I just hope Bitconnect stays afloat, it seems to be very popular and not a scam, like EthConnect that took my 200$ in ETH and hawent replied to my emails about not receiving it in my wallet :x .
I invested 1130$ in bitconnect and receive about 10$ +/- a day to reinvest everyday, i think a good strategy for it is to reinvest for 30 days and collect interest for 30 days and invest in other programs...
BitConnect
Btc is a bubble that biz loves, but don't you dare run a successful Ponzi scheme!
Ha.
Good luck with that, OP.
bubble or not, people are making a lot of money, crypto is here to stay
You realise that the only reason that bitconnect works is becose btc is a buble right?
>inb4 volatility market
bitconnect is propped up by BTC parabolic rise. BTC crash means Bitconnect exit scam, trust me
hope it wont jew out and run with users money when first signs of btc price drop, i'll be happy if it stays afloat for another 300 days to get my investment back
btw for those interested i made a simple re-investment calculator:
neuthral(dot)github(dot)io/BitconnectCalc/
is bitconnect too good to be true?
Time for class
Bitconnect is a HYIP. A High Yield Investment Program.
basically it promises high returns in the short term. Basically how it works is:
>You invest $100
>Your investment pays the previous investors
>Pajeeta invests £110
>Pajeeta's investment pays the other investors' interest, including you.
>Rajesh invests £50
>Rajesh's investment pays the other investors interest including Pajeeta and you.
Eventually though, new investors will dry up, this is why the big conference's exist, it's to keep people investing, every time you 'compound' your interest you are keeping money within the scheme. Hopefully you get your principal back, assuming that it's still going strong you will. But I would be careful mate, BC won't be telling you when things go start going south.