They say that you will get 30% Roi per month for lending bitconnect.
https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software
https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software
how is that possible? that is quite ridiculous and borderline ponzi scheme then. When someone promises outrageous returns then it's usually fake.
appreciate you bringing different projects.
I'm looking at DCORP and Onplace
I've stumbled upon bitconnect and it is working quite well for me. It is not a ponzi scheme. Bitconnect has done very well for themselves. Their tokens have gone from .10 to $60 and now back to $50 or so. When you lend you get paid back in USD but you make the loan initially by converting BTC to BCC. Just from that alone they have acquired so much equity. When BCC was trading for say $1 and you were making a loan for $100; you needed to convert $100 worth of BTC for $100 of BCC which would be 100 BCC. You make your loan. The agreement is that you will receive your principal of $100 USD back after 299 days and receive daily interest payments. So you are receiving $1 a day on average, give or take, as agreed. The BCC token has gone up to $50. You converted 100 BCC but agreed to be paid back $100 USD. So your principal payment back to you only costs them 2 BCC. It's genius actually. I can totally understand why people jump to the conclusion of it must be a ponzi. I actually hold a CFE license and when i see referral pyramids its the first thing i think as well.
Additionally there are other ways one can invest. 1. Mining. There are almost 7 million BCCs atm with a cap of 28M. 2. Staking - if you hold the coins you will earn additional coins - adds stability to their structure, currently 8% per month from now to end of year. The % drops every 6 months until 1.4% in the distant future. And lastly, 3. Referrals. This is where everyone immediately screams ponzi. You receive 7% on direct referral's loan amount. For example, if I refer you and you make a $10K loan, I will earn $700. The indirect referrals payout as well at smaller %'s. Your 10K principal will be returned after 120 days but you will receive .25% guaranteed daily payout plus the trading bot's interest earned usually 1%. I have made close to $15k in loans and I am earning about $150 a day. I don't have any referrals but if i could acquire them that that would be awesome. I think it is critical to re-look into it. I have made videos on youtube showing my loans and showing that i have no referrals but like i said, i would love referrals and if someone happened to take another look at it and decided to invest because of my post then i think that's a win-win.
https://www.youtube.com/watch?v=WS5AXk-cpKU
Bitconnect raised 300 times in half year. 150% Roi per month when you lend 10k$?
Worst case like 100% but more like 150% ROI in 4 months. On a 10k loan you'll make $125 per day on average and with plenty of potential to be upwards of $1500-$2000 with BTC price volatility especially when BTC is rising. You'll receive your principal back in 120 days.
