Is Bitconnect a Scam?

Is Bitconnect a scam?

I will explain why I think it's not and why I think this is the future of earning income.

A really good friend of mine got me into Bitconnect just recently, and before he did I was sure it was a scam. What he showed me changed my mind and I signed up instantly! In this article I will highlight some key points in why I think Bitconnect is not a scam and why I think that it will be the future of earning income.

First and foremost is the guaranteed Return of Investment (ROI) of 91.25% a year in profit, and up to 480% in cash per year. You can crunch the numbers yourself. These numbers are as legit as it can get. People are doing it EVERYDAY! With an average of 1-2% daily. Now when you reinvest and compound that out you can get a substantial ROI. With only $100 of Bitcoin to start. The potential is unbelievable, and that's why there are so many skeptics calling Bitconnect a ponzi scam.

Let's address that issue now.
After you send some Bitcoin to the BTC wallet on Bitconnect you then transfer it into the Bitconnect coin (BCC). So, you are trading your BTC for some BCC. Just like you would with any other alt coin. Most exchanges won't even allow you to deposit USD so you have to transfer BTC into them in order to trade and exchange for other cryptocurrenies. The only difference is that you can only get BCC through Bitconnect. Making another point on why skeptics think its a scam. Their argument is that after you transfer your BTC into BCC you then loan it back to the trading bot so you can start earning an interest, and in doing that you never hold any BCC, and all your getting is an IOU of interest earned. YES, when you loan back your BCC to Bitconnects trading bot you no longer hold BCC, but what you do get is a guarantee of ROI of 1-2% daily. Lets compare that too... lets say, a regular stock. A stock is share or piece of a company that has gone public. The company goes public in order to earn more money through investor interest so they can spend it on whatever they like. They sell you a share of their company in a form of a stock and in turn you give them your money. What are you really holding is an IOU that the company will do good in the coming days, months ,and years and because you have a vested interest in the company then they will try their best to do good. Right? But where's the guarantee? Companies can't guarantee a positive ROI. Nor can any hedge fund manager. And that's why I think Bitconnect is legit. It's no different than any other investment other than the fact that they guarantee a ROI. The trading bots earn money with your BCC loan and in turn pay you a daily interest. With that interest you can then either reinvest it and start compounding your loans or you can transfer it into BCC and trade it for BTC. Bitconnect just laid out their roadmap for 2018 and what they have in store for us is a STORE!! LOL They are coming out with a store where you can buy things with BCC and with their debit card, coming soon. To me it doesn't sound like Bitconnect is going anywhere anytime soon.

So, in conclusion I will end by saying. Of course, do your own research and never invest anything that you aren't willing to lose completely . This is not investment advice, nor am I a financial advisor.

Bitconnect info: https://bitconnect.co/?ref=DUSone