Alright, so I really want to see if this BitConnect site does what it says it will do.
Last month I started out with a minimal investment of $110.
By the end of the month, I had indeed earned about $30 something dollars with my initial investment.
That's pretty good, but I haven't actually cashed it out yet so I'm still skeptical as to whether this will really convert to Bitcoin that I will be able to receive in my private BTC wallet.
According to the volatility software, if one were to put in about $10.000, I should be able to make a little over $4000 a month, which is a pretty decent income if you ask me.
The issue here is, I don't have that capital to invest right away, and in all honesty, I'm not exactly too keen on taking that big a risk. So I've decided to invest an extra $320 and see if I can build it up to become $10k by the end of next year.
My total investment now is $430
So if I add on to my investment with the earnings of each month, it should take me exactly a year (using the BitConnect Volatility calculator every 30 days).
Dec: Lending: $430 --> Earnings: $125.13
Jan: Lending: $525.13 --> Earnings: $152.81
Feb: Lending: $677.94 --> Earnings: $197.28
Mar: Lending: $875.22 --> Earnings: $254.69
Apr: Lending: $1,129.91 --> Earnings: $362.70
May: Lending: $1,492.61 --> Earnings: $479.13
Jun: Lending: $1,971.74 --> Earnings: $632.93
Jul: Lending: $2,604.67 --> Earnings: $836.10
Aug: Lending: $3,440.77 --> Earnings: $1104.49
Sep: Lending: $4,545.26 --> Earnings: $1459.03
Okt: Lending: $6,004.29 --> Earnings: $2107.51
Nov: Lending: $8,111.80 --> Earnings: $2847.24
Dec: Lending: $10,959.04 --> Earnings: $4011.01
I haven't really seen how well the whole affiliate thing works, and how profitable it can be. And since I'm not a big YouTube star or anything of the sort, I'm guessing I won't be having great results with that strategy. So I'll simply be taking the regular route and practice my best patience.
If everything goes completely sideways, I'll have lost $430, which is something I can live with.
Never invest money you're not prepared to lose, especially with something so controversial like BitConnect.
I know there's a lot of people screaming SCAM from the top of their lungs, and I'll be honest, I'm just as skeptical as anyone. However, if this really is somehow legit, or a ponzi scheme that will run for at least another 2 years, I will be able to make a decent profit. Last thing I want to do is hit myself in the head if it turns out to have been a good investment after all.
I'm basically investing in this and I'll be updating regularly to keep you informed on how things are going.
I will also every once in a while be cashing out the profits to my bitcoin wallet, just to see if everything works the way it should and also to buy back into a new investment, since Bitconnect gives added precentage to bigger amounts of investments. If I just keep reinvesting the smaller amounts, I will miss out on their added interest bonuses.
So, follow me and let me know what you think!
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