In simplest terms, Bitconnect.co accepts Bitcoin from registered users, converts it to Bitconnect tokens, and then allows you to lend the tokens to its trading bot that earns you about 1% per day return.
We recently discovered the actual bot, and have attached a picture here:
OK, that's actually a picture of the computer from the movie War Games, known as the WOPR.
From the Bitconnect site:
"You can invest BitConnect coin in Bitconnect lending platform exclusively from the BitConnect Dashboard. This investment option involves profiting from Bitconnect trading bot and volatility software." Where you will earn up to 40% per month.
Now imagine you wrote software that earned you a minimum of 1% per day, with any investment, not just cryptocurrency. If you started with $10,000, after 2 years you would have $14 million dollars:
Using the same calculator, here:
https://financialmentor.com/calculator/compound-interest-calculator
If you start again with $10,000, and added $100/month, and used the 40% monthly Bitconnect stated rate of return with interest compounded daily, after 3 years you would have $16 BILLION!
So, why would you accept any investment from anyone? Your bot and a small investment of $10,000 is all you need to become a billionaire in less than 3 years.
