My Experience in Bitconnect with $100
Right from the day, I got into cryptocurrency, I have seen so many new platforms coming up every other day which says "U CAN MAKE BIG GAINS!" Again, the very next minute I find many links which takes me to the one which says "THIS IS A SCAM"
Bitconnect is one such platform that I came across and started to do a little research on it. It is a lending platform where you buy Bitconnect tokens using Bitcoins and lend them to a trading bot and earn interest on them. Bitconnect is like a Casino, where you go and buy their chips (Bitconnect tokens) and gamble(lend it to a trading bot) and again use the same chips to cash out (Bitcoin).
After watching a lot of YouTubers who claims it to be a scam and a whole lot others who said they made big gains with it, I thought of giving it a shot and invest $100 in it.
On November 27, I invested $100, that is 0.0103 bitcoin @ $9681 per bitcoin into the Bitconnect platform and bought some bitconnect tokens and lent them to the trading bot. Bitconnect promises to pay up to 1% everyday interest for 299 days in US dollar amount into your wallet, using which you again buy bitconnect tokens and then cash it out to bitcoins. I was actually getting paid close to 1% every day. Sometimes less too!!
After 45 days, I decided to cash out to bitcoins for the first time. However, I was buying Bitconnect tokens using the amount(in USD) in money lending wallet now and then. As my first payout, I got 0.0024 bitcoins which were worth about $37 @ $15162/BTC.
So to summarize, if you calculate the interest value in USD, I lent them $100 and after 45 days $37 was paid in interest. That is 0.8% interest per day and 37% per month! Now if you calculate the interest value in Bitcoins, I lent them 0.0103 bitcoins and after 45 days 0.0024 bitcoins in interest. That is only 0.5% per day and 23% per month.
Now, If the price of a bitcoin was $18000 during payout, I would have got only 0.0020 bitcoins, which would still worth $37. But this time it is only 0.4% per day and only 19% per month in interest. So, as the value of a bitcoin goes up, the interest paid in bitcoin will go down. But again, the interest rate in USD value remains the same i.e 37%.
To conclude, if you want returns in USD and not worried about bitcoin value and if you can gather some courage to trust this website that it never goes down, you can go ahead and try this platform as interest paid to you in USD value is up to 1% and does not fluctuate too much even if the value of a bitcoin and bitconnect goes up or down. Again, do your own research before investing and invest only what you can afford to lose.
Well, if you do decide to trust and invest in this platform, please use my referral link
https://bitconnect.co/?ref=meetkarthiksv
You got the math bud, most people don't get it. Congrats. I would like add another thing to your post, principal is not safe. All HYIPs fail because they are ponzi schemes. For you to get your 100$ back, somebody else has to join after you and invest.
It seem that there are no new investors, that's why .
I was also skeptical and not willing to take the gamble. So thanks for the review I might actually consider giving it a try.
You're welcome! It never hurts to learn new things. Start with small amount which you can afford to lose and see how it goes!