The Coinmarketcap observer may have noticed a new currency in the Top 20 for less than two months: BitConnect has been stable in this league since mid-June.
Since the end of January, the price has risen from 16 cents to up to 68 euros - BitConnect thus showed growth of more than 40,000%.
What is the currency that has shown such high growth within half a year? In any case, this is not Bitcoin Cash, although the currency is the same!
BitConnect - pump and hodl for profit?
Some characteristics of BitConnect Coin sound known: open source, peer-to-peer, decentralized crypto. BitConnect is neither different from Bitcoin nor from other cryptic approaches that are focussed on the currency aspect. Yes, it should also allow fairly fast transactions, which is worth mentioning in comparison to Bitcoin, but other cryptic approaches are also required.
What attracts many investors is the promise of a return of astronomical 120% per year. This is realized by setting the consensus not only on proof-of-work, but also on proof-of-stake. A minimum of US $ 100 is required. In the case of a small investment of 100 to 1,000 US dollars, this money will be blocked for almost a year.
This is NOT a financial advice, you should always make your own investing decisions, I am simply sharing my ideas.
