Bitconnect is certainly the most contested way to invest Bitcoins
This is a fact, but why most of people are so unwilling of Bitconnect ?
1. Suspecting a Ponzi scheme
Bitconnect does not give much information about how it works. People need to learn for themselves if they want to understand how it works. In reality, the power of Bitconnect is in this sort of "shield", let me explain:
- You buy bitcoins or you already have them.
- You go to the Bitconnect trading page https://bitconnect.co/user/trade?Market=BCC
- You purchase BitConnect Coin from BCC Exchange
- Lend or Invest BitConnect Coin (BCC) from BitConnect wallet
At this stage, you no longer make investments in Bitcoins or BitConnect Coin but you make money in USD. So no matter the fluctuation of the currency, you will receive USD. To withdraw them, you will have to exchange them for BCCs at the current court of the deposit then, if you wish, exchange them in Bitcoins.
I do not know and nobody knows, if Bitconnect is a pyramid system but everyone I know was able to withdraw their gains . Virtual currencies are volatile in essence. As they always say in the middle: ALL investments are risky and never commit money that you can not afford to lose!
The BitConnect ambition is to make a closed community in its own right, so its goal is to keep the people who invest as long as possible in this community and for that it has set up a few locks:
- Investments can only be made on their website.
- The best way to earn money is to always reinvest the money earned on a daily basis. The money invested is "blocked" for 120 days minimum.
This allows the entire Bitconnect community not to flee if a small fear reaches the network (server down, etc ...) and thus avoids any speculation.
Bitconnect's ambition does not stop there and a roadmap has been published of what it has planned for the future of the community:
Note the desire for Bitconnect to launch in September their Smart Card which is a credit card, which would allow everyone to pay for your shopping in BitConnect Coin without making a single conversion: Bitconnect becomes a bank and encourages to stay in the community Bitconnect!
2. Volatility software don't exist
For several decades, traders are no longer people who raise their hands in a crowded place to place a stock exchange order. Modern traders use algorithms to make better use of the money they have invested. Moreover, the biggest profits are realized thanks to computer traders and high frequency trading, I invite you to inquire if you do not know.
The benefits of an algorithm that works well has, a secret name, a secret location and secret owners, so it's quite normal not to find information if you try to type Volatility software on Google!
3. Too good to be true
The winnings that Bitconnect promises are crazy! This is thanks to this exponential way of investing: "Compound interest". I make your predictions: http://compoundaily.com.
If you have any doubts about the functioning of Bitconnect, I let you watch the video that explains what the title of this post is talking about:
Conclusion
I share my research on Bitconnect here, if you have any additional information, I will be happy to receive them.
I hope this post will be useful to you, I will make another one later on this subject.
Thanks for reading me.
If I made you discover Bitconnect, you can use my referral code: https://bitconnect.co/?ref=neokiller113
I will give you 100% of the gains I make through your first lending. Enter your Bitconnect nickname in response
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