I recently noticed this rather popular website called "BitConnect."
https://bitconnect.co/bitcoin-information/19/investing-in-bitconnect-lending
Do not invest here. It is a scam.
BitConnect has 3 packages, which promise the following returns.
.1% Daily
.2% Daily
.25% Daily
(all returns claim to be additionally supplemented by "Volatility Software Interest.")
Of course, they offer you the higher return package if you give them more money.
The problem with BitConnect is that their "guaranteed returns" are too high.
.1% Daily is 1.001^365 -1=1.44-1=44% per year.
.25% Daily is 148% per year.
The scammers are trying to hide the unreasonable return by putting the return rates in lower denominations of time!
Do not be fooled. They will eventually stop paying and run off with the money just like "bitcoin doublers" and other crazy "guaranteed" bitcoin investments.
