I do have some money invested there. I watched many videos on it and saw a lot of fud around it. I looked at the market compared to the amount they pay out and it is pretty conservative compared to the raise in the Blockchain movement as a whole. The bitconnect coin BCC was $240 when I started my account last month around the 12th of November now it is up to $400 and the $100 worth of bitcoin I traded for BCC would be worth more now than what they payed out to me. So as far as them paying out it can and does. I have a friend of mine and we decided to play with our video game and start building it up. He also wanted to cover one other cost so he put in more than me the cool thing is the way they pay out for helping others. So my $110 I started out with is up to $370 I looked at Dr Roy Murphy and his videos on the Blockchain that is used on the BCC token. You can also stake the tokens like steem powered up so you earn more tokens it is a split proof of work and proof of stake coin that will transition to proof of stake after the mining distribution is complete. I am comfortable with the way it is set up. It has some of the flashy stuff that goes with a bunch of people making money. There bccPay card is part of the link network of atm’s and is in the sign up phase. With that card you can transfer the SMT from the lending wallet to the BCC wallet and get fiat at your local atm. I did also play on some other platform and lost so I felt what a scam feels like from what I have seen over the past month I feel good enough about it that I am setting my mom up with an account and going to help her build some up.
The other thing I have learned a lot from the bitconnect site I dipped my toe in trading on the market and it was ok it all felt so different at first but now it is fun to go check it out and watch the little moneys go I am reinventing at $10 so it keeps growing in how much it pays out per day. I did some mining and with the same dollar spent on a video card as put on a loan at bitconnect the bitconnect wins only time will tell.
My goal is to have it sit around 5k on loan that will give me enough to play. The compound interest builds up. So I am going to take it out and buy more steem and power that up. Here is my link it you are interested in trying it out. You can start an account for free and just check it out. https://bitconnect.co/?ref=allowistic
Have fun
thank you so much for more detailed information, this is excatly what i wanted to hear from peopel that have actually invested ! I have a lot of controversy about this online, and then maybe it could be a ponzi, but they it wouldnt last this long either? so there is a lot of debates and two sides i believe!
Glad I could give you some clarity I will let you know how it goes. Right now I have $380 on loan and get about $100 a month return. The price of the coin vs bitcoin is interesting to watch the price of the coin is up compared to the dollar but it is less satoshi So most people looking at it and saying they can't keep it going do not realize how they are able to pay out less and less over time and it is more fiat so I think it is an interesting thing to play with. I am also going to start Staking the coin like powering up steem and that will give me extra BCC tokens so I am going to split the returns 50/50 reinvest vs staking the coin. They are also working on adding more coins to the ability to use.