At first the videos everywhere about BitConnect were annoying me as I thought it was a scam.... Recently I gave in to the torrent of people showing their BitConnect earnings still being received and I started wondered if I was missing the boat again. For over a week I was torn between the Pro-BitConnect and the ItsAScam-BitConnect articles and videos everywhere. One minute I thought it was the best idea ever (apart from Steemit of course!) and the next I thought I'm a fool thinking this is real. Apparently we're lending money to a trading Bot who is way beyond and by far more intelligent than any of us mere human traders as we have emotions which get in the way of it all (specially during full moon) and the Bot does not have emotions but only performs mathematical calculations (I should hire him to deal with my relationships lol).
So this started to make sense to me at last thanks to 
I did some more research and realised that there are many promising things coming up as BitConnect have just opened an office in Jakarta and are now commencing a roadshow. I asked myself "Would they be doing all this if they were planning to run off with the money and what's the point when they could make much more keeping it going, not to mention the possible lynching and jailing of them if they did"?
But what are the different methods for investing in BitConnect?
Firstly you will get all your investment back within a certain number of days according to how much you invest. The longest is 299 days, but in the meantime you are paid around 0.8 interest daily on average. With the interest paid you can either:
- Withdraw it daily (Take My Money & Run Method)
- Reinvest it (Safer Compounding Method)
- Use it to buy BitConnect Coins (Risky Investing Method)
I will be using the Compounding Method as re-loaning the interest earned daily can grow the initial investment very quickly, increasing the amount of daily interest earned in the long run. To put it simply, if you started with $100 (the lowest initial investment) and re-loaned the daily interest, by around day 92 you would have $200 invested. Then its up to you if you want to start cashing out your daily interest or if you want to continue lending. If this company continues as it is then by day 299 (which is when you get all your initial investment back if you started with $100) your investment will be worth around $1,020, paying you around $8 daily interest (over $50 per week).
Do you want to go further? Well if you continued re-lending for 2 years from the day you started (730 days) then your account would be worth around $32,000 and your would be paid $250 interest daily. All for starting off with $100 risk? I'm in!
So I took the plunge and started my account after much haggling from potential Sponsors in Telegram Groups (always sign up under a Sponsor of your choice, someone like me ;) as otherwise the downline percentage they get will just go to BitConnect and a Sponsor will try to help you if you want to build a downline - not everyone does or needs to) and will usually talk to you directly if you need help.
So far I'm on day 3 and its going well. The payouts have been:
Day 1 - 0.86%
Day 2 - 0.77%
Day 3 - 1.77% :)
There are going to be days when its 0% but I guess that's to be expected as it all averages out over the month. Seems like the bot does well when the market is going either way! Its been nice to look at when everything else in the Crypto World is going down.
Hoping to keep you updated on how its going. If anyone has questions please ask!