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8 years ago in #bitconnect by bola (67)
$4.34
- Promotion Cost $0.00
- Past Payouts $4.34
- - Author $4.11
- - Curators $0.23
104 votes
- bola: $1.90
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- sevinwilson: $0.05
- bidnat: $0.05
- oliverstoney: $0.04
- koskl: $0.03
- brianphobos: $0.03
- darth-azrael: $0.02
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- and 84 more
You know, there is just something, I don't know what, but I end up researching Bitonnect, then stopping, going to the site, then xing it out, I just cant get into it. Something sketchy about it lol
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Bitconnect is mainly a Multi-Level Marketing pyramid scheme with a crypto coin attached to it. I hate when I see this stuff in the crypto space because it will ultimately give the whole thing a bad name.
Agree...thumbs up @Bola
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@bola you welcome. Would like to connect with you, have a lot to learn from you. A Nigerian?
Thanks for the info, the real problem for me is the lockup period, in the land of crypto that seems like an eternity. On the flip side daily compounding makes a big difference compared to longer term compounding...overall probably not enough to offset the lack of liquidity of the lockup. Cheers
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Yep poloniex is best lending-platform. But for me lending bitcoins it is really bad idea. I got scammed on btcjam :/ never again
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"First of all, I'm not sure Bitconnect knows what "Lending " means. If I lend my neighbor my lawnmower, I expect to receive my lawnmower back not the US dollar value of my lawnmower."
thanks for the advice
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thanks for the info
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Correct me if I'm wrong, but if you invest $10,000 - say at Bitcoins price of $2,500, that would get you 4 BTC. With Bitconnect, I would make $120 a day for 120 days (14.4K), plus get my 10K back. The only way you would lose is IF Bitcoin went to $3,600 in this time frame.
Looking forward to hearing your perspective on that.
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I still don't see it. I mean, if I invest 10K into Bitconnect right now, I would get $14.4K back plus my 10K investment. Bitconnect is currently worth $49. So if I purchase 10K at $49, I would get 204 coins. Those 204 coins would then have to be worth $70.5 dollars by the end of 3 months for me to make $14.4K. It could be $70.5, it could not.
I'm playing devils advocate because it's an interesting concept and I've been on their site several times. I deposited money and I took it out before I started a loan. That happened twice just because I thought it was suspicious. I still intend on doing a loan but don't get me wrong, I have my speculation. Regardless, it's residual money and you don't have to worry about the price of a coin. You can just collect USD if you want to. There's no bank on earth that will give you a return like Bitconnect. While it might not be the best strategy to collect coins or accumulate coins, it's not a bad way to make USD while you sleep. Especially if you travel full time to countries where USD goes a long way and you continuously have it pouring in :)
Exellent article!
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Thank you for sharing 😄
Thanks for the info. I've been thinking about btc lending a bit for safe solid gains, want to do more research before I give it a go.
I love bitconnect. I make money everyday. https://bitconnect.co/?ref=mjk4080
hahahahahah. ok
Thank you @bola 😄
Upvoted and Followed!
I don't know why people are lending. You can make much more from trading. And it doesn't require to be a pro at trading. Taking only 4 trades per month, the ones that you are sure about and you make much more money in 6 months or 1 year...
In my opinion poloniex is best lending-platform.
Great article :)
That's the reason why I dont use any exchanger but I use only COINS.PH.
Great post dear
Thanks for sharring
Fllow . Upvote
nice article you posted here