Bitconnect not a get rich quick investment. Here is why.

I am not saying bitconnect is a scam. What I am saying is from my own experience the return on bitconnect is not anything the company advertises. There is a ton of information regarding the coin so I will just get straight to my thoughts of why you should not believe in the hype about bitconnect earning you a ton.

First I started with 0.02 bitcoin deposited into bitconnect around last Sept.

I then made my first $100 lending.

So after all the transaction fees and two months into investing bitcoin this is the current status.

Which equates to ~0.00406164 BTC at a rate of 1 BCC = 0.024627 BTC.

Two months into it I have already obtain ~20% of my principal back, and I have 239 days to go to collecting more interest then am able to get back my original principle. At current rate by the end of the loan I will receive approximately 5 x 0.00406164 = 0.0203082 BTC, but this is only at a rate of 1 BCC = 0.024627 BTC. If BCC depreciates I will have less BTC down the road.

Anyways when I getting back the principal and have collected all my interest earned it is pretty much doubling my earnings in 300 days. Why? Well look at current bitcoin prices versus two or three months ago. BCC platform pays out its interest in dollars so when converting them into BCC then back to BTC is pretty much decreased earnings as BTC appreciates.

In conclusion if you are trying to look to seriously increase your ROI I do not think bitconnect coin is the instrument to do that. The only way to obtain massive amount of earnings in bitconnect is thru the use of getting referrals. Also if you have a lot more invested into bitconnect you earn a few percentage points more, hence higher ROI. I just want to tone down the hype with bitconnect as I keep seeing more and more youtubers posting their great returns. The reality if you are on your own without referrals you simply do not earn as much as many people are trying to portray. Do not mistaken my post. I would still invest in bitconnect and be very happy with the returns since bitcoin has no staking. The goal to invest in anything is in hopes of earning profits. I see bitconnect as that.