Quote from: wafdawg on June 15, 2017, 08:36:00 PM

Bitconnect has been outperforming and is currently in the top 20 on coinmarketcap.com.

I've stumbled upon bitconnect, did my research, and it is working quite well for me. It is not a ponzi scheme as many claim.

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 $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. These conversions occur on their website where they operate their own exchange. Trading volume is over $3M a day.

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 based on the trading bot's ability to make profits trading the volatility of BTC, which we know is quite volatile, give or take, as agreed. You can then reinvest your daily interest payment into another loan (min $10), buy BCC with it, or convert it to BCC and then BTC.

Fast forward to today and 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. There is so much equity in the platform.

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, and maintains demand for the coin, currently pays 8% per month from now to end of year. The % drops every 6 months until 1.4% in the distant future. BCC is valuable and in demand. Holding the coin is profitable in of itself. 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%. And again, the $10K loan would work just as the example above. One would need to convert BTC to BCC and then agree to be paid back in fiat terms, not the amount of BCC they used to make the loan. This is the key takeaway. Think of the many people who are happy to lock in a fiat per month payment. A $10K loan earns someone $3-$4K a month on interest. That's nothing to dismiss so quickly.

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 great. 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
https://bitconnect.co/?ref=wafdawg

Ref links aren't allowed as far as I know.

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