Wednesday, August 16, 2017

My experience with Bitconnect




What is Bitconnect ? 

'Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.'

Recently I have been looking into Bitcoin and what it's all about. I used to mine it years ago but it just wasn't profitable for me at the time. In hindsight I wish I would have kept at it and held on to those bitcoins since the price is over $4300 now!!! Anyway recently I ran across another bitcoin related site called Bitconnect. There are a few ways to invest on Bitconnect but I went with Bitconnect lending. 



With Bitconnect lending you will receive daily profit based on your investment option. Upon investment term completion, you will receive your capital back to take out from the bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit.

I'm not confident enough in the platform to put in any serious money so I only put in $140 and I'm already earning interest on that. Right now I'm averaging a return on 1.6% daily (yes, daily) interest which I am reinvesting once I build up to the $10 minimum reinvestment total.




If you want to invest in BitConnect lending first you need to buy Bitcoins. I used Coinbase.com to purchase mine and then just transferred it over to Bitconnect. From there you simply exchange the bitcoin into Bitconnect tokens.

I admit I am still skeptical of the program but if anyone wants to give it a try here's my link. https://goo.gl/e619hw


Disclaimer:

The information on this website is for educational purposes only, and is not intended as investment advice. All bitconnect promoters are independent mentor of cryptocurrencies. I give no representation, warranty, or guarantee as to the accuracy or completeness of any information. You represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of the transaction.

7 comments:

  1. Captain, how long are you going to play this? is this a long term or short term investment?

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    Replies
    1. As long as possible given the returns I'm getting already. Bitconnect is growing pretty fast, it's already the #13 cryptocurrency according to https://coinmarketcap.com/

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    2. Capt. Dividend im sure you are getting an excellent returns from your investments in bitconnect BUT isn't it you are earning in theory (virtual interests) as you will only find out your true status after the minimum time of investments have elapsed?

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  2. I will take this opportunity !! What is the expectation for the value of the bitconnect coin?

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    Replies
    1. Impossible to say for certain. If anyone would have told me 4 years ago that bitcoin would be over $4000. I certainly wouldn't own any stocks right now! I woulda put it all in Bitcoin. :-o

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  3. very interesting, never heard of this before. 1.6% daily is a pretty massive increase. I'll see how it goes for you before jumping in. Keep us posted.

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  4. Not familiar with bitconnect Captain, but definitely interested in bitcoins. I still have more research to do in terms of which exchange and wallet to use, but I will likely be invested in it soon.

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