Bitconnect (BCC) was just above $0.16 this January after ICO with a market cap of around 800000 USD and now at the time or writing this blog it is trading around $ 54 with a market cap of around 373000000 USD , according to coinmarketcap.com
What could be the reason for such a growth in such a short period of time?
After a brief research on the subject I discovered that Bitconnect has a lending platform which allows investors to lend Bitconnect on their lending platform to which they earn some profits on daily basis. The daily payouts depends upon the bitcoin price volatility , and bitcoin trading bot.
Couldn't figure out whether this is a great business opportunity or just a ponzi scheme.
Good!
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I've been doing bitconnect for 2 months now and they never missed a payment so far . if you do sign up I will give you 50% of 7% commision if you use my link https://bitconnect.co/?ref=bobobjohn
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And how do they manage to pay daily payouts in this volatile market?
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they trade the volatility of bitcion. Daily payments average out to about 1% but range from .6%-1.8% depending how volatile bitcoin is
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I saw someone say they are closing new loans at the end of this month, right before taxes are due, I would wait to see what happens.
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Keeping an eye on bitconnect. Let's see where does it moves.
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They also dont disclose any information as to who owns the company, and the Domain was registered privately, along with the too good to be true ROI, I wouldnt invest in this site
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When someone promises me big ROI,i walk away.Simple. :)
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Well even I think it's too good to be true.
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Yes
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