Many have been involved in Bitconnect and their outrageous success. Their money lending platform turned a lot of small investors into millionaires. For the ones who are not familiar with it, Bitconnect has a money lending program where you can buy their BCC coins, lend them to their trading bot and receive up to 40% returns per month, daily around 1%. Yes, you read it correctly. Banks can sadly only dream of it.
But the true beauty of Bitconnect is not in their lending program which is truly amazing but in the power of compounding. It means that you can practically add 1% to your principal every day and for the next day you have a larger principal to draw new 1% from it. This repeats constantly, 1% gets on top of the other and before you know it your investment grows exponentially. Albert Einstein is often quoted on the power on compounding :
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"Compound interest is the 8th Wonder of the World... He who understands it earns it...
He who doesn't pays it!”
- Albert Einstein
Yes, that it true, he said that. But let us leave the great genius on the side for now and mention another fact about Bitconnect and their crazy success. Since they showed up on coinsmarketcap.com on January 20th this year (2017) the value of their coin has never ceased to rocket. From $0.16 in January to $280 in November! Let us do a little bit of math. Thank you Mr. Einstein for pointing us the importance of it. Ok. Let's do this. When 280 id divided by 0.16 the result is 1750. One thousand seven hundred and fifty times more than the original price. This means that If someone invested 10 dollars in January to buy Bitconnect BCC coins their investment would now have worth of, again with a little bit of help from math, exactly $17,500. And if they boldly invested $1000 they would have become a millionaire and that's what many people in Vietnam and Thailand and all around the globe actually did.
Now you can registrate to Bitconnect (https://bitconnect.co/?ref=Montag) and start with their program but it is not that hard to understand that the value of their coin will probably not go so exponentially in the future. Sure it will probably grow maybe even 10-20 times but though anything is possible in the exciting world of cryptocurrency we will hardly see such run of 1750 times as we did this year.
But here is the catch. There are programs and ICOs similar to Bitconnect starting all over the place. Let's just mention a few: Regal coin, Hextra coin, Ethconnect, Homeblock coin, Binary coin, Falcon coin, Davor coin, Gold Reward, USI Tech etc. But which one is the best? Regal has already proven its value when it jumped 70 times in only one month! Hextra coin's value on their exchange has risen 12-18 times from literally two weeks before when it was around $1. These coins are generally very difficult to buy in the ICO because of the ridiculous demand.
But all these success stories will likely pale in comparison to the highly probable future success of the Ucoin Cash program (https://ucoincash.co/ref/montag)
This one has it all. Great design. Great ICO program. Great marketing. Inteligent roadmap, whitepaper and talented people behind the product. This is definitely the best lending platform that came out this year, if I had to pick I would say this will be bitconnect 2.0!
PS
Thank you for reading my text. You may do whatever you like if you want, please do not invest more than you are prepared to loose. ICOs are risky, and always due your own research, after all it is your money. And if you want to register, feel free to use the links I provided, thanks again and godspeed.