After hearing a lot about Bitconnect Lending, I invested $10,220 into their lending program (which is locked for 120 days). It's been 4 days and I have made a total of $661 till today which I have withdrawn into my BTC wallet. They pay daily interest depending on the volatility of the bitcoin price. Last 4 days the interest were 2.11%, 0.93%, 1.86%, and 0.42% respectively.
I will be updating my payouts here and see where this goes
The interest varies everyday and depends on the amount invested as follows
Great that you made some money. Keep us posted
Yeah I will even though these bots vote me down :)
That is so interesting, this is not the first time I am hearing about this BitConnect lending. But I can't get my head round the idea, who are they lending it to and under which terms. Do you know?
I think it is not too difficult to make those percentages. I paid them in BTC and BTC went up by 10% at least in the last 4 days and they paid me back 5% in interest in those 4 days :) They also have their own coin Bitconnect which is trading at around $90. It has a market cap of $500M, so I guess they can payout but I also believe they may not be able to sustain these rates forever
So they are probably acting as a financial investor? You lend them your funds and they try to earn from it by trading other crypto.
Yes they earn from trading
BCC is awesome! I've been reinvesting daily
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Thanks for sharing .. @rudystyle
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While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
So now you have become the community and judge what is scam or not? And you have decided that your opinion holds more weight than mine and 20 of my followers who have liked the article?
Let my followers decide whether the article deserves upvotes or downvotes. I am not writing this for bots but for real people.
In reditt people say steem is a ponzi scam. Why don't you go downvote them?
https://bitcointalk.org/index.php?topic=1558366.0
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