaMZiFxqnGfTwPDieD7CBuKu
ETH 0x761f3dfda8525826a8cb0008a97172648140821b
LTC LZjzrKStipxgXZmQr6nEPTmEiH4zpw5cVQ
BCC 8HaPRggQsXNVUFdKy8VTUErQGRLHWmP6fH