What to do with the $1.26 daily earnings from bitconnect, The answer to this is being handled differently by a few people that I follow in the program, and I would like to add this as an alternative.
The bitconnect proof of stake system is a good way to not only keep holdings in the bitconnect system, but also keep earning on money that is not enough to reinvest with. Before we get into how this is done, ill finish the pitch. With a 10k satochi transaction fee, in BCC coins(this brings up 2 new problems, is the new hardfork really going to be called BCC, and are they still satochis if they are decimals in something other than bitcoin... I digress.) that is about a 100 satochi BTC, 100ish:1. So now that transaction fees are negligible, we can now move BCC back and forth to our local BCC POS wallet. Currently, til Dec17 BCC is offering 8% per month for POS(ex). We can do like like @craig-grant, and buy and sell BCC on their market for a profit if you can find the entry points. My Alternative allows for quickly moving BCC to and from the exchange, and if you maintain a minimum balance in your BCC POS wallet, held locally(instructions are coming) then you are able to accrue 8% a month on those holdings. Because it will take 110ish days to rebuild principal and because the principal was the minimum loan requirement, once this is achieved, my work in vindicating this program should be done, and I will place another loan order. Plus I will hopefully have made closer to 4% on that hundred by holding in the POS wallet without trading it, and that's only if the value doesn't change. By only taking money from the lending wallet on down days, you can maximize payback opportunities.
example 1.
Okay, Instructions on setting up POS for bitconnect coins.
Step 1. download and install the local wallet software. The windows version has worked for me and I have not tested on ubuntu, or OSX yet. Windows download :: Linux download
Step 2. After installation, the wallet will need to sync. This is the same as having any local wallet, Bitcoin Core for example. But not exodus... which is an arguement for another time, but its why I dont use it.
Step 3. Copy the newly formed BCC address into your BCC exchange account and send that money away to the POS wallet, where after 15 days it will begin to mine POS.
In Conclusion, I am in no way endorsed by anyway, and this post will probably only see a dozen views. lol. I found BCC through other Steemians, and I follow along with money that I can afford to lose. None of this is financial advice. Just suggestions on how to best play the online token game.
Cheers,
@Ruckusist
Every time im about to pull the trigger and start investing in Bitconnect, something tells me not to...i have read story after story about people making money on that site. But there is still something strange about it...