yeah well on reddit they go quite berserk on it. But they seem to forget that all the interest they get from bitconnect goes most likely straight into other investments. It most likely is a ponzi of some sort. But a clever one. Im in it for a couple thousand cause i lost money as a noob and was like fck this, i just put it in here, although from the start i was like im not touching that, when i saw it on cmc. Then i saw the vids. And started to believe they have a trading bot. But thats all BS. Cause they rate interest from the price opening of BTC to the price close of BTC... and with this ceremony they had i was like wtf am i part of... so with that said i deftly not gonna reinvest anything. However... they do pay up till now. By the end of year i should be over break even. And then there are months to go and then capital back as well. Im not gonna lie, if i can get to that, i make like close to 10k. Meanwhile i check some (ico) stuff to invest the interest in. And so far thats going well. btw, u might wanna pick up some vibe. VR technology. its around 3.3 cents now. Product is allready there, afaik. The tokens are for paying artists etc to perform trough VR. Real legit project and a frontrunner in the space. Could go to $1 imo.
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So I checked in I think yesterday, after I think 3 days I have $6 of my $50 I'm able to withdraw. I didn't actually attempt to withdraw to see if they stop me. I'm gonna let it get to $50 pull out my inital $50 and let the rest ride. If I can make another $50 I may throw that into another HYIP and basically just let profits ride and keep trying them. Eventually I know money will be lost but if it's all house money and I can run some experiments and make some content off it cool with me.
My DMarket ICO, my first ever got pushed back, I'm not really knowledgeable about that space but from the little I know I hear something called Wax and Ingun is better so we'll see what happens.
These things all work until they reach critical mass and implode on themselves. Right now although Bitconnect has a lot of members, their model should still be solid of a while. The problem with these is that when they die - they die quick and you may not be able to get the money you think you've earned back out. So have a play but don't assume you made any money until you withdrew it to your wallet outside.
Yeah I'm not putting any serious money in, going to throw in $50, try to get it back out and then let the profit ride. More an experiment than anything else.