There is no denying that there are many people that make money on cryptocurrency. On the other hand, there are many people that have left reviews on google, and YouTube who got scammed. This site investingbitconnect.com is obviously devoted to the bitconnect coin, so it should become apparent that I have full confidence in bitconnect cryptocurrency.
Why Bitconnect
Bitconnect cryptocurrency launched a little over a year ago, yet even with it being a new cryptocurrency at least compared to Bitcoin, Litecoin, and other main cryptocurrencies I think it will be a good investment long term. There are no guarantees with any cryptocurrency investment, and I would lead to skepticism if any cryptocurrency offers a guarantee of return on investment. What makes Bitconnect unique is that it is tied to the performance of the Bitcoin, and since Bitcoin is the number one cryptocurrency in the world according to the amount of market capitalization Bitcoin has when compared to other cryptocurrencies (coinmarketcap.com). Bitconnect is #18 cryptocurrency for market capitalization according to coinmarketcap.com as of the writiing of this post.
There are many ways to make a profit with Bitconnect but the way most people make a profit is by lending bitconnect. In order to lend bitconnect, a bitconnect member has to first buy bitcoin from a cryptocurrency exchange, like coinbase.com, then deposit there bitcoin into a bitcoin wallet on bitconnect. From there a bitconnect member must exchange bitcoin for bitconnect cryptocurrency, then from bitconnect a person can lend, and make close to 1% a day in daily compounded interest. So as you can infer bitconnect depends on the success of bitcoin, so if bitcoin fails so will bitconnect. I don't know about you but bitcoin and bitconnect being linked gives me a feeling of security, because at this point I think that most people who know anything about bitcoin, could not even conceive of the possibility of the bitcoin failing because it's so large and widespread.
Bitconnect Lending
In my opinion, bitconnect is the best bitcoin alternative, because of how they're linked. In terms of cryptocurrency value the bitcoin (BTC) is worth over $7000 USD for one bitcoin, whereas the bitconnect (BCC) is worth close to $300 USD for one bitconnect coin. In terms of profitability I would reason with you that there is no better cryptocurrency investment than lending bitconnect coin. Where else can you get close to 1% daily (and sometimes more) compounded interest on an investment? While it may be possible, and there are many crytocurrency claims to fortune online I would urge you to do some research to at least determine the likelihood of it being a scam. Bitconnect isn't very transparent on there trading bot algorithm that is used to lend bitconnect coin(s), but as with any business who would be willing to give away there trade secret.
As for profitability, there are many testimonials and reviews on YouTube, so you can see how many bitconnect members are making some good profits. As for myself, I am new to bitconnect and have only being lending bitconnect coin for a week, and there was one day that the interest gained from lending was 0.00%, and there has been a day that it's been 1.54%, so if someone says that you are guaranteed to get "x" amount of interest daily from lending cryptocurrency I would urge you not to lend on that cryptocurrency platform because it is likely a scam. In the world of cryptocurrency trading bots there are no guarantees, but I can tell you that you will be hard pressed to find a cryptocurrency trading bot that outperforms the bitconnect trading bot.
Centralized versus Decentralized Lending
Bitconnect cryptocurrency is decentralized just as all cryptocurrencies are, on the other hand, banks are centralized where the bank is the middle man/woman. When you want to lend your money to the bank you have many options you can invest in a Certificate of Deposit, or any other financial investment product the bank offers, yet you get a small return, and most Certificate of Deposits are just 1% APY. So how much do you think the bank makes off of your $1,000 USD that you put into a Certificate of Deposit? Truth is we don't know how much but I think we can be sure it is alot more than the measly 1% APY the banks have to dish out for using your money. All of the big banks use trading bots to ensure the highest return on investment, and essentially by using bitconnect lending we are making ourselves the bank yet we don't even need to borrow to earn alot with bitconnect. http://fairreporters.net/economy/financial-trading-robots-the-future-is-here/
How much profitability is there with bitconnect lending?
This question is huge in implication, afterall, who really can accurately know what cryptocurrencies will succeed, and for that matter, how long bitconnect will last. It is my opinion that bitconnect lending will be around for as long as bitcoin is leading the way, and in the future I predict that cyptocurrency will replace all paper money and coins ever minted. The old currency will be a secondary form of payment and for collectors/investors of the old currency. I also think that the old currency will not be accepted very many places (as it is now), and I think that cryptocurrency will be the future of money.
As for how profitable bitconnect lending is well there is a way to find out by downloading a bitconnect lending calculator for free (https://bitconnectmoney.com/bi...). You simply have to enter your initial investment amount ($100 USD+), and your estimated average daily interest from lending towards the top of the spreadsheet, and it will tell you how much your investment will be worth over the course of two years (730 days). Now the amount of your return, and how profitable you are will depend on if you reinvest or take money out of the account when you can (your lending amount is locked much like the funds of a Certificate of deposit are for the term of the loan), and if you get referral bonuses for referring others to bitconnect then you can earn even more through referral payouts.
Conclusion
There are no guarantees with crytocurrency, and anyone who gives you a guaranteed return on investment is a liar because such thing does not exist. As you can see from using the bitconnect lending calculator (link above) you can make good profit lending bitconnect cryptocurrency. Could this be a good long term sustainable income for you? Certainly it could be but only time will tell if bitconnect lasts forever or if it ultimately falls to other cryptocurrencies. I think bitconnect cryptocurrency is second to bitcoin, and will only get bigger with all of the advantages it offers. I would even go so far to argue that there is no better investment than bitconnect lending. So jump on board, click the banner, and sign up to take advantage of what I think will be the greatest investment opportunity of your lifetime.
Best Regards,
Derek Crans
investingbitconnect.com
Bitconnect Lending Investor
