Crypto Session Ep. 2: What is BitConnect Coin (BCC)? - Aaron St. Hilaire

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^{Welcome back my fellow Steemians. Enjoy the content. In this video I'll be going over...}

What is BitConnect Coin(BCC)?

If you’ve ever taken a look at Coin Market Cap, it’s quite possible you’ve seen this BitConnect Coin. With such a high ranking overall, at #15, against other alt coins, it’s obvious that their business model works and is here to stay.

It’s a relatively new coin, according to Coin Market Cap, BitConnect Coin(BCC), being publically traded late January of 2017. It currently has a $481,893,999 at the time of this post.

It’s not like any other alt coin.

According to the their website, BitConnect Coin is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.

In simpler terms, “holding BitConnect Coin”, means locking your coins away for a certain period of time while earning interest on that loan. The “loan” and your “holding” are the same thing.

The reason this is possible is because the value of the currency rises when the community is holding it, and you’re holding the dollar value, rather than the BitConnect Coin itself. So the profits are made regardless of the loan amount because let’s say you bought now at it’s current price at $75 a coin, by the time you receive your capital back and the loan is complete the price of BitConnect Coin would have risen as well. The value of BitConnect Coin is going up in value and you receive your initial investment back, that’s what makes the business profitable, the fact that the dollar or fiat money will be worth less as time progresses and the crypto will grow as time progresses.

BitConnect Coin was worth 1$, in March, just a few months ago. That’s a 75X increase in just a few months and the likeliness of increasing is high because of it plays off of the Bitcoin rise.

BitConnect Coin can be bought and sold both online and offline. However, the most popular way is to exchange them on crypto currency sites where you can buy, sell or exchange BitConnect Coin for another digital currency or fiat money.

The most common exchange currently is, bitconnect.co, where you also have the opportunity to utilize the benefits of earning interest on loaning your BitConnect Coin.

BitConnect is the only cryptocurrency investment platform that is backed by decentralized blockchain technology, essentially giving every member of the community the opportunity to become their own bank.

Banks loan money to their clients with the intent of earning interest off of the money they loan you. What you’re doing with BitConnect is exactly that, loaning your BitConnect Coin and earning an interest off of the profits the community gets as a whole when holding their BitConnect Coins.

Be sure to watch the video above to learn more about how you can understand and benefit from the BitConnect Coin.

Thanks for tuning in. Feel free to Upvote, Resteem, and Follow @aaronsthilaire.

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^{Aaron St. Hilaire is an entrepreneur, business owner, author, husband, marketer, U.S. veteran, and conscientious objector. Aaron is the owner of St. Hilaire Personal Investments, a holding company, housing the assets of Revenue Regen, a digital marketing firm laser focused on results & ROI utilizing Facebook Advertising for their clients, and other smaller companies.}

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