Bitconnect my initial opinion

leggy23 (65) in bitconnect • 7 years ago

So i joined bitconnect 2 days ago today . My initial investment was $300 and after 2 days i've made $5.46. I know some people are suspicious of their services. I understand that, but i'm never too sure about most investments that i make. i just look at how i can get my capital back with hopefully some profits. well, bitconnect pays users their capital back within at least 2 months. That way you can get it out with peace of mind and invest that capital somewhere more 'secure' or you can reinvest it with bitconnect.
I am not advocating for bitconnect, just sharing my experience and what i am doing. I think its something worth looking into.
Here's a short video i made basically saying the same things .

bitconnect trying it out

7 years ago by leggy23 (65)

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iliasdiamantis (67) · 7 years ago

Interesting video.

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1 vote

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leggy23 (65) · 7 years ago

Thanks.

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regularguy (41) · 7 years ago

I have the same opinion... What gets me about bitconnect is the referral system.. that turns me off and makes me thinks it's not sustainable and gives it that pyramid feel.. Isn't earning 1 percent a day good enough to get new people to join on there own?

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2 votes

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cryptotim (13) · 7 years ago

They are changing the referral program soon. They are going to direct referals only sometime in November.

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1 vote

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leggy23 (65) · 7 years ago

That is good to know. That will reduce fear is potential investors.

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streetstyle (72) · 7 years ago (edited)

@cryptotim Hello. May I ask how it is you know that Bitconnect is changing their referral program??

Thanks

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leggy23 (65) · 7 years ago

i agree with that point. i hope they do change the way their referral system is structured. A one time fee is good enough.

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cryptotim (13) · 7 years ago

Today makes 22 days I've been in it. My initial loan was $100. I've made 2 reinvestment loans already.

What people don't understand or won't admit is Bitconnect has their own coin just like Bitcoin which is not only used on their site, but also traded on the open market. That is why they are #10 and rising on coinmarket cap. Their trading bot is just part of their sustainability. People who don't understand this or who are intellectually dishonest only want to focus on the referral program, but soon they won't be able to do this because Bitconnect is switching from a referal tree to a straight referral where you only get a bonus from someone you directly refer.

All investing is risky but I think we both made a good choice. It's always wise not to risk more than you can afford to lose though.

Keep up the good work and don't let others scare you. They doubt themselves so they want you to doubt yourself because it makes them feel better about their shitty lives.

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2 votes

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jorlauski (58) · 7 years ago

I've been on BitConnect for just over a month now and have gotten over $50 earnings off a $140 loan - It's been working great for me - and now I m getting daily payoffs with BitPetite at 4.5% - I'm hoping it lasts cause I'm getting ready to start drawing my interest daily -not sure how long it can keep it up , but I'm close to getting my principle back and then it's all gravy after that ...I've heard of USI-tech - been thinking about checking it out too.

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1 vote

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leggy23 (65) · 7 years ago

Thanks for sharing.

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michaeljn (67) · 7 years ago (edited)

@leggy23
I too went through all due diligences and doubts and a ton of sleepless nights researching Bitconnect. I have come to the conclusion that as all investments with high returns are risky, and as someone commented - Never invest what you cant afford to lose, but I have been on bitconnect for 2 months now, and have returns of around $50-$60 a day. I have done a few referrals. so guess that boosted my daily profits somewhat.

But yeah. All I have to say is the train is moving now, so either get on or possibly regret not getting on later. Either way - I am making bucks and I take 50% profits daily and reinvest the balance - Just in case. Also spread your crypto investments over these:

Buy BTC straight out and Hold (HODL) cant lose there. since trajectory is up. and BTC going nowhere
Mining
Bitconnect Loans
Staking

and that it. done. at least that's what I have been doing with no regrets :-) when there's volatility. I am smiling. Happy Crypting :-)

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1 vote

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leggy23 (65) · 7 years ago

Good points and plan here, thanks for sharing.

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matthewdavid (54) · 7 years ago

I hope you get your investment back. You probably will. I do think that Bitconnect is a risky investment, though.

Every investment has it's risks, but Bitconnect isn't as transparent as they should be. I try to stay with decentralized technologies. I have been doing very well with Bitshares, created by the same person who is behind Steem (Dan Larimer).

I wish you well on this crypto-journey!

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1 vote

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cryptotim (13) · 7 years ago

How about Golman Sachs? Are they transparent? How about JP Morgan? Not trying to start an argument but no investment is truly transparent and all investing involves risk.

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leggy23 (65) · 7 years ago

True, im just focused like i said on atleast get my money back with some profits of course. which i have seen top vloggers such as Craig grant endorse. So i said why not give it a try...

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leggy23 (65) · 7 years ago

Thanks Matthew, i do believe i should get my money back especially at the interest rate.

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kyriakosk (52) · 7 years ago

heyyy @leggy23 !!! nice post, to know more about it!!!
I personally invested in USI-Tech which I know it's Lucrative and it makes you profits every Working Day!
Bitconnect also seems really interesting!

Check also the post that I've made about USI-Tech if this is something that could fit on you! :)
https://steemit.com/bitcoin/@kyriakosk/investment-to-grow-your-bitcoing-passively

If you have any questions feel free to reply! :D
Have a great Sunday! :D

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leggy23 (65) · 7 years ago

Thanks, ill keep that in mind.

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minnowpond (62) · 7 years ago

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beekart (65) · 7 years ago

Thanks for sharing your experience :D I heared bad things and some good things about it.. mostly bad though, that it is sort of like a pyramid scheme.. but tbh I havent looked into it thoroughly enough to really make an informed opinion about it.

But this helps, so thanks! Cheers!

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leggy23 (65) · 7 years ago

Check it out. Look at both the good things people are saying and the bad things people are saying. Also go on the website and read about it, then make your decision if you want to invest or not. I'm not endorsing it, i'm still new. Also don't use money that you can't part with for a while.

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1 vote

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cryptotim (13) · 7 years ago

Trying it before you knock it is always a good idea. They call it a ponzi because of the referral program but Bitconnect is changing it in November to a straight referral where you only get a bonus from someone you directly refer.

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1 vote

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nofiat (58) · 7 years ago

Hi! Thanks for your post! BCC is a winner, has been for a while. I was very skeptical when I first entered around $66 back in July/Aug. Now look at BCC all grown up in the top 10! I'm also into REC now (https://regalcoin.co/ref/GOLDFUCIUS), doing phenomenally well, but much newer, so potentially riskier... Good luck!

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leggy23 (65) · 7 years ago

Thanks, i'm coming in relatively late, but i think it has a lot of potential.

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steemitboard (66) · 7 years ago

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