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RE: BitConnect Review - Legit or Scam?

in #bitcoin7 years ago

THX. good points.
Also they are working with $ so let say you gave them 1BTC back in oct 2016 (=600$) after 9 months you get your 600 back + your 6$/days (1%/day) so 2220$
July 2017, Btc = 2600$ so you convert to BTC and end up with 0.85 BTC.

This example is extreme (you can withdraw your 6$ every day / reinvest them, knowing that your withdraw date will be pushed forward/ BTC will not increase as much (lets hope it will ..))

My point is that giving the risks we take (as seen in the video) the reward is not as great as it seems.

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@dex0 you pretty much hit the nail on the head, but I'm not hating the program it is just that people need to know that it is very high risk.

Very true, comparing it to BTC Value-USD. When BTC calms down. Starts to level out, Would you consider this to be "not as good as it seems" still? Or would you consider this to be decent, reinvesting your profits till your making 80,000 a year or more as a side income. Not hoping the market doesn't fall or rise but just knowing your averaging about 1% a day?

Sure, i'm just concerned about the sustainability of bitconnect if the BTC loose 50% of its value during monthes like it did before. But I sincerely hope they proove me wrong. ANyway we will all be billionaires soon right? :D