LMAO this board is actually cracking me up with how ignorant everyone is with their comments. I would say 80% of you guys mentioned ponzi in your first sentence. Almost like you guys are brainwashed at believing the first thing you see. You guys and your money may understand things well in the traditional financial world, but Cyrptocurrency is backed by technology that frankly no one really understands. Lots of mysteries behind Bitconnect, but there is ways they can survive. If you've done better research you'd realize that they a user base that have about 7.3 Million coins locked in lending which comes out to about $1.93 Billion in BCC/USD value. They currently have about 2.1 Million coins in coin circulation for about $554 Million in BCC/USD value. Then there is still 18.6 Million coins yet to be mined or brought into circulation which comes to about $4.9 Billion in BCC/USD value. If BCC doubles in price again while following Bitcoin, how does Bitconnect not look sustainable w/ this amount of money in Cryptocurrency growing everyday as the demand rises?
You guys call yourself a Bitcoin community, but your so quick to form an opinion on something you haven't tried. I bet none of you have even test drived the platform on Bitconnect. I've not seen one review, video, post or message from a person who's tried Bitconnect and then said that its a fraud. Everyone who deems it a fraud has never tried the platform out. Im an IT tech and if there is one thing i know, you can't judge anything in the technology space without trying it yourself. With you all crying ponzi in your first sentence, you completely reveal yourself to be someone that has never used the Bitconnect platform. Thats saying a piece of steak is nasty tasting without trying the steak. Get your hands dirty and check it out. or don't, but don't expect me to think your opinion has any credibility if you know nothing about how it works.
Disclaimer: I've made about a 90% return on my initial investment on the BCC platform in 8.5 weeks. Soon I'll be on house money. The Bitcoin I've paid myself in is real enough. Thats something I'm sure we can agree on. Peace.
I agree with you honestly. The only reason they are not top 10 coin is because most of it is held up in the lending platform. Every single review I have read from someone who actually used it got the 1% daily return. I read one honest review on Steemit where the user got 5X his initial investment in a short amount of time by reinvesting constantly for a daily compounded interest. He took his money out and stated he wouldn't use them again because it made him uncomfortable. He still walked about with a lot more money than he started with.
Another thing I noticed is that on their exchange where the majority of BCC is bought they have higher prices..... My guess is they use their bots to work their own exchange as well and gain 1% there. All that being said buying BTC would have given 3% daily return if you bought in Jan of this year.
I have started my own little experiment with BCC for about 5 days now and so far the returns are as expected.
Thank, finally someone thats actually checking it out. I commend the gentlemen who still felt uncomfortable afterwards. I do understand that you feel like your hands are tied because you can't access the funds you reinvested for a certain amount of days, but the main thing is that the gentlemen got his money back and came out of it with more then he invested which is the goal for any trade. I've started reinvesting half of my interest payouts, and the other half I'm reinvesting into Bitconnect coins since there is opportunity to make money from the coins value rising. Thanks for providing more then a few sentences of context. No one seems to be able to form more then one sentence thats relevant about BCC. Cheers and good luck.