Is Bitconnect a SCAM? - Was ist Bitconnect? | 🤑🤞 My Bitconnect Journey - Day 26

After reading a ton about Bitconnect and fight my way through the love and hate this platform gets all around the world I am still not 100% sure if this is an interesting way to make passive income or a scam.

But I am not the type of person who just sits on the sideline judging something I did not try out before. I haven't read about a person who got scammed by Bitconnect so I gave it a shot.. Maybe I need to learn it the hard way.

Bitconnect is a platform where you can lend your money and get an interest in it. Because of the high volatility of Bitcoin Bitconnect has a "volatility bot" which manages to buy and sell Bitcoins at the right moment to make a profit. They pay you out every day on an average of around 1% of your investment, which you can send to your Bitcoin wallet or keep re-investing. But your main investment gets locked by Bitconnect for 120 to 299 days.

On the 09.12.17 I invested $2340 so my investment is in Bitconnects hands for 239 days.

From this moment on I got the opportunity to get my payouts every day which I can withdraw right away if I want. I am still not sure which strategy is the right one for me. Some of the people keep re-investing to accumulate the profit by staking the lending amount til the last phase before they start cashing out "big". Some of the people play the way saver game by cashing out every day.

I am almost one month in now and these are the figures.

As you see, I started to re-invest every day for 2 weeks. Around 20th/21th of December, we got this massive Bitcoin drop, so I decided to cash out and use the opportunity to invest in Bitcoin and Altcoins. I kinda get used to it and cashed out the profits for the second half of the month so far.

After trying this platform for 1 month the profit is almost 30% of my investment and I am pretty satisfied with Bitconnect and the way I use it to generate passive income.

I will keep you updated every week to see if this risky journey will pay out or not.

If you are curious about trying this out for yourself I am asking you to use my referral link and join my team. I will get a small commission for that but your investment oder position won't be affected by that in any way.

You can start as little as $100 and will see if it works out for you.

What is your opinion about Bitconnect?
Is it a scam?
Or a lazy way to earn passive income? Let me know in the comments.

P.S.: I am not a financial advisor! Do with your money whatever you want and keep in mind that this whole crypto game is a risky one. Don't play with your money if you are emotionally attached to it because it is always possible to lose it all.